The Monterey auctions kicked off last night with a special Ford-only sale put on by RM. Despite an offering of significant race cars and a slew of concept cars, bidding was sluggish and many of the final sale prices were well below the pre-auction estimates. Some of the concepts like the 2000 Ford Prodigy Concept and the 2002 Lincoln Coninental Concept Shell sold for just $14,000 each, while many of the high profile cars sold for less than half the estimates. The 2003 Ford Supercharged Thunderbird Concept went for $60,000, the 2004 Lincoln Mark X Concept sold for $92,500, and the 2004 Ford Mustang GT-R Concept went to a bidder who only had to fork over $100,000.
The top sales of the day were actually a pair of Lincolns, one a 1962 Continental "Bubbletop" Kennedy Limousine ($429,000) and the other a 1933 KB Custom Dietrich Convertible Sedan ($385,000). Some most significant cars were no-sales, including a 1903 Ford Model A that is the oldest existing Ford ever sold (high bid of $325,000) and a 1964 Cooper Ford "King Cobra" that didn't meet the reserve at $450,000.
You can see the Ford concept cars and many of the other vehicles at RM's Thursday night auction in the gallery below, and be sure to check back for more auction photos and results this weekend.