RM Auction is coming up with yet another great offer which will go under the hammer at RM’s 25th anniversary Sports & Classics of Monterey event in August. It’s a 1958 Ferrari 250 ‘Pontoon Fender’ Testa Rossa, serial number 0738 TR, which is one of the 21 units ever produced. And yes, it has what it maters the most, racing pedigree! This TR is going to be the most valuable motor car ever offered at Monterey’s auction.

Considered one of the most highly-sought-after and iconic of all Ferrari racing cars, the beautiful and unmistakable Scaglietti-designed ‘Pontoon Fender’ 250 Testa Rossa was produced from 1957 to 1958 during which only 21 were constructed, including 0738 TR. Delivered new to Brazilian Jean-Louis Lacerda Soares, 0738 TR was raced for several seasons in South America under the Esquardari Largatixa banner where it recorded a number of successful finishes. For the past 14 years its current owner, a gentleman racer, has extensively campaigned 0738 TR in its yellow and green Brazilian racing colors, recording numerous wins and podium finishes at the world’s most prestigious historic racing events.

“RM’s recent record-breaking Monaco sale coupled with the steadily improving economic climate demonstrates the ideal time for the debut of this rare and coveted Ferrari 250 Testa Rossa at auction in Monterey this August,” says Rob Myers, Chairman and CEO, RM Auctions. “In May 2009, during a period many considered the depths of the global recession, RM set the current world record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million. That result was a true testament to the demand for these iconic Ferraris and is indicative of the strong potential for this example to set yet another auction record.”