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Tuesday, June 29, 2010

Vintage Cars

$30 Million Most Expensive Car

The most expensive car in the world is a cool $30 million art Deco-inspired 1936 Bugatti Type 57SC Atlantic. It has reportedly been sold at auction this week in California for $30 million to an unnamed buyer. This car is taken from the Most Expensive website.

Only three of these Bugatti cars were built. And just two are still around. This car was owned by the late Dr. Peter Williamson, a California neurosurgeon and car collector. The other one is owned by fashion designer Ralph Lauren.

The 1936 Bugatti Type 57SC Atlantic is one of only three of its kind ever produced. Praised for its art deco elegance, the car was considered highly avant garde in its day. It came on to the market following the death of its owner, Peter Williamson, a neurologist and well-known car collector.

A Santa Monica auction house, Gooding and Co, announced the sale and claimed to have set a new record. The firm did not officially release a sale price, although people close to the transaction said the Bugatti had gone for between $30m and $40m. David Gooding, head of the auction house, described the car as "one of the world's most significant and valuable automobiles that has been in a private collection and rarely seen during the past four decades".

The buyer in the deal, which took place last week, was anonymous. Several US reports named the Mullin Automotive Museum, a California collection created by a wealthy executive remuneration expert, Peter Mullin. The museum issued a statement denying that it had bought the vehicle, although it said it had been in discussions with the new owner about displaying the Bugatti to the public.

The previous record for the top-priced car at auction was held by a 1957 Ferrari 250 Testa Rossa, which was bought for €9m (£7.7m) at an auction in Italy in May last year.

Financial experts have predicted that there could be more blockbuster sales to come as ultra-wealthy individuals look for alternative ways to invest their money away from the risky, volatile financial markets.

John Collins, of the British Ferrari dealer Talacrest 2000AD, told Bloomberg News that with interest rates low, affluent buyers were in the market: "They want to buy real assets that have a limited supply and that won't go down in value. Modern art and classic cars are tracking each other at the moment."

1936 Bugatti Type 57SC Atlantic Video

We wonder who has the other two 1936 Bugatti Type 57SC Atlantic cars?

Chris Evans splashes a cool £12 million on Ferrari car

Chris Evans has splashed out on a new car..a cool £12 million ($17 million) on a vintage Ferrari 250 GT SWB California Spyder! It is now the most expensive car bought in Britain.

The 44-year-old Radio 2 DJ, who is known for his admiration of expensive sports cars, sold three Ferraris from his collection to pay for the 1963 model. The car cost £6,000 when it was first sold 47 years ago.

Chris Evans is a huge Ferrari fan and owns a fleet of classic and new models, most of which are white. The list includes a 250GT SWB, a 250 GT Lusso, a 275 GTB quad cam, a 288 GTO, a 308GTS, an F40, a 246 Dino, a 599 GTB, and a new California.

Chris Evans famously paid £5.5 million for a 1961 Ferrari 250 GT California Spyder which used to be owned by Hollywood actor James Coburn.

Only 36 of the 174mph top speed racing cars were made. The car has five manual gears and does zero to 60 in 6.1 seconds.

Vintage Car Collection - Boys and their toys!

A cool collection of vintage cars on one mans drive! The collection includes a Ford Thunderbird, Chevrolet Chevelle, Dodge Coronet Lancer and Pontiac Trans Am amongst other classics. It defies the credit crunch and is a petrol heads dream! Check it out!

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