RM Auctions Amelia Island 2014 – Auction Report

RM Auctions, Ritz Carlton, Amelia Island, Florida, March 8, 2014

Highlighted by the disposition of Greenwich, Connecticut’s Malcolm S. Pray, Jr. collection, RM Auctions hit a home run at Amelia Island this year, recording a record total sale for the sixteen years they’re been at Amelia Island of $35.9 million, just over a third better than the previous best set last year.

The top sale, not surprisingly, was the Pray family’s 1937 Delahaye 135 with Figoni & Falaschi Torpedo Roadster coachwork at $6 million hammer, $6.6 million with commission. Runner up was another Pray family car, the BMW 507 that Malcolm had bought from its original owner in 1974. It brought $2.2 million hammer, $2,420,000 with commission.

Three more cars sold on hammer bids of $1 million or more including the Pray family’s Ferrari 250 GT Pininfarina Cabriolet Series II at $1.6 million hammer, $1,760,000 with commission.

RM fared very well with pre-war cars, selling 32 of 34 offered, 94.1% (not counting four pre-WWI Indian motorcycles which all sold as well.) There was no shortage of affordable cars, either. 24 sold for under $100,000 hammer, and six were under $50,000 hammer.

RM Auctions Amelia Island
Cars Offered / Sold
Sale %
Sold < Low Est
Sold > High Est
Average Sale
Total Sales
2014
91 / 88
96.7%
33.0%
19.3%
$408,494
$35,947,500
2013
88 / 81
92.1%
43.8%
16.3%
$331,538
$26,854,600
2012
116 / 102
87.9%
54.5%
12.9%
$226,490
$23,102,000
2011
103 / 99
96.1%
34.3%
16.2%
$245,493
$24,303,850
2010
114 / 98
86.0%
46.9%
17.4%
$195,383
$19,147,550

[Catalog photos courtesy of RM Auctions, © 2013, 2014 Darin Schnabel, Corey Silvia, Mark Staff and Patrick Emzen]

RM Auctions Amelia Island 2014 – Auction Report

1974 Iso Grifo 7-Liter

Lot # 111 1974 Iso Grifo 7-Liter; S/N 250223; Ruby Red/Beige leather; Estimate $185,000 – $250,000; Not evaluated; Hammered Sold at $400,000 plus commission of 10.00%; Final Price $440,000 – 427/400hp, Richmond 6-speed, electronic ignition, remote CD stereo, aftermarket A/C. – The last car on the Iso assembly line, completed by Ennezeta after Iso shut down – Sold by RM here in 2003 for $83,600 and bought today for a genuinely extravagant price, materially beyond any other Iso and with no allowance for the upgrades. And yet … with an Iso do upgrades really matter? Isos are not yet objects of veneration, although at prices like this they soon may be.

Lot # 112 1972 Ferrari 365 GTC/4; S/N 15859; Blue Ribot/Beige leather; Estimate $225,000 - $275,000; Cosmetic restoration, 2 condition; Hammered Sold at $305,000 plus commission of 10.00%; Final Price $335,500. No Reserve – Cromodora centerlock alloy wheels, Becker Europa AM-FM, A/C, – Very good new paint and new interior. Engine is clean and carefully detailed. Very good new interior. A good C/4 serviced and detailed to showroom condition. Platinum at Cavallino this year. – Sold by Auctions America in Burbank, California last August for $134,750 with much subsequent work to cosmetics and mechanicals. The consignor was well compensated for the time, effort and money spent to create one of the best C/4s in the world, helped by an exterior color that complements Pininfarina's design, at a price that is the best in history for a C/4. best by $60,000 from the price RM got for s/n 14455 at Monterey last August, a result that recalls Christie's price of $260,972 for s/n 14815 at Monaco a lifetime ago (or so it seems) in 1989.

Lot # 112 1972 Ferrari 365 GTC/4; S/N 15859; Blue Ribot/Beige leather; Estimate $225,000 – $275,000; Cosmetic restoration, 2 condition; Hammered Sold at $305,000 plus commission of 10.00%; Final Price $335,500. No Reserve – Cromodora centerlock alloy wheels, Becker Europa AM-FM, A/C, – Very good new paint and new interior. Engine is clean and carefully detailed. Very good new interior. A good C/4 serviced and detailed to showroom condition. Platinum at Cavallino this year. – Sold by Auctions America in Burbank, California last August for $134,750 with much subsequent work to cosmetics and mechanicals. The consignor was well compensated for the time, effort and money spent to create one of the best C/4s in the world, helped by an exterior color that complements Pininfarina’s design, at a price that is the best in history for a C/4. best by $60,000 from the price RM got for s/n 14455 at Monterey last August, a result that recalls Christie’s price of $260,972 for s/n 14815 at Monaco a lifetime ago (or so it seems) in 1989.

Lot # 122 1957 Mercedes-Benz 300SL Roadster; S/N 1980427500569; Engine # 1989807500545; Silver-Blue/Red leather; Dark Blue cloth top; Estimate $1,400,000 - $1,750,000; Older restoration, 2+ condition; Hammered Sold at $1,675,000 plus commission of 10.00%; Final Price $1,842,500 – Euro headlights, Rudge wheels, Dunlop blackwall tires, Becker radio, books, tools, Rudge spare wheel and tire. – First owned by 19-year old actress Natalie Wood, who had it painted pink from the original Silver. Restored in the present intriguing shade in 2000. Class winner at Amelia Island in 2012. In impeccable condition showing slight evidence of use but meticulously maintained with excellent paint, chrome, interior and gauges. – The celebrity provenance is a slight bonus in the value of this gorgeous 300SL, which brought a realistic price amongst the exaggerated valuations placed on similar cars these days.

Lot # 122 1957 Mercedes-Benz 300SL Roadster; S/N 1980427500569; Engine # 1989807500545; Silver-Blue/Red leather; Dark Blue cloth top; Estimate $1,400,000 – $1,750,000; Older restoration, 2+ condition; Hammered Sold at $1,675,000 plus commission of 10.00%; Final Price $1,842,500 – Euro headlights, Rudge wheels, Dunlop blackwall tires, Becker radio, books, tools, Rudge spare wheel and tire. – First owned by 19-year old actress Natalie Wood, who had it painted pink from the original Silver. Restored in the present intriguing shade in 2000. Class winner at Amelia Island in 2012. In impeccable condition showing slight evidence of use but meticulously maintained with excellent paint, chrome, interior and gauges. – The celebrity provenance is a slight bonus in the value of this gorgeous 300SL, which brought a realistic price amongst the exaggerated valuations placed on similar cars these days.

Lot # 125 1953 Oldsmobile Ninety-Eight Fiesta Convertible; S/N 539M26760; Cadet Blue, Acacia Blue/Cadet Blue, Acacia Blue; Blue cloth top; Estimate $120,000 - $160,000; Not evaluated; Hammered Sold at $165,000 plus commission of 10.00%; Final Price $181,500 – – -- Sold here in 2003 for $104,500, then here again in 2009 for $143,000 with the odometer showing the same 80,169 miles it does today. Far from the best Fiesta on the planet but attractively presented and an equally attractively rare example of the '53 GM Motorama cars.

Lot # 125 1953 Oldsmobile Ninety-Eight Fiesta Convertible; S/N 539M26760; Cadet Blue, Acacia Blue/Cadet Blue, Acacia Blue; Blue cloth top; Estimate $120,000 – $160,000; Not evaluated; Hammered Sold at $165,000 plus commission of 10.00%; Final Price $181,500 – – — Sold here in 2003 for $104,500, then here again in 2009 for $143,000 with the odometer showing the same 80,169 miles it does today. Far from the best Fiesta on the planet but attractively presented and an equally attractively rare example of the ’53 GM Motorama cars.

Lot # 126 1972 Chevrolet Corvette LT1 Convertible; S/N 1Z67L2S520959; Mille Miglia Red, Black vinyl hardtop/Black vinyl; Estimate $110,000 - $120,000; Not evaluated; Hammered Sold at $117,500 plus commission of 10.00%; Final Price $129,250. No Reserve – 350/255hp, 4-speed, hardtop, rear window defroster, A/C, P/S, P/B, AM-FM, tilt/telescope steering column, Rally wheels with trim rings. – NCRS Top Flight in 2012. – This Corvette with the unusual combination of solid lifter LT1 engine, A/C, P/W and P/B has been on the market for some time starting at least back in May 2012 when it no-saled at Mecum Indy for $85,000, then at Kissimmee in 2013 with a reported high bid of $85,000. The wait proved to be worthwhile with this result.

Lot # 126 1972 Chevrolet Corvette LT1 Convertible; S/N 1Z67L2S520959; Mille Miglia Red, Black vinyl hardtop/Black vinyl; Estimate $110,000 – $120,000; Not evaluated; Hammered Sold at $117,500 plus commission of 10.00%; Final Price $129,250. No Reserve – 350/255hp, 4-speed, hardtop, rear window defroster, A/C, P/S, P/B, AM-FM, tilt/telescope steering column, Rally wheels with trim rings. – NCRS Top Flight in 2012. – This Corvette with the unusual combination of solid lifter LT1 engine, A/C, P/W and P/B has been on the market for some time starting at least back in May 2012 when it no-saled at Mecum Indy for $85,000, then at Kissimmee in 2013 with a reported high bid of $85,000. The wait proved to be worthwhile with this result.

Lot # 127 1974 Ferrari 246 GTS Dino; S/N 08286; Silver/Red leather, Black stripes; Estimate $340,000 - $400,000; Older restoration, 3+ condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000. No Reserve – A/C, P/W, Daytona seats, Becker Mexico cassette, headrest seats, Cromodora alloy wheels, Michelin blackwall tires. – Good paint, lightly worn interior. Good window channels and window seals. Orderly engine showing a little use. An appealing driver. – While in general is is hard to comprehend recent Dino values this result is representative of them.

Lot # 127 1974 Ferrari 246 GTS Dino; S/N 08286; Silver/Red leather, Black stripes; Estimate $340,000 – $400,000; Older restoration, 3+ condition; Hammered Sold at $390,000 plus commission of 10.00%; Final Price $429,000. No Reserve – A/C, P/W, Daytona seats, Becker Mexico cassette, headrest seats, Cromodora alloy wheels, Michelin blackwall tires. – Good paint, lightly worn interior. Good window channels and window seals. Orderly engine showing a little use. An appealing driver. – While in general is is hard to comprehend recent Dino values this result is representative of them.

Lot # 130 1930 BNC Type 527 Voiturette; S/N 27119; Blue/Red; Estimate $170,000 - $220,000; Competition car, original as-raced, 4+ condition; Hammered Sold at $165,000 plus commission of 10.00%; Final Price $181,500 – RHD. 139/60hp Ford V8-60 flathead, 3-speed, silver painted wire wheels, driving lights, cycle fenders, hydraulic brakes. – Raced in the early postwar years by George Caswell, who did the engine swap, and his friend Otto Linton, competed in the first Watkins Glen road races in 1948, finishing 8th overall, 4th in class. Stored since the early 70's in home built as-raced condition and still that way with scratched, dinged, peeling paint, scruffy upholstery and grimy engine and chassis, a marvelous old crock begging to be brought back to decent running, driving condition. – People kept opening the hood of this BNC to marvel at Henry's little flathead powerplant tucked inside. Finding any car that competed at Watkins Glen in 1948 is an event, but to find one that so proudly bears its racing history and hasn't been 'restored' to beyond perfect condition is even better. Let's hope it found its way to Naples, Florida or Philadelphia and gets treated with love and respect while being brought back to life to stand and be demonstrated proudly beside some of its more famed counterparts from Watkins. The history alone is worth the price it brought, the patina (if it can be called that) is priceless.

Lot # 130 1930 BNC Type 527 Voiturette; S/N 27119; Blue/Red; Estimate $170,000 – $220,000; Competition car, original as-raced, 4+ condition; Hammered Sold at $165,000 plus commission of 10.00%; Final Price $181,500 – RHD. 139/60hp Ford V8-60 flathead, 3-speed, silver painted wire wheels, driving lights, cycle fenders, hydraulic brakes. – Raced in the early postwar years by George Caswell, who did the engine swap, and his friend Otto Linton, competed in the first Watkins Glen road races in 1948, finishing 8th overall, 4th in class. Stored since the early 70’s in home built as-raced condition and still that way with scratched, dinged, peeling paint, scruffy upholstery and grimy engine and chassis, a marvelous old crock begging to be brought back to decent running, driving condition. – People kept opening the hood of this BNC to marvel at Henry’s little flathead powerplant tucked inside. Finding any car that competed at Watkins Glen in 1948 is an event, but to find one that so proudly bears its racing history and hasn’t been ‘restored’ to beyond perfect condition is even better. Let’s hope it found its way to Naples, Florida or Philadelphia and gets treated with love and respect while being brought back to life to stand and be demonstrated proudly beside some of its more famed counterparts from Watkins. The history alone is worth the price it brought, the patina (if it can be called that) is priceless.

1932 Packard Twin Six Individual Custom Convertible Sedan, Body by Dietrich

Lot # 135 1932 Packard Twin Six Individual Custom Convertible Sedan, Body by Dietrich; S/N 900104; Engine # 900116; Maroon/Plum leather; Black cloth top; Estimate $900,000 – $1,200,000; Concours restoration, 1 condition; Post-block sale at $763,636 plus commission of 10.00%; Final Price $840,000 – Chrome wire wheels, wide whitewalls, rollup division, vee windshield. – Concours restored and maintained in show ready condition. Excellent paint, chrome, interior and top. Body swapped from a Super Eight during restoration. Bob Bahre collection. – Bid to $700,000 on the block and closed later at this price, an astute compromise between the innate appeal and superb lines of this car and its mixed history. A car the new owner will be as proud to own and show as Bob Bahre has been, but even better to drive.

1914 Packard 1-38 Six Runabout

Lot # 137 1914 Packard 1-38 Six Runabout; S/N 38878; Engine # 38878; Red/Red leather; Black cloth top; Estimate $400,000 – $450,000; Not evaluated; Hammered Sold at $375,000 plus commission of 10.00%; Final Price $412,500 – A prodigious automobile with 415 cubic inches, rated 60 ALAM horsepower with lightweight coachwork and 115 inch wheelbase. Reported sold by Mecum Auctions at Monterey last August for $668,750, a result that followed two no-sales with RM at Arizona in 2010 ($335,000) and Hershey in 2012 ($370,000). Hard to ‘splain, but a magnificent car for the money here.

1928 Rolls-Royce Phantom I Special Roadster, Body by Hibbard & Darrin

Lot # 140 1928 Rolls-Royce Phantom I Special Roadster, Body by Hibbard & Darrin; S/N S297FP; Engine # 22977; Red, Black/Red leather; Black cloth top; Estimate $200,000 – $250,000; Not evaluated; Hammered Sold at $250,000 plus commission of 10.00%; Final Price $275,000. No Reserve – – — Sold by Gooding at Scottsdale in 2013 for $308,000.

Comments

  1. bryan cole says

    thanks once again for a wonderfull gallery of cars, for me, the pick of the bunch is 1937 delahaye 135 – they just don`t them like this anymore, beautifull cars of a bygone era.

  2. Rick Carey says

    My vote is the BNC. I love adapted flatheads, particularly the baby V8-60’s. The cool thing about it is that it can race and tour pretty much everywhere. The price isn’t cheap, but it’s so, achingly, original in a way most of the collectors who part with high six- and low seven-figure prices for ‘barn find’ cars can’t conceive. Can you imagine this flathead BNC on the Mille Miglia? The Italians would swoon over it.

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