Motostalgia Auctions, Amelia Island, Florida, March 12, 2016
Motostalgia joined the burgeoning Amelia Island week auction schedule in 2016 with a 71-car sale.
The auction was held Saturday evening. The timing conflicted with the Amelia Island Concours d’Elegance banquet. Several rows of tables fronting the block were reserved for registered bidders. Speakers and banners obscured the cars, which were dimly lighted with distracting moving and multi-colored spotlighting.
Not all the cars were cataloged. Others featured in the catalog didn’t show up and were replaced by uncataloged late entries. Six unannounced lots were added at the end of the sale.
Auctioneer Brent Earlywine and ‘Color Man’ Phil Skinner along with the ring-staff did their best, but it was a challenge.
The real challenge, however, came with four lots not present at the auction and offered sight-unseen while physically in Mexico. Two were less of a challenge, a Copilco edition VW Beetle, one of the last 200 Beetles built by VW in Mexico, and a nearly new Latin American diesel version Land Rover Defender, both relatively small potatoes and both sold on the block, the VW for $25,000 hammer and the Defender for a highly impressive $90,000 hammer for a car that will have to wait ‘til it’s old enough to sign a rentacar contract before it can cross the U.S. border.
The other two? A pair of 2011 Ferraris, specifically a 599 GTO and 599 SA Aperta. Both were described as essentially new with 80 and 180 miles respectively, but both were Latin American versions (identified by an ‘L’ in the eighth position of their VINs) without U.S. required equipment. The block announcer recited statements about the possibility of a ‘Show and Display’ exemption, but since both models have U.S. market versions that is not going to happen. Neither lot was sold on the block where bidding stopped at $600,000 and $875,000 respectively.
Both were later reported sold on Motostalgia’s website for $770,000 and $1,250,000 all-in, which is remarkably generous. RM sold a U.S. spec 599 GTO with 7,200km earlier the same day for $687,500, and a 1,500 mile 6-speed in Arizona for $770,000. Similarly, RM sold a 1,200 mile 599 SA in Arizona in January for $1,182,000.
Two other lots were sold post-block, bringing the total for four post-block sales to $2,326,000, 48.9% of the $4,754,800 total changing hands at Motostalgia’s 2016 Amelia Island auction.
Amelia is a high profile venue. RM|Sotheby’s and Gooding & Company are well-established with high profile, slickly produced auctions of high quality cars. Bonhams has recently established itself with its own style of presentation and similar quality consignments. And there’s a consignment-style auction from Mike Flynn’s Hollywood Wheels down the road at the Omni Convention Center.
Motostalgia’s first effort at joining the excitement was commendable, but needs to up its game in presentation and consignment quality by an order of magnitude if it is going to compete here.
[$2,428,800 on block]
Andrew Newton contributed the on-site observations at this auction; final descriptions and comments are the responsibility of the editor.
Motostalgia Amelia Island 2016 – Auction Report