ELI5: Explain Like I'm 5

Most expensive cars sold in auction

Hi there! Today we're going to talk about super special cars that are sold in very fancy auctions. These cars are so special and rare that they cost lots and lots of money. Are you ready to learn about them?

Okay, let's start with what an auction is. Do you know what happens when you sell your old toys in a yard sale? An auction is a lot like a yard sale, but for grown-ups who want to sell their really expensive cars. People who are interested in buying the expensive car go to the auction and try to buy the car they want.

Now, let's talk about the most expensive cars ever sold in auctions. These cars are not like the cars you see on the street, they are really special and sometimes they are the only one of their kind in the world. That means they are one-of-a-kind and unique.

One of the most expensive cars ever sold at an auction is a Ferrari 250 GTO. This car was sold for more than $48 million. That's a lot of money! Why was this Ferrari so special? Well, for starters, it was built in the 1960s and only about 36 were ever made. It also won many races and was a favorite of famous car enthusiasts.

Another super special car that was sold for a lot of money is a Bugatti Type 57SC Atlantic. This car was sold for over $43 million! What made this car so special? First of all, it was built in the 1930s, making it almost 100 years old. It is also very rare, with only four ever being made. And its design was very unique, with a long hood and sloping roof that made it look like a very stylish sports car.

So, do you understand now what an auction is and why some cars sold at auction cost so much money? It's because they are really special and rare!