Thanks Ferrari: A $301 million auction

Thanks Ferrari: A $301 million auction

Published: Monday, 19 Aug 2013 | 12:19 PM ET

Darin Schnabel | RM Auctions

The Ferrari 275 GTB/4*S NART Spyder was one of only 10 of its kind ever built.

The Ferrari craze continued this weekend at Concours D’Elegance Pebble Beach.

A rare 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider handled by RM Auctions in Monterey sold for $ 27.5 million. The latest blockbuster bid is a record for Ferrari and becomes the second most expensive car ever sold at auction. One of only 10 made, the N.A.R.T. was estimated to sell between $ 14 million and $ 17 million.

(Read more: Rare 1967 Ferrari fetches $ 27.5 million at auction)

Total sales for this weekend’s auction at Pebble Beach reached a record breaking $ 301 million, according to vintage auto insurer Hagerty Insurance. This surpassed last year’s sales of $ 265 million.

(Read more: Highlights from the Pebble Beach Councours d’Elegance)

Here are the top 10 biggest sellers from this weekend:

Overall Top 10 Sales from all auctions

Rank Car Sold Auction House
1 1967 Ferrari 275
GTB/4*S NART Spyder
$ 27,500,000 RM Auctions
2 1957 Ferrari 250
GT TdF Berlinetta
$ 9,460,000 Gooding & Co.
3 1953 Ferrari 375
MM Spyder
$ 9,075,000 RM Auctions
4 1937 Bugatti Type
57SC Atalante
$ 8,745,000 Gooding & Co.
5 1997 McLaren F1 Coupe $ 8,470,000 Gooding & Co.
6 1928 Mercedes-Benz
680S Torpedo Roadster
$ 8,250,000 RM Auctions
7 1939 Mercedes-Benz
540K Special Roadster
$ 7,480,000 RM Auctions
8 1955 Ferrari 250 GT
Competizione Berlinetta
$ 7,150,000 Gooding & Co.
9 1948 Alfa Romeo 6C 2500
Competizione Coupe
$ 4,840,000 Gooding & Co.
10 1931 Bentley 4.5-Litre
Supercharged Le Mans Roadster
$ 4,647,500 Bonhams

Source: Hagerty

—By CNBC’s Robert Frank. Follow him on Twitter @robtfrank.

Total sales for this weekend’s auction at Concours D’Elegance Pebble Beach reached a record breaking $ 301 million, according to Hagerty.

High Net Worth


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