Fangio Ferrari sold for $28 million

A 1956 Ferrari driven by five-time Formula 1 world champion Juan Manuel Fangio was sold for $28 million at an auction on Thursday.

Fangio Ferrari sold for $28 million

The Ferrari 290 MM, built to contest in the World Sportscar Championship, was part of an RM Sotheby's auction that included a Porsche owned by Janis Joplin and a Pontiac which belonged to Roy Rogers.

Only four 290 MMs were bult by the Italian company, one of them winning the Mille Miglia with Eugenio Castellotti at the wheel in 1956.

Fangio finished fourth in that event.

The following year, the car won the Buenos Aires 1000 km race with Castellotti, Luigi Musso and Masten Gregory behind the wheel.

The car had been owned by collector Pierre Bardinon for 34 years.

RM Sotheby's identified the new owner of the car as a private European collector.

List of races the 290 MM took part in:

  • XXIII Mille Miglia, 1956 - Juan Manuel Fangio - 4th Overall
  • Nurburgring 1000 KM, Germany, 1956 - Phil Hill, Ken Wharton, Olivier Gendebien, Alfonso de Portago - 3rd Overall
  • Grand Prix of Rouen-Les Essarts, France, 1956 - Alfonso de Portago - 9th Overall
  • Sveriges Sports Car Grand Prix, Sweden, 1956 - Wolfgang Graf Berghe Von Trips, Peter Collins - 2nd Overall
  • Buenos Aires 1000 KM, Argentina, 1957 - Masten Gregory, Luigi Musso, Eugenio Castellotti - 1st Overall
  • Portuguese Grand Prix, Portugal, 1957 - Masten Gregory - 2nd Overall
  • Grand Prix of Spa-Francorchamps, Belgium, 1957 - Masten Gregory - 10th Overall
  • Nassau Tourist Trophy, Bahamas, 1957 - Joakim Bonnier - 3rd Overall
  • Governor's Trophy, Bahamas, 1957 - Joakim Bonnier - 6th Overall
  • Nassau Memorial Trophy, Bahamas, 1957 - Joakim Bonnier - 7th Overall
  • Nassau Trophy, Bahamas, 1957 - Joakim Bonnier - 4th Overall
  • Cuban Grand Prix, Havana, 1958 - Paul O'Shea, Manfredo Lippman - 6th Overall
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