The most expensive cars sold in auto auctions

The current record is $16,390,000 for a 1957 Ferrari 250 Testa Rossa, sold on August 21, 2011 in an auction hosted by Gooding & Company in Pebble Beach Equestrian Center, in Pebble Beach, California, United States.

The Ferrari TR, or 250 Testa Rossa, is a race car model built by Ferrari in the 1950s and 60s. These cars dominated their arenas, with variations winning the 24 Hours of Le Mans in 1958, 1960, and 1961. They were closely related to the rest of the Ferrari 250 line, especially the legendary 250 GTO.

In all, thirty-four 250 Testa Rossas were built, from 1956 through 1961. The phrase “Testa Rossa” means “red head.” The most well known, the 250TR, was produced from 1957 to 1958; only 2 factory cars and 19 customer cars were built. After the 250 GTO, the 250 Testa Rossa is the second most valuable Ferrari model, often valued at more than US$8,000,000. A 1957 250 Testa Rossa sold on August 20, 2011 for $16,400,000, a new world record auction price for a car when inflation is ignored.

The 1904 Rolls-Royce – the most expensive veteran car

The 1904 Rolls-Royce 10 hp Two-Seater is currently listed on the Guinness World Records as the most expensive veteran car to be sold, at the price of US$7,254,290 ($8,130,952 in 2012), on a Bonhams auction held at Olympia in London on December 3, 2007.

The Rolls-Royce 10hp was the first car to be produced as a result of an agreement of 23 December 1904 between Charles Rolls and Henry Royce, and badged as a Rolls-Royce. The 10hp was produced by Royce’s company, Royce Ltd., at its factory in Trafford Park, Manchester, and was sold exclusively by Rolls’ motor dealership, C.S.Rolls & Co., at a price of GBP395. The 10hp was exhibited at the Paris Salon in December 1904, along with 15hp and 20hp cars and engine for the 30hp models.

 

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