The 2016 Monterey Car Week wrapped up in August after showcasing billions of dollars of automobiles, including more than $330 million in cars sold at auction.
According to Hagerty Insurance Agency in Traverse City, Mich., a collector car and boat insurance specialist, 724 of the 1,273 available lots sold at the event, with sales totaling $339.7 million, a decline from 2015’s $396.8 million in auction sales.
Big-ticket sales, though a big chunk of the 2016 total, are declining faster than sales overall — though the overall sell-through rate for this year’s auctions was 56 percent, two percentage points lower than in 2015, the sell-through rate for cars priced above $100,000 fell from 72 percent in 2015 to 57 percent this year.
The top 10 care sold at Monterey’s auctions this year were dominated by vintage Ferrari racing cars, but records were also set for prices at auction for American- and British-built cars. (Editor's note: The following photos represent an example of each car, but not necessarily the specific vehicle that was sold at auction.)
10. 1955 Ferrari 750 Monza Spider by Scaglietti – $5,225,000
This car was driven by auto designer Carroll Shelby in the 1955 12 Hours of Sebring endurance race, where he and teammate Phil Hill propelled it to a second-place finish. After racking up several prominent racing victories, it was eventually bought by racing icon Jim Hall, who put the Monza Spider in storage for nearly 40 years.