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A 1955 4.4-litre Ferrari 121 LM Spyder Corsa two seater made the top price at the $7.2m Bonhams Gstaad Sale on December 20, selling post-block at $3.5m, achieving a new auction record for this model.
James Knight, Head of Bonhams International Motor Car Department said, "Although the car just failed to sell under the hammer at the Palace Hotel in Gstaad, the interest expressed pre-sale remained and we have had a happy outcome following the sale."
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Arizona in January:
Feeding frenzy or Pocket(book) protectors?
Eddie Van Halen's pair of customized 1956 Chevys, with matching guitars; The 1963 Chevrolet Corvette Grand Sport; Chip Foose's 1937 custom Studebaker convertible; 1937 Bugatti Atalante Type 575C and even a 1929 Ford Tri-Motor airplane. And those are just some of the highlights among vehicles that will be up for auction in mid-January when the classic car world gathers in the Phoenix area for its annual automotive orgy. Of course, the question remains, in light of the current economic condition, will we see the usual feeding frenzy or will bidders restrict their enthusiasm in light of the recent restriction in seemingly everyone's pocketbooks?
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