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Mercedes, Record GT40 Head $220 Million Classic-Car Auction

By Scott Reyburn - 2012-08-20T17:11:27Z

Photograph by Pawel Litwinski/RM Auctions via Bloomberg

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1968 Ford GT40

RM Auctions' two-day event raised $96 million, with 90 percent of the 120 offered cars finding buyers, it said. Twenty cars sold for more than $1 million, the Canadian-based company said.

A 1968 Ford GT40 racer (left) was the star lot at RM, selling on the first day for $11 million -- a record for any American auto at auction.