Auctions America, Ft. Lauderdale, Florida, March 27-29, 2015
Report by Rick Carey | Photos by Andrew Newton
Astute readers of SportsCarDigest.com auction reports will notice something missing in the above description: “by RM”.
Auctions America’s Donnie Gould insists the omission – following Sotheby’s acquisition of 25% of catalog collector car auction house RM Auctions – means nothing for Auctions America’s operations. More significant are the results from this year’s Ft. Lauderdale Auction.
It was Auctions America’s best ever in Florida and the second year in a row with sales of more than $20 million.
The auction highlighted several collections, notably the Cayman Motor Museum collection. Located in West Bay, Grand Cayman, BWI, the museum is, according to its website, renovating and brought a portion of its collection to Ft. Lauderdale for de-accessioning.
The Cayman Motor Museum offering included two striking contrasts in the effects of auctions. Lot 454, an early L-series 1970 Ferrari 246 GT Dino s/n 00616, fell flat for an early 246GT Dino, selling for just $210,000 hammer, $231,000 with commission. It may have seemed that Dino collectors’ appetites had been satiated by the six Dinos (equally divided between GTs and GTSs) offered two weeks before in Amelia Island, the very least of which, a badly repainted bolt-on wheel E-series 246 GT s/n 02972, sold for $270,000, $297,000 with commission.
The Ferrari market quavered.
Two lots later Auctions America offered from the same collection a museum quality (i.e., displayed but not used since acquisition in 1990) 1959 Ferrari 250 GT Pinin Farina Coupe s/n 1195GT. When all was said and done it went away for an astounding $650,000 hammer, $715,000 with commission, a record price for a Pf Coupe in any condition, and this one wasn’t very good.
The Ferrari market heaved a great sigh of relief.
The contrast between the two is stark, but hints at good old supply and demand. In the past two years just five Pf Coupes have come across auction blocks, only two of them in the U.S. In the same time period there have been 45 Dinos offered at U.S. auctions alone, 19 of them fixed roof GTs. Even at a conservative average of, say, $300,000 each that’s $13.5 million just in Dinos, enough to quench the thirst, and dry out the bank accounts, of many prospective owners.
Among the rest of the cars offered by Auctions America in Ft. Lauderdale the vast majority brought reasonable – at least in terms of recent transactions – values and a goodly number represented good value for money. Ninety-nine of them are described in the following pages.
Here are the numbers:
Andrew Newton diligently made the on-site observations; the editor remains responsible for notes and comments.
Auctions America Fort Lauderdale 2015 – Auction Report