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.
Revered by Corvette enthusiasts, the 1963 Sting Ray, especially when equipped with the fuel-injected 327 engine, remains a legend among the car’s 70 years of production so far. The radical new design covered a new, more advanced chassis than the first-generation Corvette had, and both performance and refinement edged closer to the European GTs. Sales soared, and the “fuel-injected Sting Ray” ended up in pop songs. Gooding & Company’s Pebble Beach Concours d’ Elegance® auction is offering a multiple-award winner with a pre-sale estimate of $250K-$300K.
With the added perk of super-rarity, the Bentley Continentals of the Sixties remain among the most sought-after of the marque’s classic cars. Gooding & Company’s 2023 Pebble Beach Concours d’ Elegance® auction is offering a rare left-hand-drive 1961 Bentley S2 two-door saloon with coachwork by H.J. Mulliner that exemplified this model’s divergence from the parent company. It has a pre-sale estimate of $400K-$500K.
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.
Auction season is running at full speed going into Monterey Car Week this August 11-20. (Yes, a 10-day week!) Five major auctions will take place there, drawing buyers and sellers from around the world. Plan to be there? Whether you’re looking for your next dream car or planning to sell one from your collection, it pays to be prepared. Premier Financial Services has put together a quick refresher course with insights from auction and sales pros offering advice on finding the car you want and bringing it home.
For those who have ever argued whether the 1968-1974 Dino was a “real” Ferrari, rest assured, it is. The debate was rooted in Enzo Ferrari’s decision to name the sports car for his son, Alfredo “Dino” Ferrari, who died in 1956. The young engineer had provided inspiration and technical input for a race-winning V6 engine that, a decade later, powered this pivotal road car in the Ferrari lineage. It was the exotic automaker’s first mid-engine model and the progenitor of a line that continues today. Recent near-million-dollar auction sales for Dinos have drawn attention.
Major auto auctions held in conjunction with the world-renowned Amelia Island Concours d’ Elegance in Florida offer some of the world’s most desirable collector cars, and Premier’s regional sales managers will be there for the action and to meet customers. In the meantime, they have posted their own “Cars to Watch” as picks for cars most likely to sell well. Except for one American supercar making the list, it’s a German and Italian feast.
Would you recognize this car as a Lamborghini? It’s the Islero, and it’s rare with just 225 made for 1968-1969. Named for the bull that killed one of Spain’s most famous bullfighters, the Islero packed the punch of a six-carburetor V-12 that could take it to 150 mph. The Islero’s modernistic look presaged the angular style would define exotic car design in the Seventies. Gooding & Company will offer this restored black 1968 Lamborghini Islero at its Amelia Island auction, where it is estimated to sell for up to $500,000.
A 1986 hit movie made the Ferrari 250 GT California Spider famous among non-enthusiasts, but the California Spider had a rich life before that film. Enthusiasts have revered the car as a pinnacle Ferrari classic since it left the factory more than a half-century ago. The Ferrari collectors who restored this 1962 California Spider bought it in lightly damaged condition in 1972 for – wait for it – $2,400! It is expected to sell for up to $22 million at the Gooding & Company Amelia Island auction.