It would have been Monterey Car week last week but for obvious reasons, all events were cancelled. The major international auction companies opted to stage online only sales instead. Today, we take a closer look at the results of three sales.
RM Sotheby's topped the week's sales with their $30.4 million Shift/Monterey auction. Of the 116 lots, 85 were sold for a sell through rate of 73%. Topping the auction was the Ferrari 550 GTS Maranello we featured last week. It sold for just under to $4.3 million, which set a new record for a car sold at an online only auction.
This record was just a week old and was previously held by this Ferrari 275 GTB, which changed hands for just over $3 million at the Gooding & Co. Geared Online sale. This 77-lot auction had a total of $14.5 in sales with a sell-through rate of 71%.
Bonhams held their annual Quail Motorcar Auction last week with cars actually available for viewing at the Petersen Musuem in LA and in Bedford Hill, New York. Of the 106 lots consigned, 69 found new owners for a total of $12.2 million. The most expensive car sold at the auction was this Porsche 718 RSK Spyder, which was offered for sale for the first time in 50 years. Making the most of this rare opportunity, the new custodian paid $2.2 million to acquire the four-cylinder engined machine.

Enjoy the links:

2001 Ferrari 550 GTS Maranello (108418)

1966 Ferrari 275 GTB (08921)

1959 Porsche 718 RSK Spyder (718-031)

2020 RM Sotheby's Shift/Monterey

2020 Gooding & Co. Geared Online

2020 Bonhams Quail Motorcar Auction