Those who love cars and have cash on their pockets go to car auctions. There are collectors too who will pay seven to eight digits on a priceless car. Car auctions are a bit different than normal transactions. The auction company charges a 5% to 17.5% of the selling price of the car. The buyer has to pay this charge. The seller may also add a seller’s premium. So, auctions are very expensive.
Here are the most expensive cars ever sold on an auction:
1957 Ferrari 250 Testa Rossa
The price paid for this car was $12,402,500. It was sold on May 2009 at Maranello, Italy. This car is very light weight and reliable. It had old-tech drum brakes and a live rear axle. The drivers of this car were the legendary Ferrari champions Luigi Musso, Mike Hawthorn, Wolfgang Von Trips, Peter Collins, Wolfgang Seidel and Oliver Gendebien. Only 19 pieces of this car was built.
1961 Ferrari 250 GT SWB California Spyder
The price paid for this car was $10,894,900. It was sold in May 2008 at Maranello, Italy. This car had a 3.0 liter V12 engine. Oscar winning actor James Coburn bought this car in 1964 and had it till 1988. Chris Evans, an English radio personality bid about $11 million for this car.
1937 Mercedes-Benz 540K Special Roadster
This car was sold at $9,680,000 in August, 2011 at Monterey, California. This car was originally ordered for an Argentinian customer. This car was bought by the famous East Coast collector Sam Mann and his wife Emily. The car has a longer rear bodywork and a tall beltline. This car has won a number of show trophies for the Manns. Only 400 of such car was made.
1931 Duesenberg Model J Murphy-Bodied Coupe
This car was sold at $10,340,000 in August, 2011 at Monterey, California. San Francisco eccentric George Whittell Jr. custom made this car. This was a variant of the model J that was made available in 1928. This was a big car; it has Frank Hershey designed and Murphy of Pasadena constructed body that is built on a truck type ladder frame. This car is also said to drive like a truck. The engine was 6.9 liter. Less than 500 of this car were built.
Auctions can be exciting, especially car auctions. You will be amazed how crazily people spend money in auctions. Auctions of the cars just mentioned are now part of history.