By Ronan Glon
Sunday, Aug 19th, 2012 @ 6:00 pm
 
The Pebble Beach Concours d'Elegance will close its doors tonight after an eventful weekend. As is the case each year auction houses such as RM Auctions, Bonhams and Gooding & Company sold several highly valuable automobiles, some of which set new world records.

One of the most expensive cars sold over the weekend was a 1968 Ford GT40 Gulf/Mirage Lightweight which went for $11 million, a record for an American car at an auction.

Finished in Gulf's traditional light blue and orange livery, the car was raced by famed pilots Jacky Ickx and Dr. Dick Thompson before changing hands a number of times over the following years. It is one of two lightweight production GT40s left in the world.

"This GT40 was a great demonstration of how the history of a car determines its price," said Dietrich Hatlapa, the founder of the Historic Automobile Group International, in an interview with Bloomberg. "The early life drives the value. This Ford had been part of the original Gulf team and had a good racing record."

A good racing record wasn't all that the GT40 had going for it: it was used as a camera car in the 1971 film "LeMans" which starred Steve McQueen as Michael Delaney.

Other notable lots from the weekend included a 1953 Bentley Continental R-Type Fastback Sports Saloon which sold for $1.6 million, the most ever for a Continental R-Type, and a 1960 Aston Martin DB4GT which found a new home in exchange for $2 million, the highest price ever paid at an auction for an Aston Martin DB4 or DB4GT.

Ferraris were well represented and RM Auctions sold five iconic models from the brand's past for over a million dollars each. The most valuable one, a 1962 250 GT short-wheelbase California Spyder, fetched over $8.5 million.

The weekend's auctions weren't strictly limited to classic cars. A 1997 McLaren F1 GTR, a 1998 Mercedes-Benz CLK GTR and a 2004 Porsche Carrera GT were some of the newest cars to cross the auction block.

All photos courtesy of RM Auctions.