An auction at the Waldorf-Astoria for high-rollers and overgrown boys 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14

On the stage, a red 1953 Ferrari 250 MM Berlinetta, behind it, a 1962 Mercedes-Benz 300 SL Roadster

THE MAIN EVENT With bank letters of credit and bidding paddles in hand, buyers from as far away as Argentina and Monaco packed the genteel auction. The bidding started with the lower-end cars: a 1957 Austin Healey 100-6 Roadster sold for $25,300 and a 1957 Porsche coupe for $26,400, but the prices quickly hit six figures. The belle of the ball, showcased on the ballroom stage, was a red 1953 Ferrari 250 Mille Miglia Berlinetta. The car fetched $1.1 million, including the 10% commission charged to both buyer and seller. Total take for the auction: $7 million.

Previous Photo | Next Photo