The 5 Highest Auction Bids For Cars

The 5 Highest Auction Bids For Cars

The 5 Highest Auction Bids For Cars

If you guessed between $30 million and $40 million dollars, then you would be bang on the money! What sort of car could possibly sell for such an outrageous figure? The car, quickly bought by the Mullin Automotive Museum of Oxnard, California, was a 1936 Bugatti Type 57SC Atlantic. This classic car's sexy French Art Deco lines make it the enthusiasts' most sought-after model in the world. Although it was eventually auctioned in May 2010, it's reckoned that covert dealings had been going on for two years. Just imagine the car warranty insurance on that little baby!

Following in second place in our list of the world's most valuable cars is the 1957 Ferrari 250 Testarossa. This beautiful racing car went on sale at the annual Legenda e Passione auction run by the RM/Sotheby's Auction House in Maranello, Italy in May 2009 and cost its new owner the princely sum of 9.02 million euros (about $12.2 million). Not only had this magnificent Italian creation won several races but it was also one of only 22 such models ever made. The bidder, whose name was not disclosed, was said to be very happy!

A Ferrari also holds third place in our top five and was bought at another RM auction at the Ferrari test track in Maranello. The object of everyone's desire was a black 1961 Ferrari 250 GT SWB Spyder California designed by Pininfarina. This car, previously owned by the US actor James Coburn, was sold for 7 million euros (about $10.9 million) to the redheaded British DJ and car fanatic Chris Evans. The car doubled its expected auction estimate of 3.5 million euros in half an hour of dazzling bidding. It's a pity that he didn't take out car gap insurance on the difference between the price it was estimated to get and the price he actually paid, because word on the street has it that Evans could have got the car for a lot less than he actually bid.

A second Bugatti, a 1931 Royale Type 41, came fourth and was sold for $9.8 million in November 1987 at Christie's Auction House. Of the total of six such models ever made the Bugatti family kept two. The record-breaking car was hidden behind a false wall during the Second World War and stayed with the Bugatti family until the 1950s. The anonymous buyer, thought to be Japanese, made his bid before four thousand in London's Royal Albert Hall.

And finally our fifth car - a Ferrari again! It's another Testarossa, the 1962 330 TRI/LM model. The Legenda e Passione auction in Maranello, this time in 2007, was again the site of the sale. This car was especially sought after because it had actually won at Le Mans and was the final representative of Ferrari's front-engined Testarossa sports racing cars. The buyer, believed to be Argentinean, bought this car for $9.281 million but went on to bid for more. He parted with a further $11 million to buy two more Ferraris. Having paid a mere $6.49 million five years previously the seller must have been very satisfied, as must the auction house. No new car depreciation there - more like classic car appreciation!

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