Monterey Auction Review

As Monterey Classic Car Week officially came to a close last night, Hagerty provided a recap of preliminary auction results from this weekend. They show current cumulative totals of $390.6M. Listed below are the raw results witnessed by Hagerty during the live auctions and may not factor in any post-sale deals that have occurred. These numbers include the appropriate buyer’s premiums.

Overall from all auction companies

Cumulative Total: $390.6M*
803/1,386 lots sold: 58%
Average Sale Price: $479,557
Median Sale Price: $96,800

2014 Cumulative Results

Cumulative Total: $428.1M
765/1,264 lots sold: 61%
Average Sale Price: $559,564
Median Sale Price: $99,000

Overall Top 10 Sales from all auctions:

1. 1964 Ferrari 250 LM Coupe sold for $17,600,000 (RM Sotheby’s)
   
2. 1961 Ferrari 250 GT California SWB Spyder (closed headlight) sold for $16,830,000 (Gooding & Co.)
   
3. 1962 Ferrari 250 GT SWB Coupe sold for $16,500,000 (Gooding & Co.)
   
4. 1998 McLaren F1 LM Coupe sold for $13,750,000 (RM Sotheby’s)
   
5. 1953 Jaguar C-Type Works Lightweight Roadster sold for $13,200,000 (RM Sotheby’s)
   
6. 1956 Ferrari 250 GT TdF Coupe sold for $13,200,000 (RM Sotheby’s)
   
7. 1982 Porsche 956 Coupe sold for $10,120,000 (Gooding & Co.)
   
8. 1959 Ferrari 250 GT Interim Coupe sold for $8,525,000 (Bonhams)
   
9. 1959 Ferrari 250 GT California LWB Spyder (open headlight) sold for $8,500,000 (RM Sotheby’s)
   
10. 1950 Ferrari 275 S/340 America Barchetta sold for $7,975,000 (RM Sotheby’s)

Individual results from each company

GOODING & COMPANY

Cumulative Total: $121.7M
111/129 lots sold: 86%
Average Sale Price: $1,096,333
Median Sale Price: $440,000

2014 Cumulative Results

Total: $106.2M
106/121 lots sold: 86% sell-through rate
Average Sale Price: $996,903
Median Sale Price: $411,125

Overall Top 10 Sales:

1. 1961 Ferrari 250 GT California SWB Spyder (closed headlight) sold for $16,830,000
   
2. 1962 Ferrari 250 GT SWB Coupe sold for $16,500,000
   
3. 1982 Porsche 956 Coupe sold for $10,120,000
   
4. 1957 Ferrari 410 Superamerica SII Coupe (open headlight) sold for $5,087,500
   
5. 1967 Ferrari 275 GTB/4 Coupe sold for $3,877,500
   
6. 1934 Packard Twelve-Series 1108 Dietrich Sport Sedan sold for $3,630,000
   
7. 1965 Ferrari 500 Superfast Series I Coupe sold for $3,025,000
   
8. 1966 Ferrari Dino 206 S Spyder sold for $2,310,000
   
9. 1998 Ferrari 333 SP Roadster sold for $2,090,000
   
10. 2015 McLaren P1 Coupe sold for $1,925,000
    
11. 1965 Ferrari 275 GTS Spyder sold for $1,925,000
    
    

RM Sotheby’s

Cumulative Total: $172.7M*
126/149 lots sold: 85%
Average Sale Price: $1,328,401
Median Sale Price: $420,750

2014 Cumulative Results

Total: $143.3M
118/129 lots sold: 91% sell-through rate
Average Sale Price: $1,193,745
Median Sale Price: $462,000

Overall Top 10 Sales:

1. 1964 Ferrari 250 LM Coupe sold for $17,600,000
   
2. 1998 McLaren F1 LM Coupe sold for $13,750,000
   
3. 1953 Jaguar C-Type Works Lightweight Roadster sold for $13,200,000
   
4. 1956 Ferrari 250 GT TdF Coupe sold for $13,200,000
   
5. 1959 Ferrari 250 GT California LWB Spyder (open headlight) sold for $8,500,000
   
6. 1950 Ferrari 275 S/340 America Barchetta sold for $7,975,000
   
7. 2005 Ferrari Enzo Coupe sold for $6,050,000
   
8. 1931 Bentley 4 1/2-Litre Two-Seater Sports sold for $4,015,000
   
9. 1966 Ferrari 275 GTB/2 Longnose Alloy Coupe sold for $3,960,000
   
10. 1967 Ferrari 275 GTB/4 Coupe sold for $3,300,000
    
11. 1994 Ferrari F40 LM Coupe sold for $3,300,000

Mecum

Cumulative Total: $41.2M
335/657 lots sold: 51%
Average Sale Price: $122,941
Median Sale Price: $49,500

2014 Cumulative Results

Total: $33.5M
334/676 lots sold: 49% sell-through rate
Average Sale Price: $100,295
Median Sale Price: $44,820

Overall Top 10 Sales:

1. 1969 Lamborghini Miura P400 S Coupe sold for $2,530,000
   
2. 1970 Plymouth Cuda 426/425 Convertible sold for $2,475,000
   
3. 1976 Porsche 911 Carrera Turbo Coupe sold for $2,145,000
   
4. 2005 Maserati MC12 Coupe sold for $1,732,500
   
5. 1989 Ferrari F40 Coupe sold for $1,265,000
   
6. 2005 Porsche Carrera GT Coupe sold for $1,100,000
   
7. 1963 Shelby Cobra 289 R&P Roadster sold for $1,100,000
   
8. 1967 Toyota 2000GT Coupe sold for $1,017,500
   
9. 2005 Porsche Carrera GT Coupe sold for $852,500
   
10. 1969 Chevrolet Corvette 427/430 Convertible sold for $825,000

Russo and Steele

Cumulative Total: $8.5M
112/209 lots sold: 54%
Average Sale Price: $75,920
Median Sale Price: $38,500

2014 Cumulative Results

Total: $9.6M
81/185 lots sold: 44% sell-through rate
Average Sale Price: $118,379
Median Sale Price: $61,600

Overall Top 10 Sales:

1. 2005 Porsche Carrera GT Coupe sold for $781,000
   
2. 1971 Mercedes-Benz 280SE 3.5 Convertible sold for $440,000
   
3. 1958 Dual-Ghia Hemi Convertible sold for $412,500
   
4. 1966 Ferrari 330 GT SII Coupe 2+2 sold for $404,250
   
5. 1973 Ferrari Dino 246 GTS Spyder sold for $363,000
   
6. 1966 Shelby GT350 Fastback sold for $313,500
   
7. 1977 Porsche 911 Carrera Turbo Coupe sold for $214,500
   
8. 1992 Ferrari 512 TR Coupe sold for $195,250
   
9. 1967 Sunbeam Tiger MK II Convertible sold for $181,500
   
10. 1997 Lamborghini Diablo VT Roadster sold for $165,000

Bonhams

Overall total: $45.7M
96/109 lots sold: 88%
Average Sale Price: $476,048
Median Sale Price: $198,000

2014 Cumulative Results

Total: 106.5M
104/117 lots sold: 87% sell-through rate
Average Sale Price: $1,030,807
Median Sale Price: $192,500

Overall Top 10 Sales:

1. 1959 Ferrari 250 GT Interim Coupe sold for $8,525,000
   
2. 1971 Ferrari 365 GTS/4 Daytona Spyder sold for $2,640,000
   
3. 1985 Ferrari 288 GTO Coupe sold for $2,365,000
   
4. 1951 Ferrari 212 Inter Cabriolet sold for $2,200,000
   
5. 1955 Lancia Aurelia B24 Spider America sold for $1,952,500
   
6. 1953 Fiat 8V Ghia Supersonic Coupe sold for $1,815,000
   
7. 1987 Porsche 959 Komfort Coupe sold for $1,457,500
   
8. 1990 Ferrari F40 Coupe sold for $1,237,500
   
9. 1954 Mercedes-Benz 300SL Gullwing Coupe sold for $1,166,000
   
10. 1957 Mercedes-Benz 300SL Roadster sold for $1,144,000

JR

Cumulative Total: $624K
23/133 lots sold: 17%
Average Sale Price: $27,122
Median Sale Price: $26,950

Overall Top 10 Sales:

1. 2005 Ferrari F430 Coupe sold for $70,400
   
2. 1964 Alfa Romeo 2600 Spider sold for $63,250
   
3. 1965 Shelby Cobra Replica sold for $63,250
   
4. 1966 Mercedes-Benz 230SL Roadster sold for $45,100
   
5. 1999 Ferrari 456 GTA Coupe sold for $44,000
   
6. 1952 Riley RDM Drop Head Coupe sold for $44,000
   
7. 1962 BMW Isetta Coupe sold for $37,400
   
8. 1966 Chevrolet Chevy II Nova SS Sold for $33,000
   
9. 2000 Bentley Arnage Red Label Sedan sold for $29,700
   
10. 1954 Volkswagen Beetle Sedan sold for $27,500

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