Inside the money, machines, oysters and privilege of Pebble Beach - The Globe and Mail
Pebble Beach Automotive Week is champagne and oysters, triumphant classical music and wicker sun hats. In photos: The cars and people of Pebble Beach. “I would say paying $300-million for a painting is absurd,” said a car dealer from Britain. A Paul Gauguin reportedly sold for that sum earlier this year and the implication is that a mere $10-million is a reasonable sum to spend on a collectible car. Pebble is a feeding frenzy for the 1 per cent, who gorge on multimillion-dollar collectible cars and celebrate conspicuous consumption. The main event of the week is the Pebble Beach Concours d’Elegance, but there’s also the Rolex Monterey Motorsports Reunion, the Quail and auctions by RM Sotheby’s, Bonhams and Gooding. Grant Kinzel’s tiny jewel of a sports car became a finalist for best-in-show at the Pebble Beach Concours d’Elegance, August 15. The Calgary enthusiast’s 1953 Abarth 1100 Sport Ghia Coupe won its class, Postwar Early, and ranked among three... A class win itself is a very big deal among car collectors, as a car must first win its class to qualify for consideration as best-in-show. In photos: 1924 Isotta Fraschini Tipo 8 takes best in show at Pebble Beach. Pebble Beach is a place where gearheads, enthusiasts, racers and kids can get. Source: www.theglobeandmail.com
