Unveiling the $10 Million Club: The Jaw-Dropping Cars Set to Break Records at Monterey Auction

Monterey Car Week is not your average automotive event; it's an opulent spectacle where the value of luxury automobiles reaches unparalleled heights. Here, a million-dollar car is just a warm-up act, and as we gear up for the 2024 Monterey auctions, the spotlight is on a select few vehicles that are projected to cross the auction block at astonishing prices. This year's lineup features an impressive bunch, with estimates pushing some cars into the dizzying realm of eight-figure value.

In total, seven automotive legends are braced to join the prestigious $10 million club, with Ferrari leading the pack as usual. However, the real race could unfold as one of its legendary rivals vies for the record of the most expensive vehicle sold at Monterey this year, potentially raking in bids exceeding $20 million. So, let's take a closer look at the standout stars entering this lavish automotive arena, and prepare ourselves for jaw-dropping numbers when the bids start to fly.

1997 Porsche 911 GT1 Rennversion

Estimate: $8.5 - $10.5 Million

This stunning 911 GT1 is not just any car; it’s one of only nine customer vehicles ever built, boasting a heritage tied to the classic Le Mans races. This particular model features the iconic Rohr racing livery, a testament to its vibrant history and unblemished provenance. According to auction experts at Broad Arrow Auctions, the vehicle is poised to cross the auction block on August 15. There's no doubt that enthusiasts and collectors alike will be eagerly tracking this auction.

1937 Bugatti Type 57SC Atalante

Estimate: $9 - $11 Million

When it comes to classic cars, Bugatti never fails to turn heads and what better proof than this exquisite Type 57SC Atalante? As one of only 17 models featuring the rare Atalante bodywork, this Bugatti has not only withstood the test of time but has also claimed victory at prestigious events like the Pebble Beach Concours d’Elegance. This magnificent machine, equipped with a powerful straight-eight engine generating 200 horsepower, will be showcased by Gooding & Company on August 16 and 17.

1957 Ferrari 625 TRC Spider by Scaglietti

Estimate: $9 - $11 Million

The classic Ferrari 625 TRC Spider boasts a decorated racing history and a significant engineering lineage. Initially fitted with a 2.5-liter engine, it has been upgraded to a 3.0-liter V-12, while its original engine remains intact, adding to its allure as one of only two with the four-cylinder configuration. Scheduled for auction by RM Sotheby’s on August 16, this Ferrari promises an exciting bidding battle that collectors won’t want to miss.

Ferrari 250 GT SWB California Spiders

1961 Estimate: $15 - $17 Million
1960 Estimate: $16 - $18 Million

Not one, but two Ferrari California Spiders are expected to capture the hearts—and wallets—of many this year. The first, a 1961 model, comes with a relatively low estimate of $15 million and a rich history of ownership while having undergone a color makeover from its original blue to an eye-catching red. The 1960 variant, pitched as the “finest, most important” California Spider available, is attracting a $16 - $18 million estimate.

Furthermore, RM Sotheby’s has noted that this particular 1960 model was showcased by Ferrari at the Geneva Motor Show when it was first built. Both beauties will reduce onlookers to awe with their superiority of engineering and design when they go up for auction.

1938 Alfa Romeo 8C 2900B Lungo Spider

Estimate: $16 - $20 Million

Prepare for the car that might just set a new record. The 1938 Alfa Romeo, hailed for its rarity with only five surviving units, sits at the high end of our chart with an estimate reaching up to $20 million. This is a prestigious vehicle that boasts an illustrious lineage along with shimmering accolades, including past wins at Pebble Beach. With its auction scheduled for August 16, the excitement surrounding its potential sale is palpable.

1955 Ferrari 410 Sport Spider by Scaglietti

Estimate: Exceeds $15 Million

Last, but by no means least, is the very captivating 1955 410 Sport Spider, a remarkable creation revered for both its beautiful lines and illustrious racing background, having been driven by none other than Carroll Shelby. RM Sotheby’s will release details on this fascinating one-off prototype reflecting both road-going elegance and race-ready performance when it goes under the hammer on August 17.

As Monterey Car Week unfolds, all eyes will be glued to the auction block, anticipating which automotive masterpiece will capture the title of the most expensive sale of the week. With staggering estimates and exhilarating histories, these vehicles are undoubtedly the epitome of desirability.