Wednesday, August 31, 2011

Ferrari sold for record $16.4 million

A 1957 Ferrari Testa Rossa took a $16.4 million in an auction of California the record for the highest price ever paid for a car sold at auction.

The car was the first Testa Rossa built, and served as a prototype for Testa Rossa race car. It has a 300-hp 3.0 litre V-12 engine and a four speed manual transmission. The Hammer came Saturday at the annual Pebble Beach Concours d'Elegance in Monterey car week in California, where hundreds of other expensive classic cars were sold.

The buyer was not recognized.

"The super rich super-rich remain," said Swiss Ferrari historian Marcel Massini Sydney Morning Herald. "The very, very best sold easily, and incredibly high."

The bright red Ferrari 250 Testa Rossa, which won 24 hours of race Le Mans, won the first place in the 2006 Concours d'Elegance, where vintage cars are judged see due to their State.

The previous record for a car was auctioned the $12 million sale of another in 1957 Testa Rossa in Maranello, Italy in 2009. The price includes a 10-percent fee for auctioneers Gooding & company, in accordance with CNNMoney on Saturday.

Go to the auction Rolls-Royce was sold 1925 new Phantom, which had been expected to fetch $1 million. Sammy Davis, Jr. was also not sold Rolls-Royce Silver cloud III convertible a 1963 possession.

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