Monterey Car Week: day one auction results

Although down by nearly $2 million compared with Monterey 2017’s first day of auctions, sale prices are healthy – and we’ve only just got started…

The 2018 Monterey classic car auctions are well underway, and courtesy of Hagerty, we have the full results for Thursday evening’s sale.

Overall totals for the first day of action were $9.2 million; short of 2017’s results by almost $2 million. Don’t let that news deflate you, however – the following two days saw some incredible sales, as you'll see here for day two and here for day three.

More from Monterey Car Week...

The average sale price for Monterey day one was just under $49,000. This figure will no doubt increase as the auction houses progress with their sales.

Star cars yet to roll under the auctioneer’s hammer include a 1962 Ferrari 250 GT SWB Berlinetta, 1937 Mercedes-Benz 540K Sports Roadster, 1963 Aston Martin DP215 and 1966 Ford GT40 Mk2. Not to mention a rather lovely AC...

Thursday’s results

Total: $9.2m
Sell-through rate: 54 percent (188/345 lots sold)

Average sale price: $48,880

Overall top ten sales from all auctions through Thursday

  • 1.1931 Duesenberg Model J Derham Tourster: $1,320,000 (Worldwide Auctioneers)
  • 2.1962 Shelby Cobra 260 Roadster: $990,000 (Worldwide Auctioneers)
  • 3.1916 Locomobile Model 68 Cabriolet: $473,000 (Worldwide Auctioneers)
  • 4.1972 Ferrari Dino 246 GTS Spider: $341,000 (Worldwide Auctioneers)
  • 5.1968 Jaguar E-type SI.5 Roadster: $247,500 (Worldwide Auctioneers)
  • 6.1958 Buick Limited Model 756 Convertible: $181,500 (Worldwide Auctioneers)
  • 7.1929 Packard Deluxe Eight-Series 645 Roadster: $176,000 (Worldwide Auctioneers)
  • 8.1967 Maserati Ghibli Coupé: $170,500 (Worldwide Auctioneers)
  • 9.1969 Chevrolet Camaro Yenko Sport Coupe: $165,000 (Worldwide Auctioneers)
  • 10.1965 Rolls-Royce Silver Cloud III LWB: $145,750 (Worldwide Auctioneers)

2017 results

Overall total: $7.6m
Sell-through rate: 70 percent (51/73 lots sold)

Average sale price: $148,226

Classic cars for sale now

Mecum Auctioneers

Overall total: $3.1m
Sell-through rate: 55 percent (128/233 lots sold)
Average sale price: $24,325

Top ten sales:

  • 1.2018 Jeep Wrangler Unlimited 4x4: $82,500
  • 2.1971 Nissan Skyline GTX Coupé: $75,900
  • 3.1941 GMC Silver Side Bus: $66,000
  • 4.1998 Ferrari F355 Spider: $66,000
  • 5.2000 Bentley Azure Convertible Coupé: $66,000
  • 6.2016 Dodge Challenger SRT Hellcat Coupe: $64,900
  • 7.1969 Ford Mustang Mach 1 Sportsroof: $58,300
  • 8.2004 Porsche 911 Carrera 4S Coupé: $55,000
  • 9.2011 Ford Mustang Shelby GT350 Coupe: $53,900
  • 10.2005 Bentley Continental GT Coupé: $52,800

Mecum 2017 results

Overall total: $2.5m
Sell-through rate: 39 percent (86/220 lots sold)
Average sale price: $29,639

Russo and Steele

Overall total: $0.6m
Sell-through rate: 51 percent (27/53 lots sold)
Average sale price: $20,594

Overall top ten sales:

  • 1.1962 Fiat Gilco Convertible: $88,000
  • 2.1993 Land Rover Defender 110 SUV: $74,800
  • 3.2008 Tesla Roadster: $36,850
  • 4.1915 Ford Model T Brass Truck: $35,750
  • 5.1968 Ford Mustang S-Code Coupe: $30,800
  • 6.1994 Dodge Viper Convertible: $30,250
  • 7.2010 Jaguar XKR Convertible: $29,700
  • 8.2003 Mercedes-Benz SL500 Convertible: $24,200
  • 9.1957 Morris Minor 1000 Woody: $23,100
  • 10.1953 Packard Patrician Sedan: $22,000

Russo and Steele 2017 results

Overall total: $1.0m
Sell-through rate: 70 percent (38/54 lots sold)
Average sale price: $27,239

Classic Cars for Sale