1956 Ferrari-Auction

NEW YORK (AP) — 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.

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.