There are always two main avenues of news from Monterey Car Week: the results from the Pebble Beach Concours d’ Elegance and, of course, the results from the major collector-car auctions. There were surprises from both this year. The judges at Pebble Beach awarded top honors to a 1934 Bugatti Type 59 Sports, making it […]
This year’s Amelia Island auctions numbered three, as RM Sotheby’s took its sale to Miami. The four auctions together grossed over $186M. Gooding & Company had the highest gross and the top individual sale, a single-family-owned 1903 Mercedes-Simplex selling for $12.1 million. Next-highest were three super-rare Ferraris in the $4M neighborhood, with a 1930 Duesenberg close behind. Some interesting “pairs” or rare cars turned up across the auctions, too.
Can a car crash ever be positive? Just ask collectors who seek the rare Alfa Romeo Giulietta SZ, a lightweight racer that could also be road driven. In major European sports car races, the Alfa became known as a giant killer for its winning ways. It all started when a race driver had an older Alfa re-bodied by Zagato after a crash. Alfa Romeo like the result enough to commission 200 copies from the famous coachbuilder. Bonhams is offering one of those at its Amelia Island auction, with a pre-sale estimate of $350K-$400K. Meanwhile, Gooding & Company’s Amelia Island auction also has one of these rarities, also red, with an estimate up to $500K.
January kicked off collector-car auction season with a big bang and big dollars. Following Mecum’s $275M haul in Kissimmee, Florida mid-month, the traditional Arizona auctions added about $245M more to the tally, with $200M of that from Barrett-Jackson’s no-reserve sale in Scottsdale. Bonhams, though, had the highest-priced auction sale in Arizona, with $5.175M buying a Bugatti Chiron Super Sport 300+ (as in 300+ mph test-track capability) for a car with just Bugatti’s test and delivery miles.
To see and be seen in the toniest zip codes, you could hardly do better than a Bentley Azure, a convertible built in two design generations from 1995-2009. The second-generation design introduced in 2006 was based on a more modern chassis and offered performance that belied its size and elegant demeanor. The hand-built Azure was 213 inches long, weighed close to three tons, and used a 450-horsepower twin-turbo V-8. Bonhams is offering a 2007 Bentley Azure in Silver Lake Blue at its Scottsdale auction – at no reserve.
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.
What better prelude to the 72nd Pebble Beach Concours d’ Elegance® than to buy a car (or few cars) from the auctions held in conjunction with this pinnacle event? If you’re bidding or selling, the action is at the auctions, of course. We’ve assembled the auction itinerary here and selected some highlights from the Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s sales.
Fourteen years after Enzo Ferrari’s passing, the company he founded honored his memory with a car bearing not only his surname, but also his given name. When introduced in 2002, the Ferrari Enzo represented the culmination of the automaker’s expertise in both high-performance road cars and Formula One racing. F1 tech abounded, including carbon fiber and aluminum construction, carbon-ceramic brakes, and more. At its upcoming auction at Monterey Car Week, Bonhams is offering an Enzo that has been enjoyed as the founder would have liked: being driven.
Auction season is running at full speed going into Monterey Car Week this August 11-20. (Yes, a 10-day week!) Five major auctions will take place there, drawing buyers and sellers from around the world. Plan to be there? Whether you’re looking for your next dream car or planning to sell one from your collection, it pays to be prepared. Premier Financial Services has put together a quick refresher course with insights from auction and sales pros offering advice on finding the car you want and bringing it home.
