$12.7 Million Ferrari 340/375 MM Berlinetta Competizione

Ferrari 340/375 MM Berlinetta Competizione sells for a staggering $12.7 million. Oooooh, so close to the record!


Throughout its competitive life, this particular Ferrari 340/375 MM Berlinetta Competizione (with Pininfarina designed bodywork) had to give second best to its rivals.

Almost all the time anyway, since this model took the honours for Maranello at the 1953 Pescara 12 Hours with 1958 Formula 1 World Champion Mike Hawthorn and two-time F1 podium finisher Umberto Maglioli at the wheel. On the main stages at Le Mans and Spa-Francorchamps however, the 340/375 MM was out of luck, failing to make the chequered flag on either occasion.

Not much seems to have changed in the past 70 years or so, since the prancing horse was sold at auction in Italy for ‘only’ 9,856,000 Euros (around $12.7million). This makes it the second most expensive Ferrari bought at auction since 1993, following the sale of that 250 TR for $16.9million two years ago at Pebble Beach.

The good news? The hammer price for the 340/375 MM Berlinetta now holds the record selling price for collectors auctions in Italy. Not just for cars. Full stop.

It may have taken the best part of a century, but this 340/375 MM Berlinetta Competizione finally got its day in the sun.

– Shots courtesy of RM Auctions

Categories: Shot of the Day

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