20 August 2014

Monterey 2014: Auction results and photo gallery

Monterey 2014

The transformation of Monterey during the magical Monterey Classic Car Week is a complete one, as car nuts descend upon the Peninsula from all corners of the globe. Many of them bring their best driving cars with them, so the streets are heavily peppered with machinery you won't see parked anywhere else.

With approximately 4,637,289 events wedged into these seven days, it's impossible for any one person to hit them all. Heck, Hagerty had a whole crew there, and we couldn't even get to every event. But we made it to a bunch, from tours and races to auctions and concours.

In between we witnessed some amazing sales results (More than $400 million!) and saw history made at Pebble Beach, where a 1954 Ferrari 375 MM became the first post-war car to win Best of Show since 1968.

Monterey is always chance to reconnect with the people and automobiles that make the old-car world hum, and we were happy to be there. And to document it. We hope you enjoy what you see.

The auctions, as usual, saw some fairly jaw-dropping results: Total dollars for all auction houses combined hit around $430M, and the top car of the week - a 1962 Ferrari 250 GTO Coupe - sold for more than $38M, setting a new record for most expensive car sold at auction.

Here are the top sales from the week (note that these figures are preliminary as of 8/20/2014 and will continue to rise in the next few days as auction companies close post-block deals):

Overall Top 10 Sales from all auctions (excluding Rick Cole):

  1. 1962 Ferrari 250 GTO Coupe sold for $38,115,000 (Bonhams)
  2. 1964 Ferrari 275 GTB/C Speciale Coupe sold for $26,400,000 (RM Auctions)
  3. 1961 Ferrari 250 GT California SWB Spyder (closed headlight) sold for $15,180,000 (Gooding)
  4. 1964 Ferrari 250 LM Coupe sold for $11,550,000 (RM Auctions)
  5. 1967 Ferrari 275 GTB/4 Coupe sold for $10,175,000 (RM Auctions)
  6. 1953 Ferrari 250 MM Coupe sold for $7,260,000 (Bonhams)
  7. 1965 Ford GT40 Prototype Roadster sold for $6,930,000 (RM Auctions)
  8. 1962 Ferrari 250 GT SWB Speciale Aerodinamica Coupe sold for $6,875,000 (Bonhams)
  9. 1958 Ferrari 250 SI Cabriolet (closed headlight) sold for $6,820,000 (Bonhams)
  10. 1959 Ferrari 250 SI Cabriolet (open headlight) sold for $5,610,000 (Gooding)

Overall Top 10 Sales from all auctions:

  1. 1962 Ferrari 250 GTO Coupe sold for $38,115,000 (Bonhams)
  2. 1964 Ferrari 275 GTB/C Speciale Coupe sold for $26,400,000 (RM Auctions)
  3. 1961 Ferrari 250 GT California SWB Spyder (closed headlight) sold for $15,180,000 (Gooding)
  4. 1965 Ferrari 275 GTB Competizione Clienti Coupe sold for $13,200,000 (Rick Cole)
  5. 1964 Ferrari 250 LM Coupe sold for $11,550,000 (RM Auctions)
  6. 1967 Ferrari 275 GTB/4 Coupe sold for $10,175,000 (RM Auctions)
  7. 1953 Ferrari 250 MM Coupe sold for $7,260,000 (Bonhams
  8. 1965 Ford GT40 Prototype Roadster sold for $6,930,000 (RM Auctions
  9. 1962 Ferrari 250 GT SWB Speciale Aerodinamica Coupe sold for $6,875,000 (Bonhams)
  10. 1958 Ferrari 250 SI Cabriolet (closed headlight) sold for $6,820,000 (Bonhams)

 

9 Reader Comments

  • 1
    Mitch T. Flagstaff August 21, 2014 at 14:10
    It would be interesting to show the greatest best buys that slipped throught cracks of most buyers including ones that were less than $20,000! Many of us are not billionaires and are looking for an unnoticed treasure. Do the homework on this.
  • 2
    Greg milwaukee August 21, 2014 at 07:02
    The average value of a 1962 Ferrari 250 GTO 2dr Coupe 12-cyl is $50,262,500??? Really? more than the most expenive car ever sold? huh?
  • 3
    jeff Kramer santa fe, nm August 21, 2014 at 19:36
    I was told that 1955 Alfa Romeo 1900C SS Zagato in unrestored /barn find condition was sold. Can you inform me as to the condition and price that it was sold for. And which company sold it.
  • 4
    Joe Shelby N.E. Pennsylvania August 21, 2014 at 21:01
    What is the highest known price paid for any car whether it be at auction (as shown above) or via private sale? I do realize that most private sales are just that, "private".
  • 5
    Mark Michigan August 21, 2014 at 09:03
    So what is the significance of showing us 2 Top 10's with and w/o Rick Cole. Seems silly w/o the backstory.
  • 6
    Jo Long Island August 21, 2014 at 11:57
    I guess Ferrari buyers are going 1000% nuts nowadays. These things obviously ain't for driving or even enjoying. I'm surprised a similarly wacky-priced Dino 246 wasn't in the list too. Saw a gorgeous 1940 Alvis the other day, and a 1926 3L Bentley, both driven to the meet...hmm...
  • 7
    Chris Bradley Atlanta, GA August 22, 2014 at 16:04
    Ferrari wins...wonder what this list will look like in 60 years! Chris Bradley
  • 8
    Bill Wisconsin August 23, 2014 at 13:16
    I love the photos. Please provide many more. The camera and the photographer are great. But we need to see more. Ferrari's are in all the top price spots. We need to see the prices for the other makes. Lot's of us are not deeply interested in Ferraris but are passionately interested in other makes.
  • 9
    nicholas berger ca October 5, 2014 at 21:48
    how did Russo and Steele do

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