Aston Martin's DB4 GT Zagato Continuation will make its public debut at the 24 Hours of Le Mans 2019 on June 14-16. The limited edition (19 only) will become the most expensive new Aston Martin in company history when deliveries begin during Q3 of this year, with a price tag of £6 million (US$7,633,000) plus taxes.
Monterey Car Week is traditionally the place where world auction records are set, and this year the star of the show will be the original Porsche. It is one of the three Porsche Type 64 (also known as Type 60K10) cars built, the only one to remain intact from new, and it is the very first car to wear the now revered Porsche nameplate.
Automobile auctions appear to have made the digital transition far better than most industries, and although the marketplace may no longer be the rampant bull market we saw a few short years ago, with youngtimer classics now very much in vogue thanks to changing demographics, the collectible car industry looks in better shape than ever. Here's a selection of the more interesting lots that sold in Paris.
Three-time Formula One Champion Ayrton Senna continued to smash records 25 years after his death at Retromobile last weekend, setting new auction price records for a Formula One helmet ($184,340 | €162,000) and race suit ($110,372 | €97,500). Michael Schumacher achieved the second highest price of the 50+ helmets sold when a Ferrari Formula 1 helmet worn by the seven-time world champion during the 2005 season sold for $71,688 (€63,000).
The all-important collectible automotive auction market continued to show indications of change in the Scottsdale auction week, though the total sales for the week are little different from last year: US$251 million versus $248 million and an 81 percent sell-through rate down from 84 percent. Such differences can be entirely due to a different sub-set of cars, sellers and buyers being available this year. The texture of the market was different this year though: the sell-through rate of vehicles above $1 million fell dramatically, while the market below $250,000 was much stronger than last year
A new world record for a car at auction was set this evening when a 1962 Ferrari 250 GTO sold for $48,405,000, breaking the existing record of $38.115 million set in 2014 for a 1962/1963 Ferrari 250 GTO. Automotive auction records have been toppling over the last 72 hours during Monterey Car Week, with a 1935 Duesenberg SSJ selling for $22 millionand becoming the most valuable American car and the most valuable pre-WW2 car ever sold, and a 1963 Aston Martin DP215 GT Competition Prototype selling for $21.455 million.
The Ferrari 250 GTO is the "Holy Grail" for car collectors. Just 36 were made, all still exist, and owning one of these exquisite thinly-disguised road-registerable V12 racing cars is the ultimate badge of success. The world auction record of $38.1 million was set in 2014 by a 1963 Ferrari 250 GTO, but several private GTO sales have far exceeded that figure, with the outright world record for the sale of any car believed to have been set by a 250 GTO at more than $70 million in May, 2018. With another Ferrari 250 GTO headed for auction in Monterey on August 25, this time in pristine condition with significant provenance, the stage is set for a showdown between the world's UHNWI population for an entry ticket to one of the world's most exclusive clubs.