Gooding Pebble Beach 2013 – Auction Report

Gooding and Company Pebble Beach 2013 – Auction Report Page Three

1952 Ferrari 212 Europa Cabriolet
Lot # 31 1952 Ferrari 212 Europa Cabriolet, Body by Vignale; S/N 0255EU; Dark Blue/Dark Red leather; Black cloth top; Estimate $1,350,000 – $1,650,000; Cosmetic restoration, 3+ condition; Hammered Sold at $1,400,000 plus commission of 10.00%; Final Price $1,540,000. – RHD. Chrome spoke Borrani wire wheels, Vredestein blackwall tires, Ferrari Classiche certified – Good paint, chrome and interior. Underbody not restored, just quickly repainted over minimal prep. Interesting history of a swapped chassis number by Ferrari in 1952 from 0227 EL that puzzled historians and Ferrari for years. Done to a high standard for a touring car, displayed at Pebble Beach in 2002 and driven on the MM Storica in 2005. – An intriguing car, one of just four bodied by Vignale as cabriolets, loaded with early 50’s chrome that is unusual for Ferrari. Handsomely presented and maintained, it is impossible to argue with the bidders’ determination of its value. In many respects it is more distinctive, and definitely more rare, than many other Ferraris commanding low 7-figure prices. When Coys offered it at Silverstone in 1999 it was estimated at just $225-260,000, a far cry from its million and a half dollars fourteen years later.
1950 Alfa Romeo 6C 2500 SS Coupe
Lot # 32 1950 Alfa Romeo 6C 2500 SS Coupe, Body by Touring; S/N 915758; Dark Green/Cognac leather; Estimate $525,000 – $675,000; Recent restoration, 2+ condition; Hammered Sold at $740,000 plus commission of 10.00%; Final Price $814,000. – RHD. Silver painted wire wheels, fitted luggage, Aster multiband radio, rear window curtains, full tool roll, woodrim steering wheel – Freshly over-restored, but thoughtfully so. Beautiful cosmetics. Better than new but without being excessive. 2012 Palo Alto best in class and Honorary Judges Trophy, 2nd in class and Vitesse Elegance Award at Pebble Beach, 1st in class and Most Elegant Post-War at Hillsborough Concours. – The presentation of this Alfa was as good as any car in the auction and a lovely combination of exterior and interior colors that complement Touring’s coachwork. This is a healthy price, but also a simply gorgeous Alfa.
1977 Volkswagen Beetle
Lot # 33 1977 Volkswagen Beetle 2-Dr. Sedan; S/N 1172086650; Engine # AJ116970; Silver/Black; Estimate $35,000 – $55,000; Unrestored original, 2+ condition; Hammered Sold at $26,000 plus commission of 10.00%; Final Price $28,600. No Reserve – Chrome wheels, sunroof, tool kit, window sticker, original spare key, ex-Pete Lovely – Put away with 88 pre-delivery miles on the clock. Well-stored and virtually a new car, still unregistered with the MSO in its document package. – This is the last year the Beetle sedan was imported into the US, fitted with fuel injection. Will require careful mechanical recommissioning if it is to be driven, but every additional mile will diminish its value. It’s probably best just to leave it slumbering for another VW enthusiast to discover twenty years from now. Sold under the low estimate, but appropriately.
2002 Ferrari F2002 Formula 1
Lot # 34 2002 Ferrari F2002 Formula 1; S/N 220; Red ‘Vodaphone, Marlboro’/Black; Estimate $2,200,000 – $2,600,000; Competition car, original as-raced, 2- condition; Hammered Sold at $2,050,000 plus commission of 10.00%; Final Price $2,255,000. – BBS wheels, Bridgestone Potenza tires – Raced seven times in 2002 with one win driven by Michael Schumacher (Brazil in its first race) and two by Rubens Barrichello (European GP and Hungary) and three podiums including Barrichello’s famed team orders pass by Schumacher at Austria. As raced, with only two track events since being sold by Ferrari. – As sanitary as any race car can be, neat, orderly and ready to employ its unspecified but prodigious horsepower for someone small enough to fit its diminutive driver’s compartment. An example of possibly the most successful F1 car ever built, it is worth whatever the Pebble Beach Auction bidders wanted to pay for it.
1937 Delage D8-120 Deltasport 3-pos. Cabriolet
Lot # 36 1937 Delage D8-120 Deltasport 3-pos. Cabriolet, Body by Chapron; S/N 51629; Black, Green accent/Dark Green leather; Black cloth top; Estimate $750,000 – $900,000; Older restoration, 1- condition; Hammered Sold at $700,000 plus commission of 10.00%; Final Price $770,000. – RHD. Steel spoke wheels, hubcaps, trim rings, blackwall tires, Eagle radiator mascot, enclosed rear spare, driving lights, trafficators, outside exhaust headpipes – Excellent older restoration, top and bottom, inside and out with excellent fresh paint, beautiful wood trim and thorough recent mechanical attention. Shows a little age but no appreciable use. – Passed along among several sophisticated collectors and various top of the line restorers, this Delage has style and flair to spare, and performance to back it up. For a quality chassis, powerful driveline and attractive and practical Chapron coachwork this is a reasonable price and the new owner should be very satisfied both with the car and with the value.
1957 Ferrari 250 GT TdF Berlinetta
Lot # 39 1957 Ferrari 250 GT TdF Berlinetta, Body by Pinin Farina; S/N 0703 GT; Engine # 0703 GT; Red/Black leather; Estimate $9,000,000 – $11,000,000; Competition restoration, 2+ condition; Hammered Sold at $8,600,000 plus commission of 10.00%; Final Price $9,460,000. – Silver painted wire wheels, Engelbert tires, Marchal headlights and grille-mounted fog lights, 14-louver sail panel – One of nine 14-louver Tour de France Berlinettas, raced by Albino Buticchi to 4th in class, 9th overall in the 1957 Mille Miglia. Freshly restored to better than new. Excellent paint, aluminum trim and upholstery. Second in class at Pebble Beach in 2010. Above reproach in all respects and eligible for pretty much anything the new owner wants it to enter. – If you think this Ferrari’s 3-liter engine, built to modern standards and with up to date materials, puts out the factory-specified 240 hp you’re deluded. It is a full-on racing car with just enough interior comforts to qualify it for GT status. This is what it costs to live the dream, a few ticks below a 250 GT SWB and way less money than a 250 GTO. It isn’t a particularly good value at this price, but is also money prudently spent in the present market and got all the car – and maybe a little more – for the money.
1934 Packard Twelve 1107 Victoria Convertible
Lot # 41 1934 Packard Twelve 1107 Victoria Convertible; S/N 747-11; Engine # 901780; Dark Green, Light Green coachline/Dark Green leather; Beige cloth top; Estimate $450,000 – $650,000; Older restoration, 1 condition; Hammered Sold at $490,000 plus commission of 10.00%; Final Price $539,000. – Classic Dietrich-designed, Packard-built Victoria body, wide whitewall tires, chrome wire wheels, dual enclosed sidemounts with mirrors, luggage rack – Restored by Tom Moretti in 2003, 100-point and Best in Class every time shown. Near perfect paint, body, plating, interior and even the difficult-to-fit top. CCCA Senior Premier, always 100 points – Sold by Gooding at Scottsdale in 2012 for $506,000, this result is mid-estimate, but must be considered a sound value even at this price. There’s the best and then there’s the rest.
1948 MG TC Roadster
Lot # 46 1948 MG TC Roadster; S/N TC6800; Engine # XPAG7539; Black/Red leather; Estimate $30,000 – $50,000; Recent restoration, 1 condition; Hammered Sold at $70,000 plus commission of 10.00%; Final Price $77,000. No Reserve – RHD. Matching numbers, red radiator, painted wire wheels, twin Brooklands folding windscreens, aluminum valve cover, Thompkins steering box kit, tonneau cover, driving light, top frame and bows but no top, windshield not installed but included – Fully documented restoration initiated in 2004 and completed in 2012 by subsequent owners, panel gaps correct and consistent, paint well prepped and executed, plating sharp and shiny, dull split hide interior leather. – The only way to restore a TC is to reduce it to its component parts, and that was done in this case. Excellent result overall, and the record price, a quite astounding number, shows that.
1971 Lotus Elan +2S Coupe
Lot # 49 1971 Lotus Elan +2S Coupe; S/N 50/0172-N; Engine # U249900; Light Blue/Black; Estimate $30,000 – $45,000; Older restoration, 1- condition; Hammered Sold at $33,000 plus commission of 10.00%; Final Price $36,300. No Reserve – Upgraded CV joints, (real) Minilite wheels, AM/FM radio, stainless steel exhaust – A painstaking restoration completed in 1995 to a quality unlikely to be imagined in Hethel. Long-term ownership resulted in work being done by the owner to his satisfaction. Proven roadability, excellent paint, lovely hand-done interior, fine detail work. Elans and Elan +2s were never built this well. – The +2 has lagged behind the two-seater, but many people feel it’s aesthetically more successful. This was a record price, but a very good car. Fair deal on both sides.
1969 Ferrari 365 GTB/4 Daytona Coupe
Lot # 50 1969 Ferrari 365 GTB/4 Daytona Coupe; S/N 12561; Hemi Orange/Black leather; Estimate $450,000 – $550,000; Unrestored original, 3+ condition; Hammered Sold at $470,000 plus commission of 10.00%; Final Price $517,000. – 5-spoke centerlock alloy wheels, three-ear knockoff nuts, P/W, fixed covered headlights – Good original chrome and interior. Sound older repaint. Possibly 8,983 original km. Hazed headlight covers, lightly worn interior. Suspension freshly rebuilt and mechanically serviced throughout. Other than the repaint this is a choice, original Daytona in its early European configuration. – It is impossible not to like this Daytona, and why such a lovely, original, freshly serviced example should sell for less than a 330 GTC is inexplicable. There are more Daytonas than GTCs (but not a lot), but they will pound GTCs into the pavement. It’s the fickle finger of fashion effect, apparently. This is all the car and then some for this price.
1997 McLaren F1 Coupe
Lot # 51 1997 McLaren F1 Coupe; S/N SA9AB5AC9V1048066; Magnesium Silver/Black; Unrestored original, 1 condition; Hammered Sold at $7,700,000 plus commission of 10.00%; Final Price $8,470,000. – Tools, fitted luggage, complete records, quick release steering wheel (original included), built in radar detector – Two owner car, fastidiously maintained by McLaren in both Germany and Texas. Interior replaced in 2009 with the second owner’s acquisition, odometer changed to miles at the same time. US emissions certified. new brakes, never damaged or repainted. Essentially like new, even with 13,904 miles. – Most people agree this is the ultimate supercar, easy to drive on the road, but fast enough to be modified to win the 24 Hours of Le Mans. Prices keep on climbing: expect them to continue. Believe it or not, this car was bought well and below the prices being asked by McLaren F1 owners, none of whom seem to have any incentive to sell.

Previous 1 2 3 4 5 6 7 8 Next

Show Comments (2)

Your email address will not be published. Required fields are marked *

  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.