It Happened in Monterey 2018: All the numbers

That’s it for another year. Overall, without significant post-sale deals, the Big Three have comfortably beaten last year’s total.

Dig deeper into the results and it soon becomes clear that this was done on the back of not only four star lots that accounted for $101,655,000, but also an additional 73 cars in total: 432 vs. 359.

Sell-throughs have slipped a touch (down from 83% to 82%), while more cars are selling below low estimate. The trend for younger models continues and the average is now 1967. In 2014 it was 1960.

Pull up a chair, pour a large drink of choice and see how Monterey Week 2018 panned out in hard numbers.

You can download an updated list of all cars sold by Bonhams, Gooding & Co and RM Sotheby's sorted by make and model HERE.

Monterey Week Sales 2018 – Bonhams, RM Sotheby’s, Gooding combined (2017)

Gross: $310,995,690 ($279,569,650)
Number of cars not sold: 76 (61)
Number of cars withdrawn: 2 (5)
Total number of cars: 432 (359)
Number sold: 356 (298)
Percentage cars sold by number: 82% (83%)
Percentage by value average low/high estimate: 67% (83%)
Percentage of cars met or sold below low estimate: 63% (60%)
Percentage of cars sold below avge of estimates: 80% (79%)
Percentage of cars sold met/exceeded top estimate: 10% (14%)
Average price of cars sold: $873,558 ($938,153)
Average year of cars offered: 1967 (1964)
Percentage of cars offered at No Reserve: 47% (41%)

Monterey Week Sales 2018, Top 10 cars sold by value

1. RM 1962 Ferrari 250 GTO $48,405,000
2. Gooding 1935 Duesenberg SSJ $22,000,000
3. RM 1963 Aston Martin DP215 $21,455,000
4. RM 1966 Ford GT40 Mk II $9,795,000
5. Gooding 1958 Ferrari 250 GT Tour de France Berlinetta $6,600,000
6. Gooding 1955 Maserati A6GCS/53 Spyder $5,170,000
7. Gooding 1955 Ferrari 500 Mondial Series II $5,005,000
8. RM 1957 Porsche 550A Spyder $4,900,000
9. RM 1956 Maserati A6G/2000 Berlinetta Zagato $4,515,000
10. RM 1998 Mercedes-Benz AMG CLK GTR $4,515,000

Bonhams at Quail Lodge, 24 August 2018 (2017)

Gross: $37,021,850 ($55,185,000)
Number of cars not sold: 17 (23)
Number of cars withdrawn: 0 (2)
Total number of cars: 135 (109)
Number sold: 118 (86)
Percentage cars sold by number: 87% (79%)
Percentage by value average low/high estimate: 57% (89%)
Percentage of cars met or sold below low estimate: 60% (69%)
Percentage of cars sold below avge of estimates: 75% (81%)
Percentage of cars sold met/exceeded top estimate: 9% (10%)
Average price of cars sold: $274,236 ($506,284)
Average year of cars offered: 1964 (1962)
Percentage of cars offered at No Reserve: 53% (46%)

Gooding at Pebble Beach, 24-25 August 2018 (2017)

Gross: $115,864,500 ($91,593,700)
Number of cars not sold: 25 (25)
Number of cars withdrawn: 2 (1)
Total number of cars: 147 (135)
Number sold: 122 (110)
Percentage of cars sold by number: 83% (81%)
Percentage by value average low/high estimate: 69% (70%)
Percentage of cars met or sold below low estimate: 60% (60%)
Percentage of cars sold below avge of estimates: 74% (79%)
Percentage of cars sold met/exceeded top estimate: 12% (15%)
Average price of cars sold: $949,709 ($832,670)
Average year of cars offered: 1970 (1965)
Percentage of cars offered at No Reserve: 41% (36%)

RM Sotheby’s in Monterey, 24-25 August 2018 (2017)

Gross: $158,109,330 ($132,790,950)
Number of cars not sold: 25 (13)
Number of cars withdrawn: 0 (2)
Total number of cars: 150 (115)
Number sold: 125 (102)
Percentage cars sold by number: 83% (89%)
Percentage by value average low/high estimate: 67% (92%)
Percentage of cars met or sold below low estimate: 66% (53%)
Percentage of cars sold below avge of estimates: 83% (76%)
Percentage of cars sold met/exceeded top estimate: 7% (17%)
Average price of cars sold: $1,264,875 ($1,301,872)
Average year of cars offered: 1967 (1966)
Percentage of cars offered at No Reserve:  45% (42%)

Photos by K500