Rick Cole Monterey Classic Car Auction Grosses $4 million

08/29/96

Over 70% of the classic/vintage cars offered at the Monterey Rick Cole auction went to buyers, as $4 million in sales were recorded. Highlight of the sale was a 1936 Mercedes Benz 500K Cabriolet C which sold for $215,000 and a Mercedes 300SL Roadster that brought $145,000. Other "pricey" historic cars:

1975 Porsche Grand Prix car                   $201,400
1939 Lagonda Rapide wood bodied                180,200
1971 Ferrari 365 GTB/4 Daytona                 124,550
1930 Cord Convertible                          121,900
1963 Ferrari 250 GT Lusso                      121,900
1972 Ferrari  Dayton                           116,600
1951 Delahaye 135-M Cabrio                      87,890
1984 Ferrari 512 Boxer Coupe                    84,800

Cole auctions have raised over $500,000 for Monterey charities and this year's event attracted 60,000 collectors and hobbyists.

Bill Maloney -- The Auto Channel