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by Michael Hines
Even in these tough economic times, classic rare cars are still finding buyers willing to pay premium prices.
A worldwide recession didn't stop bidders from paying big bucks for some of the world's rarest cars. The 2012 Barrett-Jackson auction has come and gone with proceeds totaling a cool $85 million. Nine cars fetched bids of $1 million or more; no small feat for cars likely to wind up in a private museum as opposed to on the road. If you're interested in seeing the cars that snagged the biggest bucks at Barrett-Jackson, then continue reading on.
The one-off Ghia DeSoto Adventurer II is renowned for both its beauty and length. Built in 1954 on a Chrysler Imperial chassis, this one-of-a-kind two-seater is 125.5" long (10.4 feet) and was sold for a cool $1.3 million.
Two million dollars was the final bid for this Pierce-Arrow Silver Arrow. Only five of these regal automobiles were built back in 1933, with only three known to exist today. The Pierce-Arrow Silver Arrow was sensational when it debuted, topping out at 115 mph and costing a staggering $10,000 during the heart of the Great Depression.
This 1947 Bentley Mark VI Franay nearly missed being the most expensive car sold at Barrett-Jackson 2012. While coming in second place is nothing to be excited about, the new owner of this car has plenty of reasons to celebrate. The 1947 Bentley Franay comes highly recommended, winning "Best of Show" at the Rolls-Royce National Meet twice.
Having three headlights is apparently the key to coming out on top of any auto auction as evidenced by the Tucker Torpedo. This innovative sedan (rear engine, disc brakes and fuel injection in 1948) snagged a monstrous bid of $2.65 million dollars.