The hobby of collecting classic cars requires quite a bit of money. Even when a classic car comes cheap, the uptake and restoration of that car can add up quickly, as classic car parts remain a specialized purchases and can run much higher than newer model cars. For the top level classic car collector, the price can reach astronomical heights, especially with some of the more desired cars. Here is a look at some of the most expensive classic cars of all time.

1962 Ferrari 250 GTO

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The record for the most money ever spent on a classic car came in 2012, when a collector spent an astonishing $35 million on a 1962 Ferrari 250 GTO. This actually beat out the $32 million price tag paid for a 1964 Ferrari 250 GTO in the same year. The car that broke the record was created for Stirling Moss, the legendary British Formula One racer, but his career ended before he could ever race the awesome vehicle. This same car sold for $3.5 million in 1996, but after it celebrated its 50th anniversary, the value skyrocketed.

1936 Bugatti Type 57SC Atlantic

Before the pair of Ferrari GTO classic cars broke the record in 2012, the previous record holder for the most expensive classic car was the 1936 Bugatti Type 57SC Atlantic, which sold for somewhere between $30 and $40 million, although the exact number was undisclosed. Only four cars of this model ever existed, one even owned by Ralph Lauren. This car was sold in 2010, and was a former winner of the 2003 Pebble Brach Concours d’Elegance.

1967 Ferrari 275 GTB/4 NART Spyder

In 2013, a 1967 Ferrari 275 GTB/4 NART Spyder joined the list of the most expensive classic cars when it sold for the sum of $27.5 million. What was most impressive is that many people expected bidding to end around the $17 million point, but the price kept climbing. Part of the reason is that only 10 ever existed, including one from the movie “The Thomas Crown Affair.” Actor Steve McQueen even owned one before he crashed his.

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1937 Mercedes-Benz 540K Special Roadster

Mercedes-Benz only produced 26 of its 1937 540K Special Roadster models, a 17-foot long, two-seater. Originally, the car was only meant for the political rulers and financially elite, and the price it pulled at a recent auction of $8.2 million proves that it still remains a car for the rich. The car is a classic Mercedes, with the large headlights, swooping fenders, and the tire mounted on the back.

1904 Rolls-Royce 10 HP

A car meant only for collectors to show off, the 1904 Rolls-Royce only had 10 horsepower and only 17 were ever produced. This is a car to display at any classic car show, with large brass headlights, giant wooden-spoked wheels, and a large, showy horn. As the oldest Rolls-Royce in existence, it sold in 2004 for $7.3 million at an auction. Only four are believed to survive, one of which is on display at the Manchester Museum of Science and Industry.

Shawn S. Lealos is a freelance writer who graduated from the University of Oklahoma in 2000 with a Bachelor’s Degree in Journalism. He writes for a variety of national publications and has over 15 years of sports journalism experience. Follow Shawn on Twitter @sslealos. Examiner.com.

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