1953 Ferrari 340 MM Spider
Offered by Gooding & Company | Monterey, California | August 18, 2012
There are a few variants of the Ferrari 340 – the 340 America, the 340 Mexico, and the final version, the king-of-the-hill 340 MM. It had a 300 horsepower 4.1-liter V12. Only 10 were made and five of them were bodied by Vignale. This car was the last one made and it cost its American buyer an eye-watering $18,000 in 1953.
The car was bought new by Californian Sterling Edwards, who was, at about the same time he purchased this car, building cars under his own name. He picked this car up in Italy on his honeymoon, before shipping it home to San Francisco. He campaigned the car in SCCA events on the west coast, winning races and beating drivers like Masten Gregory in the process. Edwards sold the car in 1955 for $8,000.
The car passed through many hands and at one point someone repainted it red. Thankfully it has been restored to its original condition and color. This car competed in the Mille Miglia a number of times in the late 1980s and early 1990s. The current owner has owned the car for nearly 30 years and is being sold along with a number of his other significant Ferraris.
Ferrari 340 MMs are very rare – only 10 were made – so you don’t see them for sale too often. Expect this one to command a price between $4,500,000-$6,500,000. For more information, click here. And for the rest of Gooding’s Monterey lineup, click here.
Update: Sold $4,730,000.