Monterey

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This summer, RM Sotheby’s, Bonham’s, and Gooding & Company hosted online auctions in place of their usually scheduled Monterey events. Topping the list of cars sold at these auctions are a 2001 Ferrari V12 berlinetta that sold for $4.29 million at RM and a 1966 Ferrari 275 GTB “long nose,” which sold for $3.08m at Gooding & Co.

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Spanning August 12th-14th, Bonhams annual Quail Lodge Auctions will be held online. They will be part of Petersen Museum’s Online Car Week, welcome set of car events including a Concours d’Elegance finale on August 16.

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Over the coming months, auction houses are hosting both online and live auctions. This includes Mecum, RM Sotheby’s, Gooding & Company, and Bonhams. The schedule is outlined here, with events in July and August.

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Now that the many great automotive-based events at Amelia Island have concluded, we can look at the best of the best. At the auctions, aggregate sales were up this year, reaching $77.4 million. In addition, the 25th anniversary edition of the Amelia Island Concours d’Elegance, held on March 8th, stands as likely the best in the event’s history.

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The going rate for a Ford GT is about $1.2M-$1.5M, or nearly three times the GT’s original $447,000 MSRP (before options). Barrett-Jackson’s top sale in Scottsdale was $1.485M for a 2017 GT with just 141 miles. A ’17 Ford GT in ’66 Heritage livery was the top sale at Barrett-Jackson’s Las Vegas auction in October 2019. It sold for $1.54M.

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The Bizzarrini 5300 GT Strada Berlinetta are 50 A3/C-based road cars, named after its 5.3-litre Chevrolet V-8 engine and Grand Touring purpose. Giotto Bizzarrini remains a living legend today at age 93.

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Pebble Beach Concours d’Elegance is where the finest classic automobiles from around the world are judged and recognized for their style and technical merit. Forbes magazine used the insights that we provided on the judging process for this article.

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The Ferrari 275 GTS was positioned as the more comfortable everyday driver. Its interior appointments were a bit more luxurious, with fully adjustable and more accommodating bucket seats, plus more luggage space. The 275 GTS that sold at the Mecum Monterey auctioned for $1.1m (pre-sale estimate was $1.1m-$1.4m).

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While hundreds of millions of dollars’ worth of collector cars once again changed hands at the world-renowned 2019 Monterey Car Week auctions, preliminary sale totals were reported by Hagerty Insurance and Larry Edsall of ClassicCars.com on Saturday, August 18th at $245.5 million.

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