The Bonhams Quail Lodge 2016 auction was held Friday, August 19th on the grounds of the Quail Lodge in Carmel Valley, California, resulting in $34.8 million in total sales and an 88 percent sell-through rate.
Held in connection with the Quail Motorsport Gathering, the 19th Bonhams sale held during Monterey Classic Car Week featured more than 115 vehicles. Several world records were achieved by Bonhams with James Knight and Rupert Banner acting as the event’s auctioneers. The star of the show, the 1931 Bugatti Type 51 Grand Prix Racer of Lord Howe fame, sold to a private collector post-block the auction for $4,000,000, a new world record for the model.
The 2014 Ferrari LaFerrari, the first to be offered publicly, sold for $3,685,000. At the other end of the automobile evolution spectrum, the 1904 Mercedes-Simplex 28-32hp Five-Seat Rear Entrance Tonneau also established a world record for the model when it went for $2,805,000. Another record-making vehicle was the 1955 Lamborghini DL25 Tractor that was purchased for $110,000.
A host of other model records were set by Bonhams for cars from Ferrari, Hudson, Maserati, Renault and Stutz, while many million-dollars cars secured the auction’s top positions. Examples include the 1985 Ferrari 288 GTO that made $2,112,000; the 2015 McLaren P1 that sold for $2,090,000; the Lancia Aurelia B24S Spider America that achieved $1,402,500; the Duesenberg Model J Town Cabriolet that went for $1,254,000 and the 1989 Ferrari F40 was purchased for $1,155,000.
Other automobiles that did well were the rally cars. The 1984 Peugeot 205 Turbo 16 and the 1983 Renault 5 Turbo II — both of which are uncommon sites on this side of the Atlantic, found no shortage of interested bidders and sold for $198,000 and $132,000, respectively.
“We achieved some strong results here during the Monterey Car Week but I was especially heartened by the depth of bidding and sell-through rate achieved,” said Bonhams Director of Motoring James Knight. “Our international team were in attendance servicing a worldwide clientele, and whether it’s making records this month in the US or next month in the UK, the Bonhams motoring group, as market leaders, is one of the finest anywhere.”
Bonhams Quail Lodge 2016 – Top Ten Auction Results
1. 1931 Bugatti Type 51 Grand Prix – $4,000,000
2. 2014 Ferrari LaFerrari Coupe – $3,685,000
3. 1904 Mercedes-Simplex 28-32hp Five-Seat Rear Entrance Tonneau – $2,805,000
4. 1985 Ferrari 288 GTO – $2,112,000
5. 2014 McLaren P1 – $2,090,000
6. 1955 Lancia Aurelia B24 Spider America – $1,402,500
7. 1930 Duesenberg Model J Murphy Town Car – $1,254,000
8. 1989 Ferrari F40 – $1,155,000
9. 1956 Porsche 356A Carrera GS Speedster – $891,000
10. 1965 Shelby Cobra 289 – $880,000
Added Jakob Greisen, Head of US Motoring, “We love cars at Bonhams and what a pleasure it is to experience this incredible week every year. Bonhams has an excellent reputation for delivering fresh-to-market cars from a wide diversity of interests, and whether that’s a Brass Era motorcoach or a modern supercar, each represents the finest of its class, and this year was no different. Our clients’ confidence in us was well placed and we’re very pleased with the success.”