Monterey RM Auction Results

Cal Metal · #1 (**permalink**) 08-19-2003, 06:24 AM

Didn't get to attend, but here are some of the highlights of the Friday/Saturday auction results at Monterey:

860 Ferrari Monza: $2,000,000+
289 Cobra: $192,000
427 Cobra: $332,000
Boss Mustang: $343,000 (I think this was the George Follmer Trans Am car).
GT-40 Mk III: $250,000

Go to www.rmauctions.com and hit the link, auction results. Monterey is the top one in that heading.

snakeeyes · #2 (**permalink**) 08-19-2003, 09:25 AM

According to the following, the first 2005 Ford GT sold at one of the auctions for a mere $500,000...

http://montereyfest.blogspot.com/

...at least you can get it painted any way you want. My suggestion would be the color of a dollar bill, since it's probably the last time that buyer will be seeing that particular shade of green for a while...

KobraKarl · #3 (**permalink**) 08-19-2003, 09:31 AM

Interesting.......

You can buy the fairly complexly constructed original GT 40 for about double the cost of a replica.....

Wheras the simply built 427 sells at 10 times the price of its replica.....

hmmmmmmmmmmmmmmm.............

KK

snakeeyes · #4 (**permalink**) 08-19-2003, 09:36 AM

Note that the MkIII GT40 is listed as a "no sale" for $250,000--

65 Blur · #5 (**permalink**) 08-19-2003, 09:53 AM

I was there Saturday night and got to see some great cars. The selling price when the gavel dropped vs. what was listed are different...is there a commission or taxes added???

For example the Cobra sold for $302,000 but is listed as selling for $332,750. The star of the show, a Ferrari 860 Monza sold for $1,750,000 but is listed as selling for $2,057,001.

Really something to see that kind of money change hands, and the value of some of these cars.

snakeeyes · #6 (**permalink**) 08-19-2003, 10:03 AM

I think the prices listed include the auction's commission.

Cal Metal · #7 (**permalink**) 08-19-2003, 10:31 AM

Typically, the commission is 10% on the sell side and 5% on the purchase side. Higher on the sell side if a reserve is set.

Thanks for the heads up on the no sale GT 40 III, Bob. That seemed low. I think one of them at BJ went for $375,000 earlier this year.

Jamo · #8 (**permalink**) 08-19-2003, 11:10 AM

Yup...we were there. The prices do include the commisssion.

The 427 was Otis Chandler's car--had wider competition fenders added. Extremely clean.

The Monza was just flat breathtaking--a big bad 4 cyl pumping 300 hp and tons of torque and driven by Fangio...all the essentials for bringing top bucks.

The Mustang was Follmer's.

Heck of a grouping this year. There was a little MG Tickford that caught my eye that would never allow my butt to fit.

Some D-type high end replicas were also very nice.

BTW Cal, the Gullwing at the Historics paddock that included the skins of Australia's Big Bird--same company as the one you bought?

Cal Metal · #9 (**permalink**) 08-19-2003, 11:42 AM

Jamo:

I saw that Ostrich "leather" interior in the black 300SL Coupe. Pretty interesting and, undoubtedly, much softer than my leather.

Did anyone see the Chevrolet Echidna go through the auction block? I cannot find it on the auction site, despite a big promo add in some of the car mags, featuring the car's history.