Dueling Ferraris Top Amelia Auctions

A pair of 1966 Ferrari 275 GTBs topped last week’s collector car auctions in conjunction with Florida’s Amelia Island Concours d’Elegance, both bringing in more than $2 million on Friday March 9. The top seller, from Gooding & Co., was the silver “barn find” Long Nose Alloy example (above, photo courtesy of Gooding & Co.), that hammered for $2,530,000, while an immaculately presented red 275 GTB gaveled for $2,205,000 at RM Sotheby’s sale.

Overall, the three sales by Gooding, RM Sotheby’s and Bonhams registered more that $77 million in sales, with 22 cars selling for $1 million or more, topped by the two Ferraris. Summaries for each of the auction houses follow.

Gooding & Co. posted nearly $36 million in total sales, with an outstanding 95.4 percent sell-through rate. No fewer than 14 cars sold for $1m or more, and 13 new World Records were set.

The automotive world was abuzz when Gooding & Company consigned the 1966 Ferrari 275 GTB mentioned above and a muscular 1967 Shelby 427 Cobra that had both been parked and left untouched in the same garage for a quarter of a century. While the Ferrari took overall top honors at $2,530,000, the 1967 Cobra sold for $1,045,000. Also, the 1957 Porsche 356 A 1500 GS Carrera Coupe that had been hidden from public view since 1972 fetched a good price of $506,000.

“We are proud of our strong, curated lineup of collector cars that delivered the highest sale total of the week, produced the most valuable car sold and exemplified our desire to bring the best cars to market for our clients,” noted David Gooding, President of Gooding & Company.

Gooding & Co.’s Amelia Island Million Sellers

1966 Ferrari 275 GTB Long Nose Alloy – $2,530,000
2003 Ferrari Enzo – $2,365,000
1967 Ford GT40 Mk IV – $1,925,000
1993 Porsche 964 Turbo S Leichtbau – $1,760,000 (NWR)
1952 Ferrari 212 Europa Cabriolet – $1,600,000 (NWR)
1990 Porsche 962C – $1,595,000
2015 Porsche 918 Spyder – $1,540,000
1996 Porsche 993 GT2 – $1,485,000
1966 Shelby 427 Cobra – $1,457,500
1976 Porsche 934 – $1,320,000 (NWR)
1987 Porsche 959 Komfort – $1,100,000
1958 Mercedes-Benz 300 SL Roadster – $1,072,500
1967 Shelby Cobra 427- $1,045,000
1964 Shelby 289 Cobra – $1,045,000

Gooding’s next sale, The Pebble Beach Auctions, will take place on August 24 and 25, 2018, at the Pebble Beach Equestrian Center. For complete information please visit www.goodingco.com

RM Sotheby’s returned to Amelia Island for its 20^th annual sale as the official auction house of the Amelia Island Concours d’Elegance. With seven cars selling for more than $1 million, the single-day sale achieved $27.7 million in total sales with an 86 percent sell-through rate.

Top honors went to the previously mentioned 1966 Ferrari 275 GTB, one of approximately 58 long-nose, torque-tube, triple-carburetor, steel-bodied examples built. Retaining its original chassis, engine and gearbox, the car sold for $2,205,000 (above, photo courtesy of RM Sotheby’s).

One of the most highly anticipated segments of the evening was the offering of Exclusively Porsche — The 964 Collection, a group of 11 limited-production Porsche 911 Type 964 variants assembled by a single owner. Standouts from the collection included the one-of-55 1993 911 Carrera RS 3.8 that sold for $1,655,000 to top the previous World Record for a Type 964 Porsche 911 Carrera RS sold at public auction. A second 1993 911 Carrera RS 3.8, with fewer than 800 kilometers on its clock, sold for $1,270,000.

“Our 20^th anniversary Amelia Island sale showed robust demand across the market with a strong 86 percent sell-through rate,” said Gord Duff, Global Head of Auctions for RM Sotheby’s. “We saw a number of long bidding contests drive results well over estimate for cars in virtually every category from American Classics from the 1931 Marmon Sixteen Coupe…to the Porsche 911 Carrera RS 3.8 from the 964 Collection.”

RM Sotheby’s Amelia Island 2018 Top 10 Sales

1966 Ferrari 275 GTB – $2,205,000
1993 Porsche 911 Carrera RS 3.8 – $1,655,000
1930 Isotta Fraschini Tipo 8A S Boattail Cabriolet – $1,270,000
1993 Porsche 911 Carrera RSR 3.8 – $1,270,000
1957 Mercedes-Benz 300 SL Roadster -$1,094,000
1956 Mercedes-Benz 300 SL Gullwing – $1,077,500
1931 Marmon Sixteen Coupe – $1,050,000
1930 Duesenberg Model J Imperial Cabriolet – $995,000
1962 Aston Martin DB4 Series IV – $765,000
1960 Ferrari 250 GT Coupe – $720,000

For complete information please visit www.rmsothebys.com

Bonhams’ 4^th Annual Amelia Island Auction, held at the Fernandina Beach Golf Club, achieved several world auction records with a total of nearly $13.5 million in sales from an 87 percent sell-through rate, but with only one million-dollar car, a 20015 McLaren P1 that gaveled for $1,710,000. The second-highest seller was a 1959 Porsche 356A 1600 Carrera GS Coupe (below, photo courtesy of Bonhams) that went for $632,000.

The auction did establish World Records for two Porsche models when a 1992 911 Turbo 3.3 Coupe and a 1989 911 Carrera 3.2 Targa were bought for $343,800 and $169,120, respectively. Other world records were set by a gorgeous 1947 Delahaye 135MS Coupe by Pininfarina that sold for $478,000, and a rare 1919 Pierce Arrow Series 51 4-Passenger Tourer that brought in $280,000.

“We’re very pleased with the strong sell-through rate,” said Jakob Greisen, Bonhams’ VP of U.S. Motoring, “and we’re looking forward to taking this momentum to our Greenwich and Quail Lodge sales this summer as we search for special consignments.”

For the complete list of results from Bonhams’ Amelia Island sale, please visit bonhams.com/amelia

Bonhams’ Amelia Island Top 10 Sales