Why $301 million worth of cars sold in a single weekend at Pebble Beach

While the 1967 Ferrari NART Spyder captured the spotlight at last weekend's classic car auctions around Pebble Beach, it was only the tip of a $301 million bazaar of selling over the weekend — a 13.5 percent increase from last year's five auto auctions, according to Hagerty's Insurance. Many high-end collector cars zoomed past their estimates and a few set new brand records of their own, such as the McLaren F1 at Gooding & Co. which sold for $8.47 million, and the 1937 Bugatti Type 57SC Atalante at $8.75 million.