It was sent originally to Venezuela, then to the U.S. where it was competitive on its debut at Sebring. By 1959, it had been relocated to a Rambler dealership, with a seized differential!
1st in class at the 2008 Pebble Beach Concours http://www.ferrarilife.com/forums/pre-69-212-250/8580-500-mondial-series-2-a.html
As always, Petrolicious rocks!
http://www.petrolicious.com/this-is-the-admiral-s-ferrari-500-mondial
Expected value is about 6 million.
RP left a note in the comments section, and let me know he was at Laguna Seca the day after the Petrolicious video, here is a sample of the photo gallery
http://www.gotbluemilk.com/web150819/8/index.html