This Is What $60 Million of Steel Looks Like
After a banner weekend at the Amelia Island Concours, it turns out classic cars are still the bluest-chip investment.
For one week during each of the last seventeen years, Florida’s Amelia Island turns from a golfer’s paradise to car lover’s heaven. The fairways—covered in Ferraris, Bugattis, Deusenbergs, and Porsches—begin to look a lot like highways, if highways only played host to mint-condition vintage cars worth over $1 million.
Though the official name of this high-end festival of artfully-wrought steel, glass and chrome is the Amelia Island Concours D’Elegance, one of the week’s most exciting events isn’t the competition, but RM’s auction. This year, the company moved over $60 million of spit-polished road hardware and one car—a 1960 Ferrari Superamerica SWB Cabriolet—was responsible for over 10% of that sum. Rounding out the top ten sales of the week were Jaguars, Alfa Romeos, Mercedes and a Bugatti—worth between $1.5 and $3.7 million. Can’t believe those sums? Check out the pictures and see for yourself what the best of the classic car market looks like right now.