Monterey 2011 came and went with more questions asked than answered. Most of us expected the very top of the market to do extremely well, and with more than thirty million dollar-plus cars sold and a total of $200 million in sales, that is precisely what happened. If you consigned a well-preserved, original example of an elite collector car or a true No. 1 restored example of a blue chip car, invariably, you did well. Solid driver-quality examples of more common cars, however, struggled. There were some downright scary results among some of the no-reserve lots at Russo and Mecum.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/Articles/2011/08/25/Questions-about-the-state-of-the-entry-level-collector-car-market