Prices for vintage Ferraris have escalated the last few years, with the more expensive models breaking records for the price of a car sold at auction. A 1961 Ferrari California Spyder sold for more than million in 2008, and a 1957 Ferrari 250 TR went for more than million in 2009. When auction house Gooding announced that it would be selling the recently restored 1957 Ferrari 250 TR prototype at this past weekend’s Pebble Beach sale, we had a feeling that the record would be broken once again.

Our hunch was correct, as a final bid of .9 million was offered for the car at Friday night’s auction. Taking into account Gooding’s ten percent selling fee, the final price rang in at an astounding .39 million.

In addition to the 250 TR, Gooding sold six additional cars over the million dollar mark including a 1959 Ferrari 250 GT LWB California (.355 million), a 1963 Shelby Cobra 289 Factory Team Car (.285 million) and a 1953 Ferrari 375 Vignale Coupe (.2 million). You can read more about the record-breaking auction in Gooding’s press release after the jump.

Continue reading 1957 Ferrari 250 TR Prototype sells for record .39 million at Gooding’s Pebble Beach auction

1957 Ferrari 250 TR Prototype sells for record .39 million at Gooding’s Pebble Beach auction originally appeared on Autoblog on Mon, 22 Aug 2011 13:30:00 EST. Please see our terms for use of feeds.

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The last several years have seen classic Ferraris sell at auction for record-breaking prices including a 1961 Ferrari California Spyder that sold for over million in 2008 and a 1957 Ferrari 250 TR that fetched more than million in 2009. While those numbers seem astounding, they could be surpassed next month with auction house Gooding & Company offering up one of the most significant Ferrari race cars of all time, the 1957 250 TR prototype.

One of just 22 pontoon-fendered 250 TR race cars, the prototype has an extensive, although somewhat unsuccessful, racing history, with no less than three appearances at the 24 Hours of Le Mans as well as showings at Sebring, the Nurburgring and at the Targa Florio. The car also has an impressive show history, attending the Pebble Beach Concours four times (winning its class twice), and regularly garnering accolades at events like the Cavallino Classic and the Rodeo Drive Concours. It has also appeared several times at the Monterey Historics, most recently in 2008 where it narrowly avoided an accident after spinning at the corkscrew.

The car’s current owner and caretaker, just the second in a span of more than forty years, recently restored the 250 TR prototype back to its 1958 Le Mans configuration, installing the original engine, correcting bodywork and applying its 1958 racing livery.

Gooding fully expects this special Ferrari to break the overall sales record for a car sold at auction, and we wouldn’t be surprised if they achieved the feat. We’ll bring you the news come August 21st, along with the rest of our live coverage from Monterey next month. Until then, check out our gallery of the 1957 Ferrari 250 TR prototype or read more about the car and the auction in the press release after the jump.

Continue reading 1957 Ferrari 250 TR prototype expected to break records at Gooding’s Pebble Beach auction

1957 Ferrari 250 TR prototype expected to break records at Gooding’s Pebble Beach auction originally appeared on Autoblog on Wed, 20 Jul 2011 18:01:00 EST. Please see our terms for use of feeds.

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