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Built in 1953 and powered by a 12-cylinder, 4500 cc V-12 Ferrari engine with twin superchargers, the Arno X1′s engine boasts an output of 502+ horsepower. It reached a record setting 150.19 mph for an 800 kg boat in 1953, which impressively has not been broken to date. With a storied and record setting racing history, full concourse restoration and full documentation and original Ferrari engineering notes, look for this stunning watercraft to bring in nearly $2 million by RM Auctions in Monaco on May 11-12, 2012.