Approximately $463 million in vehicle sales were made during the span of a few days, and this classic quintet played the biggest part.
“This year’s Monterey auctions were eagerly anticipated as a barometer of the state of the industry, particularly with respect to the impact from a potential recession, higher interest rates, war in the Ukraine and post-Covid behavioral shifts,” says, car collector and co-founder of Classic.com. “During Monterey, it seemed as if all of those were non-issues. It was business as usual—booming, in fact.
“We’re clearly seeing a generational shift toward vehicles from the 80’s and 90’s, driven by a younger demographic of collectors and enthusiasts,” Calle says, also noting that the average amount paid for a vehicle was close to $590,000. “Surely there were prewar gems selling for record prices, but the large crowds came out to see more modern icons such as the Ferrari F40, F50, Porsche 959 and Carrera GT.
The example features coachwork by the marque’s own team of artisans at Sindelfingen, Germany. In particular, it wears a low-door, long-tail design with a covered spare-tire compartment at the rear, one of only three known to still exist with this stylistic combination. But aside from its aesthetic rarity, the fact that it was a monarch’s automobile easily explains how it fetched the kingly sum of $9,905,000 on August 18.This 1937 Bugatti Type 57SC Atalante is one of 17 built.
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