Just when it seemed like the collectible car market might be tapping the brakes, a mythical Ferrari could soon become the second-most expensive car ever auctioned.
On Thursday, RM Sotheby's will auction off a 1956 Ferrari 290 MM by Scaglietti for an estimated $28 million to $32 million. If it reaches $30 million, it will become the second-most expensive car ever sold at auction. A Ferrari 250 GTO, which sold last year for $38 million, holds the record.
The 290 MM being sold is part of Ferrari folklore — both for its racing history and the role the automaker's founder Enzo Ferrari played in its development.