Ferraris Ride Unusual Tides

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The Monterey auctions have again redefined the auction world’s segment of the collector car market, and, as usual, Ferraris are in the top tier of cars.

Gooding offered 13 Ferraris with one no-sale for a 92% close rate and $40,276,500 in sales. RM had 14 Ferraris on offer, with all selling for a 100% close rate and $30,954,000 in sales. Mecum had 18 Ferraris on offer with three no-sales, for a 67% close rate with $2,025,130 in sales. Russo and Steele had 17 Ferraris on offer with seven no-sales for a 50% sold rate and $1,431,100. Bonhams had five Ferraris on offer and two no-sales for a 60% close rate and $710,000 in sales.

The wild world of Dinos and Daytonas

It did seem strange when a late non-“chairs and flares” 246 GTS, s/n 7914, sold for $252,500, while a chairs and flares 246 GTS, s/n 7908, sold for $467,500.

Michael Sheehan

SCM Contributor

Michael is a Ferrari historian and broker with over three decades in the business. He operated a 30-man Ferrari crash repair and restoration shop for over two decades. He has a passion for racing and has competed in the Mazda Pro Series, Trans-Am, IMSA GTO, and IMSA Camel Lite, and has three drives in the 24 Hours of Daytona and 12 Hours of Sebring. His regular column, “Sheehan Speaks,” has been a part of SCM since 1993, and this month, on p. 38, he takes us to a Brunei prince’s compound that holds hundreds of decaying, melting exotic sports cars.

Posted in Sheehan Speaks