RM in Arizona Highlights

Posted on February 3, 2012 by classiccarweekly

RM’s big sale in Arizona (almost two weeks ago… we’ve kind of had a backlog of auction results to publish and they were the last to publish their results online). As I’m looking back at it, we featured a number of cars from this auction including their top seller: this 1957 Ferrari 410 Superamerica that sold for $1,815,000. The second highest-selling car was the first car we featured, the most fantastic looking BMW 507 Roadster I’ve ever laid eyes on. It sold for $990,000. RM sold 90% of their cars for a total of $25.6 million.

A trio of pre-1905 American cars all sold, including our featured 1901 Duryea Four-Wheel Phaeton that was purchased by Mr. Car Crazy, Barry Meguiar for $96,250. Also sold were the 1903 Waverely Electric Surrey for $110,000 and the 1903 Stearns Suburban for $82,500. One of two cars we featured that did not sell was the 1913 Pathfinder Touring car, which was bid to $90,000.

A giant 1956 Cadillac Eldorado Brougham Town Car Concept sold for $258,500, missing its reserve by $50,000. This car came from the John O’Quinn collection and had gone unsold at at least one other RM event.

From the 1950s we featured a 1953 Nash-Healey and a 1954 Allard K3. The Nash-Healey brought $71,500, just short of my projection and the Allard was a relative steal at $57,750 – less than half of what a similar car (or the same one) was listed as “for sale” for a few months back.

Other pre-war cars that sold were the very rare Brewster-Knight that sold for $88,000. And that wonderful, purple Isotta Fraschini sold for $407,000 – dead on what I said it would bring (no I’m not bragging). Also sold was this amazing 1937 Cord 812 SC Sportsman Convertible Coupe. One of 64 – yours for $385,000.

Supercar fans could have had their choice of our featured Tom Walkinshaw Racing prepared 1993 Jaguar XJ220 S that sold for $230,000. Or the always popular Ferrari F40, this a 1991 model that brought an astounding $781,000.

The other Ferrari we featured, a 1983 512 BBi sold for $96,250. And the other Jaguar, a 1967 Series I E-Type went unsold. There was another very rare old Ferrari at this sale, a 1952 342 America Coupe Speciale by Pinin Farina – one of six built and one of only three coupes built by Pinin Farina. It sold for $632,500.

There was a Duesenberg Model J sold at this sale and I’ve said previously that we’d feature every Model J Duesenberg that comes up for sale if at all possible. Well, we ran out of time before the sale. Once we clear the backlog and get caught up we’ll be sure to have a rundown of that car.

For complete auction results, click here.

Gooding Scottsdale Highlights 2012

Posted on February 2, 2012 by classiccarweekly

Gooding & Company’s Scottsdale auction featured some major cars selling for some major cash – $39,833,900 all told. It was also one of the more successful auctions in recent memory, with only two cars going unsold for not meeting their reserves. Top sale at this auction was a 1955 Mercedes-Benz 300SL Alloy Gullwing. Mercedes-Benz built 29 aluminum-bodied 300SL coupes and this is number six. This is as desirable as Gullwings come and it exceeded it’s estimate by $1.5 million, selling for $4,620,000.

Also, somewhat shockingly, every car we featured here on this site from Gooding’s auction sold. The 1930 Duesenberg Model J Disappearing-Top Convertible Coupe sold for $2,640,000, which was the third highest at the sale. Second place went to the 1959 Ferrari 250GT California Spider – a car that Gooding seems to find one of for each of their sales. Where are these things coming from? It brought $3,905,000.

Other million dollar sales included the 1971 Lamborghini Miura P400 SV we featured a few weeks ago, selling for $1,100,000. There was also this matching-numbers 1967 Ferrari 275 GTB/4 which sold for $1,200,000.

The final million dollar sale went to this awesome 1965 Ferrari 500 Superfast which was hammered away for $1,100,000. It’s one of only 36. It has 400 horsepower – more than just about every muscle car of its day – but the shape of it is so much sleeker than a GTO or Mustang. Super fast indeed.

Two cars that Gooding promoted heavily in the lead up to the auction also showed well. There was a brilliant green 1971 Maserati Ghibli 4.9 SS Spyder which split its pre-sale estimate, selling for $880,000.

Also, this 1969 Iso Grifo 7 Liter – one of only 66 Grifos built with the 7.0 liter V8 making more than 400 horsepower. A 1960s supercar in crazy purple paint? Yes, please. It satyed nearer its lower estimate at $352,000.

Another purple exotic was the 1927 Bugatti Type 38A Tourer by Figoni that we featured. It brought a hefty $495,000. Among our other featured cars, the 1967 Trident Clipper V8 was a steal, missing its estimate entirely and selling for $39,600. Our final feature car was an unbelievable 1937 BMW 328 which was well bought for $517,000. Another rare BMW sold there too, this 1958 507 Roadster. While not as good-looking as the car offered by RM across town, it still rang up a hefty $962,500.

Other interesting sales included a 1938 American Bantam Roadster which far exceeded its pre-sale estimate of $35,000-$55,000 and ended up selling for $90,200. Cute sells.

There was also an ultra-rare 1969 Chevrolet Corvette L88 Coupe. The car is a survivor – unrestored in Monaco Orange with less than 18,000 original miles. This was the king of Corvettes in 1969 – the L88 option got you more horsepower than a ZL1. This car was rated at 430 horsepower but likely put out more like 560. It doesn’t play around. And neither does its hammer price of $451,000.

And from the fun-file: this 1963 Volkswagen Beetle Sunroof Sedan – which sounds pretty normal from the name of it. Until you see it:

This car was featured in the film Herbie Goes to Monte Carlo. There are desirable, well-optioned Volkswagens, but people are going to recognize this one. And for $66,000 ($15,000 below it’s pre-sale estimate) it’s going to be a lot of fun. For full results click here.

Ferrari 250 California

Posted on January 9, 2012 by classiccarweekly

1959 Ferrari 250 GT LWB California Spider

Offered by Gooding & Company | Scottsdale, Arizona | January 20-21, 2012

Photo – Gooding & Company

There are a handful of Ferrari models that stand above the rest. The 250 line contained a few of those, among them, this 250 GT California Spider. This is the long-wheelbase model that was produced from 1957 through 1959. Only 45 were built. It features a 3.0 liter V12 making 237 horsepower.

The original drop top 250 was the Pininfarina Cabriolet Series I, designed by Pininfarina (obviously). Closer to 200 of these were built, making the Scaglietti-designed California Spider much rarer.

In 1960, Scaglietti replaced the LWB California with the Short Wheelbase version and made about 55 of them (a replica SWB car was what Ferris Bueller kicked out of the window). The most expensive California to change hands was a SWB for almost $11 million back in 2008.

The pre-sale estimate on this car is $3,400,000-$3,800,000. More info on this car is available here with more on Gooding in Scottsdale, here.

Update: Sold $3,905,000.

410 Superamerica by Scaglietti

Posted on December 5, 2011 by classiccarweekly

1957 Ferrari 410 Superamerica

Offered by RM Auctions, Phoenix, Arizona, January 19-20, 2012

Sergio Scaglietti, whose Carrozzeria Scaglietti bodied this outstanding Ferrari 410 Superamerica, passed away about two weeks ago. Ferrari built less than 35 410 Superamericas, and this is the only Scaglietti-bodied car.

The stainless steel of the roof and amazing looking tailfins are quite striking. There is much sparkly, shiny silver chrome and steel on this otherwise red car that it makes a grand statement just sitting there.

The 410 used a 5.0 liter V12 that produced 335 horsepower in Series I guise. This Series II car (just one of six) makes even more. In their day, these were the exclusive Ferraris – costing more than twice the amount of a brand new 300SL Gullwing.

That price difference is evident today when Gullwing Mercedes’ are bringing closer and closer to a $1 million each. This car is estimated to fetch between $1.75 million and $2.25 million. More info on the car is available at RM’s site here and more information on the auction, here.

Update: Sold $1,815,000.

Ferrari 512 BBi

Posted on December 1, 2011 by classiccarweekly

1983 Ferrari 512 BBi

Offered by RM Auctions, Phoenix, Arizona, January 19-20, 2012

The Ferrari 512 BBi was the last of the Berlinetta Boxers built by Ferrari. The cars used a mid-mounted 4.4 (and later 5.0. for the 512) flat-12 (hence the name “Boxer”) – although a flat-12 is essentially just a 180° V-12. The first of the Berlinetta Boxers was the 1973-1976 365 GT4 of which just 387 were produced.

The 512 BB was introduced in 1976 and lasted until 1981 when fuel-injection was introduced to the line. The fuel-injected BBi was a car that could be more easily lived with on a daily basis. I’m pretty sure I could “live with” a 340 horsepower Ferrari on a daily basis if I had to.

It’s an attractive car that remain desirable – a must have for any Ferrari collector. Just over 1,000 BBis were made between 1981 and 1984. The average auction price for these cars over the past few years is almost right at $100,000. Some more, some less. For more info on this car try here and for more on RM in Arizona, here.

Update: Sold $96,250.