Another Monterey week passes us by. The 2018 auctions, as expected, didn’t disappoint. Here’s a annual roundup of all the madness…
2018 Auction Sales Value by Auction House (August)
|Auction Start||Auction End||Auction Event||Auction House||Total Value Sales USD|
|24/08/2018||25/08/2018||Monterey 2018||RM Sotheby's||$157,931,940.00|
|24/08/2018||25/08/2018||The Pebble Beach Auctions 2018||Gooding & Company||$116,321,000.00|
|24/08/2018||24/08/2018||Quail Lodge Auction||Bonhams||$37,626,690.00|
|23/08/2018||25/08/2018||Monterey 2018||Mecum Collector Car Auctioneers||$37,540,800.00|
|02/08/2018||04/08/2018||Harrisburg 2018||Mecum Collector Car Auctioneers||$20,678,350.00|
|15/08/2018||18/08/2018||Owls Head 2018||Owls Head Transportation Museum||$3,904,535.00|
|25/08/2018||25/08/2018||Aug-18||Anglia Car Auctions||$1,771,757.00|
|13/08/2018||13/08/2018||Sydney Winter Classic||Shannons||$625,949.00|
|18/08/2018||18/08/2018||Classic Vehicles||Morris Leslie||$344,993.00|
As they did in 2017, RM Sotheby’s topped the Monterey sales with almost $158 million being raised from the sale of 125 collector cars. By comparison, in 2017 RM Sotheby’s sold 103 cars for $133 million, $25 million less than this year.
2018 Top 10 Cars Sold by Value (August)
|auction_house_name||Car Year||Car Make||Car Model||Car Price|
|RM Sotheby's||1962||FERRARI||250 GTO||$48,405,000.00|
|Gooding & Company||1935||DUESENBERG||MODEL SSJ||$22,000,000.00|
|RM Sotheby's||1963||ASTON MARTIN||DP215 GRAND TOURING COMPETITION PROTOTYPE||$21,455,000.00|
|RM Sotheby's||1966||FORD||GT40 MK II||$9,795,000.00|
|Gooding & Company||1958||FERRARI||250 GT TDF||$6,600,000.00|
|Gooding & Company||1955||MASERATI||A6GCS/53 SPIDER||$5,170,000.00|
|Gooding & Company||1955||FERRARI||500 MONDIAL||$5,005,000.00|
|RM Sotheby's||1957||PORSCHE||550 A SPYDER||$4,900,000.00|
|RM Sotheby's||1956||MASERATI||A6G/2000 BERLINETTA ZAGATO||$4,515,000.00|
RM Sotheby’s and Gooding & Co sales dominate the most valuable sales – it’s no surprise the two auction houses made the most money this year ($158 million and $116 million, respsctively).
The outstanding car at this years sales, hotly anticipated by almost everyone, was a record breaker, a 1962 Ferrari 250 GTO that sold for $48,405,000 (unsurprisingly, it was our favourite August sale). RM Sotheby’s described it as “The third of only 36 GTOs built; considered by marque experts to be one of the most authentic and original of all GTO examples”. The second most expensive car to go under the hammer was another 1962 250 GTO sold during Monterey week 2014 by Bonhams for $28,115,000.
2002 - 2018 Collector Car Auction Sales Totals (August)
The August market continues to rise. We saw more cars going under the hammer (1,688) in 2018 and the largest money made ($377 million) since 2014 ($401 million).
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