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August 16, 2007 – Steve McQueen’s Ferrari sells for 2.31 million dollars
In an auction held on August 16th at the Monterey Jet Center in California Steve McQueen’s 1963 Ferrari Lusso sold to an anonymous phone bidder for US 2.31 million dollars, nearly double the pre-auction estimate.

An eye witness reports: “Bidding started at 600K US, hit a million almost immediately, and really didn’t slow until about 1.8 million. It was more deliberate from there, but the crowd went nuts when it hit 2 million.”

US 2.1 million was the hammer price, with the 10% bidders premium bringing the total to US 2.31 million.

The seller, Michael Regalia, who bought the car in 1997 and had it restored to its original condition, when asked how much he originally paid for the vehicle, replied, “A new Lexus would cost more than what I paid.”
Click the small picture to see large Hi-Res image
On display before the auction
On the auction stand
Photos by Matt Stone