January kicked off collector-car auction season with a big bang and big dollars. Following Mecum’s $275M haul in Kissimmee, Florida mid-month, the traditional Arizona auctions added about $245M more to the tally, with $200M of that from Barrett-Jackson’s no-reserve sale in Scottsdale. Bonhams, though, had the highest-priced auction sale in Arizona, with $5.175M buying a Bugatti Chiron Super Sport 300+ (as in 300+ mph test-track capability) for a car with just Bugatti’s test and delivery miles.
Has inflation taken a bite out of the exotic car market? Premier Financial Services Midwest Regional Sales Manager Ross Dressel has seen a dip in activity in the $200K-$500K heart of that segment. But meanwhile, “affordable” pre-owned exotics and classics in the $75K-$200K range are getting more action for America’s #1 exotic and classic car lease financing provider. Who’s up? Who’s down? Read here to find out.
McLaren has given its alluring 720S a hefty update, including a 30-hp boost that triggers a badge change to 750S. The 66 pounds McLaren cut from the 720S might seem small in terms of acceleration performance, but it lets McClaren claim the 750S as its lightest-ever “series production” model (which excludes limited models). A major cockpit revision enhances driver control, and a new exhaust system unleashes howling soundtrack. Best of all, there’s a choice between coupe and Spider models.
The new McLaren 765LT Spider is built for insanely fast speeds. With obsessive attention to reducing mass, the car’s pricing starts at $382,500, without a stereo system or air conditioning, which are no-cost options that add 25 pounds to its weight. This venomous Spider will run from 0-60 in just 2.7 seconds, obliterate the quarter-mile in 10 seconds and top out at 205 mph if you have enough track.
If you paid $1.32 million for a 2018 Ford GT Heritage Edition with only 7 miles on the odometer, would you drive that car? That was just one of the very low-mileage dream cars that sold at Mecum’s live auction in Kissimmee, Florida. Mecum’s total sales of $217 million (with a 90% sell-through rate) marks the first collector car auction to surpass $200 million for a single event. Read about the top selling cars.
McLaren recently showed its next Ultimate Series car, the Speedtail, to customers who committed to buying the 106 cars to be built. That’s (intentionally) the same number of F1s made, and, like that seminal supercar, the Speedtail puts the driver in the middle, flanked by a passenger seat on either side.