Pebble Beach 2015: Auction action strong at Monterey Car Week - Los Angeles Times
This year's Monterey Car Week auction totals were projected to be lower than last year's. Just over $188 million in collectible vehicles had been sold as of late Friday night -- about $12 million ahead of last year's pace -- according to research by the classic vehicle insurance company Hagerty. Topping the results were a 1964 Ferrari LM Coupe sold by RM Sotheby's for $17. 6 million, and a 1998 McLaren F1 LM Coupe sold by RM Sotheby's for $13. 75 million. At the more American-oriented Mecum, eight of the top 10 Friday sales were for Chevrolet Corvettes. Among the Friday highlights, RM Sotheby's sold a 1953 Jaguar C-Type racing car for $13. 2 million, well above the estimate, for what is believed to be the highest price ever paid for that English marque at auction. Mecum did well with two-wheels, as well, selling a 1914 Flying Merkel V-Twin for $192,000 and a 1925 BMW R32 for $187,000. By company, RM Sotheby's led the pack, with a two-night total of $123. 5 million. Bonhams had sold a cumulative $45. 7 million in vehicles, Mecum a total of $15. 7 million, Russo. Source: www.latimes.com
