• May 19, 2008


Click above for high-res gallery of this record-breaking Ferrari

This past weekend a new record was set for the highest amount paid for a car at a vintage auction by a 1961 Ferrari California Spyder selling for $10,894,900 after auction fees. The sale was at RM Auction's second annual "Ferrari Leggenda e Passione" auction in Maranello, Italy, and the obviously wealthy buyer was popular British radio host Chris Evans.

While we aren't experts on the classic car market, we can't help but think this sale was the result of a "gotta have it" mentality by Evans with no regard for the actual value of the vehicle. The initial estimate from RM Auctions was nearly half the sale price, and the fact that the car was previously owned by actor James Coburn seems somewhat inconsequential. While there's no doubt that Evans snagged an incredibly beautiful vintage Ferrari, we think he could have got his hands on a California Spyder for much less.


[Source: RM Auctions]

PRESS RELEASE:

Maranello, Italy (May 18th, 2008) Car enthusiasts and Ferrari collectors from across the globe descended on Maranello, Italy this past weekend for RM Auctions' second annual "Ferrari Leggenda e Passione" auction event to witness a new auction record established for a 1961 Ferrari California Spyder formerlly owned by actor James Coburn. The rare car exceeeded all expectations by selling for a world record auction price for a vintage car at auction in the amount of $10,894,900 U.S., surpassing the previous record set at Sotheby's Monaco in 1990 for a 1962 Ferrari 250 GTO at $10,756,000 U.S.

The annual RM Ferrari auction held in association with Sotheby's, put under the hammer an unrivalled collection of historic Ferraris at the legendary home of Ferrari in Maranello, Italy. Among the attendees was one extremely well known Ferrari enthusiast, and British television and radio personality Chris Evans. Chris, accompanied by his wife, golf pro and writer Natasha Shishmanian, attended the Gala reception on Saturday, May 17th where he fell for the considerable charms of a black 1961 Ferrari 250 GT SWB California Spyder. The following day, Chris made the successful bid for his dream machine, which will now take pride of place in his own celebrated collection and the honor of "the most valuable car sold in auction history."



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    • 1 Second Ago
  • 41 Comments
      • 6 Years Ago
      1961 Ferrari California Spyder sells for record $10,894,900

      Yeah but after you drive it off the lot it's only worth what? like $7,765,234 right?

      • 6 Years Ago
      SWEEEET ride.
      10M sweet, idk. but looking at that, I understand the gotta have it quotient.

      who knows, maybe the heiress to the Oh Henry! candy bar fortune was bidding against him
      • 6 Years Ago
      Actually, the most expensive car ever sold is the Bugatti Royale. In 1983, a Kellener-bodied Royale was sold by Christies for $8.7 million. Adjusted for inflation, that's $16 million.

      http://www.supercars.net/cars/2757.html

      Another Royale sold in 1987 for $9.8 million at Christies in London, which would be about $18 million in todays dollars (source SCM Auction database, login required http://www.sportscarmarket.com/auctions/milliondollarsales.php?ShowAll)

      Despite that, three of the last five most expensive sales in the last 12 months have been Ferraris, so they could conceivably catch up. Probably not, as there were only six Royales produced.

      • 6 Years Ago
      he had to have the car from farris buellar's day off, priceless
      • 6 Years Ago
      Holy crap! I could buy like 350 Pontiac G8 Gt's with 10 million, and still have money for a couple Cobalts!
      • 6 Years Ago
      I now see why he needs the car.
      • 6 Years Ago
      It is SO choice. If you have the means, I highly recommend picking one up.
        • 6 Years Ago
        Oh Yeah... Oh Yeah... Oh Yeah
        The moon... beautiful
        The sun... even more beautiful
        Oh Yeah... Oh Yeah... Oh Yeah

        I think Cameron´s Dad has died after reading this.
        • 6 Years Ago
        AHH!! You beat me by 1 minute!!!
        • 6 Years Ago
        The 1961 Ferrari 250 GT California... He loves this car more than life itself. He wipes it with a diaper. He knows the Mileage!!!

        *A man with priorities so far out of whack doesn't deserve such a fine automobile*

        We can get a limo. A nice stretch job with a TV and a bar!
        ----
        No Way, we're not leaving it here!. It could get wrecked, scratched... BREATHED ON WRONG!!!

        [*Cue Star Wars Music...* I LOVE that scene. classic.]
      • 6 Years Ago
      Can't beat the Publicity whatever this Blonde dude does. All about Return on Investment ROI... there must have been some motive for this.

      He's either a marketing genius or just hella successful.
      • 6 Years Ago
      Think maybe it's value increased significantly with the recent announcement of the new California?
      Kirill Sokolov
      • 2 Years Ago
      Cool
      • 6 Years Ago
      Wow! That is almost as much as my liscense plate...said the sheik
      • 6 Years Ago
      All I can say is.... Well I'll Be Damned
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