828 cars at six auctions sold at Monterey Car Week 2014 for a cumulative $428m.That’s a 39% increase over the $308m of Monterey Car Week 2013, and the $517k average sold price is 28% higher, even though just 5% more cars sold. Clearly, the long-term trend of stronger and stronger prices has not slowed.
Here are the top American cars sold at each auction.The November-December issue of ACC will feature in-depth Monterey coverage.
RM sold 118 of 129 consignments (91%) for $143m total. The high American sale was was a 1965 Ford GT40 prototype roadster, sold at $6.9m (pictured).
Bonhams sold 106 cars out of 117 (91%), for overall sales of $108m. A 1912 Speedwell 12-J 50hp speed car was the top American lot of the sale at $869k.
Gooding & Company sales totaled $106m with 107 of 121 cars sold (88%). Top American honors went to a 1967 Ford GT40 Mk I at $3.5m.
Russo and Steele achieved sales of $12.1m, with 102 cars selling. A 1969 Ford Mustang Boss 429 was the high American seller at $402k.
Mecum‘s high American sale was a 1930 Duesenberg Model J, sold at $1.5m. 361 of 644 lots sold (56%), totaling a combined $34.6m.
Rick Cole sold 23 of 37 cars (62%) for $24.2m total. The most expensive American car was a 1969 Ford Mustang Boss 429, sold at $275k.