Mecum Dallas 2016 – Auction Report

Mecum Dallas 2016 – Auction Report Page Five

1969 Maserati Ghibli SS Spider, Body by Ghia
Lot # S107.1 1969 Maserati Ghibli SS Spider, Body by Ghia; S/N AM115S1005; Engine # AM115S1005; Yellow/Black leather; Estimate $900,000 – $1,200,000; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $860,000 – 4930/355hp, 5-speed, Borrani wire wheels, Michelin X tires, Ferrero leather-wrapped steering wheel, power windows, Blaupunkt cassette stereo, dash clock. – Used engine bay. Sound older paint and chrome. Driver’s side door sticks way out at the bottom, and doesn’t open easily. Excellent restored interior. Restored to high standards a while ago, but used plenty since. – Sold at Artcurial’s Rétromobile auction two years ago for $993,728, then made its way to Mecum Monterey in August of this year, where it hammered not sold at $850,000. Both of these Mecum results are perfectly appropriate and even generous given the car’s condition. If the consignor bought it in Paris the tea leaves are not telling a good story.
2008 Mercedes-Benz SLR McLaren Convertible
Lot # S114 2008 Mercedes-Benz SLR McLaren Convertible; S/N WDDAK76F28M001809; Black/Black leather; Estimate $395,000 – $425,000; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $325,000 – 5439/617hp, supercharged, automatic, carbon ceramic brakes, carbon fiber interior trim, carbon fiber seats, airbrake. – No visible wear to be found. Like new and showing only 2,047 believable miles. – This was a half-million-dollar car when new, and other recent results for these cars show them to still be depreciating. As a limited production supercar, though, it likely won’t take too long before SLR McLarens start selling for huge money alongside other 2000s exotics. It was reported bid to $230,000 at Auctions America’s Burbank sale in 2013, then sold by Russo and Steele in Scottsdale in 2014 for $338,800
1938 Lincoln Model K Limousine, Body by Willoughby
Lot # S117 1938 Lincoln Model K Limousine, Body by Willoughby; S/N K9125; Blue, Black/Black leather in front, Gray cloth in back; Estimate $75,000 – $85,000; Older restoration, 3+ condition; No Reserve; Hammered Sold at $60,000 plus commission of 10.00%; Final Price $66,000 – Hub caps and trim rings, wide whitewalls, dual enclosed sidemount spares, greyhound radiator mascot, suicide rear doors, jump seats, wind-up division window with curtain, robe rail, dome courtesy lights, dash clock, intercom. – Very good, lightly worn interior. Scuffed up running boards. Tired old paint. Good older chrome. Older restored engine bay and underbody. Looks like it is leaking coolant. Door gaps aren’t quite even. Rare, magnificent chauffeur-driven Lincoln, but it’s best days are behind it and it’s due to be restored again. It will be a solid show contender when it is but until then it is no more than a project. – While this result is reasonable for this Lincoln’s exclusivity and luxury almost anything the new owner begins to do with it is going to end up being expensive. And when it’s done, it’s still a big, imposing limousine.
1965 Shelby Mustang GT350 Fastback
Lot # S120 1965 Shelby Mustang GT350 Fastback; S/N SFM5018; Wimbledon White, Blue stripes/Black vinyl; Estimate $450,000 – $500,000; Older restoration, 2 condition; With Reserve; Hammered Sold at $410,000 plus commission of 10.00%; Final Price $451,000 – 289/306hp, 4-speed, Shelby alloy wheels, Goodyear tires, hood pins, side exhaust, racing lap belts, woodrim steering wheel. – Formerly part of the Reggie Jackson collection. Trunk and passenger’s door gaps are uneven. Very good older paint and chrome. Excellent restored interior. Nearly spotless underbody. A very well restored car done a while ago but treated as a collectible since and nicely maintained. – While they offer fewer cubic inches than later Shelby Mustangs, the ’65 GT350s have the racing pedigree and are more rewarding to drive, which is something that collectors seem to have started appreciating over the past year. This car sold at Russo and Steele in Monterey in 2005 for $324,500, then at Mecum Kissimmee in 2015 for the huge, even benchmark sum of $480,600. While more modest, this result is still a strong price and no less than the car deserved.
1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Pininfarina
Lot # S125 1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Pininfarina; S/N 16109; Yellow/Black leather; Estimate $650,000 – $800,000; Older restoration, 2- condition; With Reserve; Not sold at Hammer bid of $700,000 – Borrani wire wheels, Michelin XWX tires, Ansa exhaust, Simpson lap belts, Momo leather-wrapped steering wheel, factory air conditioning, power windows, later Alpine cassette stereo. – Fully restored in the 1990s and 8,000 miles ago. Very good paint other than a chip at the back edge of the hood and two more small ones at the back edge of the passenger’s side door. Lightly scratched window frames. Very light wear to the steering wheel and seats but otherwise very good interior. Lightly used but tidy underneath. Well restored in the first place and quite well kept since. – Reported not sold in Kissimmee this year at a high bid of $800,000, then made its way to Mecum Monterey in August and hammered not sold again at a high bid of $650,000. Daytonas haven’t been getting much higher than mid-six-figures at auction in 2016, and the owner of this car is unlikely to get more than what was already offered (and refused) at Kissimmee at the beginning of the year. Toting it around the country in search of the right combination of environment and bidders has a declining probability of success. Its odometer has added 72 miles since Kissimmee.
1973 Ferrari Dino 246 GTS Spider, Body by Scaglietti
Lot # S127.1 1973 Ferrari Dino 246 GTS Spider, Body by Scaglietti; S/N 06158; Red/Tan leather with Black inserts; Visually maintained, largely original, 3 condition; With Reserve; Not sold at Hammer bid of $300,000 – Cromodora wheels, Michelin XWX tires, Momo leather-wrapped steering wheel, Becker Grand Prix radio, power windows, air conditioning. – Stated to be 12,554 miles from new with an engine-out service last year. Lightly scratched front bumpers and rubber rub strips don’t fit evenly. Originally finished in blue. Light detail scratches in the older paint but no major blemishes. Very clean, lightly used engine bay. The panel inside the door with the pull handles for engine cover, trunk and fuel door has come loose and is hanging on by a thread. Good original interior with light wear to the seats. – Sold at RM Monterey in 2014 for $440,000, huge money for a car in this condition at the time. Viewed on-site at Mecum’s Monterey auction 3 months ago but didn’t cross the block perhaps because of a transposition error in the chassis number. It would be unreasonable to expect this car to match the 2014 result, but it does deserve more than the reported high bid here.
1989 Ferrari 328 GTS Targa, Body by Pininfarina
Lot # S128 1989 Ferrari 328 GTS Targa, Body by Pininfarina; S/N ZFFXA20A3K0079491; Nero/Tan leather; Estimate $90,000 – $105,000; Unrestored original, 2- condition; With Reserve; Not sold at Hammer bid of $65,000 – Pirelli Cinturato tires, roof spoiler, leather-wrapped steering wheel, power windows, air conditioning, Blaupunkt cassette stereo. – Tidy original engine bay. Recent partial interior refresh. New clutch. Good paint other than numerous small chips on the nose and several on the tail as well. Very good interior. Not the best, not the worst. Showing 30,448 believable miles. – This 328 was reported sold by Mecum in Monterey not even 3 months ago for $56,100 and what the consignor thinks about the 328 market is different from the opinion of the Dallas bidders. It is premature to call the end of the 328 fad, but this result adds another data point. The result here would have been a modest profit, which is better than hoping for lightning to strike.
1996 Porsche 911 GT2 Evo Coupe
Lot # S130 1996 Porsche 911 GT2 Evo Coupe; S/N WP0ZZZ99ZTS394062; White/Black; Estimate $1,250,000 – $1,750,000; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $950,000 – 3.6/600hp, twin turbos, 6-speedBBS wheels, Michelin slicks, cross-drilled rotors, Recaro seat, Sabelt harness, full roll cage, fire system. – Two scuffs on the bottom lip. Otherwise very good paint and everything else. Looks like a new race car. One of 11 993 GT2 Evos built for GT1 racing, and just about the ultimate air-cooled 911 in terms of specification. – Not sold at Mecum Monterey this year at a high bid of $1,350,000. Given that RM just sold a 1995 GT2 for $2.4 million at their London sale, the owner of this car can’t be blamed for wanting more, although Mecum bidders have spoken twice.