Mecum Kissimmee 2016 – Auction Report

Mecum Kissimmee 2016 – Auction Report Page Ten

1965 Pontiac Le Mans GTO 2-Dr. Hardtop
Lot # S152 1965 Pontiac Le Mans GTO 2-Dr. Hardtop; S/N 237375K109386; Cameo Ivory White, Black vinyl roof/Bright Blue vinyl; Estimate $90,000 – $110,000; Older restoration, 2- condition; With Reserve; Hammered Sold at $75,000 plus commission of 10.00%; Final Price $82,500 – 389/360hp Tri-Power, 4-speed, Protect-O-Plate, Wonder-Touch power steering, power brakes, factory air conditioning, Kelsey Hayes heavy duty brakes with aluminum front drums and finned steel rears, 3.23 Safe-T-Track, splitter exhaust extensions, tilt steering column, AM/FM radio, rally gauges, transistor ignition, Rally wheels, Firestone red line tires, bucket seats, console, Hurst shifter, 34 options in all. – Tidy engine bay. Restored underbody. A little bit of very light crazing on the left front fender. A few scratches on the rear bumper, otherwise very good paint and chrome. Uneven door gaps. Great roof vinyl. Very good interior. No longer fresh and perfect, but well done to begin with and needs nothing. A body-off restoration done 20 years ago on a very well-equipped GTO documented with the window sticker and PHS paper. – This is a fabulous Le Mans GTO with options that seem to go on forever and the kind of restoration that even after twenty years is still sharp and attractive. While this is a generous price for most GTO hardtops this one’s endless options and high quality restoration make is something of a bargain at this price. The new owner got all he paid for, and then some.
2005 Porsche Carrera GT Targa
Lot # S153 2005 Porsche Carrera GT Targa; S/N WP0CA29815L001159; Black/Black leather; Estimate $900,000 – $1,100,000; Unrestored original, 2 condition; With Reserve; Not sold at Hammer bid of $825,000 – Michelin Pilot Sport tires, yellow calipers, carbon fiber removable roof, ceramic brakes, ceramic clutch, magnesium wheels, Xenon headlights, wood shift knob, air conditioning, power windows. – Other than seats that look like they’ve been sat in a few times, it’s a like new car with 909 miles on it. – Having demonstrated at several auctions recently the ability to change hands for seven figures Carrera GTs are coming to market just about everywhere to try to catch the market, thus demonstrating that demand does, in fact, stimulate supply and reduce prices. If there was money anywhere close to the reported high bid the seller should have grabbed it without hesitation rather than chasing a declining market downward.
1970 Buick GSX 2-Dr. Hardtop
Lot # S159 1970 Buick GSX 2-Dr. Hardtop; S/N 446370H274707; Saturn Yellow, Black/Black vinyl; Estimate $130,000 – $160,000; Recent restoration, 2 condition; With Reserve; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000 – 455/360hp, M21 4-speed, 3.42 rear end, Rallye Ride Control package, variable ratio power steering, power brakes, hood tach, spoilers, tinted glass, tilt steering column, power windows, Polyglas GT tires, bucket seats, console, Hurst shifter, AM/FM radio. – Sold new in California. Body-off restored in 2012. Excellent paint, chrome and interior. Recently restored and still fresh. Described as a ‘date code correct 455/360hp engine built to Stage 1 specs’, i.e., not the original engine. – The ‘date code correct’ engine inevitably leads to questions about all the other options and features on this GSX, particularly in the absence of any documentation. This is a moderate price for a 360hp GSX, but expensive for one with no history and an engine ‘built to Stage 1 specs.’
1963 Chevrolet Corvette Z06 Coupe
Lot # S160 1963 Chevrolet Corvette Z06 Coupe; S/N 30837S108848; Engine # 3108848 F0I30RF; Sebring Silver/Red vinyl; Estimate $600,000 – $700,000; Older restoration, 2- condition; With Reserve; Hammered Sold at $710,000 plus commission of 10.00%; Final Price $781,000 – 327/360hp fuel injection, T-10 4-speed, 4.11 Positraction, 36-gallon tank, power brakes, off road exhaust, WonderBar radio. – True mileage unknown. Bloomington Gold Hall of Fame, and Gold Special Collection. One of 63 Big Tank Z06 Corvettes produced and represented as the matching numbers engine. Sold new in Victoria, TX. A bit dirty but presentable and largely original engine bay. Slightly uneven door gaps. Good, lightly worn interior. An older body-off restoration, completed in the 1980s. Visibly not quite as good as the blue Lot S204, but it is a big tank car. – Sold here two years ago in 2014 for $513,000, now has 3 more miles on its odometer and brought a surprising price that shows the fascination with rare, fast Corvettes with impeccable documentation still has a strong Heartbeat.
1974 De Tomaso Pantera L Coupe, Body by Ghia
Lot # S164 1974 De Tomaso Pantera L Coupe, Body by Ghia; S/N THPNU07338; Red/Black leather; Estimate $130,000 – $160,000; Unrestored original, 2- condition; With Reserve; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500 – 351/266hp, 5-speed, Pantera Campagnolo wheels, AM/FM radio, power windows, Marti report – Original paint that still shines but has numerous chips throughout as well as two large touched up scratches on the tail. Parking brake has a large “do not use” sign on it. Otherwise, the interior is very clean. Shiny wheels. Clean original engine bay and underbody. Very good original unmolested late US Pantera, showing 11,492 believable miles. – Pantera buyers were a bit spoiled for choice in Kissimmee this year with a total of six on offer. Even so, this car’s unmolested and very well preserved condition commanded quite a bit of deserved attention. It got a big premium for originality when it crossed the block, and the result was at the very top end of prices for late US-model Panteras.
1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti
Lot # S170 1973 Ferrari 365 GTB/4 Daytona Coupe, Body by Scaglietti; S/N 16701; Azzuro/Black leather; Unrestored original, 2- condition; With Reserve; Post-block sale at $700,000 plus commission of 10.00%; Final Price $770,000 – Centerlock Cromodora wheels, Michelin WXW tires, tool kit, manuals, Dinoplex ignition, Becker Mexico cassette radio, power windows, Borletti air conditioning. – Mostly original U.S. spec Daytona with one repaint. 17,361 miles, most of them through the late 1980s, are believable. Recently redone suspension and a tune-up and fluid replacement. Very clean engine bay which includes the U.S. smog equipment usually trashed as soon as possible. Light wear on the underbody. Lightly worn interior. Very good paint. – Bid to $660,000 on the block and reported closed post-block with this result. An honest, mostly original Daytona in very good condition even after long storage and recent re-commissioning. The price is appropriate to its history and condition.
1986 Ferrari Testarossa Coupe, Body by Pininfarina
Lot # S180 1986 Ferrari Testarossa Coupe, Body by Pininfarina; S/N ZFFSA17AXG0063631; White/Beige leather; Unrestored original, 2- condition; With Reserve; Not sold at Hammer bid of $475,000 – Alloy wheels, Goodyear tires, single mirror, locking filler cap, car phone, power windows, air conditioning, cruise control. – Featured in Miami Vice and, less importantly, a Chris Brown/Pit Bull music video. The car card reads “possibly the most famous Ferrari known to exist”, a pretty laughable claim. Stored from 1990 until last year. Classiche certified and recent engine-out service. A few touched up scratches and cracks on the nose. Sizable blisters on and around the side strakes. Small blisters on passenger door. Fairly worn seats, otherwise excellent interior. Discoloration on the exhaust tips. You’d have to really like the show to pay the premium for this, but even without the screen time it’s a commendably preserved flying mirror Testarossa with 16,124 miles on the odometer. – Not sold at Mecum Monterey last year at $600,000, a considerable amount more than it was bid to here. It can be hard to place value on a famous on-screen car, and it’s not like Steve McQueen played Sonny Crockett. But with two trips across the block it seems as if the people have spoken and the 600 grand on offer back in August was a missed opportunity. More auction exposure trying to tease out the right ‘TV show premium’ is not going to do much but make the car shopworn and cost the consignor more entry and transportation fees. It’s time to get real and take any serious money that presents itself.
1979 Ferrari 512 BB Koenig Coupe, Body by Pininfarina
Lot # S186 1979 Ferrari 512 BB Koenig Coupe, Body by Pininfarina; S/N F102BB29183; Black/Black leather; Unrestored original, 3+ condition; With Reserve; Not sold at Hammer bid of $200,000 – BBS centerlock wheels, air dam, wing, roof inlet scoops, front bumper treatment, wide body kit, tool kit, leather-wrapped Momo steering wheel, Blaupunkt cassette stereo. – Lots of stone chips on the nose and some small scrapes at the bottom of the front lip. Flakes coming off the black painted windshield frame and along the drip rails. Some dull switchgear and interior bits, but overall sound cockpit. Tidy underneath. It’s certainly seen some fast driving, but it’s been cared for, probably better than most modified Ferraris. Legally imported to the US in 1980 and comes with its clearance paperwork. – In the absence of any mention of performance upgrades it would appear that the Koenig modifications consist only of the flamboyant body kit. With stock 512 BBs selling for $300,000 or more the Kissimmee bidders turned their collective backs on this Koenig. It is unlikely to find a more receptive venue.

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Show Comments (3)

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  1. Was it worth sitting on that idle Viper for 22 years, paying to store and maintain it, for a price of $50-60K? Seems a dose of reality that more value can be derived by just driving it and having fun.

  2. Rick I just wanted to tell you I love reading your honest assessments and insightful commentary. I learn a lot every time. Keep up the great work.