The news from Monterey is one of records shattered. At RM Sotheby’s, a 1962 Ferrari 250 GTO set the world record for highest price ever paid for a car at auction: $48.4m. It all added up to over $367m for the week, a jump over last year’s $330m.
Learn firsthand the ins and outs of proper car auction etiquette from Premier Financial’s Southeast Regional Manager, Chris Warren, in his interview with The Weekly Driver.
Forbes magazine automobile columnist Jim Gorzelany, provided great advice for vintage car buyers, including some of CEO Mitch Katz’s tips on car auction etiquette.
The Porsche Werks Reunion is Monterey Car Week’s destination for purists, gear heads, and those with an odd sense of humor. It is free to spectators and is Friday, August 24th.
The 1969-1970 Ford Mustang Boss 429 looms large among classic muscle cars, not as the most powerful or quickest, but as one of the most audacious. Mecum’s Monterey auction is offering two Boss 429s, one a 1970 rotisserie restoration and the other a modified 1969.
There’s always a crop of newcomers and those reluctant to participate, lacking a clear understanding of the protocol and unwritten etiquette involved in serious car auctions. We asked a group of the world’s most experienced car auction participants for insider tips to avoid making rookie mistakes at a car auction.
This 1975 Porsche 914 1.8 was sold for $93,500 at the RM auction in Monterey, $65,000 higher than what the experts were estimating. Hagerty shows a high value of $27,900 for a “#1 concours” condition 1975 914 1.8. In fact, Hagerty’s valuation experts were among those taken by surprise.
RM/Sotheby’s is offering a 1960 Giulietta Sprint Speciale in a beautiful shade of dark blue, with a pre-sale estimate of $125,000-$175,000. The value rise for these cars has been most dramatic since around 2010.
Undoubtedly one of the most original Cobras in in the world, this time machine is being offered at the RM/Sothebys Monterey auction with a pre-sale estimate of $1.2-$1.4 million.
