Most BMW fans recognize the M1 as the supercar that launched the marque’s M brand. But few know the convoluted back story of how the M1 was designed and commercialized. At Monterey Car Week, Broad Arrow Auctions sold a numbers-matching 1981 BMW M1 for $692,500. Learn how the M1 became a legend.
Auction sales from Monterey Car Week totaled a record-setting $469 million; more than $126 million than last year’s total. RM Sotheby’s three-night auction accounted for more than half of that total, setting a record with a staggering $239.2 million in sales. Catch up on results from all the auction houses.
Built 35 years ago, Porsche’s 959 is still considered king of the marque’s 911 line. Only 292 cars were made, with a price tag of $227,000, and Porsche reportedly lost money on each one. Broad Arrow Auctions is offering a 1987 Guards Red 959 Komfort at its Monterey Jet Center Auction, with a pre-sale estimate of $1.4 – $1.6 million.
RM Sotheby’s Announces new client financing partnership with leading specialist 1st Financial Bank USA / Premier Financial Services, LLC
Whether you’re attending any or all of the Monterey Car Week events, in person or virtually, you’ll need a detailed schedule to keep track of all the activity. That’s exactly what we’ve provided. Click through to know where you need to be, and when you need to be there. Enjoy!
Monterey Car Week 2022, including the Pebble Beach Concours d’ Elegance®, is just days away, and our regional sales managers have made their annual “Cars to Watch” selections, covering a broad range of classic vehicles. Their picks include a 1995 Ferrari F50 (pre-sale estimate of $4.5 – $5.5 Million); a 2010 Porsche 911 GT3 RS 3.8 ($250K – $300K); and even a 1962 Volkswagen Type 2 Deluxe Microbus ($140K – $180K). Perhaps some of your favorites are among their picks.
If you paid $1.32 million for a 2018 Ford GT Heritage Edition with only 7 miles on the odometer, would you drive that car? That was just one of the very low-mileage dream cars that sold at Mecum’s live auction in Kissimmee, Florida. Mecum’s total sales of $217 million (with a 90% sell-through rate) marks the first collector car auction to surpass $200 million for a single event. Read about the top selling cars.
Premier was honored to be a sponsor of this year’s Colorado Grand, one of the nation’s oldest and most respected charity tour events. Here are highlights of the rally, from the perspective of our Vice President of Sales, Doug Ewing and longtime Premier client Tony Connor, who spent 5 days and 1,000 miles together as co-drivers of Tony’s modified 1956 356A Porsche.
This year, the Bonhams Quail Lodge Auction 2021 will feature vintage, classic, modern, and new cars. Marques and cars featured include Aston Martin, Ferrari, Lamborghini, Lancia, plus a classic AC Fastback.