Here are the 10 most expensive cars sold at Red-Hot auction of 2022

Over 5,000 collectible cars crossed the auction in the first month of 2022, fetching over $480 million. If there’s any misunderstanding, $480 million is a pretty big number, too big even with enthusiasts’ expectations that 2022 would be a great year in the automotive world. Mecum’s Kissimmee sale was the first ever collectible vehicle auction to produce $200 million. The other five sales in and around Scottsdale also did very well.

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Although the number of auctions and sends was low, all other numbers were high – the cars were relatively few, but they were bringing in profits en masse. Other auction events have yet to take place in the year, but January has set the bar. What stood out from the Red-Hot auction was the level of diversity. The event featured some of the best 1990s supercars, 1960s muscle cars, modern hypercars, 1950s American classic cars, and some classic pre-war vehicles. Here are ten of the biggest sales from the 2022 Red-Hot auction.

ten 1955 Mercedes-Benz 300SL Aluminum Butterfly Coupe – $6,825,000

1955 Mercedes-Benz 300SL Aluminum Butterfly Coupe

It’s been six years since one of the 29 units of this exotic aluminum Gullwing coupe showed up at public sale events, and nearly ten since one was sold. So, despite looking like a regular old Gullwing coupe, this 300SL aluminum Gullwing coupe was by far the most valuable entrant in the Arizona sale this year.

1955 aluminum Mercedes-Benz 300SL Coupe Gullwing.

It’s not just an alloy car. It is a high end specimen. RM Sotheby’s claims it is among the few vehicles that have retained their matching numbers and alloy bodywork. This specific car was undamaged, had no serious repairs, and was restored by the Gullwing experts at Paul Russell & Company in the 1970s. At $6,825,000, the aluminum Gullwing Coupe remains the one of the most expensive classics sold at public auction.

9 1965 Shelby GT350R concept – $3,750,000

1965 Shelby GT350R prototype

The 1965 Shelby GT350R is more than just a Mustang; it was the prototype that laid the foundation for every other GT350R built by Shelby Carroll to tackle SCCA racing. The car won its first race in 1965 and took a total of 10 wins in the same year, the same year Shelby Mustangs topped the B-Production Division. The prototype continued to race from 1966 to 1968 before crossing the Mexican border to compete in the Mexican Trans-Am Series.

1965 Shelby GT350R prototype.

Known as the Flying Mustang, the GT350R concept car is one of the most important cars in Ford history. It was restored between 2010 and 2014 and sold for a record price of $3.85 million in 2020 at Indy. Bidding in Kissimmee quickly reached $3.4 million and closed at $3,750,000.

8 1931 Duesenberg Model J Derby Tourster – $3,415,000

1931 Duesenberg Model J Derby Tourster

1931 Duesenberg Model J Derham Tourster is the fourth of eight original Derham Tourster models ever built, and it retains its original chassis, body, firewall and engine. The Tourster also features award-winning restoration work that puts it at the top of the list of most adored classics of all time.

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1931 Duesenberg Model J Derham Tourster.

Model J prices vary, mostly based on body type, and this five-seat version is among the most desirable. The vehicle was built exclusively by Derham in Pennsylvania, and like the Derham sedan at Worldwide, the Tourster exceeded its pre-sale value and changed hands at $3,415,000.

7 2020 McLaren Speedtail – $3,300,000

McLaren Speedtail 2020.

As an exotic new supercar built in limited numbers, the Speedtail is one of the rarest performance vehicles in the modern automotive world. And that explains why only a handful of these mid-seat hypercars showed up at auction. Technically, the car is in the sub-$2 million range, but as it mostly happens with rare machines like the Speedtail, their value tends to increase once they start hitting the larger market. wealthy collectors.

McLaren Speedtail 2020

A quick peek into the past shows that RM Sotheby’s sold a Speedtail for $3.14 million in Monterey and Arizona for $3,277,500 last year. So the $3,300,000 price tag at the Red-Hot event makes perfect sense. The Speedtail sold in January belonged to mattress magnate Michael Fux, whose reputation for buying strong, special colors like this Volcano-Yellow supercar is exceptional.

6 1992 Ferrari F40 – $2,750,000

1992 Ferrari F40.

Last year at Monterey, the Ferrari F40 took a huge jump in value when three examples of the vehicle sold for $2,892,000, $2,425,000 and $1,600,000. Prior to 2021, the most expensive US-Spec F40 sold at auction was $1.71 million.

1992Ferrari F40

Monterey’s sales weren’t a coincidence or luck, as this classic 1992 F40 fetched nearly the same amount, only higher at $2,750,000. What was surprising about the sale was the 8,732 miles on the odometer. While rare analog beauties have been among the most sought-after vehicles in an already hotly contested market segment, the F40 tops the list.

5 1955 Mercedes-Benz 300SL Coupe Gullwing – $2,640,000

1955 Mercedes-Benz 300SL Coupe Gullwing

Another iconic and equally exotic 300SL is this 1955 Gullwing coupe that showed up in style at the Kissimmee event. The car surpassed its estimated pre-sale value of $2 million and #1 condition status to score a whopping $2,640,000.

1955 Mercedes-Benz 300SL Coupe Gullwing.

The vehicle is professionally restored and features adorable Rudge wheels. But is that enough to explain this massive result? Probably not. The number of bidders willing and able to part with large sums of money for this car was inexplicable, and that is the only valid reason for its $2.6 million price tag.

4 1964 Mercedes-Benz 300SL Roadster – $2,315,000

1964 Mercedes-Benz 300SL Roadster
By Lothar Spurzem – Own work, CC BY-SA 2.0 from,

The 300SL is among the most iconic Mercedes-Benz classics ever built, coupe or convertible. And this particular model represented the penultimate 300SL Roadster ever built. It features notable upgrades such as disc brakes and alloy engine block only found on later cars. The car also came with a factory hardtop and is believed to have been built and delivered new to the Shah of Iran. Before January, the 300SL Roadster was fully restored to high standards.

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1964 Mercedes-Benz 300SL Roadster.
By Lothar Spurzem – Own work, CC BY-SA 2.0 from,

The Roadster’s Arizona price puts it in first place in the Hagerty Price Guide, the fourth highest price ever paid for a 300SL Roadster at auction. It sold for $2,035,000 in 2014 before restoration and sold for a whopping $2,315,000 in January of this year after restoration.

3 1929 Duesenberg Model J Derby sedan – $2,260,000

1929 Duesenberg Model J Dermam Sedan

For a time, the automotive community believed that no one wanted pre-war cars anymore. Well, collectors at the Scottsdale auction begged to disagree, and this 1929 Duesenberg Model J Derham sedan is living proof. It was one of the biggest surprises of the auction. Its fully restored engine fetched $847,000 including the buyer’s premium and cost an additional $1.4 million to acquire the current Model J, which runs perfectly fine.

1929 Duesenberg Model J Derham Sedan.

The car was clad in swoopy period Bohman & Schwartz bodywork which made it look quite old and perfectly restored. the Duesenberg Model J Derby Sedan sold for $737,000 in 2018fetching $2,260,000 over three years was massive appreciation.

2 1951 Hirohata Mercury Custom – $2,145,000

1951 Hirohata Mercury Custom
By ATOMIC Hot Links – Flickr: NHRA Museum, CC BY-SA 2.0,

There are only 30 cars on the National Register of Historic Vehicles, and the Hirohata Merc is one of them. The vehicle was customized by brothers George and Sam Barris for Bob Hirohata, and it is arguably the most popular custom vehicle ever built. It has honored some of the top car magazines like hot rod for Engine trend and inspired several custom vehicles.

1951 Hirohata Mercury customized.

Like many cars that showed up at the Red-Hot auction in January, the Merc exceeded Mecum’s estimated pre-sale value of between $1M and $1.25M to sell for a whopping $2,145,000. For reference, the best and well maintained Standard 1951 Mercury Club Coupe only costs about $55,000.

1 2016 Pagani Huayra – $2,117,500

2016 Pagani Huayra

Pagani produces some of the rarest cars in the world – its cars are hand-built, bespoke beauties, naturally with high price tags. Only 100 Huayra models were builtso it’s always a memorable occasion when it comes to selling.

2016 Pagani Huayra.

The average price of a Huayra ranges between $1.8 million and $2 million, and this modern 725-mile supercar had a pre-sale value in that range. Expensive! But not according to the guy who acquired it for the colossal sum of $2,117,500. Featuring a black-and-gold-on-red-and-black paint job, the 2016 Pagani Huayra was a beauty that anyone would be more than willing to part with such a sum of money.

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