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Jan21
Two Corvettes, One Duesenberg Fetch $1 Million Each At Auction
Car collectors with deep pockets spent millions last week, with three cars fetching at least $1 million each.

According to a report on AFP, the French News Service, at the week-long Barrett-Jackson auction in Scottsdale, Ariz., and at another rare car auction in Los Angeles, Two corvettes — one new, one vintage — and an 80-year-old Duesenberg all were sold for at least $1 million. Another 16 cars sold for at least $500,000 each.2008_corvette_zr1_ab.jpg

A one-of-a-kind 1963 Chevrolet Corvette from Italy's Pininfarina sold for 1.6 million dollars. A buyer also paid $1 million dollars for the right to purchase  the first 2009 Corvette ZR-1 available — and that didn't include the auctioneer's 10-12 percent commission. And $1 million was bid for one of the sale's oldest cars, a 1928 Duesenberg dual cowl Phaeton, a favorite of Hollywood stars of that era.

Additional highlights of the auctions included the 1966 Ford Thunderbird used in the iconic film "Thelma and Louise," which the two stars drive over a cliff into the Grand Canyon in the film's last frames. It sold for $65,000. And another well known Hollywood car, the 1969 Dodge Charger "General Lee" from "Dukes of Hazzard," sold for $450,000.

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« Three 2008 Hyundai Models Get Top Safety Honors | Main | CarMax Only Auto-Related Company On Fortune's Top-100 Best Company List »

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