Car Sells For $12 Million

FerrariA 1957 Ferrari racecar sold for a record $12 million Sunday at an Italian auction. The 250 Testa Rossa is one of only 22 ever made. If first raced at the 1958 Buenos Aires 1000 kilometer, where it came in fourth place.

The previous record sale price was $9.6 million spent last year for a 1961 Ferrari 250 GT.

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