Bidders, sellers disagree on values at Monterey auctions

Although Bonhams and RM Sotheby’s added an early and extra day to their annual collector car auctions during Monterey Car Week 2019, with only Saturday action remaining, Hagerty Insider, which tracks such transactions, reports that gross sales are down nearly $50 million compared to year-ago figures for the six auction venues.

Through Friday a year ago, bidders had spent $191 million at the six auctions. Through Friday this year, sales were $142.1 million, Hagerty reported.

https://journal.classiccars.com/2019...erey-auctions/

[QUOTE=Lee Stewart;1459906]Bidders, sellers disagree on values at Monterey auctions


Through Friday a year ago, bidders had spent $191 million at the six auctions. Through Friday this year, sales were $142.1 million, Hagerty reported.


One car brought 40+million alone! Add a few more of those that year and there goes 50% down to 10%. Numbers were down because of the estimated values from the owners & auction too!!!LOL!! 150 million in one week, Sorry that is GREAT!!! Hello McFly's
People complain to me that they are seeing the same cars over and over!! Cars not seen before at auctions are usually SOLD!!
The American dollar is the strongest around the world!! Real American dollar being spent while other countries are not getting these cars at 40-50% off on our dollar!! Rare cars and low production cars still bring great money for restored level one condition or survivors!! Advice!! Stay away from PIGS in LIPSTICK...
Great chance to pick off cars that are never for sale for true collectors looking for great cars!
Some see Doom & Gloom others see it as OPPORTUNITY..

Look at BJ this weekend in Vegas!! AMAZING MONEY!!! Look at their total!! CRAZY!!!!!!!

Ok , ...the moped and the horn video is wicked ! I’m still laughing!

HELLO!!! BAD YEAR!!!!!!! Sorry this is HUGE MONEY!!!

The high-dollar sale of the day was a 1994 McLaren F1 in LM specification that brought $19.805 million at RM Sotheby’s, which also sold a 1965 Ford GT40 prototype roadster for $7.65 million. Meanwhile, at Gooding and Company, a 1958 Ferrari 250 LWB California Spider sold for $9.905 million and the Ferrari 312T that Niki Lauda drove to victory in the 1975 French Grand Prix went for $6 million.

Other sales of note, Hagerty said, included, at Bonhams, a 1951 Ferrari 340 America coming out of single-family ownership after 50 years and selling for $3.635 million, and a 1965 Shelby Cobra 427 going for $1.38 millions. Mecum sold a 1912 Indian Twin board-track racing motorcycle for $253,000, a record for an Indian motorcycle at auction, and a 198-mile Mercedes-Benz 560SL for what it termed a “staggering” $121,000.