Once again, it’s time to compare my price predictions to the actual auction results. The GMC Syclone and the 1979 Ferrari 308 GT4 Dino came in exactly as expected. I was way off on the Corvettes; I over-estimated the ’85 and ’57 4-Speed (an amazing bargain for someone). The ’95 Ferrari 348 Spider and the IROC went for slightly more than I’d predicted – and worth every penny. Bottom line: the market is softening more quickly than I’d anticipated. Monterey Car Week could be the start of a dramatic market correction – or its last hurrah. One way or another, sooner or later, “tulip mania” prices are coming to an end.
| Car on Auction | Price Prediction | Hammered Price |
| 1986 Jalpa | $80k | Bid goes on |
| 1985 Corvette | $31,200 | $16,700 |
| 1995 Ferrari 348 Spider | $52 – $57k | $67,500 |
| 1979 Ferrari 308 GT4 Dino | $57 – $65k | $60,000 |
| 1968 Porsche speedster Replica | $71- $75 | $62,000 |
| 1972 Ferrari GTC4 | $235-$250k | No Sale $201,000 |
| 1957 Chevrolet Corvette 4-Speed | $85 – $105 | $60k |
| 2005 Ferrari F430 6-Speed | $195-$205k | $188,000 |
| 1991 GMC Syclone | $85K | $80k |
| 1989 Chevrolet Camaro IROC-Z | $29k-$34K | $37,500 |
