Earlier this week a 1960 Ferrari 250 GT short-wheelbase (SWB) Berlinetta (chassis 1995 GT – one just 167 ever built), sold for £7,392,000 (US$11,439,774), becoming just the 26th car in history to sell for beyond seven figures. The 55 year old red V12 Ferrari had been donated by the late Richard Colton, a Ferrari collector, to the Royal National Lifeboat Institution (UK). Read on for full details of this new inductee into the de facto auction car "hall of fame" plus pics and auction links to all 26 cars.
The Ferrari F12 Berlinetta is already one of the most powerful naturally aspirated cars on the planet, but that doesn't mean there isn't room for improvement. The new F12tdf opens up the possibilities, carrying 40 extra angry horses under the hood and tearing through twists with help from a new rear-wheel steering system. This is an extreme F12 optimized for both road and track.
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.
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.
The sixty fifth anniversary of the first Pebble Beach auto racing weekend is now much greater than anyone could have envisaged when California's Monterey Peninsula community began this journey. Originally a race and low-key concours boasting European style racing cars, it has now evolved into what is known as Monterey Car Week. Camera in hand, Somer Hooker attended almost everything of significance at the 2015 event.
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.
We knew it was only a matter of time before the Ferrari 488 GTB got a Spider version, and that time has officially arrived. The all-new 488 Spider opens the roof on Ferrari's 660-hp turbocharged V8 two-door, and one of the world's favorite exotic cars gets that much better yet again.
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
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 ...
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.