Preliminary results show that total sales at the big five Monterey Car Week Auctions — RM Sotheby’s, Gooding & Co., Russo and Steele, Bonhams and Mecum — are an estimated $345 million — well short of the $397 million total in 2015.
The highest sale totals during Monterey Car Week were in 2014, with $463,744,226 in total sales. In 2013 — just three years ago — total sales were $308 million.
Despite the overall decline in total sales during the week, Gooding & Company reached their highest total sales mark during two days at Pebble Beach. Gooding recorded $129,800,000 in sales — a slight increase from the $128,098,000 in 2015.
This year, RM Sotheby’s sales totaled $117,900,000, down from $167,334,500 in 2015. RM had a smaller auction this year — 100 cars instead of the usual 150 cars — but they also had the highest selling American car of the week: Carroll Shelby’s CSX2000, which brought $13,750,000.
Bonhams’ sale total was an estimated $34,500,000.
Russo and Steele’s preliminary sales total was $10,670,000.
Mecum has not yet released an official preliminary sales total.
Post-block deals are still happening on The Peninsula, and we’ll keep updating the numbers. Check out our complete report on Monterey in the November/December issue of American Car Collector.