The Auctions America Southern California 2016 sale was held June 25-26 at the Barker Hangar in Santa Monica, resulting in $14,194,760 in total sales and a 64 percent sell-through rate. The two-day auction lifted the gavel on 281 collector vehicles and select memorabilia. Bidders hailed from 16 countries around the world as well as 39 states across the U.S.
“We’re very pleased with both the results achieved and the strong attendance enjoyed at our Santa Monica sale on the weekend. The fact that bidder registrations increased almost 30 percent on last year, and 50 percent of bidders represented first-time clients to Auctions America, speaks to both the quality and diversity of this year’s offering, as well as our team’s extensive marketing efforts,” said Ian Kelleher, Managing Director, Auctions America’s West Coast Division.
Top sales honors of the 2016 Auctions America California sale went to the event’s catalog cover car, a 1995 Ferrari F50, which crossed the auction stage during Saturday’s sale session. The Rossa Corsa F50 — one of 55 U.S.-specification examples built — achieved $1,952,500 to claim not only the top sale of the weekend, but rank as the most valuable car sold in Auctions America’s history. Another modern supercar attracting strong interest during Saturday’s sale session was the highly original 1989 Porsche 959 ‘Komfort’; just two owners and 7,500 km from new, it passed on to its third owner for $1,250,000.
Sunday’s sale session was headlined by the presentation of select vehicles from Southern California’s Riverside International Automotive Museum (RIAM). Founded by enthusiasts Ray and Doug Magnon in 2006, the museum was dedicated to preserving and displaying California’s rich motor sports heritage, as well as home to one of the largest and most comprehensive collections of Maserati road cars in the United States. Following Doug Magnon’s passing last year, some 34 vehicles from the collection were offered ‘without reserve’ at the Santa Monica sale.
The collection spurred a number of battles between collectors in the room and those on the phones, with strong results posted across all categories, including for the select project cars. The group was led by the 1994 Jaguar XJ 220, which garnered an above-estimate $357,500, while the limited-edition 2008 Alfa Romeo 8C Competizione, showing 3,300 miles, also exceeded expectations at $319,000. Among other notable sales, the well-optioned 2006 Ford GT, finished in metallic grey and 1,900 miles from new, garnered $305,250, while the 1967 Maserati Mistral 4000 Coupe, one of 14 Maseratis presented from the collection, achieved $181,500 against a pre-sale estimate of $110,000 – $140,000.
Auctions America Southern California 2016 – Top Five Auction Results
1. 1995 Ferrari F50 – $1,952,500
2. 1988 Porsche 959 ‘Komfort’ – $1,250,000
3. 1972 Ferrari 365 GTB/4 Daytona – $600,000
4. 1940 Packard Royal Streamliner Roadster – $412,500
5. 2005 Ferrari 575M Superamerica – $385,000
For complete results, visit AuctionsAmerica.com.
Auctions America continues its summer calendar of events with its annual Auburn Fall Collector Car Weekend, August 31 – September 4 at the Auburn Auction Park in Indiana. A Labor Day tradition spanning over 45 years, the multi-day event will lift the gavel on some 900 collector cars and assorted automobilia. For further information or to discuss consignment opportunities, visit AuctionsAmerica.com or call 877.906.2437 (or +1 260.927.9797 outside North America).
[Source: Auctions America]