Monterey Car Auctions Exceed $365 Million

© Rod Hatfield© Rod Hatfield
Big Numbers
A major component of the Monterey Motoring Week are the multiple auctions that take place throughout the area. Collectors will add to their garages, while others hope to sell some of their prized possessions only to use the proceeds to buy something new. Huge numbers were reported from auction houses that include Gooding & Company, RM Sotheby’s, Mecum Auctions and Bonhams. But it was the 1962 Ferrari sold at RM Sotheby’s that headlined the week, selling for almost $50 million.

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