1953 Ferrari 340 MM

VIN: 0294AM

$1,080,500

Sold

Seller details

  • Auction

    Christie's

  • Location

    Monterey, CA; US

  • Event date

    Aug 17 - Aug 19, 1997

  • Lot

    95

Vehicle specs

  • Chassis/VIN

    0294AM

  • Body style

    Spider

  • Interior Color

    Black

  • Exterior Color

    Red

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

Factory car in 340 trim with Touring barchetta body driven by Villoresi and Hawthorn, then to Hans Ruesch who raced it in 53. Factory uprated to a 375 and the present Scaglietti body, sold to Chinetti who did nothing with it for a decade. Sold to present owner, Dieter Holterbosch, in 66. MM Storica, etc. since. Speedo stuck at 158 km h. Good used race car shows limited use and largely original.

Market commentary

Great looking race car with the wrong body and an historic chassis engine. Three bidders livened things up to this, healthy, price. Shows that real, historic, Ferraris are real values even when they look like an OSCA.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.