Russo and Steele Monterey 2014 – Auction Results

Russo and Steele Monterey

The Russo and Steele Monterey Auction 2014 was held August 14-16 in downtown Monterey, California, resulting in $12,074,960 in total sales. The three-day auction saw record crowds visit Russo’s waterfront venue at Fisherman’s Wharf. The results for Russo and Steele's 2014 Monterey sale were a 63% increase over last year's results, with the average sale price of $115,000 representing an increase of 45%. … [Read more...]

Mecum Monterey 2014 – Auction Results

1961 Ferrari 250 Series II Cabriolet sold for $2,250,000

The Mecum Monterey Auction 2014 was held August 14-16 at the Hyatt Regency Monterey Hotel and Spa in Monterey, California, resulting in total sales of $34,651,635 and a 56% sell-through rate at Mecum’s highest-grossing Monterey auction to date. A total of 645 cars were offered during the three-day event, with six of the 361 cars sold surpassing hammer prices of $1,000,000. The top result at the 2014 Mecum Monterey … [Read more...]

Gooding and Company Pebble Beach 2014 – Auction Results

1961 Ferrari 250 GT SWB California Spider

The Gooding and Company Pebble Beach Auction 2014 was held August 16-17 at the Pebble Beach Equestrian Center in Pebble Beach, California, resulting in total sales of $106 million and an 88% sell-through rate. A total of 30 cars sold for over $1,000,000 and 16 new auction records were set at two-day sale. David Gooding, President of Gooding & Company, said, “In addition to the many record setting prices, our … [Read more...]

Bonhams Quail Lodge 2014 – Auction Results

1962 Ferrari 250 GTO

The Bonhams Quail Lodge 2014 Auctions were held Thursday, August 14th and Friday, August 15th on the grounds of the Quail Lodge in Carmel Valley, California, resulting in $108 million in total sales and a 92% sell-through rate. Held in connection with the Quail Motorsport Gathering, the 17th Bonhams sale held during Monterey Classic Car Week featured the 10-car Maranello Rosso Collection on Thursday and more than … [Read more...]

RM Auctions Monterey 2014 – Auction Results

1964 Ferrari 275 GTB/C Speciale

The RM Auctions Monterey 2014 auction was held August 15-16 at the Portola Hotel and Monterey Convention Center in Monterey, California, resulting in $143.4 million in total sales and a 91% sell-through rate. RM's flagship auction, held annually during the Monterey Classic Car Week, ranks as the highest grossing collector car auction of all time, breaking the previous record set by RM in 2013. In addition, the … [Read more...]

Bonhams Maranello Rosso Collection 2014 – Auction Report

1962 Ferrari 250 GTO Berlinetta

Bonhams Maranello Rosso Auction, Quail Lodge, Carmel Valley, August 14, 2014 Report and photos by Rick Carey, Auction Editor It has been a quarter century since a 250 GTO was offered publicly. There was, therefore, considerable interest when Bonhams announced they had consigned 1962 Ferrari 250 GTO s/n 3851 GT along with nine other Ferraris from the Maranello Rosso collection of Fabrizio Violati. … [Read more...]

Auctions America California 2014 – Auction Results

1960 Mercedes-Benz 300 SL Roadster

The Auctions America Southern California sale was held July 31 to August 2, 2014 at the Los Angeles Marriott Burbank Airport Hotel, resulting in $17.5 million in total sales and 63% of all lots sold. Auctions America’s second annual entry into the Los Angeles market featured more than 400 automobiles and a selection of motorcycles and memorabilia. … [Read more...]

RM Auctions Monterey 2014 – Auction Preview

1964 Ferrari 250 LM

The RM Auctions Monterey 2014 auction will be held August 15th and 16th at the Portola Hotel and Monterey Convention Center in Monterey, California. RM’s 29th annual flagship two-day Monterey sale will feature 36 cars estimated to sell in excess of $1 million and five estimated to bring more than $4 million. In 2013, the RM Monterey sale generated $125 million, entering the history books as the highest grossing … [Read more...]

Mecum Monterey 2014 – Auction Preview

1954 Ferrari 375 MM Spider

The Mecum Monterey Daytime Auctions 2014 will be held August 14-16 at the Hyatt Regency Monterey Hotel and Spa in Monterey, California. A strong and diverse selection of more than 700 vehicles are expected to cross the auction block during the three-day event. The 6th annual Mecum Monterey sale will be headlined by the 1954 Ferrari 375 MM Spider; 1961 Ferrari 250 Series II Cabriolet; 1972 McLaren M20 Can-Am; 1930 … [Read more...]

Rick Cole Monterey 2014 – Auction Preview

1955 Ferrari 410 Sport

The debut Rick Cole Auctions Monterey 2014 will be held August 14-17 during Monterey Classic Car Week. The auction of approximately 35 cars will be headquartered at the Marriott Hotel in downtown Monterey. The headline entries at the Rick Cole Monterey 2014 include a 1955 Ferrari 410 Sport; 1965 Ferrari 275 GTB Competitizione Clienti; 1962 Ferrari 250 GT SWB Berlinetta; 1936 Mercedes-Benz 540K Sport Cabriolet; … [Read more...]

Gooding and Company Pebble Beach 2014 – Auction Preview

1965 Alfa Romeo Giulia TZ

The Gooding and Company Pebble Beach 2014 Auction will be held Saturday, August 16th and Sunday, August, 17th at the Pebble Beach Equestrian Center in Pebble Beach, California. Gooding’s 11th annual auction will feature more than 120 cars, including 36 estimated to reach bids in excess of $1,000,000. The official auction of the Pebble Beach Concours d’Elegance will feature a selection of more than 30 Ferrari … [Read more...]

Bonhams Quail Lodge 2014 – Auction Preview

1962 Ferrari 250 GTO, s/n 3851GT

The Bonhams Quail Lodge 2014 Auction will be held August 14th and August 15th on the grounds of the Quail Lodge in Carmel Valley, California. Held in connection with the Quail Motorsport Gathering, the 17th annual Bonhams sale held during Monterey Classic Car Week will feature nearly 120 vehicles. A 1962 Ferrari 250 GTO will headline the 2014 Bonhams Quail Lodge Auction. Serial number 3851 GT was built on … [Read more...]

Russo and Steele Monterey 2014 – Auction Preview

1968 Eagle Indy Car

The Russo and Steele Monterey 2014 Auction will be held August 14-16 nearby Fisherman's Wharf on the waterfront in downtown Monterey, California. The 14th annual Russo and Steele Monterey sale will see more than 300 cars cross the block in Russo's 'Auction in the Round' format. The headline entries at the 2014 Russo and Steele Monterey sale include a 1958 Mercedes-Benz 300SL Roadster; 1956 Mercedes-Benz 300SL … [Read more...]

Collector Car Market – The Beginning of The End?

1964 Ferrari 250 LM

By Rick Carey, Auction Editor The collector car market cratered in 1989-90. What were the significant events that preceded the collapse? 1. Auction companies popped up everywhere trying to get a piece of a rapidly growing number of transactions, increasing prices and resulting commissions; 2. Cars sold to speculators, not collectors; 3. Individuals like Hans Thulin took on huge bets on the collector car … [Read more...]

RM Auctions Motor City 2014 – Auction Report

1955 Packard Caribbean Convertible

RM Auctions 'Motor City', Inn at St. John's, July 26, 2014 Another little change this year as RM separated itself from the Inn at St. John's location by re-naming Meadow Brook/St. John's less specifically as 'Motor City'. It's probably insignificant in the overall scheme of things. Sunday's Concours d'Elegance of America was bigger and better than ever. Cars are how the Detroit area defines itself and RM's … [Read more...]