September 2026

THE RESERVE REPORT

A concise monthly read on modern collector-car price discovery, supply and the transactions that are actually moving the market.

September 2026

Executive Read

The broad collector-car market entered September with record dollar volume behind it, but the relevant story for modern-exotic collectors is concentration: rarity, specification, mileage, provenance and presentation are widening the spread between average cars and best-in-class examples.

August Auction Sales$1.01B
YoY Dollar Volume+51%
Monterey 2026 Sales$751.3M
Cars Sold at Monterey850
The XII Reserve View

Selection, not blanket exposure.

The upper end of the market is rewarding scarce, culturally important and difficult-to-replace cars. Newer, higher-production exotics remain much more dependent on disciplined entry price.