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After the live auction world's hiatus caused by the COVID-19 pandemic, Gooding & Company made headlines by selling the top two cars at auction in 2021 at its Pebble Beach Auctions: the 1995 McLaren F1, sold for over 20 million dollars, and the 1959 Ferrari 250 GT LWB California Spider Competizione, sold for over 10 million USD.
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
The event hosts the Pebble Beach Auctions, which is an auto auction centered around high-end vehicles valued in the millions. [17] In 2022 alone the auction's total sales accounted for $469 million USD.
According to Barrett-Jackson officials, prior to Hagar's sale the highest price paid for a 2015 Ferrari LaFerrari was $3,910,000 in August 2022 at Broad Arrow Group Auctions.
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.
Trump's incoming administration may reverse several Biden-era electric vehicle (EV) policies, including the $7,500 federal tax credit, potentially changing the auto industry by 2025. This could ...
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