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Mike Hanlon

Collectibles

14 "Million Dollar Cars" sell at six auctions in eight days

It's not all that long ago, that a car selling at auction for more than the magical million dollar mark would bring a round of applause, recognizing the significance of the sale. The continuing rise in values of top tier collectible cars has now seen more than 1300 cars fetch more than a million dollars, with hundreds more sold each year and 2015 set for a new record. Less than a month after Monterey Car Week saw more than 80 "Million Dollar Cars" sell, a further 14 cars topped the magic million dollar mark across six auctions in eight days. Despite some forebodings that the collectible car market had finally "topped out", it appears that predictions of its demise were somewhat premature.Read More

Automotive Feature

Monterey Car Week Auctions: The cars that fetched more than a million

The Monterey Car Week auctions have come and gone, and the analysts are still trying to sort through the numbers to figure out what they mean. There were more auctions and more cars presented this year than ever before, and the two biggest collectible car auction houses (RM Sotheby's and Gooding & Co.) grew sales considerably year-on-year, but the overall gross take for the combined auctions comes in within a few dollars of last year's record numbers. Like all those who ply the trade as buyers or sellers, the market appears stronger at the top end and slightly softer in the middle.Read More

Automotive

Pinnacle Portfolio sells for $67 million to become world's most valuable car collection

Monterey Car Week's auctions began on a positive note tonight when the Pinnacle Portfolio became the most valuable single owner car collection ever sold at auction. Sales from the 25-car auction totaled more than US$67 million, exceeding the previous record by nearly 25 percent. The top sellers were a 1964 Ferrari 250 LM, which sold for $17,600,000, and a 1998 McLaren F1 "LM-Specification", which sold for $13,750,000. Nearly half the cars in the collection set new world records for the models.Read More

Automotive Feature

Monterey Car Week auctions prepare to smash records

This week is Monterey Car Week, an event which has evolved over the last 65 years to become the single most important celebration of automotive heritage in the world. The Pebble Beach Concours d'Elegance has become the world's most important such event, and the round of collectible car auctions (seven almost concurrent auctions this year) now sells almost half the world's most valuable cars. Includes internet viewing guide and times.Read More

Collectibles Feature

Ten $10 million cars head for Pebble Beach

Only 18 cars have ever sold at auction for more than US$10 million. It's illustrative that 11 of those cars have sold during the mid–August Monterey Car Week auctions surrounding the Pebble Beach Concours d’Elegance. This year that number might rise dramatically as there are 10 cars going to auction over a three day period that are estimated to surpass the $10 million barrier.

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Automotive

Mercedes-Benz 540K Spezial Roadster ... going cheap

This genuine supercharged 5.4 liter car originated in Mercedes-Benz' legendary Singelfinden works eighty years ago and it's one of the finest examples of one of the world's most valuable models, yet it will struggle to get much more than 10 percent of its potential value when it goes to auction later this week. Why? Read on ...Read More

Automotive

Harrington's new $10,000 Junior Formula One Car

The Harrington Group's half-scale cars have been around for 13 years, with the entire fleet of classic look-alikes being completely reengineered two years ago and a new level of sophistication added to the designs. The latest release of a two-thirds scale 1960s Lotus 25 F1 lookalike could prove to be much more than just an exquisite toy for the wealthy though. It's a low cost race car which could form the basis for a whole new sport with more relevance than karts.

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Collectibles

Pictorial: 2015 Goodwood Festival of Speed

Pebble Beach might sell more million dollar cars, Villa d'Este might be more exclusive, but the Goodwood Festival of Speed is without a shadow of doubt, the largest celebration of motoring's heritage on Planet Earth. It is the only event which brings the world's greatest cars and drivers, past and present, and puts them in one place for an entire four day festival. The final ingredient in the FoS recipe which ensures it will be difficult to replicate, is that the cars and drivers, regardless of age, all get to put the pedal to the metal amidst it all.

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