Call it the Concourse L'Argent.
The annual series of car auctions known as the Pebble Beach Concourse d'Elegance, held as always on the famous golf course in Monterey, Calif., shattered its own total sales record this weekend.
The five biggest auctions racked up a sales total of $260.3 million, up from last year’s $197.5 million, according to Hagerty, the collectible-car insurance company and price tracker.
The sales jump came despite the fact that fewer cars were auctioned off this year. Last year, 882 lots were sold, for an average sale price of $223,950. This year, 754 lots sold for an average sales price of $345,272.
That means the average sales price jumped more than 50 percent.
The numbers could go even higher later today or tomorrow, since the early results don’t include post-auction sales of cars that didn’t go at the auction.
The overall numbers weren't the biggest surprise of the weekend. A 1936 Mercedes 540K Special Roadster (see my “ test drive ” here) topped the price list as expected, but it didn’t break the $15 million mark that collectors anticipated. Meanwhile, a 1960 Ferrari nearly staged an upset, coming in a close second place at $11.2 million.
Here are the top 10 sellers for the auctions run by Gooding, RM, Mecum, Bonhams, Russo and Steele.Page 1 of 2 | Next Page