Could you imagine referring to a modern high-end luxury grand tourer as “Queen Mother” today? It happened to Ferrari 55 years ago with its 365 GT 2+2. After testing the model in 1969, Road & Track magazine called the car “The Queen Mother of Ferraris.” Ferrari buffs embraced the nickname for this car and use it to this day. RM Sotheby’s is offering one of the 800 built at its Miami auction March 1-2, with a pre-sale estimate of $225K-$275K.
Mercedes-Benz, through its Mercedes-AMG performance division, has launched a new AMG GT coupe, after discontinuing the successful original 2015-2023 model. The king of the hill in that original run was the AMG GT Black Series, a track machine with few peers. For those who put down a deposit for the hyper-limited $2.7 million AMG Project One hypercar, Mercedes also offered the opportunity to buy an AMG GT Black Series Project One Edition for nearly $400,000. Just 25 were believed sold in the U.S., and RM Sotheby’s Miami sale in March is offering one, with a pre-sale estimate of $550K-$700K.
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.
Just 10 supercar connoisseurs were able to buy a McLaren 570 MSO-X, a special track-oriented model, in 2018. Each was decked out in livery inspired by McLaren F1 GTR racecars, and each is unique. At Barrett-Jackson’s Scottsdale auction in January, the #8 MSO-X will go to a new owner thanks to this auction company’s all no-reserve policy. McLaren built these cars as dual-purpose road and track machines, ready pile on the miles in either setting.
Closing in on the end of another year, Premier Financial Services looks back on its Top-10 exotic cars leased for 2023. This year, Ferrari pushed Porsche out of the #1 leased marque for the year in terms of volume of leases. Lamborghini, however, made a stronger showing on the list with three models in the Top-10. Porsche’s two top sports cars, the 911 GT3 and 911 Turbo S, both made the cut, as well. With its new MC20, Maserati has returned to the mid-engine exotic category after a 45-year absence. The new Maserati grabbed the #10 spot on the list. What’s your favorite?
While EVs may grab headlines with their acceleration performance, the latest gas/electric hybrid supercars throw down the gauntlet with some track-burning speed and excitement. The early tests of the Ferrari 296 GTB and Lamborghini Revuelto show that, with a little help from electrons, cars with roaring engines can still melt the asphalt … and blow their drivers’ minds. Though far apart from each other in price, the Ferrari and Lambo make the same emphatic point about the still-thrilling potential available from cars with pistons and pipes.
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.
The spark that launched Porsche’s road racing dynasty began with the “Fuhrman engine” in the landmark 550 Spyder racecar. Bringing that engine to the 356’s option list in 1956 and calling it “Carrera” boosted Porsche’s racing pedigree while also setting the foundation for special high-performance Porsche models to come. The expensive and complex Carrera engine was rarely ordered when new, and cars so-equipped demand a huge premium in the collector car market today. A 1956 Porsche 356A Speedster Carrera offered by Mecum Auctions in Monterey is expected to sell for up to $1.2M, or nearly 400% more than a Speedster without it.
Car collectors heading to Monterey Car Week in August will have plenty of treasures vying for their money, including two 1967 Ferrari 330 GTS models in very different condition offered at the RM Sotheby’s auction. A restored blue car originally owned by artist James Wyeth looks like it just drove off the showroom floor, and it has won many awards. A silver 330 GTS offered will need restoration. It’s one of 20 rare Ferrari that sat in a Florida barn for years before Hurricane Charley destroyed the building in 2004. The Ferrari then sat in an Indianapolis warehouse until this year. Offered at no reserve, it will definitely be going to a new home.
