The Reserve Report

THE RESERVE REPORT - AUGUST 2026

Monterey turned the volume dial to one billion.

Historical Coverage
Historical coverage series. This report was prepared on October 7, 2026 using period-correct public market data. The August 2026 label describes the coverage period, not the original publication date.
Executive Read

Monterey turned the volume dial to one billion.

August became only the second billion-dollar auction month in the tracked series. Monterey accounted for $751.3M - 74.4% of the month's dollars - from just 14% of the cars sold. Online auctions simultaneously posted a record $255.2M month.

DOLLAR VOLUME$1.01B
VS. 2025+51%
AVG. PRICE$166K
SELL-THROUGH75%

Selected public price discovery

Model / MarketResultMileage / DetailContext
2019 Ferrari 488 Pista Spider$1.8425M701 miMecum Monterey - Aug 15
Porsche 918 Spyder$4.017M204 miPublic sale - Aug 6
Porsche Carrera GT$3.575M-$3.721M3.5k-3.8k miMonterey selected sales
Porsche Carrera GT$4.568M9.2k miRare Fayence Yellow specification
Ferrari F12tdf$3.635M-$3.6575MselectedAugust public sales

What the tape says

Monterey reasserted the live-auction ceiling

850 cars sold across five auctions for roughly $751M, with 114 market records set over the weekend.

Modern cars carried enormous dollars

Cars from the 2020s generated the same $147.7M as 1960s cars at Monterey, but did it with 53 cars instead of 182.

Pista Spider reset the public high

The 701-mile example at $1.8425M became the highest recorded Pista Spider sale in the referenced data set.

The Twelve Reserve view

August made one principle unavoidable: rarity and replacement difficulty were being monetized. The market was not simply busier - it was allocating more money to fewer exceptional cars. That makes comp selection more important, not less.

Individual results are reference points, not universal valuations. Mileage, specification, originality, history, condition, venue and timing all matter.