Only 47 cars have ever sold for more than $10 million at public auction with the world record $48 million paid for a 1962 Ferrari 250 GTO.
Only 47 cars have ever sold for more than $10 million at public auction. Ferrari is the most-expensive car marque with 250 models especially highly priced. Nearly two-thirds of the cars selling for more than $10 million are Ferraris (28) followed by Aston Martin with four while Mercedes Benz, Duesenberg, Jaguar, Porsche, McLaren, and Alfa Romeo each having two cars on the list. The other brands having sold for seven figures plus are Bugatti, Ford and Shelby. In 2008, a 1961 Ferrari 250 GT SWB California Spider was the first car to break the $10 million barrier but most of the $10 million results are more recent: 6 in 2014, 11 in 2015, and 9 in 2016 but only 6 in 2017 and 4 thus far in 2018 (end August). Only eleven cars have ever sold for more than $20 million with the record $48 million for a 1962 Ferrari 250 GTO sold by RM Sotheby’s in 2018.
See also the Top 10 prices paid per annum in recent years.
List of Cars Selling for $10 Million Plus
The following cars sold at public auction for $10 million or more:
|Year||Car||Price $||Auction House||Auction||Auction Date|
|1||1962||Ferrari 250 GTO||48,405,000||RM Sotheby’s||Monterey||2018|
|2||1962||Ferrari 250 GTO||38,115,000||Bonhams||Quail Lodge||2014|
|3||1957||Ferrari 335 Sport by Scaglietti||35,711,359||Artcurial||Paris||2016|
|4||1954||Mercedes Benz W196R Formula 1 Racing Single-Seater||29,650,095||Bonhams||Chichester – Goodwood Festival of Speed||2013|
|5||1956||Ferrari 290 MM by Scaglietti||28,005,000||RM Sotheby’s||New York||2015|
|6||1967||Ferrari 275 GTB/4*S N.A.R.T. Spider by Scaglietti||27,500,000||RM||Monterey||2013|
|7||1964||Ferrari 275 GTB/C Speciale by Scaglietti||26,400,000||RM||Monterey||2014|
|8||1956||Aston Martin DBR1||22,550,000||RM Sotheby’s||Monterey||2017|
|9||1935||Duesenberg SSJ||22,000,000||Gooding||Pebble Beach||2018|
|10||1955||Jaguar D-Type||21,780,000||RM Sotheby’s||Monterey||2016|
|11||1963||Aston Martin DP215 Grand Touring Competition Prototype||21,455,000||RM Sotheby’s||Monterey||2018|
|12||1939||Alfa Romeo 8C 2900B Lungo Spider by Touring||19,800,000||RM Sotheby’s||Monterey||2016|
|13||1961||Ferrari 250 GT SWB California Spider||18,649,760||Artcurial||Paris||2015|
|14||1954||Ferrari 375-Plus Sports-racing Two-Seat Spider Competizione||18,309,614||Bonhams||Goodwood Festival of Speed||2014|
|15||1959||Ferrari 250 GT LWB California Spider Competizione||18,150,000||Gooding||Pebble Beach||2016|
|16||1959||Ferrari 250 GT LWB California Spider Competizione||17,990,000||RM Sotheby’s||New York||2017|
|17||1964||Ferrari 250 LM by Scaglietti||17,600,000||RM Sotheby’s||Monterey||2015|
|18||1961||Ferrari 250 GT SWB California Spider||17,160,000||Gooding||Amelia Island||2016|
|19||1961||Ferrari 250 GT SWB California Spider||16,830,000||Gooding||Pebble Beach||2015|
|20||1962||Ferrari 250 GT SWB Berlinetta Speciale||16,500,000||Gooding||Pebble Beach||2015|
|21||1957||Ferrari 250 TR||16,390,000||Gooding||Pebble Beach||2011|
|22||1995||McLaren F1||15,620,000||Bonhams||Quail Lodge||2017|
|23||1961||Ferrari 250 GT SWB California Spider||15,180,000||Gooding||Pebble Beach||2014|
|24||1966||Ferrari 275 GTB/C||14,520,000||Gooding||Pebble Beach||2017|
|25||1962||Aston Martin DB4 GT Zagato||14,300,000||RM_Sotheby’s||New York||2015|
|26||1964||Ferrari 250 LM by Carrozzeria Scaglietti||14,300,000||RM||New York||2013|
|27||1970||Porsche 917K||14,080,000||Gooding||Pebble Beach||2017|
|28||1998||McLaren F1 “LM-Specification”||13,750,000||RM Sotheby’s||Monterey||2015|
|29||1962||Shelby 260 Cobra CSX 2000||13,750,000||RM Sotheby’s||Monterey||2016|
|30||1960||Ferrari 250 GT SWB Berlinetta Competizione||13,500,000||Gooding||Pebble Beach||2016|
|31||1961||Aston Martin DB4GT Zagato ‘2VEV’||13,315,899||Bonhams||London||2018|
|32||1956||Ferrari 250 GT SWB Berlinetta Competizione “Tour de France”||13,200,000||RM Sotheby’s||Monterey||2015|
|33||1953||Jaguar C-Type Works Lightweight||13,200,000||RM Sotheby’s||Monterey||2015|
|34||1953||Ferrari 340/375 MM Berlinetta ‘Competizione’ by Pinin Farina||12,812,800||RM||Villa Erba||2013|
|35||1957||Ferrari 250 Testa Rossa||12,402,500||RM||Maranello||2009|
|36||1933||Alfa Romeo 8C 2300 Monza||11,990,000||Gooding||Pebble Beach||2016|
|37||1936||Mercedes Benz 540K Spezial Roadster||11,770,000||Gooding||Pebble Beach||2012|
|38||1964||Ferrari 250 LM by Scaglietti||11,550,000||RM||Monterey||2014|
|39||1960||Ferrari 250 GT SWB||11,440,968||H&H||Duxford||2015|
|40||1960||Ferrari 250 GT LWB California Spider||11,275,000||Gooding||Pebble Beach||2012|
|41||1968||Ford GT40 Lightweight||11,000,000||RM||Monterey||2012|
|42||1961||Ferrari 250 GT SWB California Spider||10,894,900||RM||Maranello||2008|
|43||1932||Bugatti Type 55 Roadster||10,400,000||Gooding||Pebble Beach||2016|
|44||1931||Duesenberg Model J Long-Wheelbase Coupe||10,340,000||Gooding||Pebble Beach||2011|
|45||1967||Ferrari 275 GTB/4 by Scaglietti||10,175,000||RM||Monterey||2014|
|46||1982||Porsche 956||10,120,000||Gooding||Pebble Beach||2015|
|47||2017||Ferrari LaFerrari Aperta||10,043,000||RM Sotheby’s||Maranello||2017|
Note: Definitions vary – only results from traditional public auctions are included. No claims for accuracy. Only nominal figures are considered. Wikipedia has a list with adjusted prices.
Ten-Million-Plus Dollar Cars at Public Auction
The first car to have sold for more than $10 million at public auction was a 1961 Ferrari 250 GT SWB California Spider sold by RM Auctions in Maranello in 2008 for $10.9 million – a dollar price helped by a relatively strong euro at the time of the sale. This car took the record of most-expensive car in the world away from a 1931 Bugatti Royale Kellner Coupe that Christie’s sold for $9.8 million in 1987. The Bugatti held the record as most-expensive car for more than two decades.
A year later, RM again increased the price-barrier by selling a 1957 Ferrari 250 Testa Rossa for $12.4 million.
Only in 2011 was the $10 million limit again broken when Gooding sold a 1931 Duesenberg Model J Roadster for $10.3 million and showed that a works Scuderia Ferrari 1957 Ferrari 250 Testa Rossa is worth more than a privateer car – the new record price was set at $16.4 million.
In 2012, three cars sold for more than $10 million – again a Ferrari but also a Ford and Mercedes Benz.
In 2013, four cars sold for more than $10 million. A 1954 Mercedes Benz W196R Formula 1 racing car almost doubled the record price when Bonhams achieved $29,650,095 at the Goodwood Festival of Speed sale in the UK. RM Auctions sold a 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider by Scaglietti for $27.5 million at Monterey – still the most-expensive regular road-going car ever.
In 2014, six cars sold for more than $10 million. Bonhams again increased the record price when it achieved $38,115,000 for a 1962/3 Ferrari 250 GTO at Quail Lodge – it kept the world record price until 2018. RM Auctions achieved $26.4 million for a 1964 Ferrari 275 GTB/C Speciale by Scaglietti – only the fourth car to sell for more than $20 million.
In 2015, eleven cars sold for more than $10 million. A 1956 Ferrari 290 MM sold for $28 million at the RM Sotheby’s Driven by Disruption sale in New York, as only the fifth car ever to sell for more than $20 million. Aston Martin, Jaguar, McLaren and Porsche joined the list of marques having sold for more than $10 million at public auction.
In 2016, a 1957 Ferrari 335 Sport sold for $35,711,359 at the Artcurial Paris Rétromobile auction as only the second car ever to have sold for over $30 million. In euro terms, it was at the time of sale the most expensive car ever – it cost €32 million versus the €28.5 million the GTO cost at the time of sale in 2014.
Several new marques and records were added in 2016: Jaguar (most-expensive British car at the time), two Alfa Romeos, a Bugatti, and a Shelby.
In 2017, only six cars were added to the list – none are from new brands in the $10 million plus group but new marque records where set for Porsche, McLaren and Aston Martin with the 1956 Aston Martin DBR1 setting a new British car record at $22,550,00 at the RM Sotheby’s Monterey sale. A 2017 Ferrari LaFerrari sold as a charity lot in the RM Sotheby’s Maranello Ferrari sale as the most-expensive 21st-century car thus far, and the most-expensive new car sold at public auction.
In 2018, four cars sold for over $10 million including three results over $20 million. A 1962 Ferrari 250 GTO sold $48,405,000 at the RM Sotheby’s Monterey 2018 sale to increase the highest price ever paid for a car at auction by $10 million. A 1935 Duesenberg SSJ sold for $22 million at Gooding Pebble Beach as the most-expensive American car ever and the most-expensive pre-war car ever. Two Aston Martins joined the list to become the second most common brand after Ferrari on the list of the most-expensive cars in the world.
Over $10 Million Classic Cars
Ferraris are the most-expensive cars in the world with nearly two-thirds of the cars that have sold for more than $10 million at public auction coming from Maranello. Mercedes Benz, Jaguar, Porsche, McLaren, Aston Martin and Alfa Romeo are the only other brands with more than one car having sold for more than $10 million.
At the start of 2018, the car brands selling for more than $10 million were:
- 28 – Ferrari
- 4 – Aston Martin
- 2 – Duesenberg
- 2 – Mercedes Benz
- 2 – Jaguar
- 2 – Alfa Romeo
- 2 – McLaren
- 2 – Porsche
- 1 – Bugatti
- 1 – Ford
- 1 – Shelby
250 is the magic model number – 19 of the most-expensive cars ever were Ferrari 250 models in various model variants.
Almost all cars achieving more than $10 million at public auction were built during the 1950s and 1960s. The period 1953 to 1964 is especially highly (ap)praised.
Six $10-million cars date from the pre-War period: a 1935 Duesenberg SSJ, a 1939 Alfa Romeo 8C 2900B Lungo Spider, a 1933 Alfa Romero 8C 2300 Monza, a 1932 Bugatti Type 55 Roadster, a 1931 Duesenberg Model J Roadster and a 1936 Mercedes Benz 540 K Spezial Roadster – still the most-expensive German passenger car ever.
Only five $10-million cars are newer than the 1960s: a Le Mans-winning 1982 Porsche 956, the 1970 Porsche 917K, two McLaren F1 sports cars and the 2017 Ferrari LaFerrari Aperta. No $10 million car is from pre-1930.
Top Classic and Collectors Car Auction Houses
Most million-dollar cars are sold by RM Sotheby’s, Gooding and Bonhams and these three also dominate the $10-million-plus market.
The battle of the auction houses for selling $10-million-plus cars shapes out as follows (August 2018):
- 23 – RM Sotheby’s (including 9 by RM Auctions prior to early 2015)
- 16 – Gooding
- 5 – Bonhams
- 2 – Artcurial
- 1 – H&H
The Monterey classic car week in mid-August in California generally is the best time for high auction prices. Two-thirds of the $10-million-plus results were achieved at these auctions that include Monterey (RM Sotheby’s), Pebble Beach (Gooding) and Quail Lodge (Bonhams). Only a quarter of the $10-million-plus cars were sold at auctions outside the USA.
This listing takes only nominal prices into account. If adjusted prices are used, probably only four further cars would be added to the list of cars selling for more than $10 million:
- 1931 Bugatti Royale Kellner Coupe that Christie’s sold for $9.8 million in 1987 would be around $20 million in today’s money. If it comes up for auction now, it would probably fetch a lot more than “just” $20 million.
- 1931 Bugatti Royale Berline de Voyage that Kruse sold for $6.5 million in 1986 would be around $14 million in current money.
- 1962 Ferrari 330 TRI/LM Spider that RM Auctions sold for $9.3 million in 2007 would be around $10.6 million adjusted.
- 1937 Mercedes Benz 540K Spezial Roadster that RM Auctions sold for $9.7 million in 2011 would be $10.2 million today.
The listing also exclude non-traditional auctions, e.g. a 1965 Ferrari 275 GTB Competizione Clienti sold for a reported $12 million a the Rick Cole online auction during Monterey week 2014.
For a More Detailed Description of These Cars See
- Cars Sold for Over $20 Million – The Most-Expensive Cars Ever
- Cars Sold for $15 to $20 Million – mostly Italian (but not only Ferraris) and a Brit
- Cars Sold for $12 to $15 Million – including the most-expensive American car ever
- Cars Sold for $10 to $12 Million – a mixed bunch of great marques