World's Largest Collector Car Auction House To Offer Iconic Ferrari 250 Testa Rossa In Monterey

One of the headliners of RM Auctions' 25th anniversay Sports & Classics of Monterey Event will be a rare 1958 Ferrari 250 Testa Rossa. For more on the car, check out the complete release from RM Auctions:

BLENHEIM, Ontario (June 10, 2010) - A rare 1958 Ferrari 250 'Pontoon Fender' Testa Rossa, serial number 0738 TR, will be presented at RM Auctions' 25th anniversary Sports & Classics of Monterey event in August, making it the most significant and valuable motor car ever offered during Monterey's famed collector car auction week.

Considered one of the most highly-sought-after and iconic of all Ferrari racing cars, the beautiful and unmistakable Scaglietti-designed 'Pontoon Fender' 250 Testa Rossa was produced from 1957 to 1958 during which only 21 were constructed, including 0738 TR. Delivered new to Brazilian Jean-Louis Lacerda Soares, 0738 TR was raced for several seasons in South America under the Esquardari Largatixa banner where it recorded a number of successful finishes. For the past 14 years its current owner, a gentleman racer, has extensively campaigned 0738 TR in its yellow and green Brazilian racing colors, recording numerous wins and podium finishes at the world's most prestigious historic racing events. (Estimate Available Upon Request).

"RM's recent record-breaking Monaco sale coupled with the steadily improving economic climate demonstrates the ideal time for the debut of this rare and coveted Ferrari 250 Testa Rossa at auction in Monterey this August," says Rob Myers, Chairman and CEO, RM Auctions. "In May 2009, during a period many considered the depths of the global recession, RM set the current world record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million. That result was a true testament to the demand for these iconic Ferraris and is indicative of the strong potential for this example to set yet another auction record."

Continuing RM's global leadership in the presentation of historic Ferraris at auction - holding seven of the top 10 all-time auction records for the marque - 0738 TR is joined by no less than 22 other exceptional vintage Ferraris in Monterey. Notable entries include: a highly-desirable, covered headlamp 1959 Ferrari LWB California Spyder, s/n 1489 GT, (Est. $2,750,000 - $3,250,000) delivered new to Prince Vittorio Emanuele di Savoia; a rare 1959 Ferrari 410 Superamerica, s/n 1323 SA, (Est. $1,600,000 - $2,200,000) one of only 12 Series III Superamericas built; a fully-restored 1957 Ferrari 250 Pininfarina Spyder Series I, s/n 0979 GT, (Est. $1,600,000 - $1,900,000); and a stunning, multi-award-winning 1966 Ferrari 500 Superfast, s/n 8565 (Est. $800,000 - $1,000,000).