A line-up of classic Ferraris.

When it comes to classic cars, the best way to track down a classic automobile is to hit up the annual Concours d’Elegance at Pebble Beach.  Not only are there awesome car shows and a competition to crown the most beautiful car, there’s also a pretty popular auction (for rich folks).  A 1957 Ferrari Testa Rossa race car prototype sold at the Pebble Beach Concours d’Elegance for a staggering $16.4 million dollars.  If that sounds high, it is; that’s the most any car has sold for at auction in the history of auctions.

“The $16.4 million sale of the prototype at Gooding goes to show that the market for great racing Ferraris is very competitive and collectors want to have the most significant example as the centerpiece for their collection,” said McKeel Hagerty, president of the collector car insurance company Hagerty Insurance.

No one’s giving identities of the buyer, but auction company Goodings & Company described the seller as “a preeminent collector with a passion for Italian automobiles” in the auction catalog.  Sounds to me like Jay Leno is either missing, or now owns, a hot little Ferrari.

Tags: Ferrari, Ferrari Testa Rossa, world’s most expensive car, world’s most expensive car auction, world’s largest car auction, Ferrari auctions for record .4 million, 1957 Ferrari Testa Rossa race car, rare cars, Ferrari race car auctions for .4 million, record auctions, expensive car auction, expensive cars, Goodings & Company, Pebble Beach Concours d’Elegance, McKeel Hagerty, Hagerty Insurance

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