Gooding & Company Pebble Beach 2010 – Auction Report

Gooding & Company Pebble Beach 2010 – Auction Report Page Six

1954 Fiat 8V Berlinetta, Body by Zagato
Lot # 134 1954 Fiat 8V Berlinetta, Body by Zagato; S/N 106000061; Engine # 000112; Red/Black; Estimate $675,000 - $750,000; Competition restoration, 3 condition; Hammered Sold at $620,000 plus commission of 10.00%; Final Price $682,000 -- Silver painted wire wheels, modern oil cooler and filter. Twice raced in the Mille Miglia in 1955 and 56, finishing 69th driven by Erik Jossipovic in '56 as well as other competition events. Coachwork restored by Rod Jolley and then competition prepared with competition pistons and hot cam in 2008, then upgraded with a limited slip differential. Not raced since. Clean underhood and chassis looks like a two or three year old but very clean used car. Paint is marginal, as is some of the trim. Very usable. Offered by Gooding & Company in Scottsdale in 2009 where it attracted a high bid of $750,000 and sold here at a more reasonable price, particularly considering its competition preparation and two MM entries which put it at the head of the MM Retro entry list. This result is a reasonable value compromise.
1957 Buick Roadmaster Convertible
Lot # 135 1957 Buick Roadmaster Convertible; S/N 7D4011713; Engine # 7D4011713; Red and white; white vinyl/Red leather; Estimate $110,000 - $140,000; Older restoration, 2- condition; Hammered Sold at $80,000 plus commission of 10.00%; Final Price $88,000 -- Wheel covers, whitewalls, Dynaflow, P/S, factory A/C, pushbutton radio. An older concours restoration, well maintained and driven some. Some cracks in front seat leather which doesn't look as well kept as the rest of the car. No Reserve. Sold by Gooding & Company in Scottsdale earlier this year for $99,000 but apparently the audience here had different tastes. It's a lot of car for the money and an unusual example of late 50's GM style and performance.
1941 Packard 1905 Super Eight 160 Limousine
Lot # 136 1941 Packard 1905 Super Eight 160 Limousine, Body by Bohman & Schwartz; S/N 570491; Engine # D305058D; Midnight blue; black leather padded roof/Black leather; blue cloth; Estimate $275,000 - $350,000; Concours restoration, 1 condition; Hammered Sold at $230,000 plus commission of 10.00%; Final Price $253,000 -- Dual enclosed sidemounts, sliding divider window, rear trunk, jump seats, hubcaps and trim rings, whitewalls, grille guard. First owned by Mrs. Marie Clarke, an important figure in early 20th century Southern California history and a patron of Bohman & Schwartz. Tall, with huge windows built on an original 7-passenger sedan chassis. Jump seats, trunk with fitted luggage, silk window shades, black walnut window surrounds and even walnut veneer inside the trunk. Obsessively restored with NOS parts. Completed in 1998, class winner at Pebble Beach, CCCA National First Prize, Alvan Macauley Award winner at the Packard National Meet, and more. Still appears to be a fresh restoration. Interesting use of LaSalle taillights. A bespoke masterpiece of another era. This is most definitely not to most collectors' tastes, but its unique history and its stature as the last Bohman & Schwartz custom body makes it an important part of American automobile, custom coachwork and Southern California history. It is impossible to fault, even twelve years after its restoration was completed and couldn't be duplicated for twice this price if the car were thrown in for free. An amazing example of craftsmanship and dedication.
1956 Maserati Tipo 52 200SI Sports Racer
Lot # 138 1956 Maserati Tipo 52 200SI Sports Racer; S/N 2401; Engine # 2401; Aluminum/Dark Red leather; Estimate $2,400,000 - $2,700,000; Competition car, original as-raced, 3- condition; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000 -- RHD. Side exhaust, outside laced wire wheels, wraparound full-width windscreen, driver's head fairing. The first Maserati 200S, raced by Maserati and used in development of the 200SI. Long racing history that includes the Mille Miglia in 1956. Drivers include Moss, Behra, Farina, Taruffi and Musso and Wolfi Zweifler in historic events. Stripped of its paint to reveal the erratic construction techniques of the period (or contemporary race repairs). A winner at Amelia Island in 2010 in the class for Cuban GP cars. Full documentation file, Maserati Classiche certification, photos and race history. On sale at $2 MM, this Maserati was bought at RM Monterey in 2001 for just $550,000 but subsequent research by a prior owner has enhanced its history and stature within Maserati's postwar sports racing record. If, however, a 200SI is worth this much what of a 300S or a 450S? Is the latter ready to bring Testa Rossa money? Ferrari owners quake at the thought, but as V-8 and six-cylinder Maserati sports racers are thin on the ground (and their owners aren't about to let go of them) that question isn't about to be resolved any time soon. These are superb driving/handling automobiles built to standards of craftsmanship and detail that are unmatched by anything from Maranello (in period, not speaking of over-restorations.) It is eligible for anything its owner wants to attend and will electrify onlookers (and competitors) with its performance. It is a sound value at this price, even at the auction company's low estimate.
1969 Ferrari 365 GTC
Lot # 140 1969 Ferrari 365 GTC, Body by Pininfarina; S/N 12271; Engine # 12271; Red/Tan leather; Estimate $275,000 - $350,000; Recent restoration, 2- condition; Hammered Sold at $242,500 plus commission of 10.00%; Final Price $266,750 -- Chrome spoke Borranis, Becker Mexico cassette, A/C (added), P/W. Good paint, chrome and fresh, supple upholstery. Very clean and nearly like new underhood. Dirty wheels. Doors not quite flush but close well. Originally ‘Marrone Colorado’ (Metallic Brown) over Black leather, this could be a real stunner if it were relieved of its Red/Tan livery and had its doors better fitted. Just not thickly clearcoated, please? The coachwork is one of Pininfarina's best and the 4.4 litre 365 V-12, transaxle and independent rear suspension gives it near-Daytona performance. It's hard not to like, especially at this price. The kids in the back seat will like it, too.
1921 Mercer Series 5 Raceabout
Lot # 144 1921 Mercer Series 5 Raceabout; S/N 15810; Engine # 6138; Red, Black fenders/Black leather; Estimate $250,000 - $300,000; Older restoration, 3 condition; Hammered Sold at $280,000 plus commission of 10.00%; Final Price $308,000 -- Drum headlights, round bolster fuel tank dual rear spares, black painted wire wheels. Given to John Libaire in 1928 upon his 16th birthday and retained by him and his son ever since. Repainted once, engine block replaced. Documented since 1928 and particularly cool. Sound paint, upholstery and nickel. Aged, used, oily chassis. No Reserve. How many times can a sporting, fast, stylish Twenties raceabout, especially with a legendary name like Mercer, be bought from the son of the second owner after 82 years in the same family? Just the story is worth this much. The Mercer is in the bargain for free. This isn't a T-head, but it's a rare, exciting early American sports car for a very reasonable price.
1933 Duesenberg Model SJ LWB Convertible Berline
Lot # 145 1933 Duesenberg Model SJ LWB Convertible Berline, Body by Murphy; S/N 2437; Engine # J-425; Royal blue, Midnight Blue fenders/Beige leather; Beige cloth top; Estimate $650,000 - $850,000; Older restoration, 2 condition; Hammered Sold at $610,000 plus commission of 10.00%; Final Price $671,000 -- Cream wire wheels, whitewalls, dual cloth-covered sidemounts, Marchal headlamps, Trippe lights, leather-covered trunk, mesh hood sides, outside exhaust head pipes. Originally supercharged but no longer with a blower (traded along with two other J engines to J.B. Nethercutt by Gil Duffy in exchange for this car's restoration in the 1960's.) Originally owned by the Chopitea family in Peru. Stored since 1971, engine doesn't turn over. Sound and complete but in need of reawakening after almost 40 years asleep. A fabulous car. It will not be inexpensive to get it back on the rood again but to the new owner the first ride will be well worth the effort and the cost, as will its appearance at Pebble Beach or Auburn after so long an absence. This is beautiful Murphy coachwork and one of only 36 factory-delivered SJs. It is a good buy at this price.
1995 McLaren F1; S/N 062
Lot # 146 1995 McLaren F1; S/N 062; Magnesium Silver/Black; Estimate $2,500,000 - $3,500,000; Unrestored original, 2+ condition; Hammered Sold at $3,250,000 plus commission of 10.00%; Final Price $3,575,000 -- Factory luggage, tools and service records. U.S. and California legal with updated cats to pass current California smog tests. First owned by Larry Ellison of Oracle, 3,242 miles only and, if anything, better than new. Stalled at $2.6 MM, then quickly by $100k increments to $3 MM. To hammer's fall by $50K increments. This is a serious price reflecting this car's unusual ability to be owned and driven in California. It nearly matches RM's sale of 065 in London in 2008 for $3,944,558, itself a market-altering transaction. McLaren has worked hard to maintain the secondary market values of their F1s and they must be very satisfied at how successful they have been.
1971 Oldsmobile 442 Convertible
Lot # 149 1971 Oldsmobile 442 Convertible; S/N 344671M129463; Sienna Bronze/Brown vinyl; Black vinyl top; Estimate $110,000 - $130,000; Recent restoration, 2+ condition; Hammered Sold at $77,000 plus commission of 10.00%; Final Price $84,700 -- Magnum wheels, Polyglas G70-14 tires, 4-speed, 455/340 hp, W-30 intake, console, AM-FM, factory underdash 8-track, P/S, P/B, Anti-spin rear axle. Described as numbers-matching, and documented with Protect-o-Plate, original invoice and other paperwork. Restored in 2003, won AACA National First Prize in 2009. Excellent paint, chrome, interior and top. Restored like new and impressively maintained and presented. No Reserve. The restoration of this Olds is nothing short of a lesson in how to do it right, and its known history from new is equally impressive. But its colors are the thing that set it apart from others: rare, subtle and very attractive. Sold at Barrett-Jackson Scottsdale earlier this year for $84,700 and a no-sale at Mecum's Indianapolis auction in May at $87,500, it was a little out of character here at the Pebble Beach Auction and the bidder who took it home for this price did very well indeed.
1966 Ferrari 275 GTB Berlinetta Alloy Long-Nose
Lot # 150 1966 Ferrari 275 GTB Berlinetta Alloy Long-Nose, Body by Pinin-Scaglietti; S/N 08255; Engine # 08255; Red/Black leather; Estimate $950,000 - $1,200,000; Older restoration, 3- condition; Not sold at a Hammer bid of $900,000 -- Chrome spoke Borranis. Originally Silver over Black. Good paint but with scary cracks on the front of both doors in the vicinity of the upper hinges. Dirty, oily chassis and engine. Filled door bottoms. Paint cracked at the alloy roof joints. A pretty car with no shortage of issues. Like me, the bidders apparently found too many issues to meet the seller's $925,000 expectation, let alone the $950,000 low estimate. A hundred thousand less than the reported high bid wouldn't be unreasonable for this shaky but otherwise attractive and desirable Ferrari.
1971 Lamborghini Miura S
Lot # 158 1971 Lamborghini Miura S; S/N 4764; Engine # 2187; Lime Green, Silver sills and wheels/Dark Green leather; Estimate $500,000 - $650,000; Recent restoration, 2+ condition; Hammered Sold at $485,000 plus commission of 10.00%; Final Price $533,500 -- A/C, Campagnolo alloy wheels. Cute (and typical) story of this U.S. delivered car with 2,000 miles on the clock (so it would escape new car duty), originally built for Ferruccio Lamborghini's brother Eduardo and with a color change and the American's specified A/C added somewhat retrospectively. Restored by Tom Shaughnessy with SV split sump and reinforced floor pan. Excellent paint, chrome and interior. Documented with owner's manual, warranty card, tools and Italian export registration plates. A marvelous, fast, seductively styled Miura with the updates accepted to make these constantly in-development cars reliable and enjoyable. This result is a reasonable compromise between a P400S and an SV.
1923 Bentley 3-Liter TT Replica Tourer, Body by Carlton
Lot # 159 1923 Bentley 3-Liter TT Replica Tourer, Body by Carlton; S/N 263; Engine # 339; Red, aluminum hood/Black leather; Estimate $225,000 - $275,000; Rebodied or re-created, 3 condition; Not sold at a Hammer bid of $170,000 -- RHD. Black wire wheels, rear spare, dash clock, single horn and fog light. An older rebody with any number of Bentley enhancements including SU sloper carbs, steering damper, front wheel brakes, Lucas headlights and a '23 TT engine. Well restored and cared for but with plenty of miles. This car was in similar condition when offered by Christie's at Tarrytown, NY in 1997. There, as here, a buyer couldn't be found, although there the bid was $90,000, a far cry from the reported bid here and the rather staggering estimate.
1938 BMW 328 Roadster
Lot # 160 1938 BMW 328 Roadster; S/N 85144; Engine # 85144*see text; Red primer/Black leather; Estimate $375,000 - $450,000; Incomplete restoration, 4+ condition; Not sold at a Hammer bid of $330,000 -- Chassis, engine and running gear done in shiny paint. Rough body preserved in primer. Cracked old upholstery. Restamped replacement block (from a 327), cracked head that incorporates a steel plate with the valve seats that is cast into the aluminum head (no wonder it cracked.) No early history of anything but being sent back to BMW by the first dealer. 'Needs everything' is an understatement. Even accepting that some BMW 328s are $600,000 cars these days the condition, mixed bag of parts and lack of history of this one argue for a value considerably less than the reported high bid. The seller would have been prudent to accept a money offer anywhere close to this much.

[Source: Rick Carey]