Most Expensive Cars Auctioned – The Ten Million Dollar Club

The classic car auction has become so popularcome up for auction. From Ferrari's to Shelby's to
over the years that it is now officially a socialBugatti's, the bidding has been hot and heavy. The
event in some areas or at least merits around“most paid for” award changed hands so
the clock televising on the Speed Channel. Partmany times that one had to begin to wonder
and parcel to this is the sheer value of thewhether bidders were pricing the car on its value
vehicles being sold. The idea that cars would sell inor just a desire to be the top price out there!
the millions of dollars hasn't been laughable for theWell, the 1931 Bugatti Royale Kellner Coupe was
last 20 years. In this article, we take a look at thethe top dog for a very long time despite this
new threshold – the ten million or more dollareffort with a winning bid of a staggering $9.7
cars.million dollars.
What is the value of a car? Well, it certainly is notSooner or later, everyone knew the $10 million
the price of the parts and labor used to make it.dollar barrier would be exceeded. It took a Ferrari
When it comes to classic cars, the value seemsto do it. In 2008, Chris Evans of the UK paid $10.9
to be driven by the brand, the history of themillion for a perfect 1961 Ferrari 250 GT SWB
vehicle, the limited number produced and, ofCalifornia Spyder smashing the Bugatti record by
course, the condition of the vehicle. Tied together,an unheard of $1.2 million. It took only one more
many wealthy individuals now view these vehiclesyear for that record to be smashed when a 1957
as investments akin to buying stock in a companyFerrari 250 TR was sold at auction for $12.2
or quality art pieces. They expect them tomillion. To this date, these two Ferrari's are the
appraise over time.only cars in the $10 million or above category.
The last 20 years have seen some amazing carsDon't expect that to last for long!