Monterey Car Week 2019

Monterey Car Week 2019

This last weekend has been the end of Monterey Car week in Carmel, California which some would say is the greatest car event in the world. Spanning a week and covering many factors such as the Concours D'Elegance, Quail and general Cars and Coffee events. The Concours D'Elegance was held at Pebble Beach and visitors were witness to some of the best restored classic cars in the world such as the 'Best in Show' Bentley 8 Litre Gurney Nutting, the 1936 Mercedes 540K Cabriolet and the stunning 1955 Ferrari 750 Monza Scaglietti Spider. Another key event was the Tour D'Elegance which was simply the drive to the concours event through the Californian country. With over 175 cars in the tour including some very rare Lamborghini Miura SVs, a Ferrari 250 GT TDF, an Aston Martin DB4GT Zagato, Ferrari 250 Testarossa and even a Bugatti Type 57SC Atlante. Another event was the reunion at WeatherTech Laguna Seca raceway which played host to BMW 3.0 CSLs, M1 Procar's, Singer Porsche 911s and even Keke Rosberg's Williams F1 car.

Quail, however, is the area of Monterey Car Week that most people talk about as it has many of the best and most up to date hypercars and supercars in one place at once. An example is the US debut of the De Tomaso P72 and the all-new electric Lotus Evija. Pagani were once again at the big car shows and this time debuted their new Pagani Huayra Roadster BC, a one of 20 roadster version of the 2016 Pagani Huayra BC. I feel the best way to show that this show is one of the greatest in the world is to simply list the supercars and hypercars that were in attendance : Bugatti EB110SS, Bugatti EB110GT, 2 Porsche 918 Spyders, Ford GT, Ford GT Heritage Edition, Lamborghini Countach 25th, Ford GT MK2, 10 McLaren Sennas, 2 Mercedes-McLaren SLR 722S Roadsters, Porsche Carrera GT, Lamborghini 350GT, the actual 'Back to the Future' DeLorean, 2 Koenigsegg Agera RS Final Editions, Koenigsegg Regera, Koenigsegg Jesko, Koenigsegg CCX-R Trevita, Koenigsegg Agera R, Koenigsegg CCX, Koenigsegg CCXR, Singer DLS, Porsche 911 'Rallye', RUF CTR Yellowbird, Pagani Zonda C12, Pagani Zonda R, Pagani Zonda Cinque, Pagani Huayra Roadster, Pagani Zonda F, Lamborghini Diablo SV, McLaren GT, Audi R8 LMS GT2, the new Drako GTE, Aston Martin Valhalla, Hennessey Venom GT, Ferrari P80/C, McLaren F1 LM, McLaren F1 HDK, McLaren F1 GTR Longtail, the first look at the SSC Tuatara, Lamborghini Aventador SVJ Roadster, Lamborghini Reventon, Pininfarina Battista, Ferrari 290MM, Ferrari 250 GTO, Ferrari 250 GT SWB, Ferrari F50 GT, Ferrari 288 GTO Evoluzione, Ferrari F40 GTE, Ferrari 275 GTB Alloy, Saleen S7 Twin Turbo, Bugatti Chiron, Bugatti Divo, Rimac C-Two, W Motors Fenyr SuperSport, Bentley EXP1000 Concept just to name a few. See why it's one of the best car shows now?

Auctions are also a key sector of Car Week as it is a very affluent area so there is a lot of money thrown around at the auction block. There are 4 main auction houses that have an auction at Monterey being Mecum Auctions, Bonhams, Gooding and Co. and RM Sotheby's. Beginning with Mecum, they had a very successful auction with a very high percentage of lots selling with some of the more expensive lots selling for just over $2,000,000 like the Ferrari 275 GTB/4, Ferrari LaFerrari, Porsche 918 Weissech and Ferrari 275 GTS. Bonhams auction in comparison with the other two auction houses had a fairly standard auction with not many extremely expensive cars. However of these few expensive cars, not too many of them sold such as the Porsche 718 RSK, Bentley 4 1/2 Litre, Delahaye 135M, Porsche 918 Weissech and Ferrari F40. Of those that did sell, Bonhams successfully sold the Ferrari 340 America for $3,635,000, the Fiat 8V Supersonic for $1,625,000 and the Shelby Cobra for $1,380,000. Gooding had a very successful auction with 17 cars selling above $1million, some including some very expensive classics such as the Ferrari 250 GT LWB California Spider which sold for $9,905,000, the Ferrari 250 GT Series 1 for $6,800,000, the ex-Niki Lauda Ferrari 312T for $6,000,000, the Ferrari 250 GT TdF for $5,100,000, the Aston Martin DB4 GT for $3,600,000 and the Porsche 911 Carrera RS 3.8 for $1,710,000. Although these cars sold for insane prices and Gooding had around a 73% sell rate, there were a lot of special cars that did not sell such as the Ferrari F50, Ferrari LaFerrari, Porsche 959 Sport, Ferrari F40, Ferrari Sergio and even an Aston Martin Vulcan.

For the Sotheby's auction, I will need a separate paragraph for all the cars mainly due to the auction being what I proclaimed to be the greatest auction of all time. The Sotheby's auction also took place over three days with the first day being known as 'An Evening with Aston Martin' which very clearly focused on Aston Martin sales. Some significant sales from that day would be the Aston Martin DB5 Shooting Brake which sold for $1,765,000, the Aston Martin DBAR1 Zagato which sold for $296,500, an Aston Martin DB5 'Bond Car' used in actual filming in 'Thunderball' and 'Goldfinger' for $6,385,000, an Aston Martin DB5 Volante for $1,325,000 and an interesting Aston Martin V8 Vantage GT4 for only $81,200. Obviously there were some Astons that didn't sell such as the DB3S Works, two variants of the Aston Martin Vanquish Zagato and an Aston Martin DB4 GT. The other days featured a lot of high end exotica going across the block including a few collections. The BMW Motorsports Collection sold a 3.0CSL, 3.5CSL IMSA, 320i IMSA Turbo and an M3 DTM for a combined $3,141,000 but this wasn't even the highest sale of those days. A Bugatti Veyron 16.4 sold for $1,050,000, a one off Porsche Carrera GT for $1,193,000, a one off Ford GT for $1,242,500, a Ferrari 250 GT Series 1 for $1,517,500, Ferrari F40 for $1,682,500, a Pagani Huayra Tempesta for $2,040,000, a Ferrari 365 GTS for $2,205,000, a Ferrari LaFerrari for $2,947,500, Ferrari F50 for $3,000,000, a Ferrari FXX from the Ming Collection for $3,520,000, a Porsche 718 RS 60 Werks for $5,100,000, a Ford GT40 Roadster Prototype for $7,650,000, a Ferrari 250 GT SWB for $8,145,000 and finally a one of two McLaren F1 LM for $19,805,000. With $107,000,000 from the 74% sale rate of the auction, it would seem to be an auction that Sotheby's would remember for all the right reasons. However in a small error, the Sotheby's auction was left embarrassed by the car community. In selling the 1939 Porsche Type 64, the first car to ever wear the Porsche crest and therefore the most important Porsche in history, there was an error in the price of the car shown upon screen that was met with amusement for the audience. The renowned Dutch auctioneer who was selling the car appeared to begin the bidding at $30,000,000. The Porsche did not carry an estimate so the audience went along with it until the screen displayed $70,000,000 which would make this the most expensive car sale at auction of all time. However the auctioneer stepped up to correct that the start bid was actually $13,000,000 and therefore the bid was only up to $17,000,000. With the audience in confusion and the price corrected, there was no further bids due to a disgruntled audience who believed themselves to have been tricked. In the end there was no sale of the Type 64 and therefore it remains at the Porsche Museum where it was originally selling from.

Overall Monterey Car Week has been shown to be an ultimate haven for supercars and hypercars and one of the ultimate car shows to attend alongside the Goodwood Festival of Speed and Top Marques Monaco.