Monterey Car Week 2019 is done and in the bag. As with most years there was a considerable degree of drama. Unfortunately, unlike most years, it was largely moving in the wrong direction. Preliminary sales totals indicate a gut punching $245.5 Million between the 6 houses collectively. This represents a significant 34% decrease over 2018’s $370 Million haul as well as decreases in all the important categories, including average sale price (down $117k), median sale price (down $5,500), and sell through rate (down 4%). Sell through rate on feature offerings took the biggest hit dropping from 56% to an anemic (for Monterey anyway…) 42%. This represents the lowest overall set of results for Monterey since 2011. There were most definitely some notable sales, including and LM-spec 1994 McLaren F1 that crossed at RM Sotheby’s for $19.8 Million, a 1958 Ferrari 250 California LWB Spider from Gooding & Company at $9.9 Million, and a 1962 Ferrari
It’s no secret that at Motorwerks, we represent some of the world’s most prestigious, highest volume sellers of collector, classic and specialty automobiles. From top tier auction houses, to dealer groups, to low volume local specialty sellers, to builders and restorers, we see a little bit of everything here. Combine that with the fact that our staff is made up almost entirely of Millennials and younger Gen X’ers and it provides us with an interesting perspective on the challenges faced by both sides......
Italians have obviously long been known for designing beautiful things on wheels. Even when the vehicle manufacturer isn’t Italian, chances are, if it stirs emotion, creates want and just plain awes the senses, there’s probably an Italian hiding in the shadows with a pencil and a sketchbook, a hammer and a sheet of aluminium or some clay and a brilliant idea somewhere close at hand. In a lot of ways, Alfa Romeo is the quintessential Italian marque and par the course, over the course of the brand’s history, they have experienced no shortage of drama. Between fire sales, corporate.......
So, for anybody who has happened to look at any social media or the front page of their Google feed or anything else today, probably the most seen photo (aside from some stupid egg, for which as a society, we should clearly all be better than...) has been photos of a little red thing on wheels, with an inevitably attached caption along the lines of "It's Here and It's Real!", accompanied by a handful of fanboy type journalistic phrases and then about 2,000 angry comments to follow below. For all the folks in the general vicinity of my age that I've been dreaming of this moment for years: I'm sorry, but new Supra looks like a generic, made up freebie toy that you find in the bottom of a store brand cereal box that nobody wanted to pay any manufacturers royalties on. Oh yeah, it's also got 30 less horsepower than a 2018 Ford Explorer.
I was recently thumbing through the channels in the middle of the night and I happened to stumble across an old episode of Top Gear. Featured in the segment, was Jeremy Clarkson, (with his semi sharp, mostly coherent ramblings) and late model Alfa Romeo 8C. One of the more interesting things that he touched on during his ranting was the fact that he didn't initially believe that cars can, or should be considered
Look, I totally get it. I completely understand why the Ferrari 250 GTO is what it is. First of all, across the automotive stratosphere, Ferrari is absolutely the brightest star of the bunch. When you think of brands that exist on the global stage as the golden standard for all others to be judged from any industry, Ferrari is part of that conversation with anybody, anywhere, every single time. Couple that with the sheer fact that the 250 GTO is largely considered the ultimate halo car of what is really the automobiles most important time period and the evidence continues to mount. Furthermore, factor in that they were more or less exclusively owned and raced by only the best, most influential names of the era, due to the fact they were not only eye wateringly expensive, but because buyers also had to be handpicked by Il Commendatore himself (with assistance from Luigi Chinetti) and the
Most beautiful car ever made? We think it just might be! Best sounding car ever? To that, we almost certainly say yes. The ultra rare, ultra exotic 1968 Alfa Romeo 33/2 Stradale is an unquestionable showstopper and this past weekend the world was once again reminded of this fact when an utterly pristine example brought traffic to a screeching halt during this years Concorso d’Eleganza Villa d’Este. Taking place annually in Cernobbio, Italy and widely regarded as one of the greatest (if not the greatest) Concours on earth, each year the shores of Lake Como are brought to life with scores of the most valuable, most beautiful iron available anywhere and this years event was no exception.
Open virtually any Automotive trade publication and you're likely to see some sort of reference to a doom and gloom scenario where our industry is beginning to circle the drain. Whether it be autonomous vehicles, increased environmental regulation or concerns over drivability on modern roads, it seems like somebody is always projecting the inevitable downfall of classic, collector and specialty automobiles. While these scenarios are all likely worth concern. We are collectively ignoring the biggest, scariest, angriest
Thirsty Lion Gastropub is hosting a fundraising and head shaving event for the St. Baldrick’s Foundation to bring awareness to childhood cancerThe St. Baldrick’s Foundation is a volunteer-powered charity that funds more in childhood cancer research grants than any organization. Throughout the month of March, all three Thirsty Lion locations in Tempe, Scottsdale and Gilbert will collect money to donate to the foundation. People can donate on their food bill or they can donate online directly to St. Baldrick’s at their website
If you in any way consider yourself to be a serious car person, you know the feeling. The hangover of Christmas and New Years have passed, and although the rest of the world has moved beyond the holiday mentality, you still feel anxious, energetic and ready to go. For us, there is still one holiday left on the horizon, and you can feel the desert air in your lungs just thinking about it. “The Epicenter” is calling! The fact is, Scottsdale sets the yearly bar for the collector car universe, not only due to its location on the calendar, but also due to the fact it isn’t surrounded with additional hoopla (if you don’t count whatever all that stuff you have to walk through on your way to the block at Barrett-Jackson is). It’s not so much about concours, parties and outside events. Scottsdale in January is about one thing and one thing only: Buying