Lamborghini used the opportunity of “The Quail, A Motorsports Gathering” in Monterey, Calif. in August to unveil its latest track-ready supercar, the Aventador SVJ. The Aventador SVJ lapped the famed “Green Hell” in Germany in 6:44.97, setting the record for a production car.
At the RM Sotheby’s Monterey sale in August, a 1953 J2-X, one of the 83 made and known as “Little Red,” sold for $280k. (The pre-sale estimate was $275k-$375k).
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.
Monterey’s local newspaper, The Monterey Herald, delivered Car Week attendees with a long list of auction tips, provided by Premier CEO Mitch Katz.
Forbes magazine automobile columnist Jim Gorzelany, provided great advice for vintage car buyers, including some of CEO Mitch Katz’s tips on car auction etiquette.
This month, another GTO is likely to set the record for the most ever paid for a car at auction. RM Sotheby’s Monterey sale is offering a 1962 GTO, #3413, which is one of a few that were re-bodied by Scaglietti with the Series II/GTO 64 body. It is expected to bring $45-$60m.
If you’re attending the Pebble Beach Concours d’Elegance this month, be sure to stop by the Bentley display. The marque is introducing a special model to celebrate its centennial, which occurs in 2019, and the car includes a unique piece of Bentley history.
RM Sotheby’s is a giant among collector car auctions. For over 30 years, they’ve been saving their best for Monterey, honoring the Pebble Beach Concours d’Elegance with a docket of worthy motors.
