Top 5 Most Expensive Cars Sold During 2016 Monterey Car Week

Jason Siu
by Jason Siu

It may not have been a record-setting year for auctions at the 2016 Monterey Car Week, but there were still plenty of cars that fetched millions.

Overall, sales at this year’s auctions in Monterey fell 13 percent compared to last year, pulling in a total of $345 million. That’s well under the $396 million from last year and was even less than the $370-million expectation. According to Hagerty however, the average sale price of $479,643 was higher than last year’s $456,067.

2016 Monterey Car Week Coverage

There were still some record-setting auctions and here are the top 5 most expensive cars that crossed the auction block at the 2016 Monterey Car Week.

5. 1960 Ferrari 250 GT SWB Competizione Coupe

Netting $13.5 million, this 1960 Ferrari 250 GT SWB Competizione Coupe is one of the first Competition SWB Berlinettas ever built. It was driven by Hugus and Pabst to a seventh overall finish at the 1960 24 Hours of Le Mans and has matching numbers for the engine and gearbox. It received a complete restoration by GTO Engineering and has been consistently maintained since.

4. 1962 Shelby Cobra 260 Roadster

Some expected the 1962 Shelby Cobra 260 Roadster to set a record, being the first ever Shelby Cobra. Known as CSX 2000 and offered by the Carroll Hall Shelby Trust by RM Sotheby’s, the Cobra sold for $13.8 million and while that’s a far cry from the record-setting Ferraris, it has become the most expensive American car ever sold at auction. The previous record was set by a 1968 Ford GT40 that went for $11 million in 2012.

3. 1959 Ferrari 250 GT LWB California Spider Competizione

This 1959 Ferrari 250 GT LWB California Spider Competizione sold for $18.15 milion at the Gooding & Company auction. It was fifth overall at the 1960 12 Hours of Sebring and is one of only nine alloy-bodied LWB California Spiders in existence. It was also the Platinum Award and Competizione Cup Winner at the 2011 Cavallino Classic.

2. 1939 Alfa Romeo 8C 2900B Lungo Spider

Another top seller from the RM Sotheby’s auction was the 1939 Alfa Romeo 8C 2900B Lungo Spider. Offered by the Sam & Emily Mann Collection, the 1939 Alfa Romeo 8C was the Italian equivalent of the Bugatti Atlantic and was widely considered the ultimate Italian sports car of its generation. It is one of approximately 12 extant Touring Spiders and is the first “Immortal 2.9” to be offered at a public auction this century. It sold for $19.8 million.

1. 1955 Jaguar D-Type Roadster

This legendary overall winner of the 1952 24 Hours of Le Mans sold for $21.8 million at the RM Sotheby’s auction. The 1955 Jaguar D-Type Roadster was originally raced by Scottish racing team Ecurie Ecosse and has had just two private owners since Ecurie Ecosse. As the only Le Mans-winning C- or D-Type that has survived intact and remained essentially original to its winning form, it’s no surprise that it was the most expensive car to cross the auction block at the 2016 Monterey Car Week. It also set a record for the most expensive British car ever sold at auction and is the fourth British-made car to go for over $10 million. The previous record was held by a 1963 Aston Martin DB4 GT Zagato that fetched $14.3 million last year.

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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