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.
Since 1950, the Pebble Beach Concours d’Elegance has been a showcase and competition for the world’s most beautiful automobiles. Entrance is by invitation only, and requires that the car has not been shown at another concours.
A number of automotive events have flourished in the light cast by the Pebble Beach Concours d’Elegance, perhaps none so vigorously as the Concorso Italiano.
Many of the highlights this year overlap, like the Porsche Werks Reunion and The Quail, so preparing a down-to-the-minute schedule is essential. Check out our itinerary below to avoid missing a moment of Monterey.
