You’re looking at the most expensive car ever to be sold at auction. RM Auctions paired with Sotheby’s for the Ferrari Leggenda e Passione to unload this gem for $12,156,252. And no, we didn’t mess with the decimal points – this Testa Rossa (two words, not Testarossa) was equivalent to 1/10th the gross domestic product of Kiribati.

The Colombo V-12.

The 250 Testa Rossa was only made from 1957 to 1958, and this particular car (chassis 0714TR) Raced in the Buenos Aires 1000KM race in 1958. With a pontoon fender body by Scaglietti and a Gioacchino Colombo V-12 displacing 2953 cc and making roughly 300 HP, plus real racing pedigree and interesting livery, this ain’t no Mondial.

Plus, a different 250 TR driven by Phil Hill and Olivier Gendebien won the 24 Heures du LeMans outright in 1958. Suddenly, the $12.1 M winning bid starts to make sense.

Just look at that thing. Wow. We’re going to scrounge around under our respective couches and see if we can come up with enough to buy a poster of one.

[Source: RM Auctions. Images: Autoblog]