Gooding consigns rare Ferraris for Monterey auction

The 1959 Ferrari 250 GT LWB California Spider Competizione is one of the most-highly valued open race cars | Gooding photos
The 1959 Ferrari 250 GT LWB California Spider Competizione is one of the most-highly valued open race cars | Gooding photos

Four spectacular Ferraris, each of them worth a king’s ransom, will be presented at Gooding & Company’s collector car auction in August during Pebble Beach Concours week. Ranging in years from 1950 to 1962, the four historic Ferraris have a collective estimated value of $49 million to $58 million, which could put Gooding’s Monterey results into uncharted territory. Continue reading

Modern supercar exotics add luster to Mecum’s Monterey auction

A 2014 Ferrari LaFerrari hybrid supercar makes a rare auction appearance | Mecum Auctions
A 2014 Ferrari LaFerrari hybrid supercar makes a rare auction appearance | Mecum Auctions photos

Mecum Auctions are not exactly known as the venues for buying modern ultra-exotic European sports cars, but nonetheless its Monterey sale is bristling with very high-tech offerings from many of the greatest names in supercars.

The hyper performers from Ferrari, Bugatti, Aston Martin, Porsche and McLaren made since the dawn of the new millennium boast stunning horsepower as well as eye-popping styling and design, and they should boost the bottom line considerably for the Mecum collector car sale August 18-20 in Monterey. Continue reading

Eye Candy: Clever plates at the Ferrari Club of America Meet

Ingenuous combination  of letters and numbers tell what this Ferrari is | William Hall photos
Ingenuous combination of letters and numbers tell what this Ferrari is | William Hall photos

Illustrating that not all Ferrari owners take themselves seriously, we set out to find some of the cheekier interpretations of license-plate wit at the Ferrari Club of America International Annual Meet held last weekend in Columbus, Ohio.

A little bit of knowledge about Italian language and geography, as well as Ferrari model nomenclature, may help to decode some of the more cryptic messages within. Buona Fortuna! Continue reading

Market Report : Popular muscle cars showing strength

A 1953 Jaguar C-Type was one of the highest-selling cars of the month at $8 million | Bonhams
A 1953 Jaguar C-Type was one of the highest-selling cars of the month at more than $8 million | Bonhams

There has been quite a lot going on in the collector car auction market since last month’s report for Classiccars.com. RM Sotheby’s held its Monaco sale, Mecum held its sale in Indy, Auctions America held its spring Auburn sale, and Bonhams held its Monaco sale, the first since 2010.

Much like last month, cars are still selling and while we now have more of a buyer’s market than a seller’s market, cars are still being sold and sold for strong money. The sweet spot in the market seems to be with cars under $100,000, which are selling fast and for strong money. Continue reading

Ferrari opens museums in Italy to virtual tours

Ferraris from TV and film star in a current Museo Enzo Ferrari exhibit | Museo Enzo Ferrari
Ferraris from TV and film star in a current Museo Enzo Ferrari exhibit | Museo Enzo Ferrari

In case you haven’t made it over to Italy to tour the fabulous Ferrari museums, Google Maps presents the means to visit from the comfort of your own computer. Three street-view tours are available of both the Museo Ferrari in Maranello and the Museo Enzo Ferrari in Modena. Continue reading

RM Sotheby’s reaches $31.2 million at Monaco auction

A 1951 Ferrari 340 America Touring Barchetta was the high seller at $12.6 million | RM Sotheby's photos
A 1951 Ferrari 340 America Touring Barchetta was the high seller at $12.6 million | RM Sotheby’s photos

By most measures, RM Sotheby’s spring auction in Monaco was a solid success, scoring €27.5 million (nearly $31.2 million at the current exchange rate) as 114 cars crossed the block during Monte Carlo’s famous historic-racing weekend.

The fourth of the biannual Monaco sales (the auction house alternates yearly between Monaco and Villa Erba during the Villa d’Este concours in Italy) boasted seven cars selling for more than $1 million each, topped off by a 1951 Ferrari 340 America Touring Barchetta that achieved €7.28 million ($8.23 million). All sales results include auction fees. Continue reading

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