We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Vroom vroom

An 'unnamed American rich dude' is selling a fleet of cars for €58 million

Someone is saying goodbye to quite a collection.

SOME VERY WEALTHY American is saying goodbye to some prized possessions.

The unnamed person in the US has decided to put a fleet of rare and expensive cars up for auction in a bid to raise around $65 million (€58 million).

Sotheby’s revealed that an anonymous car collector is putting their “Pinnacle Portfolio,” a collection of more than 20 post-World War 2 cars, up for sale at California’s Monterey 2015 Classic Car Auctions on August 13.

No reason for the mass sale of vehicles has been given.

Porsches, Ferraris and Bugatti Veyrons up for grabs

The portfolio includes cars from the 1950s and 60s, Porsches, Ferraris, a 1993 Jaguar XJ220, and Bugatti Veyrons.

It even includes an Enzo gifted to the late Pope John Paul II. The car apparently has an inscription by former Ferrari Chairman Luca Cordero di Montezemolo under the hood.

shutterstock_273257750 Ferrari Enzo Shutterstock / betto rodrigues Shutterstock / betto rodrigues / betto rodrigues

According to Autoblog and other car enthusiast websites, Ferrari’s 400th Enzo was sold by Pope John Paul II in 2005 to “an unnamed American rich dude for $1.1 million, twice the going rate.

One of the other highlights of the collection is the 1998 orange, three-seater F1 “LM-Specification” car, which is set to rake in around $12 million.

shutterstock_65122000 Bugatti Veyron Shutterstock / Max Earey Shutterstock / Max Earey / Max Earey

The Pinnacle Portfolio also includes the first and last Bugatti Veyrons in the latest production run.

Read: Is your area FINALLY going to get super-fast broadband?>

Read: Starbucks is quietly sneaking the cappuccino off its menus>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Published with permission from
Business Insider
Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.