1961 Ferrari sells for $10.9 million

Ferrari sells for world-record auction price

CNNMoney.com
By Peter Valdes-Dapena,
CNNMoney.com staff writer
May 19, 2008

“NEW YORK (CNNMoney.com) — A 1961 Ferrari California Spyder (once owned by actor James Coburn) sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby’s, the companies that organized the sale.

The previous record was set in 1990 when Sotheby’s sold a 1962 Ferrari 250 GTO in Monaco for $10,756,000.”

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