This impressive Ferrari Hydroplane set an unrivalled world record in 1953 and is now set to fetch around $1.5 million at RM Auctions’ Monaco Sale.

Developed in 1952 by wealthy Italian industrialist Achille Castoldi and Ferrari Grand Prix racers Alberto Ascari and Luigi Villoresi, the speedy craft, propelled by a 4500cc V12, handily won the world speed record the following year.

The boat piloted by Castoldi averaged speeds well over 150 mph in 1953. It broke the 24 nautical miles record in the 800 kg category as the Arno XI averaged 102 mph.

The current unnamed owner acquired the racing boat over 20 years ago, restoring it to mint condition, and it is now being sold at auction.

Via Telegraph