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9 Interesting Facts Top 10 Most Expensive Car In The World Of All Time | Here are the most expensive cars ever sold at auction
- Although in general, prices of collectible cars have slightly recessed as a result of the recent recession,[36] prices for most high-end collector cars have held their value or continued to rise.[4] Since the 1990s recession, values of the most desirable cars have risen by at least 200%.[33] This changing trend in value fluctuation can be attributed to most investors thoroughly researching the cars they are interested prior to purchase, in contrast to the short-sighted, spontaneous purchases which destabilized the collectible car market during the 1980s.[37] - Source: Internet
- “The Mercedes-Benz racing cars from the 1930s and 1950s are rare, and most are still owned by the factory, so any that come to market are highly sought after,” Rabold said. The Bonhams auction house set a then-record price for the brand in 2013, selling a 1954 Mercedes-Benz W196 at $29.6 million. Since then, according to Rabold, the Hagerty Price Guide index of blue chip collectible cars has seen a staggering appreciation of 60%. - Source: Internet
- The stunning specimen, named after its then chief engineer Rudolf Uhlenhaut, is one of just two prototypes built. Based on Juan Manuel Fangio’s two-time GP World Championship-winning W196 R car, it featured an enlarged 3.0-litre straight-eight engine and was capable of speeds of up to 180mph. Uhlenhaut later commandeered it as his company car. - Source: Internet
- One of the largest challenges faced by those who invest in collectible cars is the risk of immediate devaluation following an automobile accident which causes physical damage to the vehicle. The most expensive car crash in recorded motoring history was caused by Christopher Cox, who crashed while driving his Ferrari 250 GTO and completely destroyed its front end. The car itself has an estimated value of approximately $30 million (USD) prior to the incident.[38] - Source: Internet
- The iconic McLaren F1 served as an inspiration for the design of the Speedtail’s driver’s seat, which is built of carbon fiber (via Forbes). Leathers with a lighter grain, both aniline and semi-aniline, are used throughout the cabin. These skins can be individualized with one-of-a-kind stitching designs in a variety of colors according to the customer’s preferences. So if you’re interested in purchasing a Speedtail, you should know that the price tag comes in at a cool $2.2 million. - Source: Internet
- During the 1980s boom, investors frequented auctions, causing prices to skyrocket. When cars were sold, they were commonly shifted to storage for investors intending to eventually profit on their accrued collectors value. The high prices drove enthusiasts away from the market, and cars passed from investor to investor with little or no profit gained.[18] The 1980s boom was followed by 1990s bust, and the values of classic cars plummeted, causing most owners to lose considerable portions of their investment portfolio values.[33] - Source: Internet
- In a secret auction at the brand’s museum in Germany, Mercedes-Benz sold one of just two 1955 300 SLR Uhlenhaut coupes from its extensive collection of historical automobiles—which dates back to the earliest days of the car in the late 19th century. The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby’s. - Source: Internet
- The McLaren Speedtail is a hybrid sports car that will only be produced in a limited quantity (via Hot Cars). It is the fourth model to join the McLaren Ultimate Series. The vehicle is also a component of McLaren’s Track25 business plan, according to which the company will debut 18 new hybrid cars or derivatives by the year 2025 and will transition to an entirely hybrid fleet by that same year, CNET reported. - Source: Internet
- The market began in the 1970s when used Ferraris were exported to Italian exotic car dealers in the United States who were willing to buy every vehicle which they were offered. During the 1973 oil crisis (when prices of exotic cars plummeted rapidly), almost new and top-of-range models frequented in used car lots, a Lamborghini Miura could be bought for $15,000 at the time.[31] A 1960 Ferrari 250 GT SWB California Spider that went on to sell for $4,950,000 in 2009 was offered for sale in the June 1964 issue of Road & Track for US$10,500 (equivalent to $92,000 in 2021), in the April 1976 issue of Hemmings Motor News, the same car was offered at US$16,750 (equivalent to $80,000 in 2021).[32] After a period of ups and downs in the 1970s and early 1980s, interest rates eased, meaning highly desirable exotic cars whose decals once frequented bedroom walls of collectible car fans suddenly became affordable.[31] - Source: Internet
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