Last year, Gooding & Company smashed the record for the highest amount paid for a car at auction when the 1957 Ferrari 250 TR Prototype sold for $16.39 million at Pebble Beach. Now the auction house looks to break that record with an ultra-rare 1936 Mercedes-Benz 540 K von Krieger Special Roadster.
Classic car aficionados are currently making arrangements to be in Northeast Florida for the second week of March for the Amelia Island Concours, but not everyone will be headed to Florida just to see cars. Plenty of collectors come to the annual event with cash burning in their pockets, and the various auction houses are happy to oblige with a selection of special cars on offer.
Prices for vintage Ferraris have escalated the last few years, with the more expensive models breaking records for the price of a car sold at auction. A 1961 Ferrari California Spyder sold for more than $10 million in 2008, and a 1957 Ferrari 250 TR went for more than $12 million in 2009. When auction house Gooding announced that it would be selling the recently restored 1957 Ferrari 250 TR prototype at this past weekend's Pebble Beach sale, we had a feeling that the record would be broken once
There are no less than five auctions slated for this week in Monterey, with literally hundreds of collectable cars up for sale. Bonhams, Gooding & Company, Mecum, RM and Russo and Steele have all been consigning cars for the past several months to try and lure in the thousands of automotive enthusiasts that gather in the Monterey peninsula every August.
The last several years have seen classic Ferraris sell at auction for record-breaking prices including a 1961 Ferrari California Spyder that sold for over $10 million in 2008 and a 1957 Ferrari 250 TR that fetched more than $12 million in 2009. While those numbers seem astounding, they could be surpassed next month with auction house Gooding & Company offering up one of the most significant Ferrari race cars of all time, the 1957 250 TR prototype.