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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 Feature

2015 Monterey Car Week and Pebble Beach Concours Pictorial

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.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

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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Automotive

A look back at the Concorso d’Eleganza Villa d’Este

The Concorso d’Eleganza Villa d’Este and the accompanying Villa Erba auction put on yet another spectacular show at the weekend, with 11 cars selling for more than a million dollars, 34 of the 39 lots on offer sold, and an average sale price of $880,000 per car. While the auction was spectacular, the three day show across the adjacent villas was beyond spectacular in every respect, with the finest of Europe's vast automotive heritage on display.

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Collectibles

Concorso d’Eleganza Villa d’Este & RM-Sotheby's Villa Erba auction preview

One of the world’s most exclusive and tradition-steeped events for historic cars and motorcycles takes place on the shores of Lake Como next weekend (22-24 May). Here's our guide to what to you can see at Concorso d’Eleganza Villa d’Este and what's for sale at RM-Sotheby's Villa Erba auction preview where 15 vehicles are expected to sell for more than $1 million each, and two cars are likely to move into the 20 most valuable cars ever sold at auction, both fetching more than $10 million.Read More

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