Avid car collectors not only collect cars as a hobby but also for investment. Whenever rare vintage cars comes at the auction blocks, affluent collectors battles to get their hands on them, resulting in paying top dollars which eventually led to the roaring of the collector car market. And, this certainly becomes apparent from the recent sale of 1960 Ferrari 250 GT LWB California Spider Competizione for $11,275,000 to become one of the most expensive Ferrari in the California Spider series, the 1968 Ford GT40 Gulf/Mirage Lightweight Racing car for $11 million setting all-time record for a most expensive American Car at auction, and the Von Kreiger Rare 1936 Mercedes-Benz 540K for $11.77 million, the highest price paid for a car at the Pebble Beach Auction. Also, we have earlier seen the classic cars and record breaking bids at 2012 auctions.
1960 Ferrari 250 GT LWB California Spider Competizione
Sold by: Gooding & Co. sale at the Pebble Beach Auction on August 18 & 19, 2012
The rarity of being one of only nine alloy-bodied LWB California Spiders with a long wheelbase and its strong association with the late Ferrari collector Sherman Wolf, is something that has led the 1960 Ferrari 250 GT LWB California Spider Competizione to fetch a price of $11,275,000, to become one of the most expensive Ferrari in the California Spider series. Widely recognized as one of the greatest sports cars of all time, this particular example with chassis 1639 GT and ultra-desirable covered headlights, disc brakes and full race specifications was sold by auctioneers Gooding & Co. sale at the Pebble Beach Auction on August 18 & 19, as part of the Sherman M. Worlf Ferrari collection. Also, we have earlier seen the sale of 1959 Ferrari 250 GT LWB California Spider Competizone for $7.2 million by the Gooding and Co. auctioneers at the Pebble Beach Sale in 2010.
When new, this car was delivered to the Illinois-based Ferrari dealer and race George Reed and displayed at the 1960 Chicago Auto Show. And, in the late 1970s, Sherman Wolf purchased this vehicle as his first Ferrari and later drove it on the inaugural Colorado Grand. Restored by Ferrari specialist David Carte, this all alloy-bodied California Spider was in full show condition boasting 2,953 cc SOHC Tipo 168 V-12 engine with three Weber 40 DCL6 Carburetors.
However, we have also earlier seen the sale of Sir Stirling Craufurd Moss’s apple-green vintage 1962 Ferrari GTO for $35 million, to become one of the world’s most expensive car and also topping the list of world’s most expensive Ferraris, surpassing the sale of 1963 Ferrari 250 GTO at $32 million.
Check-out the gorgeous 1960 Ferrari 250 GT LWB California Spider Competizione in the gallery below.
1968 Ford GT40 Gulf/Mirage Lightweight Racing cars
Price: $11 million
Sold by: RM Auctions’ Monterey Sale
Historically, during the infamous Ford-Ferrari car racing wars of the 1960s, the Ford GT40 succeeded the Shelby Daytona coupe as Ford’s standard bearer, and proudly stood as the very first American-built racing car to win at La Sarthe and scored 4 consecutive victories at the 24 Hours of Le Mans from year 1966 to 1969. Finished in the Gulf team colors of Powder Blue with Marigold stripe, one of the 1968 Ford GT40 Gulf/Mirage Lightweight racing car with chassis P/1074 which raced extensively throughout the year 1968 from Daytona to Le Mans, as well as Le Mans trials at the hands of Jacky Ickx now got sold for whopping 11 million, setting all-time record for a most expensive American Car at auction. This only Gulf team car to win both as a Mirage (67 Spa) and a GTO (68 Monza), and also extensively used as the camera car for Steve McQueen;s iconic movie ‘Le Mans’ was sold as part of the RM Auctions’ Monterey auction on 17 and 18 August, 2012 in California. Earlier, a 1931 Whittel Duesenberg Coupe which was sold for $10.34 was the vehicle known to be the most expensive classic American car.
Von Kreiger Rare 1936 Mercedes-Benz 540K
Price: $11.77 million
Sold by: Gooding & Co. at the Pebble Beach Auction on August 18 & 19, 2012
One of the most significant and rare Mercedes-Benz to ever hit the auction blocks; the Von Kreiger’s Mercedes-Benz 540 K Special Roadster, one of 26 540K Special Roadsters which was built on special order before WW II got sold for $11.77 million, the highest price paid for a car at the Pebble Beach Auction. This long-tail, high-door car with exposed-spare, and chassis number 130949 remained the property of beautiful Baroness Gisela Josephine Von Krieger, who is described as one of the 10 most fashionable women in the world, until her death in year 1989. We have also earlier seen the sale of 1935 Mercedes-Benz 500 K Roadster for $3.76 million.