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Ferrari nets record price at auction
Topic Started: May 20 2008, 12:03 PM (135 Views)
musicasacra
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HOLY CARP!!!
Ferrari Nets Record Price at Auction
By Peter Valdes-Dapena, CNNMoney
Posted: 2008-05-20 12:04:46
Filed Under: Business News, World News

NEW YORK (May 19) -- A 1961 Ferrari California Spyder sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby's, the companies that organized the sale.

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This 1961 Ferrari California Spyder sold for $10,894,900 at RM Auctions in Italy Saturday, the highest price ever paid at a vintage car auction.

The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.

But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.

Ferrari race cars have traditionally sold for much higher figures than the company's street cars, Hagerty said.

"Ferrari 250 GTO's are now selling privately for twice that," he said
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kenny
HOLY CARP!!!
I may be a tree hugger but that is one stunning car!!!
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The 89th Key
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I'd be too nervous driving that anywhere! Probably kinda like the pilots of $2B stealth bombers feel...
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Frank_W
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Resident Misanthrope
Sooooooo beautiful... That car is pure sex. :excited:
Anatomy Prof: "The human body has about 20 sq. meters of skin."
Me: "Man, that's a lot of lampshades!"
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Kincaid
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HOLY CARP!!!
It's a nice looking car but it probably is down in the hundreds of cars on my list of desirables. Is the price indicative of a still strong Beuhler effect?
Kincaid - disgusted Republican Partisan since 2006.
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