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Vintage Ferrari fetches $11 million

2008-05-20 08:48

Rome - A Ferrari 250 GT California Spyder once owned by US actor James Coburn fetched nearly $11 million at auction, making it the most valuable vintage car ever sold under the hammer, organisers said on Monday.

The rare black convertible was one of 33 cars and scores of Ferrari memorabilia sold at auction on Sunday in the luxury sports carmaker's hometown of Maranello in northern Italy.

The 7 million euro ($10.98 million) price paid by British radio and television host Chris Evans eclipsed previous records for cars sold under auction, organisers RM Auctions said.

"It's a very rare Ferrari, one of just 56 built," said spokesman Terrence Lobzun. "It's a very desirable car, probably one of the most desirable Ferraris ever built as far as style and design are concerned."

Other vintage models that collectors paid top dollar for included a 1964 Ferrari 250 LM sold for 4.5 million euros while an autographed 2007 race suit owned by Formula One driver Kimi Raikkonen fetched 11,500 euros.

An assortment of items ranging from a 1952 oil tank to a bronze crucifix were also sold at the auction, which attracted Ferrari aficionados and collectors from around the world.

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