The 2016 Monterey auction week is one of the most anticipated automotive auction events in recent memory. Economic uncertainty abroad, an upcoming election at home and mixed results at collector car auctions so far this year have everyone wondering how the year’s biggest auction event will play out. Now that the consignments have been announced and the presale estimates set, we can make some predictions. In short, the value of totals this year is likely to decrease. $396 million was the total last year, but given current trends, $370 million is a more reasonable expectation.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2016/08/05/graph-of-the-week-monterey-auction-totals-and-2016-prediction