Classic-car buyers left $469M behind at Monterey’s auto auction this past weekend, setting a record for these sales and blowing past the $343M dropped last year. RM Sotheby’s three-night auction accounted for more than half of that total, setting a record with a staggering $239.2M sale. Nine of the top-10 sales for the weekend were from RM Sotheby’s, with the 1955 Ferrari 410 Sport Spider topping the weekend at $22M.
Gooding & Company brought in $109.5M, with its top sale, a 1937 Bugatti Type 57 Atalante Coupe, accounting for a tenth of that. Newcomer Broad Arrow Auctions, now a part of Hagerty, sold all but five of its 93 lots for $55.2M, with its top car, a 1957 Ferrari 250 GT Tour de France, bringing 10 percent of the total. Bonhams added about $30M to the weekend tally, showing a 95-percent sell-through. Mecum accounted for most of the rest.
Supercars, Mid-Century and Pre-War All Shined
All told, 112 cars sold for $1M or more, which was a record for the Monterey sales. Modern supercars were hot. Broad Arrow Auctions sold a 1995 Ferrari F50 for a record $5.175M and a La Ferrari for $3.91M. Gooding & Co. sold the ex-Mike Tyson Ferrari F50, one of Premier’s Cars to Watch, for $4.625M. Just two steps below on Gooding’s top-10, a Ferrari Enzo brought $4.13M. A Premier Monterey preview car, the one-of-20 Lamborghini Reventon sold for just under $2M at RM Sotheby’s, which was the top of its estimate. At the Bonhams Quail auction, a 1995 Porsche 911 GT2 sold for $1.545M.
Pre-war cars also showed strength, taking the second, third, fourth and ninth slots on the top-10 weekend sales list attest (see below). The 1937 Mercedes-Benz 540K Sindelfingen Roadster that RM Sotheby’s sold for $9.9M was a on Premier’s Cars to Watch list. Gooding & Company sold a 1930 Cadillac Series 452 V-16 Roadster for $1.655M.
Bonhams, always reliable for pre-war greats, sold a 1931 Stutz DV-32 Convertible Victoria, with one-off coachwork by LeBaron, for $1.435M. The 1926 Rolls-Royce Silver Ghost Piccadilly Bonhams sold for $1.435M, doubling its estimate. Mecum had two pre-war greats in its Top-10, a 1931 Marmon Sixteen and a 1936 Duesenberg Model J Rollston Convertible Berline.
It’s also worth pointing out that a 1932 Duesenberg Model J Figoni Sports Torpedo took top honors in the Pebble Beach Concours d’ Elegance.
In between the pre-war cars and supercars, there were plenty of Fifties and Sixties gems to go around. Ferraris of this period accounted for six of Monterey’s top-10, including, of course, the top sale.
MONTEREY AUCTIONS: Top-10 Sales
- 1955 Ferrari 410 Sport Spider: $22M (RM Sotheby’s)
- 1937 Bugatti Type 57 Atalante Coupe: $10.345M (Gooding & Company)
- 1937 Mercedes-Benz 540K Special Roadster: $9.9M (RM Sotheby’s)
- 1924 Hispano-Suiza H6C Transformable Torpedo: $9.245M (RM Sotheby’s)
- 1957 Ferrari 500 TRC Spider: $7.815M. (RM Sotheby’s)
- 1966 Ferrari 275 GTB/C Coupe: $7.595M (RM Sotheby’s)
- 1954 Ferrari 375 America Vignale Cabriolet: $7.595M (RM Sotheby’s)
- 1953 Ferrari 375 MM Spider: $7.485M (RM Sotheby’s)
- 1938 Talbot-Lago T150-C SS Teardrop Coupe: $7.265M (RM Sotheby’s)
- 1958 Ferrari 250 GT Cabriolet: $6.825M (RM Sotheby’s)
With 180 cars sold (95 percent of all lots), RM Sotheby’s auctions total of $239,258,340 was more than all other Monterey auctions combined, the auction house said. Fifty-two lots sold for over $1M. The sale also broke a world record for the highest-ever grossing automotive auction. Since RM Sotheby’s took nine of the top-10 sales for the whole weekend, the only other car to add to its own top-10 is the 1998 Ferrari F300 Formula One racecar that sold for $6.22M.
RM Sotheby’s said 17 percent of bidders were new to the auction company, and of those, 11 percent purchased cars.
Gooding & Company
The Gooding & Company top-10 was a mostly Ferrari, Porsche and Bugatti affair, covering multiple periods of each marque’s history. One of Premier’s preview cars, the 1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico sold for $6M, an astounding $1M above its top estimate.
Gooding & Company Top-10 Sales
- 1937 Bugatti Type 57SC Atalante: $10.345M
- 1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico: $6M (Premier preview car)
- 2007 Porsche RS Spyder Evo racer: $5.615
- 1995 Ferrari F50: $4.625M
- 1969 Porsche 908/02: $4.185M
- 2004 Ferrari Enzo: $4.130M
- 1990 Ferrari F40: $3.965M
- 1994 Bugatti EB110 Super Sport: $3.167M
- 1937 Mercedes-Benz 540K Sport Cabriolet A: $3.085M
- 1973 Porsche 911 Carrera RS 2.7 Lightweight: $2.425M
Broad Arrow Auctions
Broad Arrow Auctions made a big splash with its first-ever auction, the Monterey Jet Center sale, tallying $55,256,900 with 88 percent of 93 lots sold. Held in conjunction with Hagerty’s Motorlux event on Wednesday evening, the auction featured veteran Lydia Fenet as principal auctioneer for Broad Arrow.
Broad Arrow Top-10 Sales
- 1957 Ferrari 250 GT LWB Berlinetta Scaglietti Tour de France: $5.5M
- 1995 Ferrari F50: $5.175M
- 2015 Ferrari LaFerrari: $3.91M
- 1971 Mercedes-Benz 600 LWB Landaulet: $2.59M
- 1964 Aston Martin DB5: $2.425M
- 1990 Ferrari F40: $1.985M
- 2015 Porsche 918 Spyder Weissach Package: $1.93M
- 1987 Porsche 959: $1.875M (Premier Preview car)
- 2005 Porsche Carrera GT: $1.765M
- 1956 Mercedes-Benz 300 SL “Gullwing” Coupe: $1.628M
Bonhams’s Quail Lodge sale upheld the company’s penchant for presenting an eclectic lineup. The sale price of the 1938 Bugatti Type 57C Atalante was not disclosed but was hinted to be the top sale. There was a 69-year gap between the oldest and newest cars on the Top-10 sales list. Bonhams sold two cars from Ferrari’s foundational years. The 1955 250 GT Europa by Pininfarina, the last of this model series built, brought $2.095M, and a 1952 212 Inter Alloy Coupe by Ghia sold for $1.215M. Two Mercedes 300SL’s placed on the Top-10, a Gullwing and a Roadster.
Bonhams Top-10 Sales
- 1938 Bugatti Type 57C Atalante: price not disclosed
- 1955 Ferrari 250 Europa GT by Pinin Farina: $2.095M
- 1969 Lamborghini Miura P400S: $1.957M
- 1956 Mercedes-Benz 300SL Gullwing: $1.737M
- 1995 Porsche 911 GT2: $1.545M
- 1931 Stutz DV-32 Convertible Victoria by LeBaron: $1.435M
- 1926 Rolls-Royce Silver Ghost Piccadilly: $1.435M
- 1951 Ferrari 212 Inter Alloy Coupe by Ghia: $1.215M
- 1958 Mercedes-Benz 300SL Roadster: $1.039M
- 1965 Lamborghini 350 GT: $742K
Mecum delivered on its reputation for covering the spectrum of the car world, with both modern supercars and pre-war classics in its Top-10. Where else would you find a Ferrari 250 GT TdF and a Marmon Sixteen on the same list as a Bugatti Veyron and two La Ferrari prototypes? And, what would a Mecum top-10 be without a member of muscle car royalty, in this case one of the 17 Plymouth ‘Cuda 440 Six-Barrel convertibles built for 1971. Surely, the award for “longest and most expensive car name” must go to Mecum’s third-place finisher, at $260K per word (see below).
Mecum Top-10 Sales
- 1958 Ferrari 250 GT Tour de France Alloy Berlinetta: $2.86M
- 1936 Duesenberg Model J Rollston Convertible Berline: $2.695M
- 2014 Bugatti Veyron 16.4 Grand Sport Vitesse Jean-Pierre Wimille Legend Edition: $2.64M
- 2014 Ferrari LaFerrari Prototype PS1: $2.5M
- 1990 Ferrari F40: $2.31M
- 1962 Mercedes-Benz 300SL Roadster: $1.705M
- 2012 Ferrari LaFerrari Prototype MP1: $1.595M
- 1959 Mercedes-Benz 300SL Roadster: $1.485M
- 1931 Marmon Sixteen Convertible Coupe: $1.182M
- 1971 Plymouth ‘Cuda Convertible: $1.1M
Highlights of Premier’s Cars to Watch
MICHELLE YANCEY, Southwest Sales Manager
1958 Porsche 356A 1500 GS/GT Carrera Speedster: $1.325M (Gooding & Company)
Lamborghini Reventon: $1.952M (RM Sotheby’s)
JUAN GARCIA, West Coast Sales Manager
1995 Ferrari F50: $4.625M (Gooding & Company)
1937 Mercedes Benz 540K Special Roadster: $9.9M (RM Sotheby’s)
ROSS DRESSEL, Midwest Sales Manager
2010 Porsche 911 GT3 RS 3.8: $368K (Gooding & Company)
Lamborghini Reventon: $1.952M (RM Sotheby’s)
KEITH NEELANS, Northeast Sales Manager
2018 Aston Martin Vanquish Zagato Volante: $544K (Gooding & Company)
1959 Maserati 3500 GT Spyder Prototype by Vignale: $1.025M (RM Sotheby’s)
CHRIS WARREN, Southeast Sales Manager
1962 Volkswagen Type 2 Deluxe microbus: $117,600 (Gooding & Company)
1955 Maserati A6G/54 Spyder by Zagato: Sold after auction, price not disclosed (RM Sotheby’s)