Ferrari 290 MM Fetches $22,000,000 At Petersen Automotive Museum

Ferrari 290 MM
Ferrari 290 MM sells for $22,000,000 - Image Karissa Hosek ©RM Sotheby's

An incredibly rare 1956 Ferrari 290 MM has sold for $22,005,000 at RM Sotheby’s final auction of 2018 at the renowned Petersen Automotive Museum.

The Italian stunner made up a staggering $39.8 million in total sales for the company, of which 64 vehicles and 77 lots of memorabilia represented a cross-section of significant eras and 10 categories in collector car history.

Ferrari 290 MM

The Ferrari 290 MM, chassis no. 0628, ignited an extended bidding contest between three collectors over the phones before selling for a final $22,005,000. The fully matching-numbers, Classiche-certified 290 MM was campaigned by Scuderia Ferrari for the 1956 and 1957 seasons, piloted by an amazing roster of factory team drivers including Juan Manuel Fangio, Phil Hill, Peter Collins, Wolfgang von Trips, Olivier Gendebien, Eugenio Castellotti and later, under private ownership, Sir Stirling Moss, in some of the most prestigious events the racing world has known.

Veteran car specialist, Alexander Weaver of RM Sotheby’s explained:
“This weekend’s auction at the Petersen Automotive Museum represented the most successful collector car auction ever held in Los Angeles and was highlighted by spirited bidding throughout the entire auction for lots that were globally sourced for this most unique and impressive venue,” said , following the sale. “The results re-affirmed market strength in many blue-chip collector cars, along with a continued and growing appreciation for modern collectables.”

Ferrari 290 MM
1956 Ferrari 290 MM by Scaglietti – Diana Varga ©2018 Courtesy of RM Sotheby’s

Petersen Automotive Museum Executive Director Terry L. Karges, said:
“It was an honor to host RM Sotheby’s final sale of 2018 at the Petersen.

“Since our grand renovation in 2015, we’ve dreamed of partnering with this world-class auction house to bring automotive treasures from the nation’s top collections to the heart of Los Angeles car culture. We’re delighted to announce that this has been the most successful auction we’ve hosted in our 24-year history, and we look forward to continuing the tradition for many years to come.”

RM Sotheby’s Petersen Automotive Museum Auction – Top Ten Sales

1.       Lot 241 1956 Ferrari 290 MM (CHASSIS NO. 0628) $22,005,000
2.       Lot 200 1971 Lamborghini Miura P400 SV (CHASSIS NO. 4912) $2,205,000
3.       Lot 201 1989 Ferrari F40 (CHASSIS NO. ZFFGJ34B000080161) $1,545,000
4.       Lot 227 2015 Porsche 918 ‘Weissach’ Spyder (SERIAL NO. 652) $1,534,000
5.       Lot 208 2015 McLaren P1 (SERIAL NO. 233/375) $1,435,000
6.       Lot 199 1955 Mercedes-Benz 300 SL Gullwing (CHASSIS NO. 198.040.5500695) $1,270,000
7.       Lot 196 1972 Ferrari 365 GTB/4 Daytona Berlinetta (CHASSIS NO. 14999) $775,000
8.       Lot 222 2005 Porsche Carrera GT (CHASSIS NO. WP0CA29855L001164) $775,000
9.       Lot 207 2018 Aston Martin Vanquish Zagato Villa d’Este (SERIAL NO. 79/99) $637,500
10.    Lot 234 1965 Lamborghini 350 GT (CHASSIS NO. 0232) $555,000

Full auction results can be found here.

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