March 2019 - Amelia Island highlights
12 April, 2019
For the second year in succession a Ferrari 275 GTB wound up as the most expensive car sold during the Amelia Island auctions, making $2,205,000 (estimate $2,200,00 – 2,400,000). RM Sotheby’s 1965 short-nose steel bodied example picked up a Platinum Award at the 2018 Palm Beach Cavallino Classic, following a meticulous restoration by Motion Products which returned it back to its original scheme of Argento over Nero with cloth inserts.
A 1966 Shelby Cobra 427 with less than 1,900 miles from new changed hands for $1,792,500 (estimate $1,750,000 – 2,100,000), with a 1930 Duesenberg Model J 'Sweep Panel' Dual-Cowl Phaeton rounding off RM Sotheby’s top three results at $1,650,000 (estimate $1,600,000 – 2,000,000).
Standout performances included an 11,200-mile 1994 Toyota Supra Twin Turbo from the Youngtimer Collection which smashed its $100,000 – 120,000 estimate, setting a new world auction record for a standard example of the model at $173,600; a 1931 Rolls-Royce Phantom II Henley Roadster went for more than double its lower estimate, achieving $566,000; and a 1924 Bentley 3 Litre Sports Two-Seater fetched $434,000 (estimate $200,000 – 300,000).
Overall results posted by RM Sotheby’s gave an 84% sell-through rate and a sale total of $38.1 million.
Gooding and Company’s 1930 Packard 734 Speedster Runabout – one of just 18 known to exist – topped the pre-war sales at this year’s event, bringing $1,765,000 (estimate $1,700,000 – 2,000,000).
A 1965 Ferrari 275 GTS which was exhibited on the Ferrari stand at the 1965 Brussels Motor Show also crept above its lower estimate, selling for $1,325,000; while notable results from Jan Koum’s collection included a 40-mile 2015 Porsche 918 Spyder Weissach at $1,490,000 (estimate $1,800,000 – 2,000,000), and a one-of-55 1993 Porsche 911 Carrera RS 3.8 at $1,132,500 (estimate $1,200,000 – 1,500,000).
Prices for good examples of BMW’s class-defining 2002 tii remain strong and both the cars on offer found new homes. The 1974 model in a vibrant shade of Inka Orange eclipsed its $40,000 – 50,000 guide, taking $56,000, while an earlier 1973 round-light version, optioned with a rare five-speed manual gearbox, drew $60,480 (estimate $50,000 – 75,000).
Gooding and Company realised just over $22 million in total sales with an 88% sell-through rate.
Pre-war and Brass Era cars dominated the results at Bonhams 7 March sale, headed by a 1930 Cadillac Series 452 V-16 Roadster at $1,187,500 (estimate $1,250,000 – 1,500,000).
Highlights from the 24-car Don C. Boulton Collection included a 1913 Mercer Type 35 J "Raceabout", selling for a mid-estimate $896,000; a 1914 Simplex 50hp "Speedcar" at $885,000 (estimate $600,000 – 800,000); and a 1904 Peerless Type 8 Style K 24HP which blitzed its $400,000 – 480,000 estimate with a winning bid of $698,000.
The sale also featured an ex- Jochen Rindt/Jacky Ickx Brabham BT26 which raised $1,105,000 (estimate $1,100,000 – 1,400,000), and RUF’s ultimate air-cooled Porsche – a 1998 Turbo R with 36,000 miles from new – which found a new home at $626,500 (estimate $650,000 – 850,000).
Bonhams reported $16 million in sales and a sell-through rate of 84%.
Classic car auction results and prices for: Ferrari | Shelby | Duesenberg | Toyota | Rolls-Royce | Bentley | Packard | Porsche | BMW | Cadillac | Mercer | Simplex | Brabham | RUF
From leading auction houses: RM Sotheby’s | Gooding and Company | Bonhams
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