RM Sotheby’s, Monterey, August 18-20, 2022
It’s been five weeks since leaving Monterey with incipient Covid-19. The infection wasn’t bad, but it has lingering consequences. But, finally, here’s the final result from Monterey 2022 and it’s RM Sotheby’s epic sale with $243 million changing hands. To put it in perspective, in 2017 Sotheby’s evening contemporary art auction in New York totaled […]
Gooding & Co., Pebble Beach, August 19-20, 2022
In common with pretty much every other Monterey auction Gooding & Company continued its strong comeback from the weak 2019 performance with strong 2022 results. The numbers that Gooding delivered are exceptional. 38 of the lots offered were bid to $1 million or more. 27 of them sold bringing a total of $74,262,500 including buyer’s […]
Mecum Auctions, Del Monte Golf Course, Monterey, August 18-20, 2022
Mecum Auctions has in the past deluged its Monterey auction with truckloads of consignments, both cars and motorcycles. In only the third year here in 2011 there were 743 lots offered. There were 735 in 2013 and from 2014 through 2018 there were over 600 each year. That emphasis on volume seems to have tapered […]
Bonhams, Quail Lodge, August 19, 2022
With a 137-lot consignment and a slow-paced auction style Bonhams still has too many lots constrained within a modest area of Quail Lodge that hasn’t changed since they began to cram cars into the same constraints four years ago. There are too many cars to be appreciated in the space (and auction block time) available […]
Broad Arrow, Monterey, August 18, 2022
Broad Arrow is, despite the decades of experience of its team, the new kid on the block. Started just a year or so ago, it gained support from Hagerty which then was morphing from a privately held company to publicly traded after a merger with a SPAC (Special Purpose Acquisition Company) led by Rob Kaufmann […]
The 2022 Monterey Auctions
One 7-figure Car Short of Half a Billion Dollars First, an explanation of why this report is so late. I returned from Monterey with Covid, then gave it to my wife. The last week of August and the first one of September were a write-off to our recoveries which was without complications or hospitalization. […]