Bonhams Quail Lodge 2014 – Auction Results

1962 Ferrari 250 GTO
1962 Ferrari 250 GTO sold for $38,115,000

The Bonhams Quail Lodge 2014 Auctions were held Thursday, August 14th and Friday, August 15th on the grounds of the Quail Lodge in Carmel Valley, California, resulting in $108 million in total sales and a 92% sell-through rate.

Held in connection with the Quail Motorsport Gathering, the 17th Bonhams sale held during Monterey Classic Car Week featured the 10-car Maranello Rosso Collection on Thursday and more than 100 vehicles on Friday.

The top result at the 2014 Bonhams Monterey Week auction went to the 1962 Ferrari 250 GTO that sold for $38,115,000. The sale price for the GTO broke the all-time auction record set only last year by the 1954 Mercedes-Benz W196R that Bonhams sold for $29,650,095 at their Goodwood Festival of Speed sale.

Robert Brooks, Chairman of Bonhams, said, “It’s been a genuine privilege to represent this outstanding car and we are absolutely delighted. We’ve always maintained that we would exceed the current world record and that the car would bring between $30-$40-million and the GTO did just that.”

Other cars from the Maranello Rosso Collection of ten Ferraris also sold well for a combined total $65,945,000. (See Maranello Rosso Collection Auction Report).

After Thursday night’s record-breaking sale of the GTO, Bonhams went on to set several more records for Maserati, Mini, Napier, Rolls-Royce, Speedwell and Ferrari.

In addition to the record-breaking sale of the GTO, Bonhams broke an additional seven Ferrari model records, including a 1966 Ferrari 275 GTB – Bonhams’ catalog cover car – that sold for $3,850,000 for the steel-bodied, non-competition, 3-carburetor model record. Further notables included the 1958 Ferrari 250 GT Series 1 Cabriolet that sold for $6,820,000, the 1973 Ferrari 365 GTS/4 Daytona Spider that made $2,640,000, a 1993 Ferrari F40 LM at $2,200,000 and a 1967 Ferrari 330 GTC that brought $1,017,500.

Further results included the 1912 Speedwell 12-J Speed Car – the only Speed Car in existence – that surpassed estimates to achieve $869,000, the 1962 Austin Mini Beach Car that made $181,500, more than any customer Mini sold at auction and the 1963 Rolls-Royce Phantom V Touring Limousine that belonged to the King of Rock ‘n’ Roll that sold to an American collector for a record $396,000.

Records were also made for models from Maserati and Napier when a 1967 Maserati Ghibli 4.7-Liter Coupe realized $385,500 and its convertible counterpart, a 1969 Maserati Ghibli 4.7-Liter Spider, achieved $814,000, while the 1908 Napier Type 23A 45 HP 7-Seater Touring sold to a American collector for $1,034,000.

Bonhams Quail Lodge 2014 – Top Ten Auction Results

1. 1962 Ferrari 250 GTO Berlinetta – $38,115,000
2. 1953 Ferrari 250 MM Berlinetta – $7,260,000
3. 1962 Ferrari 250 GT SWB Speciale Aerodinamica – $6,875,000
4. 1958 Ferrari 250 Series I Cabriolet – $6,820,000
5. 1966 Ferrari 275 GTB Coupe – $3,850,000
6. 1973 Ferrari 365 GTS/4 Daytona Spider – $2,640,000
7. 1978 Ferrari 312 T3 Formula 1 – $2,310,000
8. 1993 Ferrari F40 LM – $2,200,000
9. 1963 Mercedes-Benz 300SL Roadster – $1,897,500
10. 1948 Talbot-Lago Record T26 Grand Sport Coupe – $1,485,000

For complete auction results, visit Bonhams.com/Quail.

James Knight, Bonhams Global Head of Motoring, said, “The growth of the Bonhams motorcar department over the past few years has been tremendous, particularly in the USA. The 2014 Quail Lodge auction clearly demonstrates Bonhams’ position as a serious player and the go-to auction house to achieve world records. We already have some exciting motorcars lined up for our next auctions both in American and in Europe.”