Ferraris are the most desirable cars ever. At least, that’s the conclusion one could make based on the results of the vintage-car auctions at Monterey Car Week. Nine out of ten of the richest sales originally came from Enzo’s factory. Heck, the reddest brand even scored—with a superb 1954 Ferrari 375MM Scaglietti coupe—its first-ever Best of Show award at Sunday’s big concours at the Pebble Beach Golf Links.
For decades, vintage-car auctions have been an integral part of the Pebble festivities. This year, five major auction houses vied for bidders’ attention over the course of four days, concluding Sunday evening. Old-car values have climbed sharply in recent years, so it’s no surprise that 2014’s Monterey results continued the trend. According to Hagerty, a classic-car insurer, 745 cars were hammered sold—for a total of $399 million—on the Monterey Peninsula from Thursday, August 14 through Sunday, August 17. That surpasses the 2013 total by $87 million, which topped 2012 by some $47 million—yes, we see the trend, too. The median sale price rose from $71,500 to $99,000, and the average price leapt from $416,696 to $535,648, thanks in large part to the most expensive car ever sold at auction, a $38,115,000 1962 Ferrari 250GTO, which many people expected to bring even more dough. At least two more Ferraris could’ve made the top ten but didn’t meet reserve, including this 1966 365P one-off, which was bid up to only $22.5 million. How insulting . . .
It wasn’t just seven- and eight-figure Maranello sleds that made news, though. By Hagerty’s calculations, numerous other models notched record sales, including the Lamborghini Countach ($1.87 million), the Maserati Ghibli ($814,000), the Jaguar E-type ($528,000), the Mercedes-Benz 190SL ($341,000), and the Mazda Cosmo ($264,000).
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Here’s the rundown of the top-ten sellers, with photos:
- 1962 Ferrari 250GTO coupe sold for $38,115,000 (Bonhams)
- 1964 Ferrari 275GTB/C Speciale coupe sold for $26,400,000 (RM Auctions)
- 1961 Ferrari 250GT California SWB Spyder (closed headlight) sold for $15,180,000 (Gooding)
- 1964 Ferrari 250LM coupe sold for $11,550,000 (RM Auctions)
- 1967 Ferrari 275GTB/4 coupe sold for $10,175,000 (RM Auctions)
- 1953 Ferrari 250MM coupe sold for $7,260,000 (Bonhams)
- 1965 Ford GT40 prototype roadster sold for $6,930,000 (RM Auctions)
- 1962 Ferrari 250GT SWB Speciale Aerodinamica coupe sold for $6,875,000 (Bonhams)
- 1958 Ferrari 250GT Series 1 cabriolet (closed headlight) sold for $6,820,000 (Bonhams)
- 1959 Ferrari 250GT Series 1 cabriolet (open headlight) sold for $5,610,000 (Gooding)
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