A record-breaking year for classic cars
Wednesday 09 December 2009
The classic car market is proving resilient through the recession, according to a leading auction house.
The past year has set several new records for the sale value of several models, including a new record for the most expensive car ever sold at auction - a 1957 Ferrari 250 Testa Rossa that went for €9.02 million ($12.4 million) in Italy in May. Other record sales this year include the 1952 Jaguar C-Type, sold for $2,530,000 (€1,715,5000) in Monterey, California and a 1950 Aston Martin DB2 Team Car that set a new auction world record for an Aston Martin DB2, achieving $910,745 (€617,481) in London.
"The market for 'quality' motor cars - exceptional, rare examples with important provenance and documentation - remains stable, with outstanding cars continuing to attract great prices at auction," said Ian Kelleher, president and chief operating officer for RM Auctions. The firm hosts several of the world's largest auctions and is based in Ontario, Canada, with offices in the United States and United Kingdom.
The five most expensive cars ever sold at auction
1. 1957 Ferrari 250 Testa Rossa, €9.02m, May 2009
2. 1961 Ferrari 250 GT SWB California Spyder, €7.04m, May 2008
3. 1931 Bugatti Royale Kellner Coupe, £5.7m, 1987
4. 1962 Ferrari 330 TRI/LM Testa Rossa, $9.4m, May 2007
5. 1937 Mercedes-Benz 540K Special Roadster, £3.9m, October 2007
Source: About.com/RM Auctions
Life & Style blogs
This restaurant has misunderstood the concept of 'cheese and biscuits'
Tinder Plus: premium service launches, charging much more for those over 28
The best Oscar dresses of all time
The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
Google Plus might be dead, as ‘Streams’ and ‘Photos’ take its place
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
- 1 End of the licence fee: BBC to back radical overhaul of how it is funded
- 2 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 3 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 PornHub turns masturbation into energy in bid to save the planet
£45000 - £55000 per annum + 30 days holiday: Ashdown Group: Finance Manager - ...
£28000 - £30000 per annum: Ashdown Group: 3rd Line Support Engineer / Network ...
£26000 - £33000 per annum: Recruitment Genius: A Web Developer is required to ...
£45000 per annum: Ashdown Group: PeopleSoft Application Support & Development ...