2016 Monterey Car WeekEnlarge Photo
Monterey Car Week is a hotbed for classic cars, many of which are there to go under the hammer.
The bidding at this year’s event, which took place in mid-August, was a little more subdued than in recent years, perhaps finally signaling a cooling of the collector car market.
Total sales came in at $338,300,000, which was down on 2015’s $396,800,000. It’s actually the second year in a row that sales totals declined, lending support to comments that the market actually peaked in 2014.
ALSO SEE: Ferrari Enzo heading to London auction
Nevertheless, there were still plenty of cars going for 8-figure sums and a few records were also set. Here are some of the highlights.
1955 Jaguar D-Type bearing chassis number XKD 501 - Image via RM Sotheby’sEnlarge Photo
It’s not often that the most expensive car to go under the hammer in Monterey isn’t a Ferrari [NYSE:RACE], but that was the case this year when this Le Mans-winning Jaguar D-Type sold for a staggering $21,780,000, a record for the brand and a British car. Of course the provenance was a key factor but the car was also in very good condition due to a limited number of owners.
1939 Alfa Romeo 8C 2900B Lungo SpiderEnlarge Photo
1939 Alfa Romeo 8C 2900B Lungo Spider - $19,800,000
Like the Jaguar above, this stunning Alfa Romeo set a new record for its brand as well as for a car built prior to World War II. The car is believed to be just one of seven ever made and features a body crafted by Touring of Milan and an inline-8 engine delivering 180 horsepower.
The world's first Shelby Cobra: CSX 2000Enlarge Photo
There's only one CSX 2000, Carroll Shelby's first-ever Cobra, and its sale in Monterey set a new record for an American car. It was built in 1962 and was owned by Shelby American up until its sale this month. As the story goes, Shelby, ever the entrepreneur, sent it to various magazines for testing, each time painting it a different color to make it look like he had several cars.
Ferrari LaFerrari - Image via Mecum AuctionsEnlarge Photo
It wasn’t only classic cars scoring the massive bids in Monterey. This LaFerrari, finished in a rare Nero DS Opaco and with only 211 miles on the clock, ended up selling for around three times the car's original retail price. For the same money, the buyer could have taken home a McLaren P1 and a Porsche 918 Spyder—and still have plenty of cash left over to buy a nice house to park them at.
1979 Porsche 935Enlarge Photo
1979 Porsche 935 - $4,840,000
By the late 1970s, Porsche’s 935 was arguably the most dominant car in sports car racing. Competitors feared it, since getting by one on the track bordered on the impossible. This one was an overall winner of Daytona and Sebring and was also raced by Paul Newman. The new buyer is thought to be none other than Adam Carolla.
Hungry for more? You'll find the rest of our Monterey Car Week coverage at our dedicated hub.