Second Highest Ever Auction Sales In Monterey

Ferrari, Ferrari, Ferrari! Trends come and go but Ferrari remains timeless, again landing top spot amid the Monterey auctions. With eight of the top 10 sales, the marque continues to remain popular despite changing tastes.

• Total sales increased to $432.8M, the highest since the record set in 2022
• Ten new world records were set for Ferrari models, and the number of $1M+ sales for post-1990 Ferraris is knocking on the door of vintage Enzo-era Ferraris (12 vs. 15, respectively)
• A Ferrari Daytona SP3 sold for charity went for an impressive $26M
• Some modern supercar highlights include: a 2008 Koenigsegg CCXR that sold at auction in 2015 for $825K now sells for $3.2M. A 1993 Ferrari F40 LM sold for $11M, setting a new world record for the LM model by almost double. A 1995 Ferrari F50 sold for $9.25M, setting a new world record for the model.
• Variety arrived in the $1M+ segment (Ferrari Dino 246s, Porsche 911s, BMW M1s, etc.)
• Top 10 sales covered seven decades, demonstrating broad collecting variety, though eight of the top 10 were Ferraris.

With sales totaling $432.8M across four days and five auction companies, 2025 was the second-biggest Monterey ever, only surpassed by 2022’s $471.2M. However, it should be noted that the top sale was a 2025 Ferrari Daytona SP3 at $26M, which was auctioned off for charity. Without this lot, the total sales of $397.2 would have been up only4% from last year.

As has been the story over the past couple of years, modern supercars set records while bidders shied away from vintage Ferraris, the Pablo Picassos of the collector car world. Last year’s faltering of the vintage Ferrari market, with a drop from an average of 84% (2021-23) to 51% in 2024, was soothed by 65% of them selling this year. More buyers and sellers found a meeting point, but the frenzied Italian interest has moved to more modern cars.

Overall, the collector car market appears to be operating at a vehicle level rather than the mass exuberance seen during the pandemic boom. Buyers fight over what they really want and leave behind what they don’t. Bidders clamored over several supercars that rarely come up for sale and largely ignored more common vehicles. A 2000 Lamborghini Diablo GT, of which only 80 were made and only a handful have been sold publicly, set a record at $1,435,000. Similarly, with only 50 or fewer built and almost never appearing at auction, both a 2005 Maserati MC12 and a 2010 Ferrari 599XX Evo broke records for their models at $5,202,500 and $3,305,000, respectively.

By comparison, the Mercedes-Benz 190SL is a high-dollar car commonly sold at auctions, but five examples sold for an average of 21% below their low estimate. It also appeared that bidders were no longer interested in picking up a new restoration project. A never-restored 1934 Bugatti Type 57 Ventoux with its original body and engine, sold for $224K only 16 months after it sold for $427K—a 53% loss. Similarly, a just-out-of-long-term storage 1972 Ferrari Dino 246 GT sold for 26% below its condition #4 (fair) value.

Variety percolated up into the $1M level. A 1974 Ferrari Dino 246 GTS, 1980 BMW M1 Procar, and a 1973 Porsche 911 Carrera RS 2.7 Touring all sold for more than $1M. Also, a 1996 Nissan Skyline GT-R Nismo 400R just missed crossing that mark by $5000. These are in addition to the Duesenbergs, 300SLs, Cobras, and the numerous Ferraris that typically sell for $1M+.

The top 10 sales this year spanned a wider range of decades than at any Monterey in at least 10 years. At the same time, it had the fewest variety of marques represented. This is because Ferraris completely dominated the top 10. Even if you were to exclude the Daytona SP3 charity lot, a Maserati MC12, which is based on a Ferrari Enzo, would take the 10th spot.

With the Monterey auctions now in the rearview mirror and the next big auctions not until January, the market will have some time to digest the results. Variety has moved up into the seven-figure range, but the records and headlines are still being dominated by Ferrari.

Listed below are the results Hagerty observed during the live auctions as well as any post-sale deals that were reported by the auction companies to Hagerty. Numbers include the appropriate buyer’s premiums.

Overall through Saturday from all auction companies

Cumulative Total: $432.8M

818/1,078 lots sold: 76% sell-through rate

Average Sale Price: $529,035

2024 Cumulative Results through Saturday

Cumulative Total: $391.6M

821/1143 lots sold: 72% sell-through rate

Average Sale Price: $476,965

Overall Top 10 Sales from all auctions through Saturday:

1. 2025 Ferrari Daytona SP3 Coupe – $26,000,000 (RM Sotheby’s, charity lot)
2. 1961 Ferrari 250 GT SWB California Competizione Alloy Spider – $25,305,000 (Gooding Christie’s)
3. 1993 Ferrari F40 LM GTC Coupe – $11,005,000 (RM Sotheby’s)
4. 1995 Ferrari F50 Coupe – $9,245,000 (RM Sotheby’s)
5. 2020 Bugatti Divo Coupe – $8,557,500 (Bonhams)
6. 1973 Ferrari 365 GTB/4 Daytona Competizione – $8,145,000 (Gooding Christie’s)
7. 1961 Ferrari 250 GT SWB California Spider – $7,550,000 (Gooding Christie’s)
8. 1957 Ferrari 250 California Spider – $7,265,000 (Gooding Christie’s)
9. 2017 Ferrari LaFerrari Aperta Spider – $6,715,000 (RM Sotheby’s)
10. 1935 Mercedes-Benz 500K Sindelfingen Special Roadster – $5,340,000 (RM Sotheby’s)

Results broken down by Auction Company

BROAD ARROW AUCTIONS

Cumulative Total through Friday: $57.4M

135/169 lots sold: 80% sell-through rate

Average Sale Price: $425,175

Overall Top 10 Sales:

1. 2005 Maserati MC12 Spyder sold for $5,202,500
2. 2008 Koenigsegg CCXR Targa sold for $3,222,500
3. 1991 Porsche 911 Reimagined Coupe sold for $2,645,000
4. 1967 Ferrari 275 GTB/4 Coupe sold for $2,562,500
5. 1955 Mercedes-Benz 300SL Gullwing Coupe sold for $1,902,500
6. 1963 Ferrari 250 GT Lusso Coupe sold for $1,622,000
7. 1980 BMW M1 Procar Coupe sold for $1,600,000
8. 1962 Shelby Cobra 260 Roadster sold for $1,545,000
9. 2022 Lamborghini Essenza SCV12 Race Car sold for $1,490,000
10. 1963 Ferrari 250 GT Lusso Coupe sold for $1,380,000

2024 Cumulative Results

Cumulative Total through Friday: $69.5M

129/156 lots sold: 83% sell-through rate

Average Sale Price: $538,778

RM SOTHEBY’S

Cumulative Total through Saturday: $163.8M

135/158 lots sold: 85% sell-through rate

Average Sale Price: $1,213,288

Overall Top 10 Sales:

1. 2025 Ferrari Daytona SP3 Coupe – $26,000,000 (charity lot)
2. 1993 Ferrari F40 LM GTC Coupe – $11,005,000
3. 1995 Ferrari F50 Coupe – $9,245,000
4. 2017 Ferrari LaFerrari Aperta Spider – $6,715,000
5. 1935 Mercedes-Benz 500K Sindelfingen Special Roadster – $5,340,000
6. 2015 Ferrari LaFerrari Coupe – $5,230,000
7. 1935 Duesenberg Model J LaGrande Dual Cowl Phaeton – $4,405,000
8. 1989 RUF CTR1 ‘Yellowbird’ Lightweight Coupe – $4,295,000
9. 1990 Ferrari F40 Coupe – $3,855,000
10. 1960 Porsche Type 718 RS 60 Spider – $3,525,000

2024 Cumulative Results

Cumulative Total through Saturday: $154.1M

169/200 lots sold: 85% sell-through rate

Average Sale Price: $911,732

GOODING CHRISTIE’S

Cumulative Total through Saturday: $127.8M

149/178 lots sold: 84% sell-through rate

Average Sale Price: $858,038

Overall Top 10 Sales:

1. 1961 Ferrari 250 GT SWB California Competizione Alloy Spider – $25,305,000
2. 1973 Ferrari 365 GTB/4 Daytona Competizione – $8,145,000
3. 1961 Ferrari 250 GT SWB California Spider – $7,550,000
4. 1957 Ferrari 250 California Spider – $7,265,000
5. 1958 Ferrari 250 GT TdF Coupe – $4,850,000
6. 1990 Ferrari F40 Coupe – $3,800,000
7. 1952 Jaguar C-Type Roadster – $3,635,000
8. 1961 Aston Martin DB4 GT Coupe – $3,195,000
9. 2021 RUF CTR Anniversary Coupe – $3,140,000
10. 1994 Bugatti EB110 SS Coupe – $2,755,000

2024 Cumulative Results

Cumulative Total through Saturday: $105.3M

149/183 lots sold: 81% sell-through rate

Average Sale Price: $706,974

BONHAMS

Cumulative Total through Friday: $44.2M

87/91 lots sold: 96% sell-through rate

Average Sale Price: $508,364

Overall Top 10 Sales:

1. 2020 Bugatti Divo Coupe – $8,557,500
2. 2023 Bugatti Chiron Super Sport Coupe – $4,460,000
3. 2021 Bugatti Chiron Pur Sport Coupe – $3,965,000
4. 2022 Apollo Intensa Emozione Ocean Dragon Coupe – $3,442,500
5. 2017 Pagani Huayra Roadster – $3,305,000
6. 2022 Pagani Huayra R Coupe – $3,030,000
7. 2021 Koenigsegg Regera Targa – $2,700,000
8. 1985 Audi Sport Quattro Coupe – $1,765,000
9. 1956 Ferrari 250 GT Pinin Farina Berlinetta – $1,512,000
10. 1938 Alfa Romeo 6C 2300B Mille Miglia Berlinetta Spider – $687,000

2024 Cumulative Results

Cumulative Total through Friday: $11.4M

82/108 lots sold: 76% sell-through rate

Average Sale Price: $138,846

MECUM

Cumulative Total through Saturday: $39.5M

312/482 lots sold: 65% sell-through rate

Average Sale Price: $126,546

Overall Top 10 Sales:

1. 1971 Ferrari 365 GTS/4 Daytona Spider – $2,200,000
2. 1969 Lamborghini Miura P400 S Coupe – $1,980,000
3. 1957 Mercedes-Benz 300SL Gullwing Coupe – $1,650,000
4. 1959 Mercedes-Benz 300SL Roadster – $1,485,000
5. 1932 Duesenberg Model J LaGrande Dual Cowl Phaeton – $1,320,000
6. 1969 Dodge Daytona NASCAR Coupe – $1,320,000
7. 1973 Porsche 911 Carrera RS 2.7 Lightweight Coupe – $1,045,000
8. 2006 Ford GT Heritage Coupe – $891,000
9. 2025 Ferrari SF90 Spider Convertible – $715,000
10. 2021 Mercedes-Benz AMG GT Black Series Coupe – $682,000

2024 Cumulative Results

Cumulative Total through Saturday: $51.3M

292/496 lots sold: 59% sell-through rate

Average Sale Price: $175,613

Report by hagerty.com