There are so few roads in scarcely-populated West Texas that we can’t do an event there every year without repeating parts of the route. So every five years or so, after we’ve all forgotten the route details, we shift Texas 1000 from the picturesque Hill Country of Central Texas to the monumental landscape West of the Pecos.
Dan Gurney was the all-American racer, the tall, cool motorsports athlete who became as much of a household name as sports figures like Mickey Mantle, Joe Namath, and Kareem Abdul-Jabbar.
According to Hagerty’s tally, the sales total of $247.8 million in Scottsdale was down 5 percent from 2017. The highest sale of the week was $8,085,000 for a one-of-a-kind 1965 Ferrari 275 GTB built by Pininfarina. Premier previewed five of the Scottsdale 2018 auction cars in depth before the auctions. Here’s a look at the results.
Marchionne did not reveal any details on the Ferrari EV, but Maranello will have to aim high. Last summer, Elon Musk announced a new Tesla Roadster for 2020. He also promised it would be the fastest production car in the world
A week of auctions in Scottsdale, Arizona tallied $230+ million for more than 2,600 cars covering the entire automotive spectrum. The top 10 sales accounted for nearly $36.3m. Four of the top 10 sales were Ferraris.
Toyota made just 500 of its Lexus LFA supercar. If you missed your chance to get one new, the Gooding & Company Scottsdale auction is offering #498, with just 60 miles delivery miles.
Auto Finance News reports on overall demand and average price for luxury and exotic vehicles have continued to increase since 2012. Over that five-year period, Ferraris, Porsches, McLarens, Aston Martins, and Lamborghinis have continued as the most popular exotic marques.
At its Scottsdale auction, Bonham’s is offering an outstanding example of the breed. A 1972 model, this Daytona Spider was fully restored in the 1990s. An award winner at multiple events, the Daytona is also Classiche certified by Ferrari. The pre-sale estimate is $2.4-$2.8m.
Mitch Katz Talks Residual Values on Money Radio with Ken Morgan and Mark Asher in Scottsdale, in advance of all the events in Scottsdale, AZ this winter.
