RM/Sotheby's Monterey 2018 - Top result in difficult times
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Summary
On August 24 and 25, 2018, RM/Sotheby's auctioned 150 automobiles worth almost USD 213 million. 83 percent of the vehicles found new owners, who paid an average of USD 1.26 million for them. The highlight was certainly the auction of a Ferrari 250 GTO from 1962, which set a new absolute auction record when it was sold for USD 48.4 million. But an Aston Martin also flew over the USD 20 million barrier. This report analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- The most expensive car ever sold at auction
- An Aston Martin for over 20 million
- Ford GT40 for almost 10 million
- 22 cars over one million
- A selective audience for the Ferrari
- Only one Porsche did not sell
- Valuable Lotus Esprit
- Expensive Samba bus
- Vehicles offered and sold
Estimated reading time: 5min
Preview (beginning of the article)
On August 24 and 25, 2018, RM/Sotheby's auctioned 150 automobiles worth almost USD 213 million in Monterey. A superlative auction was expected, and several such auctions were held. With more than 20 cars sold for over a million USD, the high price level was evident. A total of almost USD 180 million was bid over the two evenings. 80 percent of the vehicles were knocked down, resulting in sales proceeds of USD 157.9 million, an average of USD 1.263 million per lot. The Ferrari 250 GTO from 1962 played a key role in the top result. The 36 Ferrari 250 GTOs built are not exactly frequent guests at auctions. They are usually sold privately, with only a few examples ever seeing the hammer. The 1962 GTO offered by RM with chassis number 3413, which was improved in 1964 with the later GTO/64 bodywork and won twice in class at the Targa Florio (1963 and 1964), was estimated at USD 45 to 60 million.
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