Bonhams and Butterfields held its 2010 Quail Lodge auction on August 12-13 at the Quail Lodge in Carmel Valley, California.
Bonhams added a day to its Quail Lodge auction this year but kept the number of cars the same (102 in 2010, 103 in 2009) as last year, ending the musically-interrupted marathon that continued far beyond human endurance in years past and selling many more cars in the process (77.5% against 58.3% last year and 55.8% in 2008 when there were just 77 cars.) It was a very good decision.
The Bonhams Quail Lodge 2010 sale led off on Thursday with Mike Amalfitano’s collection of primarily Porsches highlighted by his 917. Presented in the Interserie Spyder configuration in which Mike had raced it in recent years, and meticulously and carefully race prepared in his Amalfi Racing shop in Jupiter, Florida by Klaus Fischer, it was the star of Thursday night. When the hammer dropped at $3.6 million ($3,967,000 with the commission) a great sigh of relief could be detected not only among the auction-goers in the Quail Lodge tent but throughout the Monterey Peninsula. It set the tone for the rest of the weekend … and the other 42 cars scattered among the five auctions which were estimated at or reasonably expected to bring a million dollars or more.
The Bonhams Quail Lodge 2010 stats are as follows:
Bonhams & Butterfields
Cars Offered / Cars Sold
Sold < Low Est
Sold > High Est
Chg from prior year
102 / 79
103 / 60
77 / 43
It was a great start to the weekend’s auctions, an optimistic and refreshing way to kick off the clamor of commercialism that was to follow, and a welcome relief from the seemingly interminable presentation of prior years.
Bonhams Quail Lodge Auction 2010 – Report
Lot # 657 1951 FIAT 500C Giardiniera Station Wagon; S/N 500C268428; Engine # 500B-272903; Metallic Green/Brown vinyl; Estimate $55,000 – $60,000; Not evaluated, condition; Hammered Sold at $45,500 plus commission of 17.00%; Final Price $53,235 — Bought at Bonhams Greenwich sale in June for $35,100, earning a tidy profit in just two months. (Picture Unavailable).
Lot # 222 1959 FIAT 600 2-Dr. Sedan; S/N 100553647; Red/Grey vinyl, Red piping; Estimate $12,000 – $15,000; Visually maintained, largely original, 3- condition; Hammered Sold at $10,500 plus commission of 17.00%; Final Price $12,285 — Underdash engine gauges, 3-spoke aftermarket steering wheel, Amco shift knob, rubber hood tiedowns, black rubber floor mats. Decent repaint, good interior and tidily cosmetically restored. Michael Amalfitano Collection. No Reserve. Not as cute as an Isetta, but close, as is the price. (Picture Unavailable).
Lot # 250 1954 Jaguar XK 120SE Drophead Coupe; S/N S678097; Dark Green/Tan leather; Beige cloth top; Estimate $60,000 – $70,000; Older restoration, 2- condition; Hammered Sold at $48,000 plus commission of 17.00%; Final Price $56,160 — Chrome wire wheels, blackwall tires, Lucas driving lights, 4-spoke woodrim Moto-Lita steering wheel, fender mirrors, aluminum radiator, 5-speed transmission. Good paint, chrome, interior and very nice wood. Chassis like new. No Reserve. Offered by RM in Ft. Lauderdale earlier this year but unsold, it brought a modest price today which should translate into an enjoyable ownership experience for the new owner. Well bought. (Picture Unavailable).
Lot # 254 1966 Lamborghini 350 GT Berlinetta, Body by Touring; S/N 0358; Engine # 0325; Silver/Black leather; Estimate $135,000 – $155,000; Visually maintained, largely original, 3- condition; Hammered Sold at $144,000 plus commission of 14.86%; Final Price $165,400 — Chrome spoke Borranis, blackwall XWX tires, Heuer chronometer, pushbutton radio. Lumpy, filled sills, blisters in driver’s door bottom. Poor repaint, fair upholstery. Old undercoat on chassis. Weak chrome. Bad car. Sold by RM at Amelia in 2000 for $48,400, then in Monterey in 2002 for $57,200 and by Barrett-Jackson at the Petersen Museum in 2003 for $48,060. The Lamborghini market has improved a lot since then and in the current environment this is an inexpensive price, but fully values this disappointing car, which has some expensive needs. (Picture Unavailable).