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.
This month, another GTO is likely to set the record for the most ever paid for a car at auction. RM Sotheby’s Monterey sale is offering a 1962 GTO, #3413, which is one of a few that were re-bodied by Scaglietti with the Series II/GTO 64 body. It is expected to bring $45-$60m.
RM Sotheby’s is a giant among collector car auctions. For over 30 years, they’ve been saving their best for Monterey, honoring the Pebble Beach Concours d’Elegance with a docket of worthy motors.
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.
In the 1970s, the BMW 2002 Turbo was considered a driving enthusiast’s dream, a car that imbued a practical little sedan with genuine sports car handling.
The Porsche 914 spent decades in the shadow of the 911, with many enthusiasts giving it the cold shoulder for its mixed Porsche and Volkswagen parentage.
In his interview with the Jacksonville Business Journal, PFS Southeast Sales Manager Chris Warren points out that, for wealthy individuals, having the ability to write a check for the full amount of a vintage or exotic car is not always the best financing option.
Going into the weekend, there had been much buzz around two much-publicized “barn finds,” or more accurately, cars that had been evicted from a condemned garage earlier this year, a 1966 Ferrari 275 GTB long-nose alloy coupe and a 1966 Shelby Cobra 427 Roadster.
