Mecum Monterey 2016 1966 Ford GT40 MkI sold for $4,400,000
1966 Ford GT40 MkI sold for $4,400,000

The Mecum Monterey 2016 auction was held August 18-21 at the Hyatt Regency Monterey Hotel in Monterey, California, resulting in more than $50 million in total sales. With 704 classic and collector cars offered at the three-day sale, this year’s total surpassed the prior year by more than $5 million.

Top sales at the Mecum Monterey 2016 auction included the a 211-mile 2014 Ferrari LaFerrari that exceeded estimates for $4,700,000, the 1966 Ford GT40 MkI that sold for the high bid of $4,400,000 and the one-owner, 2,000-mile 2003 Ferrari Enzo that brought $3 million.

The headlining Modern Speed Collection consisted of 11 low-mileage examples of modern sports and supercars, with eight of them selling for a total of $6,270,000. Three from the collection brought individual sales of $1 million or higher including a 2014 McLaren P1, a 2011 Ferrari 599 SA Aperta and a 2006 Bugatti Veyron 16.4.

Mecum Monterey 2016 – Top Ten Auction Results (sales reflect hammer prices)

1. 2014 Ferrari LaFerrari – $4,700,000
2. 1966 Ford GT40 Mk I – $4,400,000
3. 2003 Ferrari Enzo – $3,000,000
4. 2014 McLaren P1 – $1,850,000
5. 2011 Ferrari 599 SA Aperta – $1,050,000
6. 2006 Bugatti Veyron 16.4 – $1,000,000
7. 1968 Lamborghini Miura P400 – $790,000
8. 2011 Ferrari 599 GTO – $680,000
9. 2004 Porsche Carrera GT – $610,000
10. 1932 Duesenberg Model J Phaeton – $600,000

For complete auction results, visit Mecum.com.

Mecum Auctions’ next 2016 collector car auction will be the company’s inaugural event in Louisville, Kentucky, September 8-10 with an anticipated 1,000 vehicles to be offered. This October 6-8 will bring about Mecum’s annual Chicago auction with another 1,000 cars to be offered at the area’s only such event.

For more information on an upcoming auction or to register as a bidder, visit Mecum.com or call (262) 275-5050.

[Source: Mecum Auctions]