In the late 1960’s a large wooden sculpture of the Prancing Horse was presented to Enzo Ferrari and he used it to decorate his personal office at Ferrari’s Fiorano circuit. Enzo chose to have it painted in black and he added a canary background as that was the color of the city of Modena his birthplace. He had painted a red horse on the side of his plane and the countess suggested Enzo use it on his cars for luck. The origin of the famed symbol originates in 1923 when Enzo Ferrari won a race in Ravenna and was introduced to Countess Paolina the mother of an ace of the Italian air force and a national hero. As the trademark for Ferrari, the Prancing Horse is one of the worlds most recognized symbols. In 1932 it appeared on the Alfa Romeos that were campaigned by Scuderia Ferrari at the Spa 24 Hours in July. The Ferrari Prancing Horse has been used since 1929 when it first appeared on Ferrari company letterhead. This year at its 12 th Annual Sports and Muscle Monterey auction event Russo and Steele is will not only be offering a stellar selection of Ferrari’s on the block, but also the famed Ferrari Prancing Horse or “Cavallino Rampante.” Monterey, California (August 3, 2012) – As noted by Ferrari Market Letter, Russo and Steele not only continues to get exceptional prices for Ferraris, but it has become something of a specialty for the auction company.