Sixty cars were sold for more than $1 million during the various auctions held last week as part of Monterrey Classic Car Week, but while the top end of the market continues to look good, some erosion is appearing at the lower echelons.
Of the major houses, Gooding & Co. topped the list with 26 million-dollar cars, led by a 1959 Ferrari 250 GT LWB California Spider Competizione that gaveled for $18,150,000. Gooding enjoyed an 83 percent sell-through rate. Rival RM Sotheby’s was not far behind with 19 million-dollar cars, an 82 percent sell-through and the weekend’s top sale, the 1955 Le Mans-winning Jaguar D-Type (above, Patrick Ernzen photo courtesy RM Sotheby’s) that brought in $21,780,000 to set a new world record for both a Jaguar and a British car, while ranking 7th on the all-time list of auction sales. RM Sotheby’s also sold a 1939 Alfa Romeo 8C 2900B Lungo Spider for $19,800,000 — a new mark for a Pre-war car — and the very first Shelby Cobra for $13,750,000, which established a new world record for not only a Cobra, but for any American car as well.
Bonhams’ Quail Lodge Auction posted an impressive 88 percent sell-through rate with eight million-sellers and total sales of $34.8 million. Several new world records were achieved, with the star of the show being the 1931 Bugatti Type 51 Grand Prix Racer that sold for $4,000,000 — a new world record for the model. Mecum Auctions hammered seven million-dollar sellers, led by a 2014 Ferrari LaFerrari that brought in $4,700,000.
Neither Russo and Steele nor Rick Cole Auctions had posted results by our deadline. The million-dollar cars sold last weekend in Monterey are listed below.
1955 Jaguar D-Type (XKD 501) – $21,780,000* (R)
1939 Alfa Romeo 8C 2900B Lungo Spider – $19,800,000* (R)
1959 Ferrari 250 GT LWB California Spider Competizione – $18,150,000 (G)
1962 Shelby Cobra (CSX 2000) – $13,750,000* (R)
1960 Ferrari 250 GT SWB Berlinetta Competizione – $13,500,000 (G)
1933 Alfa Romeo 8C 2300 Monza – $11,990,000 (G)
1932 Bugatti Type 55 Roadster – $10,400,000+ (G)
1956 Ferrari 250 GT TdF coupe by Scaglietti – $5,720,000 (R)
1950 Ferrari 166 MM Berlinetta – $5,445,000 (G)
1955 Ferrari 750 Monza Spider Scaglietti (0510 M) – $5,225,000 (R)
1979 Porsche 935 – $4,840,000 (G)
2014 Ferrari LaFerrari – $4,700,000 (M)
1966 Ford GT40 MkI – $4,400,000 (M)
1931 Bugatti Type 51 Grand Prix Racer – $4,000,000* (B)
2014 LaFerrari – $3,685,000 (B)
1957 Maserati A6G/54 Spider – $3,300,000 (G)
1967 Ferrari 275 GTB/4 – $3,245,000 (G)
1954 Aston Martin DB2/4 Spider – $3,080,000 (G)
2003 Ferrari Enzo – $3,000,000 (M)
1966 Ford GT40 P/1057 – $2,900,000 (R)
1904 Mercedes Simplex – $2,805,000 (B)
1964 Ferrari 500 Superfast Series 1 by Pininfarina – $2,750,000 (R)
1968 Ferrari 330 GTS – $2,502,500 (G)
1985 Ferrari 288 GTO – $2,420,000 (G)
1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti – $2,365,000 (R)
1971 Lamborghini Miura P400 SV – $2,255,000 (G)
1972 Lamborghini Miura P400 SV by Bertone – $2,200,000 (R)
1985 Ferrari 288 GTO – $2,112,000 (B)
1930 Packard 734 Speedster Runabout – $2,090,000+ (G)
2015 McLaren P1 – $2,090,000 (B)
1963 Ferrari 250 GT/L Berlinetta Lusso by Scaglietti – $2,090,000 (R)
1955 Lancia Aurelia B24S Spider America – $2,007,500 (G)
1934 Mercedes-Benz 500 K Cabriolet by Sindelfingen – $1,870,000 (R)
1954 Bentley R-Type Continental Fastback by Mulliner – $1,870.000 (R)
2014 McLaren P1 – $1,850,000 (M)
1965 Ferrari 275 GTB by Scaglietti – $1,732,500 (R)
1932 Rolls-Royce Phantom II Continental Berline – $1,760,000 (G)
1932 Bentley 8-Litre Tourer by Vanden Plas – $1,705,000 (R)
1961 Maserati 5000 GT Coupe “Indianapolis,” – $1,677,500 (G)
1971 Maserati Ghibli 4.9 SS Spider – $1,500,000 (G)
1960 Ferrari 250 GT Series II Cabriolet – $1,500,000 (G)
1956 Ferrari 250 GT Alloy Coupe – $1,485,000 (G)
1930 Cadillac V16 Roadster by Fleetwood – $1,457,500 (R)
1955 Mercedes-Benz 300 SL Gullwing – $1,430,000 (G)
1955 Lancia Aurelia B24S Spider America – $1,402,500 (B)
1961 Chaparral 1 Prototype – $1,400,000 (R)
1988 Porsche 959 Komfort – $1,320,000 (G)
1990 Ferrari F40 – $1,265,000 (R)
1930 Duesenberg Model J Town Cabriolet – $1,254,000 (B)
1960 Mercedes-Benz 300 SL Roadster – $1,237,500 (G)
1931 Marmon Sixteen Convertible Coupe – $1,210,000 (G)
1989 Ferrari F40 – $1,155,000 (B)
1994 Porsche 964 Turbo 3.6 S Flachbau – $1,100,000 (G)
1937 Mercedes-Benz 540 K Cabriolet C – $1,072,500 (G)
1938 Maybach SW38 Roadster by Spohn – $1,072,500 (R)
2005 Porsche Carrera GT – $1,050,000 (M)
2011 Ferrari 599 SA Aperta – $1,050,000 (M)
1954 Mercedes-Benz 300SL Gullwing – $1,045,000 (R)
1914 Marmon 41 Speedster – $1,017,000 (G)
2006 Bugatti Veyron – $1,000,000 (M)
+ indicates new world record for the marque
* indicates new world record for that model
Key: (B) – Bonhams; (G) – Gooding; (M) Mecum; (R) RM Sotheby’s
