Most Expensive Luxury Motors Ever Sold At A Auction

There are many places where people can look luxury motors to buy. One of the places where car lovers look for the automobiles is the auctions. This place is quite unique since it enables you buy the kind of a vehicle which you need at a price which you won’t get anywhere else. According to Yahoo! News, auctions have become the preferred source of cars for people who are looking for value for their money.
However, not all cars could cost the same amount at the auctions. Some cars are more pricier than others, but regardless of what you need, you can be sure that you will get the kind of a vehicle which you have always dreamed of owning. But which cars have been reported at the most expensively sold in luxury motors auctions?
It has been reported that 7-figure deals are the norm in automobile auctions. This is a trend that is continuing with no limit regarding its sight in mind. According to the available reports, this is a trend that started in 1987 when ,at a Christie’s auction Bugatti Royale was sols for a mind boggling $7 million. Another notable sale was in 1988 when a Ferrari was sold at a price of $2.8 million in the city of Monterrey. This is regarded as the start of 2 decades of expensive prices for special and luxury motors that are sold at car auctions. In the year 2007,the total amount of takes which was recorded in a one week car auction at Scottsdale Barrett-Jackson event  is a combined $79 million.
Automobile analysts report that you will only understand more about the trend if you have adequate information about car auctions. Automobile auctions are a way that cannot compare to people to people transaction. Yahoo! News reports that the auction company charges anywhere between 5 and 17.5 percent of the total price so as to sell your car. This is an amount which the buyer must pay. Also, there is the issue of competitive bidding can raise the total price of the luxury brand beyond the levels that are higher than what could be achieved.
Greg Marks, an automobile analyst advises that a buyer plays with the auction process with the aim of discovering the reserve price for the vehicle. After this, the buyer moves on to contact the seller of the luxury brand of a vehicle to negotiate for a price away from public scrutiny. You can manage to get a great deal if you understand what to check.

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