LOS ANGELES, June 24 - Petersen Automotive Musuem LA, Calif.

The Classic Car Auction brought in more than $4.2 million in sales revenues and attracted car enthusiasts looking to buy their first classic vehicle to serious collectors. The sales ratio of the auction was 55 percent.

Pristine example of a Superfast Ferrari 1963

One of the anticipated highlights of the auction was the sale of a 1963 Ferrari 400 Superamerica. "The Ferrari sale was the highlight on the auction block," Jackson said. "It generated tremendous interest and showed that great cars continue to command top prices." A very rare car, originally owned by the same family for nearly 40 years and being offered for sale for the first time, received much pre-auction attention as a no reserve entry. The Ferrari was purchased for $432,000 after a lengthy bidding battle between bidders by telephone and at the auction.

1962 Prosche

A bidding battle for a European sports car resulted in a record price of $108,000 being paid by the successful buyer for a 1962 Porsche 356 B Super 90 Cabriolet.

1967 GTO

Muscle cars continued to be a sought after segment of the collector car market with record prices being achieved for a 1967 Pontiac GTO Convertible at $43,520, a 1966 Oldsmobile 442 W-30 Coupe for $61,650, and $79,920 for a 1964 Chevrolet Impala SS409.



The most expensive car sold was a 1923 Mercedes 28/95 PS Targa Florio that went for $756,000. The imposing and historic Mercedes with a well-documented history had been part of a prominent Southern Collection for many years. Although not announced sold when on the auction block, continuing negotiations by auction company personnel resulted in the successful sale being announced soon after. The car was purchased by publishing magnate and museum founder Robert E. Petersen, and will join the museum's Treasures From The Vault Collection.

Ferrari Daytona 365 Gtb4

 

Other significant cars sold include a 1971 Ferrari 365GTB/4 Daytona Berlinetta for $145,800, a 1952 Mercedes-Benz 300 Cabriolet for $59,400, and a 1949 Chevrolet Canopy Express for $43,200. A 1938 Lincoln Zephyr Twelve Convertible, driven by Annette Bening in the motion picture 'Bugsy', sold for $74,520,

The Zephyr created strong excitement on the Block

 
The Los Angeles auction also marked the first time Barrett-Jackson has incorporated on-line bidding along with streaming video at one of their live auctions. The new service resulted in a number of the cars, together with pieces from the automobilia auction segment, being purchased by bidders who were unable to attend the auction.

1963 XKE Jaguar