Ferrari cars one again leaders of Pebble Beach auto auctions
"Hagerty added that while Ferraris on auction reached a record amount – 128 units – 25 of them didn’t sell. “Buyers are highly selective, even if it’s a new buyer with all the money in the world,” said McKeel Hagerty, chief executive officer of Hagerty. “Overpaying for a car can be embarrassing later.” RM Sotheby’s managed to post the record trade – a red 1964 Ferrari 250 LM, only one of 32 in the world, which sold for $17.6 million, a record for the model."
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