Gooding Pebble Beach 2013 – Auction Report

Gooding and Company Pebble Beach 2013 – Auction Report Page Two

1920 Locomobile Model 48 Sportif
Lot # 14 1920 Locomobile Model 48 Sportif; S/N 17212; Engine # 12490; Black/Black leather; Black top; Estimate $175,000 – $225,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $160,000 plus commission of 10.00%; Final Price $176,000. – 525 cubic inch 48 ALAM hp inline six, 3-speed, rear drum brakes, Ball & Ball updraft carburetor, artillery-style wheels, blackwall tires, dual rear-mounted spares – D. Cameron Peck 1940-47, then Lindley Bothwell and his family until 2004. Featured in 1992 movie “Chaplin”. One repaint (apparently a color change) and new top in 1992, otherwise mostly original, interior partially redone. – Extremely nice example of an exclusive (and enormous) model, with thorough provenance our of long term ownership by two pioneering collectors, D. Cameron Peck and Lindley Bothwell. Not original enough to be a preservation class candidate, but more than original enough to be a choice, preserved survivor with great performance and imposing presence. Today’s collectors owe a great debt to early enthusiasts like Peck, Bothwell and James Melton for preserving these monumental relics. The new owner got a great automobile, and an irreplaceable piece of car collecting history, for a modest price, but also took on the burden of continuing its preservation. Restoring this Locomobile would desecrate its history and the history of those who preserved it.
1961 Fiat-Abarth 1000 Bialbero GT Coupe
Lot # 15 1961 Fiat-Abarth 1000 Bialbero GT Coupe; S/N 1128948; Engine # 229/235; White, Blue stripes/Black vinyl; Estimate $300,000 – $400,000; Competition restoration, 2 condition; Hammered Sold at $275,000 plus commission of 10.00%; Final Price $302,500. – 982cc/99hp Abarth four, Campagnolo alloy wheels, front disc brakes – First in class driven by Bruce McLaren for Briggs Cunningham at Sebring in 1962. Later raced by Bob Ennis, 2002 Pebble Beach class winner. Restored like new with excellent paint, interior and a spotless engine compartment. – Sold by Bonhams at Quail Lodge in 2010 for $337,000 and an even better deal today in a giant-killer historic race car even with 51 more miles on the odometer.
1958 Buick Century Caballero 4-Dr. Hardtop Estate Wagon
Lot # 16 1958 Buick Century Caballero 4-Dr. Hardtop Estate Wagon, Body by Ionia; S/N 6E2011885; Midnight Blue, White roof/Red, White; Estimate $100,000 – $125,000; Older restoration, 2+ condition; Hammered Sold at $82,500 plus commission of 10.00%; Final Price $90,750. No Reserve – 364/300hp, Dynaflow, wheel covers, whitewall tires, pushbutton radio, P/S, P/B, 1961 Buick front disc brakes – Two owners from new. Full 2004 restoration holding up well. Excellent paint, perfect chrome, mostly good interior save for some upholstery fit issues. – Rare 4-door hardtop station wagon body style with Buick’s big Roadmaster engine in the short wheelbase Special chassis that is either a joyful example of 1950s American optimism, or wretched excess. Regardless, it will always draw a crowd and will flush many ‘muscle cars’ at the stoplight drags. It is a sound value for a rare station wagon at this price.
1925 Bugatti Type 35 Grand Prix
Lot # 17 1925 Bugatti Type 35 Grand Prix; S/N 4613; Engine # 44; Light Blue/Mixed leather; Estimate $2,500,000 – $3,000,000; Competition car, original as-raced, 3 condition; Not sold at Hammer bid of $2,100,000 – RHD. Driveshaft driven alternator, alloy wheels, single aero screen, single sidemount, Marchal headlights, Scintilla taillights – 1925 Olympia Motor Show display car, first owner Woolf Barnato. Later owned by Rolls-Royce and Lagonda engineer Stuart Tresilian, then upgraded to 2.3 liters by Leslie Bachelier. Later ran in three MM Retros with some updates like wider wheels and radiator (originals included) and Targa fuel tank. Inspected by David Sewell and given high marks for originality of its components. Thoroughly documented. A very used but very real Type 35. – It is impossible not to like this continuously maintained, frequently raced Bugatti Type 35. Its patina recalls eight decades of informed, enthusiastic owners who continued its maintenance as needed and regularly updated it as necessary for reliability and safety. It’s a shame it didn’t find a new owner here at the reported high bid, but it can’t be far off.
1948 Cisitalia 202 SC Coupe, Body by Stablimenti Farina
Lot # 18 1948 Cisitalia 202 SC Coupe, Body by Stablimenti Farina; S/N 103; Engine # 146; Red/Beige leather; Estimate $400,000 – $500,000; Competition restoration, 2 condition; Hammered Sold at $350,000 plus commission of 10.00%; Final Price $385,000. – RHD. 1,089cc/55hp inline four, single carburetor, 4-speed, chrome wire wheels, blackwall Pirelli P3 tires, front fender trafficators, Nardi woodrim steering wheel – Raced by its first owner, Joseph B. Ferguson, Jr., at Watkins Glen in 1949 finishing 11th overall and 2nd in class, then at Bridgehampton in 1951. Restored like new in the early ’00s with excellent paint, polished aluminum trim and upholstery and still as-restored. – While this David may not run with its Goliath contemporizes few of them have the Cisitalia’s wonderful design. Its early competition history at Watkins Glen and Bridgehampton offer a key feature for entry in some important and exclusive events. The combination is hard to beat, especially at this price.
1921 Mercer Series 5 Sporting
Lot # 20 1921 Mercer Series 5 Sporting; S/N 13140; Engine # 593; Red, Black/Black; Burgundy top; Estimate $125,000 – $150,000; Cosmetic restoration, 2 condition; Hammered Sold at $102,500 plus commission of 10.00%; Final Price $112,750. No Reserve – Ball & Ball carburetor, 4-wheel drum brakes, wide whitewall tires, red centerlock wire wheels, black walnut interior trim, side curtains, dual rear spares, original tools and owner’s manual – Recent mechanical freshening of an older cosmetic restoration of a rare model, with only 17 known survivors. Good paint, though rather bright. Sound interior and plating with some nicks and scratches and evidence of light use. Well-fitted top. – Excellent driver condition, with tools, manual and parts book. Not as desirable as the earlier “T” head Mercer but still a fast, sporting limited production car with style and performance and built to extremely high standards. The new owner got an important, commodious, comfortable automobile for a moderate price, a good value.
1964 Porsche 904 Carrera GTS
Lot # 24 1964 Porsche 904 Carrera GTS; S/N 904-057; Signal Red/Dark Blue cloth; Estimate $1,750,000 – $2,250,000; Recent restoration, 2 condition; Hammered Sold at $1,450,000 plus commission of 10.00%; Final Price $1,595,000. – 4-point Repa belts, sliding side windows, hubcaps, woodrim steering wheel, air box, original owner’s manual, date-coded wheels – Raced from new by Juan Fernandez, mostly in Spain. Known history since with little historic racing use. Freshly cosmetically restored in the original color, with a comprehensive ownership history. Original chassis, body, engine and gearbox. 21,915km on the odometer are probably all it has covered since new. Restored like new with very good paint and interior. – Most of this 904’s siblings have been driven into the ground, crashed and mixed up in the exigencies of keeping racing cars competitive both when new and in later vintage competition. This 904 isn’t one of those cars, despite being actively raced by Juan Fernandez when new. Pretty much everything, from the engine to the fiberglass body, are the parts it left Porsche with, and its cosmetic restoration and general preservation are exceptional. A particularly pure example of a great Porsche.
1957 Dual-Ghia Convertible, Body by Ghia
Lot # 25 1957 Dual-Ghia Convertible, Body by Ghia; S/N DG154; Engine # D5003441; Aquamarine/Cognac leather; Estimate $350,000 – $425,000; Concours restoration, 1- condition; Hammered Sold at $450,000 plus commission of 10.00%; Final Price $495,000. – 315/230hp Dodge D-500 engine, Chrysler PowerFlite transmission, Kelsey-Hayes chrome wire wheels, whitewall tires, leather interior, P/B, P/S, P/W, heater – Discovered with just 15,000 miles and then restored at a cost of $230,000. Finished in the weeks before the auction with beautiful paint, brilliant chrome, crisp dashboard and instruments, gorgeous upholstery. Perfection is hardly good enough to describe this Dual-Ghia. – Favored by entertainers, the Dodge Firebomb-inspired Dual-Ghia is every bit as fabulous today as it was in the Fifties, especially when it is as fabulously restored as this. Its effect on the Pebble Beach Auction bidders was apparent in the over-estimate price it brought, but it’s hardly enough to convey the effect it will have going down the highway or taking its place among the trophy contenders at concours. Not inexpensive, but not expensive, either.
1974 Lancia Stratos HF Stradale Coupe
Lot # 26 1974 Lancia Stratos HF Stradale Coupe, Body by Bertone; S/N 829AR0001556; Engine # 829A000001263; Red-Orange/White leather; Estimate $375,000 – $475,000; Visually maintained, largely original, 3 condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000. – Gold wheels, original Lancia warranty book, owner’s card, keys, many documents. – Owned by Swiss postman Karl Kobler from new until sold from his estate in 2011. Mechanically recommissioned thereafter. Sound original paint touched up in places and repainted nose. Good reupholstered seats. Underbody has been repainted over old undercoat. – The most expensive of the three Stratos sold at Monterey this weekend, a value no doubt affected by its originality, colorful history and good, sound condition.
1965 Ferrari 500 Superfast Coupe
Lot # 28 1965 Ferrari 500 Superfast Coupe, Body by Pininfarina; S/N 5985; Engine # 5985; Silver/Orange leather; Estimate $1,750,000 – $2,250,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $1,800,000 plus commission of 10.00%; Final Price $1,980,000. – Chrome spoke Borranis, Pirelli tires, Motorola AM-FM, overdrive, tool kit – 1965 Chicago Auto Show display car, first owned by Heineken beer importer Dieter Holterbosch. Mediocre older repaint (a color change from its unique original livery of Blu Scuro and Orange leather) now with a few flaws and chips. Surface creased but sound original interior, good interior trim, dash and instruments. Clean, orderly engine and chassis. Known history from new and a highly satisfying Ferrari. – ‘Superfast’ is more than just a model name, it appropriately describes this exceptional car, one of just 36 built. A highly desirable piece of Ferrari history bought for a price that in entirely reasonable for its beauty, rarity and performance.

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Show Comments (2)

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  1. “This result is beyond silly, it’s bizarre and out of contact with reality.”
    The reality is that the wealthy expect runaway inflation, and are wisely getting green money out of their portfolio. The manner in which they’re doing it doesn’t seem wise, but it will down the road.

  2. David,
    [David’s comment refers to the $126,500 VW Type 2 21-Window Microbus.]
    There is a certain logic to your observation, although I should have reserved the comment for RM’s Alfa 1750 Spider, at $121,000 even further detached from reality than the bus.
    My trouble with your rationale is that spending money foolishly is not a hedge against inflation. It is spending money without regard to how it might otherwise be employed. Either of these two vehicles could have been bought for much less than the high bid. A rational economic person does not throw $50 or $60 thousand away just in order to acquire a hard asset that could be acquired for much less. This is not ‘wisely getting green money out of their portfolio.’ It is replacing a asset that may depreciate by some unacceptable but as yet uncertain rate (‘green money’) with a hard asset that is already instantly depreciated by 30-60% by over-paying for it.
    That isn’t a hedge against inflation.