The Bonhams Preserving the Automobile auction was held Monday, October 7th, 2013 at the Simeone Automotive Museum in Philadelphia, resulting in more than $3.1 million in total sales and an 82% sell-through rate.
Bonhams’ forward-thinking auction focusing on original condition automobiles saw a full house at the Simeone Automotive Museum joined by international bidders on the telephones. Highlights included the 1934 Aston Martin 1.5-Liter Sports 2/4 Seater, formerly owned by comedian Bill Cosby, that realized $264,000 after spirited bidding in the crowd and on the phones. The ex-Doris Duke 1910 Peerless Model 29 Park Phaeton Victoria by Brewster brought $231,000, while a rare early American car, the 1911 Stoddard Dayton Model 11A 5-Passenger Touring achieved $148,500 when it sold to a private American collector.
Property from the collection of Alec Ulmann, founder of Sebring International Raceway, was 100% sold and at double the original estimate, while property from a private European museum and property from a separate important European collection were both 100% sold.
Overall, Bonhams’ auction at the Simeone Museum was up 10% from last year and the sell-through rate of the automobilia was one of the highest to date at 95%, while the sell-through rate of the automobiles was 80%.
“The immense interest shown in this sale proves the worldwide support for the movement of preserving cars,” said Rupert Banner, Head of Business Development East Coast for the Bonhams Motoring Department. “We are very pleased to be at the forefront of this emphasis on stewardship and history and we’re delighted with the response from motorcar collectors everywhere.”
Mark Osborne, Head of Motoring Department US, commented, “2013 has been an outstanding year for Bonhams, witnessing increased growth at every one of its US motoring auctions resulting in the highest year-to-date sales yet for the department. Our department continues to prove its excellence at the top of the business. This sale underscores the strength of the market and the continued interest in cars of importance.”
Bonhams Simeone Museum 2013 – Top Ten Auction Results
1. 1934 Aston Martin 1.5-Liter 2/4 Seater – $264,000
2. 1910 Peerless Model 29 Park Phaeton/Victoria – $231,000
3. 1966 Aston Martin DB6 Vantage Saloon – $198,000
4. 1911 Stoddard Dayton Model 11A Five Passenger Touring – $148,500
5. 1904 Knox 16/18hp “Touraine” 4-Passenger Stanhope – $143,000
6. 1910 Packard Model 18 4-Passenger Touring Car – $129,800
7. 1964 Ferrari 330 GT 2+2 – $125,400
8. 1986 Aston Martin V8 Volante – $110,000
9. 1954 Jaguar XK120 SE Roadster – $104,500
10. 1934 Packard 1101 Eight 7 Passenger Touring – $90,200
For complete auction results, visit bonhams.com/simeone.
The next Bonhams collector car sale in the United States will be the 2014 Scottsdale Auction, scheduled to be held in January at the Westin Kierland Resort & Spa in Scottsdale, Arizona. For more details on participating as a consignor or bidder, visit bonhams.com/scottsdale.