10 Most Expensive Cars Sold at Auction in 2016

As 2016 comes to a close, it is only in true Borro fashion that we take a look back to see which were the most expensive cars sold at auction this year.

  1. 1937 Mercedes Benz 540 K Special Roadster: $9,900,000

1937 Mercedes Benz 540 K Special Roadster

The January Scottsdale, Arizona sales are considered the kick off for the collector car auction season. RM Sotheby’s got 2016 off to a strong start with this Roadster, setting a new record at $9,900,000. It is an old-school US delivery car and one of the earliest ever made.

9. 1932 Bugatti Type 55 Roadster: $10,400,000

1932 Bugatti Type 55 Roadster

Records were set at the Gooding & Company Pebble Beach sale when this Bugatti was sold for $10,400,00. It was the only Type 55 Roadster ever to have taken part in the Mille Miglia open-road endurance race.

8. 1933 Alfa Romeo 8C 2300 Monza: $11,990,000

1933 Alfa Romero 8C 2300 Monza

Also, featured at the Gooding & Company Pebble Beach sale was the 2300 Monza which sold for $11,990,000, making it the second most expensive pre-war car ever. It was also the winner of the 1947 Sport Nazionale Championship.

7. 1960 Ferrari 250 GT SWB Berlinetta Competizione: $13,500,00

1960 Ferrari 250 GT SWB Berlinetta Competizione

This was 7th car to finish at the Le Mans race in 1960, and still has its original frame work, engine and gear box. It is one of the first competitive Berlinettas ever built, placing its value at $13,500,00 when it sold at the Gooding & Co Pebble Beach auction.

6. 1962 Shelby 260 Cobra: $13,750,000

1962 Shelby 260 Cobra

This year, the 260 Cobra became the most-expensive American car sold at auction when it went for $13,750,000 at the RM Sotheby’s Monterey classic car auction. The car is also the first Shelby Cobra ever made.

5. 1961 Ferrari 250 GT SWB California Spider: $17,160,000

1961 Ferrari 250 GT SWB California Spider

This car holds the distinction of posting the highest result ever for a Gooding & Company auction.  It was featured in the classic Italian film Yesterday, Today and Tomorrow which likely factored into its huge selling price of $17,160,000 when it sold at the Amelia Island auction.

4. 1959 Ferrari 250 GT LWB California Spider Competizione: $18,150,000

1959 Ferrari 250 GT LWB California Spider Competizione

This California Spider is the most expensive car ever sold at the Gooding & Company’s Pebble Beach Auction at $18,150,000. It is the fourth of its kind to have ever been sold over $15 million. It was sold in the same silver uniform it was wearing when it came 5th in the Sebring race in 1960.

3. 1939 Alfa Romeo 8C 2900B Lungo Spider: $19,800,000

1939 Alfa Romeo 8C 2900B Lungo Spider

Introducing the most expensive Alpha Romeo ever sold, and the 8th most expensive car sold. The 8C’s were one of the most sought after cars before the Second World War and only 32 of this type were made. RM Sotheby’s had the pleasure of selling this on to a lucky home for $19,800,000 at RM Sotheby’s Monterey auction.

2. 1955 Jaguar D-Type: $21,780,000

1955 Jaguar D-Type

Setting records seemed to be a trend this year, as this car is the most expensive British car ever sold at auction, and the 7th most-expensive one to go to public auction. It may be because this car is a winner – it came first place at the Le Mans race in 1956. It is the only D-Type winner that has still retaining its form since winning. It fetched over $21 million at the RM Sotheby’s Monterey auction.

1. 1957 Ferrari 335 Sport Scaglietti: $35,711,359

1957 Ferrari 335 Sport Scaglietti

We’ve finally made it to the top of our list: the most expensive car sold this year, the Ferrari 355 Sport. It holds an impressive racing history, finishing second at the Mille Miglia race in 1957 and was the winner of the World Championships of 1957 and the Cuban Grand Prix in 1958. When it sold for $35.7 million at Artcurial’s Paris Retromobile sale, it became only the second car to ever sell over $30 million.

So there we have it, the top 10 most expensive cars of 2016, and it’s not very surprising the Ferrari tops the list. With 2017 right around the corner, we’re excited to see who will make it on to next year’s list!

Images Sourced from: Classic Car Auctions

Related Blogs:
2016 Car Market Q&A with Bryan McMorr
Gooding & Co.’s Pebble Beach Auction Set to Make Headlines
Artcurial Tops Retromobile for Second Year in a Row

About the Author:

Maryke wrote about luxury asset trends for Borro Private Finance.