Monterey Car Week brought in over 110 cars that sold for over $1 million.
One of the most exciting aspects about Monterey Car Week is seeing what incredibly rare cars will be auctioned off by the multiple auction houses that will be present. For this year’s event, auction houses like RM Sotheby’s, Gooding & Co, Broad Arrow Auctions, Bonhams, Mecum, and more were on hand to present their fine selection of lots.
While at the week’s festivities, we constantly heard that this year’s edition of the famous automotive week was the biggest one in terms of attendance in quite some time. This attendance not only meant many cars were being shown, but also many bidders were ready to lay down seven figures on an automobile at the various auctions.
According to Hagerty, over 110 cars were sold for a price of over $1 million at the Monterey auctions, setting a new record. Since 2014, the number of $1 million+ vehicles to be sold at Monterey has only crested above 100 twice ( 2018 and 2021). Additionally, the auction sales totaled up to $470 million which absolutely obliterates the previous record set in 2015 ($395 million).
Seeing the cars that were going to cross the block at these auctions, it was obvious that the 2022 Monterey auction totals were going to be astronomical. For instance, take RM Sotheby’s who brought a 1955 Ferrari 410 Sport that had an eight-figure estimated price. When the final bid was given, this exceedingly rare Ferrari was sold for $22 million, making it the highest-priced car to sell during the week’s festivities.
For the types of cars being sold, the vast majority of high-priced lots were classics like the 1958 Ferrari 250 GT ‘Tour De France’ Alloy Berlinetta sold by Mecum Auctions for $2.86 million and the second highest priced lot, a 1937 Bugatti Type 57SC Atalante that sold for $10,345,000 through Gooding & Co. There were also more modern classics making waves, like a 1995 Ferrari F50 sold by Broad Arrow Auctions for $5.175 million. On top of that, the one-off Porsche 911 Sally Special that was designed to look like Sally Carrera from the Pixar film Cars had a hammer price of $3.6 million. Most importantly, that sum of money was donated to the Girls Inc. and USA for UNHCR charities.
Those two cars bring up another ongoing trait surrounding automotive auctions: Ferraris of all kinds are selling for big prices. In fact, Ferraris make up 6 out of the top 10 sales from the week in its entirety with the oldest of the bunch being a 1953 Ferrari 375 MM Spider and the newest being a 1966 Ferrari 275 GTB/C Coupe, both of which were sold by RM Sotheby’s.
Down below, you’ll see the Top 5 sales from the auction houses that were present at Monterey Car Week 2022.
RM Sotheby’s Top 5 Monterey Sales
1955 Ferrari 410 Sport Spider – $22,005,000
1937 Mercedes-Benz 540 K Special Roadster by Sindelfingen – $9,905,000
1924 Hispano-Suiza H6C “Tulipwood” Torpedo by Nieuport-Astra – $9,245,000
1957 Ferrari 500 TRC Spider by Scaglietti – $7,815,000
1966 Ferrari 275 GTB/C by Scaglietti – $7,595,000
Broad Arrow Auctions Top 5 Monterey Jet Center Sales
1957 Ferrari 250 GT LWB Berlinetta Scaglietti “Tour de France” – $5,500,000
1995 Ferrari F50 – $5,175,000
2015 Ferrari LaFerrari – $3,910,000
1971 Mercedes-Benz 600 LWB Landaulet – $2,590,000
1964 Aston Martin DB5 – $2,425,000
Mecum Top 5 Monterey Sales
1958 Ferrari 250 GT ‘Tour De France’ Alloy Berlinetta – $2,860,000
1936 Duesenberg Model J Rollston Convertible Berline – $2,695,000
2014 Bugatti Veyron 16.4 Grand Sport Vitesse Jean-Pierre Wimille Legend Edition – $2,640,000
2014 Ferrari LaFerrari Prototype PS1 – $2,640,000
1990 Ferrari F40 – $2,310,000
Gooding & Co Top 5 Pebble Beach Sales
1937 Bugatti Type 57SC Atalante – $10,345,000
1969 Ferrari 400 Superamerica Series 1 Coupe Aerodinamico – $6,000,000
2007 Porsche RS Spyder EVO – $5,615,000
1995 Ferrari F50 – $4,625,000
1969 Porsche 908/02 – $4,185,000
Bonhams Top 5 Quail Auction Sales
1955 Ferrari 250 Europa GT – $2,095,000
1969 Lamborghini Miura P400 S – $1,957,500
1956 Mercedes-Benz 300SL Gullwing Coupe – $1,737,500
1931 Stutz DV-32 Convertible Victoria Coachwork by LeBaron – $1,435,000
1926 Rolls-Royce Silver Ghost Piccadilly Roadster – $1,325,000