This article was first published 14 years ago
Ferrari sells for $16.4 mn at auction!
Last updated on: August 23, 2011 14:35 IST
Image: Ferrari 250 Testa Rossa prototype competed in Le Mans.
Although the world is going through tough economic times, the super rich are splurging on coveted cars.
In auctions held this weekend, nine much-desired cars were on the block.
Here we give a lowdown on the winners and losers.
A red 1957 Ferrari became the most expensive car sold at an auction, fetching $16.4 million at Gooding & Co in California.
The Ferrari 250 Testa Rossa prototype competed in the Le Mans 24-hour race.
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Image: 1937 540 K Spezial Roadster.
RM Auctions set a record for a Mercedes-Benz with the $9.7 million sale of a silver 1937 540 K Spezial Roadster.
The same model fetched $8.25 million four years ago.
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Image: 1957 BMW 507 Roadster.
The top lot at Bonhams, a 1957 BMW 507 Roadster with its engine rebuilt by Motion Products Inc, sold for $1 million, reaching its pre-sale high estimate.
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Image: 1925 Rolls-Royce New Phantom.
A 1925 Rolls-Royce New Phantom, custom-designed for the Bengal tiger hunting expeditions of Maharajah of Kotah, failed to sell.
It was expected to bring $750,000 to $1 million.
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Image: 1963 Rolls-Royce Silver Cloud III Drophead Coupe.
Also unsold was a 1963 Rolls-Royce Silver Cloud III Drophead Coupe, which was expected to bring between $475,000 and $550,000.
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Image: 1931 Duesenberg sold for $10.34 million.
A 1931 Duesenberg, which was expected to fetch $7 million, sold for $10.34 million.
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Image: Slate-grey 1970 Porsche 911s.
Steve McQueen's slate-grey 1970 Porsche 911s, featured in the movie
Le Mans, sold for $1.4 million.
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Image: 1959 Mercedes-Benz 190 SL Roadster.
Sheryl Crow's 1959 Mercedes-Benz 190 SL Roadster, expected to fetch $50,000 to $80,000, brought in $143,000.
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Image: Aston Martin.
An Aston Martin went for $247,500 at RM Auctions.
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