2017 Pebble Beach / Monterey auctions
Discussion
This Friday to Sunday the annual Monterey / Pebble Beach auctions take place, with the usual suspects of Bonhams, RM Sothebys and Gooding & Co (plus the others!) pitch up to off-load all manner of classics, probably several hundred million dollars worth.
Most of them offer live viewing via their websites and it can be an entertaining way of passing a few hours – trying to decide if the final price was an astute purchase or financial suicide.
It is often seen as a good indicator of the state of the market and given that some people are predicting a “correction” (AKA “collapse”) in the prices, this year will have added intrigue.
Anyone else planning to watch?
Most of them offer live viewing via their websites and it can be an entertaining way of passing a few hours – trying to decide if the final price was an astute purchase or financial suicide.
It is often seen as a good indicator of the state of the market and given that some people are predicting a “correction” (AKA “collapse”) in the prices, this year will have added intrigue.
Anyone else planning to watch?
Started off well – then fell away (as always) when the “big hitters” didn’t reach reserve.
The Ferrari F1 racing car didn’t get going and the second Cobra bombed.
Fangio’s old Maser didn’t get high enough either.
$8.2m bid on the lightweight E-Type (got a round of applause) but NO SALE!
Once these highlight cars fail, the mood drops, it seems.
Some off the weird stuff did well, though.
Bonhams always seem to suffer a little at these American multi auctions – they are the first of the “big three” to have their sale and only have one – Gooding and RM have two, so they attract a greater depth of top line cars.
RM and Gooding are going later on – I will try to stay up to watch Charlie Ross (the antiques bloke off the telly!) doing his stuff for Gooding.
Always good entertainment.
2am start though…..
The Ferrari F1 racing car didn’t get going and the second Cobra bombed.
Fangio’s old Maser didn’t get high enough either.
$8.2m bid on the lightweight E-Type (got a round of applause) but NO SALE!
Once these highlight cars fail, the mood drops, it seems.
Some off the weird stuff did well, though.
Bonhams always seem to suffer a little at these American multi auctions – they are the first of the “big three” to have their sale and only have one – Gooding and RM have two, so they attract a greater depth of top line cars.
RM and Gooding are going later on – I will try to stay up to watch Charlie Ross (the antiques bloke off the telly!) doing his stuff for Gooding.
Always good entertainment.
2am start though…..
SDB660 said:
Did you manage to watch any other auctions? Apart from headline cars, did the auctions do well/indifferent/bad as a general observation?
Didn't get the chance to view the Gooding and RM efforts - due to "technical difficulties"!I only have an old PC and my browser "does not support HTML5" (whatever that is...) so I couldn't tune in to watch...
(I will have a peep later at the Ferrarichat forum and get an insight on the procedings from the chaps there - some who post there were in the audience)
The Porsche 917 made just over $14m, it seems.
MGJ2 said:
someone's got to be kidding...Lot 144
1964 Peel P50
Chassis no. D536
Sold for $140,250
the world's gone utterly, utterly mad
v8250 said:
someone's got to be kidding...
Lot 144
1964 Peel P50
Chassis no. D536
Sold for $140,250
the world's gone utterly, utterly mad
'kin 'ell........... Lot 144
1964 Peel P50
Chassis no. D536
Sold for $140,250
the world's gone utterly, utterly mad
I wonder if Jezza will be banging on the owners door for some commission
as without that appearance on TG, I doubt Peel P50's had been knocking on the door of 10k let alone 10 x times that.It's not even the original colour FFS
Plinth said:
v8250 said:
someone's got to be kidding...
Lot 144
1964 Peel P50
Chassis no. D536
Sold for $140,250
the world's gone utterly, utterly mad
RM sold one in 2013 for $120,000 - so the price realised is not surprising...Lot 144
1964 Peel P50
Chassis no. D536
Sold for $140,250
the world's gone utterly, utterly mad
Not my choice of car for that money, though.
I've had an email from a mate who was there, and he said the price it went for certainly meant it was a hot topic of conversation among those that were there.
Good on the Peel a unique machine - what else can you buy for that £ ? Maybe a clapped out Ferrari or 'E Type' with dubious provenance, or a really boring old mercedes saloon with/without a roof chop which nobody in their right mind would buy - as someone else mentioned. it wouldn't be my first choice though
S47 said:
what else can you buy for that £ ?
i did a quick search here, some big value cars readily available for £100-£120khttps://www.pistonheads.com/classifieds?Category=u...
this one caught my eye
https://www.pistonheads.com/classifieds/used-cars/...
In case anyone is interested, the total sales for the event was $327.3m.
Apparently this is better than expected and it seems that the market (on the whole) is not yet ready to implode.
The top ten cars were
1956 Aston Martin DBR1 : $22,550,000 (RM Sotheby's)
1995 McLaren F1 : $15,620,000 (Bonhams)
1966 Ferrari 275 GTB/C : $14,520,000 (Gooding & Company)
1970 Porsche 917K : $14,080,000 (Gooding & Company)
1961 Ferrari 250 GT SWB : $8,305,000 (RM Sotheby's)
1963 Jaguar E-Type Lightweight : $8,000,000 (Bonhams)
1959 Aston Martin DB4GT Prototype : $6,765,000 (RM Sotheby's)
1955 Ferrari 121 LM Spider : $5,720,000 (RM Sotheby's)
1959 Ferrari 410 Superamerica Series III : $5,335,000 (RM Sotheby's)
1959 Ferrari 250 GT SI : $4,840,000 (Gooding & Company)
Apparently this is better than expected and it seems that the market (on the whole) is not yet ready to implode.
The top ten cars were
1956 Aston Martin DBR1 : $22,550,000 (RM Sotheby's)
1995 McLaren F1 : $15,620,000 (Bonhams)
1966 Ferrari 275 GTB/C : $14,520,000 (Gooding & Company)
1970 Porsche 917K : $14,080,000 (Gooding & Company)
1961 Ferrari 250 GT SWB : $8,305,000 (RM Sotheby's)
1963 Jaguar E-Type Lightweight : $8,000,000 (Bonhams)
1959 Aston Martin DB4GT Prototype : $6,765,000 (RM Sotheby's)
1955 Ferrari 121 LM Spider : $5,720,000 (RM Sotheby's)
1959 Ferrari 410 Superamerica Series III : $5,335,000 (RM Sotheby's)
1959 Ferrari 250 GT SI : $4,840,000 (Gooding & Company)
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