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The 1904 Rolls-Royce 10 hp Two-Seater is currently listed on the Guinness World Records as the most expensive veteran car to be sold, at the price of US$7,254,290 (equivalent to $10,660,000 in 2023), on a Bonhams auction held at Olympia in London on December 3, 2007.
It was the first collector car auction to be televised, and coverage has since continued across several channels. Since 1989, Barrett-Jackson auctions have been held annually at the WestWorld event center in Scottsdale. Additional auction sites were added in the 2000s, including Palm Beach, Florida and Las Vegas, Nevada. The Scottsdale auction ...
Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [ 2 ] [ 3 ] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
Buying a car at auction requires a whole new set of rules and things to watch out for, whether it's a government or law-enforcement auction or one with vintage and high-end cars meant for collectors.
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.
Car of the Week: This Rare 1961 Ferrari Was Made for a Count. It Could Fetch up to $5 Million at Auction. A Pint-Sized Ferrari Testa Rossa J Based on the 1958 Le Mans Original Is Heading to Auction
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