NEW YORK (AP) – A 1956 Ferrari built for Formula One racing legend Juan Manuel Fangio is going on the auction block in New York City, where it could sell for more than $28 million.
RM Sotheby’s says the Ferrari 290 MM, chassis 0626, will be offered on Dec. 10 as part of its “Driven by Disruption” sale.
The historic car never crashed despite a racing career that that lasted until 1964.
The $28 million pre-sale estimate makes it one of the most valuable cars to come to auction. A Ferrari 250 GTO Berlinetta that sold for $38.1 million at Bonhams in 2014 holds the record for any car at auction.
Fangio, an Argentinian considered one of the greatest Formula One drivers of all time, raced the 3.5-liter, V-12 engine car in the 1,000-mile Mille Miglia event, finishing fourth overall in a race that wound all through Italy.