Oldsmobile F-88 concept car sold for $3.24 million

The Oldsmobile F-88 is similar to the Chevrolet Corvette concept car -- they were termed "dream cars" at the time -- that debuted a year earlier and quickly entered production. Both were two-seat roadsters with fiberglass bodies. The F-88 is powered by a 324 cubic-inch Oldsmobile Rocket V-8 engine producing a maximum 250 horsepower.

The car was auctioned Saturday at the 34th annual Barrett-Jackson classic car auction in Scottsdale, Ariz. The $3.24 million final selling price was the highest ever paid for a car at that auction.

The previous record, $2 million paid for a Hispano-Suiza J12 Binder, had stood for 15 years.

A 1962 Aston Martin DB4 GT "Zagato" sold for $2.7 million. This Italian-designed British sports car has a 305 horsepower, 3.7-liter engine.