Bonhams, Quail Lodge, Carmel Valley, California, August 14, 2015
Bonhams had little hope of following up last year’s blockbuster two-day Quail Lodge auction featuring the Maranello Rosso Collection and Ferrari 250 GTO s/n 3851GT. With 105 lots sold in 2014 for a total of $107.5 million (and $38,115,000 of it in a single car, the GTO) it was like trying to follow Bob Hope and Marilyn Monroe at a war zone USO show.
What Bonhams did, though, was almost as remarkable, clicking off a total of $44,285,600, 6.7% better than its Friday total in 2014 of $41,550,100, an increase of just over 42% from the 2013 Quail Lodge auction and 380% over 2012’s $11,663,070.
They did it with little fanfare and headline cars – other than the Ferrari 250 GT Interim Berlinetta s/n 1519GT sold for $8,525,000. Just nine cars sold on hammer bids of over $1 million and five between $500,000 and $1 million. Rather, the result was achieved with a succession of quality, and oftentimes highly unusual, cars like the Veritas Scorpion Cabriolet, the well-used and never-restored Miura s/n 3057 or the highly original BMW 3.0CSL s/n 2275024.
Here are the numbers:
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Bonhams Quail Lodge 2015 – Auction Report
Lot # 1 1972 Alfa Romeo Montreal Coupe, Body by Bertone; S/N 1426423; Engine # 15426378; Gold/Gold cloth; Estimate $100,000 – $140,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $87,500 plus commission of 10.00%; Final Price $96,250. No Reserve. Campagnolo wheels, Pirelli tires, SPICA mechanical fuel injection, woodrim steering wheel, power windows, Philips stereo, air conditioning. – Registered in Italy until earlier this year and a two-owner car from new showing 80,738 km. The single repaint in the original color is spectacular other than a small scuff just near the right headlight. Rear hatch fit is a bit off, as are the doors. Tidy but original engine bay and underbody. Clean interior other than some dull switchgear and lightly worn upholstery. A mostly original and quite well kept Montreal in an unusual but very 1970s color combination. – For a rare Italian thoroughbred with attractive Bertone-penned bodywork and a powerful V-8 derived from Alfa’s endurance racers, this seems like a low price, but it is actually a very strong result for a sound but imperfect example. The consignor, who was selling a car at auction for the first time, was a bit nervous at getting assigned Lot Number 1, but in the end he should be very pleased with the transaction.Lot # 2 1971 Maserati Ghibli SS Coupe, Body by Ghia; S/N AM115492110; Engine # AM115492110; Black/Brown leather; Estimate $220,000 – $260,000; Visually maintained, largely original, 3 condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000. With Reserve. Alloy wheels, Michelin XWX tires, cassette stereo. – Good older paint and chrome from a 1990 restoration in Europe. Dry, cracked original upholstery. Clean, original engine compartment and underbody. Usable but aged. – The Ghibli was a worthy alternative to a Daytona when new, with comparable performance and beautiful Ghia coachwork. That today’s collectors can buy four Ghiblis like this sound and apparently consistently maintained example for the price of a comparable Daytona is something of a bargain, even if it is representative of the current market.Lot # 3 1989 Porsche 911 Carrera Speedster; S/N WP0EB0911KS173142; Engine # 64K05632; Guards Red/Black leather; Estimate $175,000 – $200,000; Unrestored original, 2- condition; Hammered Sold at $150,000 plus commission of 10.00%; Final Price $165,000. No Reserve. Fuchs wheels, BF Goodrich tires, snorkel brake light, VDO dash clock, Blaupunkt cassette stereo, power windows, climate control, Porsche CofA, clean CarFax, tool roll, books, jack. – A handful of chips on the nose but otherwise very good paint. Visibly but very lightly worn seats. Very tidy engine bay. Showing 20,146 miles, this is yet another ’89 Speedster with low miles and almost no wear coming to auction. – Just a little over 800 of these Speedsters were built and for years a lot of people didn’t take them very seriously, but thanks to a huge spike in value (even by the standards of the recent Porsche market), they have been frequent sights at auction over the past couple of years. Other recent Speedster sales have brought over $200,000, but this no reserve sale was a more modest result. Although this is several times what a mechanically identical Cabriolet from the same years would bring, the buyer should be pleased.Lot # 6 1971 Ferrari 365 GTC/4 Coupe, Body by Pininfarina; S/N 14871; Engine # 14871; Silver/Red cloth, Black leather; Estimate $275,000 – $325,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $295,000 plus commission of 10.00%; Final Price $324,500. With Reserve. Becker Mexico cassette, P/W, A/C, chrome Borranis, Michelin XWX tires. – Good but sometimes erratically masked repaint. Fresh interior in a custom pattern. Clean underbody with old undercoat. Good chrome. Clean underhood, with a new brake booster. A clean, attractive, visibly well maintained C/4. – Once upon a time C/4s were overlooked and affordable, despite having much the same drivetrain as a Daytona and more room inside for kids or friends. They are still affordable, but only in terms relative to Daytonas and Lussos. The custom seat upholstery in this example is somewhat startling, but probably very comfortable. The price is representative of today’s C/4 market.Lot # 9 1973 Alfa Romeo 2000 Veloce Spider, Body by Pininfarina; S/N AR3041888; Giallo Pagoda/Black vinyl; Black top; Estimate $25,000 – $35,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $29,000 plus commission of 10.00%; Final Price $31,900. No Reserve. SPICA fuel injection, steel wheels, Michelin tires, woodrim steering wheel, pushbutton radio, black vinyl boot cover. – Original engine bay. Very good paint. Dull bumpers. Dull original brightwork. Very good interior with some wear on the seats. Given a single repaint and boasting $7,000 in mechanical servicing two years ago, before which it had remained in the same family since new. Stated to be 18,369 miles from new, it’s a mostly original car that would make a great driver. – Sold here two years ago from the original family ownership for $24,750, there is a premium for low mileage and originality for a car in this kind of lightly worn condition, but the premium here was excessive. The seller here made back nearly the entire $7,000 in service bills, a rare feat. The buyer got a sound car with a benign history, but paid full retail for it.Lot # 11 1949 Veritas Scorpion Cabriolet, Body by Spohn; S/N 5218; Engine # 328011601BMW; Metallic Dark Grey/Dark Grey leather; Black cloth top; Estimate -; Older restoration, 2- condition; Hammered Sold at $825,000 plus commission of 10.00%; Final Price $907,500. With Reserve. 1,988cc/100hp BMW 328 inline six-cylinder with three Solex carbs, 5-speed, ivory rim banjo spoke steering wheel, centerlock disc wheels, rear wheel skirts. – A very rare car bodied by Spohn with an imaginative envelope body dominated by exaggerated curved front fender vents that emulate the curve of the front fenders. DeDion rear axle, independent front suspension. A dramatic car with rollup windows and a padded top for touring comfort, believed to be one of only two in the U.S. Known history in the U.S. since about 1963, restored in the early 90’s, third in class at Pebble Beach in 1992. Very good paint, chrome, interior and top. Restored like new some time ago and still very good. – What’s it worth? What the bidders here paid for it, and a meaningful notch below a better known BMW 328 that isn’t nearly this distinctive visually. It is so rare and individual that even Bonhams couldn’t put a pre-sale estimate on it. A car that comes close to earning the often misapplied term ‘unique’.Lot # 15 1972 BMW 3.0CSL Coupe, Body by Karmann; S/N 2275024; Engine # 2275024; Polaris Silver, Blue vinyl accent/Black vinyl, cloth; Estimate $190,000 – $230,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000. With Reserve. Becker Grand Prix multiband radio with Becker Olympia cassette, leather rim Alpina steering wheel, Simpson competition lap belts, sport seats, power windows, alloy wheels, Michelin XWX tires. – Decent repaint over old paint with a minor chip or two. Orderly unrestored engine compartment. Vacuum hose disconnected from something and plugged with a wad of rubber glove. Underbody has old undercoat with a little surface rust. Very clean trunk over and under the carpet. Flush panels, even gaps. Good but not fresh chrome. – This is a delightfully original CSL, even with the repaint, and it is impressively equipped. The plugged vacuum line is troubling and probably means a diaphragm in the sensor to which it ran is leaking, a fix that may be simple or may be expensive. It is unusual to find a CSL that hasn’t been Batmobiled, and this is an honest, rare car, but it brought a magnanimous price.Lot # 18 1989 BMW M3 Coupe; S/N WBSAK0300K2198332; Red/Black; Estimate $60,000 – $75,000; Unrestored original, 2- condition; Hammered Sold at $87,500 plus commission of 10.00%; Final Price $96,250. With Reserve. BBS wheels, Toyo tires, sunroof, rear spoiler, power windows, tinted glass, air conditioning, factory cassette stereo. – Some light curb rash on the wheels. Spectacular original paint that looks two years old, not 26. Seats show light but noticeable signs of use. Otherwise the interior is fantastic. Not flawless, but close. Two-owner car represented as just 10,745 miles from new and nothing in its condition disputes that claim. – The E30 M3 has recently made the transition from “future classic” to full-blown collectible as shown by recent auction results and this car’s presence at Quail Lodge. By the standards of two years ago, this result would be stupefying. While still very strong and quite expensive, it isn’t quite so crazy in 2015.
Bonhams Quail Lodge 2015 – Auction Report Page Two
Lot # 21 1987 Ferrari 328 GTS Spider, Body by Pininfarina-Scaglietti; S/N ZFFXA20A8H0067927; Engine # 01012; Red/Beige leather; Estimate $75,000 – $100,000; Unrestored original, 2- condition; Hammered Sold at $75,000 plus commission of 10.00%; Final Price $82,500. No Reserve. A/C, Blaupunkt cassette stereo, Pirelli tires, tool roll, jack, spare keys, owner’s manual, service records. – Very clean and essentially like new. Underbody appears to have been resprayed with undercoat. Driver’s seat is barely worn. Major service a year ago, then a belt service this year. 25,729 miles from new – Generously priced even as a well maintained, low miles, fully original example, but still an attractive car and no more expensive than it deserves to be.Lot # 23 1982 Jaguar XJR-5 IMSA GTP; S/N 001; White, Green/Black; Estimate $450,000 – $550,000; Competition restoration, 2 condition; Hammered Sold at $360,000 plus commission of 10.00%; Final Price $396,000. With Reserve. – The first XJR-5 built by Group 44, finished 3rd at Elkhart Lake driven by Bob Tullius and Bill Adam in its first race. Restored to as-built condition by Jim Busby and Rick Knoop with Ed Pink built 625hp engine. Good cosmetics, mechanically clean and fresh. – Offered by Mecum here in Monterey in 2013 where it was reported bid to $475,000. It is in essentially the same condition now as it was then, but with its seller more reasonable after two further years’ ownership. It is a lot of car for the money but after sitting will require extensive and careful attention before unleashing its 625hp.Lot # 28 1953 Fiat 8V Supersonic Coupe, Body by Ghia; S/N 106000049; Engine # 104000000085; Blue-Green Metallic/Beige leather; Estimate $1,800,000 – $2,400,000; Concours restoration, 1 condition; Hammered Sold at $1,650,000 plus commission of 10.00%; Final Price $1,815,000. With Reserve. Chrome full wheel covers on Borrani wire wheels. – One of twenty Supersonics built by Ghia to a design by Giovanni Savonuzzi of which fifteen were Fiat 8Vs (one of the three XK 120 Jaguar-based Supersonics was at RM’s Monterey auction, a profusion of Supersonics.) Sold first to Chrysler president K.T. Keller, then to Lou Fageol. Excellent paint, chrome, interior and glass. A show quality restoration with its original engine to better than new condition. – A breathtaking piece of futuristic, elaborate, streamlined Italian coachwork by one of the masters of that particular art, Giovanni Savonuzzi. Although only 20 were similarly bodied their visual impact has ensured their survival and they are not, as the presence of two Supersonics in the Monterey auctions shows, all that unusual. They are, however, marvelous and this is a representative price for an 8V.Lot # 30 1973 Porsche 911S 2.4 Targa; S/N 9113310054; Engine # 6330143; Ivory White/Tan vinyl with houndstooth cloth inserts; Estimate $220,000 – $260,000; Older restoration, 2 condition; Hammered Sold at $160,000 plus commission of 10.00%; Final Price $176,000. No Reserve. Bosch fuel injection, 5-speed, Fuchs wheels, BF Goodrich tires, Hella driving lights, sports seats with headrests, VDO dash clock, Blaupunkt pushbutton stereo, glass rear window. – Very clean detailed engine bay, represented as matching numbers engine. Very good paint. Slightly dull exterior plastic. Excellent interior. Restored in the early 2000s and still quite good. A very strong 911S from the final year of the long hood, small bumper 911 that ticks all the right boxes. – In today’s hot market for early long hood 911s this top-spec 2.4 S glass window Targa could have brought more than the successful high bid without being expensive, but not as much as Bonhams’ low estimate. It’s a very desirable, fast car, relatively rare and the roof comes off. It’s hard to beat that combination in an early 911, especially at this price.Lot # 32 1985 Ferrari 288 GTO Coupe; S/N ZFFPA16B000054243; Engine # F114B00100; Red/Black leather, Red cloth; Estimate $2,500,000 – $3,000,000; Visually maintained, largely original, 2 condition; Hammered Sold at $2,150,000 plus commission of 10.00%; Final Price $2,365,000. With Reserve. 5-spoke modular wheels, BFG g-Force tires, air conditioning, Ferrari Classiche certified – Interior shows a little age consistent with the 7,504 miles on the odometer. Paint is flawless. Belt serviced two years ago. A Grey Market car, it comes with a 1989 USDOT safety compliance letter. – Exhilarating performance from the first of Ferrari’s signature supercars makes the 288 GTO highly sought. It’s probably unlikely that its performance will be exploited, but it’s nice to know it’s there, particularly at this price which is representative of 288 GTO values these days.Lot # 35 1973 Maserati Bora 4.9 Coupe, Body by Giorgetto Giugiaro; S/N AM11749594; Engine # AM1071149594; Black, Brushed stainless steel roof/Tan leather; Estimate $130,000 – $170,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $160,000 plus commission of 10.00%; Final Price $176,000. No Reserve. 4930/330hp, four Weber carbs, 5-speed, Campagnolo wheels, Michelin XWX tires, power windows, leather-wrapped steering wheel, Blaupunkt pushbutton radio, air conditioning. – One of 279 Boras with the 4.9 engine and an unusual U.S. delivery model. Maserati Classiche certified. Sound older paint, but it shows light scratches and is a bit faded. Exterior plastic is dull. Wheels are lightly dinged up. Uneven fit on the engine cover. Very good, lightly worn original interior. A sound driver quality example that’s largely original but has gotten attention when needed. Showing 65,696 miles and reportedly has just 6,000 miles since an engine rebuild. – This is one of the better Boras seen at auction recently and the bidders here at Bonhams recognized not only its quality but also the innate attraction of a 330hp mid-engined Italian exotic even at this mid-estimate price. Is this the start of an upward movement in Bora prices in response to ever-increasing Ferrari BB values? Only time will tell.Lot # 39 2003 BMW Z8 Roadster; S/N WBAEJ13483AH62031; Titan Silber Metallic/Black leather; Estimate $220,000 – $240,000; Unrestored original, 2 condition; Hammered Sold at $190,000 plus commission of 10.00%; Final Price $209,000. With Reserve. Bridgestone tires, hard top, power windows. – Barely used with 13,000 miles, although it looks like fewer with like new paint, interior and engine bay. – The BMW Z8 didn’t make much of an impression when it was new, at least in the sales column, but that has changed as the appeal of its Henrik Fisker body design, attractive interior details and 394hp performance have come to be appreciated by a later cadre of owners. Prices have now gone well above the original $130K list price even though 5,708 were built and many of them put away as ‘instant collectibles’ like this. On that basis, they really were ‘collectibles’ even if ‘instant’ translated to a decade.
Bonhams Quail Lodge 2015 – Auction Report Page Three
Lot # 40 1950 Delahaye 135M Cabriolet Atlas, Body by Guillore; S/N 801636; Engine # 801636; Dark Blue/Dark Blue leather; Dark Blue cloth top; Estimate $250,000 – $350,000; Older restoration, 2- condition; Hammered Sold at $330,000 plus commission of 10.00%; Final Price $363,000. With Reserve. RHD. 3558/115hp, three carbs, Cotal pre-selector, Marchal headlights and fog lights, dual mirrors, dark blue cloth boot cover, painted centerlock wire wheels, Firestone wide whitewalls, bench seat, wood dash and window trim, dash clock, radio. – One of five four-seater examples and believed to be the only remaining Atlas Cabriolet. Restored in the late 1990s after spending most of its life in France. Owned for a while by Philippe Looten, founder of the Delahaye Club. Displayed at Pebble Beach in 2011, numbers matching engine rebuilt in 2012. Some light scratches on the front bumper. Very good paint. Wheels are a bit grimy. Very good top. Heavily worn and cracking upholstery but exquisite interior wood. A slightly older concours car, but a sound 135M with rare Guillore coachwork. – Offered by Bonhams at Scottsdale in 2014 with a reported high bid of $450,000 against a towering $500-650,000 estimate range. Its result here is more reasonable, as is the estimate range, which is instructive of the value of setting a realistic reserve and estimate that attracts the attention of bidders.Lot # 44 1955 Lancia Aurelia B24S Spider America, Body by Pinin Farina; S/N B24S1138; Engine # B241198; Black/Green; Black cloth top; Estimate $1,800,000 – $2,400,000; Recent restoration, 2+ condition; Hammered Sold at $1,775,000 plus commission of 10.00%; Final Price $1,952,500. With Reserve. Floor shift, hubcaps, trim rings, beige painted wheels, Michelin X tires, Nardi dual carb intake. – Raced when new in the 1955 Torrey Pines Six Hours by Lou Brero and Robert Gillespie where they finished 6th overall. Freshly restored by Tony Nicosia with excellent paint, chrome and interior. Like new engine compartment, underbody and chassis. Fresh, sharp and beautiful. – An exceptional car in meticulously freshly restored condition with an intriguing early California racing history. The Spider America is the most desirable and rare of all road-going Lancias and a car that has frequently shown its ability to challenge far more expensive and exotic sports cars. This is probably the best in the world, done to perfection without being overdone and deserves every penny of the healthy price paid for it.Lot # 47 1955 Porsche 356 Continental Cabriolet, Body by Reutter; S/N 60771; Engine # P35786; Black/Dark Green leather; Black top; Estimate $275,000 – $325,000; 2- condition; Hammered Sold at $270,000 plus commission of 10.00%; Final Price $297,000. With Reserve. 1286/55hp, dual Solex carbs, steel wheels with hub caps, whitewalls, black cloth boot cover, Telefunken pushbutton radio. – One of 228 Continental Cabriolets built. Very good paint. Very clean engine bay. Slightly dull older chrome. Very good, lightly worn upholstery. Restoration completed in 2005 then got another round of cosmetic and mechanical attention in 2009. Fitted with a non-original engine. Showing a bit of age, but still presentable. – The Continental was a one-year-only trim package that got buyers in the North American market nothing more than a few gold badges that said “Continental”. Ford quickly pressured Porsche into abandoning that word, so now Continentals are an interesting footnote for pre-A 356s. Even with the rarity of this car, the result here was ample for a good but admittedly older restoration.Lot # 51 1950 Hudson Commodore Convertible Brougham; S/N 50278280; White, Copper/Burgundy vinyl; Beige top; Estimate $40,000 – $50,000; Visually maintained, largely original, 3- condition; Hammered Sold at $65,000 plus commission of 10.00%; Final Price $71,500. No Reserve. 308/170hp, Twin H intake, 3-speed, hub caps and trim rings, Coker Classic whitewalls, rear fender skirts, hood ornament, Unity spotlight, windshield sun visor, burgundy vinyl boot cover, bench seat, column shift, dash clock, radio. – Larger than original engine. An ex-Steve McQueen car that’s largely original. Faded paint with several chips on the nose and hood. Dented passenger side chrome rocker trim. Slightly dirty but complete engine bay. Good but visibly worn interior. Could still be described as having “charming patina” and the McQueen connection is a proven moneymaker. – Sold for $42,900 by RM in Arizona in 2009, fresh out of storage. This car has needs and needs, but the McQueen factor prevailed. Sold well past the high estimate, and for what surely must be a record for one in this condition.Lot # 52 1922 Bugatti Type 29/30 Oval Tank Racer; S/N 4008; Black/Black leather; Estimate $950,000 – $1,200,000; Older restoration, 3+ condition; Hammered Sold at $950,000 plus commission of 10.00%; Final Price $1,045,000. With Reserve. 1,991/50hp sohc inline eight, dual Zenith carbs, 4-speed, oval tank, rear-mounted spare, clock, hydraulic 4-wheel brakes. – regarded as the oldest surviving Bugatti 8-cylinder competition car, restored in recent years with a re-creation of the original 2-seat body. An honest old car in sound, usable and presentable condition presented in meticulously patinated condition. – Offered by Christie’s in Paris in 2002 with the torpedo coachwork built for Uwe Hucke but unsold on the block. Its history and stature are sufficient to set it far apart from most contemporaries. If this is what the bidders thought it was worth, so be it, but they could have considered it to be worth much more and there would still be no argument with their conclusion. Unlike recent supercars, the early Bugatti race car market is rarely subject to fad and show-off transactions, instead being populated by informed collectors with experience and patience.Lot # 55 1959 Mercedes-Benz 220S Coupe; S/N 180037119509647; Engine # 180924119502539; Ivory/Beige leather; Estimate $70,000 – $90,000; Older restoration, 2- condition; Hammered Sold at $62,500 plus commission of 10.00%; Final Price $68,750. No Reserve. Column shift 4-speed, dual Solex carbs, wheel covers, whitewalls, locking filler cap, wood dash and window trim, dash clock, Becker Europa radio. – Discoloration and grease marks on the driver seat, but otherwise very good interior. Paint drip on the passenger door but otherwise very good paint. Tidy engine bay and undercarriage. A 1990s restoration that has reportedly been driven just 1,000 miles since, but it shows its age. – Sold by Mecum in Kansas City in December 2012 for $64,660, then by RM from Don Davis’s collection in April 2013 for $77,000. In all cases this M-B brought a top price for an imperfect car. 2220Ss have been in the spotlight lately, but the truth is that post-war Mercedes-Benzes of all types have been moving up in price. At this amount, at least for the moment, there isn’t any room left to fix some of the cosmetics.Lot # 56 1959 Ferrari 250 GT Interim Berlinetta, Body by Scaglietti; S/N 1519GT; Engine # 1519GT; Red, White stripe/Beige leather; Estimate $9,000,000 – $12,000,000; Competition restoration, 2+ condition; Hammered Sold at $7,750,000 plus commission of 10.00%; Final Price $8,525,000. With Reserve. Chrome spoke Borrani RW3526 wire wheels, Pirelli Cinturato HS-367 tires, Marchal head and fog lights, Ferrari Classiche certified. – Originally delivered to Jean-Pierre Schild, third overall in the 1959 Tour de France. Updated thereafter with Dunlop disc brakes and sold to the U.S. where it was raced for John Bunch by Dean McCarthy in SCCA. Stored many years by the next two owners after the engine was removed by Bob Grossman and eventually reunited with its original engine (but not the gearbox.) Restored in 2014 and shown over the next two years with many awards. Excellent paint, chrome and interior. Underbody has been restored like new and now shows a little use consistent with the 559 miles on the odometer. – A significant example of the unusual transitional Interim Berlinetta style between the TdF and subsequent SWB Berlinetta, with some good early competition history in Europe and the U.S. Arguably more significant (if longer) than an SWB and bought at a 30% discount from SWB values, this ranks as a realistic but perhaps underappreciated value.Lot # 65 1951 Ferrari 212 Inter Cabriolet, Body by Vignale; S/N 0159EL; Engine # 0159E; Rosso Bordeaux/Beige leather; Beige cloth top; Estimate $2,400,000 – $2,800,000; Older restoration, 1- condition; Hammered Sold at $2,000,000 plus commission of 10.00%; Final Price $2,200,000. With Reserve. RHD. Chrome spoke Borrani wire wheels, Dunlop Road Speed tires, turn signals, luggage, Marchal headlights, Ferrari Classiche certified. Engine internal number 72. – Excellent paint, chrome and interior. A concours restoration with a little age but almost no use. Known history from new, restored in 2014, second in class to the eventual Best in Show winning Ferrari 375MM at Pebble Beach in 2014. – Any road-driven open Ferrari of this era is a real find but Vignale’s voluptuous coachwork makes it even more desirable. This transaction reflects a meaningful, but perhaps modest, premium over coupe and berlinetta 212 Inters.
Bonhams Quail Lodge 2015 – Auction Report Page Four
Lot # 72 1987 Porsche 959 Komfort Coupe; S/N WP0ZZZ95ZHS900125; Engine # 65H00117; Red/Black leather; Estimate $1,000,000 – $1,250,000; Unrestored original, 2 condition; Hammered Sold at $1,325,000 plus commission of 10.00%; Final Price $1,457,500. With Reserve. Upgraded 576hp engine, Black Denloc alloy wheels, wide rear tires, Michelin Pilot Sport tires, Eclipse CD changer MP3 stereo. – Very good paint and interior. Odometer shows 4,867 believable miles even as the car shows nearly no wear or use. Maintained and upgraded by Canepa Design. California emission compliant. – One of three 959s in the Monterey auctions this week, selling in the middle of the trio at a representative 959 price.Lot # 73 1955 Jaguar XK 140MC Roadster; S/N 5811630DN; Engine # G48708S; Red/Black leather; Black cloth top; Estimate $100,000 – $125,000; Cosmetic restoration, 2 condition; Hammered Sold at $100,000 plus commission of 10.00%; Final Price $110,000. With Reserve. Overdrive 4-speed, C-Type head, aluminum radiator with electric fan, chrome centerlock wire wheels, Lester blackwalls, dual wing mirrors, side curtains, Moto Lita woodrim steering wheel, JDHT certificate. – From the Tony Hart collection. Very good paint, chrome, interior and engine bay but none of it was done yesterday. Cosmetically restored some time in the last 15 years and mechanically redone in 2007. A slightly older restoration of an ideally equipped 140 that hasn’t accumulated many real flaws. – This XK 140MC has a lot going for it, not least that it can be driven without losing sleep of bug smash or some sand pits. It is a sound and usable car at a sound and reassuring price.Lot # 74 1965 Lotus Cortina Mk I Coupe; S/N BA74EK59800; White, Green/Black vinyl; Estimate $75,000 – $100,000; Older restoration, 3 condition; Hammered Sold at $70,000 plus commission of 10.00%; Final Price $77,000. With Reserve. 1558/180hp, dual Weber 40DCOEs, Pertronix ignition, 4-speed, steel wheels with hub caps, Sumitomo tires. – From the Tony Hart Collection. Dull original paint and chrome with light scratches and scuffs all over the faded bodywork. Weakest point is the trunk, which as crazing as well. Bumpers are dull and pitted. Brightwork is original and tired. Window molding is cracking. Bad masking on the green coves that were done at some point. Very good new seats and otherwise well kept original interior. Mechanically rebuilt in 2011, so the engine bay looks very good and the underbody is tidy and free of rust. It’s an original California car on top and redone underneath. – Bought here in 2011 for $42,120 in pretty tired and neglected condition showing 4,842 miles against the 5,696 on the odometer today. A fair amount was spent where it did the most good, under the hood, on the suspension, driveline and brakes as well as reupholstering the duct taped interior. It is a much better car today than it was then and is as good as the price it brought.Lot # 80 1956 Lotus Eleven Le Mans Roadster; S/N MK11210; Engine # FWA40096968; British Racing Green, Yellow/Maroon; Estimate $325,000 – $425,000; Competition restoration, 3+ condition; Hammered Sold at $190,000 plus commission of 10.00%; Final Price $209,000. With Reserve. RHD. Braced rollbar, wraparound windscreen, covered Lucas head and driving lights, 5-point belts, painted wire wheels. – A ‘wide-chassis’ Eleven built for international regulations but with no known early racing history despite extended but balanced conjecture in the catalog. Good paint and interior. Restored like new, then carefully raced. – An historic Lotus Eleven, with most of its original body panels and carefully restored by Steve Hart in the U.K. to high quality historic racing condition. It would be nice if it could be confirmed to be the 1100cc class 1956 Le Mans winner. The pre-sale estimate is skewed toward the inference that it is, but the bidder resisted the temptation to make assumptions and instead placed a realistic price on a rare racing Lotus.Lot # 81 1962 Ferrari 250 GTE 2+2, Body by Pinin Farina; S/N 4001GT; Engine # 4001GT; Dark Blue/Brown leather; Estimate $400,000 – $450,000; Visually maintained, largely original, 4+ condition; Hammered Sold at $335,000 plus commission of 10.00%; Final Price $368,500. With Reserve. Hitachi AM-FM, chrome spoke Borranis, Michelin XWX tires, Crane XP700 ignition module. Internal # 654/62E. – Poor old paint abundantly flawed and edge chipped. Poor chrome. Stretched upholstery. Reportedly has $80K in receipts for recent engine, suspension and gearbox work but is in desperate need of paint and a caring home. – This is a project, even with the recent mechanical work, that is daunting in its extent and will take a bazillion dollars to be the equal of the fantastically expensive (but unbelievably meticulously restored) 2651GT sold by Gooding this week for $797,500. This result may be under the low estimate, but it is still thoroughly optimistic.Lot # 82 1967 Maserati Mexico Coupe, Body by Vignale; S/N AM112106; Engine # AM112106; Red/Brown leather; Estimate $100,000 – $140,000; 2- condition; Hammered Sold at $115,000 plus commission of 10.00%; Final Price $126,500. No Reserve. 4.2 liter V-8, four Webers, 286hp, ZF 5-speed, electronic ignition, Borrani centerlock alloy wheels, Pirelli tires, dual fuel tanks, locking filler caps, woodrim steering wheel, wood dash, wood shift knob, Smiths dash clock, power windows, Becker Mexico TR radio. – One of 480 Mexicos built. Maserati Classiche certified. Very good paint and chrome. Very clean original engine bay and underbody. Lightly worn and visibly aged upholstery but a very well kept original interior. Other than the upholstery, cracking wood in the shift knob is the only real flaw. Recently repainted and serviced. A mostly original and well maintained car with 50,891 km on the odometer. A rare, neat example of one of Maserati’s more conservatively styled and less coveted big cars. – Mexicos are seldom seen and seldom for sale, so this car brought a very strong result from a buyer who really wanted one.Lot # 87 1967 Porsche 912 Coupe, Body by Karmann; S/N 460304; Engine # 752400; Polo Red, Black script/Black vinyl; Estimate $50,000 – $70,000; Cosmetic restoration, 3+ condition; Hammered Sold at $50,000 plus commission of 10.00%; Final Price $55,000. No Reserve. 1582/90hp, 5-speed, steel wheels with hub caps, all season tires, tinted glass, Blaupunkt AM/FM radio. – Good, sound older paint. Dull original brightwork. Lightly scratched window trim. Chip on the passenger door. Tidy engine bay and underbody. Slightly dull exterior plastic. Good interior with newer upholstery but original dash and steering wheel and gauges. A lightly restored car done a couple of years ago that’s more than pretty enough to be proud of and has the desirable 5-speed. A bargain compared to a 911 of this vintage, but these are no longer cheap cars. – It may be a bargain compared to a ’67 911, but this is a big result for this model and you could get a great later 911, one that’s about 10 years newer, for significantly less than the price paid here. The allure of the early 911s, however, pulls the 912s along in the wake of their fast-appreciating price.Lot # 88 1967 Maserati Mistral 4.0L Coupe, Body by Frua; S/N AM109A11146; Engine # AM109A11146; Green/Black vinyl; Estimate $50,000 – $75,000; Unrestored original, 4+ condition; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000. No Reserve. 4014/255hp, Lucas fuel injection, Borrani wire wheels, Avon tires, locking filler cap, VDO dash clock, AM/FM cassette stereo, wood shift knob. – All original car with fading, cracking, crazing scratched paint that is at least a very pretty color. There are some chips around the panel edges and several large scratches and bubbles on the passenger door. Two small dents on the roof and one big dent on the right front fender as well as a foot-long scratch along the left rear fender attest to the vagaries of long storage in a barn where it appears to have been used as shelving. Original and aged but complete engine bay. Dry underbody. Good interior other than a long rip along a seam in the driver’s seat. Good chrome other than some pitting on the right headlight bezel. After inevitably expensive and extensive mechanical servicing, this car isn’t too far gone cosmetically to enjoy as-is if you’re into the patina look. Otherwise, it’s a sound candidate for restoration. – The appeal of dirt and grime is now pervasive as bidders compete with their bank accounts to acquire the most scungy, neglected cars. This Mistral actually is better than most in that it is sound and hasn’t housed chickens but the very best of its breed might be worth a quarter million dollars and this car isn’t going to get there on the $107,000 left after paying for it. The bidders took leave of their senses and surely woke up on Friday with a case of buyer’s remorse.
Bonhams Quail Lodge 2015 – Auction Report Page Five
Lot # 90 1971 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 14335; Engine # B1086; Rosso Chiaro/Black leather; Estimate $600,000 – $800,000; Cosmetic restoration, 3+ condition; Hammered Sold at $680,000 plus commission of 10.00%; Final Price $748,000. With Reserve. Chrome spoke Borrani wire wheels, Michelin blackwall tires, Blaupunkt Daytona cassette stereo, A/C, Autotronic ignition modules. – Good paint, chrome and interior following a 1996 cosmetic restoration. Very good door fit. Clean underhood showing limited use. A sound, presentable driver quality Daytona that after nearly two decades since restoration shows the quality of its workmanship and materials. – Not the best Daytona available, but better than the pre-sale estimate gave it credit for, the Quail Lodge bidders recognized its value and even at this mid-estimate result bought it right. The new owner should be highly satisfied not only with the Daytona but also with the price paid for it.Lot # 92 1973 Alfa Romeo GT 1600 Junior Zagato Coupe, Body by Zagato; S/N AR3060332; Engine # AR0053652114; Red/Black vinyl; Estimate $55,000 – $85,000; Unrestored original, 3 condition; Hammered Sold at $68,000 plus commission of 10.00%; Final Price $74,800. No Reserve. 1570/125hp, 5-speed, Campagnolo wheels, Falken tires, woodrim Hellebore steering wheel. – One of 402 of these Zagato-bodied cars built with unusual love-it-or-hate-it styling. Cluster of paint chips on the left front fender and a small ding on the nose as well as several chips and a small crack on the hood. Fairly dull older paint otherwise. Tired chrome. Very good original interior. Tidy engine bay and underbody. Recently serviced, it shows 56,452 km which are stated to be all it has covered. It’s commendably preserved and sure to get lots of attention at any gathering of Italian automobiles. – Jr Zs carry all manner of styling idiosyncrasies, from the vented headlight lenses to the odd wiper arm kink in the hood lid, which caps their appeal. For a long time these cars were a great way to get a coachbuilt Italian GT affordably. If this price bears out in the coming months, those days are gone. This was strong money.Lot # 93 1954 Aston Martin DB2/4 Mk I Drophead Coupe, Body by Mulliner; S/N LML736; Engine # VB6J172; British Racing Green/Tan leather; Black cloth top; Estimate $450,000 – $500,000; Cosmetic restoration, 3 condition; Not sold at Hammer bid of $370,000. With Reserve. An original lefthand drive car. Black centerlock wire wheels, Avon tires, Lucas driving lights, black cloth boot cover, wood dash, radio. – Recently repainted, with several touch ups on the hood, a scuff right below the left side of the windshield, several chips and scrapes on the nose, some of which have been touched up and orange peel on the right side of the nose. Lumpy, wavy bodywork overall with uneven gaps. Several cracks on the tail. Very good, barely worn interior. Tidy engine bay and underbody. Fitted with a later Vantage-spec 3.0-liter engine. Clean car overall and a very rare drophead, but its lumpy bodywork is not something that can easily be overlooked. – A highly desirable, rare early Aston Martin, but despite honest attempts to keep it up it is in only barely presentable condition. The bidders were unsatisfied with that and the reported bid is a realistic offer for an Aston with so many issues, even if they are cosmetic. The failure to come to an accommodation on price is reasonable and the seller would have been prudent to leave the paint alone and let the car’s age speak for itself instead of trying to put lipstick on it.Lot # 96 1967 Lamborghini Miura P400 Coupe, Body by Bertone; S/N 3057; Engine # 1190; Orange, Silver sills/Black vinyl; Estimate $850,000 – $1,000,000; Unrestored original, 3 condition; Hammered Sold at $945,000 plus commission of 10.00%; Final Price $1,039,500. With Reserve. Power windows, SV spec dry sump. – Sound original paint other than a repainted rear body and upholstery with a pulled seam on the passenger’s seat. Plenty of use is evident everywhere. Chipped door and nose edges. Dried out windshield rubber. An honest Miura with 33,397 miles and only two owners since new, the most recent since 1978. – These days Miuras are usually fantastically restored objects of veneration. Not so this one. Instead it’s been driven regularly, maintained as needed and never been restored, nor needed it. An unusual opportunity to buy a Miura that can be driven for some time as it is before giving it to Gary Bobileff to be turned into Pebble Beach jewelry. The bidders here at Bonhams seemed to realize it represented something unusual and paid a very full price for it, but a price that will be earned down with touring miles. It is a reasonable compromise.Lot # 103 1979 Ferrari 308 GTB Coupe, Body by Pininfarina; S/N F106AB30461; Engine # F106AE01816; Red/Black; Estimate $90,000 – $110,000; Unrestored original, 2- condition; Hammered Sold at $115,000 plus commission of 10.00%; Final Price $126,500. With Reserve. Alpine CD stereo, A/C, Michelin XWX tires, P/W, tools, jack, manuals. – Excellent paint and interior. Underbody is older but clean and tidy. An impressive unrestored 308 with 23,169 miles from new and a fresh cam belt service three months ago. – OK, I admit it. I thought this 308 was repainted when I first looked at it. The paint was that good. With low miles, impressive originality and preserved in nearly showroom condition, this is a standout 308 GTB, and it brought a standout price appropriate to its condition and preservation.Lot # 104 1980 BMW M1 Coupe; S/N WBS59910004301160; Henna Red/Black vinyl, Grey cloth inserts; Estimate $450,000 – $550,000; Unrestored original, 2- condition; Hammered Sold at $545,000 plus commission of 10.00%; Final Price $599,500. With Reserve. Campagnolo wheels, Pirelli Cinturato tires, power windows, tinted glass, Blaupunkt cassette stereo, locking filler cap, full original tool roll and compact spare – Very good paint other than a sizable crack on the right front fender and a small scratch on the tail. Good exterior plastic. Very good interior, but there is light wear and general age showing on the seats and some light wear on the window trim. Other than a few small signs of its age, it’s a remarkably preserved and babied car with just 18,075 km on it. – M1s have been steadily moving up in price since 2009, most recently resulting in a $605,000 sale price in March 2015 for a near-perfect car. The condition is farther from that benchmark car than the price is, so it would seem these are still upwardly mobile and there is a meaningful originality premium baked into this M1’s result. Other M1 offerings in Monterey this year, however, don’t necessarily corroborate that claim.Lot # 107 1973 Porsche 911S 2.4 Coupe; S/N 9113300038; Engine # 6330073; Gemini Blue/Black vinyl with houndstooth cloth inserts; Estimate $240,000 – $280,000; Cosmetic restoration, 2- condition; Hammered Sold at $215,000 plus commission of 10.00%; Final Price $236,500. No Reserve. 2341/190hp, 5-speed, chromed Fuchs wheels, Falken tires, power sunroof, sport seats, VDO dash clock, Porsche CofA – Excellent paint. Window trim is a bit scratched up. Filler cap is loose fitting and wiggles freely. Rear bumper fit is a bit off and plastic is cracked on the right side. Very clean engine bay and represented as matching numbers engine and transmission. Excellent interior. An overall gorgeously presented car that’s gotten restoration work over the years and has never been a show car. As an S-spec 911, it’s more at home carving up roads on a vintage driving event than the show field, anyway. – Offered by RM here in Monterey in 2013 with a reported high bid of $110,000, then reported sold at Mecum’s megasale in Kissimmee in 2014 for $216,000. After a meteoric rise, 911S prices have started to level out a bit. The sunroof and 5-speed enhance this one’s desirability and demand, but this amount is still essentially what was paid for it eighteen months ago in Kissimmee. It is dangerous to forecast based on one result, but ….
Thank you for another wonderful report.
Always enjoy the descriptive comments, thanks!!
Rick great report & great detail, but unfortunate not to include the 3x E-types, and the one that didn’t sell, whose prices semm to reflect a change in the market.