Ferrari
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Prior to last Friday, just four cars had ever sold for more than US$30 million at auction – now there’s a fifth, and it is no surprise that the Ferrari 412 P that fetched $30,255,000 came from the collection of film and car maker James Glickenhaus whose appreciation of visual aesthetics made the car a natural fit for man who transforms race cars into road cars.
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Last week we forecast that the 16th car in history would sell at auction for over US$20 million. It didn't happen, but what did occur was even more astonishing. The 1964 Ferrari 250 LM sold for €15,771,200 (US$16,867,298) including buyers premium.
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Blue-chip investment opps rarely include a lavish helping of fun, but one area where the two invariably coincide is the long-term ownership of vintage Ferraris, and this week served as a reminder of the potent force of rising Ferrari auction prices.
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Cars that sell for more than $10 million are rare, but cars that sell for more than $20 million are very special indeed. There have only ever been 64 cars in history that have fetched more than USD $10 million at auction, and just 15 cars that have ever fetched more than $20 million ... and there might be another by the end of the week.
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RM Sotheby’s has announced the sale of what may become the most valuable automotive barn find in history: 20 Ferraris consigned to the mercy of time in 1990, unearthed in 2004 when Hurricane Charley collapsed the Florida barn they were housed in.
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The Peninsula Classics Best of the Best identifies the world’s most exceptional classic car from a select group of vehicles that have won the highest awards at the previous year’s major concours events. The 2022 award finalists have now been announced.
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An American car has won the prestigious Concorso d’Eleganza Villa d’Este, the world's oldest and most traditional automotive concours.
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Ferrari has unveiled a new four-door, four-seat vehicle – it's the first time the Prancing Horse has done so. Swearing that it's not an SUV, Ferrari bills the Purosangue as more of a shooting brake, with all the expected performance.
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Salon Privé is best known for its globally recognized Concours d’Elégance, but over the 15 years since it began, it has grown into a week of automotive celebration that encompasses important car and luxury product launches and an upmarket lawn party.
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The 2022 Pebble Beach Concours has gone to a Duesenberg J Figoni Sports Torpedo from a strong field, including a Talbot-Lago T150C-SS Figoni & Falaschi, a 1930 Duesenberg J Graber Cabriolet, and a 1951 Talbot-Lago T26 Stabilimenti Farina Cabriolet.
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A 1956 Ferrari 250 GT Berlinetta Competizione yesterday became the winner of 2021 Annual Peninsula Classics ‘Best of the Best’ Award, the most prestigious concours honor in the world. Here's a pictorial of the winning car, and the other 7 finalists
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Monterey Car Week is upon us once more, and the auction cluster that provides a large part of the show at the week-long automotive celebration is shaping as the biggest in history.
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