Monterey Car Auctions Exceed $400 Million

© Rod Hatfield
© Rod HatfieldExhaust Notes and High Stakes

On Friday and Saturday nights, the buzz in the air is electric as the RM Sotheby’s auction takes over the Portola Hotel & Spa in downtown Monterey. The exotic exhaust notes echo off the surrounding buildings, announcing the arrival of the next prized offering on the auction block. The current estimated total sales figure for all 2015 Monterey auctions is $400 million according to Hagerty, the world’s largest classic car insurance provider and publisher of the Hagerty Price Guide, but the final number could be even higher once post-auction sales figures have been released.

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