$4.5 million car found in garage
The Associated Press reports that the car is one of only 17 made, and appraisers expect that it will fetch more than $4.3 million when it is sold at auction in February. AutoBlog adds that "Estimated values for the car are all over the map, with values as high as £6 million (about $8.8M USD) being discussed."
It was originally owned by British race car driver Earl Howe and changed hands several times -- It hasn't been used since 1960.
I know literally nothing about cars except that friends make fun of me when I show up in a 1995 Volvo. But I wonder whether the price the car realizes at auction will be adversely impacted by the economy. Might the family be better off waiting a few years? Or perhaps a buyer will scoop it up at a bargain and then flip it when the economy rebounds.
Either way, it's one sweet ride for the Carr's.