The Ferrari Leggenda e Passione annual one-day auction has a reputation for offering the finest classic Ferraris and setting record breaking buys. And over the weekend at Pista di Fiorano in Maranello, Italy, this year's event didn't disappoint. A 1957 Ferrari 250 Testa Rossa sold for 9.02 million ($12.17 million), setting a new world record for the most expensive motor car to be sold at auction. The price eclipses the record set last year by 1.98 million ($2.67 million), which was held by a 1961 Ferrari 250 GT. A mere 22 examples of the 250 TR saw production between 1957 and 1958. Today, the cars carry eminence as one of the finest racing cars of the period and as one of the more desirable collector Ferraris in existence.California Spider.