The 1937 Alfa Romeo 8C 2900B Touring Berlinetta vehicle is displayed at the Concours d’Elegance in Pebble Beach, Calif., on Sunday, Aug. 26, 2018. More than 20,000 car enthusiasts gathered for the event, where total auction sales were expected to bring in $342 million this year.
Photographer: David Paul Morris/Bloomberg$368 Million of the World’s Finest Cars: Inside the 2018 Pebble Beach Concours d’Elegance
A spectacle of metal unlike any other.
More than 20,000 people descended on the peninsula near Carmel, Calif., this weekend as car collectors and enthusiasts alike gathered for the spectacle of metal that is the Pebble Beach Concours d’Elegance. With an oceanic backdrop, vehicles from decades gone sat alongside new entries in the luxury market, all competing for the attention of the automotive world.
The Concours is the climax to a week of major car auctions. This year, according to Hagerty results, preliminary sales totals reached $368 million—a 12 percent increase from last year. Two record sales dominated the 2018 Monterey auction week: The highest-ever auction price for a car went to the 1962 Ferrari 250 GTO that sold for $48.4 million at RM Sotheby’s, while the most expensive American car sold at auction went to a 1935 Duesenberg SSJ Roadster, which sold for $22 million at Gooding & Co.