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After the live auction world's hiatus caused by the COVID-19 pandemic, Gooding & Company made headlines by selling the top two cars at auction in 2021 at its Pebble Beach Auctions: the 1995 McLaren F1, sold for over 20 million dollars, and the 1959 Ferrari 250 GT LWB California Spider Competizione, sold for over 10 million USD.
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.
Velie's M-5 aircraft engine, produced in 1928, produced 65 hp (48 kW) at 1900 rpm on a displacement of 250 cu in (4.1 L) and a 4.125 in × 3.75 in (104.8 mm × 95.3 mm) bore and stroke. Production and development of the aircraft line survived the demise of Velie by several years.
Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. ... The average sale price was ...
If a car has number matching major components it helps define how collectible a car is. Number matching cars typically will have a much greater value than non-number matching cars, because they are much rarer than non-number matching cars, [6] and are seen as a more accurate description of how the car was built. [7] [8]
Barn find – Low-quality classic car; Custom car – Passenger vehicle that has been substantially altered in its appearance; Electric vehicle conversion – Process of converting a vehicle to use electric propulsion; Hot rod – American car with a large engine modified for linear speed; Muscle car – High-performance car
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During that time, he was approached by a prospective buyer who eventually declined the $500,000 sale price, which represented the amount of debt Mecum owed. [3] The company auctioned its 50,000th vehicle in 2008. [6] Mecum Auctions was headquartered in Marengo for years, [7] [6] before relocating to Walworth, Wisconsin in 2011. [8]