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Need To Know > News > Classic Ferrari – which has been restored THREE TIMES – tipped to sell for £32 million
the vintage Ferrari 250 Testa Rossa, with a storied racing history and three restorations, is poised to fetch £32 million at auction in Detroit, Michigan, US.
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Classic Ferrari – which has been restored THREE TIMES – tipped to sell for £32 million

NTK Journalist
Last updated: February 16, 2024 1:48 pm
NTK Journalist Published February 16, 2024
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The stunning 1958 250 Testa Rossa. (Picture: Jam Press)
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A vintage Ferrari that has had to be restored three times is now set to sell for a whopping £32million.

The 167mph 1958 250 Testa Rossa – in classic red – had a ten year racing career.

It had two major crashes in 1998 and 2001.

It underwent restorations both times to fix the damage.

But it went a further a third, full refurbishment in 2013 to bring it back to its full glory.

READ MORE: Rare 1988 Lamborghini Countach 5000 QV to Star in Scottsdale Auction

The model is widely regarded as one of the most beautifully designed cars the world has ever seen.

the vintage Ferrari 250 Testa Rossa, with a storied racing history and three restorations, is poised to fetch £32 million at auction in Detroit, Michigan, US.
The stunning 1958 250 Testa Rossa. (Picture: Jam Press)

Being the most successful racing car in Ferrari’s history, the car won four World Championships during a decade of competing.

The 66-year-old car is going under the hammer with RM Sotheby’s in Detroit, Michigan, US, on February 24.

Shelby Myers, Global Head of Private Sales at Sotheby’s, said: “I have always believed that the 250 Testa Rossa should be the most desirable automobile in the world, especially in the context of Ferrari.

“When compared to the most revered prancing horse model, the 250 GTO, the TR far outpaces the GTO’s competition record.

the vintage Ferrari 250 Testa Rossa, with a storied racing history and three restorations, is poised to fetch £32 million at auction in Detroit, Michigan, US.
The stunning 1958 250 Testa Rossa. (Picture: Jam Press)

“It revolutionised the World Sportscar Championship and won the 24 Hours of Le Mans an unprecedented four times.

“It is also much rarer in terms of the total number of cars produced. Its rarity, open-top experience, and iconic ‘pontoon fender’ design, present in only 19 cars, elevate it to the level of Michelangelo and Bernini’s art.

“No world-class collection is complete without the masterpiece that is the Ferrari 250 TR, the epitome of rolling art.

“These opportunities rarely come up, and it is fittingly offered through Sotheby’s Sealed, our most exclusive acquisition method.”

The article features on What’sTheJam.

READ MORE: A simulator – that looks like half a Ferrari F1 car – used by Michael Schumacher for sale at auction for £20,000

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