15 Cars Were Auctioned Off for More Than $3 Million Each This Weekend

The annual Monterey Car Week gathering in California attracts well-heeled car lovers to the state’s Monterey Peninsula for a docket filled with events, including auctions by Gooding and Company, RM Sotheby’s and Mecum Auctions.

This year’s roster of vintage and classic motorcycles and cars for sale included some of the most coveted pieces of motorsports history available for sale today.

Before the auctions kicked off, Hagerty, an American automotive lifestyle and membership company, estimated that a record $488 million worth of vehicles could cross the block over the multi-day events.

By Saturday afternoon, the company was less optimistic, sharing that the sell-through rate for cars worth $1 million and more had dropped to its lowest level in the last twenty years.

Some of the biggest hits to the auction scene came to Enzo-era Ferraris that would have typically sold for $1 million and up. Hagerty’s John Wiley posted on the company’s live blog that the sell-through rate this year was only 34 percent, compared to 80 percent in four of the last 10 years. That percentage is only slightly better than the low of 2019.

More than 15 vehicles sold for over $3 million each this weekend including several Ferrari and Porsches, but it was an Alfa Romeo that earned the highest sale price this weekend.

Here are ones that were hammered for the highest bids:

• 1967 Ferrari 275 GTB/4 – Mecum Auctions, $3,080,000
• 1991 Porsche 911 Reimagined by Singer ‘Dynamics and Lightweight Study’ – Gooding & Company, $3,085,000
• 1965 Dodge Hemi Daytona – Mecum Auctions, $3,300,000
• 1932 Delage D8 S Roadster by Pourtout – RM Sotheby’s, $3,305,000
• 2021 Bugatti Chiron Sport Noire – RM Sotheby’s, $3,360,000
• 1966 Ferrari 275 GTB/6C Alloy by Scaglietti – RM Sotheby’s, $3,481,000
• 1934 Duesenberg Model J Disappearing-Top Convertible Coupe – Gooding & Company $3,745,000
• 1934 Alfa Romeo 8C 2300 Lungo Spider by Eagle Coach Works – RM Sotheby’s, $4,075,000
• 1976 Porsche 935 – Gooding & Company, $4,295,000
• 1995 Ferrari 333 SP Evoluzione – Gooding & Company, $5,120,000
• 1967 Ferrari 275 GTB/4 NART Alloy by Scaglietti – RM Sotheby’s, $5,285,000
• 1959 Ferrari 250 GT LWB California Spider by Scaglietti – RM Sotheby’s, $5,615,000
• 1969 Ford GT40 Lightweight – Mecum Auctions, $7,865,000
• 1955 Ferrari 410 Sport Spider by Scaglietti – RM Sotheby’s, $12,985,000 USD
• 1938 Alfa Romeo 8C 2900B Lungo Spider – Gooding & Company, $14,030,000

Post-auction, a number of valuable vehicles remain for sale on the Sotheby’s website at “buy now” prices. More modern cars can be found there, including a 2014 McLaren P1 (chassis number 002) is listed at $2,000,000 and a 2015 Ferrari LaFerrari for $3,850,000.

Other high-value Ferraris still available include: a 1969 Ferrari 365 GTS by Pininfarina ($2,800,000), a 1993 Ferrari 512 TR Spyder by Pininfarina ($2,600,000) and a 1967 Ferrari 365 California Spyder by Pininfarina ($2,950,000).

The ’69 is a rare one-of-twenty model And the ’67 even rarer, one of 14.

The ’93 has its own unique history as one of two 512 TR conversions commissioned from Pininfarina by Ferrari, and it was intended for the Royal Family of Brunei.

The company also lists a 1955 Porsche 550 Spyder by Wendler, previously owned by famed Austrian car collector and race team owner John von Neumann, for $3,850,000. It has been completely restored.