Market Intelligence
Monterey Car Week: Ferraris lead the record-breaking week
RM Sotheby’s skips public bidding on a $23M McLaren F1, but Monterey still dazzles with rare Ferraris, Porsches, RUFs, and rally legends.

As we prepare for the glittering Monterey Week, what is RM Sotheby's doing? It's depriving us of the pleasure of witnessing the sale of an automotive icon: the 1997 McLaren F1 "The Silicon"! Bidding for this unique model will be strictly sealed and top secret. Will it reach its estimate of $23,000,000? We may never know. But we can console ourselves, and we do so by starting with RM, which will organize a two-day event whose main theme appears to be "recent" Ferraris.

There are at least nine Ferraris of this type with an estimate exceeding two million, and another couple aiming to surpass one million. Let's start with the most affordable: a 2024 Ferrari 812 Competizione ($1.5-1.7 million) and the Aperta variant from the same year ($2.2-2.4 million). Then a pair of Ferrari F40s: the most expensive ($2.5-2.8 million) from 1992 is nicknamed “Blue Chip” for its non-original color but has technical modifications that bring it closer to the LM, while the red one from 1990 has spent over 35 years in a garage in Southeast Asia and has covered just 360 km. The estimate of $2.4-2.6 million seems strategically low: the low mileage will certainly make it worthwhile, while the necessary complete restoration will do the opposite. A couple more steps: a 2010 Ferrari 599XX Evo ($3-3.5 million) and the last Daytona SP3 produced (over $3.5 million).


