Tesla Cyberbeast Sets New Auction Record, Sells for $262,500

April 9, 2024 by RM Sothebys

The first Tesla Cyberbeast, the highest specification Cybertruck available, auctioned exclusively online by Sotheby's Motorsport (SOMO), set a world record by selling for $262,500 today

• The Tesla Cyberbeast made its auction debut exclusively through Sotheby's Motorsport (SOMO) online, from 2–9 April 2024.

• Bidding was strong from the start, quickly reaching the truck's sticker price, and continued to rise to the final sale price of $262,500.

• Its sale reflects the growing collectibility of electric vehicles and Tesla's disruptive impact on the automotive industry.

Tesla's latest marvel, the Cyberbeast, made its auction debut in an online event, exclusively through Sotheby's Motorsport (SOMO). The auction, open for bidding through 9 April 2024, presented a unique opportunity for collectors and enthusiasts to acquire the very hard-to-acquire Cyberbeast.

'As we anticipated, the announcement of the Cyberbeast's sale through Sotheby's Motorsport immediately captured the internet's fascination. We often get asked whether Teslas can or are considered collectible cars. Our response has always been affirmative, and the overwhelming interest in this auction only reinforces our conviction. The global bidding for this polarizing truck, a testament to its allure, was remarkable. With the auction held without a reserve, the outcome was unpredictable, yet bidding started strong and swiftly reached the truck's sticker price, continuing to climb until it culminated in a record-setting $262,500. This event is a clear indication of the Cybertruck's collectibility and signals more thrilling opportunities ahead with Sotheby's Motorsport. Stay tuned for what's next' Colleen Cash, President of Sotheby's Motorsport.

Bidding for this groundbreaking truck commenced at $75,000, with the auction proceeding without a reserve, ensuring an opportunity for enthusiasts and collectors to own a piece of automotive history. It ultimately sold for a world record price of $262,500 on 9 April 2024.

The freshly delivered 2024 Cyberbeast stood as the zenith of Tesla's ingenuity, destined to significantly influence the collectibility of electric vehicles in the future. This avant-garde model, in delivery condition, was fully outfitted for the contemporary era. It boasted a tri-motor all-wheel drive for thrilling performance, a cutting-edge interior featuring the latest in Tesla's autonomous driving technologies, and substantial capabilities that underscored its practical yet revolutionary design. The Cyberbeast not only embodied the future of electric mobility but also paid homage to Tesla's heritage of industry disruption, highlighting its unparalleled contribution to the automotive landscape.

About SOMO

Sotheby's Motorsport is a premier online auction destination for automotive enthusiasts and collectors alike. Dedicated to the passion and artistry of automotive design, Sotheby's Motorsport offers a unique platform for buyers and sellers to engage in the world of high-performance and classic automobiles.

About duPont REGISTRY Group

duPont REGISTRY Group is the epitome of the high-end automotive lifestyle, bringing together culture, community, and commerce. duPont REGISTRY Group is a vibrant community of automotive enthusiasts. Its portfolio includes duPont REGISTRY, Sotheby's Motorsport, Canossa Events, Cavallino, and FerrariChat.

About RM Sotheby's

RM Sotheby's is the world's largest collector car auction house by total sales. With over 40 years of proven results in the collector car industry, RM's vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby's is currently responsible for eight of the top ten most valuable motor cars ever sold at auction.

Photo credit: Kennett Mohrman/Sothebys Motorsport
posted on conceptcarz.com