Monterey Week Auctions (2012) – Racecars Bring Big Bucks

During this yearโ€™s Classic Car Week in Monterey, 53 cars were sold at auction for prices above $1 million. Incredibly, 22 of those were cars built specifically for racing, and this group was led by a Gulf/Mirage Lightweight version of a 1968 Ford GT40 (P/1074) that set a world record for an American car sold at auction when it crossed the block at RMโ€™s sale for $11,000,000. Apart from its natural heritage, some of the carโ€™s record-shattering appeal may be that it served as a Solar Productionsโ€™ camera car during the filming of Steve McQueenโ€™s epic 1971 film, Le Mans.

Bringing in the second-highest bid, also at RMโ€™s auction, was a 1956 Ferrari 250 GT long wheelbase Berlinetta Tour de France model that sold for $6,710,000. This car, chassis 0585, is the first of only nine examples of the โ€œ14 louverโ€ version of the 250 GT, and was originally purchased by American Tony Parravano then subsequently used by Disney Studios in its 1966 film The Love Bug. After a period of disuse, it was restored by David Cottinghamโ€™s DK Engineering in 1962 before being purchased at auction by a California collector who had kept it until this sale.

Third place in the high-dollar sweepstakes went to another Ferrari, this one a 1955 857 Sport that brought in $6,270,000 at the Gooding sale to establish a world record for the model at auction, while the fourth-highest price was also from Gooding with $6,050,000 paid for a 1928 Bentley 4.5-Litre Le Mans Sports โ€œBobtailโ€ that had finished 3rd at Le Mans in 1929 and which set a world record for a Bentley 4.5-Litre sold at auction.

Photo: Gooding & Co.
Photo: Gooding & Co.

The final member of the Top Five was the 1972 Porsche 917/10 that George Follmer used to win that yearโ€™s Canadian-American Challenge Cup. Freshly restored and wearing its original Penske Racing L&M livery, the big Porsche brought in $5,830,000 at the Mecum auction.

Other notable members of the Million-Plus Club were: a 1964 Ford GT40 prototype that went for $4,950,000 at the Gooding & Co. auction; a 1997 McLaren F1 GTR Longtail that brought in an estimated post-sale $3,850,000 at Bonhamsโ€™ Quail sale; a 1955 Aston Martin DB3S that fetched $3,685,000 at the RM sale; and an ex-works Porsche 904/6 Carrera GTS that sold for $1,575,000, also at RMโ€™s sale.

Million-plus racecars at this yearโ€™s Monterey Classic Car week Auctions

1968 Ford GT40 Gulf/Mirage Lightweight – $11,000,000 [R]

1956 Ferrari 250 GT LWB Berlinetta TdF (0585) – $6,710,000 [R]

1955 Ferrari 857 Sport; $6,270,000 [G]

1928 Bentley 4.5 Litre Le Mans Sports โ€œBobtail;โ€ $6,050,000 [G]

1972 Porsche 917/10 Spyder โ€“ $5,830,000 [M]

1964 Ford GT40 Prototype; $4,950,000 [G]

1953 Ferrari 340 MM Spider; $4,730,000 [G]

1957 Ferrari 500 TRC; $4,510,000 [G]

1997 McLaren F1 GTR Longtail ex-GTC Gulf Team Davidoff โ€“ $3,850,000 [B]

1955 Aston Martin DB3S – $3,685,000 [R]

1959 Maserati Tipo 61 Birdcage; $3,520,000 [G]

1960 Porsche RS60; $3,465,000 [G]

1967 Ford GT MkI – $2,860,000 [R]

2001 Bentley Speed 8 LM Prototype – $2,530,000 [R]

1966 Ford GT40 Coupe (P/1033) ex-Fillipinetti โ€“ $2,205,000 [B]

1963 Porsche 904/6 Carrera GTS works – $1,575,000 [R]

1965 Shelby 427 Competition Cobra – $1,485,000 [R]

1964 Shelby 289 Competition Cobra – $1,320,000 [R]

1919 Miller TNT; $1,210,000 [G]

1981 Porsche 935 JLP-3 – $1,125,000 [R]

1998 Mercedes-Benz CLK GTR – $1,100,000 [R]

2001 Audi R8 Le Mans Prototype – $1,034,000 [R]

Key: [G] โ€“ Gooding; [B] – Bonhams; [M] โ€“ Mecum; [R] โ€“ RM.