1912 Oldsmobile sells for $3.3 million

February 28, 2012 12:00 AM

An antique car sold for more than $3 million at a historic auction in Boca Raton, Florida, according to The Associated Press.

Bob and Paul Millhous, now 75 and 73, respectively, spent their lives amassing a collection of antique odds and ends. The brothers were especially fascinated by mechanical things, so the collection included a large amount of cars, clocks and musical instruments. The collection was stored in a 39,000 square-foot building until the duo opted to sell their wares at the auction.

All told, the news source reports that the brothers took in nearly $40 million for the sale of their treasured possessions. The big seller was a 1912 Oldsmobile Limited, which is the only example of its kind in existence. The car more than doubled its pre-auction estimate, selling for $3.3 million.

The centerpiece of the show, however, was an antique carousel. That also sold for big money, to the tune of $1.3 million.

Not every car is worth millions, but it takes some remarkable auto maintenance to keep a vehicle in pristine condition for years on end. Drivers who invest in their cars can extend their vehicle's lifespan on the road and may even get paid back one day if their car ends up a classic.

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