Cars Sold for $15 – $20 Million at Public Auction

Two 1939 Alfa Romeo 8C 2900s, 14 Ferraris, two McLarens, and a Mercedes-AMG Petronas F1 racing car are the only cars ever to have sold for between $15 and $20 million at public auctions.

A 1939 Alfa Romeo 8C 2900B Lungo Spider was the most expensive pre-war car when it sold for nearly $20 million in 2016. It was joined on the list by a 1939 Alfa Romeo 8C 2900 Touring Berlinetta in 2019. The Ferraris include four racing cars and seven SWB California Spiders. The works team 1957 Ferrari 250 Testa Rossa racing car held the world record for the most-expensive car sold at public auction for two years from 2011 to 2013 while the Alfa Romeo held the record for the most-expensive pre-Second World War car ever sold at auction from 2016 to 2018. The 2013 Mercedes-AMG Petronas is the most expensive modern-era Formula 1 racing car. The two 1990s McLaren F1 sports cars are the newest cars on this list.

Cars Selling for Between $15 and $ 20 Million

The following cars sold at public auction for between $15 and $20 million:

The list takes only cars into consideration that have sold at standard public auctions. It also uses only nominal prices and exchange rates at the time of sale.

Despite the high prices, these cars are of course only in the second division – a handful of cars have sold for over $20 million. See also: The Most-Expensive Cars of All Time – $10 Million Plus for a full listing of cars selling for more than $10 million at public auctions.

1994 McLaren F1 ‘LM-Specification’

A 1994 McLaren F1 ‘LM-Specification’, serial # 018, was the 50th car to have sold at public auction for more than $10 million when achieved $19,805,000 at the RM Sotheby’s Monterey 2019 auctions. The car set the new McLaren marque record and just missed the $20 million mark that is was expecting to breach.

This 1994 McLaren F1 ‘LM-Specification’ is one of only two production models upgraded to LM specification by the factory. It is in exceptionally good condition with only 21,000 km on the clock.

The sister car in LM-Specification, the 1998 McLaren F1 ‘LM-Specification’, serial no. 073, sold for $13,750,000 at the RM Sotheby’s Monterey 2015 sale, at the time raising the marque record by more than $5 million.

1939 Alfa Romeo 8C 2900B Lungo Spider by Touring

A new record for an Alfa Romeo and pre-Second World War car was set when a 1939 Alfa Romeo 8C 2900B Lungo Spider by Touring sold for $19,8000,000 at the RM Sotheby’s Monterey 2016 classic car auction. The previous record for a pre-war car was $11,770,000 paid for a 1936 Mercedes Benz 540 K Spezial Roadster at Gooding Pebble Beach 2012.

Only 32 of the Alfa Romeo 2.9 chassis were ever produced of which only 12 were fitted with Touring Spider bodies and only seven on the long chassis. Despite some uncertainties about the history of the Alfa, bidders were willing to pay this high price for a beautiful car.

1939 Alfa Romeo 8C 2900B Touring Berlinetta

A 1939 Alfa Romeo 8C 2900B Touring Berlinetta sold for €16,475,000 ($19,256,750) as the top result at the Artcurial Paris Rétromobile 2019 classic car auction. This was by far the highest result at the February 2019 Paris auctions. It is also the second highest result ever achieved on a car by Artcurial and the second most-expensive Alfa Romeo ever.

The 1939 Alfa Romeo 8C 2900B Touring Berlinetta, chassis #412024, was the second of only 5 examples built with the Carrozzeria Touring Berlinetta coachwork. It was delivered new in Italy in 1939, but was transported to England later that year. It has been in the same ownership for the past four decades and is registered on Dutch plates.

Of the five Touring Berlinettas built, three were restored in recent years in North America – two won Best of Show at Pebble Beach (2008 and 2018) – and the final one is in the Alfa Romeo Museum.

2013 Mercedes-AMG Petronas F1

The 2013 Mercedes-AMG Petronas F1 W04-04 in which Lewis Hamilton won his first race for Mercedes sold for $18,815,000 at RM Sotheby’s Las Vegas 2023 as the most expensive modern-era Formula 1 single-seater racing car and second only behind Fangio’s 1954 Mercedes-Benz W196R ($30 million).achieved a similar and even higher result.

Although Lewis Hamilton drove this Mercedes for 14 of the 19 Formula 1 Grand Prix races in the 2013 season, he won only the Hungarian GP — his first victory in a Mercedes. Scarcity was probably the strongest driver behind the remarkable price of this racing car. The 2013 Mercedes-AMG Petronas F1 W04-04 is apparently the only car from this stable ever sold outside the wider sphere of the organization and the only one ever offered for sale in a public auction.

1961 Ferrari 250 GT SWB California Spider

The €16,288,000 ($18,649,760) paid for a 1961 Ferrari 250 GT SWB California Spider, chassis 2935GT, at Artcurial’s Paris 2015 Rétromobile auction is probably one of the craziest results ever. This California Spider was part of the Baillon Collection – a magnificent barn-find collection that Artcurial sold for prices often far exceeding estimates.

Ferrari 250 GT California Spiders are rare – only 37 were ever made with bodywork by Scaglietti on the short-wheelbase chassis. Two further models sold for over $15 million in recent years. The Baillon California Spider has never been restored and although it is probably the most original of all the surviving models, it also probably the one requiring the most attention to bring it back to a serviceable condition.

The €16,288,000 paid for a 1961 Ferrari 250 GT SWB California Spider set a new records for the model, for Artcurial, and at the time of sale the highest price ever paid for a car in euro and in continental Europe. (The almost $30 million paid for the 1954 Mercedes Benz W196R Formula 1 car at the Goodwood Festival of Speed held the record for Europe at the time of this sale but both records were broken when €32,075,200 were paid for a 1957 Ferrari 335 Sport at Artcurial Paris 2016.)

1954 Ferrari 375-Plus Sports-racing Two-Seat Spider Competizione

Bonhams set a new record for a racing Ferrari when a 1954 Ferrari 375-Plus Sports-racing Two-Seat Spider Competizione sold for £10,753,500 ($18,309,614) at the 2014 Goodwood Festival of Speed Auction in Chicester in the UK. (This record has since been broken – see Cars Sold for Over $20 million.)

The 1954 Ferrari 375-Plus Sports-racing Two-Seat Spider Competizione with coachwork by Pinin Farina was one of only five built as Ferrari factory entries. This particular 1954 Ferrari 4.9-litre 375-Plus Sports-Racing Two-Seat Spider Competizione won the Silverstone sports car race in 1954 driven by José Froilán González and participated the same year as a works entry in the Mille Miglia and Le Mans (won by a sister car). As a private entry with Ferrari support, it participated in the 1954 Carrera Panamericana in Mexico (won by a sister car) and in 1955 in several races after Jim Kimberly had acquired it.

1959 Ferrari 250 GT LWB California Spider Competizione

A 1959 Ferrari 250 GT LWB California Spider Competizione sold for $18,150,000 at Gooding’s Pebble Beach 2016 classic car auction as the most-expensive car ever sold by Gooding. At the time of sale, it was also by far the highest price ever paid for a long wheelbase California Spider.

The alloy body 1959 Ferrari 250 GT LWB California Spider Competizione has an in-period racing history that includes a 5th place overall finish at the 1960 12 Hours of Sebring race.

1962 Ferrari 250 GT SWB California Spider

The most expensive car sold in the Gooding Amelia Island 2023 was a 1962 Ferrari 250 GT SWB California Spider that achieved $18,045,000. This California Spider set a new Amelia Island auction week record.

This short-wheel-based California Spider was one of only 37 finished with covered headlights and the only one delivered in a color scheme of an aquamarine-hued Azzurro Metallizzato (MM 16240) exterior with Naturale Connolly Vaumol leather upholstery.

1959 Ferrari 250 GT LWB California Spider Competizione

A 1959 Ferrari 250 GT LWB California Spider Competizione sold for $17,990,000 at the RM Sotheby’s New York Icons 2017 sale. Despite a fifth place overall at the 1959 Le Mans 24 Hours Race, where it was driven by owner Bob Grossman for the NART team, it just failed to take the model record set a year earlier.

This 1959 Ferrari 250 GT LWB California Spider Competizione was the second of only eight aluminium bodied California Spiders produced in full competition specification.

1963 Ferrari 250 GT SWB California Spider

A 1963 Ferrari 250 GT SWB California Spider sold for $17,875,000 as the most expensive car at the Mecum Kissimmee 2024 collector car auction in Florida, USA. The result was the first time Mecum sold a car for over $10 million, it is also the third highest ever at public auction for a short-wheelbase version of the California Spider and the 27th most-expensive car ever sold at auction.

This Ferrari was the last of the 55 SWB California Spiders produced between 1960 and 1963. It is a covered headlight version with a known history from new. It is a fully restored car that retained its original chassis, body, engine, and gearbox.

1964 Ferrari 250 LM by Scaglietti

A 1964 Ferrari 250 LM by Scaglietti set a new model record of $17,600,00 at the RM Sotheby’s 2015 Monterey classic car auction. This 250 LM was the 23rd of 32 produced and considered to be one of the best surviving examples.

This specific model, chassis 6105, was not a works entry but successfully raced in period by privateers Ron Fry, David Skailes and Jack Maurice. Although raced hard, this LM never suffered a major accident requiring a rebuilt or write-off, as was common for racecars of the era.

1964 Ferrari 250 LM

The 1964 Ferrari 250 LM, chassis 5901, was sold in a special Artcurial auction in Paris in July 2023 for €15,771,200 ($17,164,664). The car was the 10th of 32 examples to leave the Maranello factory and considered one of only two not to have been severely damaged in racing. (A reported €20 million bid failed to buy the car earlier in 2023 at the Artcurial Paris Rétromobile sale.)

Although a similar model to Ferrari that won the 1965 Le Mans 24 Hours race, this LM had a limited racing history. Chassis 5901 was entered by NART as a reserve car in the Daytona 24 Hours in 1966 but not having suffered the rigors of active competition, it retained all its original elements  (chassis, engine, gearbox, body). 

1961 Ferrari 250 GT SWB California Spider

Gooding set a new Amelia Island auction week record when a 1961 Ferrari 250 GT SWB California Spider sold for $17,160,000 in March 2016. This was at the time also the highest result ever for a car sold by Gooding at public auction.

This 1961 Ferrari 250 GT SWB California Spider, chassis 2871, had only three Italian owners with the vendor not having shown the car at public events since acquiring it in 1985. The car appeared briefly in Vittorio De Sica’s Academy Award®-winning feature film, Yesterday, Today, Tomorrow, when Sophia Loren hitched a lift after crashing her Rolls Royce. Although unrestored, this California Spider is in a very well-maintained condition.

1960 Ferrari 250 GT SWB California Spider

The first ever SWB California Spider, the 1960 Ferrari 250 GT SWB California Spider sold for $17,055,000 as the most expensive car sold at the RM Sotheby’s Monterey 2024 sale. It was also the highest result for a car at any of the 2024 Monterey / Pebble Beach classic car auctions. The result, almost a million dollars lower than the last SWB California Spider produced achieved earlier in the same year, confirmed the challenging state of the top classic car market in August 2024.

This 1960 Ferrari 250 GT SWB California Spider was the first ever produced and the original show car shown at the Geneva Auto Salon in 1960. It was equipped from the factory with a competition-specification engine, covered headlights, and a factory removable hardtop. This first California SPider was initially finished in dark grey Grigio over a red leather interior, which was changed after the show to a black interior before being delivered to the first owner in Switzerland.

1961 Ferrari 250 GT SWB California Spider

The $16,830,000 that was paid for a 1961 Ferrari 250 GT SWB California Spider, chassis 3095GT, at the Gooding 2015 Pebble Beach auction confirmed how dear the Baillon California Spider was bought earlier in the same year.

Like the Ferrari sold in Paris, this 1961 Ferrari 250 GT SWB California Spider with coachwork by Scaglietti has never been completely restored and thus in a very original condition. However, this car is in a very well-maintained condition and has also not been shown at any major events.

1962 Ferrari 250 GT SWB Berlinetta Speciale

A Ferrari 250 GT SWB Berlinetta Speciale sold for $16,500,000 at the Gooding 2015 Pebble Beach auction. This Ferrari has a one-off coachwork designed by a young Giugiaro for coachbuilder Nuccio Bertone, who was hoping to use it to impress (and obtain orders) from Enzo Ferrari.

The Ferrari 250 GT SWB Berlinetta Speciale has a shark-nose inspired by legendary Ferrari racing cars and an interior far more luxurious than standard Ferraris. Failing to obtain any work from Ferrari, Bertone used it as his personal car. Pebble Beach 2015 was the first time ever that this special Ferrari was offered for sale at public auction.

1957 Ferrari 250 TR

A 1957 Ferrari 250 Testa Rossa racing car set a new world record price for a car sold at public auction when it achieved $16,390,000 at the Gooding Pebble Beach sale in 2011. This racing Ferrari took the record price from a similar 1957 Ferrari 250 Testa Rossa that RM Auction sold for $12.4 million in Maranello in 2009.

One of the main differences between these two Testa Rossas was that the more expensive one, by quite a margin, was an official works Scuderia Ferrari car and not raced by privateers.

The 1957 Ferrari 250 Testa Rossa was the most expensive car in the world until Bonhams nearly doubled the price to just below $30 million for the 1954 Mercedes Benz W196R Formula 1 racer in 2013.

1995 McLaren F1

A 1995 McLaren F1 sold for $15,620,000 at the Bonhams Quail Lodge 2017 sale. This supercar is one of only 64 built and famously sits three with the driver sitting centrally slightly forward of the two passengers.

This 1995 McLaren F1 was the first of only seven McLaren F1 cars federalized for road use in the USA. The car was sold by its original owner with only 9,600 miles on the clock in a fully original condition without later factory updates.

1961 Ferrari 250 GT SWB California Spider

The 1961 Ferrari 250 GT SWB California Spider, chassis 2903GT, that Gooding sold for $15,180,000 at the 2014 Pebble Beach auction, set a new model record at the time before the two higher prices were achieved in 2015.

The new owner probably only realized what a bargain he got when the barn-find condition Baillon California Spider sold for $3.5 million more a few months later and a second unrestored California Spider for $1.65 million more a year later.

See Also:

• The Most Expensive Cars of All Time – $10 Million Plus for a full listing of cars selling for more than $10 million at public auctions.
• Cars Sold for Over $20 Million – The Most Expensive Cars Ever
• Cars Sold for $15 to $20 Million – Mostly Italian but not all Ferraris and two Brits
• Cars Sold for $12 to $15 Million – including three British-made cars
• Cars Sold for $10 to $12 Million – a mixed bunch of great marques
• Most Expensive Formula 1 Racing Cars