25 Cars Sold for $260 Million in 2016

© RM Sotheby’s© RM Sotheby’s
2016 Ferrari LaFerrari
Sale Price: $7,000,000
Auction: RM Sotheby’s Charity Auction, Daytona
Production of the extreme Ferrari LaFerrari was to be limited to just 499 vehicles, but in August Ferrari Chairman and CEO Sergio Marchionne announced that one additional LaFerrari would be built to be auctioned off for charity. Proceeds from the sale would benefit the reconstruction of Central Italy after the devastating earthquakes of 2016. “It is an honor for RM Sotheby’s to be entrusted with the sale of this important car and to help raise significant funds for a desperate cause,” says Rob Myers, CEO and Chairman of RM Sotheby’s. “The earthquakes which have struck Central Italy this year devastated the lives of thousands of people, and the money raised by the sale of this LaFerrari could not be put to a better use. The $7 million set a record price for a 21st century automobile sold at auction.

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