Cars go to highest bidder (Orange County Register)- Topic: Car Auction News

Astor, 83, an Anaheim radio entrepreneur, spent three years and lost what he said was $8 million trying to make his collection a public attraction. The record for a single car collection sold in one day is $36 million, set in October 2006 by the collection of Otis Chandler, whose family formerly owned the Los Angeles Times. Ian Kelleher, managing director of RM Auctions, the Chatham, Ontario, company handling sales for MacPherson and Astor, said he expects the two collections together to fetch almost as much as Chandler’s. Last May, RM Auctions set a record at an auction in Europe, selling $46 million worth of Ferrari sports and racing cars at a historic racetrack in Maranello, Italy. Astor is also selling his collection of vintage radios, telephones, toy trains and other appliances artifacts of America’s vanishing industrial design prowess. read more

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