including the legendary Pebble Beach Concours d’Elegance – remained “on hold” during 2020, the participation in online auctions has skyrocketed, and that trend is unlikely to lose momentum soon, according to Premier Financial Services, the nation’s leading provider of lease financing for exotic, vintage and collector cars.
Dating back to 1950, when the Pebble Beach Concours d’Elegance® and Pebble Beach Road Races were first held, the automotive-related events on the Monterey Peninsula each August have made this gorgeous coastal area the undisputed global epicenter of car culture. This year, live events are back and span Friday, August 6 to Sunday, August 15.
Sales Manager Chris Warren’s car buying advice for people looking to spend $75K is to find an early model Ferrari California. Although it may take some digging and patience to find one in that price range in great condition and with reasonable mileage, Chris promises that they are out there. According to Chris, it’s a car that’s way cooler than most new cars or trucks in that price range.
The first 1965 Shelby GT350R, a star-studded racing steed with a trophy case of documented history, sold for $3.85m at Mecum’s Indy sale this month. This is just 7 months after the “Bullitt” Mustang movie car sold for a $3.75m, breaking that record. The $3.8m GT350R was one of 36 such cars built for the track. Other GT350R models are hardly cheap dates, with selling prices around the $1m mark.
The Santa Monica based elite auction house has developed its own online bidding platform and laid plans for Geared Online, its inaugural all-online auction, slated for August 3-7. See which cars industry experts are most interested in, including a Ferrari, Porsche and Mercedes.
From August 13th-15, RM Sotheby’s will be hosting their Shift/Monterey Online Only Auction. Checkout the cars industry experts are most looking forward to seeing, including a Ferrari, vintage Bugatti and Jaguar.
Most collector-car auction houses already offered absentee bidding options and live streaming auctions as part of regular operations, the safety and travel restrictions posed by COVID-19 spurred the industry to apply creative solutions. Learn more about Mecum, Gooding & Company, Bonhams and more are operating their summer auctions.
Over the coming months, auction houses are hosting both online and live auctions. This includes Mecum, RM Sotheby’s, Gooding & Company, and Bonhams. The schedule is outlined here, with events in July and August.
No, we did not transpose the numbers “675” and “765.” Earlier this year, McLaren introduced its latest lightweight, track-focused model, the 765LT. That’s not to be confused with the 675LT, introduced in 2015. The first deliveries are expected in October, starting at about $375,000. Here’s a closer look.
