OCT 26th 2015

Fangio's Ferrari 290MM Set To Clear $30,000,000?

Fangio Ferrari 290MM

The car world collectively stops whatever it’s doing and takes full notice whenever a significant, older Ferrari finds its way to auction. The Maranello machines – particularly those produced in the Fifties and Sixties – often carry with them the most fascinating histories and are quite simply amongst the most desirable and valuable motor cars ever to have been produced.

Fangio

Occasionally an ex-works car finds its way to market and this is when things begin to get really interesting. An ex-works car with superb provenance is big news, as is such a car which has reportedly never been crashed. An ex-works car with provenance, original bodywork and with full matching numbers (original engine and gearbox) would be enough to arouse the interest of the world’s most serious collectors. An original, matching numbers, ex-works car which was driven in period by Juan Manuel Fangio would be enough to send the auction world into meltdown, and that’s precisely what we have here …

Fangio Ferrari 290MM

In New York next month RM Sothebys will have the pleasure of offering for sale by auction this, the 1956 Ferrari 290MM with bodywork by Scaglietti which Fangio drove single-handed to a fourth place finish in the 1956 Mille Miglia. Not only that, but the fact that it was also driven by Phil Hill, Olivier Gendebien, Peter Collins, Wolfgang Von Trips, Jo Siffert and Masten Gregory amongst others is something of a welcome bonus, to say the very least.

Fangio Ferrari 290MM

RM Sotheby’s Peter Wallman has said of the car: ‘It’s hard to know where to start when describing just how important this 290MM is. Driven by the greatest drivers of the 1950s and built for possibly the greatest driver in history, this is a car with which Enzo Ferrari was personally involved and is a fundamental part of Ferrari folklore. Its originality, coupled with its extraordinary provenance and history, which are truly second to none, can only lead you to conclude that it is one of the most desirable and valuable cars that will ever come to the open market.’

fangio Ferrari 290MM

As if this car wasn’t special enough, having been driven by Fangio, it turns out that it was actually made specifically for him to drive in the Mille Miglia. After this it was campaigned by some of the esteemed gentlemen mentioned earlier before becoming part of a private collection in the USA. At some point it became the property of legendary French Ferrari collector Pierre Bardinon and stayed at his incredible Mas du Clos residence for 34 years.

fangio Ferrari 290MM

So, what are we bid? The whisper within the industry is that this car could break the $30,000,000 barrier, which will mean over £20,000,000 once commissions have been paid. Might that make the ex-Fangio Mercedes-Benz W196R sold at FoS by Bonhams for £19,601,000 (all-in) good value? We’ll know on December 10th …

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