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.
A Lamborghini Miura, vintage Porsche, McLaren 675LT, Ford GT and BMW M1 are among the highlights of Gooding & Company’s 2020 Scottsdale Auction. This year’s auction features 170 vehicles.
25 supercars and luxury models were confiscated by Swiss authorities from Teodoro Nguema Obiang Mangue and sold at Bonhams auction in Switzerland last month.
Owning a Bugatti is about having something rare and desired and experiencing a thrill that no other car in the world can deliver. Bugatti makes such cars because it is possible, and car enthusiasts of all stripes and demographics admire the car.