Fan pays a million euros for vintage racing car | india | Hindustan Times
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Fan pays a million euros for vintage racing car

An Argentine buyer has paid more than a million euros at auction for a vintage racing car once driven by his legendary compatriot Jean Manuel Fangio.

india Updated: Jul 09, 2006 03:25 IST

An Argentine buyer has paid more than a million euros at auction for a vintage racing car once driven by his legendary compatriot Jean Manuel Fangio.

The anonymous buyer, bidding by phone on Saturday, paid 990,000 euros ($1.27 million) for the single-seater Talbot-Lago T26C but commission brought the total to 1,100,250 euros ($1.411 million).

The car was one of 40 collectors' items auctioned by Christie's French subsidiary at the Bugatti circuit at the Le Mans track in western France.

Pre-sale estimates had put the price at between 600,000 and 800,000 euros.

A Ferrari 365 GTB4/A Michelotti Nart Spyder from 1972, which took part at trials at Le Mans in 1975, was offered at between 1.2 million and 1.8 million euros but did not find a buyer, the highest bid being 1.1 million euros.

A Pescarolo C60-Judd which took part in the 24 hours of Le Mans endurance race in 1975, driven by two-time world rally champion champion Sebastien Loeb, went unsold, bids stopping at 150,000 euros in spite of estimates of 600,000 to 900,000 euros.

A Mazerati 4 CM Monoposto from 1937 was knocked down at 325,000 euros, though the European buyer will have to write a cheque for 368,750 euros, including charges. Estimates suggested a price of between 300,000 and 500,000 euros.

A total of 119 items were on offer: cars, but also race-related objects such as scale-models, drivers' overalls and armbands, accessories, pennants, posters and original race programmes.