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Top 10: Most Expensive Classic Cars
Number 10
1956 Ferrari 860 Monza -- $2.5 million
Number 9
1933 Alfa Romeo 8C 2300 Monza Spider Corsa -- $2.53 million
Number 8
1937 Mercedes-Benz 540K Special Roadster -- $3.63 million
Number 7
1937 Alfa Romeo 8C 2900 -- $4.07 million
Number 6
1964 Shelby Cobra Daytona Coupe -- $4.4 million
Number 5
1932 Alfa Romeo Tipo B -- $5.6 million
Number 4
1962 Ferrari 330 TRI/LM -- $6.5 million
Number 3
1931 Type 41 Bugatti Royale -- $8.7 million
Number 2
1962 Ferrari 250 GTO -- $16.6 million
The beauty of the 1962 Ferrari 250 GTO is that it's a combination of road and racecar. The shape favors aerodynamics while boasting a sexiness that is welcome on the streets. But it's definitely a racecar first and foremost, and requires constant attention, funds and repairs. The engine, which can produce up to 300 horsepower, established Ferrari as the racing champion of the world.
The interior of the 250 GTO is plain; there isn't even carpeting. But with only 40 models made, it's one of the most rare Ferraris in the world. A British garage held on to the one it had acquired cheaply in the '70s and sold it to a Japanese businessman in 1990 for $16.6 million.
Number 1
1954 Mercedes W 196 -- $24 million
The holy grail of racing cars, it was introduced at the 1954 French Grand Prix at Reims, and went on to dominate Formula 1 racing for both the 1954 and 1955 seasons. What made the automobile so special was its revolutionary valve system, which utilized positive control without having to resort to springs.
This car was raced by legendary drivers Juan Manuel Fangio and Stirling Moss before ending up in a museum in the 1980s. The car was sold for a couple of millions to finance renovations at the museum, and sold again in 1990 to a French industrialist for $24 million. A German businessman is currently the owner; he reportedly paid less then half the amount in the late '90s.