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.
Ferrari draws on its heritage for design inspiration and, sometimes, model names. That’s why there were three different Ferrari GTO models over a half century period. While not intended as a racecar like the legendary 250 GTO and later 288 GTO before the 2011 599 GTO was developed from an experimental track car program, called 599 XX. Ferrari built just 599 of these later GTOs, with 125 coming to the U.S. Gooding & Company is offering one of these rare machines at its Amelia Island auction, with a pre-sale estimate of $800K-$1M.
This month’s Gooding & Company Geared Online auction offers a compelling pair of vintage V8-powered Maserati GTs by the same legendary Italian designer, Giorgetto Giugiaro. The front-engine Ghibli represents 1960s design, and the mid-engine Bora flies the 1970s flag. Both have pre-sale estimates hovering in the $100,000 neighborhood, give or take. Both are listed at no reserve, which means both are going to new owners for sure. If you had to choose just one, which would you want?
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.
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.
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.
