The news from Monterey is one of records shattered. At RM Sotheby’s, a 1962 Ferrari 250 GTO set the world record for highest price ever paid for a car at auction: $48.4m. It all added up to over $367m for the week, a jump over last year’s $330m.
Like vintage Ferraris and authentic Cobras, the Siata 208S Spider commands high prices. A 1953 model offered by Bonhams at its Quail Lodge auction in Monterey this weekend is expected to sell for $1.5m-$1.8m.