Pebble Beach Concours d’Elegance Shows Strength of Classic Car Market

Pebble Beach Concours d’Elegance Shows Strength of Classic Car MarketPebble Beach Concours d’Elegance Shows Strength of Classic Car Market

The Pebble Beach Concourse d’Elegance is considered one of the premier showcases for classic cars in the United States. The event hosted 220 entries (who met strict conditions), from 33 states and 15 countries.

The “Best of Show” at the Pebble Beach Concours d’Elegance was a 1928 Mercedes-Benz 68oS. The winning vehicle was gray with maroon trim and custom body work by famed Parisian coach builder Jacques Saoutchik.

The concours begins at 5 a.m. with the traditional parade of cars onto the 18th fairway of Pebble Beach Golf Links. But the concours is the end to a week of festivities, including tours, shows, car club gatherings, vintage races and several auctions. The week of events celebrated and showed the strength of the classic car market.

According to the New York Times, this weekend, the auctions set a record of $262 million in sales, surpassing last year’s $198 million by a substantial margin.Analysts said the increases indicated a continued strengthening of the classic-car market, despite the fact that fewer cars were offered in the auction this year, and several notable no-sales occurred.

One of the top sales was a 1968 Ford GT40 Gulf/Mirage racecar that was auctioned for $11 million. The sale price of the Ford was said to be the most money every paid for an American car at auction. The week’s top sale was a 1936 Mercedes-Benz 540K Special Roadster that brought $11.8 million in at a Gooding event, setting a record for a Mercedes at an auction, despite the fact it fell short of expectations.

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