Pebble Beach Concours d’Elegance hits sales record

Wow, that’s all we can say about the sales results from last weekend’s Pebble Beach Concours d’Elegance car festival.  The five auction houses that participated in the annual auto festival sold a combined $260 million USD of vehicles last weekend, up 31% from the previous record of $198 million USD set last year, according to Hagerty Insurance, which tracks collector-car prices. The highest price came from Santa Monica based auction house Gooding & Co. when they sold a 1936 Mercedes-Benz 540K Special Roadster for $11.8 million USD.

1936 Mercedes-Benz 540K Special Roadster

The events second top seller was a 1968 Ford GT40 sold for a record breaking $11 million USD by Blenheim, Ontario’s very own RM Auctions making it the most expensive American car ever sold at auction.

1968 Ford GT40

For more photos check out the following Globe and Mail slide show of the event.

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