TOP 5 most expensive cars sold at auction.
Here is a list of the traditional tender process, consisting of those attracted headline grabbing advertising, mainly for the high price of their new owners paid a Ferrari serial number 1962 250 GTO 3851GT most cars expensive sold in auto auctions sold at Bonham's quail auction August 14, 2014, US 34,650,000 00 38,115,000 00 including buyers premium, breaking the record held by a W196 race car Mercedes-Benz 1954 R sold for a record $ 31 million at an auction in England July 12, 2013 While collector cars were sold to individuals for most is the highest price ever paid for a car at auction public.
The Rolls-Royce 1904 10 hp two-seater is currently listed on the Guinness World Records as the most expensive car veteran for sale at a price of US 7,254,290 equivalent to 8.379 million in 2016, a Bonhams auction held at Olympia in London 3 December 2007 1.
This list includes only those that have been sold for at least 4 million auctions during a traditional bidding process, including mandatory premium buyers and does not include private fault, without success reach its reserve price, incomplete and auctions.
Common contributing factors affecting the value auto auctioned include.
Nostalgia known as the generation effect; collectors in their earning years, being able to pay a seven-figure car, are likely to buy cars they were born to be identified with 3.
Typically sports cars are generally more expensive than comparable saloons therefore desirable displacements, and for roadsters more saloons, but luxury cars for their higher price, are on an upper end of the scale 5.
State also complete documentation, as proof of his restoration of the car is essential for its value 6 It is not uncommon for these cars have a restore job suffered in the past, costing hundreds of thousands, if not millions, of dollars 7.
Winning a prestigious car show using the value of the car, it was the case for some of the cars listed below were named all took 8 or 9 class wins at Pebble Beach Concours d Elegance.
Originality, usually a car that had its original mechanical components, as it was when it left the factory, is more desirable than one who doesn t 10 original bodyshell retains the best value to one with a new body but the chassis of the car is considered by collectors 11.
Cars with automatic transmission are considered less desirable than its manual counterpart 12.
Cars that have been freshly restored or hidden for years or decades makes the desirable car in a show winner or a famous car 3.
Eligibility for period events is a price factor that collectors generally buy vintage race cars to enter historical events like cars that can be designed to ride on the street, but are competitive on the track 3.
The originality of the car is considered important in the historic race because of historical technical passports and certificates FIA heritage in force, which means cars must maintain mechanical systems belonging to the car of the period to avoid unfair advantages 13.
Cars with a strong history of motorsport to improve the appropriateness of the car, better if the car has won a prestigious race as the 24 Hours of Le Mans 4 Formula One World Championship and the Indianapolis 500 14 An example would be Ferrari 330 TRI LM spider that was sold Sleeps 9 2 million in 2007, which was the winner of the 1962 classic rating 24 hours runners sportcar did most competitive cars on the main list.
A car associated with a famous person adds value to its price of 15 examples.
Elton John in 2001 sold at auction his collection, after his glory, the majority of those sold twice its estimate 16.
In 2008, television presenter and radio personality Chris Evans broke a twenty-one-year record when it successfully placed a bid for a Ferrari 250 GT SWB California Spider that belonged to James Coburn 17.
In 1973, a Mercedes-Benz 770 F-Cabriolet has declared to be the parade limousine Adolf Hitler was then sold for a record 153,000 equivalent to 825000 in 2016, 18 19, surpassing the previous record held by a Duesenberg Model J Victoria belonged Greta Garbo US 90,000 equivalent to 515 000 2016 20 21 22 23 despite proven to be the limousine of the President of Finland Carl Mannerheim not Hitler, a week after the auction, the same Mercedes continued to surpass its own record month later, despite that error 18.
On the other hand, a car belonging to a celebrity who is involved in a scandal damaging the credibility is likely to be less valuable An example of this is the Rolls-Royce Corniche personality belonging to the British TV and radio, Jimmy Savile; in light of its sexual abuse scandal after his death, the car is speculated by the auto trade worthless 24 However, the white 1993 Ford Bronco that participated in the race between OJ Simpson and LAPD was sold for 75,000 in 2004, almost twice its original value, a decade after the incident 25.
Moreover, as above, a car that is associated with a famous racing team also supported factory, as Ferrari was the case in August 2011, when one of their factory Ferrari 250 Testa Rossa beat the new record, surpassing the record held by the same car two years earlier, which was a car customer 26.
Auctions that take place during the annual Monterey Historics event every mid-August should bring record sales as it is considered the Hotpoint for collectors and investors who prefer to present there to await the outcome 27.
Auctions are not likely to order the higher selling price compared to private sales 9.
Besides those mentioned above, the global economy is the other main factor values that classic cars are considered as an alternative investment 16 28.
The market began in the 1970s when used Ferraris was exported to an Italian exotic car dealership in the United States who were ready to buy everything that came to them, the 1973 oil crisis when car prices exotic fell quickly, almost nine more in the models of the popular in many used cars, a Lamborghini Miura could be bought for 15 000 at that time 29 to 1960 Ferrari 250 GT SWB California spider which continued for sale to 4.950.000 in 2009 was put on sale in June 1964 issue of road track US 10500 equivalent to 81000 in 2016, in April 1976 issue of Hemmings Motor News of the same car was offered at US 16750 equivalent to 70 000 2016 30 After a period of ups and downs in the 1970s and early 1980s, interest rates eased, meaning once exotic species freq ales on the walls of the room suddenly became affordable 29.
During the 1980s, the boom investors frequented auctions, causing prices to skyrocket when cars were sold, they were often transferred to storage for investors wishing to enjoy later, high prices led fans away from the market, the investor's past cars to the investor 16 the boom of the 1980s was followed by bust of the 1990s and the values of classic cars tumbled 31.
According to the November 1997 issue of Magazine For the Ferrari F40 has been credited for sparking the craze speculation prices 32.
During the height of the bubble in the prices of Japanese assets in the 1980s, the end, when the yen strengthened to 300 to the US dollar in 1985 to about 150 in 1989, rich Japanese buyers began to buy cars classics to effectively half the previous cost yen one example in 1989, a Ferrari 250 GTO 3909GT was sold to private Takeo Kato for 13,837,500 29 When the bubble burst, it was sold to Talacrest a Egham in Surrey based Ferrari dealership for 2 7m in 1994, 33 finally the sale of David Morrison, an American for about 3 to 5 million London It passed in 2001 to John Mozart, private sale in exchange for a Ferrari 250 TR, for about 29 7000000 .
Although prices have slightly tempered for conventional general cars due to the recent recession 34 price premium vintage cars held their value or continued to rise 2 Since the 1990s recession, the values of the most desirable cars have increased in value by 200 or more 31 reason is the difference late 1980s, buyers are passionate knowledge about the products they are interested in 35.
Between 2005 and 2010, the value of cars reported increased 21 percent, according to Dietrich Hatlapa of Index HAGI International Historic Automobile, vintage cars offered annual returns of about 21 percent over the past five 34 years.
A challenge for luxury car owners is the risk of having damaged in accidents The most expensive car crash in the history of the car seems to have been by Christopher Cox, who crashed in his Ferrari 250 GTO and destroyed its front end of the car itself was valued at about 30 million 36.
List of most expensive cars sold at auction, list, most, expensive.