Every year since 1950, lovers of luxury cars have flocked to Monterey, California for the Pebble Beach Concours d'Elegance. Over a long weekend, the rich and famous throw around millions of dollars as they build their classic car collections.
The five biggest auctions raked in $260.3 million this year, an all-time record that blew 2011's total of $197.5 million out of the water, according to CNBC.
Last month, we looked at the 15 best automobiles going on sale. Now it's time to see how they stacked up on the auction block.
A 1960 Ferrari 250 GT LWB California Spider sold for $11.3 million
Why it's awesome: This classic Ferrari, the most expensive car sold over the weekend, is one of only nine of its kind. It took first in class as the 1994 Falcon Club of America Nationals, and was restored with new disc brakes and covered headlights.
Sold by: Gooding & Co., for the Sherman M. Wolf Collection
A 1968 Ford GT40 sold for $11 million
Why it's awesome: Since Steve McQueen used this GT40 as the camera car to film the classic racing film Le Mans, it makes sense that the GT40 just became the most expensive American car ever sold at auction. After being removed to fit a camera, its roof has been restored.
Sold by: RM Auctions
A 1938 Horch 853A Special Roadster sold for $5.2 million
Why it's awesome: Predicted to sell for $6-8 million, this 74-year-old Horch is the most expensive of its kind ever sold. A Pebble Beach Best in Show winner, only five of its kind were ever built.
Sold by: RM Auctions, from the Collection of Joseph & Margie Cassini
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