Saturday 27 August 2011

1957 Ferrari Testa Rossa



 
Price paid: $16.4 million
Engine: 3.0-liter V-12
That price was not only the highest price paid for a car at this year's Pebble Beach auctions, it was the highest price paid for any car at auction in history.
This multi million dollar car deal took place in California that weekend.
The annual Pebble Beach Concours d'Elegance is the premier classic car competition in the world.
With throngs of well-heeled car buffs gathered there, the area around the Concours has become the site of a number of auctions that often garner multi-million dollar sales.
Top 10 highest-priced auction sales are took place at this year's event, as compiled by the collector car insurance company Hagerty Insurance. These prices don't include any additional post-auction deals that may have been made, but they do include the auctioneers' commissions, which usually run around 10%.

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