RM Sotheby’s Hershey 2015 – Auction Report

RM Sotheby’s Hershey 2015 – Auction Report Page Five

1958 Cadillac Eldorado Biarritz Convertible
Lot # 247 1958 Cadillac Eldorado Biarritz Convertible; S/N 58E023213; Rajah Silver Metallic/Black, White leather; White vinyl top; Estimate $200,000 – $275,000; Older restoration, 1- condition; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000. No Reserve. Chrome Sabre wheels, whitewalls, air conditioning, parade boot cover, power windows, power bench seat, WonderBar radio, Autronic Eye, tinted glass. – Excellent paint and chrome, very good upholstery, crisp, sharp gauges and dashboard. Underbody shows a little age but is still nearly like new. Comes with $300,000 in restoration receipts. – Every panel fits better than when they left Cadillac, every gauge and knob looks like new, the paint and chrome are immaculate and, needless to say, the work couldn’t be duplicated today for twice its cost here. It is a solid and sound value at the price it brought.
1958 Nash Metropolitan 1500 Coupe
Lot # 248 1958 Nash Metropolitan 1500 Coupe; S/N E41104; Engine # 15F-N-H-37136; Berkshire Green, Frost White/White vinyl, Blue houndstooth cloth; Estimate $25,000 – $30,000; Recent restoration, 2+ condition; Hammered Sold at $35,000 plus commission of 10.00%; Final Price $38,500. No Reserve. Radio, skirts, open rear spare, hubcaps, wide whitewalls. – Excellent paint, chrome and interior. Engine compartment in like new. A beautiful example. – Sold at Gooding and Company’s Amelia auction in 2013 for $35,200 and now showing 146 more miles on its odometer but no significant change in its presentation, a choice example in impeccable condition.
1965 Volkswagen Type 2 21-Window Deluxe Microbus
Lot # 250 1965 Volkswagen Type 2 21-Window Deluxe Microbus; S/N 245030699; Engine # B6219435; Sealing Wax Red, Silver-Beige/White, Grey leatherette; Estimate $80,000 – $100,000; Modified restoration, 2 condition; Hammered Sold at $92,500 plus commission of 10.00%; Final Price $101,750. No Reserve. 1950/100hp, clock, folding sunroof, rear facing middle seat, sliding side windows, opening vee windshield, hubcaps, whitewalls, bumper overriders. – Larger engine and ‘Freeway Flier’ 4-speed. Very good paint, chrome, interior and sunroof. Good engine compartment and freshly undercoated underneath. Good dash and gauges. Clear glass. – Sold by Gooding at Amelia in 2013 for $99,000, this Microbus still is in pristine restored condition. The bigger engine and later transmission have little effect on value, but have a major impact on drivability, although the Microbus is so pretty it’s unlikely to see much driving other than on and off show fields. Six figures is a lot for what was originally an ‘economy’ vehicle, but the appeal is universal and this is what a prime example costs.
1956 Plymouth Belvedere Convertible
Lot # 251 1956 Plymouth Belvedere Convertible; S/N 15970732; Turquoise, Midnight Blue/Blue, Light Blue vinyl; Dark Blue vinyl top; Estimate $70,000 – $90,000; Older restoration, 2- condition; Hammered Sold at $62,500 plus commission of 10.00%; Final Price $68,750. No Reserve. Pushbutton automatic, pushbutton radio, Highway Hi-Fi (with one record), chrome wire wheels, whitewalls, power brakes. – A dealer demonstrator, then kept by the first private owner until 2006 before being restored by the second owner. Very good paint, chrome and interior. Orderly but showing age underhood. Chassis and underbody were restored like new and still look very good. Doors, hood and trunk fit flush with even gaps. – Sold by RM at St. John’s in 2013 for $90,750 in nearly freshly restored condition but now in need of detailing which disappointed the bidders here in Hershey. Given some cosmetic attention it can be returned close to restored condition and might make the buyer here a good return on investment.
1959 Cadillac Eldorado Biarritz Convertible
Lot # 252 1959 Cadillac Eldorado Biarritz Convertible; S/N 59E096470; Persian Sand Metallic/White leather; White vinyl top; Estimate $175,000 – $225,000; Older restoration, 2- condition; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000. No Reserve. A/C, cruise control, WonderBar radio, power seat, wheel covers, whitewalls, parade boot, Autronic Eye. – Very good older paint and chrome. Lightly surface creased upholstery. Restored like new a while ago and used a little. Scratched parade boot, edge chip on both doors. Overhauled and working air suspension – Sold by RM at Amelia Island in 2004 for $115,500, which was an appropriate price at the time, just as this is an appropriate price today.
1914 Packard 1-38 Six 5-Passenger Touring
Lot # 254 1914 Packard 1-38 Six 5-Passenger Touring; S/N; Engine # 39441; Black, Light Olive panels, Black fenders/Black leather; Black leatherette top; Estimate $400,000 – $500,000; Recent restoration, 1 condition; Hammered Sold at $375,000 plus commission of 10.00%; Final Price $412,500. No Reserve. Jones speedometer and clock, Light Grey wood spoke wheels, 37×5 blackwall rear tires, 36×4 1/2 front, steering column mounted Bosch ignition box, folded trumpet bulb horn, spotlight, dual left side spares, turn signals, Klaxon electric horn. – Excellent paint interior and nickel brightwork. Underbody, engine and chassis are spotless. Owned for a while by Richard C. Paine, then restored for Matt and Barbara Browning, completed in 2000 and sold to Charles Nearburg Class second at Pebble Beach in 2010 and toured since then, which is not evident in its presentation. – Sold from the Browning collection by Christie’s at Pebble Beach in 2000 for a bargain $171,000 but returned to a realistic level when Gooding and Company sold it also at Pebble Beach in 2013 for $467,500. It is an epic automobile in its history and in its dimensions and went to a new home here at a realistic price.
1914 Peugeot Bébé 2-seater
Lot # 255 1914 Peugeot Bébé 2-seater; S/N 11290; Grey, Dark Grey fenders/Black leather; Black cloth top; Estimate $55,000 – $75,000; Concours restoration, 1 condition; Hammered Sold at $67,500 plus commission of 10.00%; Final Price $74,250. No Reserve. RHD. 20th Century acetylene headlights and generator, Neverout kerosene sidelights and taillight, four-trumpet bulb horn, Dark Grey wire wheels, Firestone tires, folding windshield. – Restored for Dr. Peter and Susan Williamson in the 70’s, then re-restored for the current owner in 2009. Concours restored and no evidence of use or age. Displayed at Pebble Beach in 2009. – Sold right after the 60hp Packard 1-38, this was like following a Ferrari TR with an Isetta, except it is hard to find an Isetta in the condition of this little Bébé. It was sold in 2008 by Gooding at Pebble Beach from the Williamsons collection for $44,000 and surely has had that much and more spent on its subsequent restoration.
1897 Léon Bollée Voiturette Tricar
Lot # 256 1897 Léon Bollée Voiturette Tricar; S/N 891; Dark. Blue/Black leather; Estimate $70,000 – $90,000; Older restoration, 1- condition; Hammered Sold at $115,000 plus commission of 10.00%; Final Price $126,500. No Reserve. Chrome spoke wire wheels, white tires. – Excellent paint, nickel and upholstery. An older show quality restoration that appears never to have been driven any distance. – Offered freshly restored at The Auction in Las Vegas in 1992 for private treaty sale, and still nearly as good as it was. It’s surprising it has never been to Britain for the Brighton Run, its best and highest use, and almost certainly where it is headed with its buyer here. The price it brought reflects the premium serious collectors are willing to pay for Brighton Run eligibility, particularly the early start time which this Leon Bollee’s dating qualifies. It is expensive, but that’s what it takes.
1957 Fiat 600 Multipla
Lot # 257 1957 Fiat 600 Multipla; S/N 100108043042; Engine # 2073640; Teal Green, Light Green/Green vinyl; Estimate $40,000 – $50,000; Older restoration, 3+ condition; Hammered Sold at $45,000 plus commission of 10.00%; Final Price $49,500. No Reserve. Hubcaps, narrow whitewalls, bumper overriders. – Good paint and chrome. Clean undercarriage with old undercoat. Decent brightwork. Excellent interior. Paint cracking badly around door hinges. Not perfect and showing signs of use, but a very pretty, solid example. – There is an auction story here. This Multipla was sold as a pair with a Jolly painted in the same color scheme by RM at Monterey last year (2014) for the astounding total of $231,000 against an estimate (for the pair) of $125-175,000. The result then was jaw-dropping, but now means that after selling the Multipla, somewhere out there in car collector land there is a Fiat 600 Jolly that cost $186,000.