HomeExclusiveMonterey Car Week Auction Totals Reach a Record Amount of $470 Million

Monterey Car Week Auction Totals Reach a Record Amount of $470 Million

Monterey Car Week brought in over 110 cars that sold for over $1 million

One of the most exciting aspects of Monterey Car Week is seeing what extremely rare cars will be auctioned off by the various auction houses in attendance. Auction houses such as RM Sotheby’s, Gooding & Co, Broad Arrow Auctions, Bonhams, Mecum, and others were on hand to present their fine selection of lots for this year’s event.

A look at Broad Arrow Auctions’ Monterey Jet Center event. (Source: Broad Arrow Auctions/Facebook)

We kept hearing throughout the week that this year’s edition of the famous automotive week was the largest in terms of attendance in quite some time. This attendance meant that not only were many cars on display, but that many bidders were willing to pay seven figures for a car at the various auctions.

2014 Bugatti Veyron 16.4 Grand Sport Vitesse Jean-Pierre Wimille Legend Edition sold by Mecum for $2,640,000 (Source: Mecum/Facebook)

According to Hagerty, over 110 cars sold for more than a million dollars at the Monterey auctions, setting a new record. The number of $1 million+ vehicles sold at Monterey has only topped 100 twice since 2014. ( 2018 and 2021). Furthermore, the auction sales totaled $470 million, shattering the previous record set in 2015 ($395 million).

Gooding & Co.’s top seller was a 1937 Bugatti Type 57SC Atalante that sold for $10,345,000. (Source: Gooding & Co/Facebook)

The vast majority of high-priced lots were classics, such as 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 sold by Gooding & Co. for $10,345,000. There were also more recent classics making headlines, such as a 1995 Ferrari F50 sold for $5.175 million by Broad Arrow Auctions. In addition, the one-of-a-kind Porsche 911 Sally Special, which was designed to look like Sally Carrera from the Pixar film Cars, sold for $3.6 million. Most importantly, the funds were donated to Girls Inc. and USA for UNHCR charities.

The Porsche 911 Sally Special, a one-off that celebrates the 20th anniversary of the film “Cars,” sold for $3.6 million. (Source: RM Sotheby’s/Facebook)

These two vehicles highlight another ongoing trend in automotive auctions: Ferraris of all varieties are fetching high prices. In fact, Ferraris account for six of the top ten sales of the week, with the oldest being a 1953 Ferrari 375 MM Spider and the newest being a 1966 Ferrari 275 GTB/C Coupe, both 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.

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

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