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1955 Mercedes-Benz 300 SLR “Uhlenhaut Coupé” This car pictured above is the most expensive and most valuable car ever sold. It sold for $143 Million on May 20, 2022 1963 Ferrari GTO The photo above of the Ferrari 250 GTO is obviously what many collectors will call the holy grail of classic car colleting. On June 4, 2018, this car sold for a record price of any car ever at auction at $70,000,000. To the right you will notice the blue 1964 Aston Martin DB5 which was just sold at auction in Pebble Beach, California, on August 17, 2014 at the Goodings & Company event for $1,485,000. This is of interest to me especially since when I lived in Sausalito, California in 1981 a British racing green version of this same car came to my attention because a friend of mine was offered to buy this car from a famous artist for less than $10,000 because of his frustration with the car. I personally checked the car out and at the time I figured the low ball wholesale on this vehicle was around $20,000. She of course bought and resold it right away for a small profit. Even though one could buy a small 2 bedroom condominium in Sausalito for just over $100 thousand back in 1981 which might sell today for at least six times that. This was quite an investment for all involved because this car has appreciated by nearly 75 times of the then low wholesale value of $20,000. Even with storage, maintenance fees, insurance costs this type of investment would be better than buying Apple stock during that same time period. In summary that is what this web site is about. It is designed to educate the serious or not so serious collector or vintage car investor about these most interesting markets and latest trends. We will stay focused from month or sooner if necessary of what is happening in this very exciting market. |
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