Monterey - Wow What A Week!
I had a truncated week this year; instead of going from Monday to Monday I went down on Wednesday and came home Sunday evening. I hit all the auctions to see some of their offerings, drove the new Alfa Romeo 4C Spider, went to Concorso Italiano and the Pebble Beach Concours d'Elegance. I missed one event that I had planned on attending because of extreme brain fade.
Some pundits said they didn't expect the auctions to equal last year's results but seems to me they did very well. Total sales were $378,302,598. This figure doesn't include Rick Cole Auctions; they haven't release their numbers yet, or JR Auctions who won't report their sales although they did report that they sold 35-40% of the vehicles and boats offered. The top in sales dollars was RM Sotheby's with over $172 million.
One of the things that amazes me at the auctions is to see cars that not that long ago could be picked up for a relative song going for "wow" money. Yet at the same time I saw cars that went for way less than I would have expected. Like a '99 Ferrari 456 M GTA that sold for a mere $36,000. Admittedly not the most sought after Ferrari but a Ferrari no less.