Article and Photography by Joel Chan (PhotosWithJoel).
Welcome back to our continued coverage of Monterey Car Week 2014. Check out our introduction to the experience and Pebble Beach Concours d'Elegance here, and our coverage of the Pebble Beach Tour d'Elegance here.
Bonham’s Auction House at Quail Lodge
Simply stated, Bonhams’ Quail Lodge Auction pulled off the sale of the year last week during their two-day event. They boasted a 92-percent sale-through rate and posted numerous world records. Nine new model records were shattered for the legendary Italian automaker Ferrari, alone. Other world records were set for Maserati, Mini, Napier, Rolls-Royce and Speedwell, with the total sales figure posting at $108 million.
Thursday night’s (August 14, 2014) session proved to be very exciting when the 1962 Ferrari 250 GTO sold for over $38 million making it the most valuable car ever sold at auction. They went on to sell a 1966 Ferrari 275 GTB for $3.85 million, a 1958 Ferrari 250 GT Series 1 Cabriolet for $6.82 million, a 1973 Ferrari 365 GTS/4 Daytona Spyder at $2.64 million, as well as many others reaching nine total Ferrari world records before the event was finished. Many other rare and interesting cars were sold. You can see the complete list at Bonhams’ website.