Gooding & Company Amelia Island 2015 – Auction Report

Gooding and Company Amelia Island 2015 – Auction Report Page Five

1951 Lotus Mk IIIB Roadster, Body by Williams & Pritchard
Lot # 64 1951 Lotus Mk IIIB Roadster, Body by Williams & Pritchard; S/N 151844; Black/Green leatherette; No top; Estimate $250,000 – $450,000; Older restoration, 3 condition; Hammered Sold at $225,000 plus commission of 10.00%; Final Price $247,500. With Reserve – RHD. 1,099cc Ford L-head four, single carb, white wire wheels, treaded Dunlop Racing tries, bench seat, dual Plexiglas wind screens, cycle fenders, hydraulic brakes. – The first customer Lotus and the first to wear the Lotus badge. Raced when new by the first owner, Adam Currie, and sometimes by Colin Chapman. Five owners from new and stated to be the original chassis, engine and coachwork. Presented like an honest old race car after a restoration completed in 1995. Erratic wiring, crudely painted engine. – A significant piece of automobile, particularly British, history and a welcome entrant in most historic events, tours and competitions. Its aged condition aids the [proper] decision to keep it active, as does the modest price it brought for such an important artifact.
1973 Lamborghini Espada SIII 400 GT Coupe, Body by Bertone
Lot # 65 1973 Lamborghini Espada SIII 400 GT Coupe, Body by Bertone; S/N 9128; Light Metallic Green/Beige, Brown leather; Estimate $120,000 – $160,000; Visually maintained, largely original, 3 condition; Hammered Sold at $90,000 plus commission of 10.00%; Final Price $99,000. With Reserve – Blaupunkt AM-FM, slotted alloy wheels, Pirelli P4000 tires, headrest seats. – Quick clearcoat repaint, erratically masked over edge chips. Sound original upholstery worn appropriately for about 65,000 miles (odometer reads 4,272 km.) Cleaned up but not restored engine compartment. Old undercoat in wheel wells. A tired but sound Lambo. – Offered by Rick Cole in Monterey in 1991, then sold by RM in Monterey in 2002 with 3,966 km showing on the odometer, just 276 fewer than it has now. RM sold it in Arizona in 2010 for $41,250, then Bonhams sold it in 2013 at Boca Raton for $60,500. This Espada may not have gone very far since 2002, but the Lambo market has and this is a realistic price for it.
1963 Mercedes-Benz 300SL Roadster
Lot # 66 1963 Mercedes-Benz 300SL Roadster; S/N 19804210003123; Red, Black hardtop/Beige leather; Black top; Estimate $1,600,000 – $2,000,000; Visually maintained, largely original, 2- condition; Post-block sale at $1,159,091 plus commission of 10.00%; Final Price $1,275,000. With Reserve – 2996/250hp, body color steel wheels and hub caps, disc brakes, hardtop, Becker Grand Prix stereo, VDO dash clock, tool roll, jack, owner’s manual. – Never fully restored, but maintained and freshened when necessary, although the interior is original and has seen plenty of wear. The 18,428 miles on the odometer are represented as actual. Very good paint and chrome, stiff original soft top. Recent brake and fuel system service. A genuine disc brake, alloy block late 300SL in good, honest condition. – Like the XKE sold a few lots earlier (#63) this alloy block, disc brake 300SL Roadster has never been neglected into advanced deterioration yet its sale had to be closed at a post-block negotiated deal 38% under the low estimate. It is a car that can, with some not insignificant careful recommissioning, be driven and enjoyed with the pride of continuing the sympathetic, caring ownership of its four owners in over half a century. A rewarding and satisfying car, and transaction.
1990 Ferrari 348tb Coupe, Body by Pininfarina
Lot # 67 1990 Ferrari 348tb Coupe, Body by Pininfarina; S/N ZFFFA35AXK0082673; Medium Blue/Light Grey; Estimate $75,000 – $95,000; Unrestored original, 3 condition; Hammered Sold at $65,000 plus commission of 10.00%; Final Price $71,500. No Reserve – 3405/300hp, FI, 5-speed, P/W, A/C. – Two owners from new. Rust appearing above the left headlight. Lightly scuffed and surface creased driver’s seat. Clean underbody. Small stone chips on the nose. Minor windshield edge determination. Engine out major service in May of last year. – A good color combination, but showing its age and nothing special even with the fairly recent major service. Even under the low estimate this is an expensive 348tb.
1964 Sunbeam Tiger Mk I Convertible
Lot # 69 1964 Sunbeam Tiger Mk I Convertible; S/N B9471139; Balmoral Grey, Grey hardtop/Blue leather piped in Dark Blue; Black top; Estimate $130,000 – $160,000; Older restoration, 2+ condition; Hammered Sold at $140,000 plus commission of 10.00%; Final Price $154,000. No Reserve – 260/164hp, 4-speed, Minilite wheels, Michelin all season tires, hardtop, woodrim steering wheel, Radiomobile pushbutton radio, Smiths dash clock. – After its 2008 restoration this Tiger Mk I went to the Quail in 2010 and was featured on “What’s My Car Worth?” 2011 Shelby and Tiger club Best in Show. Fully restored in 2008 and lightly used since. Very good paint and chrome. Excellent interior. One of the best Tigers out there. – Even for a stellar first year Tiger, this was a huge price and the seller should be thrilled, but their values are filling in behind Cobra 289s and can be expected to catch up with time.
1968 Shelby Mustang GT500KR Convertible
Lot # 71 1968 Shelby Mustang GT500KR Convertible; S/N 8T03R20605602555; Red, White side stripes/Black vinyl; White top; Estimate $150,000 – $180,000; Older restoration, 3- condition; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000. No Reserve – 428/335hp, automatic, Holley carb, Goodyear Eagle GT tires, black vinyl top boot, wood shift knob, pushbutton radio. – Recent engine rebuilt on an 89,863 mile 428, but otherwise presents like an older restoration. The paint shines, but there are cracks, scratches and crazing on the nose, hood and hood vents. Windshield frame is very scratched up, and the interior is visibly worn with two long, straight rips in the driver’s seat. Not a car to write home about, and notable only because it’s a Shelby GT500 KR. – This is a driver-quality KR Convertible, relatively undistinguished in its history or equipment but desirable for what it is. It brought a price that accommodates its plusses and minuses.
1973 Ferrari 246 GT Dino, Body by Scaglietti
Lot # 72 1973 Ferrari 246 GT Dino, Body by Scaglietti; S/N 04984; Verde Pino Metallizzato/Beige leather; Estimate $380,000 – $440,000; Unrestored original, 4- condition; Not sold at Hammer bid of $330,000. With Reserve – Cromodora alloy wheels, Michelin XWX tires, cassette stereo, headrest seats, Prototipo leather rim steering wheel. – Tired, original car with cracking, peeling paint, cracked, seam pulled upholstery. Rust blisters and festering lumps in the passenger’s door. Needs everything and too far gone to be preserved. – There were three Dino GTs, and another three GTSs, in the Amelia Island auctions. This one was distinguished by its ‘originality’ which in this case means deterioration, body rot and neglect. The pre-sale estimate is nothing if not generous. Even the reported high bid is nothing if not generous for a car that will suck up six-figure money before it is even usable, let alone presentable. Its condition is not close to ‘Preservation’, it’s only neglect.
1970 Mercedes-Benz 280SE 3.5 Coupe
Lot # 73 1970 Mercedes-Benz 280SE 3.5 Coupe; S/N 11102612000148; Gray, Black roof/Black leather; Estimate $120,000 – $150,000; Recent restoration, 2+ condition; Hammered Sold at $135,000 plus commission of 10.00%; Final Price $148,500. No Reserve – 3.5/230hp, automatic, BF Goodrich narrow whitewalls, Becker Mexico cassette stereo, power windows, dash clock. – Recent restoration and MBCA concours winner just last year. Very good paint, chrome and interior. Very good, detailed engine bay. Gorgeous and impossible to fault. – Excellent driver’s cars even with the automatic (or maybe better with the automatic) and avidly sought by collectors, but this is a strong price even for a very good coupe.

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  1. i like the way the auction is covered. I enjoy this digest a lot. I would like to know what it cost a seller who will not sell because it did not meet the reserve. Thank you ts