What would you do with $12.2 million?
You might buy yourself a really nice car, but still only drop a couple hundred grand and have plenty left to give to family you’ve never met. Or you could blow it all on ONE car. Yes, that’s what I would do.
A 1957 Ferrari 250 Testa Rossa sold this month at auction in Italy for a world-record $12.2 million. The sale broke a record set a year earlier at the same auction, also for a Ferrari. That one was a 1961 Ferrari 250 GT SWB California Spyder that sold for $10.9 million.
So Ferrari now owns the top two spots in the most-expensive-cars-ever-sold-at-auction contest. What cars round out the top 5?
Number 3: 1931 Bugatti Royale, $9.7 million
Only six of these babies were ever built. It had a 12.7-liter engine and was 15 feet long. Hey, that’s under $1 million per foot!
Number 4: 1962 Ferrari 330 Testa Rossa, $9.2 million
This car was driven at the 1962 Le Mans and was the last Ferrari race car to have its engine in the front.
Number 5: 1937 Mercedes-Benz 540K Special Roadster, $8.2 million
Some say this is the world’s finest example of a 5.4-liter sports car.
Of the top 5 most expensive auctioned cars ever, 3 are Ferraris. Even more interesting, Ferrari owns 5 of the 10 most expensive. A 1962 Ferrari 250 GTO sold for $6.2 million in 1991 (put it up for sale today, and I’ll bet it would take the number one spot!), and a 1953 Ferrari 340/375 Berlinetta Competizione that won the 1954 Le Mans sold in 2007 for $5.8 million.
What do you think: Is a cool $12 million a good deal for a collectible car? What cars from today might end up on this list in the future?