August 2022 - auction highlights
5 September, 2022
August’s Monterey sales provided further evidence of the bullish sentiment in the US market, with a record overall total – trumping the previous best set in 2015. RM Sotheby’s led the way, posting an impressive $239.2 million total with 95% of the lots finding new homes during the three-day marathon, 50 of which made in excess of $1 million. Their 1955 Ferrari 410 Sport Spider also took the honours for the most expensive car sold during Monterey Car Week, bringing $22,005,000 (estimate $25,000,000 – 30,000,000).
Other stand-out results included a 5,495-km 1984 Lamborghini Countach LP500 S – recently recommissioned by DK Engineering – selling for $1,061,000 (estimate $700,000 – 900,000); a two-owner 1995 Ferrari F512M in triple black with under 9,000 miles fetched $780,500 (estimate $475,000 – 550,000); and a 16,650-mile 1995 Porsche 928 GTS smashed its $225,000 – 275,000 estimate, taking $406,500. Generous bidding for the charity lot, a one-off Porsche 911 styled on the Cars character Sally Carrera, saw it raise $3,600,000 – a world record for a factory new Porsche.
[ RM Sotheby’s Monterey Sale – auction results here ]
Broad Arrow Auctions turned in a strong performance at its inaugural sale in Monterey, generating $55.25 million and an 88% sell-through rate, with Ferraris locking out the top-three. A concours award-winning 1957 250 GT Berlinetta ‘Tour de France’ headed the results at $5,500,000 (estimate $6,000,000 – 7,000,000), Broad Arrow’s 5,000-mile 1995 F50 set a new record for the model at $5,175,000 (estimate $4,400,000 – 5,000,000) and a 2015 LaFerrari, barely used with only 143 miles, brought $3,910,000 (estimate $3,000,000 – 3,300,000). Elsewhere, significant interest in the late Sean Connery’s Aston Martin DB5 pushed its final bid to $2,425,000 (estimate $1,400,000 – 1,800,000), with the new owner getting a personal drive with Jackie Stewart as part of the deal.
[ Broad Arrow Auctions Monterey Jet Centre Sale – auction results here ]
A Ferrari also took the top slot at Bonhams’ Monterey sale, its 1955 250 Europa GT with Ferrari Classiche certification was exhibited at the 1956 Brussels Motor Show and was hammered away for $2,095,000 (estimate $2,250,000 – 2,750,000). Star attraction among the Porsches on offer was a single-owner 1995 GT2, one of 57 road cars built, showing less than 5,000km, it sailed past its $850,000 – 1,200,000 guide, changing hands for $1,545,000.
[ Bonhams The Quail Auction – sale results here ]
Gooding & Company’s 1937 Bugatti Type 57SC Atalante was their top sale and the most expensive pre-war car sold this year at Monterey ($10,345,000). Other above-estimate highlights included a 1,832-mile 1990 Ferrari F40 at $3,965,000 – a new record (estimate $2,750,000 – 3,250,000); a restored 1973 Porsche 911 Carrera RS 2.7 Lightweight, matching numbers and in its original Seeblau livery, selling for $2,425,000 (estimate $1,750,000 – 2,250,000); and a 2006 Ford GT Heritage Edition with 116 miles making $731,000 (estimate $575,000 – 650,000). Gooding reported a $109.5 million total and an 85% sell-through rate.
[ Gooding & Company Pebble Beach Sale – auction results here ]
Fast Fords often make headlines at Silverstone Auctions, but The Classic sale in August brought a new high by some margin for an Escort RS Turbo, with an ex-Diana, Princess of Wales car going for £722,500. Offered at no reserve, it was the only Series 1 example in black, and was regularly driven by her for the first three years of its life, entering the consignor’s collection in 2008. Sold with an archived history file and now bearing its original registration plate, the car was immaculately presented, showing 24,961 miles.
All five Subaru Imprezas on offer were successfully sold, notably the ex-Richard Burns 2001 WRC generating £392,500 (estimate £380,000 – 420,000) and a 36,000-mile 1998 22B blitzing its £100,000 – 120,000 estimate at £182,250. A 1966 Mercedes-Benz 230 SL that was first owned by Stirling Moss achieved £177,750 (estimate £100,000 – 120,000), while Audi Quattros continue to make good money, Silverstone’s 1991 20-valve with 75,900 miles selling for £86,063 (estimate £70,000 – 80,000).
[ Silverstone Auctions The Classic Sale – auction results here ]
Classic car auction results and prices for: Ferrari | Lamborghini | Porsche | Aston Martin | Bugatti | Ford | Subaru | Mercedes-Benz | Audi
From leading auction houses: RM Sotheby’s | Broad Arrow Auctions | Bonhams | Gooding & Company | Silverstone Auctions
Read through the rest of our classic car auction reports for more auction results. Check out our online resource for upcoming classic car auction events and classic car auction results around the world.