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Jaguar D-Type sells for $21.78m at RM Sotheby’s 2016 Monterey auction

Jaguar D-Type sells for $21.78m at RM Sotheby’s 2016 Monterey auction Classic and Performance Car

Jaguar D-type sells for $21.78m, while ‘CSX 2000’ Shelby Cobra makes $13.75 million – setting records for both models

The first day of sales for RM Sotheby’s at this year’s Monterey auction has resulted in two significant records being set – for the most expensive American car ever sold at auction, as well as the most expensive British car sold at auction.
The 1955 Jaguar D-Type, which won Le Mans in 1956, sold for $21,780,000, the highest price ever paid for the model at auction. It’s also the most expensive British-built car ever sold at auction, eclipsing the previous $14.3m record set by RM last year with a DB4 GT Zagato.
Next up on the list of 2016’s Monterey record breakers is CSX 2000. This is Shelby’s first ever Cobra, and is arguably one of the most important cars of all time. Bearing this in mind, then it’s perhaps not a surprise that bidding was fierce, ending at $13.75million setting another world record for a Cobra, and any car built in the USA. 
A further sale highlight and record breaker was the 1955 Ferrari 750 Monza Spider, chassis no. 0510 M, driven by the big three of American racing in period: Phil Hill, Carroll Shelby and Jim Hall. Hall has been the custodian of the model for 60 years, and it sold for $5,225,000 – the most ever paid for the model.
‘Tonight’s records for any British car, any American car, and for a Ferrari 750 Monza demonstrate that collectors remain prepared to part with significant sums to secure the rarest, fresh-to-the-market automobiles,’ says Ian Kelleher, Managing Director, RM Sotheby’s West Coast Division. ‘These outstanding prices achieved at our flagship sale are a reassuring sign that the market remains healthy and vibrant.’
RM Sotheby’s two-day auction continues tonight.

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