Early reports suggest that a 1953 Ferrari 340/375 MM Berlinetta has sold for €9,856,000. The news comes from this evening’s RM Auctions exclusive sale at the Concorso d’Eleganza Villa d’Este on Lake Como, Italy. Expectations were high for this particular car as RM Auctions didn’t publish a price estimate in advance.
The 1953 Ferrari 340/375 MM Berlinetta is a Pininfarina designed model. It is one of three works 375 MM competition cars entered at the 1953 24 Hours of Le Mans and formed an integral part of Ferrari’s 1953 Manufacturer’s Championship. It has a well-documented racing history, including participation at the 24 Hour of Spa, the Carrera Panamericana, and winning the 12 Hours of Pescara. It is the only works race car to have been driven in the World Sports Car Championship by three World Champions: Hawthorn, Ascari, and Farina. It also has a numerous concours d’elegance awards, including Pebble Beach, the Louis Vuitton Classic, and the Goodwood Revival.
As far as the specs go, the 4,494 cc overhead camshaft V-12 engine pushes out an impressive 340 bhp. It has triple Weber 40 IF/4C carburettors and a four-speed manual gearbox.
Early reports also suggest that a 1962 Ferrari 400 Superamerica SWB Coupe hit its lower estimate, selling for €1,950,000, a 1965 Ferrari 275 GTB sold for a square €1 million and a Ferrari 599XX hit its lower estimate at €820,000. It wasn’t all positive though, two Bugatti’s, a 1929 Bugatti Type 44 and a 1927 Bugatti Type 37 Grand Prix, failed to sell after falling short of their respective estimates.