11 August 2014

2014 Monterey Auction Preview: Cars $100,000-$1 million

For those who haven’t kept a keen eye on the market during the past five years, this list of cars to watch in Monterey priced from $100,000 to $1 million should neatly sum it up. While most of these cars were worth six figures in 2009, they certainly weren’t getting the prices they are expected to achieve next week. In some cases, they have appreciated by more than 100 percent.

1961 Jaguar E-type SI 3.8L Flat Floor Convertible
RM Auctions, Lot 142
Estimate: $375,000-$450,000
Hagerty Price Guide: $87,200-$322,000
E-type prices have rebounded emphatically following a bit of a dip in 2009, with flat floor converts leading the way. This example has outside bonnet latches and welded louvers to tick all of the boxes, and is looking to be one of the few steel-bodied cars to crack the $400K mark.

1972 Nissan Skyline H/T 2000GT-R Hakosuka
RM Auctions, Lot 201
Estimate: $125,000-$175,000
Hagerty Price Guide: not listed
The first Skyline to hit a major collector car auction is emblematic of an emerging storyline. Will younger buyers care about Tri-Five Chevys or Shoebox Fords, or will they be more likely to chase after the cars that influenced their own teenage tastes? If you count the number of Japanese cars versus American chrome-and-fin cars at the three main catalog sales, you may have your answer (5 vs. 5, for the record). A very important car for several reasons.

1966 Porsche 911 Coupe
Gooding & Company, Lot 153
Estimate: $400,000-$500,000
Hagerty Price Guide: $62,700-$163,000
It is no secret that early 911s have been on a tear, more than doubling in value in the past five years. Likewise, it is well documented that unrestored originals fetch the highest prices at auction, often surpassing prices of freshly and expertly restored cars. Gooding combines both phenomena with this car, and the wide-eyed estimate illustrates how a final result can sometimes be far greater than the sum of its parts.

1969 Maserati Ghibli Spider
Bonhams, Lot 226
Estimate: $700,000-$900,000
Hagerty Price Guide: $291,000-$475,000
A lofty estimate for a non-SS spec Ghibli Spider, but this is a particularly handsome and rare car with a strong ownership history. The Ghibli Spider's value trajectory over the past year has been increasingly skyward—nearly 50 percent over the past 12 months—so perhaps the listed amount is within reach.

1968 Chevrolet Corvette L88 Convertible
Mecum, Lot S147
Estimate: $750,000-$850,000
Hagerty Price Guide: $488,000-$820,000
No American car has performed better in the market over the past few years than the L88 Corvette, and no auction company has capitalized on that fact better than Mecum. Since the beginning of 2013 alone the company has run an L88 across the block 11 times, while only approximately 100 remain today. This particular example is colorfully nicknamed “Bounty Hunter” and has been recently restored. Most importantly, it reportedly carries with it a known and documented history, which is paramount with these cars. We expect big things on this one.

3 Reader Comments

  • 1
    David W. Thmas III Boston,Massachusetts/ Clearwater Fl. August 13, 2014 at 11:44
    I guess it was my good fortune to have had a family with enough money to indulge me in my love of Automobiles What horrifys me is the value of cars which I bought new and know to be horrible cars.. I have owned almost 100 cars in my life (I am now 75) but the all time worst has to be the 1963 XKE. The first car that I owned was a 1958 Corvette. In 1963 they brought out the Sting Ray and I wanted one. My Father said NO new Corvette,what he did not say was no Jaguar so I bought a new XKE. HORRIBLE CAR ! In the 4 years I owned it I needed two speedometers as one was always broken so I needed a spare to use while the other was being repaired, What the mileage was when i sold the car I have no idea, as the speedometers always came back reset to O. miles.. In 1966 i bought an almost equally horrible car. A Ferrari 275 GTB. It made it only once from our house on Beacon Hill to the family home on Boston's South Shore. I traded it for a 1967 Rolls, which all-in all was not a bad car. I also bought a 1967 Ferrari 275GTS which was a really nice car except everyone thought it was a Fiat. Over the years The 3rd worst car was a 1977 Porche 911 Targa that warped manifolds at 3,000 mile intervals and the 4th worst car, a 1982 Alfa Romeo Spider. That the 5th worst one ( to no ones surprise) was a 1990 Range Rover, without a doubt THE MOST EXPENSIVE CAR I HAVE EVER OWNED TO MAINTAIN.. There have been 11 Rolls, a couple of Bentley some Ferraris, about a dozen Mercedes ( all of which were wonderful cars) another dozen BMW'S ( also wonderful cars) plus some older cars too. A 1949 Chrysler Town &Country convertible, a 1953 Packard Caribbean, a 1973 Eldorado convertible ( which I now have in Clearwater) and a 1976 Eldorado Convertible ( Now owned by a good friend also in Florida).. My current car may be the best of all of them. Even the two Corniche's which i loved.. It is a 2008 Mustang GT convertible complete with HURST shifter. It is a wonderful car and may be my last car I ever own.
  • 2
    Robert Florida August 19, 2014 at 14:58
    I owned a 1967 E-type roadster in the 1980s that was without doubt my favorite over many sports cars of the day like the Corvette,big healeys, 911s, MGs and Triumphs (although my TR3 was a blast). No they were not initially reliable but we learned to work the bugs out of it and it became as reliable if not more than other cars of that vintage. I clearly remember the smile that came to my face when driving it or even just looking at it in the garage. The E-type is in a class by itself and I'm surprised they are just now really taking off in value.
  • 3
    Amarjit paul Melbourne April 25, 2015 at 20:35
    I am a car connoisseur.i have owned about 200 cars. The collectibles are 190 sl ,mga twincam,mgbgt,triumph tr4 ,rolls Royce silver shadow and spirit ,Bentley t1 and arnage,a multitude of modern Benz cars from 1990 to date .at the moment a 2009 s class and a cls 500 .in my opinion the Jaguars and the bentleys etc are true. And beautifully made cars while the Mercedes Benz are well constructed mechanically and design perfected cars.most. Japanese cars are boring and humdrum copies of the automobile world.today the 60 s Mercedes. Sports and the jaguar sports cars are top of the pops to own and enjoy.maserati and Ferrari. Again are best in the 1960 era.on wanders how prices will escalate in the next 10 years with cost of restorations escalating.

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