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12sub2mercedes-heyman-tmagArticle

Records Expected As Pebble Beach Concours Weekend Begins

August 17, 2012

Every August for the past 62 years, some of the rarest, most beautiful, and expensive vintage cars ever preserved have rolled into Monterey, California for what’s recognized as the single most prestigious antique automobile event in the world, the Pebble Beach Concours d’Elegance, which kicks off today. The competition itself begins on Sunday, but there will events all through the weekend, with much of the attention focusing on the high-value car auctions happening around town. The likely star?  A 1936 Mercedes 540K Special Roadster, which auctioneer David Gooding believes may break the $16m Pebble Beach auction record.

Bonhams, RM, Russo & Steel, Mecum, and Gooding & Co. will all hold auctions over the weekend, during which numerous cars are expected to break the $1m mark. Among them are the stunning 1935 Duesenberg in which Hollywood legend Clark Gable courted Carole Lombard (est. $9m, at Gooding), a 1931 Bentley 4 ½ Litre SC “Blower” Sports 2/3 Seater Boattail known as “The Green Hornet” (est. $8m-$10m, at Gooding), a 1938 Horch ($6m-$8m at RM, and a 1960 Ferrari 250 GT Competitizione LWB California Spider ($8m, at Gooding).

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Prices Soar At Scottsdale Classic Car Auctions

January 21, 2013

Little doubt remained about the extraordinary vitality of the vintage car market after the results at the multiple auctions that took place this past weekend in and around Scottsdale, Arizona. Gooding & Co. led the final tallies with a total of $52.5m, paced by the sale of a 1958 Ferrari 250GT LWB California Spider for $8.25m. With six of the weekend top 10 sales, Gooding’s result was up 31% over last year’s sale, a pattern of growth that almost all the Scottsdale events mirrored.

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Arizona Sales Launch Vintage Car Auction Season

January 7, 2013

In January, the place to be for vintage car collectors is Arizona, where a series of auctions happens every year in and around Phoenix. Both Gooding and RM will be hosting sales the weekend of January 18-19, when a 1957 Ferrari 250 GT LWB California Spyder, offered at Gooding and estimated at $5.5m-$7.5m, is likely to set the weekend’s pace. That is, unless it’s eclipsed by another ultra-rare Ferrari that RM is selling. It’s a 1960 250 GT SWB Berlinetta ‘Competizione,’ which has been exhibited at Pebble Beach, the Quail, and Italy’s Villa d’Este. RM is circumspect about its anticipated value, a tipoff about the sky-high price they’re expecting.

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Gooding $113.7m Pebble Beach Total A Record

August 21, 2012

It was a stellar weekend for Gooding & Co. at Pebble Beach. With a $113.7m total for its two-day auction, the official auctioneer of the Concours d’Elegance achieved the highest automotive auction result ever. Fully 24 of the 123 lots offered sold for over $1m; in fact, the average price paid for a car was a remarkable $1,033,966. The $11,770,000 achieved by a 1926 Mercedes 540 K may have been shy of the $16m some had predicted, but it was still a double-world record for a Mercedes and a pre-war car at auction.

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’68 Ford Sets Record, ’36 Mercedes Falls Short At Pebble Beach
Clark Gable’s Duesenberg At Pebble Beach
George Clooney’s Tesla, Jay Leno’s Fiat At Pebble Beach
Ultra-Rare Ferraris From Wolf Collection At Pebble Beach
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Most Valuable Porsche Ever Sold At Auction
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Ferrari Sets New Auction Record
A New Duesenberg Record At Pebble Beach?
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« Read More Articles from This Category

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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 
 

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