In October we reported a 1956 Ferrari 290 MM raced by Fangio would sell for an estimated $28 million at RM Sotheby’s upcoming Driven by Disruption sale. That sum would make it one of the most expensive cars ever sold, however if you can believe it, estimates have now swelled to $32 million as the sale approaches.
The car, which is set to go under the gavel tonight following the auction’s start at 7:00 p.m. ET, will be the second most expensive car ever if sold for the estimated sum, with the famous $38 millon Ferrari 250 GTO the lone example surpassing it.
The 190MM was driven to a fourth place finish by Juan Manuael Fangio in the 1000-mile Mille Miglia and also won the 1957 Buenos Aires 1000 KM with Eugenio Castellotti, Luigi Musso, and Masten Gregory at the helm. The car was entered in countless other races, too, and driven by legends such as Phil Hill, Alfonso de Portago, Peter Collins, Olivier Gendebien, and Joakim Bonnier.
“It’s hard to know where to start when describing just how important this 290 MM is,” said RM Sotheby’s car specialist Peter Wallman. “Driven by the greatest drivers of the 1950s and built for possibly the greatest driver in history, this is a car with which Enzo Ferrari was personally involved and is a fundamental part of Ferrari folklore. Its originality, coupled with its extraordinary provenance and history, which are truly second to none, can only lead you to conclude that it is one of the most desirable and valuable cars that will ever come to the open market.”
You can tune into the Driven by Disruption sale tonight and see if the 290MM sells for as much as it’s projected to by following this link. We think a car with this pedigree has a shot at selling for more than $32 million, and considering the 60th anniversary of it’s epic adventure with Fangio in the Mille Miglia will roll around in 2016, it couldn’t have gone up for sale at better time.