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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