RM Auctions Amelia Island 2013 – Auction Report

RM Auctions Amelia Island 2013 – Auction Report Page Two

1970 Porsche 908-3
Lot # 148 1970 Porsche 908/3 Sports Racer; S/N 004; Gulf Blue, Orange/Red cloth; Estimate $1,400,000 – $1,700,000; Competition restoration, 2+ condition; Not sold at Hammer bid of $1,300,000 – 2 seats, 5-point belts, chrome driver’s rollbar, black wheels, Avon tires – Built up from a chassis originally used by Porsche for static fatigue testing, never bodied or raced. Later a spare for Kremer Racing and eventually passed on to Dale Miller who built a new body, found a correct engine and sold it to the consignor. Raced subsequently in US vintage events about 12 times. Essentially a car built from spares with a reproduction body and components from … wherever, but done to meticulous standards and highly impressive in cosmetics and preparation. – Extensively justified in the catalog (‘implying that this car is nearly as desirable in terms of originality as most of the other remaining 12’ [one has its original body]. The bidders weren’t convinced, at least at the described catalog estimate range, but at the reported high bid it wasn’t far off from a price that would have made it possible for RM to find a way to make the deal.
1971 Ferrari 246 GT Dino
Lot # 150 1971 Ferrari 246 GT Dino; S/N 01968; Black/Black leather; Estimate $250,000 – $300,000; Older restoration, 3+ condition; Not sold at Hammer bid of $230,000 – Becker Mexico cassette, P/W, Cromodora wheels, Michelin XWX blackwalls, covered headlights – An older restoration with good chrome, new paint and new interior. Underbody not done to the standards of the top, and shows some age and use but a very attractive driver. – A seriously good looking Dino in black which looks great on its quality, good fitting bodywork. Its failure to find a new owner may indicate a slackening in the seemingly endless escalation of Dino prices.
1939 Talbot-Lago T-23 3-Position Cabriolet
Lot # 151 1939 Talbot-Lago T-23 3-Position Cabriolet; S/N 93463; Light Blue, Blue fenders/Brown leather; Beige cloth top; Estimate $140,000 – $180,000; Older restoration, 3- condition; Hammered Sold at $145,000 plus commission of 10.00%; Final Price $159,500. No Reserve – Wilson pre-selector gearbox, cloth covered inset rear spare, Marchal headlights and fog lights, fender mirrors, steel spoke wheels, blackwall tires – Sound but tired old repaint, mediocre chrome, aged but sound upholstery. Faded old top. Underbody and chassis are covered in road grime. Visible corrosion in body sills. Aged but usable as is and would be a great tour car. – This is a car with great potential for touring, with ample power and good weather protection when needed. It will take a full re-restoration to bring it to show quality, however, and that’s not cheap. The two alternatives are reasonably reflected in the price it brought here.
1931 Cord Front Drive L-29 Cabriolet
Lot # 152 1931 Cord Front Drive L-29 Cabriolet; S/N 2929758; Limousine Maroon, Grey accent/Grey leather; Beige cloth top; Estimate $450,000 – $650,000; Concours restoration, 1 condition; Hammered Sold at $370,000 plus commission of 10.00%; Final Price $407,000. – Chrome wire wheels, blackwall tires, dual sidemounts with strap-on mirrors, rumble seat, trunk rack, Woodlite headlights and cowl lights – Excellent paint, chrome, interior and top. Chassis and underbody are as nice as the exterior. Pebble Beach class award winner in 1987, then again in 2006. E.L. Cord Award by ACD Club in 2006. – An exceptionally well restored car in beautiful, subtle colors and materials that brought a healthy but not unreasonable price. The new owner will be proud to own, drive and show this L-29, but maybe even more proud of securing its ownership at this price.
1929 Cord Front Drive L-29 Town Car,
Lot # 154 1929 Cord Front Drive L-29 Town Car, Body by d’Ieteren Freres; S/N 2926758; Black, Yellowed silver/Black leather, Grey cloth; Black leatherette top; Estimate $150,000 – $200,000; Visually maintained, largely original, 4+ condition; Hammered Sold at $140,000 plus commission of 10.00%; Final Price $154,000. – Black wire wheels, blackwall tires, dual sidemounts, top hinged windshield, rollup division, pulldown rear window shades, speaking tube, jump seats, luggage trunk – Bodied from new with this coachwork transferred from the first owner’s 1927 Minerva. Four owners from new. Certified Category One by the ACD Club. Cracked, peeling old paint, yellowed safety glass, dull chrome. Sound and usable upholstery and decent interior wood. Looks like junk, but runs like a top. – An unusually well-balanced job mounting the d’Ieteren Freres body on the long, low L-29 chassis and carefully preserved by a succession of sympathetic owners make for a fascinating story and a Cord that will always deserve the description ‘unique’.
Tucker 48 4-Dr. Sedan
Lot # 155 1948 Tucker 48 4-Dr. Sedan; S/N 1003; Metallic Bronze/Beige cloth; Estimate $1,500,000 – $1,900,000; Recent restoration, 1 condition; Not sold at Hammer bid of $1,475,00. – Wheel covers, wide whitewalls, pre-selector gearbox – Concours restored to showroom condition. Excellent paint, chrome, interior and interior plastic. Exceptionally well done. – Offered in tired original condition by Christie’s at Pebble Beach in 2002 with a high bid of $150,00, later reported sold at Kruse Auburn Fall in 2005 for $378,000. The world is fascinated by Tuckers, which are revolutionary automobiles for the time and resonate with the story of Preston Tucker’s hubris, but perhaps also his undeserved fall depicted in the 1988 movie. This is what a well restored, documented Tucker is worth today. It is a popular legend, but also an unsuccessful automobile venture that in the end changed nothing.
1931 Duesenberg Model J Tourster
Lot # 156 1931 Duesenberg Model J Tourster, Body by after Derham; S/N 2456; Engine # J-444; Black/Tan leather; Tan cloth top; Estimate $900,000 – $1,200,000; Older restoration, 3+ condition; Hammered Sold at $750,000 plus commission of 10.00%; Final Price $825,000. – Chrome wire wheels, wide whitewalls, dual sidemounts with chrome bands and mirrors, wind wings, black leather covered trunk, rollup rear windshield, polished hood side louvers – First owned by comedian Joe E. Brown, later de-bodied and used as a glider launcher by Hughes Aircraft during WWII. Rebodied in the mid-70’s, CCCA Senior National First Prize winner in 1989. An aging older restoration now in touring condition. Good paint, chrome and interior. Chassis has been repainted assembled and is unappealing but the automobile itself is exceptionally attractively bodied. – With a long history of ownership by some of the country’s best known and most knowledgeable collectors, this car carries a certain obligation for continued use and preservation by the new owner. The price, for a rebodied car even if it is rebodied in its original style, is ample, especially considering the aged presentation of its restoration.
1955 Mercedes-Benz 190SL Roadster
Lot # 160 1955 Mercedes-Benz 190SL Roadster; S/N 1210425500458; Graphite Grey/Red leather; Light Grey cloth top; Estimate $150,000 – $200,000; Concours restoration, 1 condition; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000. No Reserve – Becker Mexico AM-FM, whitewalls, hubcaps, trim rings, fitted luggage in the trunk and behind the seats – Fresh, thorough restoration with excellent cosmetics top and bottom, inside and out. Dash and instruments are beautifully done. 2004 Best of Show at the International 190SL Convention. – Done to very high standards and in concours condition, the ‘His’n’Hers’ luggage is a brilliant idea by the consignor that brought lots of attention during the preview and contributed to an exceptional price. It wasn’t all that long ago that a good, sound, usable Gullwing could be bought for this much money. About eight years ago, to be more precise.

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Show Comments (3)

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  1. Rick Carey is a joy to read. His information gives us an idea of what to expect to pay at an auction for a specific car in a specific condition and his reviews are right on. It is a pleasure reading his analysis and his humor is directed at the right place, owners who don’t take care of fine autos, many of which are works of art.

  2. I agree, the pics are great but Rick’s expert commentary and experienced eye make for an enjoyable read – almost like being there, without the $1500 for admission to the “high roller enclave”. Thanks Rick !

  3. James&Mark
    Thanks for the kind words.
    I try to paint a word picture in the notes and comments, which I hope comes through and enriches the account of the sale and the cars. Fortunately, I enjoy the exercise, and am gratified you think it’s working.
    Rick