Pebble Beach Concours Week Auctions

Pebble Beach Concours Week Auctions

Pebble Beach Concours Week Auctions
Bring Exciting Auction Action to Monterey …

MONTEREY, CA — While most year’s the big auction sales during Pebble Beach Concours Week save their best cars for last, RM/Sotheby’s brought an imortant collection to their sale on Thursday evening. A packed crowd with every bidder seat filled was on hand for what they called the Pinnacle Collection sale. The two top sales of the week here at Concours Week happened at the RM/Sotheby’s Auction on Thursday. First a 1964 Ferrari 250 LM by Scaglietti burst onto the stage to loud applause. When the hammer dropped it had been sold for $17,600,000 (commission included.) The Scaglietti modeled Ferrari had an aluminum block V-12. Later a 1998 McLaren F1 “LM Specification”, one of the most iconic racing McLarens of all time, crossed the block at $13,750,000 with commission.

Saturday night was to be the “big show” for the Pebble Beach Concours Week Auctions with both the RM/Sotheby’s and Mecum Auctions drawing a large number of buyers. The top sale on Saturday was a 1956 Ferrari 250 GT Berlinetta which sold for $12,000,000 (before commission) at the RM/Sotheby’s Auction. Click here to view the top cars and sales prices from the RM/Sotheby’s Auctions this week.

Just as the 2015 Pebble Beach Concours d’ Elegance came to an end for another year on Sunday the Gooding & Company Auction began its second session. The top sale of the evening was a 1961 Ferrari 250 GT SWB California Spider which sold for $15,300,000 before seller’s commission. Click the arrows in the slideshow below to see more of the top cars at the Gooding & Company Auction.

On Friday evening a black 1970 Plymouth Hemi Cuda Convertible crossed the auction block at the Mecum Auction in Monterey. The official sales price was $2,250,000 before commission. It  was the top sale for Mecum that night as the Monterey Auctions were well underway here during Concours Week in the buildup to the Pebble Beach Concours d’ Elegance on Sunday. Cars On Line was on hand to bring you the action all weekend in photos and video from the Monterey Peninsula. Here are some of the cars we will see crossing the block at the Mecum Auction:

At the Bonham Auction on Friday the top sale was a 1951 Ferrari 212 Inter Cabriolet crossing the block for $2,000,000. The Bonham Auction is a smaller, more intimate setting where the offerings are quite discrete. Here are some of the highlights of the sale:

There was some serious money here during the Pebble Beach Concours Week Auctions as four big name auction companies sold top tier collector cars in the shadow of the 2015 Pebble Beach
Concours d’Elegance. Although the Concours is what brings most collectors to the peninsula on the Pacific Ocean this week, a number of top name auction companies are also here to ween buyers for their top collector car offerings.

An estimated 1,100 cars were sold here last year so you can bet there will be lots to see. Photo journalist Bob Boberg of eClassicAutos.com reported that prices at the Mecum Auction, RM Auction, Gooding & Company and Bonhams Auction were up markedly last year. We counted over 110 cars sold for over seven figures here last year.  It was after this show last year that we noticed the collector car market really took off. Prices were escalating on high end classic Ferraris and rare vintage cars, and that trend has carried through to today.

We’ll be getting some of the wrapup statistics from the big three auction companies. Stay tuned to this page for more info.