Bonhams held its 2011 Quail Lodge auction on August 18-19 at the Quail Lodge in Carmel, California, resulting in $11 million in total sales and a 50% sell-through rate.
Held in connection with The Quail, A Motorsport Gathering, the 14th annual Bonhams Quail Lodge sale featured approximately 130 cars and motorcycles. Top sales went to the 1957 BMW 507 Roadster that sold for $1,002,500, followed by the 1966 Porsche 906 Coupe at $898,000 and the Guggenheim Museum-owned 1979 BMW M1 Pro Car ordered new by racer Peter Gregg and painted by famed artist Frank Stella that exceeded estimates to achieve $852,000.
Other Bonhams Quail Lodge Auction 2011 results included the price of $810,000 for the 1986 Porsche 962 IMSA GTP, winner of the 1987 and 1988 12 Hours of Sebring, a trio of Maseratis, a 1962 500 GT Allemano Coupe, a 1961 3500 GT Spyder and 1963 3500 GTi Superleggera Coupe that made a combined $1.1 million. The 1927 Lancia Lambda 7th Series Short Wheelbase Roadster, in barn-find condition, exceeded expectations and achieved $200,800, while a 1928 Coventry-Eagle 980cc Flying-8 OHV motorcycle sold for a record $263,500.
Additionally, several other sales brought strong prices for cars such as the 1920 Rolls-Royce Silver Ghost Gentleman’s Roadster, which made $435,000, the 1937 Duesenberg Model J Limousine custom-made for Father Divine that sold for $400,000, and the prototype Lincoln Continental Limousine adapted for Pope Paul VI and the Chicago parade vehicle for the Apollo astronauts that went for $220,000.
Bonhams Quail Lodge Auction 2011 – Top Ten Results
1. 1957 BMW 507 Roadster – $1,002,500
2. 1966 Porsche Type 906 Carrera Competition Coupe – $898,000
3. 1979 BMW M1 Frank Stella Procar – $854,000
4. 1986 Porsche 962 IMSA GTP – $810,000
5. 1925 Bentley 3-liter Supersports Brooklands – $601,000
6. 1962 Maserati 5000GT Allemano Coupe – $557,000
7. 1937 Duesenberg Model J ‘Throne Car’ Limousine Landaulet – $447,000
8. 1920 Rolls-Royce 40/50hp Silver Ghost Gentleman’s Roadster – $435,000
9. 1961 Maserati 3500GT Vignale Spyder – $359,000
10. 1929 Stutz Series M Four-Passenger Dual-Cowl Speedster – $293,000
“Our international team assembled a world-class and varied array of machinery to present to the market,” said Mark Osborne, Head of Bonhams US Motoring Department. “We are proud of our pioneering spirit and offering a select group of motorcycles demonstrates that we are not adverse to trying new initiatives and gauging market reaction. I was pleased to witness what was in fact world-record bidding on the star motorcycle – the AJS Porcupine – although, sadly, that amount fell just shy of reserve. However, negotiations continue and we’re hopeful of concluding a sale.”
For complete results from the Quail Lodge sale, visit bonhams.com/quail.