Monterey Car Week: day two auction results

Multi-million dollar sales are clocking up at Monterey, but which auction house is in the lead? And how does the market look compared with 2017?

With RM Sotheby’s, Bonhams, and Gooding joining Worldwide, Mecum and Russo & Steele for their Friday auctions, total sales for the week to date surpassed $190-million.

The two stand-out results were the world record price set for an American car at auction ($22million for a 1936 Duesenberg SSJ) and the sale, at $21,455,000, of the historically important 1963 Aston Martin DP215 Competition Prototype.

No fewer than 905 cars have now crossed the block in the first two days of auctions, and with a sell through rate of 60% and an average price of $350,065, results now compare well against 2017. For day one’s results, click here, and for the remarkable day three (the final day) results, click here.

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Dependent on which criteria you use to view success, both RM Sotheby’s and Gooding & Co can claim to be the pre-eminent auction house so far. Average sales price was higher at Gooding, but RM Sotheby’s had a higher-grossing auction. Sell-through rates were near identical, so honours are probably even at halfway through the week.

Sales results are courtesy of Hagerty Insurance.

Overall through Friday from all auction companies

Total: $191.1m
Sell-through rate: 60% (547/905 lots sold)
Average sale price: $350,065

Overall Top 10 Sales from all auctions through Friday

  • 1935 Duesenberg Model SSJ Roadster sold for $22,000,000 (Gooding & Company)
  • 1963 Aston Martin DP215 Competition Prototype sold for $21,455,000 (RM Sotheby’s)
  • 1966 Ford GT40 MkII sold for $9,795,000 (RM Sotheby’s)
  • 1958 Ferrari 250 GT TdF Coupé sold for $6,600,000 (Gooding & Company)
  • 1955 Ferrari 500 Mondial SII Spider sold for $5,005,000 (Gooding & Company)
  • 2007 Porsche RS Spyder Race Car sold for $4,510,000 (Gooding & Company)
    *1955 Porsche 550 Spyder sold for $4,455,000 (Gooding & Company)
  • 1934 Packard Twelve-Series 1108 Dietrich Convertible Victoria sold for $3,745,000 (RM Sotheby’s)
  • 1931 Bugatti Type 51 Grand Prix Race Car sold for $3,740,000 (Gooding & Company)
  • 1948 Alfa Romeo 6C 2500 Competizione Coupé sold for $3,525,000 (Bonhams)

2017 results for Thursday and Friday

Total: $170.8m
Sell-through rate: 57% (454/798 lots sold)
Average sale price: $376,277
In 2017 Mecum started on Wednesday

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Results broken down by auction company

RM Sotheby’s

Total through Friday: $67.2M
Sell-through rate: 79% (59/75 lots sold)
Average sale price: $1,138,792

Overall Top 10 Sales:

  • 1963 Aston Martin DP215 Competition Prototype sold for $21,455,000
  • 1966 Ford GT40 MkII Coupe sold for $9,795,000
  • 1934 Packard Twelve-Series 1108 Dietrich Convertible Victoria sold for $3,745,000
  • 2014 Ferrari LaFerrari Coupé sold for $3,305,000 (charity auction)
  • 1971 Lamborghini Miura P400 SV Coupé sold for $2,177,500
  • 1948 Tucker 48 Sedan sold for $1,820,000
  • 2014 McLaren P1 Coupé sold for $1,820,000
  • 1961 Ferrari 250 GT Cabriolet SII sold for $1,792,500
  • 1963 Ferrari 250 GT Lusso Coupé sold for $1,710,000
  • 1954 Mercedes-Benz 300SL Coupé sold for $1,380,000

2017 results through Friday
Total: $63.0M
Sell-through rate: 79% (46/58 lots sold)
Average sale price: $1,368,484

Gooding & Company

Total through Friday: $65.4M
Sell-through rate: 78% (50/64 lots sold)
Average sale price: $1,308,956

Overall Top 10 Sales:

  • 1935 Duesenberg SSJ Roadster sold for $22,000,000
  • 1958 Ferrari 250 GT TdF Coupé sold for $6,600,000
  • 1955 Ferrari 500 Mondial SII Spider sold for $5,005,000
  • 2007 Porsche RS Spyder Race Car sold for $4,510,000
  • 1955 Porsche 550 Spyder sold for $4,455,000
  • 1931 Bugatti Type 51 Grand Prix Race Car sold for $3,740,000
  • 2014 Ferrari LaFerrari Coupé sold for $3,080,000
  • 2015 Porsche 918 Spyder Weissach sold for $1,650,000
  • 1963 Ferrari 250 GT Lusso Coupé sold for $1,485,000
  • 1956 Mercedes-Benz 300SL Gullwing Coupé sold for $1,127,500

2017 results through Friday
Total: $45.2M
Sell-through rate: 75% (43/57 lots sold)
Average sale price: $1,051,817

Bonhams

Total through Friday: $36.5M
Sell-through rate: 78% (105/135 lots sold)
Average sale price: $347,742

Overall Top 10 Sales:

  • 1948 Alfa Romeo 6C 2500 Competizione Coupé sold for $3,525,000
  • 1937 Mercedes-Benz 540K Sports Roadster sold for $3,277,500
  • 1955 Mercedes-Benz 300SL Gullwing Coupé sold for $1,875,000
  • 1960 Ferrari 250 GT Cabriolet SII sold for $1,682,500
  • 1928 Bentley 6 1/2 Litre Open Sports Tourer sold for $1,655,000
  • 1953 Siata 208S Spider sold for $1,655,000
  • 1929 Bentley 4 1/2 Litre Sports Tourer sold for $1,435,000
  • 2015 Porsche 918 Spyder Weissach sold for $1,407,500
  • 1936 Mercedes-Benz 500K Touring Phaeton sold for $1,215,000
  • 1996 Porsche 911 GT2 Coupé sold for $1,105,000

2017 results through Friday
Total: $55.2M
Sell-through rate: 76% (86/109 lots sold)
Average sale price: $641,685

Mecum

Total through Friday: $14.8M
Sell-through rate: 54% (250/459 lots sold)
Average sale price: $59,369

Overall Top 10 Sales:

  • 1969 Lamborghini Miura P400 S Coupé sold for $1,155,000
  • 1973 Ferrari 365 GTB/4 Daytona Coupé sold for $825,000
  • 1957 Chevrolet Corvette Convertible sold for $522,500
  • 1987 Porsche 959 Komfort Coupé sold for $467,500
  • 1957 Porsche 356A 1300 Super Speedster sold for $385,000
  • 1965 Porsche 356C 1600 SC Cabriolet sold for $297,000
  • 2011 Porsche 911 Carrera Speedster sold for $242,000
  • 1967 Jaguar E-type SI 4.2 Roadster sold for $154,000
  • 1960 Porsche 356B (T5) 1600 Super Cabriolet sold for $148,500
  • 1964 Chevrolet Chevelle 300 Station Wagon sold for $143,000

2017 results for Thursday and Friday
Total: $9.7M
Sell-through rate: 42% (198/472 lots sold)
Average sale price: $48,814

Russo and Steele

Total through Friday: $1.8M
Sell-through rate: 44% (50/113 lots sold)
Average sale price: $36,168

Overall Top 10 Sales:

  • 1932 Pierce-Arrow Model 52 Custom Club Berline Sedan sold for $176,000
  • 2007 Bentley Azure Convertible sold for $104,500
  • 1955 Chevrolet Bel Air Nomad Station Wagon sold for $93,500
  • 1962 Fiat Gilco Convertible sold for $88,000
  • 1965 Shelby Cobra Replica Roadster sold for $78,100
  • 1956 Chevrolet Corvette Convertible sold for $77,000
  • 1993 Land Rover Defender 110 SUV sold for $74,800
  • 1999 Ferrari 355 F1 Spider sold for $71,500
  • 2014 Lincoln Navigator Executive Stretch Limousine sold for $66,000
  • 1957 Ford Fairlane 500 Skyliner Retractable Hardtop sold for $59,400

2017 results through Friday
Total: $2.5M
Sell-through rate: 53% (67/127 lots sold)
Average Sale Price: $39,957

Worldwide

Overall Total: $5.5M
Sell-through rate: 56% (33/59 lots sold)
Average sale price: $167,267

Overall Top 10 Sales:

  • 1931 Duesenberg Model J Derham Tourster sold for $1,320,000
  • 1962 Shelby Cobra 260 Roadster sold for $990,000
  • 1916 Locomobile Model 68 Cabriolet sold for $473,000
  • 1972 Ferrari Dino 246 GTS Spider sold for $341,000
  • 1968 Jaguar E-type SI.5 Roadster sold for $247,500
  • 1958 Buick Limited Model 756 Convertible sold for $181,500
  • 1929 Packard Deluxe Eight-Series 645 Roadster sold for $176,000
  • 1967 Maserati Ghibli Coupé sold for $170,500
  • 1969 Chevrolet Camaro Yenko Sport Coupe sold for $165,000
  • 1965 Rolls-Royce Silver Cloud III LWB Sedan sold for $145,750

2017 results
Overall total: $7.6M
Sell-through rate: 70% (51/73 lots sold)
Average sale price: $148,226

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