From Wikipedia, the free encyclopedia Most expensive cars sold in auction
Most expensive cars sold in auction
This is a list of the most expensive cars sold in auto auc- • Originality, typically a car that had its original
tions through the traditional bidding process, consisting mechanical components, as it was when it left the
of those that attracted headline grabbing publicity, main- factory, is more desirable to the one that doesn’t.[10]
ly for the high price their new owners have paid. The • Cars equipped with automatic transmission are
current record is $16,390,000 for a 1957 Ferrari 250 Testa considered to be less desirable than its manual
Rossa, sold on August 21, 2011 in an auction hosted by counterpart.[11]
Gooding & Company in Pebble Beach Equestrian Center, • Cars that have been freshly restored or hidden away
the site of the Pebble Beach Concours d’Elegance in Peb- for a number of years or decades makes the car
ble Beach, California, United States. desirable to a show winner or a famous car.[3]
The 1904 Rolls-Royce 10 hp Two-Seater is currently • Eligibility to vintage events is a factor to prices as
listed on the Guinness World Records as the most expen- collectors typically buy vintage race cars to enter
sive veteran car to be sold, at the price of US$7,254,290 historic events as are cars that can be designed to be
($7,687,888 in 2011), on a Bonhams auction held at driven on the street but are competitive on the
Olympia in London on December 3, 2007.[1] track.[3]
This list only consists of those that have been sold for • The originality of the car is considered important in
at least $3 million in auction sales during a traditional historic racing due to the Historic Technical
bidding process, inclusive of the mandatory buyers pre- Passports and FIA Heritage Certificates in force,
mium and does not include private, unsuccessful (failing meaning cars must retain mechanical systems that
to reach its reserve price, incomplete) and out of auction belonged to the car of the period to prevent unfair
sales. advantages.[12]
• Cars with a strong motorsport history improve on
Vehicle valuation criteria the car’s desirability, better if the car have won a
prestigious race such as the 24 Hours of Le Mans,[4]
The main criteria for the value of auctioned automobiles the Formula One World Championship and the
are... Indianapolis 500.[13] An example would be the
• Low production volumes[2][3] Ferrari 330 TRI/LM Spider that was sold for $9,2
• Rarity[2][3] million in 2007, which was the 1962 winner of the 24
• Desirability[2][3] hours classic. Note that sportcar racers makes up the
• Demand[2][3] majority of competition cars on the main list.
• Aesthetic design, even of its time.[4] • A car associated with a famous person adds value to
• Nostalgia, known as the generation effect; collectors its price.[14] Elton John in 2001 auctioned his large
in their prime earning years, being able to afford a collection, as a result of his fame, a majority of those
seven figure car, are likely to buy cars that they are sold twice its estimates.[15] In 2008, TV presenter and
born to identify themselves with.[3] radio personality Chris Evans broke a twenty one
• Typically sport cars are generally more expensive year old record, when he successfully placed a bid
than comparable engined saloons, therefore for a Ferrari 250 GT SWB California Spider that once
desirable, the same applies to roadsters over saloons belonged to James Coburn.[16] In 1973 a Mercedes-
but luxury cars, as for their higher price tag, are on a Benz 770 F-Cabriolet that stated to be the parade
higher end of the scale.[5] limousine of Adolf Hitler was sold for a then record
• Condition, also complete documentation (such as of US$153,000 ($756,149 in 2011),[17][18] surpassing
evidence of its restoration) of the car is vital for its the previous record held by a Duesenberg Model J
value.[6] It is not unusual for these cars to have Victoria that belonged to Greta Garbo at US$90,000
undergone restoration work in the past costing ($472,482 in 2011).[19][20][21][22] Despite revealed to
hundreds of thousands, if not millions, of dollars.[7] be the limousine of the Marshal of Finland Gustav
• Winning a prestigious auto show helps the car’s Mannerheim, not Hitler, a week after the auction,
value, this was the case for some of the cars listed the same Mercedes went on to surpass its own
below have been cited to had taken overall[8] or class record months later despite this error.[17]
wins[9] at the Pebble Beach Concours d’Elegance. • On the other hand, as above, a car that is associated
with a famous otherwise factory-backed racing team,
such as Scuderia Ferrari, which was the case on
1
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
August 2011 when one of their factory Ferrari 250 exchange of a Ferrari 250 TR, for an estimated
Testa Rossa broke the new record, surpassing the $7,000,000.[26]
record held by the same car two years before, which Although prices have slightly dipped for general clas-
was a customer car.[23] sic cars due to the recent recession,[31] prices for high
• Auctions taking place during the annual Monterey end collector cars have held their value or continued to
Historics events every mid-August is expected to rise.[2] Since the 1990s recession, values of the most de-
bring in record sales as it is considered to be the sirable cars have risen in value by 200% or more.[28] The
hotpoint for collectors and investors who prefer to reason for this is unlike the late 1980s, buyers are enthu-
make attendance there to awaiting the outcome.[24] siasts with knowledge on the products they are interest-
• Auctions are not likely to command higher sale price ed in.[32]
in comparison to private sales.[9] Between 2005 and 2010, the value of vintage cars have
said to increased by 21 per cent, according to Dietrich
World economy affecting car values Hatlapa of the HAGI Index (Historic Automobile Group
Aside those mentioned above, the world economy is the International), vintage cars have offered annual returns
other main factor to its values as classic cars are being re- of about 21 per cent over the past five years.[31]
garded as an alternative investment.[15][25]
The market began in the 1970s when used Ferraris World records
was exported to any Italian exotic car dealer in the Unit-
ed States who were willing to buy anything that came to • Source: Sports Car Market all list of cars sold for over
them, then the 1973 oil crisis when prices of exotic cars $1 million
plummeted rapidly, almost new and higher in the range
models frequented in used car lots, a Lamborghini Miura Annual records
could be bought for $15,000 at that time.[26] A 1960 Fer-
• Source: Sports Car Market all list of cars sold for over
rari 250 GT SWB California Spider that went on to sell for
$1 million
$4,950,000 in 2009 was offered for sale in the June 1964
issue of Road & Track for US$10,500 ($74,348 in 2011), in
the April 1976 issue of Hemmings Motor News, the same Absolute record
car was offered at US$16,750 ($64,623 in 2011).[27] After a
period of ups and downs in the 1970s and early 1980s, in-
terest rates eased, meaning exotics once frequent on bed- Notes
room walls became suddenly affordable.[26] [1] Record for an auction taking place in the United
During the 1980s boom, investors frequented at auc- States.
tions, buying to the point that caused prices to skyrocket, [2] A record for a Ferrari.
when cars was sold, it was uncommon that the cars was [3] A record for a Italian car.
shifted to storage for investors intending to profit later. [4] A record for an auction held in Italy.
The high prices drove enthusiasts away from the market, [5] A record for a vehicle owned by a celebrity.
therefore cars was passed from investor to investor.[15] [6] A record for a Duesenberg.
The 1980s boom was followed by 1990s bust, meaning [7] A record for an American car.
that the values of classic cars had plummeted[28] [8] A record for a Bugatti.
According to the November 1997 issue of Car, the Fer- [9] A record for an auction held in United Kingdom.
rari F40 was credited for sparking the price speculation [10] A record for a French car.
craze.[29] [11] A record for a Mercedes-Benz.
During the height of the Japanese asset price bubble [12] A record for a German car.
in the late 1980s when yen fell from about 300 to the dol- [13] Broken the then world record at Sotheby’s in 1971,
lar in 1985 to about 150 by 1989, meaning everything out- selling for $59,000.
side there was halfñprice to them; wealthy Japanese buy- [14] A record for a Rolls-Royce.
ers became partly responsible for the increase in clas- [15] A record for a pre-1905 car.
sic car prices. One example of this in 1989, a Ferrari 250 [16] A record for a British car.
GTO (3909GT) was privately sold to Takeo Kato for [17] A record for an Alfa Romeo.
$13,837,500.[26] When the bubble burst, it was sold to [18] A record for an auction held in France, other than
Talacrest, an Egham (in Surrey) based Ferrari dealer for those held in the fiscally separate prinicpality of
$2.7m in 1994,[30] eventually selling onto David Morrison, Monaco.
a London based American for an estimated $3.5 million. [19] A record for a Bentley.
It passed on in 2001 to John Mozart, via private sale in [20] A record for a Jaguar,
[21] A record for a Talbot-Lago.
2
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
Sortable table
Rank Date MY Car s/n Auctioneer Locale Original price Adjusted Notes Source
(US$) price
August 21, 1957 Ferrari 250 0666TR Goodings & Pebble Beach, US$16,390,000 $16,390,000 [Note [36][37][38][39]
2011 Testa Rossa Company California, 1][Note
United States 2][Note
3]
May 17, 1957 Ferrari 250 0714TR RM Auctions Maranello, US$12,402,500 $12,703,775 [Note 4] [23][40][41]
2009 Testa Rossa Emilia-Ro-
magna, Italy
May 18, 1961 Ferrari 250 2377GT RM Auctions Maranello, US$10,894,900 $11,121,454 [Note 5] [16][42][43][44][4
2008 GT SWB Cali- Sotheby’s Emilia-Ro-
fornia Spider magna, Italy
August 21, 1931 Duesenberg 2478 Goodings & Pebble Beach, US$10,340,000 $10,340,000 [Note [46][47]
2011 Model J Long- Company California, 6][Note
Wheelbase United States 7]
Coupe
November 1931 Bugatti 41.141 Christie’s London, US$9,800,000 $18,937,838 [Note [48][49]
17, 1987 Royale Kell- United King- 8][Note
ner Coupe dom 9][Note
10]
August 20, 1937 Mercedes- 154140 RM Auctions Monterey, US$9,680,000 $9,680,000 [Note [50][51]
2011 Benz 540K California, 11][Note
Spezial Road- United States 12]
ster
May 20, 1962 Ferrari 330 0808 RM Auctions Maranello, US$9,281,250 $9,836,002 [4][52]
2007 TRI/LM Spi- Sotheby’s Emilia-Ro-
der magna, Italy
October 1937 Mercedes- 4086 RM Auctions London, US$8,252,201 $8,745,445 [53][54]
31, 2007 Benz 540K Sotheby’s United King-
Special Road- dom
ster
August 17, 1937 Bugatti Type 57374 Gooding & Pebble Beach, US$7,920,000 $8,084,693 [Note [55][56][57][58][3
2008 57SC Atalante Company California, 13]
Coupe United States
August 15, 1965 Shelby Day- CSX2601 Mecum Auc- Monterey, US$7,685,000 $7,871,680 [60][61]
2009 tona Cobra tions California,
Coupe United States
September 1929 Mercedes- 36045 Bonhams Goodwood, US$7,443,070 $8,654,855 [62][63]
3, 2004 Benz 38/250 Sussex, Unit-
SSK ed Kingdom
December 1904 Rolls-Royce 20154 Bonhams London, US$7,254,290 $7,687,888 [Note [54][64]
3, 2007 10 hp Two- United King- 14][Note
Seater dom 15][Note
16]
August 14, 1959 Ferrari 250 1603GT Gooding & Pebble Beach, US$7,260,000 $7,260,000 [65]
2010 LWB Califor- Company California,
nia Spider United States
Competizione
3
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
May 18, 1962 Ferrari 250 5845 RM Auctions Maranello, US$6,979,225 $7,124,355 [54][66]
2008 LM Sotheby’s Emilia-Ro-
magna, Italy
August 15, 1933 Alfa Romeo 2311218 Gooding & Pebble Beach, US$6,710,000 $6,710,000 [Note [65]
2010 8C 2300 Mon- Company California, 17]
za United States
June 15, 1931 Bugatti 41.150 Kruse Inter- Reno, Neva- US$6,500,000 $13,019,793 [54][67]
1986 Royale Ber- national da, United
line de Voy- States
ager
August 17, 1962 Ferrari 330 0808 RM Auctions Monterey, US$6,490,000 $7,923,389 [52][68]
2002 TRI/LM Spi- California,
der United States
May 20, 1953 Ferrari 340/ 0396 AM RM Auctions Maranello, US$5,692,000 $6,032,218 [69]
2007 375 MM Ber- Sotheby’s Emilia-Ro-
linetta Com- magna, Italy
petizione
August 20, 1966 Ferrari 330 0844 Christie’s Monterey, US$5,616,000 $7,162,088 [70][71]
2000 P3 California,
United States
August 19, 1958 Ferrari 412S 0744 RM Auctions Monterey, US$5,610,000 $6,114,761 [72][73][74]
2006 California,
United States
January 1966 Shelby Cobra CSX 3015 Barrett-Jack- Scottsdale, US$5,500,000 $5,828,742 [75]
21, 2007 427 Super son Arizona,
Snake United States
August 15, 1961 Ferrari 250 2845 GT Gooding & Pebble Beach, US$5,550,000 $5,550,000 [65][76][77]
2010 SWB Compe- Company California,
tizione United States
"SEFAC Hot
Rod"
August 20, 1960 Ferrari 250 2209GT RM Auctions Monterey, US$5,280,000 $5,280,000 [50][78]
2011 SWB Ber- California,
linetta Com- United States
petizione
August 16, 1962 Ferrari 250 3163 GT Gooding & Pebble Beach, US$5,115,000 $5,239,251 [79][80][81][82]
2009 SWB Califor- Company California,
nia Spider United States
July 23, 1930 Bentley HM2868 Christie’s Le Mans, US$5,109,665 $5,941,555 [Note [83][84]
2004 Speed Six Sarthe, 18][Note
Tourer France 19]
August 15, 1960 Jaguar E2A E2A Bonhams Carmel, Cali- US$4,957,000 $5,060,079 [Note [85]
2008 fornia, Unit- 20]
ed States
January 1960 Ferrari 250 1963 GT Gooding & Scottsdale, US$4,950,000 $5,070,243 [27][86]
17, 2009 SWB Califor- Company Arizona,
nia Spider United States
4
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
August 18, 1959 Ferrari 250 1451GT RM Auctions Monterey, US$4,950,000 $5,245,868 [87][88]
2007 GT LWB Cali- California,
fornia Com- United States
petizione Spi-
der
August 14, 1939 Talbot-Lago 90120 Bonhams Carmel, Cali- US$4,847,000 $4,947,791 [Note [89][90]
2008 T150C SS fornia, Unit- 21]
Teardrop ed States
coupe
May 21, 1955 Ferrari 375 0490AM RM Auctions Tivoli, Lazio, US$4,794,720 $4,794,720 [91]
2011 MM Berlinet- Italy
ta
August 14, 1962 Ferrari 375 0416AM RM Auctions Monterey, US$4,620,000 $4,620,000 [92]
2010 MM Berlinet- California,
ta United States
August 20, 1939 Mercedes- 408383 RM Auctions Monterey, US$4,620,000 $4,620,000 [50][93]
2011 Benz 540K California,
Spezial Road- United States
ster
October 7, 1884 De Dion, Bou- 6 RM Auctions Hershey, US$4,620,000 $4,620,000 [Note [94][95][96][97]
2011 ton et Tré- Pennsylvania, 22]
pardoux Dos- United States
à-Dos Steam
Runabout "La
Marquise"
October 1964 Aston Martin DB5/ RM Auctions London, US$4,620,000 $4,620,000 [Note [98][99][100][101
27, 2010 DB5 1486/R United King- 23][Note
dom 24]
August 14, 1938 Talbot-Lago 90034 RM Auctions Monterey, US$4,608,500 $4,608,500 [98]
2010 T150C Lago California,
Speciale United States
Teardrop
Coupe
August 19, 1931 Bentley 4 SM3916 Gooding & Pebble Beach, US$4,510,000 $4,779,568 [103][104][105]
2007 Litre "The Company California,
Green Hor- United States
net"
August 14, 1961 Ferrari 250 3087 GT RM Auctions Monterey, US$4,510,000 $4,603,783 [106]
2008 SWB Ber- California,
linetta United States
May 21, 1938 Talbot-Lago 90112 RM Auctions Tivoli, Lazio, US$4,475,072 $4,475,072 [107]
2011 T150C SS Italy
Teardrop
Coupé
August 19, 1959 Ferrari 250 1431GT Goodings & Pebble Beach, US$4,455,000 $4,721,281 [108][105]
2007 GT California Company California,
United States
January 1950 GM Futurlin- 011 Barrett-Jack- Scottsdale, US$4,320,000 $4,708,693 [Note [109][110][111]
21, 2006 er son Arizona, 25]
United States
5
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
March 12, 1952 Ferrari 340 0224AT RM Auctions Amelia Is- US$4,290,000 $4,290,000 [112]
2011 Mexico land, Florida,
Coupe United States
May 15, 1935 Duesenberg N/A Gooding & Pebble Beach, US$4,455,000 $5,180,306 [3][113]
2004 SJ Speedster Company California,
"Mormon United States
Meteor"
February 1937 Bugatti Type 57502 Bonhams Paris, France US$4,408,575 $4,515,666 [114][115][116]
7, 2009 57S Atalante
August 16, 1933 Alfa Romeo 2311214 Gooding & Pebble Beach, US$4,180,000 $4,281,538 [82][86]
2009 8C 2300 Company California,
Castagna United States
Drop Head
Coupe
August 28, 1937 Alfa Romeo 412012 Christie’s Monterey, US$4,072,500 $5,367,442 [117]
1999 8C 2900B California,
Pinin Farina United States
Cabriolet
October 1997 McLaren F1 065 RM Auctions London, US$4,058,120 $4,142,507 [Note [118]
29, 2008 United King- 26]
dom
August 12, 1970 Porsche 917 917 026 Bonhams Carmel, Cali- US$3,967,000 $3,967,000 [Note [119]
2010 Interserie fornia, Unit- 27]
Spyder ed States
August 26, 1956 Ferrari 410 0596 CM RM Auctions Monterey, US$3,822,500 $4,743,332 [120]
2001 Sport California,
United States
May 1, 1962 Ferrari 400 SA3309 RM Auctions Monte Carlo, US$3,799,600 $3,799,600 [121]
2010 Superamerica Monaco
Cabriolet
August 20, 1935 Mercedes- 105380 RM Auctions Monterey, US$3,767,500 $3,767,500 [50][122]
2011 Benz 500K California,
Roadster United States
January 1956 Jaguar D- XKD528 Gooding & Scottsdale, US$3,740,000 $3,740,000 [123]
23, 2010 Type Company Arizona,
United States
August 20, 1938 Talbot-Lago 90034 RM Auctions Monterey, US$3,685,000 $4,144,995 [124]
2005 Lago Special California,
Teardrop United States
Coupe
August 20, 1952 Ferrari 340 0226AT RM Auctions Monterey, US$3,685,000 $3,685,000 [50][125]
2011 Mexico Ber- California,
linetta United States
August 17, 1959 Ferrari 250 1489GT Gooding & Pebble Beach, US$3,630,000 $3,705,484 [126]
2008 LWB Califor- Company California,
nia Spider United States
October 1958 Ferrari 250 1039GT RM Auctions Battersea, US$3,606,400 $3,606,400 [127][128]
26, 2011 GT LWB ’Tour London,
6
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
de France’ United King-
Berlinetta dom
May 1, 1962 Ferrari 250 3401GT RM Auctions Monte Carlo, US$3,571,624 $3,571,624 [129]
2010 SWB Ber- Monaco
linetta
August 20, 1959 Ferrari 250 1215GT Goodings & Pebble Beach, US$3,355,000 $3,355,000 [130][131][132]
2011 GT LWB Cali- Company California,
fornia United States
August 19, 1884 De Dion, Bou- 6 Goodings & Pebble Beach, US$3,520,000 $3,730,395 [Note [105][133]
2007 ton et Tré- Company California, 22]
pardoux Dos- United States
à-Dos Steam
Runabout "La
Marquise"
May 1, 1960 Maserati Tipo 2470 RM Auctions Monte Carlo, US$3,343,648 $3,343,648 [Note [134]
2010 61 Monaco 28]
February 1929 Mercedes- 36045 Artcurial- Paris, France US$3,329,087 $3,974,362 [135][136]
10, 2003 Benz SSK Briest-
Roadster Poulain-Le
Fur
August 16, 1935 Duesenberg 2596 Gooding & Pebble Beach, US$3,300,000 $3,380,162 [82][137][138][13
2009 SJ Roadster Company California,
United States
August 14, 1949 Delahaye 815023 RM Auctions Monterey, US$3,300,000 $3,300,000 [Note [99][140][141]
2010 Type 175S California, 29]
Roadster United States
August 15, 1995 McLaren F1 062 Gooding & Pebble Beach, US$3,250,000 $3,250,000 [65]
2010 Company California,
United States
January 1954 Oldsmobile E54S003701 Barrett-Jack- Scottsdale, US$3,240,000 $3,644,446 [Note [142][143][144]
29, 2005 F-88 son Arizona, 30]
United States
May 1, 1958 Ferrari 250 0925GT RM Auctions Monte Carlo, US$3,191,664 $3,191,664 [145]
2010 GT LWB Tour Monaco
de France
August 17, 2009 Bugatti Vey- 1 Gooding & Pebble Beach, US$3,190,000 $3,256,335 [Note [126][146]
2008 ron 16.4 Company California, 31]
Grand Sport United States
August 20, 1936 Mercedes- 130944 RM Auctions Monterey, US$3,080,000 $3,080,000 [50][147]
2011 Benz 540K California,
Spezial United States
Coupe
January 1954 Pontiac Bon- 50175932 Barrett-Jack- Scottsdale, US$3,024,000 $3,296,085 [Note [110][148][149]
21, 2006 neville Spe- son Arizona, 32]
cial United States
[22] ^ Oldest car to appear on the list. [27] A record for a Porsche
[23] A record for a vehicle used as a theatrical property [28] A record for a Maserati.
[24] A record for an Aston Martin. [29] A record for a Delahaye,
[25] A record for a General Motors vehicle. [30] A record for a Oldsmobile
[26] A record for a McLaren [31] A record for a new car fresh off the factory.
7
From Wikipedia, the free encyclopedia Most expensive cars sold in auction
[32] A record for a Pontiac http://www.sportscarmarket.com/content/
scmuniversity/collecting-strategies.html.
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Sportscarmarket.com. Model J chassis information". Conceptcarz.com.
http://www.sportscarmarket.com/content/ http://www.conceptcarz.com/vehicle/
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[13] "Sports Car Market Magazine". collectors and investors position themselves in
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[146] "News". bugatti.com. 2008-08-26. • Historic Automobile Group International (HAGI)
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news.html?newsId=73. Retrieved 2010-06-05. (incomplete)
Retrieved from "http://en.wikipedia.org/w/in-
dex.php?title=Most_expensive_cars_sold_in_auction&oldid=468679452"
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