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News and Information about auction

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Phil Hill's 1962 Ferrari 250 GTO grabbed for $48.4 million at RM Sotheby's auction in Monterey

Spending more than $40 million for a used 56-year old car is totally absurd. But it wouldn’t be weird at all if that car is a Ferrari 250 GTO that was driven by Phil Hill, the only American-born driver who has a Formula 1 crown. Just recently, a 1962 Ferrari 250 GTO was sold at $48,405,000 at RM Sotheby’s auction sale in Monterey, California.

The auction started when the 1962 Ferrari 250 GTO -- – with the chassis number 3413 GT -- was driven on the stage by Derek Bell, himself a legend for winning the Le Mans 24 Hours five times. The sale was conducted by auctioneer Maarten ten Holder, who started the bidding at $35 million. The bid price quickly jumped to $40 million, and then slowly climbed itself up -- with increments of $250,000. When the bid price reached $44 million, nobody dared to top the amount, and the hammer was banged.

Final bid price for the 3413 GTO was $44 million, but the addition of buyer’s fee and other taxes pushed the total price to $48.4 million. It was sold to a major car collector based in the United States. The seller was former chief software architect at Microsoft, Greg Whitten, who is also known for being a Ferrari enthusiast and vintage car driver. Whitten had been the owner of the 3413 GTO since 2000. He has shown it at a number of vintage motorsport events, including four GTO anniversary tours.

Read the entire article Phil Hill's 1962 Ferrari 250 GTO grabbed for $48.4 million at RM Sotheby's auction in Monterey

Ford is investigating Mecum auction for illegally selling 2017 Ford GT

In 2017, actor and wrestling legend John Cena got in trouble when he purchased a brand new Ford GT, and then decided to sell it to another buyer. Because of this, Ford sued Cena for half a million dollars for violating the contract that stipulated that any Ford GT owner must not sell the unit within two years after purchasing it.

Cena decided to countersue Ford and this case is presently winding its way through court. Now, it seems like someone has not gotten the memo, as Motor Authority has noticed that a new Ford GT was put up at the Mercum auction block in Indianapolis this week. Of course, Ford had already begun investigating the situation.

Ford has revealed that they are aware of this and that they are looking into the situation. However, they will not comment on individual customer matters. Ford spokesman Matt Leaver pointed out that Ford GT customers come in to sign contracts, which include an agreement to not sell the car for at least two years.

Read the entire article Ford is investigating Mecum auction for illegally selling 2017 Ford GT

Last Dodge Demon and Viper will be auctioned off on June 20

If you are a huge fan of the Dodge Viper and the Dodge Challenger SRT Demon but never had the chance to get your hands on any, there is going to be one last chance for you to get your hands on not one but both of them. This is because in June, Dodge will release the final examples of the Dodge Viper and the Dodge Challenger Demon at the Barrett Jackson auction in Uncasville, Connecticut.

The reason why I said that you could get your hands on both is because of the fact that both models will be auctioned as a pair, so you are out of luck if you could only afford one. When combined, the Viper and the Demon will have an output of $1,485 horsepower. In fact, Dodge calls the auction “The Ultimate Last Chance”, so get your check books out.

Head of Passenger Car Brands, Dodge/SRT, Chrysler, and Fiat - FCA North America, Steve Beahm, even stated that it is close to impossible for an avid collector to have both the Dodge Viper and the Dodge Challenger Demon in his garage because these models are just so difficult to get your hands on, considering that they sell out even before the automaker begins production of these.

Read the entire article Last Dodge Demon and Viper will be auctioned off on June 20

Limited edition Ford Mustang Iacocca is up for grabs at Barrett-Jackson Palm Beach 2018 sale

Not a lot may have heard of Lee Iacocca, but we are pretty sure that you all know of his creation - and that would be none other than the Ford Mustang. Iacocca was the former Ford executive that turned the former concept into a reality. Not only did he turn the Mustang into production, but he also groomed it into the icon that we know it today.

To celebrate this, Ford and Galpin decided to come up with a special Mustang to celebrate the nameplate’s 45th anniversary. They named the unique version the Iacocca Silver Edition Mustang, and guess what? It will be sold off this April.

The rear wheel drive sports car will be put up for auction at the Barrett Jackson Palm Beach 2018 sale. It will be a rare treat for collectors as this is one of only 45 examples ever built and it comes with a number of unique design and performance elements to boot. This includes a special plaque in the engine bay to signify its rarity.

Read the entire article Limited edition Ford Mustang Iacocca is up for grabs at Barrett-Jackson Palm Beach 2018 sale

At Scottsdale, Arizona, the first 2019 Chevrolet Corvette ZR1 with VIN 001 was sold at the Barrett-Jackson  auction for an impressive amount of $925,000. Every single cent that the automaker got from this auction will be going to the Stephen Siller Tunnel to Towers Foundation, specifically to its Building for America’s Bravest Program.

This foundation was established when the Siller family lost Stephen Siller, on September 11, 2011. He was a firefighter in New York City. This program’s goal is to build smart homes for service members that have been terribly injured and are returning home, as well as first responders. These homes are not only efficient, automated, and easily accessible, but they can also be personalized to the individual’s needs.

As mentioned earlier, the Chevrolet Corvette ZR1 is the very first example produced and auctioned. Under its hood is a 6.2 liter LT5 V8 engine that has an output of as much as 755 horsepower (563 kilowatts) and 715 pound feet (969 Newton metres) of torque. The winning bidder can choose whether to get a coupe version or a convertible. The new owner also gets to decide if this will be paired to a seven speed manual transmission with active rev matching or the eight-speed paddle-shift automatic transmission.

Read the entire article First 2019 Chevy Corvette ZR1 has been sold for $925K, proceeds go to charity

It hasn’t been that long since Bugatti introduced the Chiron to the market. In fact, it has only been a little over a year since production of the said model began in late 2016. And already, one owner is already planning to sell his hypercar. So for those of you who are interested, expect to see this 1,479 horsepower (1,102 kilowatt) Chiron at the upcoming RM Sotheby’s Paris auction next year.

This particular model was one of the first 20 Chirons to be delivered to their first owner, when it was brought to him during the second quarter of 2017 as one of the 18 examples delivered. Having said that, this car is pretty much brand new.

It has only been driven less than 621 miles (1,000 kilometers), and half of that number comes from test drives by the manufacturer. The auction house estimates that this car could sell for about 3.2 million to 3.6 million euros ($3.8 to $4.3 million). While that is quite a huge increase over the $3 million MSRP, it’s an awesome opportunity for any collector of rare models.

Read the entire article Bugatti Chiron already going on auction in Paris

One of the legends of the automotive tuning world will be auctioned off at the upcoming 2018 Tokyo Auto Salon in January. We’re talking about the Top Secret V12 Toyota Supra (TS8012V) that boasts of a power that surpasses most of the vehicles of today. It surpasses even the upcoming Supra. The asking price has not been listed but it is expected that this hotshot icon would be worth a lot.

This Toyota Supra was created in 2006 as the TS8012V project by speed-chasing legend Kazuhiko "Smokey" Nagata, founder of Japanese tuning company Top Secret. Interestingly, the TS8012V came to life simply because Nagata was bored and cannot wait for the next generation of the Nissan GT-R, the R35. This sheer boredom spurred Nagata to take matters into his own hands and started the TS8012V project out of a 1994 Toyota Supra.

Intended to become one of Top Secret’s most extreme cars, the TS8012V is powered by an engine that isn't originally its own. During the time the TS8012V was being conceptualized, the most common way to upgrade the power of a car was to tweak its engine. But Nagata didn’t want to tune the Supra’s 3.0-liter 2JZ-GTE I6 and instead swapped it with the 5.0-liter 1GZ-FE V12 mill of the Toyota Century limousine.

Read the entire article Legendary Top Secret V12 Toyota Supra is up for auction at 2018 Tokyo Auto Salon

Lancia Stratos has long been recognized to be an Italian motorsport icon. Even if it was a road-going rally car, it was accredited to be part of the World Rally Championship held in 1974. Not only did it win the Group 4 championships on its first year but also won the two years after that. Under the homologation standards, it was important that 500 units be scheduled for production. However by 1978, only 492 such units rolled off the production line.

Like any limited production models, finding a well-kept unit is not only almost impossible. But when one is available, it is shockingly expensive. Those who are looking for a Lancia Stratos are in luck as a pristine version of this rare rally car has recently been listed on Bring a Trailer. This website is a platform to sell classic and vintage cars online.

As of this writing, the highest bid for the 1974 Lancia Stratos HF Stradale stands at $360,000. There are still five days left for the auction so there remains the possibility of the price going up.

Read the entire article 1974 Lancia Stratos HF Stradale up for grabs

The very first of the 2018 Rolls-Royce Phantom has just rolled off the production line. And guess what? It will be put on auction at the 2018 Naples Winter Wine Festival. The example looks quite similar to the Phantom that we saw at the HR Owen showroom in London in terms of the colour scheme, but it looks much cooler.

The wine event will take place next month from January 26 to 28 at the Ritz-Carlton Golf Resort in Naples, Florida. And all proceeds that will be earned from the festival will go to the Naples Children & Education Foundation.

The first example of the Phantom sits on a standard wheelbase, it is painted in a Belladonna Purple hue that contrasts with the Arctic White and Tailored Purple Bespoke interior. The model that will go on sale is what is referred to as the Phantom Ultimate Power Lot. To add to that, it gets the opportunity to be part of the 2019 ROBB Report Car of the Year. It will be sold together with the collection of wines from Alpha Omega, a winery in Napa valley. The organisers behind this event describes it as the ultimate experience for the luxury motoring and wine lover.

Read the entire article First-ever 2018 Rolls Royce Phantom will go under the hammer at Naples Festival

On December 4, Lamborghini is scheduled to release the very much awaited Urus SUV, and a few days after that, an LM002 by the Italian automaker will be put up for auction by RM Sotheby’s at the New York Icons. The automaker says that the model will be sold by almost double the amount of the Urus, at $400,000 to $500,000.

Between 1986 and 1993, Lamborghini only produced 301 units of the LM002 production model, and only 48 of those were specifically made for the United States with the LM/American spec. This particular unit that will be auctioned off is actually one of them. Originally, it came with a price tag of $158,000, and it features a red interior and a black exterior.

Apart from this being a rare model, the LM002 also recently went through a restoration that lasted for five years - the whole package cost $325,000. One of the few things included in the package would be the new Pirelli Scorpion tires that are the same as those on the original SUVs. It had been installed with a modern Alpine stereo with Bluetooth as well. Even though the LM002 is decades old, it still has its original factory tool kit, as well as the assorted books and manuals.

Read the entire article You could score this rare US-spec Lamborghini LM002 at RM Sotheby’s auction

The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon 65 Edition Coupe. This January 2018, the very first retail production example of the Corvette Carbon 65 Edition coupe will be placed under the hammer at the Barrett-Jackson auction in Scottsdale, Arizona.

This upcoming auction of the first Corvette Carbon 65 Edition coupe has a lot of meaning behind it, aside from the fact that it forms part of the nameplate’s 65th anniversary celebrations. Chevrolet, along with parent GM, is teaming up with the George W. Bush Presidential Center to honor as well as support military veterans who have served and made sacrifices for the safety, security and freedom of the citizens of the United States.

Proceeds of the car’s auction will be used for the benefit of the Bush Center’s Military Service Initiative. Its main goal is to ensure that post-9/11 veterans and their families successfully transition to civilian life. GM noted that it employs more than 6,000 veterans and that over 50,000 of its retirees are veterans.

Read the entire article GM and Chevrolet to auction off first Corvette Carbon 65 Edition in January 2018

What is the worst thing that could happen to your car? Well, probably if it gets burned down into ashes, because that’s equivalent to throwing away a huge amount of money, as nothing will be left of it. The next worst thing is probably having a huge piece of metal stab through your car just like that in scenes of a Final Destination movie.

My next question is, are you thinking of getting yourself a Bentley Mulsanne? Well, if you are, there is actually a 2011 model that is currently up for grabs. But it is unlike any other Mulsanne that you have seen out there, because it comes with a special accessory.

We actually don’t want to imagine what happened to this particular car and if there were any casualties. But it seems like it had hit the guardrail, real hard.

Read the entire article Bidding starts at $13,100 for impaled 2011 Bentley Mulsanne

Steve Jobs has left a lot of things for us to enjoy in this world. In fact, a huge percentage of the world’s population probably owns at least one of his creations. Not only is the guy known as a genius, he left a mark in the modern world, as he inspired a lot of people through his talent and the products he developed - from the very first boxy Macintosh, to the simple, user-friendly iPhone. Now, there is one thing that Jobs owned that you can keep in your garage if you wish. It’s not the very first computer he made, if that’s what you’re thinking. It’s even better; it’s a 2000 BMW Z8 finished in Titanium silver with only 15,200 miles on its odometer that you will find on RM Sotheby’s listing.

The story behind this car is that CEO of Oracle, Larry Ellison, told Jobs to buy a Z8 because it was apparently the pinnacle of auto engineering at that time. Jobs believed him and ordered the 67th example of the BMW Z8 that was specially assembled for him, which was delivered on October 6, 2000. It came with a silver exterior and a black leather interior. Inside, it came with a BMW branded Motorola car phone. Of course, that was before the first iPhone was introduced in the mobile market.

In the year 2000, the Z8 was the company’s halo product, where its selling point was that it took design cues from the late 1950s BMW 507. All in all, the company built a total of 5,703 units during the production run, and 2,543 of those were reportedly exported to the United States. The Z8 came equipped with a 4.9-liter V8. Production was then taken over by Alpina, where they did some mechanical tweaks like adding an automatic gearbox, helping it produce 555 horsepower.

Read the entire article Who wants to buy Steve Jobs’ 2000 BMW Z8 for $400K?

From 2013 to 2015, only 918 examples of the Porsche 918 Spyder hybrid hypercar were built, and each one of them has an asking price of about $847,000. Among all the examples, there’s nothing like this factory-finished VooDoo Blue unit. That’s why when this unique model was announced to be put up for auction, not a few collectors and auto aficionados paid attention.

This 918 hypercar will soon be brought to the Barrett-Jackson Las Vegas sale alongside the Shelby GT500 Super Snake, as well as a Clarion Builds Acura NSX. Currently, Barrett Jackson has not listed the price of the 918, but with its rarity, it will easily go over seven figures. It is not just the VooDoo Blue paint job that makes it special. It also has Martini livery in black, white and grey that reminds you of the legendary Le Mans race cars, a nice set of silver wheels, and a glossy black rear wing.

A couple of 918 Spyders have been painted in Porsche’s standard Mexico Blue shade, but do not mistake that for the VooDoo blue. There’s a distinct difference and if you ask us, the latter definitely stands out more.

Read the entire article Barrett-Jackson auction offers one-off VooDoo Blue Porsche 918 Spyder

The Ferrari 812 Superfast may be one of the fastest cars you’ve seen or will ever see in the automotive industry. Given its 6.5 liter V12 engine, the Superfast can carry out as much as 800 horsepower (588 kilowatts) and 530 pound feet of torque. It can also do the 0-100 kilometers per hour sprint in just 2.9 seconds before hitting its 211 miles per hour (340 kph) maximum speed. But the reason why it can perform that well, and fast is because of its sleek design.

Ignacio Albera was the man behind the 812 Superfast when it comes to the design. The model first made its debut earlier this year at the 2017 Geneva Motor Show as the successor of the F12Berlinetta. This example went through several and extensive aerodynamic testing that includes going through the wind tunnel, and now the company is putting this scale model up for auction as it heads to the RM Sotheby’s Leggenda E Passione sale.

The 812 Superfast scale model that is being offered to the public does not have the V12 engine. It also doesn’t have the drivetrain and the steering wheel. This scale model had been finished in hand-sculpted carbon fiber and some “prototype materials”. So why would history buffs and collectors want it? This half-scale model was used when the 812 Superfast car was being developed. That included testing of computational fluid dynamics results in the wind tunnel. Furthermore, it maintains its original modularity that was used to optimize the aerodynamic properties of the body.

Read the entire article Ferrari 812 Superfast wind tunnel scale model will be auctioned off

We have just witnessed the sale of the most expensive McLaren F1 to date. Over the weekend, at the 2017 Pebble Beach Concours in Monterey, the Bonham auction took place. And the first ever 1995 McLaren F1 that had been imported to the United States had been put up for auction, and was brought home by its new owner, who offered $14.2 million for it. This price does not yet include ten percent buyer’s fee, which means that it was sold off for a grand total of $15.62 million.

The car is looking good as new, and was offered by its original owner. Under the hood is the 6.1 liter V12 that it originally came with, paired with a six-speed manual transmission. This enables the F1 to yield 627 horsepower (467 kilowatts) that can sprint from 0 to 60 miles per hour (96 kilometers per hour) in only 3.2 seconds, before continuing to its max speed of 242.9 miles per hour (391 kilometers per hour).

Looking at it from the outside, it is dressed in a matte silver finish. While the inside cabin is finished in black and grey Connolly leather. As I have mentioned earlier, this example is almost as good as new with only 9,600 miles (15,449 kilometers) on its odometer since it got out of the factory. The only thing is that the fuel cell had been replaced twice already and it has gone through some minor wear and tear.

Read the entire article Bonham auction has sold off first U.S. McLaren F1 for $15.62 million

The 2010 Koenigsegg CCXR Trevita is a very rare supercar. After all, while three examples were planned for this supercar model, only two examples were realized. Just recently, this rare Koenigsegg CCXR Trevita was sold in an auction supervised by Mecum Auctions. With an auction estimate of between $2.7 million and $3 million, Mecum Auctions was able to sell this rare supercar for $2.6 million.

Interestingly, the original owner of this rare supercar was no other than Floyd Mayweather, who is considered as one of the greatest in the sport of boxing. His love of the sports has allowed him to earn hundreds of millions of dollars. For those who don’t know Mayweather aside from him being a first-class professional boxer, the undefeated sportsman also has another love – cars. With hundreds of millions of dollars at his disposal, it is fairly easy for Mayweather to purchase exotic cars like those built Ferrari, Lamborghini, Rolls-Royce and Bugatti as well as a Koenigsegg.

Mayweather used to own this very rare supercar – the 2010 Koenigsegg CCXR Trevita. It cost him around $4.8 million to buy this supercar back then, making it ridiculously pricey and exotic. This price is fairly logical, considering the exclusiveness, level of craftsmanship, technology and design that went into the Koenigsegg CCXR Trevita.

Read the entire article Floyd Mayweather’s Koenigsegg CCXR Trevita sells in auction for $2.6 million

Today, it is the new Ford GT that people are talking about. The model packs 647 horsepower (482 kilowatts) and comes with a hefty price tag of $500,000 - definitely a car many people want but can't afford. But even with all the hype it’s getting, it cannot compare to the first ever Ford GT40 Roadster that was ever built. That fact alone makes it extra special, but even more because it is completely original and is good as new.

The best part is that it is on sale, and we are confident that it won't last very long in the second hand market before it’s snatched up. The roadster is currently being sold on Classic Driver by way of Girardo and Co. It is one of only six prototypes built. This is actually the last one with all-original parts, which include the 4.2 liter V8.

On the outside, it has an off-white livery contrasted with blue racing stripes down the middle. To match this livery, it had been given a set of 6.5-inch Borrani wire wheels at the front, and eight inches at the rear. The wheels can be seen wearing Goodyear racing tires. This 1965 GT40 comes with a great history too, as it had been driven by world champion Jim Clark and inspected by Ronnie Spain, a GT40 expert.

Read the entire article First ever Ford GT40 Roadster is currently up for grabs

Earlier in July, we talked about the limited run 1987 Ford Sierra Cosworth RS500 that will be put up on auction. This is one of the few models out there that have an impressive car-to-wing ratio. The Cosworth powered Sierra was born in the 1980s when Ford wanted to try the Sierra hatchback in a different setup. Only 500 units of these were made – all of which shared the whale-tail design. Most of them had a black exterior while a few were in white, some in moonstone blue, and only one example was grey.

Under the hood is a 2.0 liter engine that features a Garrett turbocharger, enabling the car to produce 224 horsepower (167 kilowatts) and 204 pound-feet (277 Newton-metres) of torque. It may not be as powerful as the race car variant, but it still is pretty fast for its time. If you did not know, the track-only model can generate an impressive 500 horsepower, and when tuned, can be pushed to 570 horses even.

With the Cosworth-powered engine, the road-going model with a rear wheel drive setup can still beat a lot of cars in our generation. It can attain the 0-62 miles per hour (0-100 kilometers per hour) sprint in just 6.2 seconds, and can continue on to a top speed of 153 miles per hour (246 kilometers per hour).

Read the entire article 1987 Ford Sierra Cosworth RS500 sold at auction for £20,000 higher than estimate price

Whether you’re the artsy type who loves unique cars or you are really into anything that features your favorite food, you’ll go crazy over this BMW i3 that had just been auctioned off to the highest bidder.

Well, let us first give you some history on how this one-of-a-kind car came to be. First of all, the original owner probably got this new model from the dealership for less than $50,000, he then wrapped it in a pattern no one would expect to see. True enough, someone spent €100,000 or around $117,000 for it.

The “Spaghetti Car” is by artists Maurizio Cattelan and Pierpaolo Ferrari, and it was sold at the Fourth Annual Saint-Tropez Gala. The person who took this car home was apparently a Swiss collector who grabbed the car after some “intense bidding”. The package comes with a certificate of authenticity signed by the two artists.

Read the entire article BMW i3 Spaghetti Car is sold to Swiss collector at charity auction for €100,000