1953 Ferrari 340 MM

VIN: 0322AMModified

$5,714,710

Sold

Seller details

  • Auction

    RM Auctions

  • Location

    Maranello, IT

  • Event date

    May 20, 2007

  • Lot

    233

Vehicle specs

  • Chassis/VIN

    0322AM

  • Body style

    Coupe

  • Interior Color

    Tan leather

  • Exterior Color

    Red

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

RHD. Built as 340MM, raced at Le Mans 1953, 5th overall driven by Giannino and Paolo Marzotto then upgraded to 375 F1 Indy spec with modified bodywork. Winner of Spa 24 Hours (Farina Hawthorn), 4th in Carrera Panamericana (Mancini Serena). Sold via Chinetti to Marty Christensen and raced by Dick Irish including 4th at Watkins Glen. Recent MM Retro, Colorado Grand, California Mille history, then restored in 2004 to Carrera configuration; winner at Pebble Beach, FCA and Cavallino. Beyond perfect, with painted graphics, Engelbert tires. Exceptional condition throughout. Ferrari Classiche certified.

Market commentary

Offered at Gooding & Companys Pebble Beach auction last year where it was a no sale at a reported bid of $3,650,000. It sure looks like it made sense to wait and bring it here, where the bid in Euros is more than the dollar bid at Pebble. The object of a protracted bidding contest that was exactly the right way to end the day. It went to the phone bidder who also bought the 330 TRI LM and the 340 MM, having spent $18,108,950 and created an outstanding Ferrari collection in one short afternoon. 2nd in Class at Ferrari 60 Concours June 2007

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