Ferrari Testa Rossa Sells for Record 9 Million Euros in Italy

A Ferrari 1957 250 Testa Rossa set a record price for any car sold at auction today when it fetched 9 million euros ($12.2 million) at Maranello, Italy.

The car had been expected to sell for 12 million euros, said RM Auctions, which held the event in association with Sotheby’s. The Testa Rossa was bought by an anonymous telephone buyer against three underbidders.