The 10 Most Expensive Cars Sold at Auction During Monterey Car Week, From a 1938 Alfa Romeo to a 1995 Ferrari.
While the automotive maelstrom that’s Monterey Car Week has concluded, buyers, sellers, and industry analysts alike may be deciphering the auction results for some time in respect to what it signifies both in the short term and foreseeable future. Leading up to the annualthe major auctions held in Northern California’s Monterey County have long been the barometer for the market, and the last two years have seen a drop., cumulative sales were approximately $463 million.
Introduced at the 1966 Paris Salon, Ferrari’s 275 GTB/4 premiered a 12-cylinder engine configuration that included four overhead camshafts. Designed by Pininfarina and built by Scaglietti, the 275 GTB/4 finished production in 1968, after 330 were built. Part of the North American Racing Team , chassis No. 10311 was one of only 16 originally bodied with aluminum rather than predominantly steel.
As part of its Monterey auction, RM Sotheby’s offered number 47 off the F50 production line, and one of only 55 examples sent directly to the U.S. In 2023, the car—with Ferrari Classiche certification—won the Platinum accolade at the Cavallino Classic Palm Beach, which attests to its impressive condition, as does the fact that it sold for more than $5.5 million.
Originally campaigned in the 1997 FIA GT Championship by the Rook Racing Team, the car qualified for Le Mans but failed to finish. That same year, with Rohr Racing, it won four races, which helped the team secure the overall title for the 1997 IMSA GTS-1 class. Although valued between $8.5 million and $10 million going into the auction, it ended up garnering $1.455 million less than its low-end estimate., the Ford GT40 dominated the 24 Hours of Le Mans from 1966 through 1969.
After having custom bodywork commissioned with Carrozzeria Scaglietti, Parravano entered his car in the 1956 Palm Springs Road Races with a young Carroll Shelby piloting the vehicle to an eventual first-place finish. That impressive provenance, and the fact that the restored machine graced the show lawn of the 2017 Pebble Beach Concours d’Elegance, contributed to it selling for nearly $13 million through RM Sotheby’s.
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