The six auctions of Monterey Car Week have released their official sales totals, and the numbers are the biggest we’ve ever seen: $428m for 828 cars sold, which averages out to $517k per car. That’s a 39% increase beyond the $308m of Monterey Car Week 2013 and a 28% higher average price, although just 5% more cars were sold. Collector car values are definitely still on the rise.
Here are the overall sales figures for each auction. The November issue of SCM will feature full, in-depth coverage of all the Monterey action.
RM sold 118 of 129 consignments (91%) for $143m total. The high sale was was a 1964 Ferrari 275 GTB/C Speciale, sold at $26.4m (pictured above).
Bonhams offered 117 cars and reported a 92% sales rate, for overall sales of $108m. The top lot of the sale — and a new world record for most expensive car sold at auction — was a 1962 Ferrari 250 GTO at $38.1m.
Gooding & Company sales totaled $106m with 107 of 121 cars sold (88%). A 1961 Ferrari 250 GT SWB California Spyder topped the charts at $15.2m.
Russo and Steele achieved sales of $12.1m, with 102 cars selling. A 1956 Mercedes-Benz 300SL Gullwing was the high seller at $1.3m. Average price per car sold: $119k.
Mecum‘s biggest sale was a 1961 Ferrari 250 Series II Cabriolet, sold at $2.4m. 361 of 644 lots sold (56%), totaling a combined $34.6m. Average price per car sold: $96k.
Rick Cole sold 23 of 37 cars (62%) for $24.2m total. The most expensive car of the sale was a 1965 Ferrari 275 GTB Competizione Clienti. Average price per car sold: $1m.