1953 Ferrari Berlinetta fetches whopping £8.4 million at auction

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1953 Ferrari Berlinetta fetches whopping £8.4 million at auction

A rare classic Ferrari has made auction history after being sold for a record-breaking £8.4 million.

One of the rarest and most sought after classic cars in the world, the Ferrari 375MM Berlinetta was sold by car collector Sir Paul Vestey to an undisclosed buyer.
> It was snapped up over the bank holiday weekend at an RM Auction at the exclusive Villa Erba in Italy.

Such is the rarity of the car, its price has increased 13 fold in 20 years, when it was sold in the United States for $987,000.

Adding to the value of this particular example is the fact that it has been driven in competition by racing legends Alberto Ascari, Giuseppe Farina and Mike Hawthorn.

The £8.4 million price tag – equivalent to the average value of 50 UK houses – makes it the most expensive car sold at auction this year and the most expensive Ferrari coupe ever to go under the hammer.

1953 Ferrari Berlinetta fetches whopping £8.4 million at auction

The 375MM is fitted with a 4.5-litre V12, which develops 350bhp. Given the car is 60 years old, such a power figure would have been astonishing at the time it was built.

It set a still-unbroken record pace in the epic Carrera Panamericana race in the hands of Umberto Maglioli, averaging 138mph over the 223 mile course.

The car has a top speed of 170mph but Sir Paul admitted to the Daily Mail that he hadn't been anywhere near that fast in it.

"The fastest I have been is about 120mph," he said. "The thought of Maglioli driving it in Mexico at 170mph beggars belief - he must have been scared.

"I bet he didn't get paid much either. When you think who drove it, it makes the hairs on the back of your neck stand up."