At the RM Sotheby’s Monterey sale in August, a 1953 J2-X, one of the 83 made and known as “Little Red,” sold for $280k. (The pre-sale estimate was $275k-$375k).
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.
Like vintage Ferraris and authentic Cobras, the Siata 208S Spider commands high prices. A 1953 model offered by Bonhams at its Quail Lodge auction in Monterey this weekend is expected to sell for $1.5m-$1.8m.
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.
Forbes magazine automobile columnist Jim Gorzelany, provided great advice for vintage car buyers, including some of CEO Mitch Katz’s tips on car auction etiquette.
Since 1950, the Pebble Beach Concours d’Elegance has been a showcase and competition for the world’s most beautiful automobiles. Entrance is by invitation only, and requires that the car has not been shown at another concours.
The 1969-1970 Ford Mustang Boss 429 looms large among classic muscle cars, not as the most powerful or quickest, but as one of the most audacious. Mecum’s Monterey auction is offering two Boss 429s, one a 1970 rotisserie restoration and the other a modified 1969.
A number of automotive events have flourished in the light cast by the Pebble Beach Concours d’Elegance, perhaps none so vigorously as the Concorso Italiano.
This truly one of a kind 1966 911 Bertone Spyder will be offered at Gooding & Company’s Monterey auction this month, with a pre-sale estimate of $700k-$1m. It presents the opportunity to own a piece of both Porsche and Bertone history.
