If Elton John continues to sell cars at this pace, the Rocket Man may need to start traveling by rocket. And with the money thrown his way at Tuesday's Christie's auction, he might be one step closer to being able to afford it.
John took in $2.75 million in the auction of 20 luxury classic cars from his collection, according to Reuters. That was twice as much as the auction house expected to take in.
"When the bidding kept going up and up way above the estimates I was both thrilled and surprised," John said in a statement from his Atlanta home. "There's obviously a lot of money to be made from second-hand cars!"
John's 1993 Jaguar XJ220, which sold for nearly $331,350, against an estimate of $183,000-$225,000, was the auction's top item, followed by a 1973 Rolls-Royce Phantom VI limousine, which went for $314,500, twice the expected price.
"The atmosphere was absolutely electric," a Christie's spokesperson told Reuters. "We had to use two sale rooms, there were so many bidders."
John said he was selling the cars because he is away from his home in England so much that he cannot drive them (see "Elton John's Luxury Rides Up For Auction").
In April, John lost a multimillion-dollar court battle against his former accountant and ex-manager that exposed details of his excessive lifestyle, including how he spent nearly $56 million in a 20-month period (see "Elton John Loses Suit Against Former Accounting Firm, Manager").