Historic Ferrari race car estimated at $28M at auction![]() October 20, 2015 - 18:16 AMT PanARMENIAN.Net - A 1956 Ferrari built for Formula One racing legend Juan Manuel Fangio is going on the auction block in New York City, where it could sell for more than $28 million, the Associated Press reports. RM Sotheby's says the 290 MM, chassis 0626, will be offered on Dec. 10. The historic car never crashed despite a racing career that lasted until 1964. The $28 million pre-sale estimate makes it one of the most valuable cars to come to auction. A Ferrari 250 GTO Berlinetta that sold for $38.1 million at Bonhams in 2014 holds the record for any car at auction. Fangio was considered one of the greatest Formula One drivers of all time. The Argentinian raced the 3.5-liter, V-12 engine car in the 1,000-mile Mille Miglia event in Italy, finishing fourth overall. ![]() ![]() Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. ![]() ![]() Partner news | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |