Instead of China, RM Sotheby’s is celebrating their 20th anniversary with an auction of over 100 investment-grade automobiles. Their docket ranges from a tractor made by Porsche to a 2017 Ferrari F12tdf.
Bonhams returns to the Westin Kierland Resort for the eighth year in a row, bringing with it the usual array of pristine classics and untouched exotics. Last year, over 25 million dollars changed hands in just a few hours.
Straight from the garage to the bed of an enclosed transport, classics, exotics, and collectible cars skip the salt for the dry heat of Scottsdale Arizona. Last January, Scottsdale saw over 3000 automobiles cross the auction block in less than a week.
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.
Monterey’s local newspaper, The Monterey Herald, delivered Car Week attendees with a long list of auction tips, provided by Premier CEO Mitch Katz.
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.
For years, Gooding & Company has had the honor of being the official auction house of the Pebble Beach Concours d’Elegance. Be sure to plan ahead to avoid missing any of the 150 cars crossing the block at the Pebble Beach Equestrian Center.
It’s not just the Pebble Beach Concours d’Elegance, dozens of displays, concours, and auctions packed into just a few days of Monterey Car Week this August.
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.
