This summer, RM Sotheby’s, Bonham’s, and Gooding & Company hosted online auctions in place of their usually scheduled Monterey events. Topping the list of cars sold at these auctions are a 2001 Ferrari V12 berlinetta that sold for $4.29 million at RM and a 1966 Ferrari 275 GTB “long nose,” which sold for $3.08m at Gooding & Co.
Most collector-car auction houses already offered absentee bidding options and live streaming auctions as part of regular operations, the safety and travel restrictions posed by COVID-19 spurred the industry to apply creative solutions. Learn more about Mecum, Gooding & Company, Bonhams and more are operating their summer auctions.
Over the coming months, auction houses are hosting both online and live auctions. This includes Mecum, RM Sotheby’s, Gooding & Company, and Bonhams. The schedule is outlined here, with events in July and August.
The Ferrari Testarossa burst onto the scene for 1985, starring in Miami Vice alongside Don Johnson. It competed against Magnum P.I. starring Tom Selleck, his famous mustache and Ferrari 308 GTS. The Testarossa is an iconic 1980s wild child that belongs in every Ferrari collection.
Now that the many great automotive-based events at Amelia Island have concluded, we can look at the best of the best. At the auctions, aggregate sales were up this year, reaching $77.4 million. In addition, the 25th anniversary edition of the Amelia Island Concours d’Elegance, held on March 8th, stands as likely the best in the event’s history.
At the Amelia Island Concours auctions this month, Bonhams has a 1971 model Mercedes-Benz 280SL up for grabs, with an older restoration and a pre-sale estimate of $90k-$110k.
Taking place this year on March 8th, the Amelia Island Concours d’Elegance draws nearly 250 show vehicles and legions of classic car fans every year. This year’s event will honor Roger Penske, and the featured marque is Lozier. Best of all, since its inception, this event has generated over $3.5 million in support of local and national charities.
In a few weeks at the Amelia Island Concours d’ Elegance, Gooding & Company’s auction will offer a 75,000-mile 1994 BMW 850CSi in the stunning shade Hellrot (German for light red). Pre-sale estimates put this car between $90,000-$110,000, approximately the same price as when the car was new.
The going rate for a Ford GT is about $1.2M-$1.5M, or nearly three times the GT’s original $447,000 MSRP (before options). Barrett-Jackson’s top sale in Scottsdale was $1.485M for a 2017 GT with just 141 miles. A ’17 Ford GT in ’66 Heritage livery was the top sale at Barrett-Jackson’s Las Vegas auction in October 2019. It sold for $1.54M.
