Mecum Monterey 2014 – Auction Report

Mecum Auctions Monterey 2014 – Auction Report Page Four

1929 Reo Flying Cloud Master Sport Roadster, Body by Hayes-Ionia
Lot # S114 1929 Reo Flying Cloud Master Sport Roadster, Body by Hayes-Ionia; S/N C10226; Red body, , Dark Red hood and fenders/Oxblood leather; Tan cloth top; Older restoration, 3- condition; Hammered Sold at $37,000 plus commission of 8.00%; Final Price $39,960. No – 3-speed, dual sidemount spares with mirrors, wind wings, painted wire wheels, Lester tires, Tilt Ray headlamps, Trippe lights, chrome radiator mascot, CA black plate, wicker door accent, wood top frame, locking filler cap, rumble seat, luggage rack. – Tired paint and chrome. Tired wood in the top frame. Very good interior. Wicker trim is unstuck and flapping in the wind on driver’s side. Used underneath. Shut lines are less than perfect. A very much used older restoration. – This car was blue with primed fenders, an incomplete restoration, when it sold at the 1985 Harrah’s auction for $20,000. Finished a long time ago, it’s still a strong car that can be made better with some effort but not a lot of expense. Not a bargain, but not expensive, either.
1980 Renault R5 Turbo Series 1 Hatchback
Lot # S124 1980 Renault R5 Turbo Series 1 Hatchback; S/N B0000564; Metallic Blue, , Light Blue bumpers, rockers and ‘Turbo’ script/Blue leather with Blue and Red cloth inserts; Unrestored original, 3 condition; Hammered Sold at $130,000 plus commission of 8.00%; Final Price $140,400. – 1397/158hp, single turbo, 5-speed, alloy wheels, Michelin TRX tires, aluminum body, fiberglass fender flares, Solo radio, dash clock, concept interior/art deco. – Strong paint with only a couple of flaws. Strong original interior. Number 428 of the first 600 cars built, which were homologation specials for Group B rallying and had aluminum bodies and fiberglass fenders. Original French title. Only one with this concept art deco interior that features bright blue leather seats with blue and red cloth inserts and red carpets. One family since new from Paris. Very rare in the US and made all the more reliable by its rally heritage. The inclusion of a 5 Turbo in “Never Say Never Again” doesn’t hurt, either. – One of the homologation specials built to legalize the R5 Turbo for FIA Group B World Rally Championship competition, there’s a reason these are know as the ‘Killer Bees’. The wheelbase is only 2,430mm and the power of the highly boosted 1.4 liter four comes on like a switch. Along with the Lancia Stratos, this is the endorphin-addict’s ride. Impressively original, with all the desired lightweight parts, this is the R5 to have and its reception here is a surprising recognition in the US of its performance and originality. A neat car worth every nickel it brought.
1957 Cadillac Eldorado Biarritz Convertible
Lot # S131 1957 Cadillac Eldorado Biarritz Convertible; S/N 5762061874; Black/Black leather; Black cloth top; Older restoration, 3 condition; Hammered Sold at $170,000 plus commission of 8.00%; Final Price $183,600. – 364/325hp dual quads, automatic, BF Goodrich Silvertown whitewalls, Autronic Eye, P/S, P/B, push button radio. – Good paint but not fresh. Lightly worn seats front and back. One of just 1,800 convertibles made in 1957. An older full restoration, but looks like it was done on a budget in the first place and has seen regular use since. – Bought for a price that could have acquired a better restoration with less use, but the triple black presentation of this one counts for something. Call it fair enough, but not a particularly satisfying acquisition.
1995 Porsche 962 K8 Spyder
Lot # S146 1995 Porsche 962 K8 Spyder; S/N WSC01; Yellow/Black cloth; Competition car, original as-raced, 3+ condition; Hammered Sold at $930,000 plus commission of 8.00%; Final Price $1,004,400. – Gold center BBS wheels, Goodyear race tires. – 1995 Daytona 24 Hours winner driven by Jurgen Lassig, Marco Werner, Christophe Bouchut and Giovanni Lavaggi for the Kremer brothers’ team. Later raced at Sebring and Le Mans. Restored in its Daytona livery with good exterior cosmetics, tidy mechanics but showing age and use. Will need extensive preparation before again going on track. One of four K8s built by Kremer. – This Kremer 962 is almost 20 years old and offers fantastic performance in a highly developed package as well as a list of entries (and one overall win) that will make it a valued entrant anywhere its age and configuration permits. Driven to the extreme it will challenge any driver, but even at 7/10ths it will still be a legendary drive at a price that offers performance and history that is hard to equal.
1955 Mercedes-Benz 300SL Gullwing
Lot # S152 1955 Mercedes-Benz 300SL Gullwing; S/N 1980405500606; Engine # 1980425500545; Silver/Dark Blue leather; Older restoration, 2- condition; Hammered Sold at $1,075,000 plus commission of 8.00%; Final Price $1,161,000. – Chrome reproduction Rudge centerlock wheels, Michelin X tires, Becker Mexico AM-FM, fitted luggage, original belly pans, owner’s manual, books, tools. – Claimed to be the original belly pans. Good engine compartment with buffed intake runners. Clean, sharp underbody. Weak trim chrome. Not fresh, but well done and maintained. One of three Gullwings imported new into Guatemala by Manfredo Lippman. Restoration completed in 2006 for Mario Sueiras. US duty paid, 11% buyer’s premium; the final price shown is $31,089 light – The least expensive of the eight Gullwings offered at Monterey this week, a car that needs no excuses and will stand up wherever it appears. A sound, even good, value at this price.
1973 Ferrari 246 GTS Dino
Lot # S154 1973 Ferrari 246 GTS Dino; S/N 05800; Yellow, , Black roof panel/Tan leather, Black stripes; Recent restoration, 2 condition; Not sold at Hammer bid of $425,000. – Cromodora alloy wheels, Michelin X tires, A/C, Kenwood cassette stereo, Daytona style seats. – Excellent paint, chrome and interior. Sharp, clean engine compartment, clean underbody. A very good example. – In all the excitement about Ferrari this week in Monterey the bidders seem to have overlooked this high quality Fly Yellow Dino at Mecum. The bid is light, but not unreasonable and the consignor’s search for more may not be successful in a softening and fully-supplied Dino market. Sometimes it’s better to take the money (if there is any) on a Dino that sold at Russo and Steele’s Monterey auction in 2007 for $199,100.
1965 Ferrari 275 GTB Berlinetta, Body by Pininfarina/Scaglietti
Lot # S164 1965 Ferrari 275 GTB Berlinetta, Body by Pininfarina/Scaglietti; S/N 07633; Red/Beige leather; Older restoration, 2 condition; Not sold at Hammer bid of $1,800,000. – Short nose body, chrome spoke Borrani wire wheels, Michelin XWX tires. – Restored like new fifteen years ago and still in show quality condition if a little aged. Known history from new. – There is nothing wrong with this 275 GTB except the consignor’s expectations and even the expectations, given the fabulous prices reached for similar cars in Monterey this week, are not that far off. In the present environment of nearly unrestrained bidding for V12 Ferraris, and particularly 275 GTBs, this car could have brought $2.5 million without being out of line.
1963 Mercedes-Benz 300SL Roadster
Lot # S168 1963 Mercedes-Benz 300SL Roadster; S/N 19804210003191; Engine # 19898210000154; Silver/Red leather; Black cloth top; Cosmetic restoration, 3+ condition; Not sold at Hammer bid of $1,750,000. – Alloy block, disc brakes, two tops, Becker Grand Prix multiband radio, Dunlop tires. – Warranty replacement engine. Good older paint, cracked leather on the driver’s seat. Wheel wells painted body color. Good chrome. Orderly engine compartment, clean and attractive. Thoughtfully cosmetically restored to attractive touring standards and well-maintained since in the care of racer Bill Wuesthoff. – Not the best 300SL Roadster in the Monterey auctions this week (there were ten of them), this alloy block car should have sold at the reported high bid. It has a choice history, but not choice enough to make up for its erratic presentation and replacement engine.

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Show Comments (3)

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  1. Lot #F105, “Phase 2 Austin-Healey” shows the front shroud light configuration and door handles of a Phase 1 car, although the VIN is given as HBJ8L/27836, a Phase 2 number. Mecum description says it’s a Kurt Tanner restoration to highest Concours standards, but how can that be if the VIN does not match the features of the car? The paint, too, while beautiful, is not an original color and would therefore lose points in Concours.

  2. Rick, I believe that any restorer worth his salt should use a favorable estimate of his work by your column as advertising. Your commentary and evaluations are free of the usual frippery done by writers not wanting to abrade the owner ego. Therefore, I will steer clear of having any of my cars evaluated. I already know the flaws. 🙂