Is any car worth £5 Million?
19/May/08
(Networking)
Radio
DJ and former TV presenter Chris Evans stunned the crowd at Sunday’s
‘Ferrari Leggenda e Passione’ auction in Maranello by paying just over
€7 million (£5.6 million) for a black 1961 Ferrari 250 GT SWB
California Spider.
His winning bid set a new record for the price
paid for a car at auction (on the current US dollar exchange rate),
with the $10.9 million that Evans paid surpassing the $10.7 million
that market the previous record $10.7 million that was paid for a
Ferrari 250 GTO at Sotheby’s Monaco in 1990.
The California
Spider previously belonged to actor James Coburn, who died in 2002. It
was estimated to sell for barely half the price that Evans ended up
paying for it, proving that the slowing economy has yet to effect the
buoyant classic Ferrari values.
The purchase puts a substantial
dent in Evan’s fortune, estimated at £45 million by the Sunday Times
Rich List. He told Bloomberg news that he has no regrets, saying that
“this is the best of the best. It seems like a lot of money now, but in
five to 10 years time it’ll be out of my range.”
Is any car worth £5 Million?
And there was me thinking that Chris Evans had grown up. I hope that he thinks that he has got a bargain and he enjoys driving it. I would be scared to start the engine, let alone drive down the road. He could have bought an awful lot of great classic cars for £5m, all of which would have increased in value and he would have more to toys to play with.
Posted by:
Geoff
Cox
on
19/May/08 21:29
I wonder how much it cost to insure.
Posted by:
Adam
Williams
on
20/May/08 10:37