2018 Monterey Car Week Auction Report: The top 200 cars at a glance
Monterey Car Week has many glorious facets, and is the most important celebration of automotive heritage in the world. One of those many aspects is that it constitutes the premium auction venue on the planet. Six major auctions (the official Pebble Beach auction by Gooding & Company, plus auctions by RM-Sothebys, Bonhams, Mecum,Russo & Steele and Worldwide Auctioneers) occur during the course of just three days, all within a few miles of the Pebble Beach epicentre.
In just 72 hours, from Thursday through Saturday night, $368 million in sales occurred, which was 12 percent up on last year but still well shy of the $428 million high point of 2014.
Apart from the obvious big sales at the top end of the market where three cars sold for more than $20 million, the biggest difference this year was the weakness of sales in the $1,000,000 to $10 million bracket, where the sell thru rate dropped from 70 percent last year to just 58 percent this year.
Those numbers are preliminary numbers sourced from Hagerty.com, and we'll follow this article up with some analysis once the dust has settled. For now, here are the top 200 cars which caught our eye during the 2018 Monterey Car Week auctions.
The top 200
1962 Ferrari 250 GTO - world record for a car at auction
Sold for: $48,405,000
Estimate: from $45,000,000 to $60,000,000
Auction: RM-Sothebys | Lot 247 | Official Description
See our story: $48.4 million Ferrari 250 GTO breaks world auction record
See also an extensive feature previewing the sale: The quest for the "Holy Grail" - billionaires line up for world's most expensive car
1935 Duesenberg SSJ - world record for American car at auction
Sold for: $22,000,000 (most valuable American car and the most valuable pre-WW2 car sold at auction).
Estimate: $10,000,000 plus
Auction: Gooding & Co | Lot 035 | Official Description
See our feature article on this Duesenberg Special Speedster Model J going to auction with Gooding & Company on August 25, 2018. It is arguably the most important road car produced by the American auto industry, which dominated the century of the automobile.
1963 Aston Martin DP215 Grand Touring Competition Prototype
Sold for: $21,455,000
Estimate: from $18,000,000 to $22,000,000
Auction: RM-Sothebys | Lot 141 | Official Description
A gorgeous car with a wonderful heritage, this one-off "works" Aston Martinwas developed to compete in the 1963 24 Hours of Le Mans and ultimately became the last racing car built by the factory. It is hence the ultimate evolution of the David Brown Aston Martin GT racers, designed by Ted Cutting, with an engine from Tadek Marek, and driven by Phil Hill and Lucien Bianchi. Hill was clocked at 198.6 mph on the Mulsanne Straight at Le Mans but gearbox issues caused a retirement. In selling for $21.455million, it became one of just 11 cars to sell for more than $20 million at auction, three of them sold during 2018 Monterey Car Week.