This 1956 Ferrari 290 MM just sold for $28million

Multi-million dollar Ferrari 290 MM was previously driven by Juan Manuel Fangio and sold at RM Sotheby's in New York

An ex-works 1956 Ferrari 290 MM has sold at auction in New York for over $28 million. RM Sotheby's says it's the most expensive car sold in 2015, the most expensive ever sold in New York City, and the most expensive car the auction house itself has ever sold.

The car in question was built for Juan Manuel Fangio to race in the 1956 Mille Miglia - the famous Italian open-road endurance race. It only competed in that race once - as the Mille Miglia was shut down the following year. But before the car retired it was raced by greats like Alfonso de Portago and Wolfgang von Trips.

The Ferrari 290 MM  never achieved huge success and only won one of the 12 races it participated in - but its rarity made it a target for collectors. The Ferrari 290 MM is one of only four ever made. RM Sotheby's describes it as 'an irrefutable piece of automative history', and while its 320bhp may seem pedestrian now, in 1956 the car was hugely powerful.

The Ferrari rockets its way onto the list of most expensive cars ever sold at auction - to third place, just behind the Ferrari 250 GTO and the Mercedes-Benz W196. But it wasn't the only car that sold for mega money last weekend. A 1962 Aston Martin DB4 GT Zagato became the most expensive British car ever sold at $14.3 million, while the Ferrari Enzo previously owned by boxer Floyd Mayweather made $3.3 million. A Porsche 356, highly decorated and owned by the late Janis Joplin made $1.7 million.

Overall the auction generated $73.5 million in sales - which means that Fangio's Ferrari accounted for over 26% of the sales total for that night.

Do you think a car can ever be worth $28.05 million? Check out our list of the most expensive cars ever sold here...

Recommended

The ultimate Ferrari toy car collection
Features

The ultimate Ferrari toy car collection

Meeting the UK's Ferrari merchandise king
1 Oct 2020
New one-off V12-powered Ferrari Omologata revealed
Ferrari

New one-off V12-powered Ferrari Omologata revealed

The Ferrari Omologata is a unique 812 Superfast-based coachbuilt special inspired by historic Ferrari racers
25 Sep 2020
New Ferrari Roma 2020 review
Ferrari Roma

New Ferrari Roma 2020 review

The new Ferrari Roma GT is the iconic Italian brand’s latest offering – and it’s a big improvement
7 Aug 2020
New Ferrari SF90 Stradale 2020 review
Ferrari SF90 Stradale

New Ferrari SF90 Stradale 2020 review

Has Ferrari mastered the hybrid supercar with the new SF90 Stradale?
17 Jul 2020

Most Popular

Honda axes diesel power in the UK
Honda

Honda axes diesel power in the UK

Honda has quietly phased-out its diesel-powered models in Britain
19 Oct 2020
Renault could cut UK models in no deal Brexit profit drive
News

Renault could cut UK models in no deal Brexit profit drive

Renault’s new CEO says the firm is examining the possibility of reducing the range of models it offers to UK buyers as it aims to boost profitability
20 Oct 2020
New BMW 5 Series 2020 review
BMW 5 Series Saloon

New BMW 5 Series 2020 review

Have updates made the BMW 5 Series even better? We try out the new M550i xDrive to find out…
20 Oct 2020