If you plan to be in New York City on November 13 and have easy access to about $60 million, why not take a chance bidding on a one-of-one Ferrari? The RM Sotheby’s Modern and Contemporary Art auction will offer a 1962 Ferrari 250 GTO that’s also known as the 330 LM. The car was built to suit a new race class at the time, which allowed replacing the 25 GTO’s 3.0-liter V12 with a more powerful 4.0-liter. Ferrari kept this special GTO for its own Scuderia Ferrari race team. Will this car surpass the reported $70 million a private collector paid for a 250 GTO in 2018? We shall see on November 13.
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.
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 letters on your modern car’s trunk lid might have no real meaning, but the “S” on the back of a classic Porsche 911 signified a major performance upgrade over the standard car. Porsche’s marketing for the original 911S cautioned, “This is no car for a novice.” The 911S rewarded skilled drivers while being known to put a scare into those unfamiliar with its handling traits. RM Sotheby’s is offering a rare concours-restored 1968 911S at no reserve at its Amelia Island auction in March. Expect hot bidding.
The legendary Jaguar XK-120, first introduced in 1949, has played an important role in sports car lineage, both in terms of styling and performance. A very early alloy-body XK-120 (chassis number 670019), will be offered at Gooding & Company’s Pebble Beach auction, with a pre-sale estimate of $250K-$300K.
Premier’s range of picks at the 2022 Bonhams Scottsdale Auction covers nearly every type of dream car…from a Lamborghini Countach, to an Aston Martin DB4 Series II, to a Jaguar XKE Series I, and a Shelby GT500KR Fastback. If there’s a Bonhams car that suits your taste, we’re happy to prepare you with the financing to bid with confidence.
Come along on a virtual road trip around Colorado. This drive includes the towns of Boulder, Nederland, Lyons, and sites such as Carousel of Happiness, Oskar Blues and the Rocky Mountains. Plus, roads Highway 36, Peak To Peak Highway 72 and Colorado State Highway 7. All in a 1969 Jaguar.
At its Amelia Island auction, Gooding & Company will offer an exemplary rendition of this ultra-rare and prized Ferrari, a 1956 410 Superamerica Series I that’s had only three owners and under 7,500 miles from new. It has been restored twice. The pre-sale estimate is $5m-$6m.
The C-Type is an ideal example of an automotive icon, hence the inclusion of a 1952 version in RM Sotheby’s “Icons” auction scheduled for December 6 in New York. This particular example, chassis XKC 007, is the seventh of 53 cars in the chassis number sequence. The pre-sale estimate is $5.5-$7m.
