The 5 most expensive cars for sale in Pebble Beach

1958 Maserati

Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s

Classic cars up for auction in Monterey, Calif., this week are set to break records.

Auctions during Monterey Car Week are expected to total between $300 million and $490 million, according to Hagerty Automotive Intelligence, the collectors’ classic car and lifestyle insurance company. Experts say sales are expected to surpass the all-time record at the show of $395 million in 2015. Last year’s total was $351 million.

A total of 956 cars will be auctioned this year across the five auction houses, according to Porsche and Ferrari lead the pack, with 100 Porsches and 93 Ferraris for sale. A record 149 cars will be offered for $1 million or more this year, with at least half a dozen expected to reach eight figures, according to Hagerty.

Collectors and auction houses say the return of international buyers to Pebble Beach this year will only fuel continued high demand from US collectors. Demand, sales and prices are skyrocketing, both online and at in-person auctions.

“The classic car auction market is showing significant strength from both an online and live perspective,” said McKeel Hagerty, CEO of Hagerty. “By all accounts, 2022 has been a banner year so far.”

Live auction figures are up 53% from 2021, according to Hagerty, and online auctions are up 69% from last year. Nearly $2 billion worth of cars have been sold at auction this year, between live and online auctions.

Worries about inflation, recession and stock market volatility don’t appear to be hurting demand for classic cars at any price, according to auction houses. The massive wealth amassed during the pandemic, coupled with a new wave of younger collectors who have purchased over the past two years, is driving demand.

Additionally, the scarcity of used and new cars has driven up classic car prices, sending record auctions.

This spring, an ultra-rare 1955 Mercedes-Benz 300 SLR sold for $143 million, becoming the most expensive car ever sold and redefining the word “expensive” in the classic car market.

CEO Hagerty said he expects bidding to be strong across most categories and eras.

“Looking at the Monterey auctions this weekend, we expect strong bids for ‘bookends’ – from pre-war cars, think Bugatti Type 57s and Mercedes-Benz 540Ks, to modern supercars , but still analogue, like Ferrari F40s, F50s and Porsche Carrera GTs,” he said. “The common thread here being cars that have a high degree of innovation among their contemporaries. They can be driven, visited and enjoyed on modern roads, no questions asked.”

This year’s show will feature the first live auction from Broad Arrow Group, the classic car sales company founded last year and recently acquired by Hagerty. His top lots include a 1957 Ferrari 250 GT LWB Berlinetta Scaglietti “Tour de France” estimated at $7 million and a 1939 Mercedes-Benz 540 K Sindelfingen Spezial Roadster estimated at $8 million.

“It’s part of our vision to build an ecosystem for all car enthusiasts,” Hagerty said.

Here are the top five cars, by estimated value, expected to sell this week in Monterey:

5. 1958 Maserati 450S by Fantuzzi,

1958 Maserati

Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s

Estimated price: $9-11 million

This racing Maserati, auctioned by RM Sotheby’s, is part of the Oscar Davis collection and was one of only 10 built. It won three SCCA regional events in 1958 and was restored in the late 1990s, but retains much of its original mechanical equipment.

4. 1938 Talbot-Lago T150-C SS Teardrop Coupe by Figoni and Falaschi

1938 Talbot-Lago

Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s

Estimated price: $9-11 million

One of 11 examples built and the only known example ordered specifically for racing, this Talbot-Lago “Teardrop Coup” finished the 1939 24 Hours of Le Mans and then underwent a six-year restoration and won several awards in part of the Oscar Davis collection. It is auctioned by RM Sotheby’s.

3. 1937 Mercedes-Benz 540 K Special Roadster from Sindelfingen

1937 Mercedes Benz 540K

Darin Schnabel ©2022 Courtesy of RM Sotheby’s

Estimated price: $9-12 million

One of only three examples, this 540 K was delivered to the King of Afghanistan in 1937. The car has had several owners and has rarely been seen in public, with many original details. It is auctioned by RM Sotheby’s.

2. 1937 Bugatti Type 57SC Atalanta

1937 Bugatti Type 57SC Atalanta

Copyright and courtesy of Gooding & Company, images by Mike Maez.

Estimated price: $10-12 million

This is one of the best examples of the highly sought after Atalante Type 75S. Bugatti has only built 42 cars, and no two are the same. This model, sold at auction by Gooding & Co., passed through several owners in Europe and the United States before undergoing an extensive three-year restoration by owner Ray Scherr and winning several awards.

1. 1955 Ferrari 410 Sport Spider by Scaglietti

1955 Ferrari 410

Source: Patrick Ernzen ©2022 Courtesy of RM Sotheby’s

Estimated price: $25-30 million

One of the most important racing Ferraris ever built, this 410 was one of only two built and was raced by legends Juan Manuel Fangio and Carroll Shelby. Shelby won more races in this 410, known as the “0598 CM”, than in any other car during his racing career. It is auctioned by RM Sotheby’s.

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