Bonhams Quail Lodge 2012 – Auction Report

Bonhams, Quail Lodge, Carmel Valley, California, August 17, 2012

Report and photos by Rick Carey, Auction Editor

Bonhams moved its sale to the back of the Quail Lodge property in 2012 giving itself much more room to maneuver. It also bifurcated its two-day sale, offering motorcycles on Thursday and [mostly] automobile lots on Friday.

In contrast to everyone else at Monterey Week Bonhams puts on a low key auction. With Malcolm Barber on the block the pace is measured, even deliberate. The atmosphere among the bidders is similarly considered and while Bonhams delivers good results there’s none of the histrionics – and occasional irrational bidding – that makes raises the entertainment factor of some of the other auctions. The measured pace seems to make it hard to hold the room’s attention and to keep bidders from wandering off as Friday evening’s festivities begin.

Here are the numbers:

Bonhams Quail Lodge
Cars Offered / Sold
Sale %
Sold < Low Est
Sold > High Est
Average Sale
Total Sales
Chg from prior year
2012
96 / 55
57.3%
70.4%
3.7%
$212,056
$11,663,070
14.2%
2011
129 / 62
48.06%
59.7%
14.5%
$164,706
$10,211,765
-43.3%
2010
102 / 79
77.5%
55.1%
16.7%
$228,224
$18,029,690
37.03%
2009
103 / 60
58.3%
56.7%
13.3%
$219,292
$13,157,529
-36.73%
2008
77 / 43
55.8%
63.4%
9.8%
$483,647
$20,796,800

The important result at Bonhams Quail in 2012 was, by a wide margin, the McLaren F1 GTR which accounted for $3,850,000 of the sale’s final total; without it Bonhams would have been a bit meager, even with the $2,243,000 Ford GT40. Those two cars accounted for 52.2% of Bonhams entire sale.

Bonhams Quail Lodge 2012 – Auction Report

1972 Ferrari 246 GTS Dino
Lot # 410 1972 Ferrari 246 GTS Dino; S/N 04284; Red/Black leatherette; Estimate $240,000 – $260,000; Older restoration, 2- condition; Not sold at Hammer bid of $185,000 – Cromodora Dino wheels, Goodyear Eagle tires, A/C, P/W. Good older paint and interior. Engine is a little oily but very orderly. Aside from a torn window gasket and a paint (or bodywork) flaw on the right rear fender this Dino is nearly like new. Before this weekend we might have scoffed at mid-$200K values for Dino GTSs, but not now. This appears to be a sound and well-maintained car, but even in Monterey this year it is hard to see it being worth more than the reported high bid.
1955 Chrysler C-300 2-Dr. Hardtop
Lot # 429 1955 Chrysler C-300 2-Dr. Hardtop; S/N 3N552088; White/Beige leather; Estimate $55,000 – $65,000; Older restoration, 2- condition; Hammered Sold at $50,000 plus commission of 15.00%; Final Price $57,500 – Chrome wire wheels, Town & Country radio, dual quads, A/C. A quality older restoration now showing some age and use. Good paint and chrome. Stretched front seat cushion but otherwise good inside. Flush fits and, even gaps but doors aren’t blocked flat. Engine is tidy but not remarkable. The first year of Chrysler’s 300 series was a revelation, putting immense power and a race-winning chassis in the hands of luxury-loving businessmen and professionals. It hit a chord and was followed by years of successors. This is a sound, usable and presentable car bought for a modest price that is only a little more than a plebian 205hp ’55 Bel Air hardtop built in vast numbers.
1990 Footwork-Arrows FA11B Formula 1
Lot # 430 1990 Footwork-Arrows FA11B Formula 1; S/N A11B03; White ‘USF&G’/Black carbon fiber; Estimate $50,000 – $60,000; Competition car, original as-raced, 3 condition; Hammered Sold at $47,000 plus commission of 15.00%; Final Price $54,050 – Driven by Michele Alboreto in 1990 without scoring a single point. As-raced and missing some unimportant bits – like its Cosworth DFR. Offered here last year but came up short of selling. With expectations readjusted it found a new owner this year at a price somewhat above ‘garage decor’ money. It will cost a fortune to make it race-ready, however.
1966 Ford GT40
Lot # 434 1966 Ford GT40; S/N GT40P/1033; Red/Black cloth; Estimate $2,000,000 – $3,000,000; Competition restoration, 2+ condition; Hammered Sold at $2,000,000 plus commission of 12.15%; Final Price $2,243,000 – RHD. 302 V-8 with Gurney-Weslake heads, 48 IDA Weber carbs, fire system, Avon racing tires Halibrand centerlock wheels, full two-seat interior. Originally configured by Graber as a road car for Georges Filippinetti, then sold to Jaime Ortiz-Patino who soon re-converted it to race configuration. Burned out to the bare monocoque. Once erroneously identified as 1040 but identified as 1033 on the basis of remaining evidence of fire damage. Restored like new with excellent paint and tight, accurate panel fits. Vintage raced by Tom Armstrong since 1988. Impressively sharp. It says something about the desirability of the GT40 when a car that had at best a lackluster racing career and now trumpets its comprehensive fire damage as the means for conclusive identification of the monocoque, its only surviving element from FAV’s factory, that it commands this much money. This is, all things considered, a much more reasonable price than RM’s $11 million for the mixed Mirage/GT40.
1932 Hupmobile Custom Roadster
Lot # 437 1932 Hupmobile Custom Roadster; S/N 15021; Yellow, Maroon/Green leather; Estimate $75,000 – $100,000; Older restoration, 1- condition; Hammered Sold at $70,000 plus commission of 15.00%; Final Price $80,500 – Orange wire wheels, dual endured sidemounts with mirrors, Depress Beam headlights, chrome hood side vents. Good paint, chrome and interior. A concours quality restoration showing just a little age. Sold here three years ago for $112,320 and still in nearly the same condition with just 173 more miles on its odometer, this is a dramatically styled car with presence bought right at this price.
1964 Huffaker-Genie Mark Ten USRRC
Lot # 440 1964 Huffaker-Genie Mk 10 USRRC Sports-Racer; S/N H120; Dark Blue, White stripe/Black vinyl; Estimate $140,000 – $160,000; Competition restoration, 2 condition; Hammered Sold at $125,000 plus commission of 14.40%; Final Price $143,000 – 357 Chevy, Weber carbs, zoomie headers, Hewland LG500 transaxle, chrome full width rollbar. Raced in USRRC in 1964 by George Koehne. Stored many years after race damage at Riverside. Restored in 1990 and regularly vintage raced. Good cosmetics and appears to be fit and racy; comes with many spares including an engine and alignment jig. This Genie is a desirable entre to some of the most enthusiastic and enjoyable historic racing currently available. Its preparation is above reproach and the spares package is impressive. It is a great value at this price.
1970 BMW CSL Group 2 Coupe
Lot # 445 1970 BMW CSL Group 2 Coupe; S/N 2200093; White, Red and Blue accents/Black cloth; Estimate $150,000 – $200,000; Competition restoration, 3+ condition; Hammered Sold at $190,000 plus commission of 13.58%; Final Price $215,800 – 3.5 liter 350hp six, slide throttle fuel injection, Getrag 5-speed, BBS modular wheels, Goodyear Eagle slicks. Raced when new as a 3 liter. Monocoque and roll structure, plumbing and hardware are super sanitary. Body and paint are a little gnarly, exactly as expected of a regularly campaigned historic race car. FIA HTP, spares include an engine and three sets of wheels and tires. A serious race car, prepared to expected standards and rarely available, so the Quail Lodge bidders jumped on it with this impressive result. A sharp, race-ready ‘Batmobile’ in which the new owner can try to emulate Hans Stuck.
1949 Healey Silverstone for sale
Lot # 448 1949 Healey Silverstone; S/N D13; Engine # B3698; Dark Blue/Tan leather; Estimate $110,000 – $140,000; Visually maintained, largely original, 3 condition; Hammered Sold at $117,500 plus commission of 14.55%; Final Price $134,600 – 2,443cc, dual SU carb 104hp Riley engine, 4-speed, cycle front fenders, steel wheels with hubcaps and blackwall tires. Probably raced when new in the UK but with no other history until 1970, eventually owned by A good, honest sound old car that is largely original with a good older repaint and interior. Clean and orderly but not restored underhood. Shows age but will be perfect as a tour or rally car. Cars like this don’t show up very often. Tidy, orderly, presentable yet evidencing six decades of consistent care and attention without ever having, or needing, to be restored. And a Healey Silverstone is, for its day, exceptionally fast and cool-looking. This Silverstone is a sound value at this price. (photo: Bonhams)
1970 Porsche 935 Race Car
Lot # 450 1970 Porsche 935 Race Car; S/N 9306700161; Red ‘Coca-Cola’/Red cloth; Estimate $300,000 – $350,000; Competition restoration, 3+ condition; Not sold at Hammer bid of $250,000– 3.2 liter single turbo, 660hp, 559 lb-ft torque, Bosch mechanical fuel injection, tube frame, 935 bodywork. Privately built with the ID plate from a Porsche 934. Raced in the U.S., Central and South America but with no conclusive history. Rumored once to have been used as a bank robbery getaway car in Nicaragua. Clean, orderly and prepared for vintage racing. Although the catalog describes this car’s history as “interesting” it might better be classed as “sketchy.” Presentation is very good and recent US historic race history indicates it is thorough and competitive, at least when in the hands of Dennis Aase, but its cloudy origins and history make a price greater than the reported high bid a stretch.
1973 Porsche 911S
Lot # 453 1973 Porsche 911S with Special Wishes RS package; S/N 9113301169; Engine # 6330892; Light Blue/Black leather; Estimate $300,000 – $350,000; Recent restoration, 2+ condition; Not sold at Hammer bid of $230,000– 7-8 inch wide Minilite wheels, Cibie fog lights, Pirelli P7 blackwall tires, braced rollbar, accessory shifter, faired in outside mirrors. Now powered by a blueprinted race-spec 2.2 liter engine with Bosch mechanical fuel injection and a full complement of up-to-date racing modifications. Great new paint, chrome and interior. Restored better than new. A special order Group 3 spec 911S that has now lost most of its originality but been comprehensively restored to very high standards both cosmetically and mechanically, an RS in all but chassis number. Even with the tenuous configuration the quality of materials, workmanship and extensive preparation as well as the potential performance make it understandable why the consignor held out for more money.
1966 Lola T70 Mk 2 GT Coupe
Lot # 454 1966 Lola T70 Mk 2 GT Coupe; S/N SL71/39; White, Blue stripe/Black; Estimate $300,000 – $400,000; Competition restoration, 2+ condition; Hammered Sold at $290,000 plus commission of 13.03%; Final Price $327,800 – RHD. 355 Chevy, Four 48mm Webers, Hewland LG600 transaxle. First configured as a spider for John Mecom, later owned by Carl Haas, Ron Grable and John Williamson all without any notable results. Restored as a coupe. Sharp, fresh restoration. Very good cosmetics, clean and better than new. Still one of the prettiest and sleekest of all V8-powered sports racers, the T70 is a welcome addition to all sorts of historic racing venues. While this one has no significant racing history, it is beautifully and freshly restored and is worth every penny of the price it brought.