$38.8 mil made by car auction
Image: RM Auctions 2012
It was recently reported that the Milhous brothers of Florida would be holding a major auction of classic cars and other rare collectible items which had previously been stored at their museum, with many expecting some serious money to be made during the sale.
Now that auction has been held and the classic cars and unique curious helped to raise a total of more than $38.8 million, according to the Courier Post.
It had initially been estimated that the auction would be worth $40 million and in these tough economic times the brothers did well to close in on this figure on the day.
One of the biggest sales amongst the 550 or so items up for grabs was a 1912 Oldsmobile Limited Five-Passenger Touring (pictured), believed to be the last of its kind still in one piece. Its sale price - $3,300,000 - was twice the upper estimate which had been placed on it prior to the auction.
The day was a success for all of the classic cars for sale, because the brothers managed to make well over the estimated values on almost every vehicular lot. Interestingly, it was the antique musical instruments in the brother's collection which did not perform as anticipated.