A car collector has bought a Ferrari for $4.95 million at an auction in Scottsdale.
The undisclosed buyer bought the unrestored 1960 Ferrari 250 California Spider at the Gooding & Co. auction, one of four car auctions going on this week.
The sale is likely to be the top price paid at all the auctions. Combined sales of all four could top $100 million for about 1,700 automobiles.