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Historics: Bonhams auction at Goodwood Festival of Speed raises $38.5 million

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The Bonhams car auction at the Goodwood Festival of Speed raised $38.5 million on Friday, June 27, according to a press release from the Goodwood Estate.

According to Goodwood, the star attraction was a 1954 Ferrari 375-Plus, a car used in iconic road races such as the Mille Miglia, Targa Florio and Carrera Panamericana. The car sold for $18.2 million (£10.7 million) following a "fierce battle between bidders."

A 1902 De Dietrich - formerly part of the Michael Banfield Collection - brought $1.7 million (£998,300)at Goodwood on Friday. The veteran was discovered during World War II when a German bomb "demolished the stable in which it had been sleeping on blocks since 1912," according to Goodwood.

With just four owners from new, the four-cylinder 4078cc De Dietrich is identical in specification to the works racers built for the 1902 Paris-Vienna challenge.

From older to newer, the Bonhams sale appealed to all tastes. One of the most iconic sports cars of the 20th Century -- a 1975 Lamborghini Countach LP400 "Periscopio" Coupé -- sold for a new world record $1.6 million (£953,500), according to Goodwood

Bonhams and Goodwood racing car historian Doug Nye, commented, "This sale has offered a phenomenal range of really special and important cars with their various classes. Above all, each of the prime cars offered has links with some of the greatest racing drivers of all time. Names like Jim Clark, Graham Hill, John Surtees and so many more. It’s always a pleasure to see new owners’ delight as the gavel falls. After all, they’re winners too."

The Richard Burns Foundation is the Festival of Speed’s official charity partner. The Festival of Speed beneficiary for 2014 is the Chestnut Tree House.

The Goodwood Festival of Speed runs through Sunday, June 29.