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
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
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
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
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
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
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 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
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.
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