1960 Ferrari California sold for $11m at Pebble Beach image

A very rare classic 1960 Ferrari California was recently sold for a whopping 11 million USD over the weekend during the 2012 Pebble Beach Concours d’Elegance.

The highlight of the 2012 Pebble Beach auction was a 1960 Ferrari California which managed to find a new owner who also happens to be rich. If you think that a Lamborghini Sesto Elemento or a Bugatti Veyron are expensive cars, think again, because the market for classic cars can hit the eight-figure and the latest example of such a vehicle is a very rare 1960 Ferrari California, which was recently sold for an impressive price at the 2012 Pebble Beach auction: 11 million USD (8.9 million euros / 7.0 million GBP).

The 1960 Ferrari California in question is coming from Sherman Wolf, who managed to buy the model from its original owner in 1979. The very rare classic Ferrari California has found a new owner at Pebble Beach, an anonymous collector who fell in love with this car’s exclusivity and styling. Besides the 1960 Ferrari California, which was the main star of the event, a 340 MM Spider was also sold for 4.5 million USD, along with a 1985 288 GTO, which was sold for 1 million USD.