If you plan to be in New York City on November 13 and have easy access to about $60 million, why not take a chance bidding on a one-of-one Ferrari? The RM Sotheby’s Modern and Contemporary Art auction will offer a 1962 Ferrari 250 GTO that’s also known as the 330 LM. The car was built to suit a new race class at the time, which allowed replacing the 25 GTO’s 3.0-liter V12 with a more powerful 4.0-liter. Ferrari kept this special GTO for its own Scuderia Ferrari race team. Will this car surpass the reported $70 million a private collector paid for a 250 GTO in 2018? We shall see on November 13.
Will the new Mercedes-Benz CLE be the last of this German luxury car maker’s gas-fueled coupes and convertibles? Based on the new C-Class chassis, the new CLE essentially replaces the somewhat larger E-Class coupe and Cabriolet and offers the promise of more athleticism than those cars. The CLE will cover a wide gamut in price and performance, starting at $65,000 for the base CLE300 coupe 4MATIC and going well beyond that with optioned-up versions of the six-cylinder CLE450 Cabriolet. Future AMG versions are sure to offer more power and excitement, for more money, of course.
Has inflation taken a bite out of the exotic car market? Premier Financial Services Midwest Regional Sales Manager Ross Dressel has seen a dip in activity in the $200K-$500K heart of that segment. But meanwhile, “affordable” pre-owned exotics and classics in the $75K-$200K range are getting more action for America’s #1 exotic and classic car lease financing provider. Who’s up? Who’s down? Read here to find out.
The Corvette is going electric! This fall, customers start taking delivery of the quickest Corvette ever, the E-Ray hybrid. Combining combustion and electric power, the E-Ray is designed to deliver the ultimate street Corvette experience. Just as the 2020 mid-engine Sting Ray realized a Corvette layout first promised more than 50 years ago, the E-Ray’s all-wheel drive delivers on legendary Corvette engineer Zora Arkus-Duntov’s vision and experiments with all-wheel grip for the Vette even before that. The E-Ray is available in coupe and convertible models, starting around $105,000. A full electro-Vette is in the pipeline, too.
Happy 60th birthday, Porsche 911! In fall 1963, Porsche unveiled a new sports car, at first called “901,” as a successor to its first model, the 356. The new car entered production a year later and not long after got a badge change to “911.” This sports car icon remains in production, in much evolved form and with a choice of 25 variants this year. To celebrate 60 years, Porsche is offering a new pinnacle 911 model, called “S/T,” after a lightweight race-prep 911 from the early Seventies. Porsche will build 1,963 of these special 911s, with a starting price of $290,000.
Just a few months after unveiling its new DB12 “super tourer” coupe, Aston Martin has introduced the convertible version, called Volante. The British automaker first used the Volante name on a special run of 37 DB5 convertibles in 1965 and has used it on its convertibles since. The name is Italian for ‘flying’ or ‘moving lightly and quickly.’ The 671-horsepower DB12 Volante can certainly do that. The newest Aston Martin would seem to have just two direct rivals, the Ferrari Roma Spider and Bentley Continental GTC. Which would you choose?
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.
Revered by Corvette enthusiasts, the 1963 Sting Ray, especially when equipped with the fuel-injected 327 engine, remains a legend among the car’s 70 years of production so far. The radical new design covered a new, more advanced chassis than the first-generation Corvette had, and both performance and refinement edged closer to the European GTs. Sales soared, and the “fuel-injected Sting Ray” ended up in pop songs. Gooding & Company’s Pebble Beach Concours d’ Elegance® auction is offering a multiple-award winner with a pre-sale estimate of $250K-$300K.
With the added perk of super-rarity, the Bentley Continentals of the Sixties remain among the most sought-after of the marque’s classic cars. Gooding & Company’s 2023 Pebble Beach Concours d’ Elegance® auction is offering a rare left-hand-drive 1961 Bentley S2 two-door saloon with coachwork by H.J. Mulliner that exemplified this model’s divergence from the parent company. It has a pre-sale estimate of $400K-$500K.
