RM Auctions sees 20 cars sell for $1 million or more in Monterey

If there's a recession afoot, no one told the bidders at Saturday's RM Auctions sale. A total of 13 cars went home to new owners for $1 million or more, including a 1956 Ferrari 250 GT LWB Berlinetta TdF at $6.71 million. The '56 was hardly the star of the evening, however, as 1962 Ferrari 250 GT short-wheelbase California Spyder fell under the gavel at $8.58 million. The Italian automaker only built 37 250 GT SWB Spyders with covered headlights, and this particular example has the benefit of being both Ferrari Classiche-certified and a Pebble Beach Concours d'Elegance class winner.

A road-going 1967 Ford GT40 Mk I went home to the tune of $2.86 million, while the 2001 Bentley Speed 8 Le Mans Prototype took in $2.53 million. A number of race cars crossed the stage on Saturday, including a '64 Shelby 289 Competition Cobra, which sold for $1.32 million. Check out the full press release below for a complete list of the 13 $1 million-plus sales on Saturday.

The day prior, the auction house moved an additional seven examples for more than $1 million, bumping the total number of vehicles to crest the seven-digit mark to 20. As the auctioneer so poignantly underscored, "It's only money, gentlemen. You can always make more on Monday."
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