Classic car prices at the top end of the marketplace appear to be doing very well if the recent Pebble Beach Auctions is anything to go by. Gooding & Co sold a 1995 McLaren F1 that had an estimated sale price of in excess of $15,000,000 for $20,465,000. You may be interested to read that is the most expensive car sold at auction this year.
Apparently, it was one of only 64 built with this one being the 25th off the production line. It only had 390 km on the clock making it exceedingly low mileage. It has a 6,064 cc V-12 engine capable of producing 627 BHP at 7,500 RPM. It was the fastest production car in the world. It had three owners with the first two being in Japan and the last owner being from the USA before being sold at the above auction.
A 1959 Ferrari 250 GT LWB California Spider Competizione that had an estimated sale price of $10,000,000 to $12,000,000 was sold for $10,840,000. It has a 2,953 cc V-12 engine producing 250 BHP at 7,000 RPM. Only 106 California Spiders were built making this a rare classic car.
A 1929 Bugatti Type 35B Grand Prix that had an estimated sale price of $3,500,000 to $4,500,000 was actually sold for $5,615,000. It was the Works Racing History Winner at the French and Spanish Grand Prix in 1929. It has a 2,262 cc 8 cylinder engine producing an estimated 130 HP at 5,500 RPM.
So, as you can see, there is an active market for high value classic cars around the world. Presumably, these delightful looking vehicles will have gone to extremely good homes. Hopefully, they will be seen on the roads for many passers-by to admire in the coming months and years. No doubt, at considerable expense, suitable classic car insurance will have been taken out on these expensive automobiles.