Ferrari is a well-known brand all across the globe. The company has established a long history in the automotive industry making it one of the most iconic brands ever made. Ferraris first ever sports car was in 1947 which is V12-powered 125 S, and only two of it were introduced. Its successor, the 166 which only has 39 examples in the whole world is going to the RM Sotheby's auction in Amelia Island.

The 1950 model 166 with chassis number 0058 M is the 27th car out of the total 32 166 MMs Ferrari produced. The 166 MMs is named after its involvement in the Mille Miglia race and its Touring body type. The supercar battled in the 1951 and 1953 Mille Miglia championship and successfully bagged sixth place only on its first appearance. The 166 MMs also made a mark in European and American racing events.

The owner of the 166 MMs is Ferrari Club of America Chief Judge, Ed Gilbertson. He has kept and maintained the car for more than two decades. He won racing events such as Hans Tanner Trophy at Pebble Beach in 1979, Cavallino Classic and Concorso Italiano Platinum awards, said Car Buzz.

The 166 MMs is powered by a 2.0-liter, triple-carbureted V12 engine which enables to produce 140 horsepower with five-speed manual transmission. "Mechanically, it's decidedly old-school, featuring leaf springs, a live rear axle, and drum brakes," said the source.

A car marked with a lot of history is totally the best deal for all car collectors, and vintage enthusiast. The Ferrari 166 MMs is totally on top of any collector's list. RM Sotheby's estimates the price between $8-10 million when it goes to auction next month. To recall its greatness, watch the video for the Ferrari 166 MMs below.

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