Most Expensive Classic Cars | American Collectors Insurance (2024)

If you’re as captivated and intrigued by the world’s most impressive classic cars as we are, you’re in for a treat. Popular car manufacturers like Porsche, Rolls-Royce are enjoying a wider, more engaged collector audience than ever for their supercars, racing roadsters, and world championship winners.

Below, we’ve listed 15 of the most expensive vehicles ever sold at auction so you too can relish in envy at these marvels of automotive engineering and design.

The 15 Most Expensive Collector Car Sales

For this article, we did our homework to find the most expensive classic cars that have ever sold at auction. At American Collectors, we’ve kept a close eye on the trending collector car market for decades and found a lineup of some of the finest cars by Ferrari, Mercedes-Benz, and Aston Martin.

1. 1955 Mercedes-Benz 300 SLR “Slr Uhlenhaut Coupe” ($143M)

During an auction in 2022 at the Mercedes-Benz Museum in Stuttgart, this became the most expensive classic car in the world. With a top speed of 290 km/h, the “Uhlenhaut-Coupé” was the fastest road-legal race car of its time. Good to know the auction money was used by Mercedes-Benz to fund future generations of automotive innovators like the models namesake, Rudolf Uhlenhaut.

2. 1963 Ferrari 250 GTO ($70M)

Few vehicles are as legendary as the mighty ‘63 Ferrari 250 GTO. Arguably the most expensive classic car ever built, only 36 of these vehicles were ever produced. This ride is an undeniable collectible that became the most expensive classic car in the world when it was sold to WeatherTech founder David MacNeil for $70 million in 2018, which was $62 more than the ‘62 Ferrari 250 GT SWB sold in 2022 and $42 more than the S N.A.R.T. Spider.

This car was once named the “hottest car of all time” by Popular Mechanics magazine—and for a good reason. The ‘63 Ferrari 250 GTO boasts an incredible Colombo V12 engine and 102 hp per liter of fuel. This car perfectly embodies Ferrari’s philosophy of combining style, elegance, and power.

3. Bugatti Type 57SC Atlantic ($30M)

Only 4 of the more than 700 Bugatti Type 57s crafted in the 1930s and 1940s are Type 57S Atlantics. Talk about finding a needle in a haystack. The Bugatti Type 57SC epitomizes the elegance, vision, and artistry of Bugatti. The most recent sale was in 2010, when a 1936 model sold for $30 million.

Most Expensive Classic Cars | American Collectors Insurance (2)

4. 1957 Ferrari 335 S ($35.7M)

This magnificent 1957 Ferrari 335 S features stunning Scagletti coachwork and a 4.1-liter V12. According to MotorTrend, it sold for a reported $35.7 million at auction house Artcurial. For a time, the automobile led the 1957 Le Mans before dropping to fifth due to mech

anical errors. On February 5th, 2016, the world’s most expensive ’57 Ferrari 335 S sold in Paris for a sum north of $30 million.

5. 1964 Ferrari 275 P ($30.1M)

The stunning 1964 Ferrari 275 P won Le Mans on two separate occasions, making it one of the most sought-after cars in the world. Powered by a 3.2-litre V12 engine, the ’64 Ferrari 275 P boasts more than 300bhp and weighs only 775kg. The three other vehicles of its kind are held in private collections, making this vehicle one of the rarest and most prized of the Ferrari Scuderia lineup.

6. 1954 Mercedes-Benz W196 Silver Arrow ($29.6M)

This stunning 1954 Mercedes-Benz W196 Silver Arrow was driven by F1 champion Juan Manuel Fangio dramatically sold the day before the German Grand Prix kickoff. It sold for a reported $29,650,000 at a Bonham’s Goodwood Auction in 2013. For a vehicle from the fifties, this car was highly innovative as it featured a fuel injection-calibrated motor, a four-stroke engine with a dedicated gas exhaust, and two actuators.

7. 1956 Ferrari 290 MM ($28M)

According to Fortune, This Scuderia Ferrari team car was sold at RM Sotheby’s New York in 2015 for $28 million. As one of the most expensive vintage cars, the ‘56 Ferrari 290 MM is a legendary vehicle that appreciates in value faster than virtually any other collectible car.

8. 1955 Jaguar D-Type ($23.2M)

Sold at RM Sotheby’s Monterey auction, the 1955 Jaguar D-Type sold for $23.2 million (inflation adjusted) in 2016. This vehicle had been in the same private collection for over 16 years and has seen only two prior owners, and is the only Le Mans-winning D-Type to survive and remain in its original winning form.

9. 1935 Duesenberg SSJ ($22M)

The most expensive American classic car of all time sold for the highest car auction price in the United States at a whopping total of $22 million. The Duesenberg SSJ driven by actor Gary Cooper sold at auction in Pebble Beach in 2018, and it remains one of only two models of its kind in existence since the Great Depression halted its production run.

10. 1964 Ferrari 275 GTB/C Speciale ($26.4M)

Rarer than its 250 GTO Scaglietti designed siblings, this auction was a truly one in a lifetime opportunity in August 2014. It is one of only three Berlinetta competizione cars, in addition to being a top performing racing car once owned by Steve McQueen.

11. 1956 Aston Martin DBR1($22.5M)

A classic car with the character with its frog green and wide mouthed grille. It joins another expensive car on our list as one of the only three cars in the 1950s to win both the World SportsCar Championship and 24 Hours of Le Mans in the same year. It was raced by the biggest names such as Roy Salvadori, Stirling Moss, Jack Brabham, and Carroll Shelby, among others.

12. 1963 Aston Martin DP215 ($21.5M)

Our list of the most expensive classic cars wouldn’t be complete without an Aston Martin. The 1963 Aston Martin DP215 is an enthralling vehicle that somehow never ended up being the British automaker’s top-selling luxury cars. When a ‘63 DP215 sold for over $21 million at auction in 2015, it became one of the most valuable classic cars and the most expensive British car ever.

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13. 1939 Alfa Romeo 8c 2900b Lungo Spider ($19.8M)

From the sleek black tuxedo and Italian tailored interior it is clear this was the gentleman’s racer. By the late ‘30s Alfa Romeo was one of Europe’s top performance marques. It’s thought that just 12 touring Spiders exist in the world today with only 7 containing the legendary Alfa Romeo long chassis. Its rarity, durability, speak to its $19.8M price tag for the ultimate Italian sports car.

14. 1961 Ferrari 250 GT California Spider ($18.1M)

The ‘61 Ferrari 250 GT exudes an “old school” look while boasting modern performance. And as if its racing pedigree and performance weren’t enough to drive up bids, this ‘61 250 GT was one of 100 rare antique vehicles reportedly found in a barn in France. While it originally had a very limited production run, the California Spider was notably driven by French entertainers Alain Delon and Gerard Blain in the 1960s.

15. 1962 Shelby 260 Cobra CSX 2000 ($13.7M)

The first of its kind ever designed by Carroll Shelby, the original Shelby Cobra sold for $13.74 million in Monterey, California in August 2016. Other models such as the Cobra 427 and the Supersnake typically are closer to 3 million in auction. With its glass blue and wide eyed headlights it is no mistake this is one of the most important racing cars in history well deserved price.

1968 Ford GT 40 ($11M)

The film star of 1971 racing film LeMans sold for $11 million making it the most expensive American car ever sold in auction in 2012. The model was first commissioned hoping to win the 24 Hours of the Le Mans; it went on to exceed Henry Ford II expectations by winning four consecutive times from 1966-’69.

Protect Your Most Expensive Car With Industry-Leading Collector Insurance

Whether you’re driving a ’61 California Spyder or a late-model T-Bird, it’s crucial that you protect your passion with a comprehensive Agreed Value collector car insurance policy.

At American Collectors Insurance, we have decades of experience helping classic car lovers like you find an insurance policy that safeguards their hobby and provides much-needed peace of mind. Check out our Agreed Value collector car insurance policies and get a free quote today.

Most Expensive Classic Cars | American Collectors Insurance (2024)

FAQs

Is American Collectors insurance legit? ›

American Collectors is accredited by the Better Business Bureau and has received an A rating. The insurer also received 5 out of 5 possible stars on the BBB website's customer reviews. As a specialized insurer, American Collectors is not listed on the J.D. Power customer satisfaction rankings.

What is the most sought after classic vehicle? ›

10 Most Sought-After Vintage Car Models In 2024
  • Chevrolet/GMC C/K trucks. ...
  • Ford Bronco. ...
  • Mercedes-Benz SL. ...
  • Ford Mustang. ...
  • Toyota Land Cruiser. ...
  • Chevrolet Camaro/Pontiac Firebird. ...
  • Dodge Charger. ...
  • Chevrolet Corvette.
Jun 11, 2024

What is the most expensive classic car that can be bought? ›

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé is the most expensive car ever sold, having gone under the hammer for a staggering $135m in 2022 - the equivalent of £114.4m.

What's the best insurance for a classic car? ›

Hagerty, Grundy, American Collectors, American Modern and Heaco*ck provide the best car insurance for old cars. These companies are the best options for classic car insurance because of their fair rates, accessibility and experience in the industry.

How long has American Collectors Insurance been in business? ›

American Collectors Insurance has been a leading name in classic car insurance since 1976. Unlike regular auto insurance, we provide personalized coverage and flexible mileage options to suit your collector vehicle's needs.

Who underwrites American Collectors insurance? ›

Policies are written by American Family Home Insurance Company and American Alternative Insurance Corporation (in CA). Towing & emergency expense reimbursem*nt incurred from disablement of your covered auto i.e. mechanical/electrical breakdown; battery failure; flat tire, etc.

What classic cars are losing value? ›

The 5 Cars That Lost the Most Value at the End of 2023
  • 1962–63 Ford Thunderbird Sport Roadster: -23% Ford. ...
  • 1996–2003 Mercedes-Benz E320 Station Wagon: -23% Mercedes-Benz. ...
  • 1981–85 Mercedes-Benz 300TD: -19% Mercedes-Benz. ...
  • 2005–08 Porsche 911 Carrera S Coupe: -19% Porsche. ...
  • 2010–15 Mercedes-Benz SLS AMG: -17% Mercedes-Benz.
Jan 18, 2024

What is the most wanted classic car? ›

Top Ten Most Popular Classic Cars
  • 1967 Chevrolet Corvette 427.
  • 1967 Ford Mustang.
  • 1957 Chevrolet Bel-Air.
  • 1931 Ford Model A.
  • 1967 Chevrolet Camaro RS.
  • 1957 Ford Thunderbird.
  • 1973 Ford Bronco.
  • 1969 Porsche 911T.
Feb 17, 2023

What decreases the value of a classic car? ›

The most significant factor in determining the value of a classic car is its condition. You could have the rarest car model in the world, but if it's covered in rust and in need of a massive restoration in order to be drivable, the vehicle's value will drop.

What is the best classic car to invest in? ›

Top 10 Most Investable Classic Cars
  • Classic cars have long been regarded as an excellent investment opportunity, and for good reason. ...
  • Firstly, classic cars are a finite asset, meaning that there are only a limited number of them available. ...
  • Ferrari 250 GT. ...
  • 1955 Mercedes-Benz 300SL. ...
  • 1960s Porsche 911. ...
  • 1960s Shelby Cobra.

What classic car is worth the most? ›

1963 Ferrari 250 GTO ($70M)

This ride is an undeniable collectible that became the most expensive classic car in the world when it was sold to WeatherTech founder David MacNeil for $70 million in 2018, which was $62 more than the '62 Ferrari 250 GT SWB sold in 2022 and $42 more than the S N.A.R.T. Spider.

What increases the value of a classic car? ›

Replace any interior elements that are worn, cracked, or faded. As with any specialty car, old stock is your best bet for maintaining the value of your classic car. Enter classic car shows. One of the most effective ways to increase a classic car's resale value is by participating in car shows.

Did State Farm buy Hagerty? ›

The largest auto insurer in the U.S. is State Farm. They invested $500M into Hagerty at the IPO (technically de-SPAC transaction) and another $75M this past quarter. State Farm sits behind the Hagerty family and global specialty insurance provider Markel as the largest shareholders of Hagerty.

Is full coverage worth it on classic cars? ›

Most of the time, it isn't a good use of money to have full coverage on an older car. After an accident, you will likely get the actual cash value of the vehicle, which is usually not that much more than the extra cost of the insurance.

What are the limitations to classic car insurance? ›

Qualifying for classic car coverage

Limited use – Your classic car cannot be used for everyday commuting or errands, and your policy may include mileage limitations and proof the car is being properly garaged if you do travel with it. In some cases, insurers may require that you also own a primary car for everyday use.

Is AIG a reliable insurance company? ›

AIG has a solid financial strength rating of A from A.M. Best, a credit rating agency that gives insurance companies financial strength ratings. AIG scores well for policy types, riders and brand trust, according to our comprehensive review standards.

What do American collectors cover? ›

A collectibles insurance policy will cover ALL qualifying collections in the household. Broad coverage includes damage caused by accidental breakage, fire, flood, theft, hurricane, earthquake and more.

Is AIG an insurance company? ›

We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services.

What is American collectors am best rating? ›

While it is not BBB-accredited, American Collectors Insurance is rated A+ by the BBB, and its parent company receives an A- (Excellent) rating from AM Best.

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