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A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
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The Los Angeles Auto Show, also known as the LA Auto Show, is an auto show held annually at the Los Angeles Convention Center in Los Angeles, California, United States. It is open to the public for ten days, filling 760,000 square feet (71,000 m 2) of exhibit space. Since 2006 the event is held in November or December.
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. [1]
That year, a second U.S. auction site was added at the Petersen Automotive Museum in Los Angeles, [10] [58] which ran until 2004. [59] In 2003, Barrett-Jackson opened another annual auction site in Palm Beach, Florida, [6] [60] where it continues as of 2023. [61] It is held annually at the South Florida Fairgrounds, [62] typically in late March ...
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.
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