Artcurial

Last week we forecast that the 16th car in history would sell at auction for over US$20 million. It didn't happen, but what did occur was even more astonishing. The 1964 Ferrari 250 LM sold for €15,771,200 (US$16,867,298) including buyers premium.

Cars that sell for more than $10 million are rare, but cars that sell for more than $20 million are very special indeed. There have only ever been 64 cars in history that have fetched more than USD $10 million at auction, and just 15 cars that have ever fetched more than $20 million ... and there might be another by the end of the week.

RM Sotheby’s has announced the sale of what may become the most valuable automotive barn find in history: 20 Ferraris consigned to the mercy of time in 1990, unearthed in 2004 when Hurricane Charley collapsed the Florida barn they were housed in.

With the sale of the Shelby Toyota 2000 GT for US$2,535,000 at Gooding & Company's Amelia Island auction on March 5, the Toyota 2000 GT regained its crown as the most expensive Japanese car sold at auction.

The 2021 auction market was quite extraordinary, with unprecedented levels of participation and sales. From cars to colt revolvers to multi-million-dollar NFTs, this sweeping look at the highlights is full of fascinating tales and astonishing prices.

Take one visibly unstable three-wheeler from the 1970s, and give it five times the horsepower and 200+ km/h (124+ mph) top speeds thanks to a screaming superbike motor ... This truly frightening, roided-out Bond Bug has just gone up for auction.

Twelve years ago, this Ferrari 250 GT SWB California Spyder became the world’s most expensive car when it sold more than US$10 million. Now the rare open-topped V12 sports car, which was once owned by Hollywood actor James Coburn, is for sale again.

It requires at least $10 million to buy a Ferrari 250 GT California Spider at auction. Two California Spiders (one SWB, one LWB) will be auctioned during Monterey Car Week this year, and how they fare will be a key indicator for the top end of the market.

Car auctions have made the digital transition far better than most industries, and while we may no longer have the rampant bull market of a few years ago, the collectible car industry looks in better shape than ever. Here's a selection of the more interesting lots that sold in Paris.

Three-time Formula One Champion Ayrton Senna continued to smash records 25 years after his death at Retromobile last weekend, setting new auction price records for a Formula One helmet ($184,340 | €162,000​) and race suit ($110,372 | €97,500​).

Ducati, Honda, Munch and MV Agusta have all broken auction marque records repeatedly in the last few years as 1970s motorcycles have come into vogue. A collection of MV Agusta motorcycles to be auctioned in Paris later this week will almost certainly raise the bar higher again ... maybe much higher.

The Ferrari 250 GTO is the "Holy Grail" for car collectors. All 39 made still exist, and owning one of these exquisite V12 road-registerable racing cars is the ultimate badge of success. With recent unconfirmed private sales of $52M and $70 M, the stage is set for a showdown in Monterey.