Ferrari Dominates Pebble Beach Auctions

There has been strong talk this year of one of Asia’s financial hubs hosting an annual or semi annual auction event similar to the well established Carmel/Pebble Beach event.

Classic cars as investments have been gaining popularity across Asia as an attractive passion asset and a well run event in Hong Kong or Singapore would make sense. Perhaps an event to coincide with the Singapore Grand Prix would be a good place to start.

These automotive lifestyle generate substantial interest and revenue as has been proved again in California last weekend.

At the Monterey Car Week auctions, Ferrari reasserted its dominance yet again as the most coveted and collectible marque.

The three biggest auction sales were all Ferraris, including a 1964 250LM for $17.6 million USD ; a 1961 250 GT California SWB Spider with closed headlights for $16.83 million USD; and a 1962 Ferrari 250 GT SWB Coupe for $16.5 million USD.

Also of great significance, a 1956 250 GT Berlinetta Competizione Tour de France sold for $13.2 million USD; while a 1957 410 Superamerica Series II Coupe sold for $5.09 million USD.

 

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