Bonhams Scottsdale 2016 – Auction Report

Bonhams Scottsdale 2016 – Auction Report Page Four

1956 Alfa Romeo Giulietta Spider, Body by Pinin Farina
Lot # 71 1956 Alfa Romeo Giulietta Spider, Body by Pinin Farina; S/N 149500861; Engine # AR135442763; White/Red vinyl, Black piping; Black cloth top; Estimate $80,000 – $100,000; Cosmetic restoration, 3+ condition; No Reserve; Hammered Sold at $46,000 plus commission of 10.00%; Final Price $50,600 – 5-speed, silver steel wheels, Pirelli tires, fender mirrors. – Decent repaint, fresh interior and carpets. Mixed chrome with good bumpers but erratic trim. Underbody repainted over old, peeling undercoat. Superficially cosmetically redone to average driving condition. – This is an ostensibly sound, presentable and highly usable Spider Normale that a few short months ago might have been thought to be worth Seventy Large. Today, this result is the new normale and both the seller and the buyer should be satisfied with the transaction’s result.
1966 Lancia Flaminia GT Coupe, Body by Touring
Lot # 72 1966 Lancia Flaminia GT Coupe, Body by Touring; S/N 824103330; Engine # 8231013446; White, Grey roof/Tan leather; Estimate $110,000 – $140,000; Cosmetic restoration, 3 condition; With Reserve; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500 – Floor shift, Grey steel wheels, hubcaps, trim rings, Michelin X tires. – Excellent paint, chrome and new interior let down by chipping where the window sill trim hits the roof pillar, pitted door handles and thin, pitted taillight and front bumper chrome. Clean, orderly engine compartment done to good driver standards. Never comprehensive restored but attended to by a number of Lancia experts over the years and a reassuring mix of attention. – While it is easy to fault this Lancia in detail few of the details noted make a whole lot of difference in a car built and maintained to be driven. Consider the specs: front-mounted V6, 150 (SAE) hp, four-wheel independent suspension, 4-speed transaxle, disc brakes all around. It will find it hard to keep up with a 220hp Ferrari 250 GT Pf Coupe in a straight line, but on the windy, twisty bits the suspension and brakes more than make up the difference. Even taking that into account, though, this is an heroic price.
1961 Alfa Romeo Giulietta Sprint Speciale, Body by Berton
Lot # 73 1961 Alfa Romeo Giulietta Sprint Speciale, Body by Bertone; S/N AR1012000379; Engine # AR0012000769; Red/Tan, Black vinyl; Estimate $150,000 – $180,000; Cosmetic restoration, 3 condition; No Reserve; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500 – 5-speed, silver steel wheels, hubcaps, Pirelli tires, clear windshield deflector. – Good new paint, chrome and interior. Underbody is older, painted assembled but orderly. Door fit is good except for hanging out a little at the bottoms. A workmanlike cosmetic redo of a car recently out of long term Japanese ownership. – Offered at Mecum’s Monterey auction in August with a reported high bid of $120,000. The Sprint Speciale appeals for many reasons, not least its delightful, responsive chassis, strong engine and nearly show car caliber streamlined coachwork. Sprint Speciales’ values were climbing strongly a few years ago but, if this result for a sound and usable example with fresh cosmetics is to be any guide, have tapered off dramatically.
1975 Porsche 911 Carrera 2.7 Targa
Lot # 85 1975 Porsche 911 Carrera 2.7 Targa; S/N 9115410127; Engine # 6581182; Gazelle Metallic, Black “Carrera” and vinyl roof panel/Tan leatherette; Estimate $75,000 – $100,000; Visually maintained, largely original, 3+ condition; No Reserve; Hammered Sold at $50,000 plus commission of 10.00%; Final Price $55,000 – Bosch fuel injection, Black Fuchs wheels, Falken tires, whale tail spoiler, Blaupunkt Portland cassette stereo. – Replacement engine from a later 911 SC. Good older repaint with a handful of chips on the nose and hood. Wavy roof vinyl. Used but tidy engine bay. Lightly cracked seat upholstery and lightly worn switchgear. Repainted at some point but largely original and lightly enjoyed. With a replacement engine and an unknown early history, it’s destined to be a driver rather than a collector showpiece. – The bidders didn’t much discount the replacement engine or the condition and bid this car to a result that would be more appropriate for a freshly restored example, although it was close to the $52,000 this car brought at Mecum Monterey last year and still well short of Bonhams’ generous low estimate.
1923 Mercer Series Six Sporting
Lot # 90 1923 Mercer Series Six Sporting; S/N 20024; Engine # 10124; Dark Green, Black fenders/Black leather; Dark Grey cloth top; Estimate $175,000 – $225,000; Concours restoration, 1 condition; With Reserve; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000 – Black wire wheels, blackwall tires, dual rear spares, opening windshield, Twilite headlights. – Exquisite paint, chrome, upholstery, top and wood. A 2015 Pebble Beach Ansel Adams Award winner and it shows. – The physical presentation of this Mercer is superb, done to concours standards but with sympathetic attention paid to limiting excess. Its 84 hp Rochester six will be more than powerful enough to keep up with traffic. The price paid is but a fraction of what the seller spent on its Pebble Beach quality restoration. While that is rarely a good measure of value in this case it helps to support a strong price for an even stronger car.
1972 Ferrari 246 GT Dino Coupe, Body by Scaglietti
Lot # 100 1972 Ferrari 246 GT Dino , Body by Scaglietti; S/N 03152; Grigio Ferro Metallizzato/Black leather, Red bars; Estimate $325,000 – $375,000; Visually maintained, largely original, 3+ condition; With Reserve; Not sold at Hammer bid of $285,000 – Cromodora alloy wheels, Michelin Defender tires, power windows. – Good clearcoat repaint and new Daytona style upholstery, otherwise original, clean and orderly. The Iron Grey paint brings out the Dino’s lines and is distinctive in the usual sea of red Dinos. – This car is not as good as the owner thought and the bidders had a more realistic idea of its value.
1987 Ferrari 328 GTS Spider, Body by Scaglietti
Lot # 105 1987 Ferrari 328 GTS Spider, Body by Scaglietti; S/N ZFFXA20A4H0069769; Red/Tan leather; Estimate $85,000 – $110,000; Visually maintained, largely original, 3 condition; No Reserve; Hammered Sold at $58,000 plus commission of 10.00%; Final Price $63,800 – Factory alloy wheels, Bridgestone tires, power windows, air conditioning, Sony cassette, stick on SF shields, Momo leather rim steering wheel. – 25,802 miles from new. Repainted assembled with mediocre masking and touched up black trim. Surface cracked, musty smelling original upholstery. Used original underbody. The catalog says it has ‘led a cosseted existence’ but really it’s more like ‘neglected.’ A mediocre driver. – Offered by Bonhams at the Simeone Museum in October and still in need of at least some Febreeze in the upholstery and interior trim to counteract the smell of mold and mildew. Its price is in line with the other V-8 Ferraris at Bonhams Scottsdale and is appropriate to its history and condition.
1991 Aston Martin Virage Coupe
Lot # 107 1991 Aston Martin Virage Coupe; S/N SCFCAM2S7MBL50222; Engine # 8950222M; Green/Black leather; Estimate $60,000 – $80,000; Unrestored original, 2- condition; No Reserve; Hammered Sold at $45,000 plus commission of 10.00%; Final Price $49,500 – Alloy wheels, 5-speed manual gearbox, wood console trim, wood dash and window trim, Sony cassette stereo, power windows, air conditioning, automatic seatbelts. – Several small cracks on the bottom front lip. Very good original paint otherwise. Shift knob is on crooked and fairly worn, but otherwise the interior looks barely used. The catalogue notes that the cars odometer switches between the car’s actual mileage of approximately 10,000 and a different number. Stands out with its ZF 5-speed gearbox in place of the often seen Chrysler automatic, and while not exactly gorgeous, it’s distinctly styled and has clean proportions, and this is a solid example. – Sold by Bonhams at Greenwich in 2014 for $66,000. Bonhams called it a “future collectible” at the time, but if this no-reserve result is any indication, the Virage’s future is still in the future. The V8 Virage represents excellent value in rarity, style and performance for a modest price.

[Source: Rick Carey]

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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.