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Ferrari craze boosts Pebble Beach auction to new record

Monday, 19 Aug 2013 | 12:19 PM ET
The 1934 Packard 1108 Twelve Dietrich Convertible Victoria, took the “Best of Show Award” at the Pebble Beach Concours d’Elegance in Pebble Beach, Calif., on Sunday, Aug. 18, 2013.
Rolex | AP
The 1934 Packard 1108 Twelve Dietrich Convertible Victoria, took the “Best of Show Award” at the Pebble Beach Concours d’Elegance in Pebble Beach, Calif., on Sunday, Aug. 18, 2013.

The Ferrari craze continued this weekend at Concours D'Elegance Pebble Beach.

A rare 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider handled by RM Auctions in Monterey sold for $27.5 million. The latest blockbuster bid is a record for Ferrari and becomes the second most expensive car ever sold at auction. One of only 10 made, the N.A.R.T. was estimated to sell between $14 million and $17 million.

(Read more: Rare 1967 Ferrari fetches $27.5 million at auction)

Total sales for this weekend's auction at Pebble Beach reached a record breaking $301 million, according to vintage auto insurer Hagerty Insurance. This surpassed last year's sales of $265 million.

(Read more: Highlights from the Pebble Beach Councours d'Elegance)

Here are the top 10 biggest sellers from this weekend:

Overall Top 10 Sales from all auctions

Rank Car Sold Auction House
1 1967 Ferrari 275
GTB/4*S NART Spyder
$27,500,000 RM Auctions
2 1957 Ferrari 250
GT TdF Berlinetta
$9,460,000 Gooding & Co.
3 1953 Ferrari 375
MM Spyder
$9,075,000 RM Auctions
4 1937 Bugatti Type
57SC Atalante
$8,745,000 Gooding & Co.
5 1997 McLaren F1 Coupe $8,470,000 Gooding & Co.
6 1928 Mercedes-Benz
680S Torpedo Roadster
$8,250,000 RM Auctions
7 1939 Mercedes-Benz
540K Special Roadster
$7,480,000 RM Auctions
8 1955 Ferrari 250 GT
Competizione Berlinetta
$7,150,000 Gooding & Co.
9 1948 Alfa Romeo 6C 2500
Competizione Coupe
$4,840,000 Gooding & Co.
10 1931 Bentley 4.5-Litre
Supercharged Le Mans Roadster
$4,647,500 Bonhams
Source: Hagerty

—By CNBC's Robert Frank. Follow him on Twitter @robtfrank.

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  • A reporter and editor, Robert Frank is a leading authority on the American wealthy for CNBC.