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.
Lamborghini gave the Aventador LP 750-4 Superveloce an even sexier sibling over the weekend, revealing the Aventador LP 750-4 Superveloce Roadster at Pebble Beach Concours d'Elegance. The half-million-dollar roadster packages the blistering performance of the Superveloce with a little more blue sky overhead, hitting the road as one of the hottest convertibles we've ever seen.
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.
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.
Back at the 2012 Beijing Motor Show, Lamborghini gave the world a look
at what a modern Raging Bull-badged sport utility vehicle might look
like. Not a bad-ass, ultra-rugged Rambo Lambo redux, but a car-like crossover for the new, eco-conscious millennium. They called it Urus.
In the three years since, there's been plenty of "will they, won't
they" in the auto media, and each passing month has seemingly increased
the chances that they would not. Well, Lamborghini has now put any doubt
to bed, announcing this week that it is moving ahead with production of
a luxury SUV.
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.