Classic Car Auction Records
The Classic Car market continues to be vibrant with 2009 seeing a world record price for a classic car at auction, and with even more auctions planned in 2010 the trend looks set to continue.
RM Auctions, the world’s largest collector car auction house, marked its 30th anniversary in 2009 with a solid year of performance. RM generated over $190 million US in sales with unit volume in excess of 1,450 motor cars, which included 12 separate auctions in four different countries.
As many as 10 collector cars accounted for million-dollar-plus transactions at auction, and RM managed to smash its own world record for the highest price achieved at auction with the sale of the 1957 Ferrari 250 Testa Rossa , s/n 0714TR for $12.4 million at its renowned Ferrari: Leggenda e Passione event in Maranello, Italy in May.
Top 10 Classic Cars at Auction
1 1957 Ferrari 250 testa rossa R M / Sotheby’s May-09 $12,402,500
2 1961 Ferrari 250 GT SWB Cal Spyder R M / Sotheby’s May-08 $10,894,400
3 1931 B ugatti Royale Type 41 Christie’s Nov-87 $9,800,000
4 1962 Ferrari 330 TRI/LM R M / Sotheby’s May-07 $9,281,250
5 1937 Mercedes-Benz 540 K Special Roadster R M / Sotheby’s Oc t-07 $8,252,201
6 1937 B ugatti Type 57SC Atalante Coupe Gooding & Co. A ug-08 $7,920,000
7 1929 Mercedes-Benz 38/250 SSK B onhams S ep-04 $7,443,070
8 1904 R olls-Royce 10hp B onhams D ec-07 $7,254,290
9 1965 S helby Daytona Cobra Coupe Mecum A ug-09 $7,250,000
10 1962 Ferrari 250 LM R M / Sotheby’s May-08 $6,979,000
* All prices are listed in US Dollars, Correct as of August, 2009.
Images & Top 10 List courtesy of rmauctions.com