Ferrari 290 MM Sells for $22m at RM Sotheby's Sale

By Paul Joseph

In front of a packed salesroom at the renowned Petersen Automotive Museum in Los Angeles, California last week, RM Sotheby’s sold a 1956 Ferrari 290 MM by Scaglietti for just over $22 million after an extended bidding contest.

Leading the company’s first auction at the recently redesigned museum, the 290 MM was campaigned by Scuderia Ferrari for the 1956 and 1957 seasons, piloted by a prestigious roster of drivers including Sir Stirling Moss, in some of the most prestigious events the racing world has known.

In 2011, the car underwent a full, concours-quality restoration by Ferrari Classiche to its 1957, 12 Hours of Sebring configuration, the final race it entered as a Scuderia Ferrari Works car.

Of the four 290 MMs built, three have survived, which made this a rare opportunity to own a two-seater sports racing barchetta from what can be considered Scuderia Ferrari’s golden era.

Additional highlights from the sale included a 1971 Lamborghini Miura P400 SV by Bertone, which realized $2.2 million on the podium, a 2015 Porsche 918 ‘Weissach’ Spyder in Factory Matte Black wrap and Martini livery, which sold for $1.5 million, and a 2015 McLaren P1, which fetched $1.4 million.

RM Sotheby’s is the world's largest auction house for investment-quality automobiles, with more than 35 years’ experience in the collector car industry

By Paul Joseph