Bonhams Scottsdale 2016 – Auction Report

Bonhams Scottsdale 2016 – Auction Report Page Three

1956 Ferrari 250 GT Coupe Alloy, Body by Boano
Lot # 44 1956 Ferrari 250 GT Coupe Alloy, Body by Boano; S/N 0609GT; Engine # 0609GT; Ivory, Burgundy roof/Burgundy leather; Estimate $1,500,000 – $1,800,000; Recent restoration, 2 condition; With Reserve; Not sold at Hammer bid of $1,300,000 – Chrome spoke Borrani wire wheels, Pirelli tires, Marchal head and fog lights. – Formerly in the Hans Thulin ‘Consolidator’ collection that folded in the late 80’s. Mechanically restored in 2013, followed by fresh cosmetics by the next owner completed early in 2014. Excellent paint, chrome and interior. Excellent panel fits with flush fits and tight, even gaps. Underbody is like new with only a little evidence of serious use. – Sold by Christie’s in Monaco in 1989 for $504,702 before the bottom fell out, a bundle has been spent recently to bring it back to pristine mechanical and cosmetic condition and the consignor’s decision not to accept the reported high bid is understandable.
1973 Porsche 911 Carrera RS 2.7 Coupe
Lot # 46 1973 Porsche 911 Carrera RS 2.7 Coupe; S/N 9113601446; Engine # 6631401; Grand Prix White, Red “Carrera”./Black vinyl, cloth; Estimate $600,000 – $800,000; Visually maintained, largely original, 3+ condition; With Reserve; Hammered Sold at $477,273 plus commission of 10.00%; Final Price $525,000 Red center Fuchs wheels, Bridgestone tires, headrest seats, tools, Porsche CofA documented. – Represented as the original engine. Good repaint and upholstery. Doors and hood fit well. Wheel rims are clearcoated and starting to craze. Good bright window moldings. Underbody is original and showing age and miles. Cosmetically redone in the 90’s and as attractive as a driver quality RS 2.7 can be, which is very attractive. – Closed post-block with this result and a representative value for a RS 2.7 Touring, even in a market now flush with 911s of all stripes, engines and chassis lengths.
1950 Riley RMB 2.5 Drophead Coupe
Lot # 50 1950 Riley RMB 2.5 Drophead Coupe; S/N 61S7987; Engine # 6598; Old English White Cellulose/Burgundy leather; Burgundy top; Estimate $40,000 – $50,000; Older restoration, 3 condition; No Reserve; Hammered Sold at $48,000 plus commission of 10.00%; Final Price $52,800 – RHD. 2443cc/100hp four with dual SU carbs, white steel wheels with hub caps, Avon blackwall tires, dual wing mirrors, burgundy vinyl boot cover, suicide doors, banjo steering wheel, Jaeger dash clock, wood dash and window trim. – Numerous cracks at the front of the bonnet and long ones on the tail. Faded paint overall. Decent older bumper chrome and fairly tired older brightwork. Sound older wood. Very good upholstery. Tidy underneath. Body was fitted to a 1.5-liter RMA chassis before being put onto this RMB during restoration in the 1990s. Used and certainly showing its age. Offered from the BHA Automobile Museum. – A rare, elegant open-top British automobile, but Riley doesn’t have the same kind of rich history or sporting pedigree that a Jaguar or a Healey does and quickly became forgotten after World War II. That the proceeds of this sale went to benefit medical institutions like Johns Hopkins likely contributed to the motivation behind bidding here, because half of the $52,800 final price would seem like a more realistic result for a rebodied RMB in this condition.
1969 Porsche 911S Coupe
Lot # 56 1969 Porsche 911S Coupe; S/N 119301410; Engine # 6391988; Metallic Blue/Beige leatherette; Estimate $175,000 – $225,000; Recent restoration, 2 condition; No Reserve; Hammered Sold at $190,000 plus commission of 10.00%; Final Price $209,000 – Bosch fuel injection, Fuchs wheels, Michelin tires, electric sunroof, gold brightwork, Blaupunkt cassette stereo, Porsche C of A. – Matching numbers. Very clean, not overly detailed engine bay. Engine cover doesn’t stay open. Very good paint and interior. A relatively recent high quality restoration that wasn’t overdone but just right and leaving a correct, like-new 911S from the first year that the top-end S model got Bosch fuel injection. – Most of the numerous no-reserve 911s at Bonhams this year didn’t do all that well when they crossed the block, selling for well under estimate after tedious and careful bidding. This car was among the best of the bunch in terms of both equipment and condition, however, and was one of the few Porsches to bring the kind of money that we’ve become accustomed to seeing from 911s these days. This may mark a high point for the recently tumultuous course of 911 values as the generous supply of these cars becomes apparent to enamored collectors.
1969 Maserati Mistral 4.0L Coupe, Body by Frua
Lot # 59 1969 Maserati Mistral 4.0L Coupe, Body by Frua; S/N AM109A11742; Engine # AM109A11742; Silver/Blue leather; Estimate $150,000 – $200,000; Visually maintained, largely original, 3 condition; With Reserve; Hammered Sold at $180,000 plus commission of 10.00%; Final Price $198,000 – ZF 5-speed, power windows, chrome spoke Borrani wire wheels, Michelin XWX tires, Carello headlights. – Older clearcoat repaint, good interior and chrome. Wiper scratched windshield and scratched passenger’s window. Several surface rust blisters under the paint and cracked paint on the driver’s door. Front bumper and side window trim rechromed over visible repairs. Original undercoat repainted. Orderly engine in an old compartment with peeling paint. Not the best Mistral, but not the worst, either. – Sold by RM in Paris eleven months ago for $198,216 meaning the consignor dropped $18,000 or so after Bonhams’ sellers’ commission. Considering the car’s condition issues and lack of any support for mechanical attention in its file this is tantamount to a home run. A bullet dodged is one deflected to the next owner.
1953 Fiat 8V Elaborata Coupe, Body by Zagato
Lot # 60 1953 Fiat 8V Elaborata Coupe, Body by Zagato; S/N 106000022; Engine # 104000000043; Grey/Dark Red leather; Estimate -; Recent restoration, 2+ condition; With Reserve; Not sold at Hammer bid of $1,700,000 – Chrome spoke Borrani wire wheels, blackwall tires, grille-mounted driving lights. – Raced when new by Anna Maria Peduzzi, then by Jean-Claude Arifon in France. Updated upon restoration in the U.S. in 2001 with a narrow grille and 5-speed gearbox, class second at Pebble Beach in 2002, then re-restored in the present ownership. Gorgeous instrument layout. Excellent paint, chrome and interior. Restored like new with better cosmetics. – Purists will knock this Otto Vu for its narrow, oval grille but it’s hard to think it detracts from its appearance, purposefulness or history. It was old in essentially the same condition at Gooding’s Pebble Beach auction in 2011 for $1,127,500 and would not have been unfair to the seller at the reported high bid here.
1971 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti
Lot # 62 1971 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 14219; Engine # B942; Red/Beige leather, black bars; Estimate $1,000,000 – $1,200,000; Recent restoration, 2+ condition; With Reserve; Hammered Sold at $1,050,000 plus commission of 10.00%; Final Price $1,155,000 – Chrome spoke Borranis, Michelin X tires, Blaupunkt 8-track stereo, power windows, air conditioning, ANSA exhaust, U.S. version with popup lights and red painted nose panel. – Excellent paint, chrome, interior and everything else. 8,029 miles from new. Despite being restored almost ten years ago it appears freshly restored to better than showroom cosmetics. Neat, sharp engine compartment. Represented as Ferrari Classiche inspected with certification in process. – This Daytona was sold by RM in Monterey in 1998 in nearly pristine original condition: ‘One owner car bought by Don Marsh from Chinetti. 6,532 miles and completely original except for fresh tires. Silver nose panel, alloy wheels, Voxson AM-FM. Good paint and interior but some little surface rust bubbles in the right headlight cover.’ A fortune has now been expended on its 2006-07 restoration, rendering its preservation 18 years ago moot. The current result is what it’s worth in its present better-than-new condition, but brought to today’s preservation-obsessed market as it was in 1998 its value could have been much more. A botched opportunity to preserve rather than re-create history.
1988 Lamborghini Countach LP5000 QV Coupe, Body by Bertone
Lot # 66 1988 Lamborghini Countach LP5000 QV Coupe, Body by Bertone; S/N ZA9CA05A8JLA12269; Engine # L507VA711480; Bianco Polo Park/Black leather; Estimate $350,000 – $500,000; Unrestored original, 3+ condition; With Reserve; Hammered Sold at $270,000 plus commission of 10.00%; Final Price $297,000 – 5.2 liter V-12, Bosch fuel injection, 420hp, 5-speed, OZ telephone dial alloy wheels, Pirelli tires, wing, power windows, air conditioning, Alpine stereo, U.S. spec but with Euro bumpers. – Big, star-shaped cracks right under the windshield. Lots of small chips and cracks on the nose and a big crack on the left rear fender as well as another huge one on the tail. Good, lightly worn interior. Erratic gaps on the hood. All original and showing 34,320 believable km. – The most intriguing feature of this Countach is what its flawed condition says about the way it was built originally. Most buyers have come to expect the perfection of restored, or at least cosmetically redone, Lambos and it isn’t a surprise that the cracks and chips of this one were noticed and reflected in the price. Originality premium? Not in this case, just a used car discount.

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Show Comments (4)

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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.