We present the 5 most expensive cars sold at the 2018 Monterey Car Week. It was nothing short of a record-breaking event. Monterey Car Week featured the most expensive American car to be ever sold at an auction. But it was during the auction at RM Sotheby’s that a vintage Ferrari exchanged hands for a staggering $48M!

But why are vintage race cars selling for so much money compared to modern hypercars such as the Ferrari LaFerrari or the iconic Bugatti Veyron? The auctions at Gooding & Company and RM Sotheby’s were able to dispose a pair of Ferrari LaFerrari cars for over $3M during the 2018 Monterey Car Week. It may still sound like a lot of cash for a modern hypercar, but the amounts were below the current valuation indicated in the Hagerty Price Guide.

Would you pay an exorbitant amount of cash for a vintage racing car? How much is too much? How do collectors determine the right price to pay for an exotic vehicle? Find out which vintage race car is the most expensive sold at auction in the history of the automobile along with other record-breaking moments at Automoblog.net: https://www.automoblog.net/2018/09/01/2018-monterey-car-week/