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1967 Ferrari 412P sells for over $30 million

A rare 1967 Ferrari 412P Berlinetta has become the fourth most valuable Ferrari ever sold at auction, when it last week sold for $30.25 million (around €32.78m).

The 1967 Ferrari 412P Berlinetta which sold for $30.25 million (Photo: Bonhams)

The 56-year-old car was sold on 18th August by Bonhams at its auction in California, USA and surpasses the previous record held by the classic car auctioneer for a 1954 Mercedes-Benz W198, which sold for $29.6 million in 2013.

It is noted for being just one of two 412Ps ever constructed, and was subject of a nine-year restoration which not only revitalised the car to its original glory but also rendered it fit for public roads.

Its current finish also honours the rich racing history that began with Colonel Ronnie Hoare and his British Ferrari agency, Maranello Concessionaires Ltd., and extended to competing in the FIA World Championship of Makes, seeing it race at the Le Mans 24-Hours, Belgian Spa 1,000 Kilometres and in its home country at the BOAC 500 at Brands Hatch.