The Most Expensive Classic Cars Ever Sold
Cars are to men what diamonds are to women. And if kept in a good condition, some of these gains a lot of value as they age over the years. While new cars for sale in San Marcos market has always been favourable, the last 10 years have seen an explosion in the demand as well as the price for vintage cars.
Why Did the Sudden Rise in the Prices Happen?
The first factor that contributed to the explosion in the price of classic cars was the financial crisis about 10 years ago. Due to the crisis, the interest rates plummeted to almost nothing, creating a surplus demand for valuable assets.
Secondly, the owners of these classic cars increased the prices drastically. This, combined with the increased purchasing power of the people looking to buy their dream car, stirred the market and made jaw-dropping deals for many classic cars.
While most of these deals took place in a public auction, there are many deals that are believed to have happened in private also. Here is a list of some of the most expensive deals for classic cars in recent times:
1955 Jaguar D-Type – Manufactured between 1954 and 1957, there were only 87 D-types built over the course. With a top speed of 278 km/h, this Jaguar was well above many competitive cars in its era. In 1956, this Jaguar was the overall winner of the 24 hours of the legendary Le Mans. This car went for a price of €18.4 million in 2016.
Aston Martin DBR1 – Not only is the DBR1 the most expensive Aston Martin ever sold, but it also ranks on top of the list of costliest British cars ever sold also. This particular car was the first out of the five beasts produced ever. With a 2.5 litre engine, a 6-cylinder alloy racing engine producing 212 HP, the DBR 1 won the 1000 km race of Nurburgring in 1959. It was sold for a price of €19 million at a public auction in 2017.
Mercedes-Benz W196 – The only W196 model that is in private hands, this car was actually was the official Mercedes Formula 1 car between 1954 and 1955. One of the first cars to have a very advanced mechanical fuel injection, it sported an 8-cylinder engine, giving out a power of 340 HP. It was sold for €25 million at an auction in 2013.
Ferrari 250 GTO Berlinetta – One of the most expensive classic cars ever sold went for a price of €32.5 million in 2014. The 17th true GTO of the family of 39 Ferraris in the GTO family, this beautiful beast was designed by Carrozzeria Scaglietti and was used throughout his life for most of his expeditions and tournaments. Having so much history, it is impressive how this car has been maintained over the years.
1957 Ferrari 335 S – Only one of the four ever produced, this Ferrari with a chassis number 0674 had its fair share of time on the track in several competitive tournaments. Probably one of the most expensive cars ever sold, this beauty went for a price of more than £25 million at a public auction in 2016.
The level of affection people has for these mean machines is very much evident through these lists. While these deals seem to be shocking to some, it is very much likely that such records will be broken time and again in the coming years.