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 StartAuction EndAuction EventAuction HouseTotal Value Sales USD
24/08/201825/08/2018Monterey 2018RM Sotheby's$157,931,940.00
24/08/201825/08/2018The Pebble Beach Auctions 2018Gooding & Company$116,321,000.00
24/08/201824/08/2018Quail Lodge AuctionBonhams$37,626,690.00
23/08/201825/08/2018Monterey 2018Mecum Collector Car Auctioneers$37,540,800.00
02/08/201804/08/2018Harrisburg 2018Mecum Collector Car Auctioneers$20,678,350.00
15/08/201818/08/2018Owls Head 2018Owls Head Transportation Museum$3,904,535.00
25/08/201825/08/2018Aug-18Anglia Car Auctions$1,771,757.00
13/08/201813/08/2018Sydney Winter ClassicShannons$625,949.00
11/08/201811/08/2018Aug-18Mathewsons$440,048.00
18/08/201818/08/2018Classic VehiclesMorris Leslie$344,993.00
18/08/201818/08/2018Vintage SaleCheffins$13,882.00

As they did in 2017, RM Sotheby’s topped the Monterey sales with almost $158 million being raised from the sale of 125 classic 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_nameCar YearCar MakeCar ModelCar Price
RM Sotheby's1962FERRARI250 GTO$48,405,000.00
Gooding & Company1935DUESENBERGMODEL SSJ$22,000,000.00
RM Sotheby's1963ASTON MARTINDP215 GRAND TOURING COMPETITION PROTOTYPE$21,455,000.00
RM Sotheby's1966FORDGT40 MK II$9,795,000.00
Gooding & Company1958FERRARI250 GT TDF$6,600,000.00
Gooding & Company1955MASERATIA6GCS/53 SPIDER$5,170,000.00
Gooding & Company1955FERRARI500 MONDIAL$5,005,000.00
RM Sotheby's1957PORSCHE550 A SPYDER$4,900,000.00
RM Sotheby's1998MERCEDES-BENZCLK-GTR$4,515,000.00
RM Sotheby's1956MASERATIA6G/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 Classic Car Auction Sales Totals (August)

August Classic Car Auction Sales Volume and Values

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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