Update: The results are in, and it seems there are some sellers feeling let down. Only one car managed to hit its pre-auction estimate. Three cars remained unsold. We've updated the list to reflect the final sale prices.
Monterey Car Week operates in a realm distinct from the typical automotive market. In this world, selling a car for a million dollars is considered a bargain. Several high-profile auctions are happening this week in central California, and we've reviewed them all to spotlight the top contenders. This year, seven vehicles are expected to break into the eight-figure range. Ferrari is heavily represented, but an old competitor might snatch the title for the most expensive sale. Final prices could exceed $20 million, a staggering sum even for the elite.
Here's a snapshot of the $10 million club for Monterey Car Week 2024, based on estimates. We'll provide final bid prices once the excitement subsides.
1997 Porsche 911 GT1 Rennversion
Estimate: $8.5-$10.5 Million
Sold for $7,045,000
This vibrant 911 GT1 is one of nine customer cars built, described as “never severely damaged or dismantled.” It boasts a notable racing history at Le Mans and features a striking Rohr racing livery. It will be auctioned by Broad Arrow on August 15.
1937 Bugatti Type 57SC Atalante
Estimate: $9-$11 Million
Did not sell, asking price listed at $9,750,000
These rare Bugattis are always highly valued. This model, with a 200-horsepower straight-eight, is one of 17 with Atalante bodywork and won first in class at the 2022 Pebble Beach Concours d’Elegance. Gooding & Company will auction it on August 16 and 17.
1957 Ferrari 625 TRC Spider by Scaglietti
Estimate: $9-$11 million
Did not sell, price available upon request
This classic Ferrari, auctioned by RM Sotheby’s on August 16, has an extensive racing history. It originally had a 2.5-liter four-cylinder engine, now replaced with a 3.0-liter V-12, though the original engine is included.
1961 Ferrari 250 GT SWB California Spider
Estimate: $15-$17 million
Did not sell, starting bid listed at $7,500,000
This Ferrari California Spider from Gooding & Company has a low estimate of $15 million. Originally blue, it was repainted red in 1968 and has had several owners. It will be auctioned on August 16.
1960 Ferrari 250 GT SWB California Spider
Estimate: $16-18 million
Sold for $17,055,000
RM Sotheby’s describes this black Ferrari as the “finest, most important 250 GT SWB California Spider available.” It was the first built and showcased by Ferrari at the 1960 Geneva Motor Show. It will be auctioned on August 17.
1938 Alfa Romeo 8C 2900B Lungo Spider
Estimate: $16-$20 million
Sold for $12,750,000
This Alfa Romeo, one of five in existence, could be the most expensive car sold during Monterey Car Week. It has a high-end estimate of $20 million and a prestigious ownership history, including a first-place win at Pebble Beach. It will be auctioned by Gooding & Company on August 16.
1955 Ferrari 410 Sport Spider by Scaglietti
Estimate: In excess of $15 million
Sold for $12,985,000
This unique Ferrari, auctioned by RM Sotheby's on August 17, is a prototype for the 410 Sport Scuderia and was driven by Carroll Shelby. Its history makes it hard to estimate, but it could top the Alfa or other cars on the list.
