Tuesday, August 28, 2018

rich people are spending more for cars, and setting records for how much cash they'll part with for the exact car they want the most

Duesenberg

A 1935 Duesenberg SSJ Roadster also sold Friday at Gooding and Co. for $22 million, breaking the record for the most expensive American car ever sold at auction.
That's what Gooding does, auction ridiculously expensive Duesenbergs.
There were two made for hollywood, with a specially shortened, 125-inch wheelbase and a supercharged straight-eight with double overhead cams, able to produce around 400 horsepower and a top speed of 140 miles per hour. It features a lightweight open-roadster bobtail body produced by LaGrande. This one was owned by Gary Cooper, who sold it to Briggs Cunningham, the other was owned by Clark Gable

It also appears to have become the most expensive American collector car ever sold at auction, eclipsing the very first Shelby Cobra ever made, which sold for $13.75 million in 2016.

Ferrari 250

A Ferrari 250 GTO was sold at RM Sotheby's on Saturday night for a record $48.4 million as part of the Pebble Beach Concours d'Elegance.
It was bought for 5 million 18 years ago. That's a whole lot of profit, but, it's no surprise that a 250 GTO sets, or re-sets the record for the most ever spent on a car

https://www.cnbc.com/2018/08/27/most-expensive-car-ever-sold-at-auction-fetches-48-million.html
http://www.thedrive.com/news/23166/1935-duesenberg-ssj-sells-for-22m-becomes-most-expensive-american-car-sold-at-auction
https://www.autoblog.com/2018/08/27/1935-duesenberg-ssj-record-22-million-gary-cooper-pebble-beach/

2 comments:

  1. The SSJ was sold by the Revs Institute (Miles Collier) to fund new initiatives they are working on.

    https://revsinstitute.org/news/in-selling-his-duesenberg-ssj-miles-collier-will-launch-revs-2-0/

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    Replies
    1. That's a lot of funding! Thanks for the insight!

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