One of the most respected publications for serious Ferrari enthusiasts -Ferrari Market Letter- featured PFS CEO Mitch Katz’s observations on the 2018 Monterey Car Week.
At the RM Sotheby’s Monterey sale in August, a 1953 J2-X, one of the 83 made and known as “Little Red,” sold for $280k. (The pre-sale estimate was $275k-$375k).
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.
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.
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.
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.
Many of the highlights this year overlap, like the Porsche Werks Reunion and The Quail, so preparing a down-to-the-minute schedule is essential. Check out our itinerary below to avoid missing a moment of Monterey.
Is it possible to choose one Ferrari that epitomized the marque in its classic era? Selecting a “top five” would be hard enough. Yet, when you consider that Ferrari road cars remained closely related to its GT racers for the first 15 years or so of the marque’s history, there is one that leaps forward: the 1959-1962 250 GT Berlinetta SWB.
