Saturday, August 20, 2016

The 10 Most Expensive Cars Sold at the Monterey Auctions, Day 2

The second day of 2016's auctions on the Monterey Peninsula saw $106 million in sales from four auction houses. RM Sotheby's topped the charts, getting record prices for a British car (a Le Mans–winning $21,780,000 Jaguar D-type) and for an American car ($13,750,000 for the first Shelby Cobra, which belonged to Carroll himself) and raking in $62 million from 40 cars sold. Eight of the 99 cars Bonhams sold went for seven figures, earning that auction house five spots on our list of the top 10 priciest cars sold during the second day, as observed by Hagerty Insurance. Mecum Auctions and Russo and Steele—the only companies that staged auctions on the first day; see those top-10 sales here—sold 121 cars for $10 million between the two of them on Day 2, but none brought enough to make our list (a $357,500 1973 Ferrari Dino 246GTS was Mecum’s top sale, while a $115,500 1974 BMW 2002 Turbo was Russo and Steele’s priciest). Sales continue through Sunday evening, and there are sure to be many more seven-figure cars and even a few more that top $10 million.Speed and style came together in near-perfect matrimony when Ferrari unveiled the Ferrari 275GTB at the 1964 Paris auto show. Designed by Pininfarina with coachwork by Scaglietti, the 275GTB’s luscious lines were drawn over a front-mounted 3.3-liter V-12, with the engine’s 280 horsepower channeled to the rear wheels via a five-speed manual transaxle.This particular car started its life in Italy, only to find itself in America just half a decade later. After changing hands a scattering of times, the car was purchased by its last owner more than a decade ago with a mere 49,000 kilometers (just over 30,000 miles) on its odometer. The car then underwent a full restoration, resulting in the car winning Best of Show at the 2005 Ferrari Club of America regional meet in Georgia. But the car also does more than just show, as this 275 GTB competed in the Colorado Grand road rally in 2009. Adding even more appeal to this particular 275 GTB is its recent Ferrari Classiche certification, as well as the inclusion of its owner’s manual and its complete toolset. —Greg FinkSpeed, luxury, and beauty. In the mid-1950s, the Bentley R-type Continental bested just about every car on the road in each of those elements. (Its name references its intended purpose of speeding across Europe.) The Continental stands up remarkably well today, too, which helps explain its value. Bentley built only 207 Continentals, of which 193—including this Silver Blue example—were bodied by coachbuilder H.J. Mulliner.This car is one of only nine Mulliner Continentals with left-hand drive and an automatic transmission (a four-speed General Motors Hydra-Matic). Originally delivered to a “prominent yachtsman” in Washington, D.C., according to RM Sotheby’s, the car has had only five owners (one of whom was actor Nicolas Cage) and recently underwent a full restoration. It absolutely looks ready to break speed limits around the world in incredible style. —Rusty BlackwellPacking a hybrid powertrain, copious amounts of carbon fiber, and a name that serves as a direct conduit to an automotive legend, the McLaren P1 is the British yin to the Italian yang of the LaFerrari that appears later on this list. The successor to the legendary McLaren F1, this 2014 P1 shows less than 1200 miles, and is claimed to one of a very limited number of examples to be finished in McLaren Orange. Rated at 903 horsepower, the P1 employs a twin-turbocharged 3.8-liter V-8, hybrid componentry, and a seven-speed transmission to hurtle it towards the horizon.Built as U.S.-market car, this example was shipped to McLaren Philadelphia and sold to a Pennsylvania resident. In addition to bearing the signature of Frank Stephenson, the P1’s chief designer, the sale includes all of the factory-delivered accessories including the custom-built sculpture model of the car, carbon-fiber key box with the spare key, tools, manuals, a leather binder with plaque, a window sticker, fire extinguisher, and charging station. —Andrew WendlerWearing an acronym shared with the famed Ferrari 250 GTO, the 288 GTO was built by the Italian marque to compete in the FIA’s Group B racing series. Homologation requirements meant Ferrari needed to build a minimum of 200 roadgoing 288 GTOs. Loosely based on the Ferrari 308 GTB, the 288 GTO took the car made famous by Tom Selleck and turned it sideways—literally. The mid-mounted V-8 engine, which was mounted transversely in the 308, made a 90-degree turn and was fitted longitudinally in the 288. Reorienting the 288’s 400-hp 2.9-liter twin-turbo engine this way necessitated an additional 4.3 inches be added to the GTO’s wheelbase compared to the 308’s.Sadly, Group B was shuttered before the 288 GTO ever had the opportunity to race; however, the eventual run of 272 cars remains highly sought after. This particular GTO is a one-owner vehicle that was bought new in 1985 and shows a mere 7500 kilometers on its odometer (less than 5000 miles). With Hagerty noting an average valuation of $2,350,000 it seems the buyer of this car made out on the nose. —Greg FinkThis huge brass-era Mercedes features an appropriately gargantuan 5.3-liter four-cylinder engine making 32 horsepower—and with brakes fitted only at the rear (and drums at that), we’re not sure we’d want much more power. Despite its size, it was remarkably light for its time thanks to the efforts of chief engineer Wilhelm Maybach, and these cars were constructed using the finest materials available. This explains the roughly $7500 asking price in 1904, which would have purchased eight (!) equivalent contemporary Cadillacs.This particular car was certified for delivery by Emil Jellinek—for whose daughter Mercedes the brand is named—on July 24, 1903 and sent on to a buyer in England. It was donated during World War I to the government and ended up being used, likely with different bodywork than original, on the Western Front before retiring to farm use after the conflict. It stayed on the farm until being rescued by a fan of brass-era cars in the 1970s, who then fully restored the car with period-style coachwork. It’s one of the few cars of this vintage whose history is completely known, and it sold in the middle of its pre-auction estimate range. —Erik JohnsonWith a limited production run of just 499 examples and its self-referential moniker, the LaFerrari was born with a carbon-fiber spoon in its mouth. The 963-hp V-12 hybrid powertrain located behind the cabin only reinforced its irreproachable station. Introduced at the 2013 Geneva auto show, the entire run was sold out by the time the showed came to close. One of only 120 units officially imported to the U.S., this example is claimed to be the first offered up for a public sale.With only 230 miles on its odometer, barely more than the typical Ferrari factory test and pre-delivery miles, this LaFerrari essentially crossed the block as a brand-new vehicle and still carries the balance of its warranty. Given its provenance and the fact that "they are," as auctioneers are fond of saying, “not making any more,” we wouldn’t have been surprised if winning bid went even higher. —Andrew WendlerThe Bugatti Type 51 is one of the most famous grand-prix racers of all time, and this is one of the most famous Type 51s. Raced in period by the 5th Earl Howe—who didn’t start competing until 1928 at the age of 44 yet won the 24 Hours of Le Mans three years later—this car features the characteristic supercharged, dual-overhead-cam inline-eight engine making between 160 and 180 horsepower. The car initially didn't hammer as sold, with bids reaching as high as $4.2 million, but changed hands at its final price after crossing the block.This particular car was raced for four seasons on the GP circuit from 1931 to 1934 before the Earl sold it on; it was involved in a fatal racing accident in 1937 and changed hands just a few times to present (the seller had the car since 1983). The car has its original chassis and matching-numbers crankcase and rear axle, while the transmission is a period-correct replacement. All that plus the fact that driving luminaries of the time such as Piero Taruffi and Tazio Nuvolari also drove this car, and you begin to understand its seven-figure hammer price. —Erik JohnsonThis car was the winner of the 1955 12 Hours of Sebring—for a few hours. Driven by Phil Hill and Carroll Shelby, it eventually was reclassified second after it was determined that the Jaguar D-type of Mike Hawthorn and Phil Walters had actually won by some 25 seconds. With Phil Hill at the wheel, it won its next race at the Pebble Beach road races and then finished second at Palm Springs before being sold to future racing icon Jim Hall, who was just 20 years old or so at the time. It was then campaigned in 1956 by Shelby and Hall, and it racked up several wins—including Hall's first-ever victory.The Monza and its 260-hp 3.0-liter four-cylinder raced in a few events the next two years before being put into storage by Hall for nearly 40 years; it was hauled out in the 1990s and restored to racing condition. The car's new owner also gets some personal proof of its provenance: Letters written by the late Shelby and Hill detailing their experiences with Ferrari chassis number 0510 M. —Erik JohnsonDespite having no public pre-auction estimate, expectations were running high for this Cobra. Why so much hubbub? Because, as the first prototype Cobra built by Carroll Shelby himself back in 1962, this Cobra is perhaps the most original example of all.Starting out life as an A.C. Ace sports car in the U.K., Shelby took delivery of the car in the U.S. and stuffed in a 260-cubic-inch Ford V-8 into the engine bay, creating chase number CSX2000 and laying out the groundwork for Shelby American’s sports-car legacy. CSX2000 delivered on the hype in Monterey this year, bringing in $13.75 million and setting a new a record for an American car sold at auction. —Joseph CapparellaWith a strong racing pedigree and plenty of historical significance, this gorgeous Jaguar race car was under close watch leading up to this year’s Monterey auctions. With its staggering $21.78-million sale price, it blew past the previous record for a Jaguar sold at auction, set by a C-type last year at $13.2 million, and shattered the record for the most expensive British car sold at auction, set by a 1998 McLaren at $13.75 million duringThis D-type, campaigned by the Ecurie Ecosse racing team and driven by Ron Flockhart and Ninian Sanderson, won the 1956 24 Hours of Le Mans, taking home the trophy in a highly charged race that followed the disastrous 1955 Le Mans running in which a horrific crash involving a Mercedes-Benz 300SLR killed more than 80 spectators. (A Jaguar D-type also won that race after the other Mercedes-Benz entries voluntarily withdrew.) Since then, the D-type has been owned by three private collectors and remains in the exact condition in which it raced. —Joseph Capparella
from Car and Driver Blog

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