RM Auctions Arizona 2013 – Auction Report

RM Auctions Arizona 2013 – Auction Report Page Two

1968 Chevrolet Corvette L88 Coupe
Lot # 126 1968 Chevrolet Corvette L88 Coupe; S/N 194378S419258; Rally Red/Black vinyl; Estimate $450,000 – $550,000; Recent restoration, 2 condition; Not sold at Hammer bid of $420,000. 427/430hp, 4-speed, Rally wheels with trim rings, tee tops, P/B, J56 brakes, 4.11 Positraction, smog equipment, heater, no radio. — Original engine, tank sticker documented, NCRS Top Flight, Bloomington Gold. Known history from new. Bought by a very generous (or relieved) dad as a college graduation present. Restored like new. Very good paint, chrome and interior. C3 L88s were everywhere in Scottsdale, it seemed: stock configured at RM and Gooding and the OC Fiberglass racecar at Barrett-Jackson. The perception of L88s varies widely, and this car should have been sold, or brought more. It’s that close, but even at the low estimate it’s a whopping great Corvette for the money.
1956 Mercedes-Benz 300SL Gullwing
Lot # 127 1956 Mercedes-Benz 300SL Gullwing; S/N 1980405500637; Red/Black leather; Estimate $800,000 – $900,000; Visually maintained, largely original, 3+ condition; Hammered Sold at $770,000 plus commission of 10.00%; Final Price $847,000. Becker Europa AM-FM, hinged Nardi woodrim steering wheel, dual Talbot mirrors, chrome rim, body color center wheels, Michelin blackwall tires, black fitted luggage. — Cosmetically dressed up but still not done. In 2004 this Gullwing sold for $211,325 [don’t you wish you were the high bidder?] At Mecum’s Monterey auction last August it changed hands at $715,500. It’s covered barely 400 miles since 2004, isn’t really restored and the seller should be turning cartwheels at realizing this price.
1965 Shelby Mustang GT350R
Lot # 131 1965 Shelby Mustang; S/N SFM5R531; White, Metallic Blue stripes/Black leatherette; Estimate $750,000 – $950,000; Competition restoration, 2+ condition; Not sold at Hammer bid of $730,000. 5-spoke alloy wheels, wood rim steering wheel, bucket seats, roll bar, 347 cubic inch replacement engine. — Very well restored to extremely good historic race car condition. Excellent paint. Never looked this good before, even on the day it left Venice. You’d think a bid this close to the low estimate would have presented RM with an irresistible opportunity to give back a little commission and make a deal. In any event this is one very good GT350R that would be a sound acquisition at the reported bid or anything close.
1939 Alfa Romeo 6C 2300B Corto Spider
Lot # 132 1939 Alfa Romeo 6C 2300B Corto Spider, Body by after Touring; S/N 813219; Maroon/Maroon leather; Estimate $500,000 – $700,000; Rebodied or re-created, 2- condition; Hammered Sold at $400,000 plus commission of 10.00%; Final Price $440,000. RHD. Rebodied from its original sedan coachwork in Italy in the 1980s. Dual carburetors added. — Rebodied in 2.9 style, an odd body shape with deeply cutdown doors and a high, bulky rear body with inset covered spare tire. Later gussied up with chrome fender trim and semi-open rear wheel skirts. Excellent paint, interior and chrome. Sold for $924,000 in RM’s auction of the Gene Ponder collection in 2007. This is an exceptionally statuesque Alfa that will be admired wherever it appears. Rebodies are not uncommon on Alfas of this era, but rarely are they as attractive as this one, or done as well. ‘6C2300’ however dooms it to ‘replica’ status forever and makes this price a gift to the seller.
1954 Ferrari 250 Europa Coupe
Lot # 133 1954 Ferrari 250 Europa Coupe, Body by Pinin Farina; S/N 0343EU; Metallic Green/Brown leather; Estimate $800,000 – $1,000,000; Older restoration, 2- condition; Hammered Sold at $925,000 plus commission of 10.00%; Final Price $1,017,500. Chrome spoke Borrani wire wheels, Marchal head and driving lights, tool roll. — Restored in 2004 with FCA Platinum award and third in class at Pebble Beach to show for it. Beautiful color and very good paint and bodywork. Rich, inviting upholstery. Engine and chassis are nearly like new except for some preserved original items and a little corrosion on trim pieces. This is fairly breathtaking price until the Europa’s eligibility for events like the Mille Miglia is taken into account.
965 Ford GT40
Lot # 134 1965 Ford GT40; S/N GT40P/1034; Pine Green, White stripes/Black leather; Estimate $2,400,000 – $3,000,000; Competition restoration, 3+ condition; Not sold at Hammer bid of $2,150,000. Four Weber carbs. — Road spec GT40 converted in the early 70’s for vintage racing and raced pretty regularly since. Orderly but obviously used. The owner of this very nice GT40 probably hoped the GT40 lightning that struck at RM Monterey would strike again. That doesn’t happen very often, and it didn’t happen here.
1956 Lancia Aurelia America Spider
Lot # 135 1956 Lancia Aurelia America Spider, Body by Pinin Farina; S/N B24S1131; Black/Red leather; Black cloth top; Estimate $800,000 – $1,000,000; Older restoration, 3+ condition; Hammered Sold at $750,000 plus commission of 10.00%; Final Price $825,000. Chrome wire wheels, Blaupunkt multiband radio, Nardi dual carb intake, Nardi wood rim steering wheel. — A good older restoration with sound and presentable paint, chrome and interior. Underbody shows use. The most desirable and rare of all the Fifties Lancia road cars, and exceptionally attractive with its shapely body and wraparound windshield, this car brought $550,000 at RM’s Monterey auction in 2007 and a price appropriate to its older restored condition today.

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  1. Rick , thank you another great article , one thing , Lot 112 the Ferrari 365 GT 2+2
    the correct nick name for these cars is Queen Mary as in the Ship ,( due to its size when new ) NOT Queen Mother , a very common mistake , makes sence if you think about it

    1. Mmmm, I don’t agree. I’ve never heard anyone refer to a 356 GT 2+2 as a Queen Mary, not even Bard Wolfe, who was for years the Prince Consort of the Queen Mothers, i.e., he was the master at making them look great.
      Across the pond in the UK (from which we Americans are, after all, separated by a common language) that may be the case, but not here in the U.S.

  2. Hi rick,

    I really enjoyed reading this article. It’s very complimentary and extremely well written. A strange request but is there anyway I can get a paper version of this article? Kind regards

  3. So Rick , what you are saying is we Europeans nicknamed the 365 gt 2+2 the ” Queen Mary ” after the largest most powerful moving object in the world and you Americans named it after a little old lady who happen to be the Queens Mother ?

    1. We colonials have always been prone to speaking our minds, haven’t we.
      But revenge will be yours eventually — when the Duchess of Cambridge becomes “Queen Mother.” Maybe then we’ll have to change our minds on the 365 GT 2+2’s nickname, cuz it sure isn’t as svelte as Kate.

  4. Mr. Carey, how many Lamborghini 350 GT’s have you restored? Have you ever driven one? Have you ever restored a car?

    1. Roscoe,
      These are open-ended and non-specific rhetorical questions.
      If you are taking a position or have an observation to make about the report on the 350 GT, please state it.