Pebble Beach Vintage Car Auctions Indicate More Collectors Under 40 - Bloomberg

Of the top 10 high-selling cars sold in the days surrounding the annual Pebble Beach Concours d’Elegance car show , seven were Ferraris. The top-seller was a 1964 Ferrari 250 LM Coupe that sold for $17,600,000 at the RM Sotheby's auction. Rounding out the top three sellers this weekend were a 1961 Ferrari 250 GT California SWB Spyder that fetched $16,830,000 and a 1962 Ferrari 250 GT SWB Coupe that brought in $16,500,000, both at Gooding & Co. auctions. All told, auction houses lead by Gooding, RM Sotheby’s, Bonhams, and Mecum Auction took in $390. 6 million dollars, according to early estimates by Hagerty, a Traverse City (Mich. That’s down from last year’s cumulative total of $428. 1 million, though by the end of the week the final number for 2015 will be closer to $410 million as final results trickle in. “The market continues to show strength, but growth is coming at a... Prices for special cars are increasing, but elsewhere prices are consistent with what we witnessed during the January auctions. At RM Sotheby’s, a 1998 McLaren F1 LM Specification sold for $13. 75 million and a 1953 Jaguar C-Type Works Lightweight Roadster sold for $13. 2 million. At Gooding, a 1982 Porsche 956 Coupe sold for $10. 1 million. Source: www.bloomberg.com