Gooding and Company Scottsdale 2016 – Auction Report

Gooding and Company Scottsdale 2016 – Auction Report Page Six

1997 Porsche 911 Turbo Coupe
Lot # 141 1997 Porsche 911 Turbo Coupe; S/N WP0AC2993VS375501; Fly Yellow/Black; Estimate $275,000 – $325,000; Unrestored original, 2 condition; With Reserve; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000 – Cross-drilled rotors, Michelin Pilot Sport tires, sunroof, spoiler, rear wiper, factory CD stereo, power windows, air conditioning. – Very good custom-order paint. Seats look barely sat in. Just about like new, despite the 29,688 miles on the odometer. Recently received a 30,000-mile service that included new belts and tires. A babied 911 Turbo, carefully driven and kept clean in between trips. – Sold by Mecum in Monterey in 2013 for $114,490. Since then, the car’s done less than 600 miles and essentially doubled in value. Looking at cars as an investment isn’t generally a good idea, but just about anybody who bought an air-cooled 911 a few years ago and sold it in 2015-16 saw a handsome return, extremely handsome in the case of this 993 Turbo, but calling into question how long it can be expected to show such growth.
1931 Bugatti Type 49 Grand Sport Roadster, Body by A.P. Compton & Co.
Lot # 143 1931 Bugatti Type 49 Grand Sport Roadster, Body by A.P. Compton & Co.; S/N 49119; Dark Blue/Brown leather; Beige cloth top; Estimate $550,000 – $750,000; Visually maintained, largely original, 3 condition; With Reserve; Hammered Sold at $875,000 plus commission of 10.00%; Final Price $962,500 – RHD. 3,257cc/85hp inline eight, 4-speed, body color wire wheels, Dunlop tires, single sidemount, wind wings, cycle fenders, Scintilla headlights. – Retained by its first owner, Alfred Dugdale, from new until 1973, with a single subsequent U.S. owner since. Original chassis, coachwork and engine and by all accounts the 61,255 miles are all it has covered from new. Sound repaint, original interior with recovered seat cushions and replaced carpets. Aged but orderly engine and chassis. Thin bright trim. – None of which matters in the least when considering the history, provenance and quality of the Bugatti in which everything else is subservient to its preservation by just two enthusiastic owners from new and its outstandingly well preserved condition. Grunge may count for something, some times, but that is fleeting fancy when put next to a cherished and preserved Bugatti of quality and refinement. Only six cars at Gooding’s Scottsdale auction brought hammer bids over their high estimate, company in which the Bugatti proudly belongs. (photo: Gooding & Co.)
1967 Ferrari 330 GTC Coupe Speciale, Body by Pininfarina
Lot # 145 1967 Ferrari 330 GTC Coupe Speciale, Body by Pininfarina; S/N 10107; Engine # 10107; Black/Black leather; Estimate $3,400,000 – $4,000,000; Older restoration, 3+ condition; With Reserve; Hammered Sold at $3,100,000 plus commission of 10.00%; Final Price $3,410,000 – Chrome spoke Borranis, Michelin XWX tires, Becker cassette stereo. – One of four 330 GTCs bodied by Pininfarina in similar Speciale coachwork with covered headlights, clean front fender flanks and concave rear window. First owned by Maria Maddalena Da Lisca, wife of pasta magnate Pietro Barilla. Restored for Paul Forbes in the late 80’s. Sound but scratched old paint cracked behind the left rear and right front wheels. Orderly but aged underbody and chassis. Clean, very orderly engine compartment. A very well restored and maintained older restoration but definitely showing its age. – Sold by Sotheby’s at Zurich in 1993, probably to the present owner, for $157,049 and tucked away largely out of sight since then. The result here is roughly five times the value of a ‘standard’ 330 GTC in comparable condition but it also is many times more exclusive and rare. The result here may not adequately account for the aged restoration and failing paint, but the Ferrari is still more than good enough to be driven and shown as it is. A nearly singular object of special beauty, it is impossible to argue with the bidders’ determination of its value.
1969 Chevrolet Corvette L88 Coupe
Lot # 147 1969 Chevrolet Corvette L88 Coupe; S/N 194379S728007; Engine # T0609L019S728007; Black/Black vinyl; Estimate $700,000 – $800,000; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $625,000 – 427/430hp L88, 4-speed, open chamber heads, radio delete, J56 brakes, F41 suspension, 4.56 Positraction, Rally wheels with hubcaps and trim rings, Wide Oval tires, tee tops. – Delaminating windshield with rust around the frame. Good older paint, chrome and interior. Orderly engine compartment with some dust and age. Clean underbody. One of 116 L88s built in 1969, the last year the option was available. Restored by the Nabers brothers in the early 00’s. Bloomington Gold certified, NCRS Top Flight. – This car has a non-history at auction, with reported high bids of $86,000 at Barrett-Jackson in 1992 while still freighted with the non-stock modifications, then $850,000 at Mecum Austin in 2014 and $700,000 at Mecum Monterey last August. Its market non-history continues here in Scottsdale. A few more bites of the apple may finally find it reaching the core and a bid appropriate to its history.
1961 Porsche 356B 1600 Super Roadster
Lot # 148 1961 Porsche 356B 1600 Super Roadster; S/N 88316; Engine # 87462; Dark Grey/Red leather; Black cloth top; Estimate $175,000 – $225,000; Older restoration, 3+ condition; No Reserve; Hammered Sold at $145,000 plus commission of 10.00%; Final Price $159,500 – Chrome wheels, Michelin XZX tires. – Replacement engine of the correct type, 4 1/2 inch wide aftermarket wheels. Fair older repaint and interior. A sound older restoration to good driving condition showing age and miles. Old undercoat in the wheelwells. Luggage compartment is old, scuffed and has no floor liner. – If this result is any measure the Porsche mania has translated from 911s to 356Bs. It’s a replacement engine, a shortcoming not borne lightly by Porschephiles, and the result is appropriate to an original-engined example.
1972 Ferrari 365 GTC/4 Coupe, Body by Pininfarina
Lot # 151 1972 Ferrari 365 GTC/4 Coupe, Body by Pininfarina; S/N 15365; Engine # C722; Dark Red/Tan leather; Estimate $350,000 – $400,000; Visually maintained, largely original, 3+ condition; With Reserve; Not sold at Hammer bid of $265,000 – 5-speed, power windows, air conditioning, Becker Mexico cassette stereo, chrome spoke Borrani wire wheels, Avon tires. – Good clearcoat repaint, chrome and creased, surface cracked original interior. Orange peely door window frames. Old, peeling undercoating in the wheelwells. The engine compartment has had some attention to the top but little or none to the bottom. A decent cosmetic redo to driver condition. – C/4s used to be given a ‘lick and a promise’ to dress them up for auction, but that was when they were underappreciated $100,000 Ferraris. Now that they’re a third of a million (or more) and getting mega-bucks restorations bidders expect more. In that regard this C/4 disappointed and goes a long way to explaining why it fell short of its optimistic consignor’s expectations. The bid is more appropriate to its condition than the estimate range.
2004 Ferrari 360 Challenge Stradale Coupe
Lot # 153 2004 Ferrari 360 Challenge Stradale Coupe; S/N ZFFDU57A340139046; Black, White stripe/Red Alcantara; Estimate $275,000 – $325,000; Unrestored original, 2- condition; With Reserve; Hammered Sold at $265,000 plus commission of 10.00%; Final Price $291,500 – Yellow calipers, SF shields, CD stereo, carbon brakes, 19-inch Challenge wheels, luggage. – Good original paint and interior. Clean engine compartment showing little evidence of use, stated to be under 3,100 miles from new. – Desirable, low mileage, carefully preserved but for all of that an expensive indulgence.
1962 Shelby Cobra 260 Roadster
Lot # 155 1962 Shelby Cobra 260 Roadster; S/N CSX2023; Silver/Black leather; Estimate $800,000 – $950,000; Recent restoration, 2 condition; With Reserve; Hammered Sold at $680,000 plus commission of 10.00%; Final Price $748,000 – Upgraded to 289/271hp, chrome wire wheels, narrow whitewalls, tinted sun visors, grille and trunk guards. wind wings. – Finished its second restoration in 2013, correcting any number of modifications including big hip flares that it had acquired in prior years. Excellent paint, chrome and lightly stretched upholstery. Freshly restored to like new condition. – Sold by Auctions America at Ft. Lauderdale in 2013 with wide hips, flared fenders and wide Torque Thrust alloy wheels for $533,500, then a year later at the same venue for $825,000 with the excrescences removed, but still with its replacement 289 engine. A 289 was what you did with a Cobra in the Sixties and while it may not get points from SAAC, it is how it worked. The result here more than adequately compromises the value for the replacement engine and represents a quality early Cobra at a realistic discount from one of the rare, surviving pure one.

[Source: Rick Carey]