2015 Monterey Car Week Auction Wrap-Up: Over $340 Million in Sales
Where classic Ferraris are king.
When the gavels finally stopped falling, three classic car auctions during this past weekend in Monterey raked in in excess of $340 million. While there were many cars that eclipsed the $1 million mark, six individual lots cracked well over $10 million.
RM Sotheby's - $172.7 Million
The crown for the most lucrative sales total goes to RM Sotheby's, which raked in an incredible $172.7 million over the course of two days. The auction block saw a fabulous 1964 Ferrari 250 LM bring a whopping $17,600,000, the highest sale from any auction house of the weekend. The 250 LM was a part of RM Sotheby's Pinnacle Portfolio, which was advertised as the "most valuable single collection of motor cars ever presented at auction." Those words seemed to ring true, as the collection saw a 1998 McLaren F1 LM take home $13,750,000 and a 1959 Ferrari 250 GT LWB California Spider fall for $8.5 million, capping the Pinnacle Portfolio sale at $75.4 million. Sotheby's also sold a fantastic 1953 Jaguar C-Type Works Lightweight for an eye-watering $13.2 million.
Gooding and Company - Over $128 Million
Gooding and Company also fared well, with more than $128 million in sales. Leaders from this auction included a 1961 Ferrari 250 GT SWB California Spider ($16,830,000), a 1962 Ferrari 250 GT SWB Berlinetta Speciale ($16.5 million) , and a 1982 Porsche 956 ($10,120,000). Other leaders from the Gooding sale included a very special 1960 Porsche RS60 ($5.4 million), 1957 Ferrari 410 Superamerica Series II Coupe ($5,087,500), and a 1967 Ferrari 275 GTB/4 ($3,877,500).
Bonhams - $46.7 Million
Finally, Bonhams pulled in an impressive $46.7 million at their Quail Lodge auction. At the very top, a gorgeous 1959 Ferrari 250 GT Competizione Alloy Berlinetta claimed $8,525,000. Following up, the rare European-market 1971 Ferrari 365 GTS/4 Spider brought $2,640,000. A 1951 Ferrari 212 Inter Cabriolet set a model record sale price at $2,200,000 when sold to a U.S. collector.