What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
What better prelude to the 72nd Pebble Beach Concours d’ Elegance® than to buy a car (or few cars) from the auctions held in conjunction with this pinnacle event? If you’re bidding or selling, the action is at the auctions, of course. We’ve assembled the auction itinerary here and selected some highlights from the Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s sales.
Forget March Madness, Florida brought the heat to the collector car world with the quartet of Amelia Island auctions booking $186 million in sales, a record for the venue. The top sale, a 1962 Ferrari 250 GT California Spider, accounted for $18M by itself. Ferraris grabbed 13 slots across the four auctions’ Top-10 lists, and Porsches took four. Modern supercars made some auction Top-10 lists, including $5.3M for a rare Pagani Zonda and $2.4M for a McLaren P1. A 1931 Duesenberg put the spotlight on Pre-war cars with a $4.3M sale.
The Acura NSX, a Japanese supercar introduced in 1990, reached a higher peak with its 1999 Zanardi Edition. Commemorating Alex Zanardi’s Championship Auto Racing Teams (CART) IndyCar championships in 1997 and 1998 in Reynard-Hondas, only 51 cars were built. At its Quail Lodge auction this month, Bonhams will offer the #3 car, which has had three owners, and shows only 17,300 miles. The pre-sale estimate is $240,000-$280,000
By all accounts, the auctions at The Amelia — now under the ownership of Hagerty — were a grand success, with the sales from RM Sotheby’s, Bonhams and Gooding & Company totaling nearly $126M. Notably, a 1937 Talbot Lago set a world record price for the marque and for French cars at $13,425,000
Here are our “Cars to Watch” for the Bonhams auction at Amelia Island, which features more than 80 automotive offerings, plus a diverse assemblage of memorabilia and collectibles and 50 vintage motorcycles.
25 supercars and luxury models were confiscated by Swiss authorities from Teodoro Nguema Obiang Mangue and sold at Bonhams auction in Switzerland last month.
Owning a Bugatti is about having something rare and desired and experiencing a thrill that no other car in the world can deliver. Bugatti makes such cars because it is possible, and car enthusiasts of all stripes and demographics admire the car.