Over three days RM Sotheby's sold $172.7 million of vehicles in Monterey, including the highest price ever paid for a Jaguar at auction. The sale of a 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' brought $13.2 million.
Solid 50-percent appreciation for a Bavarian roadster and a Bolognese sport-ute sold at auction in Detroit this past weekend show that multi-million-dollar classics aren't the only cars that can prove a wise financial investment.
This is the car that started a string of victories for Ferrari at the Tour de France in the hands of the Marquis de Portago, securing its handle and place in history. Now it's going up for auction in Monterey.
RM Sotheby's announces the consignment of the Pinnacle Portfolio, a staggering array of supercars and classics set to hit the auction block in Monterey in August.
Zagato only made this one DB9 Spyder to celebrate Aston Martin's centenary two years ago, and now that solitary example is going up for auction at Pebble Beach this summer.
This gorgeous 1961 Ferrari 250 GT SWB California Spider is headlining RM Sothebys' auction at Lake Como next month, where it is projected to fetch around $13 million.
The newly united RM Sotheby's was the official auctioneer at the 2015 Amelia Island Concours d'Elegance, selling more than all the other auction houses present combined. And the top lot was this 1960 Ferrari 400 Superamerica SWB Cabriolet in gorgeous green with red leather, fetching a record $6 million for charity.
Between Barrett-Jackson, RM Auctions, Gooding & Company and Bonhams, this weekend saw over $292 million in classic cars and trucks change hands in Scottsdale, Arizona. These are the top ten most valuable lots, a list dominated by Ferraris – starting with the $9.6-million 250 LM.
RM Auctions moves $63.7 million worth of metal, including a 1964 Ferrari 250 LM that set the record for the highest ever paid at the Arizona event at $9.6 million.
This rare Miura SV, one of only five converted at the factory to Jota specification, promises to be the most expensive Lamborghini ever sold at auction... if it meets its pre-sale estimate of $2-2.6 million.
A highly original example of Audi's prototypical homologation special hot hatch is going up for auction, expected to fetch between $350,000 and $475,000.
The history books are filled with defunct American automakers, from Duesenberg and Studebaker to Plymouth and Pontiac. But few of them are as missed by vintage automobile enthusiasts as Mercer. The company only operated between 1909 and 1925, but in that short span of time it produced one of the earliest, most successful racing machines: the legendary Type 35R Raceabout.
We know from many, many years of watching classic car auctions, that there are certain qualities that ensure big money. For example, putting tiny silver horses and/or yellow badges on a red car will probably bring in a lot of cash. This is doubly true if said car hails from the 1950s or 1960s, and it's triply true if some dude drove it around in circles or if a celebrity owned it. That, friends, is how you make the serious dosh at auction.
Although the vast majority of eyeballs were tuned to the madness at Barrett-Jackson this past weekend, that televised car auction wasn't the only high-dollar game in Arizona. RM Auctions brought its usual gaggle of exotic wares to the desert, and the car that came out on top sold for much more than Barrett-Jackson's highest sale, the Batmobile.
The Dean V. Kruse Foundation is hard at work scrounging up cash to pay off some serious debt, and that work has led the organization to auction off more than half of the vehicles contained in the National Military History Center collection. If you're looking for World War II-era armor, consider this your one-stop shop. Want a 1941 Krupp Flak gun? No problem. How about a 1944 Steyr full-track? This Auctions America sale has you covered. The listing even includes rarities like a 1943-44 Dragon Wag
The Ferrari 250 GT California Spyder may have been introduced to the mainstream by the classic 1986 John Hughes' film Ferris Bueller's Day Off (of course, that car was a replica), but the iconic convertible has long been one of the most desirable collector cars for those in the know. With a little over 100 built, California Spyders rarely come up for sale, and when they do, they bring big money. Back in 2008, a 1961 model set a record for a car sold at auction with a $10.9 million price tag.
RM Auctions only just finished pulling in record numbers at its event in Monaco, but it's already gearing up for the next event set to take place during Pebble Beach weekend in Monterey, California.
Few marques get auto collectors riled up quite like Ferrari, and of classic Ferraris, few are as highly sought-after as the legendary Testa Rossa. We're talking, of course, about the 50s-era roadster (as opposed to the 80s-era cheesegrater supercar), and the originals continue to fetch top dollar (or euro) whenever and wherever their fortunate owners are willing to part with them.