Gooding and Company Amelia Island 2016 – Auction Report

Gooding and Company Amelia Island 2016 – Auction Report Page Four

1994 Porsche 911 Turbo S Coupe
Lot # 45 1994 Porsche 911 Turbo S Coupe; S/N WP0AC2968RS480403; Polar Silver/Gray; Estimate $1,000,000 – $1,300,000; Unrestored original, 2 condition; With Reserve; Hammered Sold at $925,000 plus commission of 10.00%; Final Price $1,017,500 – 3601/385hp, 5-speed, sliding sunroof, CD stereo, Speedline modular wheels, red calipers, factory Flachbau slant-nose, power driver’s seat, X85 U.S. market. – Like new with 12,581 miles. One of 76 built, 39 in this X85 configuration. It has ‘Porsche-exclusive badging’. Jerry Seinfeld collection. – The Porsche fans were out in force for Jerry Seinfeld’s cars, nowhere better seen than in this result. How much is a slant nose and ‘Porsche-exclusive badging’ worth? Apparently this much, although reasonable minds might disagree.
1958 Porsche 356A GS/GT Carrera Speedster, Body by Reutter
Lot # 46 1958 Porsche 356A GS/GT Carrera Speedster, Body by Reutter; S/N 84908; Engine # 91015; Auratium Green/Black leatherette; Black cloth top; Estimate $2,000,000 – $2,500,000; Recent restoration, 1 condition; With Reserve; Hammered Sold at $1,400,000 plus commission of 10.00%; Final Price $1,540,000 – 1587/132hp, 4-speed, Nardi woodrim steering wheel, braced rollbar, silver wheels, fog lights, Porsche Cof A, Kardex copy, tool roll, jack, handbook. – Engine from 84912 from new. Excellent paint, chrome and interior. Spotless, dry, sharp engine and compartment. Restored better than new. Jerry Seinfeld collection. – The prize of the Jerry Seinfeld cars, meticulously presented and faster than radar. No one in the marquee overlooked this car, from the novice to Porsche experts. It is superb in its presentation and specification. Expectations were high as evidenced by the estimate range but it brought a sober price that reflects the quality of its specification and restoration.
1959 Porsche RSK Typ 718 Spyder, Body by Wendler
Lot # 48 1959 Porsche RSK Typ 718 Spyder, Body by Wendler; S/N 718019; Engine # 90322; Silver/Beige cloth; Estimate $3,800,000 – $4,200,000; Competition restoration, 2+ condition; With Reserve; Hammered Sold at $2,600,000 plus commission of 10.00%; Final Price $2,860,000 – 1.6 liter 4-cam engine from an RS61, full width windscreen, driver’s rollbar. – Customer-spec RSK raced initially and successfully by Harry Blanchard, then Roger Penske and Lake Underwood. Penske’s 1960 SCCA F/Modified national championship ride. Severely burned in a 1970 fire while owned by John Beam, then bounced around as a project until it was restored for Tom Trabue with a new body and major parts from other racing Porsches. Still in better than new condition and immaculately turned out. Jerry Seinfeld collection. – This result is an interesting contrast with the 550 Spyder at the beginning of the Jerry Seinfeld segment. That car, with no racing history but original except for an old repaint, sold on a hammer bid near its low estimate and brought over $5 million with commission. This beautiful mid-engined RSK with a great U.S. racing history but restored from something approaching a cinder fell nearly a million dollars short of the low estimate even after adding on the buyer’s premium. If nothing else the disparate results highlight the importance of an unblemished history and the severe burden imposed upon even the best restoration (or perhaps ‘resurrection’) from a jumble of parts. This RSK brought what it was worth and the new owner should be very pleased both with the car and with the price paid.
1970 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina
Lot # 50 1970 Ferrari 365 GT 2+2 Coupe, Body by Pininfarina; S/N 13583; Engine # 13583; Verde Bahram/Black leather; Estimate $375,000 – $425,000; Recent restoration, 2- condition; With Reserve; Not sold at Hammer bid of $280,000 – Triple Webers, Ansa exhaust, Borrani centerlock wheels, Cinturato tires, woodrim steering wheel, power windows, wood dash, Becker Europa stereo, air conditioning, owner’s manual, full tool roll – Euro market car. Represented as matching numbers. Restoration finished earlier this year. Very good paint and chrome. Window is loose on the passenger’s side, with almost enough room for a pinky finger in between the glass and the bodywork. Cracked steering wheel cap and wavy console. Otherwise very good redone interior. Very clean and fresh underneath. A mostly solid Ferrari restoration that missed a few details. – Sold by RM in Scottsale in 2007 for $74,250 and at Worldwide’s Houston auction in 2012 for $89,100, painted red at the time. While the market for Enzo-era V-12 Ferraris is in a different world than it was then, the reported high bid was a fair offer and should have seen the car change hands even taking the meticulous restoration and presentation into account.
1970 Porsche 911T Coupe
Lot # 53 1970 Porsche 911T Coupe; S/N 9110101579; Tangerine/Tan vinyl; Estimate $135,000 – $175,000; Unrestored original, 3- condition; No Reserve; Hammered Sold at $150,000 plus commission of 10.00%; Final Price $165,000 – Steel wheels with hub caps, dual Zenith carbs, 5-speed with dog leg 1st gear, Blaupunkt AM/FM push button radio. – Dull, dusty original paint, but a good detailing would bring it back to very good shape. Dry plastic and rubber. Dull brightwork. Dirty but complete engine bay. Even gaps. Dirty interior but, like the paint, it would clean up pretty well. This really isn’t a rough, dirty barn find type of car. Time has been relatively kind to it, but it’s hiding under a layer of dust that’s kept on to convey the barn find mystique from its recent rediscovery after 33 years in storage. – This is a $50,000 car with $100,000 worth of dirt and grime. The appetite of collectors for such relics, and their willingness to pay eye-popping premiums, is a wonder.
1957 Mercedes-Benz 190SL Roadster
Lot # 57 1957 Mercedes-Benz 190SL Roadster; S/N 1210427501199; Engine # 1219217501258; Ivory/Burgundy leather; Burgundy cloth top; Estimate $190,000 – $240,000; Concours restoration, 1 condition; No Reserve; Hammered Sold at $175,000 plus commission of 10.00%; Final Price $192,500 – Becker Europa multiband radio, white steel wheels, body color accented hubcaps, trim rings, whitewalls, luggage in the trunk and behind the seats. – A sharp, fresh restoration with great cosmetics and particularly sharp but not overdone engine compartment. A real showpiece. – White car, whitewall tires, white accented hubcaps sounds like it would be bland, but it is not. Instead it’s an unusually effective color for the 190SL body, even better with the rich Burgundy interior. Yet even that wasn’t enough to offset the slumping desire for 190SLs, another chic collectible that has fallen from grace as supply caught up with and now exceeds demand.
1971 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti
Lot # 58 1971 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 14345; Engine # B1014; Red/Tan leather, black bars; Estimate $850,000 – $950,000; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $650,000 – Cromodora centerlock alloy wheels, Michelin X tires, power windows, Blaupunkt cassette stereo, popup lights, tool roll, Ferrari Classiche Red Book certified. – Very good paint and interior. Some weak and scuffed trim chrome. Wavy front bumpers. Orderly engine compartment. Aged chassis and underbody. – Sold by RM in Maranello in 2008 for $428,756 fresh from restoration and has covered about 5,000km since. The bid, in today’s ambitious Daytona market, for a car that has been regularly driven and cared for is light, even with the restoration starting to show some age.
1966 Abarth 1300 OT Periscopio Coupe
Lot # 60 1966 Abarth 1300 OT Periscopio Coupe; S/N 137C044; Engine # 237007; Red/Black; Estimate $500,000 – $600,000; Older restoration, 3 condition; With Reserve; Hammered Sold at $460,000 plus commission of 10.00%; Final Price $506,000 – 1290cc/145hp dohc Abarth engine, 5-speed transaxle, dual Webers, Campagnolo wheels, Dunlop Racing tires, leather-wrapped steering wheel. – Several stress cracks and bubbles all around the nose. Crack in right side window. Blisters on the exhaust tip. Cracks around the tail. Scratches on the rear window. Used interior. Clean enough to be presentable and flawed enough to race in anger without undue concern, it is a car that really belongs on a track. One of about 50 built. Campaigned by Abarth Corse Deutschland in Germany in 1966, racing at places like Hockenheim and the Nürburgring. Restored decades ago with major mechanical attention in 2008 that didn’t address the restoration’s age or shortcomings. Engine number was cataloged incorrectly. – The purpose of the Periscopio – that adds so much to this car’s visual appeal – was to try to keep the cockpit cool and is one of perhaps only a dozen built with this feature. Combining that with Abarth’s well known wizardry at extracting nearly unbelievable power from little engines is a recipe for a great track day car but with this result an expensive one.

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Show Comments (4)

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  1. All those Porsches and ’70s–’80s Ferraris make for a really dull article and probably auction too–unless you were just Porsche crazy. Didn’t Gooding sell anything else?

  2. Rick, I’m always grateful fo your fascinating reports and the understanding you provide of the auction market. And have never disagreed with your taste…until your negativity towards the Fiat 130 Coupe! That is a very fine bit of Pininfarina design, subtle and classy like a nice Italian suit. I hope you can take a look at one sometime in isolation, and gain an appreciation for its beauty. Thanks for all that you share with us, John in CT.

    1. Dead right, John. I’ve always admired the Fiat 130 so much I took Rick’s slight about its design very badly. Couldn’t see what he was talking about. In my book the 130 has always been and will always be a great looker…!!!