Auction NewsAuction ResultsAuctionsMecum AuctionsMonterey Car Week·5 CommentsMecum Monterey 2012 – Auction ReportRick Carey·August 29, 2012 Mecum Monterey 2012 – Auction Report Page Two Lot # S095 1966 Ferrari 275 GTB Alloy Berlinetta; S/N 08143; Engine # 08143; Red/Black leather; Recent restoration, 3+ condition; Not sold at Hammer bid of $1,100,000 — Centerlock alloy wheels, Michelin XWX tires, full tool roll. Long nose body, represented as matching numbers with complete ownership history from new. Includes four new Borrani wire wheels and handbook. Fresh paint and major chrome but window and door trim not done. Good new interior. Paint job quality is mediocre with visible flaws. Underbody is clean but unexceptional. Visibly deficient in presentation and preparation, the seller should still be reconsidering declining this bid if there was money behind it. There is real potential here, but there is a ways to go to realize it. Lot # S097 1954 Ferrari 750 Monza Spider, Body by Scaglietti; S/N 0462MD; Red/Faded Blue cloth; Competition car, original as-raced, 3+ condition; Not sold at Hammer bid of $2,800,000 — RHD. 857 engine installed, original block (but not much else) and a transaxle included, passenger’s seat hard cover, driver’s windshield, 5- speed gearbox, silver painted wire wheels. Freshly serviced. Old upholstery worn through. Edge cracked paint. Never really restored, erratic paint, good chassis and engine. A plain old race car. This is a hard sell at Mecum unless the seller is willing to accept a haircut or prepared to spend the time and money to bring it back to its original configuration. Leaving a lot of ‘promise’ to bidders isn’t calculated to achieve a generous price and this bid makes sense for what was on offer at the Hyatt. Lot # S101 1908 Simplex 50 Speedcar Roadster; S/N 211; Maroon/Black leather; Concours restoration, 1- condition; Hammered Sold at $1,900,000 plus commission of 6.00%; Final Price $2,014,000 — RHD. Condor bulb horn, Warner speedometer and clock, Solar kerosene side lights, dual rear spares with round Sages luggage, Solar Type 796 acetylene headlights, 610 cubic inch T-head four, Simplex carburetor, Bosch magneto, double chain drive. Older show quality restoration with excellent paint, good upholstery and brilliant brass. Described as the oldest known surviving Simplex. Freshly restored and nearly impeccable. At this price the bidders plainly accepted the auction’s representation that this is the oldest known Simplex. Its condition and presentation are nearly concours-fresh and it has to be an endorphin-producing ride no matter what its history. In the absence of evidence of the originality of its configuration the new owner had to accept it for what is, a bit of a stretch at this price. (photo: Mecum) Lot # S103 1934 Packard 1107 Twelve Convertible Sedan; S/N 110774313; Dark Red, Maroon accent/Dark Red leather; Black cloth top; Older restoration, 3 condition; Not sold at Hammer bid of $180,000 — Chrome wire wheels, wide whitewalls, dual enclosed sidemounts with mirrors, radiator stoneguard, trunk rack. An older restoration to like new condition with age and use. A few edge cracks but still presentable. A good tour car. Offered by RM in Arizona earlier this year and reported sold for $180,000. No wonder it didn’t get cut loose here in Monterey. Lot # S110 2008 Cadillac CTS-V Factory Race Car; S/N SOLD ON BILL OF SALE; Black, Red, White/Black; Competition car, original as-raced, 3 condition; Not sold at Hammer bid of $180,000 — As raced, clean and orderly as expected for a factory race team car. Extensively modified and reconfigured with few factory parts other than the floor pan, steel roof and rear suspension. Eligible for SCCA racing where it should be a contender after preparation and safety checks. Still, a similar thrill is available at 1/6 the price with a road racing configured NASCAR cup car. Lot # S123 1972 Porsche 917/10 Spyder; S/N 003; White “L&M”/Black; Competition restoration, 3+ condition; Hammered Sold at $5,500,000 plus commission of 6.00%; Final Price $5,830,000 — The 1972 SCCA Can-Am championship winning twin turbo 917/10 driven by Mark Donohue and George Follmer. Attested extensively by Penske’s chief mechanic ‘Woody’ Woodward and documented with one of the best single-car books Monterey has seen [written by Stephen Cox, to give credit where it’s due.] Cleaned up and, visually at least, race ready. Breathtakingly powerful and singularly important in American (and Porsche) racing history, this is if anything a modest price for this car’s performance, appearance and history. It is the single car that ended McLaren’s domination of the Can-Am, and unfortunately set Can-Am on the path to irrelevance as the pinnacle of ‘run whatever you want’ road racing and a sound value at this price especially with an indifferent result GT40/Mirage selling for $11 million this weekend. Lot # S128 1956 Mercedes-Benz 300SL Gullwing; S/N 1980405500637; Engine # 1989805500630; Red/Black leather; Visually maintained, largely original, 3 condition; Hammered Sold at $675,000 plus commission of 6.00%; Final Price $715,500 — Red fitted luggage, polished alloy wheels, Black fitted luggage, Nardi woodrim hinged steering wheel, Becker Mexico radio, bumper overriders. Fresh paint and chrome and the top of the engine is done but the compartment it sits in is aged and neglected. Doors fit well. Dressed up for the auction, but still tacky under the new outfit. Sold by RM in Boca Raton in 2004 for $211,325 with rust bubbles and indifferent presentation. It’s better today but still not a particularly attractive Gullwing, just a presentable driver that offers little confidence of its mechanical condition. As such this result is a major success. Driven for a while, it will soon demand comprehensive work which will quickly become a ‘while it’s apart’ restoration and put the owner underwater.