But you might be surprised, or not, to know that there are some classic cars that have sold for astronomical prices in the past.
Some models, like many 1960s Ferraris, can easily make several tens of millions of dollars at auction. You may think this is way too much, but remember, many of these classic cars are limited edition (often one of only a handful).
The winning bidder is not just purchasing a machine; they are literally buying a piece of human history.
With that being said, here are some of the most expensive cars ever sold at auction. Prepare to be amazed, or sickened, by how much they finally sold for.
What is the highest auction price for a car?
The most expensive car, sold by auction, was a 1962 Ferrari 250 GTO. It sold for a record-breaking $48.4 million.
This also makes it the most expensive car in 2018. It also happens to be a very nice looking car too.
We'll let you decide if it's worth that much money.
1. Ferrari 250 GTO sold in 2018 is officially the most expensive
Price: $48.4 Million
Auction House: RM Sotheby's
In 2018 a 1962 Ferrari 250 GTO sold for an eye-watering $48.4 million. This was only one of 36 units ever produced.
When new, these cars sold for around $18,000 - quite an investment, given the most recent sale price.
2. Another Ferrari 250 GTO sold in 2014 for a lot of money
Price: $38 Million
Auction House: Bonhams
Back in 2014, another Ferrari 250 GTO sold for an equally enormous sum of just over $38 million—seems like an owner made a fine profit on their original investment.
3. A Ferrari 335S sold for over $35 Million
Price: $35.7 Million
Auction House: Artcurial
In 2016, another classic Ferrari model, the 335S, sold for an impressive $35.7 million. This was a sports racing car produced between 1957 and 1958.
It had a V12 engine and could reach a top speed of around 300 kph.