Monterey Car Week auction round-up ...
Traditionally grabbing the headlines during the Monterey Car Week are the auctions, which see hundreds of collector car change hands. Compared to previous peak years, the market was clearly a little down this year and some of the biggest lots failed to sell. Topping the week's sales was this McLaren F1, which topped the three-day RM Sotheby's sale at just shy of $20 million. It helped the Anglo-Canadian company to a total of $107 million with a 73% sell through rate.
With 77% of the lots sold, Gooding did slightly better although at $77 million the total revenue was down considerably compared to previous years. Achieving the best result was this Ferrari 250 GT California Spyder, which found a new owner for $9.9 million.
British rivals Bonhams expanded their Quail Lodge Auction to two days. Of the 224 lots offered, 163 found a new owner, which represents a 73% sell-through rate. Among the most interesting cars consigned to the $30.6 million sale was this Ferrari 340 America Vignale Berlinetta. Offered from a single ownership of six decades and in highly original condition, it topped the sale at $3.6 million.
Enjoy the links:
[url="https://www.ultimatecarpage.com/auction/226/2019-RM-Sotheby-s-Monterey.html"]2019 RM Sotheby's Monterey - Ultimatecarpage.com[/url]
[url="https://www.ultimatecarpage.com/chassis/3650/McLaren-F1-018.html"]1994 McLaren F1 - Chassis 018 - Ultimatecarpage.com[/url]
[url="https://www.ultimatecarpage.com/auction/229/2019-Gooding-and-Co.-The-Pebble-Beach-Auctions.html"]2019 Gooding & Co. The Pebble Beach Auctions - Ultimatecarpage.com[/url]
[url="https://www.ultimatecarpage.com/chassis/3651/Ferrari-250-GT-LWB-California-Spyder-1055GT.html"]1958 Ferrari 250 GT LWB California Spyder - Chassis 1055GT - Ultimatecarpage.com[/url]
[url="https://www.ultimatecarpage.com/auction/235/2019-Bonhams-Quail-Lodge-Auction.html"]2019 Bonhams Quail Lodge Auction - Ultimatecarpage.com[/url]
[url="https://www.ultimatecarpage.com/chassis/3673/Ferrari-340-America-Vignale-Berlinetta-0132A.html"]1951 Ferrari 340 America Vignale Berlinetta - Chassis 0132A - Ultimatecarpage.com[/url]