Many buyers it seems are turning to car auctions to stretch their

budget a little further at present. However, saving money will not be on the agenda for buyers at the 'Ferrari Leggenda e Passione', at the Mille Miglia event to be held in Italy this May. Among the lots is a 1957 Ferrari 250 Testa Rossa, which could just set a new record for the most expensive car.

At last years auctions, a 1961 Ferrari 250 GT SWB California Spyder, was sold for €7,040,000 and this 1957 prancing horse example is set to fetch even more. The car is expected to reach a high price, as it is one of only 22 made and has a rich racing pedigree.