The Monterey auction extravaganza got under way on 18 August, with worldwide heavyweight Bonhams and home-grown giant Mecum both holding their aperitif sales, the former at The Quail Lodge and the latter in the grounds of the Hyatt Regency hotel.
Bonhams managed to shift just 22 of the 46 lots it offered on the first day of a two-day auction. Porsches got the top pre-sale billing and it was a Stuttgart icon that headed the lists, as an ex-Alan Hamilton/Richard Hong/Teddy Yip 1966 Porsche Typ 906 Carrera – chassis 906-007 – found a new home for just $2k shy of its $900,000 estimate.
That left a Munich rival to overshadow the Porsches, with a stunning $854,000 - $254k over top estimate – paid for the Guggenheim Museum’s 1971 BMW M1 Pro-car ‘art car’.
Also raising a gasp was the timewarp barn-find 1927 Lancia Lambda Seventh Series Short Wheelbase Roadster, at $202,800 (below), while Bonhams other star Porsches – a pair 962s (above) – both failed to sell.
Mecum’s day one (of three) sale rate wasn’t much better, with 38 of 88 lots selling. The majority of the firm’s star lots are waiting for its Friday and weekend sales, but there were still some strong results in the new Thursday fixture, headed by a 1960 Chevrolet Corvette 283cu in, 290hp four-speed roadster, at $85,000 (below).