Vintage Prancing Horses prevailed the last year’s classic car auction held at the pebble beach. The 1962 Ferrari 250 GTO became the most expensive car ever sold for $38 million.
Auction of classic cars is one of the most expensive business in the world. Taking account of 2014, about $1.3 billion were spent in the US alone, in which 9 out of top 10 entitlements were secured by Ferrari including the top spot.
Through the course of a week, various auction houses namely RM acquired $26.4 million for a 1965 Ferrari 275 GTB/C, Bonhams sold a 375-plus for $18.4 million at Goodwood while Gooding got $15 million for a 250 GT California Spider. A 250 GT California Spider was sold for $10 million and another $11.5 million were raked by RM for 250 LM. A 275 GTB/4 which was once owned by Steve McQueen reaped up $10.2 million, while 250 Mille Miglia, 250 California and 275 model were priced around $8 million apiece.
Unpredictably, the McLaren F1 was the only car that stood a chance against Ferrari’s Cannibalism; Gooding auctioned it for $ 10.75 million.
Following the ever expanding prices of classic cars, will the trend persist in this year’s auctions? If it is not apparent from the pages of history, try figures.
January 4, 2015January 4, 2015
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