Here's a Pro Tip for all you would-be classic car investors out there: buy Ferraris. With the Pebble Beach festivities kicking off this week, including any number high end car auctions, we thought it would be entertaining to compile a list of some to the most expensive cars ever sold with the bang of a gavel. Trouble is, once you get past the splendor of everyone's favorite Italian sports car maker, that list is pretty boring.
The 18th-annual Amelia Island Concours d'Elegance took place this past weekend, and in one of the show's biggest years yet (bringing in more than 25,000 spectators and attracting more than 300 vehicles), two powerhouses ended up winning the judges' hearts. The top Concours d'Elegance award went to a 1936 Duesenberg SJN, while the Concours de Sport went to one of the celebrated marques, a 1968 Ford GT40.
The late Otis Chandler's collection of vintage autos and motorcycles was auctioned off over the weekend and the final numbers were record-breaking. A total of $36 million of art, cars and bikes went across the block, setting a record for a single collection. The previous record was for a 1990 Sotheby's sale that netted $22 million. The star of the show, a 1931 Duesenberg Model J Special Phaeton sold for $2.4 million, while a mere $2.05 million bought one lucky bidder the 1904 Mercedes Sport Tour
When Otis Chandler passed away back in February, he left a lot more than a legacy of publishing prowess. Sure, during the 1960s he had transformed his family's newspaper into the world-renowned Los Angeles Times that we know today. But when he wasn't in his office, Otis liked to drive. And hunt. But more about the hunting later. It was his love of cars that brought him into our field of vision. Chandler was passionate about cars in the way one might say Jay Leno is. He had a whole warehouse of c