It's Monterey, Jack: RM Sotheby's Hopes to Make Bank in California

it s monterey jack rm sotheby s hopes to make bank in california

Those of you who prefer wine and cheese over beer and burgers would probably find yourself at the Monterey Car Week 2022 & Pebble Beach Concours d’Elegance rather than the Woodward Dream Cruise – both are held on the third weekend of August. While your author is firmly in the latter’s camp, he appreciates the bonkers amount of money being tossed around at the former.

As they often do, RM Sotheby’s will be using the occasion to hold a high-dollar auction. Lots include the likes of a 1955 Ferrari 410 Sport Spider by Scaglietti allegedly raced by Fangio himself.

That particular car packs a 4.9L V12 engine, one which uses no fewer than 24 spark plugs to light its own fires, apparently just one of just two Factory-campaigned 410 Sports so equipped. Carrol Shelby is also said to have earned victories in this machine, purportedly winning more races as a driver in 0598 CM than any other car in his racing career: 8 wins and 10 podiums. While auction estimates are given for some other vehicles set to cross the block, such as the $9M – $11M projection for a ’58 Maserati, this particular Fezza is currently bereft of public assessment. In other words, its hammer price will likely go well into the eight figures.

Elsewhere on the docket are some more modern machines, including a vanishingly rare Lamborghini Reventón, a primo-grade 1992 Ferrari F40, and a 1991 JaguarSport XJR-15. Only fifty-three of the latter were produced, this being number 18, and they sold for half a million British pounds back in the day. Chances are strong it’ll fetch a much higher sum in August. Remember, it shares more than a few components with the famous ‘Silk Cut’ Jag of Le Mans fame, including some suspension gear. Also from the modern-day corner is a 1995 Porsche 928 GTS, arguably the finest example of that particular model.

A not-insignificant number of these cars are offered without reserve, including a 1925 Bugatti Type 30 Tourer and a 1955 Mercedes-Benz 190 SLR. So-called ‘no reserve’ vehicles are essential to an auction of this nature, lest operators end up with an embarrassingly large number of unsold machines. In this vein, there is a #24 Chevrolet Monte Carlo seemingly from Hendrick Motorsports which appears to have been raced by Jeff Gordon in multiple Bud Shootouts. Perhaps there’s a connection to Woodward, after all.

RM’s auction will run from August 18 – 20, capping off the larger event of Monterey Car Week.

[Images: RM Sotheby’s]

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  • DenverMike When was it ever a mystery? The Fairmont maybe, but only the 4-door "Futura" trim, that was distinctively upscale. The Citation and Volare didn't have competing trims, nor was there a base stripper Maxima at the time, if ever, crank windows, vinyl seats, 2-doors, etc. So it wasn't a "massacre", not even in spirit, just different market segments. It could be that the Maxima was intended to compete with those, but everything coming from Japan at the time had to take it up a notch, if not two.Thanks to the Japanese "voluntary" trade restriction, everything had extra options, if not hard loaded. The restriction limited how many vehicles were shipped, not what they retailed at. So Japanese automakers naturally raised the "price" (or stakes) without raising MSRP. What the dealers charged (gouged) was a different story.Realistically, the Maxima was going up against entry luxury sedans (except Cimarron lol), especially Euro/German, same as the Cressida. It definitely worked in Japanese automaker's favor, not to mention inspiring Lexus, Acura and Infiniti.
  • Ronnie Schreiber Hydrocarbon based fuels have become unreliable? More expensive at the moment but I haven't seen any lines gathering around gas stations lately, have you? I'm old enough to remember actual gasoline shortages in 1973 and 1979 (of course, since then there have been many recoverable oil deposits discovered around the world plus the introduction of fracking). Consumers Power is still supplying me with natural gas. I recently went camping and had no problem buying propane.Texas had grid problems last winter because they replaced fossil fueled power plants with wind and solar, which didn't work in the cold weather. That's the definition of unreliable.I'm an "all of the above" guy when it comes to energy: fossil fuels, hydro, wind (where it makes sense), nuclear (including funding for fusion research), and possibly solar.Environmental activists, it seems to me, have no interest in energy diversity. Based on what's happened in Sri Lanka and the push against agriculture in Europe and Canada, I think it's safe to say that some folks want most of us to live like medieval peasants to save the planet for their own private jets.
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  • MaintenanceCosts There's no mystery anymore about how the Japanese took over the prestige spot in the US mass market (especially on the west coast) when you realize that this thing was up against the likes of the Fairmont, Citation, and Volaré. A massacre.