The market for classic cars is always on the boom. With the super-rich growing even richer, investment in these vintage cars is one of the safest ways of investing their money. As a result, the price of these cars is also on the boom, and they are being sold off at the rates of a private jet. A car gets such a high value not just because it is vintage, but also because it comes with a race history or a household name attached to it. The rarity of an old car also plays a role in making it expensive.
We share with you a list of 5 expensive cars ever sold in auctions:
1962 Ferrari 250 GTO Berlinetta
This car was sold for $38,115,000 at the Bonham’s auction held in Carmel Valley, California, in August 2014. This car is one of the 37 cars built by Ferrari, and it is one of the best maintained of them. This car came second in the 1962 Tour de France. It got crashed and was later rebuilt in 1964.
1957 Ferrari 335 Sport Scaglietti
This car is a race car with a glorious history, and it has a curvy look. It was sold for $35,700,000 at the Artcurial auction held at Paris in the February of 2016. It finished on the first position in the 1958 Cuban Grand Prix, and Stirling Moss was in the driver’s seat.
1954 Mercedes-Benz W196
This car was driven by a legendary driver named Juan Manual Fangio who was five times Formula One world champion. It was sold at a price of $30,433,000 or £17.7million at the Goodwood Festival of Speed. This car was interestingly sold in its authentic condition with visible blemishes and a thin layer of grime.
1956 Ferrari 290 MM
This car was the most expensive car sold in 2015. It was sold at RM Sotheby’s auction in New York in the December of 2015 for $28,050,000. Surprisingly, it made many records even while being on auction. With Juan Manuel Fangio as its driver, the car became a part of 1956 Mille Miglia race. It is one of the four of its kind that is still in existence.
1967 Ferrari 275 GTB/4*S NART Spider
This car is one of the ten N.A.R.T. cars to be ever built. N.A.R.T. stands for North American Racing Team. The cars have remained in the family until this came up for auction in 2013. It was sold at a price of £16million or $27,500,000 at RM Sotheby’s in Monterey, California, on August 17, 2013. This car had a film debut with Steve Mc Queen in The Thomas Crown Affair and is the highest priced road car ever to leave an auction.
Other than keeping a check on the list of expensive cars ever sold, ensure that you are keeping your car insurance policy too up-to-date to avoid any trouble.