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.
Car collectors heading to Monterey Car Week in August will have plenty of treasures vying for their money, including two 1967 Ferrari 330 GTS models in very different condition offered at the RM Sotheby’s auction. A restored blue car originally owned by artist James Wyeth looks like it just drove off the showroom floor, and it has won many awards. A silver 330 GTS offered will need restoration. It’s one of 20 rare Ferrari that sat in a Florida barn for years before Hurricane Charley destroyed the building in 2004. The Ferrari then sat in an Indianapolis warehouse until this year. Offered at no reserve, it will definitely be going to a new home.
Major auto auctions held in conjunction with the world-renowned Amelia Island Concours d’ Elegance in Florida offer some of the world’s most desirable collector cars, and Premier’s regional sales managers will be there for the action and to meet customers. In the meantime, they have posted their own “Cars to Watch” as picks for cars most likely to sell well. Except for one American supercar making the list, it’s a German and Italian feast.
The new Rolls-Royce battery-powered “Spectre,” arriving in late 2023, provides a “magic carpet ride” of luxury. In fact, the Spectre’s suspension uses an array of cameras and sensors to “read” the road surface ahead and preemptively adjust the ride on the go. Pricing is expected to be over $400,000, and orders are already coming in.
The BMW 507 roadster, introduced at the 1955 Frankfurt Auto Show, is recognized as one of the most beautiful models that BMW ever produced. Only 252 hand-built 507s were produced, and despite their curb appeal, they were money losers that nearly sank BMW as a company. A 1957 BMW 507, discovered in a Philadelphia garage, sold last month at the Bonhams Audrain Concours Auction in Newport, R.I. for $2.1 million. Read the backstory on this historic BMW.
The Mercedes SL has been that marque’s luxury-performance flagship for nearly 70 years, and the all-new 2022 Mercedes-AMG SL is the model’s seventh generation. The new SL has 2+2 seating, with all-wheel drive and a return to a soft top after two decades of retractable hardtops. Pricing starts at $137,400 and can zoom toward $200,000. If you’ve not looked at an SL in a while, this one deserves close inspection.
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.
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If you’re lucky enough to purchase one of the 275 AMG One models that Mercedes-Benz plans to produce, you may have to keep the car at your European villa. This $2.7 million carbon fiber body supercar, derived from the F1 racer, will not be sold in the United States. Learn all about what the AMG-One buzz is about.
