Monthly Archives: March 2012

Commemorative Edition Corvette by AAT

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2003 Chevrolet Corvette Z06 50th Anniversary Commemorative Edition by AAT

Offered by Barrett-Jackson | Palm Beach, Florida | April 7, 2012

Advanced Automotive Technologies (AAT) designed this aftermarket Corvette and have built 178 of them (thus far) to commemorate the 50th anniversary of the Corvette. They’ve incorporated styling from the 1953 car as well as the C5. It really isn’t a bad looking car, I don’t think, and they’ve been popping up at auctions more and more.

The AAT Commemorative Edition could be applied to any C5 Corvette convertible or even a hardtop (but not the hatchback). The car here started life as a 2003 Z06 Corvette, which is a pretty stout car to hack up. However, by doing so, two owners (only two Z06s were converted by AAT) have a Corvette with original looks and serious performance. Plus, GM never built a Z06 convertible, so they’ve got that going for them.

This car has less than 4,000 miles. In an auction recap a few months back, I mentioned how this model is becoming more and more collectible. And they kind of are, bringing more than twice what you would get for a standard Corvette of similar vintage. At least five of these AAT Commemorative Editions have sold at auction in recent years. The average price is $65,670, with the high end of that being $88,000. We’ll see what this one brings, but time will really be the judge as to whether these cars can maintain their value. It will be something to watch as coachbuilt cars are not all that common nowadays.

To read the complete catalog description, click here. For the rest of Barrett-Jackson in Palm Beach, click here.

Update: Sold, $90,200.

Bonhams Oxford Motor Cars Highlights

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Whoops. I guess we’ve lost a bit of chronology here, but the results from Bonhams’ Collector Motor Cars at Oxford have yet to be highlighted here on this site. So here we go.

First up is the top sale of the auction, a barn-find condition 1961 Ferrari 250 GTE 2+2 Series I Coupe that used to belong to film producer Dino De Laurentiis.

It’s in pretty rough shape, but it’s still a Ferrari 250, so it sold for about $158,000. The Morris Isis that we featured here exceeded its estimate and sold for just a touch over $21,000.

The two other top sales were a pair of Series I Jaguar E-Types. The spectacular yellow one pictured here, a 1966 model with the 4.2-liter engine, sold for $142,000.

The other one, this time a red 1965 model also with the 4.2 liter engine, was formerly owned by Sir Elton John. It brought $128,000.

Other interesting cars sold at this auction included a bunch of American cars. And not your normal exports. There were a slew of 1950s Packards in various stages of disrepair and they appeared to come from the same consignor. It’s more like something you’d find in the yard of an American Midwesterner, not in such a stately place like Oxford. There was even a late 70s Trans Am, screaming chicken and all.

My other picks of the auction include this barn-find 1966 Jensen C-V8 which needs an entire restoration – although it does run as is. These cars are very rare, only about 500 were built. It brought $25,000.

Next up is this 1928 Dodge “Fast Four” Landaulette. This was the final year for Dodge’s 35 horsepower four-cylinder engine – coincidentally, the same year Chrysler acquired the firm. It’s a right-hand drive car that was bodied in England and was restored some years ago. It sold for $36,000.

Now how about this monster? It’s a 1985 Lister Jaguar XJ-S HE 7-Liter Cabriolet. There are Lister-Jaguar cars that date back to the 1950s, but this is one of about 90 Jaguar XJ-S cars modified by Lister with a 7.0-liter V12. It’s a beast and it would’ve cost you $29,000.

And last but not least, this 1937 Bentley 3.5-Litre Park Ward Sports Saloon in a wonderful, vibrant shade of blue. There’s nothing exceptional about this car (if that’s even legal to say about a Bentley), but I just really dig the look. It sold for $79,000.

For complete results, click here.

Spyker C8

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2010 Spyker C8 Spyder SWB

Offered by Barrett-Jackson | Palm Beach, Florida | April 7, 2012

The Spyker C8 is the most popular model from Dutch supercar manufacturer Spyker. In fact, it is the only model from the company to really get going, production-wise (the C12 sold about two-dozen copies).

Introduced in 2000, the C8 features an Audi-sourced V8 of 4.2 liters, pumping out 400 horsepower. It’s pretty quick too, sprinting to 60 mph in 4.5 seconds. The car being offered here is two years old, but essentially brand new, having only covered six (6) miles.

The original Spyker company, which began as a coach builder, began producing automobiles in 1900. The company was quite innovative, producing the world’s first four-wheel drive car in 1903 (or, the first four-wheel drive car with a single engine. Ferdinand Porsche technically built the first four-wheel drive vehicle, with a motor at each wheel). Four-wheel brakes and a six-cylinder engine were other Spyker firsts. When World War I came around, the company began producing aircraft engines.

It is this aeronautical link to history from which the new Spyker company derives its logo. Also, their interiors are second to none in the highly-exclusive supercar world. Check this out:

There are some aircraft touches in there, from the dash switches to the world’s coolest shifter. I really do like the way these cars look. Some supercars are wild just to be wild, but this one is beautiful. It’s a shame that Spyker got tangled up in the mess that was/is Saab. I just hope these cars can continue to come out.

Brand new, this car would run about $225,000. And this one is essentially brand new. For the complete catalog description, click here and for the entire Palm Beach lot list, click here.

Update: Sold, $220,000.

1947 Standard Eight

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1947 Standard Eight Convertible

Offered by Barrett-Jackson | Palm Beach, Florida | April 6, 2012

The Standard Flying Eight began production in 1938 and crept along until 1941 when the Standard Motor Company focused on building de Havilland Mosquitoes for the RAF. Production of the Eight restarted in 1945 without the “Flying” part of the name.

Just about everything carried over from the pre-war model, including the 28 horsepower 1.0 liter straight-four. The only new feature was the four-speed gearbox, up one gear from the pre-war model. The car was phased out in 1948 to make way for its replacement – the Triumph Mayflower. In total, 53,099 Eights were built between 1945 and 1948, including two-door, convertible and estate body styles.

The model on offer here shows quite nice and, for whatever reason, has the pre-war three-speed transmission. Cute sells, but the Standard name is not well-known in America, however, this would be a fun car to pick up for less than $20,000. For the complete catalog description, click here. And to see the other cars Barrett-Jackson has for sale in Palm Beach, click here.

Update: Sold $10,450.

RM Auctions – Amelia Island Highlights

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RM Auctions’ recent sale in Amelia Island, Florida sold some outstanding cars, among them the 1929 Cord L-29 Special Coupe that we featured on this site. Far and away the most attractive Cord I’ve ever seen, it was the top sale at $2,420,000. Other million dollar sales included a 1956 Ferrari 250 GT Coupe Speciale by Pinin Farina that sold for $1,430,000.

This 1965 Aston Martin DB5 Vantage convertible sold for $1,210,000. Bringing the same price was a 1972 Ferrari 365 GTB/4 Daytona Spyder (below the picture of the DB5).

Another million dollar Ferrari was this 1967 275 GTB/4 Berlinetta that sold for $1,100,000.

A little more exotic was the 1930 Bugatti Type 46 Superprofile Coupe which has “recreation” coachwork. It was originally a sedan but the body was replaced with a “faithful recreation” of a famous Bugatti design. The real one would have brought more, but this car was no slouch at $1,017,500.

The first car under $1 million was the 1937 Squire Drophead Coupe that we featured. It brought $990,000. The hauntingly beautiful Hispano-Suiza Double Berline did not sell. There was, however, another Hispano-Suiza – this a 1918 Type 32 Collapsible Brougham by Baltasar Fioly-CIA that sold for $335,500.

The early Model J Duesenberg from this sale that we featured sold for $803,000. Other interesting sales include this 1956 Porsche 356A Carrera GS Coupe that sold for $288,750.

RM is still in the process of parting out the John O’Quinn collection and from that collection came this 1908 Columbia Electric Mark LXX Victoria Phaeton that sold for $66,000.

Another early car was the 1921 Napier T75 Speedster with room for four people – and not much else:

It sold for $79,750. Our final feature car was one of the more affordable cars sold (the second lowest selling price for an automobile at the auction), the Rovin D4 sold for $27,500 – a little price for a little car.

And finally, one car that really stood out was the 1958 DKW Universal Kombi Wagon, which is a type of car that you usually don’t see at American auctions. There are a multitude of interesting cars from all over the world and they tend to not pop up at auctions stateside – or even auctions held in Europe by North American auction houses. There are so many Packards and Porsches that sell at auctions like this, and not nearly enough cars from companies like DKW, or (name just about any European or Asian manufacturer). Now, I understand that they aren’t quite as collectible (money talks, after all) and that not many were imported. But they definitely stand out (in a very good way) when they do show up. This one brought $60,500.

For complete results, click here.

Gooding & Co – Amelia Island Highlights

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Gooding & Co’s annual sale in Amelia Island, Florida produced some spectacular results. The inclusion of the Drendel Family Collection of rare Porsches certainly helped things. Ten cars broke the million-dollar mark (including buyer’s premium). Top sale of the auction went to the Porsche 917/30 we featured a few weeks ago, selling for $4,400,000. The second highest-selling car was also a car we featured, the 1955 Porsche 550 Spyder. The high-end of that car’s estimate was $2.6 million but it ended up selling for $3,685,000.

After that, two other Porsches, both of these ex-Martini race cars, were the next-highest selling cars. First was a 1974 Porsche 911 Carrera RSR Turbo 2.14 which sold for $3,2450,000.

Then there was this 1976 Porsche 935/76 which brought $2,530,000.

A few more of our feature cars followed these two awesome 1970s race cars. Next was yet another Porsche in this already Porsche-heavy sale (before you include the Drendel collection). It was the “winningest” Porsche 962 we featured. It sold for $1,925,000. Then, finally, something else: the brilliant blue 1951 Ferrari 212 Inter, which brought $1,375,000. After that was a 1948 Tucker 48 – the second Tucker sold at auction this year, which is kind of strange in itself. It didn’t bring as much as the one at Barrett-Jackson, but it still commanded a respectable $1,320,000.

The Porsche 911 GT1 Evolution race car, which I am still enamored with, sold for $1,265,000. Then another Porsche, a 1967 906E that we actually featured when it was listed with a Bonhams auction back in Scottsdale in January. It didn’t sell at that auction but did sell at Amelia Island at this auction for $1,001,000. The final million dollar car also brought $1,001,000. It was a 1971 Ferrari 365 GTB/4 Daytona Spider.

The 1911 Rambler Touring Car we featured sold for $275,000, just barely short of its estimate. And the very interesting 1930 Willys-Knight Plaid-Side Roadster brought $220,000, exceeding its estimate by about $40,000.

Although there were a boatload of million dollar sales, there were also some bargains to be had. Among them, the TVR 3000S we featured that was estimated to sell for between $40,000-$50,000. It only ended up selling for $24,200. I recently saw a list somewhere of collectible cars that you should buy now because they are at their lowest price points they are likely to ever see. That TVR was on the list and whoever bought it scored. Another car that was on the list, the first generation Lotus Esprit. And one of those sold at this auction for $20,900.

And one final car, a very interesting 1941 Chrysler Town & Country Barrelback with the beautiful woodwork that is the trademark of the original Town & Country (not the sticker-sided minivans of the 80s). It sold for $286,000 and with the shape it is in (and the unusual bodystyle) I think whoever bought it got a great deal.

In all, the auction sold more $36 million worth of cars with a fairly high sell-through rate. For complete results, click here.

ATS GTS

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1963 ATS 2500 GTS

Offered by Coys, Essen, Germany, March 24, 2012

Think Ferrari was the first Italian car company to build a mid-engined road car? Think again. ATS (which stands for Automobili Turismo e Sport) introduced the 2500 GT road car in 1963 with a 220 horsepower 2.5 liter V8 mounted behind the driver but in front of the rear axle. About 12 road cars were built.

ATS tried their hand at Formula One in 1963, quite unsuccessfully, retiring from four races and only finishing one: their home Grand Prix at Monza with drivers Phil Hill and Giancarlo Baghetti. When that endeavor failed, they thought “hey, we’ve got a powerful road car on our hands, let’s go road racing!” And thus the 2500 GTS was born. Power was bumped up between 245 and 260 and the car could do 160 mph.

No public record exists as to how many GTS models were built, but it is thought to be around five, with only three still in existence. No price estimate is available from Coys but to read the entire lot description, click here. And for the complete Techno Classica lot list, click here.

Update: Not sold.

Cardi Curara

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1998 Cardi Curara

Offered by Coys, Essen, Germany, March, 24, 2012

1998 Cardi Curara

This car is very rare. As in, there was only one built. This Russian supercar is powered by a 5.4 liter BMW V12 making 326 horsepower. The styling doesn’t scream “supercar,” but more of “grand tourer” and with 326 horsepower, I think the latter is more applicable, although top speed is claimed somewhere around 198 mph (although I don’t see how).

When it was built, it cost around $185,000 USD. I’m not sure what it will bring in 2012, but it is relatively attractive and you’re going to be hard pressed to find another one. Plus, look at where the spare tire is stored:

And, for a car almost 15 years old, the interior is in excellent shape:

It would definitely make for an interesting buy. For more information, click here and to see the rest of the cars on offer from Coys, click here.

Update: Not sold.

Divco Milk Truck

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1949 Divco Model 49N

Offered by Mecum Auctions | Kansas City, Missouri | March 31, 2012

Divco, which is an acronym for Detroit Industrial Vehicles Company began producing delivery vehicles in 1926 and continued doing so under a variety of different corporate umbrellas until the brand finally wound up production in 1986. Back when milk was delivered door to door, these trucks were a common sight in cities and suburbia. They are a symbol of a different time. Can’t you just picture a milkman in a white uniform hopping out of this, all smiles, walking some glass jars of milk to your door with a friendly wave? Ah, sweet Americana.

This particular truck received a mind-blowing $100,000 restoration in 1999. If the seller gets half of that out of it he should consider it a good day. That said, there is a solid market for these trucks. They remind many collectors of their childhood, of a simpler time. In that case, perhaps the “Borden’s” script on the side of the truck should be replaced with “Rosebud.”

For the complete catalog description, click here. For more from Mecum in Kansas City, click here.

Update: Sold $52,000.

Henney Kilowatt

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1960 Henney Kilowatt

Offered by Mecum Auctions, Houston, Texas, April 13-14, 2012

If you saw this and thought “that looks like a Renault,” well you’d be correct because in the mid-1950s the National Union Electric Company and the Henney Motor Company decided to retool a Renault Dauphine as an electric car for the U.S. market. Henney was primarily a coachbuilder (which makes it somewhat ironic that they outsourced the styling of this car).

According to the catalog description, this is a 1957. However, from what I know/have read elsewhere (thank you, Hemmings), the Kilowatt was produced in 1959 and 1960 only (although there may have been a few sold as 1961 models). Only 47 cars were ever sold and most of those went to electric companies. Very few made it into the hands of the general public (they cost about $3,600 at the time while the average new car price was $2,600) and only a handful are known to exist today.

The car is capable of 60 mph and could go 60 miles on a charge. If you’re an electric car enthusiast or collector, this is a must have. It is considered by some as the first “modern” electric car. Sure, there were many electric car manufacturers back in the 1910s and 1920s but they were severely limited in range and performance and livability. This kind of changed that. Yes, we’ve moved forward – but not by too terribly much, unfortunately.

No pre-sale estimate was given but I’d guesstimate it somewhere around $50,000. Click here for the catalog description and here for more from Mecum in Houston.

Update: Sold, $35,000.