Pebble Beach auctions defy gravity — again
August 2011

Pebble Beach auctions defy gravity — again

Not all the sales have been completed and we're still en route back to base, but already the provisional totals for the 2011 Pebble Beach weekend auctions have set new records: $190 million between five auctions (compared to the previous record of $177 million set last year); the highest price ever paid for a motor car at auction ($16,390,000 for the 1957 Ferrari 250 Testa Rossa at Gooding); the highest price ever paid for an American car at auction ($10,340,000 for the 1931 Duesenberg 'Whittell Coupe' at Gooding which had been declined by another auction house who sold it privately to this weekend's vendor for a figure beginning with a '2' in the past four years); and the highest price ever paid for a Mercedes at auction ($9,680,000 for the 1937 Mercedes-Benz 540K Special Roadster at RM).

Most exuberant price of the weekend, however, goes to an anonymous grey Porsche 911S with almost 200,000 miles on the odometer. What's the value of a celebrated first owner? In this case about fifteen times: it made $1,375,000. Good old Steve McQueen magic...

Full results and insight will be ready for you soon.

Photos courtesy classicdriver.com /Ned J. Lawler Shamrock Motoring Images