Most car auctions are reserved for resellers of automobiles and normally aren't open to the general public. The pace of the auction is feverish as there are multiple lines of cars being auctioned at the same time. The auction callers run their calls at a mile-a-minute pace.
In 2014, a 1962 Ferrari 250 GTO sold for the most money ever sold at auction $34.65 million at Bonhams auto auctions. Considered the holy grail of cars, Ferrari only made a total of 36 of them. Because there are so few of them, when they do go up for sale, the sale is normally a private sale and the price of the sale generally is unverifiable, so a rare sale at auction garners a lot of excitement.
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