RM Auctions Amelia Island 2013 – Auction Report

RM Auctions Amelia Island 2013 – Auction Report Page Four

1954 Pegaso Z-102 Series II Cabriolet, Body by Saoutchik
Lot # 176 1954 Pegaso Z-102 Series II Cabriolet, Body by Saoutchik; S/N 1021530136; Silver-Blue/Dark Blue leather; Blue cloth top; Estimate $1,250,000 – $1,750,000; Visually maintained, largely original, 3- condition; Not sold at Hammer bid of $700,000. – Chrome wire wheels, wide whitewalls, Becker radio, chrome nerf bar bumpers – One of the most unusual and highly desirable postwar limited production cars, designed by Wilfredo Ricart and built in Spain with a 2.8 liter 4-cam V-8. This unique Saoutchik cabriolet has a quick cosmetic redo with mediocre paint, sound chrome and usable upholstery. Underbody is old, and has body color overspray in the fenderwells. The coachwork is more extreme than attractive. – Saoutchik built some beautiful automobile bodies. This is not one of them. It looks like something cobbled up in a suburban LA ranch house garage using a Fiberfab kit and incorporating kitschy kustom features of the period, particularly the awkward white-accented headlight housings, nerf bar bumpers, frameless windshield and little fins that bear no relationship at all to the ’40 Ford profile rear deck. It’s a profile that is best photographed from ground level to minimize its tall window sills. It is undeniably rare, mostly because no one ever wanted another like it, not even the first owner who had it converted into a coupe. It is going to be very difficult to reach a compromise between the owner’s expectations and collectors’ reception for its appearance, even with the choice Pegaso Z-102 chassis and driveline under it. Seven Hundred Large is more than enough.
1936 Packard 1407 Twelve Coupe Roadster
Lot # 177 1936 Packard 1407 Twelve Coupe Roadster; S/N 904479; Engine # 904479; Red/Tan leather; Tan cloth top; Estimate $250,000 – $300,000; Concours restoration, 1- condition; Hammered Sold at $310,000 plus commission of 10.00%; Final Price $341,000. – Dual enclosed sidemounts with mirrors, chrome wire wheels, wide whitewalls, dual remote spotlights, Trippe lights, trunk rack, rumble seat, golf bag doors – Concours restoration, AACA 1993 National First Prize, CCCA National First Prize # 1788. Excellent paint, chrome, interior and top. Underbody is as good as the topside. Top is a little soiled but that is the only knock. – A very pretty automobile with a superlative drivetrain and legendary Packard quality with a concours quality restoration that is ageing well, with little evidence of use or neglect. There’s little not to like about this Packard except the top that is soiled from being folded but not adequately covered. Some soap and water would fix it, a fact the bidders here recognized with their over-estimate price.
1967 Lancia Flaminia Super Sport Coupe, Body by Zagato
Lot # 178 1967 Lancia Flaminia Super Sport Coupe, Body by Zagato; S/N 826232002121; Newmarket Grey/Red leather; Estimate $220,000 – $280,000; Visually maintained, largely original, 3- condition; Hammered Sold at $175,000 plus commission of 10.00%; Final Price $192,500. – Blackwall tires, floor shift, woodrim steering wheel – One of just 187 built, at the height of both Lancia’s and Zagato’s creativity. Cosmetically restored in 2009 with decent paint and chrome, better upholstery. Underbody, chassis and the bottom of the engine compartment are untouched and grungy. – This Lancia Zagato’s cosmetic restoration is less than the car deserved. The price is more than the presentation warranted, but understandable for the exclusivity and performance of Lancia’s masterpiece and Zagato’s lightweight, efficient coachwork.
1937 Cord 812 Phaeton
Lot # 179 1937 Cord 812 Phaeton; S/N 8121933H; Burgundy/Beige leather; Beige cloth top; Estimate $175,000 – $200,000; Older restoration, 2- condition; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000. – Remote spotlight-mirror, wide whitewalls, radio, heater, outside exhaust headpipes – Good older restoration with good paint, interior, major chrome and top. Side window trim chrome is weak and underbody and chassis have been toured. An attractive and sound Cord, but nothing special. – Generously priced for the condition of its older restoration and the Phaeton body style, the new owner will have to put miles on it at this price to get full value for money.
1968 Ferrari 365 GT 2+2
Lot # 181 1968 Ferrari 365 GT 2+2; S/N 13795; Ice Blue/Black leather; Estimate $125,000 – $150,000; Visually maintained, largely original, 3- condition; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500. No Reserve – Cassette stereo, P/W, A/C, alloy wheels, Michelin MXV4 tires – Mostly original car with a failing, cracked old repaint. Rust blisters at windshield corners, scratched trim chrome, good bumpers. Good new interior. Underbody is original, old and dirty. – This is what Queen Mothers used to look like when they were $40,000 Ferraris. Undeniably handsome (if large) and eminently practical, there’s even room (if not built in restraints) in the back for rear-facing car seats for kids. This is an honest example with readily visible needs at a reasonable price in today’s strong market for Ferrari’s late 60’s GTs when this 2+2 is less than a quarter of a 330 or 365 GTC.
1954 Packard Caribbean Convertible
Lot # 184 1954 Packard Caribbean Convertible; S/N 54782145; Sahara Sand, Gulf Green/Pale Green, Green leather; Beige cloth top; Estimate $90,000 – $110,000; Recent restoration, 2+ condition; Hammered Sold at $95,000 plus commission of 10.00%; Final Price $104,500. No Reserve – Automatic, enclosed rear spare, chrome wire wheels, wide whitewalls, WonderBar radio, grille mounted fog lights, P/W, power seat – Restored to better than showroom condition by Hibernia with excellent paint, chrome, interior and top. An unusually good, attractive and sympathetically restored Caribbean in particularly attractive colors. – Offered at Mecum’s Indianapolis auction in 2011 with a high bid of $85,000, the year-and-a-half wait brought only another $10,000 on the hammer. Largely overlooked today, it’s unfortunate that these great limited production Packards bring little or no more than a similarly restored Power Pack ’57 Chevy Bel Air.
1967 Fiat Dino Spider
Lot # 190 1967 Fiat Dino Spider; S/N 0000488; Red/Beige vinyl; Beige cloth top; Estimate $60,000 – $90,000; Cosmetic restoration, 3+ condition; Hammered Sold at $90,000 plus commission of 10.00%; Final Price $99,000. No Reserve – FIAT multiband radio, 6-spoke alloy wheels, Prototipo leather rim steering wheel – 2-liter. Mediocre old repaint, good upholstery and chrome. Aged underhood. Underbody covered in old undercoat. – Much less well known or seen than the Ferrari-built mid-engined Dinos, this result is strong evidence that the FIAT Dino is being pulled along by the ballooning prices of Maranello Dinos. Why that is the case is less clear, since the Ferrari-built Dino is most renowned for its mid-engined handling, an attribute the front-engined FIAT Dinos don’t share. Cosmetically and erratically restored, it would not have been a good value at RM’s low estimate. At this price it is irrationally exuberant.

[Source: Rick Carey]

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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