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Monterey millionaires
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This 1957 Ferrari 250 TR set world record of nearly $16.4m at Gooding & Co. auction. Photo: Pawel Litwinski
Racecar Gallery

Monterey millionaires

 VR Staff
Top seller at RM’s Monterey Auction was this exquisite 1937 Mercedes-Benz 540 K Spezial Roadster that drew a winning bid of $9.68m.
Photo: Courtesy of RM Auctions

Thirty-one cars sold for more than a million dollars and several new world records were established last August during Monterey’s annual Classic Car Week. This represented an increase of five million-dollar sales from last year, and included the highest price ever paid for any automobile at auction, the $16,390,000 brought in by the 1957 Ferrari 250 Testa Rossa offered at Gooding & Co.’s Pebble Beach Auction. That auction also broke fresh ground with the $10,340,000 paid for a 1931 Duesenberg Model J LWB Coupe that set new marks for both a Duesenberg sold at auction and for any American car.

The third world record was the $9,680,000 for which RM Auctions sold a 1937 Mercedes-Benz 540 K Spezial Roadster, the most ever paid at auction for a Mercedes-Benz. A bit farther down the dollar scale, but still notching the top price ever brought by a Porsche 911, was RM’s sale of the 1970 911 formerly owned by actor Steve McQueen that appeared in his movie Le Mans and went for $1,375,000.

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Brand (Duesenberg)Brand (Ferrari)Brand (Mercedes-Benz)Event (Pebble Beach)Place (Monterey)The Market (Auctions & Market)The Market (Auctions)Vendor (Bonhams)Vendor (RM Sotheby's)

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VR Staff
Steve Natale has been playing with cars ever since he was old enough to first hold a matchbox car in his hand. A lifelong enthusiast of anything old with an engine in it or wheels on it, Steve has been active in the hobby for over 35 years. Currently he owns a successful marketing company with his wife Mary, is an automotive photographer, blogger and writer for several automotive magazines and regular contributor to various automotive websites. Steve has attended vintage car events and visited car museums and collections around the world.
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