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Classic Ferrari sets record at auction

Mad money¬†has changed hands at car auctions, but a 1957 Ferrari 250 Testa Rossa has just set the record for the most expensive whip ever sold on the block – for roughly $12.2 million. RM Auctions’ annual Leggenda e Passione event moved the rare ride, one of only 22 made, to a new owner. As one of the most recognizable cars Ferrari has ever made, the crazy high price isn’t a surprise to die-hard car collectors worldwide. And just as a fun fact, Ralph Lauren happens to own two of ’em.

Source: Luxist