The pundits didn’t wait for the Monterey Car Week auctions to end before weighing in with banshee-like wails of market distress.
“Saturday night auctions fail to meet 2015 levels” The Los Angeles Times headlined before the Gooding auction on Sunday.
Bloomberg weighed in on Monday, “Monterey Auctions Continue to Slide after 2014 Peak.”
“Next month, if these trends continue, Cobras will be free!” (Okay, I made that one up.)
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Russo and Steele now has a selection of their Monterey star cars, including a 1963 Chevrolet Corvette Split-Window Fuelie, online at www.russoandsteele.com.
Russo and Steele’s Monterey Auction is scheduled for August 18-20 at Fisherman’s Wharf in downtown Monterey. Read more.
A record number of BMWs are set to take part in the historic races at the Rolex Monterey Motorsports Reunion from August 18-21 at Mazda Raceway Laguna Seca.
Out of a 550-car grid made up of vehicles from Bugatti, Morgan, Alfa Romeo and Ferrari, 64 cars will be of BMW heritage.
BMW North America will be competing, with many of the cars seen in the Living Legends Garage heritage display. Read More