High-end cars bring in big bucks at auction

March 20, 2012 12:00 AM

Some extremely rare classic race cars broke records at two recent auctions in Florida, according to The New York Times.

RM Auctions and Gooding & Company ran two separate auctions at Amelia Island in Florida, and the two companies pulled in a combined total of $59 million. Some individual vehicles contributed a significant chunk of that figure in one sale.

The highest-priced car was the 1973 Porsche 917/30 Can-Am Spyder race car, which went for $4.4 million. This vehicle saw its fair share of professional motorsports events, and legendary driver Mark Donohue once called it "the perfect racecar," according to the news source. Although the auction company did not reveal who bought the car, the rumor at the auction was that the winning bidder was Jerry Seinfeld, who has a collection of Porsches.

Another Porsche went for nearly $1 million more than its pre-auction estimate. The 1955 550/1500 eventually sold for $3.2 million.

Whether the car in your garage is worth millions of dollars or you've been driving the same jalopy for years, auto maintenance is critical to keeping the car in top condition. Regular tune-ups and oil changes can help keep your vehicle running like new and increase its value.

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