Mecum’s top result at the Monterey 2016 collector cars auctions was just over $5 million for a 2014 Ferrari LaFerrari. Mecum sold eight cars for over a million dollar with several further million dollar bids failing to clear the reserve margins.
Mecum Monterey 2016 Car Auction Results
Mecum held a series of collector car auctions from August 18 to 20, 2016, as part of the annual Monterey classic car week.
Top Ten Results at Mecum Monterey 2016
The top ten results at the Mecum Monterey 2016 classic car auction were:
|Year||Car||*Price ($)||Hammer ($)|
|1966||Ford GT40 Mk 1||4,840,000||4,400,000|
|2005||Porsche Carrera GT||1,155,000||1,050,000|
|2011||Ferrari 599 SA Aperta||1,155,000||1,050,000|
|2006||Bugatti Veyron 16.4||1,100,000||1,000,000|
|1965||Shelby 289 Cobra Roadster||1,045,000||950,000|
|1968||Lamborghini Miura P400||869,000||790,000|
|2011||Ferrari 599 GTO||748,000||680,000|
*NOTE: 10% were added to Mecum’s published hammer prices for easier comparison to other auction houses that include these premiums in published results.
Top Ferraris at Mecum Monterey 2016
2014 Ferrari LaFerrari
Mecum’s top result at Monterey 2016 was $5,170,000 for a 2014 Ferrari LaFerrari. Only 499 LaFerraris were produced and this was only the second one ever sold at public auction. The original list price for a new LaFerrari was around $1.7 million before options.
The LaFerrari sold at Mecum is one of only 3 produced in Nero DS Opaco (matt black) and has only covered 211 miles since new
(The first LaFerrari offered at auction – a red car with similar low mileage – was sold a day earlier by Bonhams for $3,685,000.)
2003 Ferrari Enzo
Mecums also had a very good $3,300,000 result for a 2003 Ferrari Enzo. This Enzo had a single owner and the car has covered only 2,050 miles since new. The result is at the top end for standard Enzos at recent auctions.
A second 2003 Ferrari Enzo – one of four finished in black – was not sold despite a highest bid of $2,150,000.
2011 Ferrari 599 SA Aperta
A 2011 Ferrari 599 SA Aperta sold for $1,155,000 at Mecum Monterey 2016. Only 80 of the open 599 SA cars were ever made and these demand a significant premium over the berlinettas.
Unsuccessful Bids for Ferraris at Mecum Monterey 2016
Several further Ferraris received unsuccessful bids over a million dollar at the Mecum Monterey 2016 sale:
- 1967 Ferrari 275 GTB/4 Berlinetta – Highest bid of $2,850,000
- 1985 Ferrari 288 GTO – highest bid of $2,200,000 – both Gooding and Bonhams sold 288 GTOs for less during the same week.
- 1966 Ferrari 275 GTB Long Nose – highest bid if $2,200,000
- 1990 Ferrari F40 – the highest bid of $1,600,000 is one of the highest ever for a standard F40.
Other Top Results at Mecum Monterey 2016
1966 Ford GT40 Mk1
Mecum sold a 1966 Ford GT40 for a strong $4,480,000 at Monterey 2016. This was car P/1028 – the first road car delivered to a customer in North America.
2005 Porsche Carrera GT
A million dollar result for a Porsche Carrera GT at Monterey 2015 caused great excitement and saw at least 15 Carrera GTs testing the market in 2016. All failed to break the million dollar barrier – often by quite a margin – until Mecum did it again selling a low-mileage 2005 Porsche Carrera GT for $1,155,000 at Monterey 2016. In the same auction, Mecum sold a second Carrera GT for a more modest $670,000.
A $1.7 million bid for a 2015 Porsche 918 Spyder Weissach was rejected although higher than the results achieved for two similar cars earlier in the year.
The 1989 Daytona winning Porsche 962 attracted a highest bid of $2.2 million – $100,000 less than was offered at Kissimmee earlier in the year – and again failed to sell.
The highest unsuccessful bid at Mecum Monterey 2016 was $3.6 million for a 1933 Duesenberg Model J Convertible Coupe.