RM Auctions sells Ferrari 250 GT for a record $10,894,400

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All those analysts who say we’re in a recession have obviously not been watching the classic Ferrari market. Canadian auction house RM Auctions, worked with Sotheby’s this past weekend in Maranello to set a new world record for the most expensive vintage car sold. $10,894,400 was the winning bid. The car? A 1961 Ferrari 250 GT SWB California Spyer which had been owned by actor James Coburn for 25 years. This wasn’t the only special car however, as 10 other cars sold for more than 1 million dollars!

Full release, photos and full results after the break
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