DALLAS -- The man who paid $176,000 for the white hearse used to transport President John F. Kennedy's body after his assassination in Dallas plans to include it in his collection of about 400 cars in Colorado.

Stephen Tebo, a real estate developer from Boulder, bought the hearse Saturday in an auction. His winning bid was $160,000, plus a $16,000 buyer's premium.

The auction company said the 1964 Cadillac hearse carried Kennedy's body from Parkland Memorial Hospital to Air Force One for the flight back to Washington following his assassination on Nov. 22, 1963.

Tebo said he plans to eventually turn his car collection into a museum.