Mecum Kissimmee 2014 – Auction Report

Mecum Kissimmee 2014 – Auction Report Page Six

2003 Ferrari 360 Spider
Lot # S024.1 2003 Ferrari 360 Spider; S/N ZFFYT53A030132600; Argento Nürburgring, /Black leather; Black cloth top; Unrestored original, 2- condition; Hammered Sold at $80,000 plus commission of 8.00%; Final Price $86,400 – Assembly number 49669. Chip guarded nose and mirrors, SF shields, PZero tires. – Clean car with 10,000 miles. – Ferrari continues to perfect its mainstream cars, even to the point of making them user-friendly. This is half of the original sticker price and can be expected to continue to decline but offers the new owner a nearly unsurpassed driving experience and the opportunity to show off both the car and the buyer’s good sense in getting a good, well maintained example at a price that makes more than a little sense.
1951 Cadillac 75 Imperial Limousine, Body by Derham
Lot # S028.1 1951 Cadillac 75 Imperial Limousine, Body by Derham; S/N 517541396; White, Black padded roof/Black leather, Beige broadcloth; Visually maintained, largely original, 3 condition; Hammered Sold at $31,000 plus commission of 8.00%; Final Price $33,480 – Automatic, P/W, power division, wheel covers, whitewall tires, skirts, jump seats, two zone A/C. – Built for Edith Head. Casually masked and repainted assembled over old paint. Good chrome and interior. An impressive and large automobile most recently in limo service. – Edith Head is a Hollywood legend. Her car not so much. The new owner might have found better ways to spend this much money than on this indifferently presented Cadillac Limo.
1969 Shelby Mustang GT350 Fastback
Lot # S032 1969 Shelby Mustang GT350 Fastback; S/N 9F02M482675; Blue, Silver side accent/Black vinyl; Cosmetic restoration, 3 condition; Hammered Sold at $58,000 plus commission of 8.00%; Final Price $62,640 – 351/290hp, 4-speed, A/C, pushbutton radio, SW gauges on console, woodgrain steering wheel, 5-spoke alloy center, chrome rim wheels, Radial T/A tires. – 27,717 miles, Marti Report documented. Poor quality repaint already blistering. Quarter windows don’t seal and have weak chrome frames. Underbody superficially done. An auction car. – Brought an auction price, too, appropriately reflecting its many shortcomings and giving little credit to its low miles.
1932 Ford Model B Roadster
Lot # S041 1932 Ford Model B Roadster; S/N B5116590; Black, Red painted coachlines/Black; Black cloth top; Concours restoration, 1 condition; Hammered Sold at $100,000 plus commission of 8.00%; Final Price $108,000 – Red wire wheels, wide whitewalls, dual sidemounts with chrome rings and mirrors, rumble seat, etched wind wings, luggage rack. – Concours restored everywhere and absolutely gorgeous. – A car restored like new with better cosmetics would normally be rated a ‘2+’ but this Model B is much, much better than that but still without ruining its integrity. It is, simply, the best and should not be faulted for being too good, although it is. The buyer wanted a beautiful Model B for years and had no regrets at all about paying a king’s ransom for this piece. It would be wrong to interpret his decision (or his wife’s endorsement of it) by saying anything about the price other than, it’s what it’s worth.

 

1970 Plymouth 'Cuda 2-Dr. Hardtop
Lot # S045.1 1970 Plymouth ‘Cuda 2-Dr. Hardtop; S/N BH23G0B391911; Moulin Rouge, /Black; Modified restoration, 3+ condition; Hammered Sold at $52,000 plus commission of 8.00%; Final Price $56,160 – 440 Six Barrel replacing the original 2-barrel 318, 4-speed, P/S, P/B, wing, fog lights, Rally wheels, trim rings, Radial T/A tires, pushbutton radio, Black shaker. – Described as a ‘Factory AC Car’ but there’s no compressor or plumbing. Dirty gauge faces. Pink everywhere. Good paint, chrome and interior but not what it purports to be. – Offered at Mecum’s Kansas City auction in December with a reported high bid of $42,000, this is not even a good replica of a 440 Six-Barrel ‘Cuda but it brought a wildly superior price. The bidders were blinded by the Moulin Rouge. It would not have been a good value at $35,000.
2007 Ferrari 430 Coupe
Lot # S079 2007 Ferrari 430 Coupe; S/N ZFFEW58A970154314; Black, /Beige leather; Unrestored original, 2- condition; Not sold at Hammer bid of $115,000 plus commission of; Final Price $115,000 – Yellow calipers, SF shields, Daytona seats, built in radar detectors. – 15,000 mile car with new clutch and fluid service. Nearly bald rear tires. Chip guarded nose. – Used, with only depreciation in store for its value curve, it could have been sold well under six figures without being a great value.
1957 Porsche 356A 1600 Super Cabriolet, Body by Reutter
Lot # S085 1957 Porsche 356A 1600 Super Cabriolet, Body by Reutter; S/N 61740; Engine # P61887; Black, /Black vinyl; Black cloth top; Cosmetic restoration, 3+ condition; Hammered Sold at $195,000 plus commission of 8.00%; Final Price $210,600 – Chrome wheels, blackwall no-name radial tires, Blaupunkt radio, clock, Porsche CofA. – Good looking engine put in a not-so-good engine compartment. Body consistently skim coated with filler or many layers of paint. Sound upholstery, good new top, good steering wheel and gauges. clean, freshly painted underbody. Weak window sill, door handle and parking light chrome. An indifferently and erratically presented Porsche Cab with an engine number from the 1956 1600 Normal sequence. – This would have been a much better buy at $145,000 than this price. This is matching numbers, meticulously restored money and this car is neither.
2003 Ferrari 360 Modena F1
Lot # S086 2003 Ferrari 360 Modena F1; S/N ZFFYU51A030130541; Azzuro California Blue, Grey stripes/Black leather; Unrestored original, 2 condition; Hammered Sold at $77,000 plus commission of 8.00%; Final Price $83,160 – F1 6-speed, P/W, alarm, power seats, tools. – No visible wear at all and new tires. Stated to be 14,000 miles from new. – For the money, the 360 Spider sold earlier is a better value.
1964 Porsche 356C Coupe, Body by Karmann
Lot # S090.1 1964 Porsche 356C Coupe, Body by Karmann; S/N 21753; Engine # P601133; Black, /Red vinyl; Visually maintained, largely original, 3- condition; Hammered Sold at $60,000 plus commission of 8.00%; Final Price $64,800 – Blaupunkt multiband radio, chrome wheels, Michelin XZX tires. – Consistently filled body, mediocre old repaint, very thin chrome, orderly but superficially cleaned engine, old undercoat. Cracked steering wheel. A Porsche with no good surprises. ’59 356B 1600 Normal engine number. – Appropriately priced for its several shortcomings, a decent driver Porsche at a respectable price.

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Show Comments (8)

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  1. Rick: It appears that the XK120, Lot S180.1, has a cut down windshield. This could be why there is no top.

  2. It does look low, but the hooks for clamping a top down on the windshield posts are there. I think it just got lost somewhere.
    Nice catch.

    Rick

  3. Hey Rick, always a fan of your reports, especially on the Corvette and muscle car auctions. I appreciate your car by car descriptions and often go back to the auction catalog to see how the cars were presented in the catalog vs your description which often gives the actual condition number of the car. I find it very helpful and interesting noting the difference between what I perceived the car to be from the catalog and what it actually is after your inspection, especially since I am handicapped and cannot get to as many auctions as I’d like to see the cars for myself. The one request I would make is that you always list the condition number (sometimes that it missing) with the other details. I look forward your work each month. I might suggest you take a break and get the Alfa out and enjoy it, especially after such a brutally cold and much too long winter..

  4. Rick,

    Another great report, thanks for all the effort you put into it. I especially enjoy where you trace a cars auction history. Do you mind sharing where info from?

    1. The prior auction result data comes from my own personally compiled and maintained auctions result database. It contains results primarily from the early 90’s to the present but some from prior auctions which I have compiled from catalogs and a variety of sources for the sale and value data.
      I continue to build it, both forward and backward, as data sources and time permit.
      I’m happy to consult it on behalf of others, either with regard to a specific chassis number or for a specific year/marque/model. If I don’t have anything its free; if I come up with meaningful data it costs a little more.

      Rick

        1. Bill,
          No, I don’t do appraisals. It would be, I feel, expose me to conflict of interest situations, and I’m more than busy enough doing the auction reports and some articles.
          Having said that, I’m more than willing to compile and send comparable transaction background that lets you, or a qualified appraiser, form opinions of value.