Tuesday, January 22, 2013

Classic car collectors spend freely at Arizona auctions

Bidders pay an average of more than $100,000 for hundreds of cars auctioned off in Phoenix and Scottsdale. The high was $8.25 million for a 1958 Ferrari.

A pair of classic Ferraris sold for more than $8 million apiece. The original Batmobile fetched more than $4.6 million. A racing Porsche from 1959 brought in $3.1 million.

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