Classic (and New) Cars That Were Auctioned For Over $1 Million

1968 Ford GT40

Price: $12.25 million

Auctioneer: RM Auctions – Monterey, California, 2012

Breaking ground in the alternate asset class category, are investment grade automobiles. This 1968 Ford GT 40 racer was projected to sell for $8 million, however pulled an incredible 50% over market value, and sold for $12,250,000. The rig comes complete with a trademark powder blue and Merigold stripe, a bone chilling 480 hp and in-line V8 engine. The alternative asset class has been gaining increasing traction from new investors looking to diversify their portfolios. Among the top contenders for the alternative investment classes, including fine automobiles, art and wine. Most of the auction sales are held by RN, Gooding & Co, and Barrett – Jackson.

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