Peerless GT

Posted on June 1, 2015 by classiccarweekly

1959 Peerless GT

Offered by Russo & Steele | Newport Beach, California | June 5-7, 2015

Photo – Russo & Steele

The Peerless GT is a very attractive four-seat grand tourer that was built in limited numbers in the U.K. between 1957 and 1960. It was the only car Peerless ever built, even though the company could trace its roots back to World War I, when they serviced American Peerless trucks.

It’s a fiberglass body and uses the drivetrain components from a Triumph TR3. The engine is a 2.0-liter straight-four making 100 horsepower, so it slightly out-powers the TR3. Some of these were used in racing and there was even a factory Le Mans effort in 1958. When Peerless folded in 1960, the car lived on through 1962 as the Warwick GT.

Only about 325 Peerless GTs were built. They certainly aren’t common but they are around. Seriously, this is a pretty car, isn’t it? Even if it’s a little Aston Martin-ish, it’s still distinct. $45,000 will buy you the best one around. Click here for more info and here for more from this sale.

Update: Not sold.

Scottsdale 2015 Auction Highlights

Posted on January 24, 2015 by classiccarweekly

January is a big month for auctions, so let’s get right into it: Bonhams in Scottsdale. The top sale there was this 1966 Ferrari 275 GTB/C for $9,405,000.

Photo – Bonhams

Two of our feature cars didn’t sell, the Aston Martin DB5 and the Ferrari 250 Europa. Our featured Humber brought $148,500 and the Mazda Cosmo $110,000. Check out full results here.

Next up was Barrett-Jackson’s mega-sale where our featured 1966 Shelby Cobra 427 Super Snake was the top sale, after it crossed the block for $5,115,000. The next two top sales were the GM Futurliner (which was actually sold for charity) for $4,000,000 and the Pontiac Bonneville Concept for $3,300,000. The Pininfarina X Sedan brought $330,000.

Since the top sale was one of our feature cars, we’ll go ahead and name this 1940 Cadillac Series 75 Towncar by Brunn as Most Interesting, among the seemingly infinite number of interesting cars offered this weekend. It was well-bought at $115,500.

Photo – Barrett-Jackson

Most of the cars at Barrett-Jackson are sold at no reserve, meaning the the highest prices takes it, no matter what. But once the “Salon Collection” of really nice classics rolled across the block, it became a parade of No Sales. Among them, our feature cars: 1953 NASCAR Corvette, a previously featured Duesenberg, the Chrysler ST Special, and the Lotus Turbine Indy Car.

The very interesting Packard Sightseeting Bus sold for $291,500. The Perana Z-One sold for $73,700 and the Caddy Northstart LMP brought $104,500. Check out full results here.

Next up is RM’s sale, which was technically in Phoenix. Their top sale was this 1964 Ferrari 250 LM by Scaglietti which was sold for $9,625,000.

Photo – RM Auctions

Our three feature cars from this sale all sold, with the Miura SVJ bringing the biggest sum at $1,897,500. The Ghia L6.4 brought $412,500 and the Lightspeed Magenta sold for $16,500. Check out full results here.

The fourth auction of this rundown is Gooding & Company’s Scottsdale sale where – you guessed it – another Ferrari topped the sale. This time it’s a 1959 250 GT LWB California Spider for $7,700,000.

Photo – Gooding & Company

Our two feature cars both sold, with the DKW exceeding its estimate and selling for $132,000. The Ferrari 641 F1 car brought $990,000. See full results at Gooding’s website.

To round out our Scottsdale coverage, we have Russo & Steele and this 1957 Mercedes-Benz 300SL Roadster as their top sale for $1,430,000.

Photo – Russo & Steele

Our feature car from this sale, the 1959 Echidna, brought an impressive $162,800. Click here for full results.

Echidna

Posted on December 25, 2014 by classiccarweekly

1959 Echidna

Offered by Russo & Steele | Scottsdale, Arizona | January 14-18, 2015

Photo – Russo & Steele

Sports car racing in the United States in the 1950s saw the development of quite a number of one-off and limited-production specials. The Echidna was the brainchild of Ed Grierson, Bill Larson, and John Staver. The cars were built in Hibbing, Minnesota.

They were campaigned in SCCA C- and B-Modified and were powered by 5.6-liter Chevy V-8s making 360 horsepower. They were beasts on the track, competing against Ferraris, Maseratis, and Jaguars. An Echidna won the ’59 B-Modified Championship and they had a great racing record.

Only two or three Echidnas were built and they were popular and quick in their day, besting some of the best purpose-built racers that Europe had to offer. It’s perfect for vintage racing today. Click here for more info and here for the rest of Russo & Steele’s Scottsdale lineup.

Update: Sold $162,800.

August 2014 Auction Recap

Posted on August 23, 2014 by classiccarweekly

August was a record-setting month for the classic car industry. The first sale of the month was Auctions America’s California sale where this 1960 Mercedes-Benz 300SL Roadster topped the numbers at $1,155,000.

Photo – Auctions America

Our featured Chrysler Plainsman sold for an impressive $176,000. You can check out full results here.

We didn’t feature anything from Barrett-Jackson’s Reno sale, and frankly I don’t have the time to sift through their site looking for highlights as the process there is just too clunky. So we’ll move on.

Auctions in August of course means Monterey and Pebble Beach. We’ll start with the star of the weekend: Bonhams and their Ferrari 250 GTO which ended up bringing $38,115,000, an all-time record price for any car at auction. It’s an appropriate price for the car, and not the stratospheric number many predicted. It’s a good sign. We featured a number of cars from Bonhams, including this Kissel Kar, which sold for $140,800. The other Ferrari we featured, the 1978 321 T3 F1 car sold for $2,310,000. And the other F1 car, the Brabham-Cosworth, sold for $1,034,000.

Our featured Porsche 908/03 failed to sell. Our pick for the most interesting non-feature car that sold goes to this 1913 Pope-Hartford Model 31 Portola Roadster for $192,500.

Photo – Bonhams

Our other feature cars both sold: the Speedwell brought $869,000 and the 1908 Napier $1,034,000. Check out full results here. Next up, Mecum in Monterey, where this 1961 Ferrari 250 Series II Cabriolet was the top seller for $2,250,000.

Photo – Mecum

None of our feature cars broke the million dollar mark, although the Kremer-Porsche was close at $930,000. A Duesenberg we featured a long time ago and failed to sell a couple of times before, finally sold here for $1,425,000. The Shelby Turbine car failed to sell, as did the Lester-MG.

Two cars we featured a long time ago that failed to sell also turned up at this sale and failed to sell again. They were the Delage Aerosport and a 1910 Locomobile. The Avia III race car we featured from a dealership was offered here, but it too failed to meet its reserve. The one-off Lazzarrino did sell, for $135,000. Check out full results here.

RM’s Monterey sale was just as impressive as Bonhams. The top seller was the #2 of the weekend, the 1964 Ferrari 275 GTB/C Speciale, at $26,400,000. The Ferrari 250 GT N.A.R.T. Spider brought $1,017,500. The Ferrari F1-2000 sold for $1,804,000. But the Ferrari 333 failed to sell, as did the March-Cosworth. The AAR Eagle-Santa Ana sold for $104,500. What a choppy paragraph.

Cool, non-feature cars were topped by this 1962 Maserati 3500 GT Spyder by Vignale for $764,500. RM also sold the prototype of this model for considerably more, making this seem like a deal.

Photo – RM Auctions

The Ford GT40 Roadster Prototype brought $6,930,000 and the Lancia PF200 C sold for $1,100,000. This 1965 Shelby Mustang GT350 Paxton Prototype was a car I wanted to feature but didn’t get a chance to. It sold for $572,000.

Photo – RM Auctions

Our other three feature cars were all much older. The amazing 1926 Rickenbacker sold for $946,000. The Stevens-Duryea went for $302,500 and the 1911 Mercer Raceabout, $2,530,000. Check out full results here.

Next up, Gooding & Company: $15,180,000 took home this top-selling 1961 Ferrari 250 GT SWB California Spider.

Photo – Gooding & Company

Our top feature car was the Maserati 250F for $4,620,000 and the Alfa Tipo 256 was right behind it at an even $4,000,000. Our featured Duesenberg and Ferrari 330 GT Speciale both failed to meet their reserves. The AAR-Toyota Eagle GTP brought $1,045,000. Check out full results here.

Last but not least on the Monterey peninsula, Russo & Steele. Our only feature car was the Lola-Mazda from the 80s – it brought $132,000. The top sale was this 1956 Mercedes-Benz 300SL for $1,320,000. Check out full results here.

Photo – Russo & Steele

Prototype Race Cars in Monterey

Posted on August 14, 2014 by classiccarweekly

Prototype Race Car Rundown

Offered during the Pebble Beach auction weekend | August 15-17, 2014

1995 Kremer-Porsche 962 K8 Spyder

Offered by Mecum

Photo – Mecum

The K8 was an evolution of the Porsche 962. Porsche withdrew from the 1995 24 Hours of Daytona due to last minute rule changes. The Kremer brothers of Germany had been producing Porsche race cars since 1962 and they entered this “K8 Spyder” – which had been a Porsche 962 in a previous life. It uses a twin turbo 3.0-liter flat-six and only four were built. This car won the 1995 24 Hours of Daytona with drivers Jurgen Lassig, Christophe Bouchut, Giovanni Lavaggi, and Marco Werner. It also raced at Sebring and Le Mans that year without victory. It maintains its race-winning livery today. It should sell for between $900,000-$1,500,000. Click here for more.

Update: Sold $930,000.

1992 AAR-Toyota Eagle Mk III GTP

Offered by Gooding & Company

Photo – Gooding & Company

We’ve featured some of Dan Gurney’s Eagles – mostly open-wheel cars. Well here is a GTP prototype AAR Eagle. It’s powered by a turbocharged Toyota 2.1-liter straight-four making 700-750 horsepower, depending on configuration. AAR and Toyota teamed up in the 80s for sports car racing and the Eagle Mk III dominated the 1992 IMSA GTP season. Between 1991 and 1993, they won 21 of 27 races. This is chassis #004 and its major wins are:

1992 12 Hours of Sebring – 1st (with Juan Manuel Fangio II and Andy Wallace)
1993 12 Hours of Sebring – 1st (with Fangio II and Wallace)

It also had 12 other victories and has been owned by Fangio II since it stopped racing. It is being offered for sale for the first time and should sell for between $700,000-$1,000,000. Click here for more info.

Update: Sold $1,045,000.

1984 Lola-Mazda T616

Offered by Russo & Steele

Photo – Russo & Steele

The Lola T600 was new for the Group C category in 1981. For 1984, it was updated to the T616. They teamed with BF Goodrich racing and Mazda to run these cars for the 1984 season. Russo & Steele is also offering the sister car for sale, too. The engine is a 300 horsepower 1.3-liter twin-rotor Wankel. Here’s a brief rundown of its competition highlights:

1984 24 Hours of Daytona – 31st (with Jim Busby, Rick Knoop and Boy Hayje)
1984 1000km Monza – 1st in class (with Busby and Knoop)
1984 24 Hours of Le Mans – 12th, 1st in class (with Busby, Knoop and Hayje)
1984 1000km Nurburgring – 2nd in class (with Busby and Peter Halsmer)
1984 1000km Fuji – 3rd in class (with Busby and Halsmer)

The pair of cars were stored after 1984 until original drivers Knoop and Busby found them and restored them. You can buy them now and read more here (and check out the rest of Russo & Steele’s lineup here).

Update: Sold $132,000.

1998 Ferrari 333 SP

Offered by RM Auctions

Photo – RM Auctions

The 333 SP is an interesting Ferrari. The Scuderia hadn’t gone sports prototype racing in a long time and with this car, they kind of still didn’t. Dallara designed the chassis (and built nine of the cars) and Ferrari never fielded a factory effort with the cars, instead selling them to privateers so they could campaign them.

The engine is a 4.0-liter V-12 making 650 horsepower. This is the most-successful 333 SP built, with the following achievements:

1998 24 Hours of Daytona – 1st (with Arie Luyendyk, Mauro Baldi, Giampiero Moretti and Didier Theys)
1998 12 Hours of Sebring – 1st (with Theys, Moretti and Baldi)
1998 24 Hours of Le Mans – 14th (with Theys, Moretti and Baldi)

The car still has its MOMO livery (MOMO being the company Daytona winner Giampiero Moretti founded). It is one of 40 ultimately built (Ferrari built five in addition to Dallara’s nine. Michelotto built the rest). RM didn’t publish an estimate, but you can read more here.

Update: Not sold, high bid of $3,400,000.

1970 Porsche 908/03 Spyder

Offered by Bonhams

Photo – Bonhams

The Porsche 908 was their prototype racer from 1968 through 1971. It replaced the 907 and preceded the 936. It’s basically a little wedge with two Batmobile-like fins out back. The engine is a 3.0-liter flat-eight making about 370 horsepower. It could top out around 180 mph. The /03 was the third evolution of the 908 and was made for 1970 and 1971 only. This car was never raced, instead used for extensive testing by the Porsche factory team. It is one of 13 908/03s built. This car, chassis #002, should sell for between $1,800,000-$2,300,000. Click here for more info.

Update: Not sold.

Lola-Mazda T616

Posted on August 14, 2014 by classiccarweekly

1984 Lola-Mazda T616

Offered by Russo & Steele | Pebble Beach, California | August 15-17, 2014

Photo – Russo & Steele

1984 24 Hours of Daytona – 31st (with Jim Busby, Rick Knoop and Boy Hayje)
1984 1000km Monza – 1st in class (with Busby and Knoop)
1984 24 Hours of Le Mans – 12th, 1st in class (with Busby, Knoop and Hayje)
1984 1000km Nurburgring – 2nd in class (with Busby and Peter Halsmer)
1984 1000km Fuji – 3rd in class (with Busby and Halsmer)

Update: Sold $132,000.

June 2014 Auction Recap

Posted on July 5, 2014 by classiccarweekly

Onto June’s highlights. First up was Bonhams’ sale in Greenwich, Connecticut. The top sale there was a crazy sum for this 1975 Lamborghini Countach LP400 Periscipica. The price? $1,210,000. Yikes!

Photo – Bonhams

The legendary Fitch Phoenix brought $253,000. And our featured Stoddard-Dayton sold for $170,500. This cool 1927 Essex Super Six Boattail Speedabout caught my eye for $55,000.

Photo – Bonhams

Our featured De Dion-Bouton went for $93,500. And the 1911 Reo Express sold for $22,000. Click here for full results. Continue reading →

2014 Scottsdale Highlights III

Posted on January 25, 2014 by classiccarweekly

Next up from Scottsdale is Gooding & Company’s results. The top sale was our featured Ferrari 250 GT Series I Cabriolet for $6,160,000. The second-biggest sale was our featured BMW F1 GTR Longtail for $5,280,000. Interesting sales were topped by this 1952 Ferrari 212 Inter by Vignale for $1,787,500.

Another cool Ferrari was this 1961 Ferrari 250 GT Coupe Speciale by Pininfarina for $2,365,000.

Our featured Siata Daina sold for $247,500. The Cunningham C-3 brought $550,000. This super cool 1972 Alpine A110 1800 slipped under my radar and I didn’t get to feature it. It brought $302,500 anyway.

Other cool cars included this 1954 Arnolt-MG Cabriolet for $110,000.

This sale’s featured Duesenberg sold for $2,090,000. The Hispano-Suiza K6 sold for $621,500. And finally, this 1923 Citroen Type C2 TL Drophead Coupe sold for $59,400. Check out full results here.

And our final bit of coverage from Scottsdale is Russo & Steele’s sale. Our featured McKee Mk IV brought $260,000. The top sale was this 1966 Lamborghini 350GT for $742,630.

Cool cars have to be topped by this 1958 Plymouth Sport Suburban Wagon that sold for a strong $65,000. You can check out full results here.

McKee Can-Am Racer

Posted on December 13, 2013 by classiccarweekly

1965 McKee Mk IV

Offered by Russo & Steele | Scottsdale, Arizona | January 15-19, 2014

Can-Am was the coolest of race series. The rules were essentially: it must have two seats and four fenders. Other than that, anything goes. Unlike most racing series today, innovation was the key driver that bred some of the best race cars of all time (and ultimately killed the series).

McKee Engineering of Palantine, Illinois, was founded by Bob McKee. The company was one of very few in America producing road-racing sports prototypes in the 1960s. This car came about because NASCAR banned Chrysler’s Hemi engine for 1965 and Chrysler decided to sit Richard Petty out of NASCAR that year. They also figured that their Hemi would work well in a sports car, so they commissioned McKee to build this car for Petty to race in the coming Can-Am series.

Well the car was built but wasn’t ready to race until the end of 1965. Petty went back to NASCAR in ’66 and Phoenix, Arizona, Chrysler-dealer Bob Montana was given the responsibility to campaign this 7.0-liter V-8 powered monster. He raced it in USRRC and Can-Am between 1965 through 1967. In 1968, it competed in SCCA events and in 1969 it was retired.

It was parked for 35 years and restored in 2004 and the car has been invited to the Goodwood Festival of Speed and the Monterey Historics since. This is a really cool race car with a pretty interesting history. You can see more here and check out more from Russo & Steele here.

Update: Sold $260,000.

Early October 2013 Auction Roundup

Posted on October 13, 2013 by classiccarweekly

I didn’t forget about Russo & Steele’s Las Vegas sale back in September. I just didn’t have time to squeeze their results into the last post (I write these as far in advance as possible). The top sale there was this 1974 Ferrari Dino 246 GTS for $321,750.

Interesting cars were topped by this 1969 Ford Ranchero Rio Grande Special Edition which went for $18,700.

Finally, there was this cool 1926 Cadillac Model 314 V-8 Four-Passenger Phaeton. It sold for $58,300. Our featured Ginetta failed to sell. Check out full sale results here.

Next up: Bonhams Zoute sale, held in Belgium. The top sale here was this nice 1957 Maserati A6C/54GT coupe by Allemano that sold for $686,439.

Our featured Austin Sheerline sold for $32,761. For interesting cars, I’m going to highlight two rare Porsches. First, a 1980 924 Carrera GT (one of 406 built). It sold for $49,922.

And this 1994 Porsche 911 Carrera RS. It is one of only 55 built and is a pretty serious machine. It sold for an impressive $366,621. Our featured Cottin-Desgouttes sold for $70,204. Check out full results here.

And finally (for this post, there will be at least one more October post), RM’s annual Hershey sale. I love this event because RM finds some really old cars and not necessarily the biggest money cars. Just interesting stuff. The top sale was this 1933 Chrysler CL Imperial Convertible Roadster by LeBaron. It sold for $704,000.

The second-highest selling car was also one of the most interesting. It was this 1910 Pierce-Arrow 48-SS Seven-Passenger Touring from the golden era of Pierce-Arrows – when they were the greatest cars in the world. It brought $687,500. The picture does not do the size of this grand thing justice.

I featured some of the most interesting cars of the sale. The Firestone-Columbus was apparently scratched from the catalog, as it didn’t even appear in the results. Both of the Schachts sold. The Model R went for a cheaper $19,800 while the earlier Model K sold for $41,250. The 1903 Stevens-Duryea brought $15,400. These two early GM cars were pretty cool: first a 1905 Cadillac Model E Runabout, which went for $71,500.

And second, this 1909 Buick Model G Roadster sold for $52,250.

Here’s a later Caddy. It’s one of two built and was originally owned by Bette Davis. It’s a 1940 Series 60 Special Town Car by Derham. It sold for $165,000.

While we’re on the coachbuilt theme, this 1933 Rolls-Royce 20/25 Enclosed Limousine Sedanca by Thrupp & Maberly is absolutely stunning. It sold for $159,500.

The two “trucks” we featured both sold. The all-original Schmidt Prototype brought $18,700 and the International Harvester was hammered away right at the upper end of its estimate and sold for $44,000. This 1933 American Austin Station Wagon isn’t quite a truck, but it’s still cool for $30,800.

Our featured 1922 Liberty sold for $19,250. The Gardner Roadster brought $49,500. And finally, this 1912 Oakland Model 30 Touring. I love the look of this car from the big white wheels to the big whitewalls and low, folded-down windshield. It’s one I would absolutely love to own. It sold for $49,500. Check out full results here.

I lied. One more. This is from Mecum’s Chicago sale. The top sale (and far and away most interesting sale) was this 1963 Chevrolet Corvette. It was Harley Earl’s personal Corvette that was custom built for him. It is one of four Corvettes ever built with side exhaust like this. It’s one of a kind and sold for $1,500,000. Check out full results here.

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The Most Interesting Cars on the Market

Tag Archives: russo & steele

Peerless GT

1959 Peerless GT

Offered by Russo & Steele | Newport Beach, California | June 5-7, 2015

Scottsdale 2015 Auction Highlights

Echidna

1959 Echidna

Offered by Russo & Steele | Scottsdale, Arizona | January 14-18, 2015

August 2014 Auction Recap

Prototype Race Cars in Monterey

Prototype Race Car Rundown

Offered during the Pebble Beach auction weekend | August 15-17, 2014