Hagerty graph shows impact of million-dollar car sales

Hagerty
Hagerty

Democratic presidential candidate Bernie Sanders would love the Graph of the Week from Hagerty, the classic car insurance and valuation company, because it’s about how the 1 percenters get all the attention while spending most of the money.

For Bernie, the 1 percent comprises those multi-millionaires and billionaires who seem to get richer all the time. For classic car fanatics, the 1 percent are those seven- and eight-figure cars that the millionaires and billionaires buy and sell at auction. Continue reading

RM Sotheby’s hits $21 million for 48 cars at Paris sale

A 1955 Porsche 550 Spyder sold for $3 million at the Paris auction | RM Sotheby's photos
A 1955 Porsche 550 Spyder sold for $3 million at the Paris auction | RM Sotheby’s photos

RM Sotheby’s had a very tight schedule following its successful collector car auction January 28-29 in Arizona, packing up and flying off to Paris for its Retromobile auction on Wednesday. They made it, and held a sale that reached nearly $21 million for 48 sold out of 61 cars, a 79 percent rate.

The star of the show was a spectacular Porsche, a 1955 Spyder with racing history that sold for a convincing $3 million (all sales results converted from euro and include auction fees), the highest sale that took place during the auction. Continue reading

Pick of the Day: 1969 Ferrari 365 2+2 coupe

The 1969 Ferrari 365 2+2 is the final classic front-V12- engine car from Maranello
The 1969 Ferrari 365 2+2 is the final classic front-V12- engine car from Maranello

Since we all just got back from auction week in Arizona, I thought I would select a higher-end car that experienced a bit of a drop in value at the sales. Yes, it is not my typical bargain pick but in lieu of the current market, it could represent something of a good deal.

The Pick of the Day is a 1969 Ferrari 365 2+2 for sale in Houston. Texas, and it looks to be a nice car. Continue reading

Ferrari collection to be offered by Gooding at January auction

The eight Ferraris have a total value as high as $13.5 million | Gooding & Company
The eight Ferraris have a total value as high as $13.5 million | Gooding & Company

Eight great Ferraris, dating from the 1960s to a 2003 Enzo, have been consigned to Gooding & Company’s Arizona auction in January by a Beverly Hills, California, collector well-known among the ferraristi for his unbridled enthusiasm for the Italian stallion. Continue reading

One-off 1953 Ferrari 250 Europa Coupe by Vignale to be auctioned by RM Sotheby’s in New York

The 1953 Ferrari 250 Europa Coupe is one of only four coachbuilt by Vignale | RM Sotheby's photos
The 1953 Ferrari 250 Europa Coupe is one of only four coachbuilt by Vignale | RM Sotheby’s photos

After more than 60 years, a one-off coachbuilt 1953 Ferrari 250 Europa Coupe by Vignale returns to New York City for RM Sotheby’s inaugural Driven by Disruption auction December 10 in Manhattan.

The Europa Vignale, chassis number 0313 EU, has a checkered history ranging from the glory of the New York auto-show stage to becoming a daily driver and finally a forgotten relic in longtime storage. The unique Ferrari was rescued in 2003 and later restored to original, a task completed in 2011 and which brought the Ferrari back to its auto-show splendor. Continue reading

Keno brothers announce auction site, Ferrari N.A.R.T. offering

The 1971 Ferrari N.A.R.T Daytona racing at Le Mans in this archive photo | 24h-lemans.com
The 1971 Ferrari N.A.R.T Daytona racing at Le Mans in this archive photo | 24h-lemans.com

Keno Brothers Fine Automobile Auctions, recently established by Leslie and Leigh Keno, has determined the location for its inaugural classic cars auction scheduled for November 18-19, as well as announcing that a groundbreaking Ferrari N.A.R.T Daytona race car has been added to the docket.

The Kenos’ auction, dubbed Rolling Sculpture, will be held at Skylight Clarkson Sq in the fashionable Soho section of New York City and promises to offer a selection of 45 premium collector cars that will be presented with “a multi-sensory experience highlighting the beauty of each lot, while also bringing to life the history of each automobile,” Leigh Keno said in a news release. Continue reading

Coachbuilt beauties offered at Gooding auction in Pebble Beach

The 1962 Ferrari 250 GT was a one-off design by acclaimed stylist Giorgetto Giugiaro | Gooding photos
The 1962 Ferrari 250 GT was a one-off design by acclaimed stylist Giorgetto Giugiaro | Gooding photos

Two of the greatest and most-evocative examples of custom coachwork, one a pre-war American classic and the other a famous Italian beauty, will cross the auction block during Gooding & Company’s annual sale August 15 and 16 adjacent to the Pebble Beach Concours d’Elegance.

Continue reading

Celebrity Ferrari set for Russo and Steele Monterey sale

The 1966 Ferrari 330 GT 2+2 was formerly owned by Adam Carolla | Russo and Steele
The 1966 Ferrari 330 GT 2+2 was formerly owned by Adam Carolla | Russo and Steele

A 1966 Ferrari 330 GT 2+2 formerly owned by comedian and media personality Adam Carolla will cross the block at the Russo and Steele auction next month in Monterey, California.

The Series II model, powered by a Columbo V12 engine, is one of 455 examples built and, according to Russo and Steele, one of the best known of surviving examples with a history of prominent ownership since new. The Ferrari is a “matching numbers” example with fully documented mileage and with all services up to date, the auction says. Continue reading

Pebble Beach Concours unveils event poster showing first Ferrari to race in California

The poster shows a 1949 Ferrari racing through the Del Monte Forest | Peter Hearsey/Pebble Beach Concours
The poster shows a 1949 Ferrari racing through the Del Monte Forest | Peter Hearsey/Pebble Beach Concours

The Pebble Beach Concours d’Elegance has unveiled its main event poster for 2015, a depiction of the first Ferrari to race in California painted by the acclaimed Peter Hearsey.

The poster shows the 1949 Ferrari 166 Mille Miglia owned and driven by Jim Kimberly in action during the second annual Continue reading

Maserati, Ferrari prototypes set for RM Sotheby’s Monterey auction

The 1968 Ghibli Spyder prototype was used by Maserati as a show car | RM Sotheby’s photos
The 1968 Ghibli Spyder prototype was used by Maserati as a show car | RM Sotheby’s photos

Two significant Italian sports-car prototypes, the first Maserati Ghibli Spyder and the original U.S.-spec Ferrari 365 GTB/4 Daytona, will be offered by RM Sotheby’s at its Monterey auction in August.

The 1968 Ghibli is documented as the first Spyder built, with some key differences from production models. The convertible, with VIN 1001, features styling by Ghia and wears its original color combination. Continue reading