RM Sotheby’s hammers home over $380 million in sales at Monterey Auction

Insight summary

• •RM Sotheby’s 29th annual Monterey auction set a record with over $380 million in total sales.
• •The 1996 McLaren F1 GTR sold for $34,655,000, becoming the most valuable McLaren F1 and British car ever auctioned.
• •The 1963 Chevrolet Corvette Grand Sport sold for $18,705,000, the highest price for a Corvette at auction.
• •A 2026 Ferrari Luce "Tailor Made" raised $40 million for charity, becoming the most valuable new car sold at auction.
• •Bidders from 39 countries participated, with 90% of lots sold and multiple cars fetching above $1 million, including several exceeding $10 million.
• •The auction broke 38 world records and set nine new model benchmarks, with strong demand across all car eras.
• •Key collections sold included the Sam and Emily Mann Collection ($34.9 million) and the Driver’s Philosophy Collection ($53.4 million).