Bonhams Scottsdale 2016 – Auction Report

Bonhams Scottsdale 2016 – Auction Report Page Two

1989 Ferrari Testarossa Coupe
Lot # 23 1989 Ferrari Testarossa Coupe; S/N ZFFSA17S000083189; Engine # A04019854; Red/Tan leather; Estimate $90,000 – $130,000; Visually maintained, largely original, 3 condition; No Reserve; Hammered Sold at $118,000 plus commission of 10.00%; Final Price $129,800 – Air conditioning, Momo steering wheel. – Decent repaint with some masking flaws and original interior. Underbody repainted over old undercoat. Falling headliner. Timing belt service two months ago. 42,109 km from new. – A good, sound example bought enthusiastically but in view of recent Testarossa transactions somewhat realistically for a car with known ownership history, consistent maintenance and modest mileage, most of it in Switzerland prior to 2006.
1973 BMW 3.0CSL Coupe Batmobile
Lot # 25 1973 BMW 3.0CSL Coupe Batmobile; S/N 2275449; Engine # 2275449; Polaris Silver/Black vinyl, cloth; Estimate $275,000 – $350,000; Visually maintained, largely original, 3+ condition; With Reserve; Hammered Sold at $310,000 plus commission of 10.00%; Final Price $341,000 – Alloy wheels, Dunlop SP tires, wing, power windows, air dam, chrome fender lips, yellow Hella headlights, roof spoiler, BMW Classic certificate documented. – The full on CSL Batmobile look with good paint and interior, thin trim chrome, repainted old underbody. Clean, orderly engine with metallic dust here and there from wet sanding the repaint. Done to high driver quality standards, not overdone but without cutting corners, either. Represented as the original engine and transmission with the original BMW splitter, wing and roof spoiler. – the flavor of the month surely features a picture of a 3.0CSL with all its aerodynamic appendages because they, despite turning up rarely at auction, have taken off in value and with results like this show no sign of slowing down. A year ago this would have been tremendously expensive, but today it is just expensive, without the adverb.
1978 Ferrari 512 BB Coupe, Body by Scaglietti
Lot # 26 1978 Ferrari 512 BB Coupe, Body by Scaglietti; S/N 24445; Engine # 00274; Red/Black leather; Estimate $275,000 – $325,000; Visually maintained, largely original, 3- condition; No Reserve; Hammered Sold at $230,000 plus commission of 10.00%; Final Price $253,000 – Air conditioning, power windows, Alpine CD changer, Momo steering wheel. – Thick repaint over old paint, lifting in creases and erratically masked. Overspray on old undercoat in the wheelwells. Driver’s seat bolster welting scuffed through. Just a car, quickly dressed up for the auction. Stolen years ago in Europe, recovered in California in the mid-80’s with the engine and transaxle from another BB (s/n 24317.) – Offered at the Keno brothers auction in New York in November where it got a reported high bid of $240,000. I apparently liked it better in the Kenos’ New York style setting, but not so much here in the bright Arizona sunshine, and think it brought a healthy price for an engine-changed BB.
1963 Chevrolet Corvette FI Coupe
Lot # 29 1963 Chevrolet Corvette FI Coupe; S/N 30837S104422; Engine # 3104422FI128RF; Silver Metallic/Black; Estimate $160,000 – $220,000; Cosmetic restoration, 3- condition; No Reserve; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000 – 327/360hp, 4-speed, alloy wheels, narrow whitewalls, WonderBar radio, Positraction. – An older cosmetically restored Corvette with a fresh repaint by someone who tipped the metal jar too much. Engine compartment is older and shows age and miles. Underbody has been repainted over old undercoat. – Sold by Barrett-Jackson in Florida in 2006 for $72,360 and offered at Mecum’s Monterey sale last August with a reported high bid of $100,000. The cataloged history suggests it has led a sheltered life since the late 80’s and the kustom kolor repaint is a big disappointment that figures into the price it brought.
1928 Mercedes-Benz 630K Transformable La Baule, Body by Saoutchik
Lot # 34 1928 Mercedes-Benz 630K Transformable La Baule, Body by Saoutchik; S/N 35813; Engine # 60793; Dark Blue, Blue/Burgundy leather, moiré cloth; Tan cloth top; Estimate $1,000,000 – $1,300,000; Concours restoration, 1- condition; With Reserve; Hammered Sold at $885,000 plus commission of 10.00%; Final Price $973,500 – Chrome wire wheels, wide whitewalls, copper brake drums dual windshields, dual sidemounts with mirrors, opening vee windshield, Bosch headlights. – No known history after the chassis was delivered by M-B to Saoutchik in 1928 until well into the last half of the 20th century. Excellent older paint and cosmetics. Body wood trim is heavily varnished and starting to craze. Underbody and engine are nearly concours quality. The interior with its moiré cloth inserts, like the endpapers of a fine book, is gorgeous. About as close to concours as an old restoration can be. – Very special and elegantly appointed but bulky disappearing top coachwork attracts attention and is typical of most 630Ks, which would need all the horses of the supercharged 6.3 liter six to haul it around. The lack of history or provenance is disappointing, and more than a little unsettling, for such an epic automobile and the gaping hole in its history makes the buyer’s decision to pay this much a tribute to the appeal and allure of the chassis and drivetrain.
1968 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina
Lot # 35 1968 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina; S/N 11781; Engine # 11781; Red/Black leather; Estimate $275,000 – $325,000; Visually maintained, largely original, 3 condition; With Reserve; Not sold at Hammer bid of $215,000 – Sony CD changer, power windows, chrome spoke Borrani wire wheels, Michelin XWX tires, air conditioning. – Repainted assembled a while ago and erratically masked in the process. Good chrome and interior. Original undercoat in the wheelwells. Panels fit flush with even gaps. – Color changed from its original Marrone Colorado over Beige to ubiquitous but generic ‘red’, the presentation of this 365 GT 2+2 is nothing special and the bid it brought could be considered to be sufficient.
1967 Mazda Cosmo Series I Coupe
Lot # 40 1967 Mazda Cosmo Series I Coupe; S/N L10A10260; Engine # 10A1245; White/Black vinyl, houndstooth cloth; Estimate $180,000 – $200,000; Original, with major mechanical repairs, 3- condition; No Reserve; Hammered Sold at $95,000 plus commission of 10.00%; Final Price $104,500 – Pushbutton radio, fender mirrors, hubcaps, Toyo tires. – Decent repaint and new interior. Pitted trim chrome. Stiff, cracked body seals, cracked dashtop patched with black goop. Worn, curled original carpets. Very clean, orderly engine compartment said to have been gone through by a Mazda rotary specialist. Ugly old underbody. A strange, and not reassuring, mix of a little good and a lot that is not good at all. – Offered last August by Bonhams at Quail Lodge with a somewhat higher estimate range and sold here for a price that balances its inherent rarity and technical appeal with its singularly scruffy presentation. It is a car with no good surprises for its next owner, and few technicians with the skill or experience to address them properly. Cataloged as ‘recently undergoing a thorough restoration, … in incredible condition throughout’ it is nowhere close to that standard and Bonhams, having had it at Quail Lodge, should take responsibility for the misleading description, an event which reinforces the importance of never believing a catalog.
1965 Iso Grifo A3 Competizione Coupe, Body by Drogo
Lot # 42 1965 Iso Grifo A3 Competizione Coupe, Body by Drogo; S/N B0213; Engine # 129F12183Q; Red/Black; Estimate $1,300,000 – $1,600,000; Recent restoration, 2- condition; With Reserve; Not sold at Hammer bid of $950,000 – 327/420hp, alloy wheels, Dunlop Racing tires, four Spanish 45DCOE Webers, Marchal headlights, alloy body, covered headlights.. – Road tested for Auto Motor und Sport by Paul Frere in 1965. later Diomante intake with four side draft Weber carbs. Beautiful paint, chrome and interior except for thin chrome on the driver’s window molding. Engine compartment, chassis and underbody were restored like new with some age and use and a few tacky aluminum paint coatings. Displayed at Pebble Beach in 2013. – Yes, it’s a Chebby under the hood, but it’s a gorgeous Drogo-built Bizzarrini design. The rivet-joined body panels are delicious and the value? Well, it’s up to the buyers but closed at the reported high bid this would have been a record price.

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  1. With regards to the Riley RMB, I am not sure that is correct to state: “Riley doesn’t have the same kind of rich history or sporting pedigree that a Jaguar or a Healey does”
    Riley’s was races extensively in the early 30’s with good results, e.g. Le Mans 1933, where a 1.1L Riley Nine came fourth, behind 3 Alfa Romero 8C, and beating both MG’s, Aston Martins. At le mans in 1934 Riley’s occupied 4 of the first 6 places, finishing 2nd, 3rd, 5th and 6th.
    The same Riley engine, as fitted to the one in the auction, powered most of the early Healey cars eg. Healey Silverstone, and modified for use in the BRM grand prix cars, and they where among the first to introduce a twin cam OHV engine in midclass passenger car in 1927, which then with modifications where used until fifties.
    I would say that is more correct that Riley’s are an overlooked British mark, with a rich history.

    1. Niels,
      I concur that the comment minimizes Riley’s history, however it is, as you point out, largely overlooked and has little relevance in the post-WWII period, or to observers (and collectors) whose experience timeline largely begins post-WWII. Among great marques only Bentley has been able to perpetuate a pre-war competition history into the post-war era devoid of any substantial competition activity.
      There is a danger that significant marques/models will become overlooked but that creates an opportunity for astute collectors with a sense of history to pick up interesting cars at modest values and enjoy them while illuminating the uninformed about them.