Monterey Car Auctions Exceed $400 Million

Copyright and courtesy of Gooding & Company. Photo by Mike Maez.
Copyright and courtesy of Gooding & Company. Photo by Mike Maez.A Changing Market

Hagerty sees this year’s auction results as indication of changes in the market. “Bidding generally seemed rational, and the dip in prices is a function of slowing momentum and the absence of last year’s Ferrari GTO,” he explained. (Last year a 1962 Ferrari GTO Berlinetta sold at auction for $38 million.) “Prices for special cars are increasing, prices for emerging segments (like 1980-90s cars) are increasing, but elsewhere prices are consistent with what we witnessed during the January auctions,” he noted. What follows is a countdown of the top 10 sellers of the 2015 Monterey auctions.

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