Bonhams Quail Lodge 2013 – Auction Report

Bonhams Quail Lodge 2013 – Auction Report Page Four

1953 Jaguar XK 120 Roadster
Lot # 173 1953 Jaguar XK 120 Roadster; S/N 674111; Engine # W 9122-8; White/Red; Tan top; Estimate $75,000 – $95,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $76,000 plus commission of 10.00%; Final Price $83,600 – Painted wire wheels, blackwall tires, driving lights, original tool roll, guarantee statement, purchase paperwork – Original owner for 60 years, cosmetically redone in the 90’s. Paint is discolored and showing cracks and touch-ups, brightwork is tired and discolored, interior worn and wrinkled but not stained or torn, dashboard and steering wheel in very good shape, very complete. A presentable driver or below-average JCNA show car, but one with a great story – This would be just a car except for the ownership history by 102 year-old Fred Mack, which is appropriately reflected in its result here.
1955 Mercedes-Benz 300SL Gullwing
Lot # 176 1955 Mercedes-Benz 300SL Gullwing; S/N 1980405500183; Engine # 1989805500184; Anthracite Grey Metallic/Grey, Green plaid; Estimate $900,000 – $1,100,000; Older restoration, 2 condition; Hammered Sold at $1,000,000 plus commission of 10.00%; Final Price $1,100,000 – Polished rim, body color center wheels, hinged steering wheel – Restored in 2005 and well maintained since. Above average repaint in non-original color with only small surface scratches, straight body, very good brightwork, interior barely worn, controls and gauges sound. Crisp, sharp engine compartment. Minor cosmetic flaws reflect enthusiastic post-restoration touring, including two stints on the California Mille. A quality restoration that is wearing very well – In most cases the change from the original Strawberry Metallic to any other color would be a resale value mistake but the present Anthracite Grey Metallic is entirely appropriate and makes a visual statement of the Gullwing’s lines. It had that effect on Bonhams auction ramp during the preview and carried through with this result in Friday’s auction. Gullwings are expensive, but that’s just how it is.
1956 Citroen 2CV 4-Dr. Sedan
Lot # 178 1956 Citroen 2CV 4-Dr. Sedan; S/N 312695; Grey/Blue, Yellow plaid cloth; Grey cloth top; Estimate $12,000 – $18,000; Older restoration, 3+ condition; Hammered Sold at $19,000 plus commission of 10.00%; Final Price $20,900. No Reserve – Roll-back roof, steel wheels – Very good paint overall with some small chips up front, very tidy interior with many new components (including seat cushion), paint loss on accelerator and seat frames, door panels slightly discolored and fading, windshield and windows near perfect, top in good condition. Not concours, but far better than most 2CVs – Maybe the cutest car in Bonhams sale and quite modestly valued by the bidders.
1975 Lamborghini Countach LP400 Coupe
Lot # 179 1975 Lamborghini Countach LP400 Coupe, Body by Bertone; S/N 1120126; Engine # 1120126; Red/Black; Estimate $600,000 – $750,000; Visually maintained, largely original, 2 condition; Hammered Sold at $760,000 plus commission of 10.00%; Final Price $836,000 – Periscopica model, Campagnolo wheels – 3 owners from new, 53,286 km. Good panel fit and paint, freshly restored wheels, new tires. Interior is very tidy with clean, only slightly wrinkled seats and a slightly dusty dashboard. Repainted in 2001, engine refurbished in 2007. Ready to show – The Countach was radical when new, but as this LP400 illustrates the original Marcello Gandini-designed Countach was a much more pure and pleasing thing that the be-winged and spoilered thing that it became in later versions. This is an unusually pure example, as well, and it set a benchmark price.
1910 Mercedes 45hp 4-Seat Tourabout
Lot # 180 1910 Mercedes 45hp 4-Seat Tourabout; S/N 7686; Engine # 10288; Beige, Maroon undercarriage/Maroon leather; Beige cloth top; Estimate $500,000 – $600,000; Older restoration, 3+ condition; Hammered Sold at $1,000,000 plus commission of 10.00%; Final Price $1,100,000 – RHD. Best. 765, Comm 6893, Mot 10288, Wag 7686. Gerhardt kerosene bullseye headlamps, sidelamps and taillight, dual rear spares, blackwall tires, trumpet horn. Leather covered top supports – An ex-Dr. Samuel L. Scher car from the Richard C. Paine, Jr./Seal Cove Museum collection. Restored long ago, probably by Gus Reuter for Dr. Scher. A very high quality old restoration that shows some age but little use. Very good paint, upholstery, wood and brass. Faded but sound top. Double chain drive, expanding shoe rear wheel drum brakes. Crankcase stamped 764 MN 20 Front cylinder block “Mercedes Simplex 10288”. Engine remarkably clean and fresh, little oil film and leaks. Not fresh, but choice and represented as mechanically sound although not driven recently – If you’re not familiar with Dr. Sam Scher, he was New York’s leading plastic surgeon in the 40’s and 50’s. His approach to auto restorations was, if anything, similar to his approach to surgery, but he also bought and provided to aspiring race drivers some of the best cars of the early postwar era. Car collecting wouldn’t be the same experience it is today without the trail blazed by Gus Reuter with Dr. Scher’s support, or Richard Paine’s preservation of Dr. Scher’s collection. This magnificent Mercedes was sold by Bonhams from the Paine/Seal Cove Museum collection in 2008 for $887,000. It is a marvelous car, fully deserving the seven-figure price it brought here. (photo: Bonhams)
1959 Jaguar XK 150S Roadster
Lot # 182 1959 Jaguar XK 150S Roadster; S/N T831474DN; Engine # VS1456-9; Old English White/Biscuit leather; Estimate $160,000 – $190,000; Older restoration, 3 condition; Hammered Sold at $150,000 plus commission of 10.00%; Final Price $165,000 – Chrome wire wheels, non-original 5-speed transmission, period Lucas J headlights, fender mirrors, Lucas driving lights – Average paint showing wear at base of top, very clean undercarriage, brightwork lightly scratched and inconsistent in quality, rear Le Mans badge poorly restored. Interior is discolored and worn, cracked steering wheel, horn button delaminating, fit issues to passenger side of dashboard. Restored for recreational use, presentable and usable tour car condition – This is a magnanimous price for a 3.4 liter XK 150S with this many shortcomings.
1952 Frazer-Nash Le Mans Replica Mk II Roadster
Lot # 187 1952 Frazer-Nash Le Mans Replica Mk II Roadster; S/N 421/200/174; Engine # BS1/116; Red/Red; Estimate $550,000 – $650,000; 4 condition; Hammered Sold at $910,000 plus commission of 10.00%; Final Price $1,001,000 – RHD. Bristol engine, cycle fenders, side-mounted spare tire, factory steel wheels, side exhaust, wind screen, 1952 Sebring veteran, 1952 Earls Court show car – Owned and occasionally raced for many years by George Waltman, from whose estate it is offered. Raced at Sebring in 1953 by the first owner, Duke Donaldson. Engine relocated 6 inches to the rear in the 50’s or early 60’s. In original and as-found/as-raced condition. Faded and chipped paint, dented bodywork, each panel shows a slightly different shade. Old tires need replacement, seats cracked and torn, some gauges appear to be replaced. Complete but tired, and with varying degrees of patination calling preservation use into question – As the parade of Frazer-Nash fans coming by to pay their respects to Waltman’s legendary Le Mans Replica demonstrated, this is a legendary car, but the breathtaking price it brought may be even more legendary. It is, however, eligible for just about any significant event, possibly even the Monaco GP Historique (the GP was run for sports cars in 1952). At this price the new owner has a large financial inducement to get as much psychic income out of it as possible.
1972 Lancia Stratos Stradale Coupe
Lot # 189 1972 Lancia Stratos Stradale Coupe, Body by Bertone; S/N 829ARO001941; Red/Tan leather; Estimate $250,000 – $300,000; Unrestored original, 4 condition; Hammered Sold at $240,000 plus commission of 10.00%; Final Price $264,000 – Aftermarket shift knob, alloy wheels – Stored in a shipping container on the consignor’s Santa Barbara ranch since 1998 and in need of a full recommissioning. Paint faded and bubbling, dings abound, interior equally rough with stained door panels and worn seats, steering wheel well used. Cracked tire sidewalls. Complete but in need of a full restoration – It is going to take a complete teardown and rebuild to return this Stratos to usable condition, so ‘while you’re at it’ why not give the cosmetics the attention they cry out for. This is not a preservation car. At this price the new owner can afford to give the car its due.
1954 Chevrolet Corvette Convertible
Lot # 192 1954 Chevrolet Corvette Convertible; Engine # 0792086F54YG; Polo White/Sportsman Red; Black top; Estimate $60,000 – $90,000; Cosmetic restoration, 3- condition; Hammered Sold at $60,000 plus commission of 10.00%; Final Price $66,000. No Reserve – Identified by its engine number, no chassis number given. Radio, spinner wheel covers, siamesed air filters, unrestored aftermarket hardtop – Brightwork scratched and corroded, one hubcap badly scraped, three hubcaps missing paint, grille showing rust and pitting, interior is fairly tidy, speedometer lens fractured. Paint and panel fit is less than ideal but up to driver standards. Given a quick cosmetic re-do with little attention to details, this is a driver, and not a terribly attractive one at that – The seller should be very happy with this result. It would have been a better value at $56,000 than $66,000.

[Source: Rick Carey]

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  1. Roger sent this inquiry to the SCD mailbox: I’ve just enjoyed your latest weekly update. The photos and reporting are excellent. Any reason the headline car from the Bonhams Quail Auction this year was not reported on? It was their top sale lot and significantly contributed to their huge improvement from 2012 total sale results.

    The answer gets to the challenges in covering auctions, particularly five auctions over 11 sessions in a 4-day span. In the case of Bonhams’ sale of Lot 152, the 1931 Bentley 4 1/2 Liter Supercharged LeMans tourer s/n MS3944 for $4,225,000 hammer, $4,647,500 with commission the answer simply is that every time I headed over to write it up, so did prospective buyers. They surrounded the car and it seemed like most of the time were driven off on a test drive. I never got the chance to make appropriate observations and take notes. It was probably the most demonstrated car in the sale (and seemed to run extremely well.)
    However, not having had the chance to get a close look at it long enough to take appropriate notes I chose not to include it in the narrative report.