Friday, 5th December 2008

 
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20 May 2008 - Tara Loader Wilkinson

Record Ferrari snapped up for $11m

A black Ferrari, formerly owned by Hollywood actor James Coburn, sold for a record €7m ($10.9m) at a Sotheby's auction yesterday.

The Nero-black 1961 Ferrari 250 GT SWB California Spyder had been expected to sell for between €3.2m and €3.6m. The previous highest price paid for a car was $10.7m, paid for a red Ferrari 250 GTO at Sotheby's in Monaco in 1990, according to Bloomberg.

Radio DJ Chris Evans bought the car. Evans' wealth is estimated at $88m according to the Sunday Times Rich List, and he invests in property and vintage cars.

Tags: Ferrari , Sotheby's

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Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

Stocking filler: Harrods sells world's most expensive shirt

Harrods, the luxury London-based retailer, is selling a diamond-encrusted shirt valued at £20,000, the world's most expensive shirt ever made. Although the shirt has not yet been sold, it puts paid to the idea of the wealthy having to reign in their spending as a result of the recession.

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