Ferrari’s Command the Highest Prices in the Classic Car Market

Ferrari’s Command the Highest Prices in the Classic Car Market

Ferrari’s Command the Highest Prices in the Classic Car Market

A 1959 Ferrari 250 GT LWB California Spyder is shown shown above during the Gooding & Co. auction at the weekend in Pebble Beach, California

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The car sold for $18.15-M in the weekend’s 3rd-highest sale.

Also, a 1960 Ferrari 250 GT SWB Competizione Coupe also from Gooding & Co. hammered for $13.5-M, and a 1956 Ferrari 250 GT TdF Coupe from RM Sotheby’s (NYSE:BID) sold for $5.72-M.

These were among the 10 most expensive cars sold by any auction house during Monterey Car Week.

In 4 days of fast selling, $344.9-M worth of cars, trucks, and motorcycles changed hands in 5 locations from 18-21 August in Monterey, California.

The totals were bolstered by some of the most rarest classic, vintage and antique cars ever to be offered at auction, with 7 selling for more than $10-M each.

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The top seller was a 1955 Jaguar D-Type Roadster that RM Sotheby’s sold for $21.8-M not including buyers and sellers fees.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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