Inside Wealth

Gone in 2 hours: $62 million worth of cars

1964 Ferrari 250 LM sold for $14million during an auction at Sotherby's.
Source: Sotheby's

It might be a new speed record: $62.8 million worth of cars sold in two hours.

The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its lofty estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars, along with two motorcycles and seven pieces of artwork.

(Read more: Gold Lamborghini: Yours for $7.5 million)

The sale shows that, with markets at all-time highs, the wealthy continue to pour money into top collectibles—especially art and cars. The sale was also the first major collectible car auction in Manhattan in a decade.

The bidders came from 17 countries, showing that the collectible car market—like the art market—has become far more global in recent years.

(Read more: Ferrari craze helps auto auction shatter records)

"The sale has successfully brought many new collectors into the market for the first time, which is fantastic news for our hobby," said Rob Myers, CEO and founder of RM Auctions.

The king of the auction was a 1964 Ferrari 250 LM by Carrozzeria Scaglietti—a race car that sold for $14.3 million. That was in the middle of its estimate of between $12 million and $15 million. The previous record for a Ferrari LM was $6.9 million.

(Read more: Most expensive car ever sold for $29 million)

The second-highest price was for a 1938 Talbot-Lago Teardrop Cabriolet. The swooping, white cruiser went for $7.15 million, below its estimate of $8 million to $10 million.

Another notable car was a 1954 Maserati A6G/2000 Spyder that sold for $4.45 million. More than half of the 31 lots fetched over $1 million.

Here is the full list of the top 10 sales:

Top 10 Sales, “Art of the Automobile” Auction

Car Price
1964 Ferrari 250 LM
by Carrozzeria Scaglietti
1938 Talbot-Lago T150-C SS Teardrop Cabriolet
by Figoni et Falaschi
1959 Ferrari 250 GT SWB
Berlinetta Speciale
1954 Maserati A6G/2000
Spyder by Carrozzeria Zagato
1955 Ferarri 250
Europa GT Coupé
1936 Delahaye Type 135
Competition Court Teardrop
Coupé by Carrosserie Figoni et Falaschi
1933 Rolls-Royce Phantom II
Continental Sports Coupé by Freestone & Webb
2011 Bugatti Veyron 16.4
Grand Sport Bleu Nuit
1956 Aston Martin DB2/4 MK ll
'Supersonic' by Carrozzeria Ghia
1961 Ferrari 250 GT
Cabriolet Series ll

Source: Source: Sotheby’s/RM Auctions

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