Vintage Ferrari Spyder Sold For Highest Price Ever At Car Auction (PHOTOS)

A record was set for the highest price ever paid for a vintage car at auction when a 1961 Ferrari California Spyder was sold for almost $11 million (from CNN):

A 1961 Ferrari California Spyder sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby's, the companies that organized the sale.

The previous record was set in 1990 when Sotheby's sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.

But that was a race car, not a convertible designed for driving on the street, pointed out McKeel Hagerty, president of Hagerty Insurance, a company that insures high-value collectible cars in Europe and North America.

Ferrari race cars have traditionally sold for much higher figures than the company's street cars, Hagerty said.

"Ferrari 250 GTO's are now selling privately for twice that," he said

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Scroll down for photos of the 1961 Ferrari California Spyder (from Autoblog).

Comments

[dac253]

That's my car.

[LeoMarvin]

Isn't that the car from Ferris Bueller?

[aluxeterna]

litigiously close to it...the company who made the replicar used for the movie was sued out of existence, their "Modena" copy being too close for Ferrari's comfort. A shame, really...t­he more of these cars on the road, real or fake, the better. I had the pleasure of being in close proximity to an authentic '59 250 GT California (Long bodied), also black...fo­r the 1.4 million asking price, I don't think that one could ever have been driven up to the auction block, let alone around the neighborhood, but still, without a doubt, the most beautiful car ever crafted.

What I'd like to see is an accurate replicar version with an electric drivetrain­...say, the system from PML Flightlink, with motors in the wheels. Still gorgeous, still fast as heck, and nicer to the world.

[TheRoyalWe]

"...it is his love, it is his passion ..."

"It is his fault he didn't lock the garage."

[jubo]

HuffPo. Sometimes I wonder if there is such a thing as the Libertarian Left.

[Indedave]

The only reason Enzo Ferrari ever built street cars, like this one, was to finance his racing teams. But, oh baby, what cars they are.

[Ariesjill]

They R indeed! Before I saw yr post I was going to post Enzo is smiling in his grave..

[ErnestineBass]

Yummy gorgeous.

[Irons]

Yeah, but you could go broke buying gas for it.

[totalliberal]

If you can afford $10 million, you can probably afford the gas.......­.. For a few more months anyway.

[Ivatsol]

How much is it to lease that thing? for... a quick trip to 7/11... it's not to far away... literally just a few blocks... do you need anything while I'm there... Uhhh what do you mean it doesn't have a cup holder!!

[LiberalBuzz]

WOW, to have that kind of money to blow on a car you are going to stick in your collection of other multi million dollar cars in some garage where it won't see the light of day until it gets resold. And then back into the darkness again. It will be in a climate controlled garage, where the oil will be drained, the tires slightly deflated, the electric disconnected and the battery taken out then kept in immaculate condition until that time when the auctioneer's hammer comes down....ag­ain.

The rich ARE very different from you and I.

(yes I know but "I" just sounds better in this sentence)

[totalliberal]

That body is hand-made, like a work of art. As in Picasso...­. A bit more functional though.

[TheJibreelaMonsters]

That is capitalism right there... wait you are right; its a work of art. Truly stunning. Its way more than a P magnet, thats class you can't buy.