Records with Ferrari, Bugatti and Co.
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Luxury luxury cars are back or still in demand. In a series of auctions in California, there was now a new record income. Above all, Ferraris sold here for millions, so that one can be surprised.
With a record total of nearly $456 million, the 2022 Monterey Auto Week saw its highest sales ever. The previous peak value from 2015 was exceeded by 15.6 percent. A total of 112 cars achieved sales of more than one million dollars in various auctions. The highest price was the Ferrari 410 Sport Spider by Scaglietti, which fetched $22 million. Second place went to the $10.34 million 1937 Bugatti Type 57SC Atalante, ahead of the $9.9 million 1937 Mercedes-Benz 540K Special Roadster.
While the classics of the 1930s and 1950s earned the highest returns, the super sports cars of the 1980s and 1990s continued to soar at a slightly lower rate. According to Frank Wilke from the car market specialist “Classic Analytics”, they have finally established themselves as a suitable alternative to cars from the 1950s to 1970s, and in some cases they have already surpassed them. New auction records were set for the Bugatti EB110, Ferrari F40, Ferrari F50, Ferrari F512M and Lamborghini Countach LP500S.
The Monterey Auto Week auctions are among the most prestigious auctions in the world. “Online auctions have established themselves as an alternative to live auctions in the last two years,” says Wilke. However, the large number of visitors and the festival atmosphere at the Monterey auctions show that many buyers still value the live experience. This applies especially to the higher price range.