Barrett-Jackson OC '10: Louis Vuitton-trimmed 1962 Cadillac fetches $40K

Check eBay Motors or Craigslist for a '62 Cadillac convertible and you're likely to find a slew of them for less than ten grand. A particularly nice example might fetch twice that. So why did this particular Series 62 convertible bring in $40,000 at the first Barrett-Jackson auction in Orange County, California? Probably because OC-dwellers loves them some Louis V.

While this Series 62 Custom Convertible was pretty stock underhood, the car featured a tangerine metal-flake paint job courtesy of House of Kolors, a custom touchscreen sound system with over 1000 watts of power, and ginormous 22-inch wheels. All that aside, it was the monogrammed top and interior that really put this special caddy into the 40K range. What seemed like a square mile of genuine Louis Vuitton leather and "vinylized Egyptian cotton" – just like the handbags! – was used to fabricate the custom top and to cover almost every interior surface save for the gauges. Whether this car will be driven or used as a tear-down for its handbag raw materials is a question only the new owner can answer. Check out the gallery below.