1964 Shelby Cobra Daytona Coupe Fetches $43M, Setting American Car Record
At the 22nd Pebble Beach Auctions held on August 14 and 15, the 1964 Shelby Cobra Daytona Coupe achieved a remarkable milestone, becoming the most expensive American car ever auctioned, selling for $43 million. Organized by Gooding Christies, the event amassed a total of $159 million, marking a 24% rise compared to the prior year. Out of 158 lots offered, an impressive 94% were sold, including 28 that surpassed the $1 million mark. The average lot price reached $1,005,681, reflecting a 19% increase from last year. This sale set a new global record for American automobiles, surpassing previous records by over $20 million and underscoring the robustness of the collector car market.
Key facts
- The 1964 Shelby Cobra Daytona Coupe sold for $43 million, setting a world record for American cars.
- Gooding Christies achieved over $159 million in total sales at the 22nd Pebble Beach Auctions.
- The auction took place on August 14 and 15 on the Monterey Peninsula.
- Sales total increased 24% from the previous year.
- 158 lots were sold, with a 94% sell-through rate.
- 28 lots sold for over $1 million.
- The average price per lot was $1,005,681, a 19% increase from the previous year.
- The record was set by a margin of over $20 million.
Entities
Institutions
- Gooding Christies
- Pebble Beach Concours d'Elegance
- Pebble Beach Auctions
Locations
- Monterey Peninsula
- Pebble Beach
- United States