Monterey Car Auctions Set Record at $469 Million

© Rod Hatfield, Automotive Content ExperienceMonterey Car Auctions Record
For more than 70 years, the Pebble Beach Concours d’Elegance collector car show has drawn automotive enthusiasts to California’s Monterey Peninsula. Over the decades, other automotive events have germinated around the world-famous concours, blossoming into what is now known collectively as Monterey Car Week. Some of the most exciting events leading up to Sunday’s concours are the live auctions in Pebble Beach, Monterey and Carmel Valley. This year total auction sales reached $469 million — a new all-time record besting the 2015 total of $394.5 million by 18.9 percent. This year the top seller was a 1955 Ferrari 410 Sport Spider by Scaglietti, which sold for $22 million at RM Sotheby’s. A record 112 cars sold for more than $1 million, compared with 82 that topped that mark last year.

© Rod Hatfield, Automotive Content ExperienceStrong Sell Through, More Cars
Although this year the auctions’ combined sell-through rate dropped to 76 percent compared with 82 percent in 2021, it was still much stronger than the 59 percent rate in 2019. The 2022 auctions offered a total of 1,023 cars for sale — a 9 percent increase — and the average sale price increased to $583,211, compared with $446,042 in 2021. At the high end, prices were still below 2018 numbers, a year when three cars surpassed the $20 million mark; this year only one car reached that level, and only two cars sold for more than $10 million. What follows are the top 15 cars sold during the 2022 Monterey car auctions, in ascending order by price.

© Hagerty15. 1957 Ferrari 250 GT LWB Berlinetta Scaglietti Tour de France
Sale Price: $5,500,000
Auction House: Broad Arrow Auctions

© Gooding & Company14. 2007 Porsche RS Spyder Evo
Sale Price: $5,615,000
Auction House: Gooding & Company

© Rod Hatfield, Automotive Content Experience13. 1958 Ferrari 250 GT LWB California Spider
Sale Price: $5,972,500
Auction House: RM Sotheby’s

© Gooding & Company12. 1961 Ferrari 400 Superamerica Series I Coupe Aerodinamico
Sale Price: $6,000,000
Auction House: Gooding & Company

© Rod Hatfield, Automotive Content Experience11. 1998 Ferrari F300 F1 Car
Sale Price: $6,220,000
Auction House: RM Sotheby’s

Darin Schnabel © Courtesy of RM Sotheby’s10. 1958 Ferrari 250 GT Cabriolet Series I by Pinin Farina
Sale Price: $6,825,000
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience9. 1938 Talbot-Lago T150-C SS Teardrop Coupe
Sale Price: $7,265,000
Auction House: RM Sotheby’s

Motorcar Studios © Courtesy of RM Sotheby’s8. 1953 Ferrari 375 MM Spider by Scaglietti
Sale Price: $7,485,000
Auction House: RM Sotheby’s

Mo Satarzadeh © Courtesy of RM Sotheby’s6. 1954 Ferrari 375 America Vignale Cabriolet (tie)
Sale Price: $7,595,000
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience6. 1966 Ferrari 275 GTB/C (tie)
Sale Price: $7,595,000 (tie)
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience5. 1957 Ferrari 500 TRC Spider
Sale Price: $7,815,000
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience4. 1924 Hispano-Suiza H6C Tulipwood Torpedo
Sale Price: $9,245,000
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience3. 1937 Mercedes-Benz 540K Special Roadster by Sindelfingen
Sale Price: $9,905,000
Auction House: RM Sotheby’s

© Rod Hatfield, Automotive Content Experience2. 1937 Bugatti Type 57SC Atalante
Sale Price: $10,345,000
Auction House: Gooding & Company

© Rod Hatfield, Automotive Content Experience1. 1955 Ferrari 410 Sport Spider
Sale Price: $22,005,000
Auction House: RM Sotheby’s

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