From the Pebble Beach Concours d’Elegance, to Ferrari setting the world-record for the most expensive car sold at auction, the Monterey Car Week continues to stun the automotive world.
THE PEBBLE BEACH CONCOURS D’ELEGANCE
Thanks to its location, tradition and excellence, the Pebble Beach Concours d’Elegance has gained fame as the top-ranking event of its kind. Not only winning, but just being invited to this Concours is the not-so-secret goal of the world’s most committed car collectors.
The spectators, in their own right, are just as passionate. In what is known as Dawn Patrol, thousands of people enter the field as early as 5am, to steal the first pictures of the marvels that will be fighting for the judges’ nod.
The cars are arranged in 27 classes (which vary every year) and the very best are awarded Class Awards, Special Awards, Elegance Awards and finally—Best of Show. This year, a Special Award entitled to the great Enzo Ferrari went to a 1958 250 Testa Rossa Scaglietti Spyder; while Best of Show was awarded to a 1937 Alfa Romeo 8C Touring Berlinetta. You can see the full results by clicking here.
Collezione by MAG was first presented to the public at the 2017 edition of Concorso Italiano. This year, we joyfully returned along with the rest of MAG and Bacchelli & Villa, which as you know, joined our group last fall. Concorso Italiano is an event that brings together car owners and afficionados of any and all Italian marques, it is always a pleasure to support such event.
As part of our participation, Bacchelli & Villa showcased at our hospitality are the extremely rare Ferrari 250 SWB (1:1 scale) and 250 GTO (1:3 scale) wireframes used to restore and build these Italian works of art. While on the event grounds, we displayed our 1973 Ferrari 365 GTS/4 “Daytona Spider”. Our official Ferrari dealers, also contributed and brought the all-new V8 Ferrari Portofino.
“Our team has partnered with the esteemed Mattioli Automotive Group for many years and we are proud to welcome their newest addition, Bacchelli & Villa,” said Tom McDowell, chairman, Concorso Italiano. He added: “Supporting Italian automotive craftsmanship, restoration and artistry is part of our mission here and we are thrilled to highlight this team’s superb work in the space.”
THE MONTEREY AUCTIONS
The 2018 Monterey Car Week will long be remembered for having featured the most expensive car ever sold at auction—the 1962 Ferrari 250 GTO Chassis 3413— which hammered at a whopping $48.8M.
Overall, it was the multi-million dollar cars that boosted total sales, signifying that committed collectors are always keen on adding prestigious cars to their stables. In fact, mostly thanks to these big sales, the total sales number rose sharply from last year (+13%), reaching $371M.
As always, Ferrari was the highest-selling marque, accounting for 30% of total car sales in Monterey ($110M). And also thanks to the record GTO sale, the average Ferrari sold for an impressive $1.63M (+20% vs2017).
About the Ferrari GTO
The 250 GTO is well known to the world as the Holy Grail of classic cars. The model was extremely successful at winning racers in its time and its sensual Italian lines stood strong to the harsh test of time. Not often does one reach the auction block and when it does, you can expect it to set a new World Record. Chassis #3414 did not disappoint and here is why. It is the third of only 36 GTOs built and considered by marque experts to be one of the most authentic and original of all examples. It’s one of just four upgraded (in period) by Scaglietti with Series II features; one of seven to ever receive this more aggressive and successful coachwork. Its racing pedigree is stout: Edoardo Lualdi-Gabardi drove it to victory in the 1962 Italian GT Championship. With its class win in the 1964 Targa Florio, it was a key contributor to Ferrari’s victory in the 1964 International Championship for GT Manufacturers. During the 1962–1965 seasons, it achieved 15 class and overall wins.
TRIBUTE TO FERRARI SPIDERS
In celebration of Ferrari’s World Premiere of the Ferrari 488 Pista Spider, Fairway One of the Pebble Beach Concours d’Elegance (adjacent to Casa Ferrari) served as the lawn for the “Tribute to Ferrari Spiders”— aimed at welcoming the 488 Pista Spider as the 50th drop-top model from the Prancing Horse. Fittingly, 50 Classiche Certified vehicles were on display and included a 212 Export, 250 Monza, 250 Testa Rossa, 412 S, no less than four 275 GTS4 NART Spiders, F50, F60America, LaFerrari Aperta, just to name a few.
Ready to see more? Click 2018 Pebble Ferrari Catalogue for the complete guide to sold Ferraris at the Pebble Beach Auctions.