Ferrari 250 Testa Rossa Prototype

Gooding & Company Pebble Beach 2011 – Auction Report

Gooding & Company Pebble Beach 2011 – Auction Report Page Three

1931 Duesenberg Model J George Whittel Coupe
Lot # 123 1931 Duesenberg Model J Coupe, Body by Murphy; S/N 2478; Engine # J-460; Black/Black patent leather; Estimate $7,000,000 -; Concours restoration, 1 condition; Hammered Sold at $9,400,000 plus commission of 10.00%; Final Price $10,340,000 -- The Captain George Whittell, Jr. Coupe, a unique body by Murphy on the long wheelbase Model J chassis. Polished stainless steel fuel tank, chrome wire wheels, brushed aluminum roof with the details of a convertible. Concours restored and impeccable. The top price ever paid for an American car at auction, based partly on the colorful history of its first owner, partly on its magnificent restoration and partly upon its extravagant proportions. Captain George had to be somebody to drive a car like this in the Thirties. The price is breathtaking, more than 50% over its reserve and likely to stand for years as the pinnacle of American automobile values.
1960 Renault 4CV Resort Special
Lot # 124 1960 Renault 4CV Resort Special; S/N 603607781; Ivory/Wicker; White leatherette top; Estimate $35,000 - $55,000; Cosmetic restoration, 3 condition; Hammered Sold at $52,000 plus commission of 10.00%; Final Price $57,200 -- Red vinyl and black rubber floor mats, blackwall tires. Competently cosmetically restored a while ago. Clean and orderly but not restored engine. Old undercoat on underbody. Sound paint, good wicker and fringed surrey top. No Reserve. Sold just after the $9.4 million Duesenberg J Whittell Coupe this 4CV similarly established a new value standard for these stylish little vehicles, particularly since in 2000 is brought just $26,450 at Bonhams Quail Lodge auction in somewhat less attractive condition.
1964 Porsche 356C Cabriolet
Lot # 126 1964 Porsche 356C Cabriolet; S/N 159464; Engine # 711016; Black/Red leather; Black cloth top; Estimate $100,000 - $130,000; Cosmetic restoration, 3+ condition; Hammered Sold at $112,500 plus commission of 10.00%; Final Price $123,750 -- Chrome wheels, Becker Stereo, Nardi steering wheel. Newer interior lightly worn. Recent respray with lots of orange peel. Older chrome worn and scratched. Underside has seen plenty of street use. It's an older restoration that's been freshened and presents as a nice driver. No Reserve. Sold for just below mid-estimate. Although not the best in the world, it's correct and respectable enough to bring decent money although this price is generous in the extreme. It would not have been a good value at Gooding's low estimate.
1953 Fiat 8V Elaborata Zagato
Lot # 127 1953 Fiat 8V Elaborata, Body by Zagato; S/N 106000022; Engine # 104000000043; Metallic Green/Taupe leather, Green piping; Estimate $1,000,000 - $1,400,000; Recent restoration, 2+ condition; Hammered Sold at $1,025,000 plus commission of 10.00%; Final Price $1,127,500 -- Chrome spoke wire wheels, grille-mounted driving lights, double bubble roof, numbers-matching original engine, impressively artistic main gauge cluster. 'Elaborata' coachwork modified by Zagato. Raced and hillclimbed when new by Anna Maria Peduzzi and later by Jean-Claude Arifon in France. Sharp, fresh paint, chrome and interior restored by Tillack in 2002, second in class at Pebble Beach, subsequently driven on two Colorado Grands. One of four known survivors with this body style. Exceptionally handsome and rare coachwork coupled with Fiat's gutsy little 2-liter V-8 and early competition history combine to make this Zagato-bodied Fiat eligible for just about anything and sure to be one of the most intriguing cars at any event or show. Why it should bring nearly double the price of 0061 sold by Gooding here a year ago for $682,000 (with two in-period Mille Miglia entries to its credit) is a question only the bidders can answer, but it sure looks expensive from the outside. photo credit: Pawel Litwinski)
1952 Ferrari 225 S Vignale
Lot # 129 1952 Ferrari 225 S Tuboscocca Berlinetta, Body by Vignale; S/N 0168ED; Red/Tan leather; Estimate $850,000 - $1,100,000; Competition restoration, 3+ condition; Hammered Sold at $800,000 plus commission of 10.00%; Final Price $880,000 -- RHD. Driving lights, no bumpers, silver painted Borrani wire wheels. Eighth overall and second in class at Sebring and fourth overall at Bridgehampton in 1953 driven by Peter and Robert Yung. Later raced in Cuba by Santiago Gonzales, winning the 1955 Cuban Sports Car Grand Prix outright. Class winner at Pebble Beach in 1979. Engine combines a 250 block and crank with 225 heads and ancillaries. Restored to good driving condition in the late 70's with noticeable flaws and shortcuts, mechanically redone in the early 00's. Sold by RM here in Monterey in 2009 for $710,000 hammer, $781,000 with commission with the engine rebuilt since and 876 more km showing on the odometer, a poor return for the seller but a good buy for the new owner.
1950 Jaguar XK 120 Roadster Alloy
Lot # 131 1950 Jaguar XK 120 Roadster Alloy; S/N 670146; Engine # W12887; Black/Brown, Tan leather; Black cloth top; Estimate $325,000 - $400,000; Older restoration, 2 condition; Hammered Sold at $290,000 plus commission of 10.00%; Final Price $319,000 -- Steel wheels, wide whitewalls, rear wheel skirts, fog lights, Tribar headlights. Quality old restoration still in very good condition. AACA Senior award winner, 2002 Greenwich and Meadow Brook Concours Best in Class, JCNA twice national champion. In 2001 this was a freshly restored gorgeous car in concours over-restored condition when it sold at Barrett-Jackson for $172,800. It's a little aged since then, not quite the crisp, sharp car that would go on to multiple awards, but still impressive and ready for close scrutiny. Its price, however, is at the top of the heap, even selling under Gooding's low estimate.
1957 Ferrari 410 Superamerica Series II Coupe
Lot # 135 1957 Ferrari 410 Superamerica Series II Coupe, Body by Pinin Farina; S/N 0715SA; Engine # 0715SA; Black/Tan leather; Estimate $2,500,000 -; Visually maintained, largely original, 3- condition; Hammered Sold at $2,700,000 plus commission of 10.00%; Final Price $2,970,000 -- Chrome spoke Borrani wire wheels, Marchal headlights and driving lights, Clayton heater., Englebert blackwall tires. 1957 Paris Auto Show display car, later owned by H.L. Hunt and single family owned since 1969. Cracking old paint at least partially repainted over old paint. Worn, surface cracked, dyed original interior. Clean and orderly underhood, even the hood blanket (aside from some tears.) Very nice as is, with real character and a slew of FCA and other awards. Known history from new and almost completely and perfectly preserved with 18,810 miles on its odometer. An important and desirable Ferrari from any vantage point, but particularly with its excellent and consistent preservation. It's unfortunate the original paint hasn't survived better. Its condition almost certainly requires a repaint, which then makes the upholstery look bad, which ... and soon the originality is gone. (photo credit: Pawel Litwinski)
1962 Ferrari 250 GT Series II PF Cabriolet
Lot # 138 1962 Ferrari 250 GT Series II Cabriolet, Body by Pininfarina; S/N 3807 GT; Engine # 3807; Maroon/Beige leather; Black cloth top; Estimate $550,000 - $650,000; Cosmetic restoration, 3+ condition; Hammered Sold at $645,000 plus commission of 10.00%; Final Price $709,500 -- Chrome spoke Borrani wire wheels, blackwall tires, no radio. Cosmetically restored a while ago with good paint, chrome and interior. Chassis and underbody repainted over old undercoat. Cosmetically restored in the early 90's with subsequent engine rebuild. Cavallino Platinum in 2002. Little used since apparently and in good but not exceptional condition. The same cannot be said of the price it brought, a premium result for a Series II 250 GT Pininfarina Cabriolet in this condition although these remain one of the better values in drop top Ferraris.
1962 Ferrari 250 GT SWB Berlinetta
Lot # 142 1962 Ferrari 250 GT SWB Berlinetta; S/N 3409GT; Engine # 3409GT (re-stamp); Silver-Grey/Dark Green leather; Estimate $3,500,000 - $4,500,000; Recent restoration, 2- condition; Not sold at Hammer bid of $2,200,000 -- Chrome spoke Borrani wire wheels, 185/80R15 XAS tires, bucket-style seats, Marchal headlights and fog lights. Re-stamped engine. Restored several times, first by Paul Russell and most recently by Bob Smith with some historic racing preparation and events in between. Good paint and chrome. Older interior wearing through its old dye job. Underbody sprayed with chassis black over old undercoat. Sufficiently better than a driver restoration to earn Platinum and La Bella Macchina at Cavallino in 2010. Excellent bodywork with flush panels and precise gaps. The confused history of restoration, historic racing preparation, re-stamped engine and re-restoration may have put the bidders off this car. Its bodywork is a joy to see and the color is the perfect choice to show off the SWB's lines.
1938 Lincoln Model K Convertible Victoria, Body by Brunn
Lot # 143 1938 Lincoln Model K Convertible Victoria, Body by Brunn; S/N K9002; Engine # K9002; Blue/Blue cloth and leather; Blue cloth top; Estimate $300,000 - $350,000; Older restoration, 2- condition; Not sold at Hammer bid of $230,000 -- Blue stamped wheels, new wide whitewalls, dual sidemounts with full metal covers and mirrors, fender skirts, teardrop cast aluminum running boards. The seat cloth and top are new but the door panels are older and soiled. The underside has been nicely detailed. Good older paint with touchups and good older chrome with light polishing marks and wear. Coachbuilt Model K's are beautiful cars but the market doesn't recognize them in the same category as coachbuilt Packards and Cadillacs, especially when they sport older restorations with what can be called strategic freshening. Sold by RM in Monterey in 2008 for $192,500, the expectations for this car today are excessive and the reported high bid could have been accepted without regret.
1913 Rolls-Royce Silver Ghost 40/50hp Torpedo Tourer, Body by Harley
Lot # 145 1913 Rolls-Royce Silver Ghost 40/50hp Torpedo Tourer, Body by Harley; S/N 2517; Engine # 17P; Green with Black fenders/Tan leather; Tan cloth top; Estimate $900,000 - $1,300,000; Rebodied or re-created, 3- condition; No bidding interest shown $700,000 plus commission of ; Final Price $700,000 -- RHD. Chrome wire wheels with Dunlop tires and single sidemounted spare. Replica of the original H.J. Mulliner coachwork for the Maharaja of Patiala. The varnished toolbox and battery box have some scratches. The paint is in intact but the fenders have some very large cracks and the body has light scratches and cracks. The interior is heavily worn and soiled but fully intact and the underside has been nicely clean detailed. According to the catalog the original coachwork was not salvageable and was recreated in the 1970's. Coachwork on a car like this is everything and without being original it falls into the steeply discounted category of any other rebodied grand classic. $18,700,000 was paid at Pebble Beach in 2007 when it was sold from the Richard Solove collection but last year it brought a bid of only $800,000 at RM Monterey. No money was apparent even at this modest bid even with the catalog's gratuitous re-characterization of Bhupinder Singh as a ruler "who worked tirelessly for the betterment of his subjects". He was an infamous rake and narcissist with multiple wives, concubines and myriad children.
1965 Aston Martin DB5 Coupe
Lot # 146 1965 Aston Martin DB5 Coupe; S/N DB5/1990/L; Engine # 400/1099; Sage Green/Tan leather; Estimate $675,000 - $775,000; Cosmetic restoration, 2 condition; Hammered Sold at $625,000 plus commission of 10.00%; Final Price $687,500 -- Chrome wire wheels, fog lights. Deep chrome with fine scratches and moderately worn seats with light soiling. Excellent dash and newer Green carpeting. The underside is not crisp but presentable. Straight body and excellent paint with decent gaps except for the trunk lid. Thoroughly cosmetically restored in the early 00's and unusually well presented and attractive today. The attention to detail during the restoration of this Aston is evident in its quality presentation. Given the slightly aged but quality workmanship this was on the generous side of a fair price.
1939 Steyr 55 2-Dr. Sedan
Lot # 149 1939 Steyr 55 2-Dr. Sedan; S/N IV2528; White/Green leather; Estimate $25,000 - $35,000; Unrestored original, 4- condition; Hammered Sold at $25,000 plus commission of 10.00%; Final Price $27,500 -- 25hp 1,158cc flat four. Rusty disc wheels and sliding sunroof. The bumpers are more rust than chrome and the rear bumper is barely hanging on. The interior is heavily cracked and worn. The underside has heavy surface rust and the door bottoms are rusted through. Not running and in need of everything, but highly unusual. No Reserve. If there were more Steyr 55s out there this might be a parts car but since there aren't it's probably the basis for an intriguing restoration project. At this price the project makes sense if only for the unique factor.
1927 Minerva AFS Roadster, Body by d'Ieteren Frères
Lot # 152 1927 Minerva AFS Roadster, Body by d'Ieteren Frères; S/N 55979; Engine # 56047; Black with Red accent/Brown leather; Black cloth top; Estimate $485,000 - $585,000; Unrestored original, 3- condition; Not sold at Hammer bid of $450,000 -- RHD. Black wire wheel, radiator and headlight stone guards, dual sidemounted spares, passenger sidemount mirror, driver's side spotlight, raked windshield, rumble seat, rear trunk. New brown carpeting, tattered original interior. The paint is old and worn and looks original although it was done only a few decades ago. The underside is heavily worn and the paint is coming off. Needs a lot. What a magnificent car with tons of character. Most Minervas seen are big formal conveyances and this completely stands out with its shorter wheelbase and sporting open coachwork. Given that this is a rare car and that originality is bringing a premium, it's easy to side with the seller in deciding not to let this car go although its originality is a bit overworn and tired.
1955 Jaguar XK 140 Fixed Head Coupe
Lot # 153 1955 Jaguar XK 140 Fixed Head Coupe; S/N S814865; Engine # G53288S; Red/Burgundy leather; Estimate $90,000 - $120,000; Older restoration, 2- condition; Hammered Sold at $85,000 plus commission of 10.00%; Final Price $93,500 -- Chrome wire wheels, fog lights, fender mirrors. Excellent deep chrome. The bodywork has lots of finger-sized waves and variable gaps but nice paint application. The underside has been nicely refinished, the interior upholstery is lightly worn and the wood trim is excellent. A respectable older restoration that's been nicely detailed for auction. No Reserve. Nothing wrong with the price paid here -- a decent car that should be a blast to drive as well as a beautiful piece of Jaguar history.
1960 Mercedes-Benz 300SL Roadster
Lot # 154 1960 Mercedes-Benz 300SL Roadster; S/N 19804210002509; Engine # 19898010002552; Blue-Grey; Grey hardtop/Tan leather; Tan cloth top; Estimate $700,000 - $900,000; Unrestored original, 3- condition; Hammered Sold at $875,000 plus commission of 10.00%; Final Price $962,500 -- Stamped wheels with Mercedes star hubcaps, AM radio, hardtop. 1960 Copenhagen Motor Show display car. Stored thirty-some years with 15,009 miles. Original paint well preserved under a solid layer of dirt and soiling. The interior is heavily worn, soiled and surface cracked. The underside has a nice amount of dirt and cobwebs. Not recommissioned and needs a wealthy of sympathetic attention. The sales result goes to show the continued emphasis placed on originality of important cars. The seller did very well and now the buyer has a tough choice of whether to preserve the great patina of this car or be the first to have a hand at making it look like all the other restored examples of the 300SL roadster. This is huge money and anything more spent on it is down the drain.
1953 Kurtis-Kraft 500S Roadster
Lot # 155 1953 Kurtis-Kraft 500S Roadster; S/N 500S022; Engine # C53815990; Maroon/Red; Estimate $275,000 - $350,000; Competition restoration, 2+ condition; Hammered Sold at $185,000 plus commission of 10.00%; Final Price $203,500 -- 365 cubic inch Chrysler Hemi, Weiand intake with dual Holley 4-barrels, 4-speed, quick-change axle, bolt-on Halibrand wheels, paperclip rollbar, bucket-style seats, full width Plexiglas windshield. Originally DeSoto Hemi powered, later fitted with the Chrysler still in the car by Kurtis. Restored in 2005 with original aluminum bodywork. Shows a little age and use but is nearly show quality. No Reserve. As this result indicates, Kurtis 500s are still trying to find their market. A big guy's car with big performance, it's more car than money.
1928 Bentley 4 1/2 Liter Tourer, Body after Vanden Plas
Lot # 157 1928 Bentley 4 1/2 Liter Tourer, Body after Vanden Plas; S/N PM3252; Engine # PM3256; BRGreen/Green leather; Black cloth top; Estimate $600,000 - $800,000; Concours restoration, 2+ condition; Hammered Sold at $700,000 plus commission of 10.00%; Final Price $770,000 -- RHD. Black wire wheels, cycle fenders, Zeiss headlights, folding windshield, dual aeroscreens. Originally coupe bodied, fitted with this Vanden Plas Le Mans replica coachwork by James Pearce and Roger Wing during 1999 restoration which also added overdrive and disc clutch. Concours restored with stone chips and nicks from use appropriate to the 5,052 miles on the odometer. A charismatic, beautifully restored and prepared old car bought for a premium price.

[Source: Rick Carey]

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  1. SUPERB report on the Gooding auction. Rick Carey’s insights are always much appreciated. I’m hopeful the 250 TR went to the same buyer of the Fiat Transporter – that would be something to see.

    1. Its Ironic. The seller of the 250TR was the buyer of the Fiat 642 Transporter(Jon Shirley)! The 250TR is believed to have gone to a mystery buyer in Argentina, whom also bought&overpaid for the $2.2M steel bodied 300SL Gullwing,overpaid for that producers 250GT LWB California for $5.7M,and finally was the same guy who dished out the $880K for that lime green Ghibli 4.9SS Spyder!

      1. Shirley now has two Fiat Transporters?? I’m pretty sure he already had his Fiat transporter before this auction – in fact, I would border on certain because I saw it years ago in his incredible shop.

        What on earth is the Argentinian thinking on those trades? I need his bank account….!

  2. A great report on the outcome of the Auction. Gooding put on an auction event that was both exciting and valuable for both sellers and buyers. I still think there was something in the Kettlecorn they were sending out to the hungry crowd that got everyone in the bidding frenzy but it may have just been the hammering of some beautifu classics. Looking forward to Scottsdale next year.