16 August 2014

The most expensive cars ever: Ferrari sells for $38m - carmagazine.co.uk

A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week.

At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed.

What are the world’s most expensive cars?

Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Two historic Mercedes-Benzes feature in the top 10 highest car auction prices, the final non-Ferrari being a Ford GT40.

Classic car values boom - or bust?

The Quail sale is a reflection of a booming classic car industry. Values are rising and signs are that speculators are viewing rare and exalted cars as an investment vehicle. Could the boom years be back? And is it sustainable?

‘It’s been a genuine privilege to represent this outstanding car and we are absolutely delighted with today’s results,’ said Robert Brooks, chairman of Bonhams. ‘We’ve always maintained that we would exceed the current world record and that the car would bring between $30-$40-million and today the GTO did just that.’

The Ferrari 250 GTO’s $38m price puts it straight to the top of the list of all-time auction records. We’ve done some digging around and reckon this is a pretty definitive list of the highest prices paid for cars at auction.

Source: The most expensive cars ever: Ferrari sells for $38m - carmagazine.co.uk

« Veteran og klassiske biler får nyt liv!

Cars and Coffee - Tine Monsen »

The most expensive cars ever: Ferrari sells for $38m - carmagazine.co.uk

What are the world’s most expensive cars?

Classic car values boom - or bust?

Do you need a classic vehicle?

Are you a Vehicle Owner?

Subscribe now