9 Cars That Caught Our Eye at the 2024 Broad Arrow Monterey Jet Center Auction

Broad Arrow’s 2024 Monterey auction, held at the Monterey Jet Center, achieved $69.5M in total sales, and 129 out of 156 lots sold for an 83 percent sell-through rate and an average sale price of $538,778. These results are similar to Broad Arrow’s first two years on the peninsula, though total sales were noticeably higher than the $55M achieved in 2022 and ’23.

As elsewhere in Monterey this year, though, results were mixed. Cars at the higher end struggled more on the block. Some of the stars of the sale, like the 1913 Mercer Raceabout and the 1938 Talbot-Lago Teardrop Coupe, failed to meet reserve. That said, record prices were broken for a Mercedes-Benz 560SL and a RUF-modified Porsche. We look at the most interesting sales from the auction in detail below.

Lot 120: 1987 Lamborghini Countach 5000 QV

Sold for $802,500

Chassis no. ZA9CA05PXHLA12204. White over white leather. Unrestored original, #2- condition.

Equipment: 5167cc V-12, 5-speed, white OZ Route wheels, Pirelli P Zero tires, wing, power windows, air conditioning, Alpine cassette, Alpine car phone.

Condition: Represented as one of 66 fuel-injected North American market cars. Polo Storico certificate. Class winner at Amelia this year. Showing 9639 believable km (5989 miles), but also got a $140,000 mechanical refurb in 2021-22. There are some scratches on the mirrors and paint cracks on the engine cover, but the exterior is mostly gorgeous. The engine, hoses, and wires look new. The interior appears similarly fresh. A couple of small details aside, it’s a spectacular example.

Bottom line: Few things scream ’80s excess more than a white-on-white Countach. The colors and the condition here resonated with bidders more than for most cars at this sale. Lamborghinis in general outperformed most other cars in Monterey this year, with many sold at the high end or beyond their estimate ranges and price guide values. This is another example, and it brought even more than the $704,000 it sold for on Bring a Trailer nearly a year ago.

Lot 144: 1989 Porsche 911 Turbo Slantnose Targa

Sold for $555,000

Chassis no. WP0EB0932KS060091. Guards Red over Cashmere Beige piped in red. Unrestored original, #2- condition.

Equipment: 3299cc flat 6/282hp, 5-speed, black Fuchs wheels, side intakes, power windows, air conditioning, Alpine cassette, boost gauge, root wood dash trim, center console, sport seats, short shifter, books, tool kit, air pump.

Condition: Showing 7949 miles. Represented as one of just eight sold in the U.S. market and as matching numbers. Paint is showing age but no big flaws. Clean wheels and tires. Very light wrinkling to the seats and wear to the shifter but mostly gorgeous. As 930s go, this is about as rare a configuration as you’ll find, and it has barely been driven. There are three red 930 slantnoses here, but this one is the most valuable.

Bottom line: The 1989 model year was the last for the 930, and the only year when Porsche’s G50 5-speed did the shifting instead of the old 4-speed. The Targa body style was also only available on the 930 for the model’s last three years, and a genuine factory slantnose is a rare find. Clearly, then, this car ticks a lot of boxes. In fact, it’s so nice that it broke a record twice: It sold for a record $511K in Scottsdale two years ago. Nobody paid more for a 930 slantnose until it sold again here in Monterey.

Lot 118: 1999 Ferrari 550 Maranello

Sold for $268,800

Chassis no. ZFFZR49A6X0114824. Grigio Ingrid over Bordeaux leather with Crema piping. Unrestored original, #3+ condition.

Equipment: 5474cc V-12/485hp, 6-speed, Pirelli P Zero tires, Daytona-style seats, Kenwood CD.

Condition: Rare, interesting colors I’ve never seen before on a 550. Represented with a clean CARFAX and a belt service done last month. Showing 15,167 believable miles. There are some chips on the nose as well as a small blemish on the right front fender, plus a few scratches and scuffs on the wheels. The edge of the driver’s side door has some dings also. The seats show light wear and so do the switches, though they aren’t the “sticky switches” endemic to Ferraris of this era. The low miles and the colors make this car interesting, but this Ferrari hasn’t led a perfectly pampered life.

Bottom line: Color trumped condition here, as this price is normally what a babied low-mile 550 finished in, say, Rosso Corsa over black would normally expect to sell for.

Lot 163: 1973 Porsche 911 T Coupe

Sold for $85,120

Chassis no. 9113102789. Aubergine over black. Unrestored original, #3 condition.

Equipment: 2341cc flat-6/130hp, 5-speed, Fuchs wheels, Pirelli P4000 tires, no radio.

Condition: Recently serviced and detailed. Paint on the nose is blistered and chipped. Wheels are aged, and there is a small dent on the driver’s door. Lots of scratches and crazing on the tail and engine cover and the whole driver’s side of the car. Lovely original upholstery, while the dash and gauges show light fading. Tidy, but used and unrestored engine. An unrestored long hood 911 in a rare, attractive color.

Bottom line: The “T” was the base model 911 during this period, but this car’s preservation and its rare, attractive color (which excites Porsche people more than any other group) was enough to boost it to a mild premium over an otherwise average driver-quality ’73 911 T.

Lot 231: 1901 Panhard et Levassor 7 HP Rear Entrance Tonneau

Sold for $307,500

Chassis no. 2881. Green over burgundy leather. Older restoration, #3+ condition.

Equipment: 1650cc/7hp twin, 3-speed, artillery wheels, Dunlop tires, bulb horn, Phare Ducellier driving light, wood toolbox, dual chain drive.

Condition: Discovered in the basement of a castle in the 1990s and restored. Multiple London to Brighton veteran and finisher. Older paint. Small dent in the driving light. Signs of use underneath. Dry, mildly cracking leather in the back. The perfect amount of wear and tear for a car like this.

Bottom line: Panhard et Levassor was among the world’s earliest large-scale carmakers, selling its first automobile in 1890. Panhards are a popular choice for the London to Brighton Veteran Car Run, which is only open to automobiles built before 1905. It’s an increasingly popular event, and good, eligible motorcars aren’t exactly easy to come by. This one sold very well, exceeding its estimate and bringing a similar price to what previous owners paid for it. It sold at auction in 2007 for $297,000, and again in 2014 for £259,100.

Lot 249: 1953 Cunningham C3 Coupe

Sold for $775,000

Chassis no. 5211. Black over red leather. Older restoration, #2- condition.

Equipment: 331-cubic inch/310hp Chrysler FirePower Hemi V-8, column shift 3-speed manual, wheel covers, original radio with rear seat speaker, heat and defrost, wood-rim steering wheel.

Condition: Ordered new by American enthusiast Bill Burden (a grandson of Cornelius Vanderbilt who commissioned Harry Miller’s V-16 road car). Restored in the 2000s but returned to its original black color more recently. Excellent paint and chrome. The rubber around the windshield frame is inconsistent. The driver’s seat bottom is a little flat but the interior mostly looks gorgeous. A rare American race car for the road, in mostly stellar shape.

Bottom line: This C3, one of only about three dozen built, sold in Monterey back in 2006 for $374,000 and then at Gooding’s Pebble Beach auction in 2012 for $341,000. Broad Arrow then sold it here last year out of the Gateway Automobile Museum collection for $610,000, though it was still finished in light yellow and had wire wheels then. Returning it to its original specs was a good move, then, not just for authenticity but also for value. The bidders also recognized this as the rare buying opportunity it is. You can’t count on a Cunningham coming to market. You have to wait for it.

Lot 149: 1991 Koenig-Specials C 62

Sold for $522,000

Chassis no. W09C62214MMK23001. Red with white graphics over black and blue. Unrestored original, #3+ condition.

Equipment: 3.4-liter/550hp twin-turbo six, 5-speed, aluminum monocoque, carbon-Kevlar body, TechArt leather interior.

Condition: Represented with 2600 km (1616 miles) and as one of three built. Sold for over $1M when it was new. Shows a lot of chips and scrapes on the front lip, inevitable given how low it is. Big crack in the right door. A few blemishes in the wheels and generally aged paint.

Bottom line: Koenig Specials GmbH is mostly known for tuning and fitting wild 1980s body kits to Ferraris, Mercedes-Benzes, and even Jaguar XJ-Ss. This Group C Porsche for the road, though, was probably their most ambitious project. Not quite a 962 race car defanged for the street, it uses a slightly tamer 911-based engine, new body panels with higher fenders and headlights, different suspension, and air conditioning. It cost about $1M to buy one of these hardcore street machines new, and though Koenig planned to build 30 copies, they completed just three. This one was for sale through a dealer a couple of years ago for $995K. Given that, the rarity, the speed, the price when it was new and the awesome interior, it seems like a great value at $522K.

Lot 214: 2005 Porsche Carrera GT

Sold for $1,187,500

Chassis no. WP0CA29875L001120. GT Silver over Ascot Brown leather. Original, #2- condition.

Equipment: 5733cc/605hp V-10, 6-speed, luggage, yellow calipers.

Condition: Represented with a rather high (for a Carrera GT) 23,643 miles, and shows a surprising (again, for a Carrera GT) number of chips, scuffs and scratches on the nose and hood. The seat bottoms are also a little flat, the steering wheel is a little worn, and the leather-covered console shows rubbing in several spots. A used car by the standards of these analog hypercars and finished in unremarkable colors, but any Carrera GT is desirable.

Bottom line: Carrera GTs were one of the biggest winners of the pandemic boom. From the beginning of 2020 to their peak in the middle of 2022, they more than doubled in value—record prices were achieved on what seemed like a monthly basis. Now, they appear to be softening. In 2023 and early 2024, many low-mile condition #2 examples (which is most of them) were selling in the $1M range or more. In recent months, though, Carrera GTs have been selling for lower numbers, including this one. The only big recent exception was Mecum’s 2000-mile Carrera GT, which sold the same week for $1.575M.

Lot 127: 1972 Lamborghini Miura SV

Sold for $2,700,000

Chassis no. 5048. Silver over blue leather. Older restoration, #2- condition.

Equipment: 3929cc/385hp V-12, 5-speed, split sump, Campagnolo wheels, Pirelli Cinturato tires, power windows, factory air conditioning.

Condition: Genuine SV. One of 150 built and just 96 split-sump cars. Represented as matching numbers engine. Caught fire in London in 2013 and was extensively damaged, then it received a restoration in Italy overseen by Lamborghini test driver Valentino Balboni. Silver was an odd color choice but the paint looks very good, as does the interior. There are some dings in the side intakes located near the bottom of the car, though.

Bottom line: This Miura was yellow when it famously caught fire on video more than a decade ago. It would have been worth less than a million dollars then, but the Miura market is an entirely different animal from what it was 11 years ago. Top-spec SV models can be worth in the high-$3M or over-$4M range, but given this one’s history and color change, the lower result makes sense.