10 Priciest Cars to Go Under the Gavel
Some may scoff at the outrageously high prices of some of today’s cars, which, for super high-end, low-volume vehicles, can approach and even breach the $1 million mark or more. While that’s out of reach for the majority of the population, some might find the investment a bit too good to pass up, given the recent state of the automotive auction scene, which shows what these special cars can turn into provided they are well maintained and check the right boxes.
As it turns out, five of the most expensive cars ever sold were sold this past year. Ferrari — long the king of automotive appreciation — made up several of the high-profile sales, but the record-holding vehicle is actually a classic Mercedes-Benz that sold in July.
We recently made a list of the five most expensive cars sold this year, but here is a list of the most expensive cars to ever roll off the podium. “Supply and demand are still driving prices,” McKeel Hagerty, president and CEO of Hagerty Insurance, said to CNBC while explaining why the cost of collectible cars continues to soar. “You have more millionaires being created and a small number of these top-quality cars. It’s also generational. The people who made large wealth are at a point in their lives when they want to collect these cars.”
The cars pictured my not be an exact representation of the actual car that sold, but we came as close as we could. For the prices that these cars are commanding, the return seems almost makes a $1 million investment sound logical.
10. 1961 Ferrari 250 GT Spyder California SWB
A pristine 1961 Ferrari 250 GT sold at an auction in May 2008 after its new owner, British radio host Chris Evans, shelled out $10.9 million or so for the car, which was reportedly just one of 56 made by Ferrari. It was also formerly owned by actor James Coburn.