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.
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.
There’s always a crop of newcomers and those reluctant to participate, lacking a clear understanding of the protocol and unwritten etiquette involved in serious car auctions. We asked a group of the world’s most experienced car auction participants for insider tips to avoid making rookie mistakes at a car auction.
Going into the weekend, there had been much buzz around two much-publicized “barn finds,” or more accurately, cars that had been evicted from a condemned garage earlier this year, a 1966 Ferrari 275 GTB long-nose alloy coupe and a 1966 Shelby Cobra 427 Roadster.
