Even though "recession" and "double-dip" are familiar to anyone au courant with headlines, to the bidders at Pebble Beach auctions, the first is a lexicological sibling of "recede" and the second is dessert. That's why Gooding & Company was able to make the till ring like a fire alarm again his year, selling 106 of 127 lots for more than $78 million and setting 19 records for cars sold at auction.
Pebble Beach 2011
Prices for vintage Ferraris have escalated the last few years, with the more expensive models breaking records for the price of a car sold at auction. A 1961 Ferrari California Spyder sold for more than $10 million in 2008, and a 1957 Ferrari 250 TR went for more than $12 million in 2009. When auction house Gooding announced that it would be selling the recently restored 1957 Ferrari 250 TR prototype at this past weekend's Pebble Beach sale, we had a feeling that the record would be broken once
Nobody can throw an anniversary party like the folks at Pebble Beach. To celebrate 50 years of the Ferrari 250 GTO, the world's most famous classic car show convened an incredible collection of Enzo's most coveted creation. And what a gathering it was. More than half of the 39 250 GTOs in existence were on display – the official number quoted was 22, although we could only count 21. The line of cars literally stretched farther than our cameras could capture. Factoring in the going rate of
The judges at this year's 2011 Pebble Beach Concours d'Elegance have been searching all day to find this year's 'Best in Show', and they have finally come up with a winner. Peter Mullin's 1934 Voisin C-25 Aerodyne earned the title after being named the best car in the 1932-1937 European Classic category. Yes, the same Peter Mullin of the renowned Mullin Automotive Museum.