Classic Alfa Romeo race car sells for record $9.4 million
1935 Tipo 8C-35 Monoposto breaks all-time record for the marque.
As the years pile on, auction sales of classic Alfa Romeo cars are proving more and more that you don’t have to be a Ferrari collector to spend a lot of money on Italian cars.
A 1935 Alfa Romeo Tipo 8C-35 Monoposto sold for 5.94 million pounds -- around $9.44 million -- at Bonhams Goodwood Revival Meeting on Saturday, setting a record high for the Alfa marque.
So why was this particular car worth that much money? Well, we know that this is a hot time to be in the classic car world, with values higher than ever and there being few other outlets in which the wealthy can indulge in a truly appreciating investment. But this Alfa Romeo also happened to have been driven by the legendary Tazio Giorgio Nuvolari – a guy that Ferdinand Porsche famously called "the greatest driver of the past, the present and the future." And while we don’t necessarily have 9 million bucks to spend on one of his ex-rides, we can certainly see the appeal after breezing through the man’s storied racing career.
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But more than that, this was the car that Ferrari backed before it started making F1 cars of its own. That’s why there’s a prancing horse on the hood, kids. So you can now technically tell your friends that Ferrari is so good at winning F1 races that the company was actually doing so before it even built an F1 car!
No, but seriously, though – this car is more important than Ferrari and F1. Did you catch that build date? 1935. This thing was commissioned by Benito Mussolini himself, in an effort to beat cars funded by Adolf Hitler from Mercedes-Benz and Audi. And it did, with Nuvolari piloting it to victory. With an absolutely fascinating history, it’s hard to believe that this car sat in a barn for more than 30 years after its owner (an industrialist by the name of Dennis Poore) became tired of using it for local hill climbs and the like, parking it in 1955. It’s fully restored now (as the money should suggest) and can even hit its designed top speed.
As we mentioned, the car was sold by Bonhams, which it would seem is on a roll. In July at the Goodwood Festival of Speed, the company auctioned off the F1 Mercedes driven to victory by Juan Manual Fangio in 1954 and 1955 for 19.6 million pounds ($29.6 million at sale) – the highest price ever paid for a car sold at auction. James Knight, Bonhams' international managing director for Collectors Motor Cars, said after the sale: "Once again Bonhams has been privileged to offer a world-beating motorcar and help it to achieve a world-beating price. Selling something like this, one is aware that history is a guest at the auction, due to the car's past, its performance today, and what all automotive enthusiasts will say about the car in the future."
Also at the Goodwood Revival sale was a one-owner 1961 Jaguar E-Type roadster that sold for 225,500 pounds ($358,725), a record price for a road-going E-Type. A 1972 Lamborghini Miura SV owned by Rod Stewart, one of seven right-hand drive models, sold for 919,900 pounds ($1.46 million).
I'm a car guy... I love unique, special, or performance cars. I appreciate the workmanship and technology that is involved in producing an extraordinary car. And, even though I'll never own a 9 million dollar car, I still appreciate it for what it was and is today. Like any work of art, it should be appreciated. Would it be OK if the same buyer bought a unique or rare first edition novel? Or a painting by one of the masters, and paid 9 million or more for it?
Unfortunately, there are many people on this blog that qualify as ignorant, envious, id**ts.
Can anyone here explain how your life would be better or how the world in its entirety would benefit if this car didn't exist? Or that no one wanted to buy it? Does it really matter in the greater scheme of things if any particular car is sold for 1 dollar or a billion dollars? Of course not...
Why some here are jealous, upset, annoyed, or angry at a total stranger who is lucky (or smart or talented) enough to buy and own a unique bit of automotive history is beyond my understanding.
The federal govt. spends (wastes?) millions of $$$ every single day, and a large number of people in this country don't give a rip. It's very disheartening to read posts insulting and demeaning an obviously successful person, simply because that individual decided how to spend their OWN money. Rather than facing criticism, they should be applauded and celebrated, and revered as an object lesson in how, in this country, you can achieve ANYTHING if you are dedicated, ambitious, and focus on achieving specific goals, whatever they may be.
As long as it's done legally and ethically, what's wrong with success allowing you to go where you will, buy what you want, and live the life you choose? Why would that upset anyone? It shouldn't...
How much money is too much? At what $$$ figure do you pass through 'enough' into too much?
I don't listen to Lady Gaga or Jay Z's music. I wouldn't pay a cent for their songs. But, I have no problem at all with their success. They are wealthy beyond measure and have achieved it on their own. But, based on the posts here, shouldn't Jay Z 'give back' by donating his Bugatti Veyron to a homeless shelter? But if he DID do that, would it be OK if someone paid 9 million for it at the auction? Think about it. IMHO
"Enterbatman" don't know anything about cars or performance. This car was built for one thing performance and not to look pretty setting in a drive way. Beauty is in the eyes of the beholder.
Boy was I stunned and surprised at the buyer and seller fees the auction houses collect.
6% and 6% on each end. So my $60,000 goat netted them close to $8,000 in fees.
Fellas, let me tell you we are all in the wrong business.
Alfa Romeo is a legendary marque, often under-rated and overlooked with car enthusiast's.
I own an Alfa Spider and would not trade it for a newer BWW, Miata, Pontiac or other 2 seater.
There is just something about seat of your pants driving in a 2 seater roadster with no air bags, cup holders or power anything.
Watch the movie The Graduate to get the idea.............
I have a 1978 Alfa Romeo spider and love it. Had a Alfa Romeo race car mechanic work on the engine and this car is like a bullet. It`s not a muscle car but a piece of engineering that is awesome on curving roads and at 60 mph it`s just warming up on the highway.
Stupid?..... I think not!
Congrats to who ever made that much money and loved cars enough to buy this piece of history.
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