RM Auctions Arizona 2013 – Auction Report

RM Auctions Arizona 2013 – Auction Report Page Three

1959 Arnolt-Bristol DeLuxe Roadster

Lot # 136 1959 Arnolt-Bristol DeLuxe Roadster; S/N 404/X/3022; Engine # BS1/MkII/223; BRGreen, Yellow stripe/Tan, Green leather; Green cloth top; Estimate $225,000 – $275,000; Recent restoration, 2+ condition; Hammered Sold at $175,000 plus commission of 10.00%; Final Price $192,500. Silver wheels, blackwall tires, tonneau cover, triple carbs. — Restored better than new with excellent paint, good brightwork and luxurious upholstery. Flawless. Infrequently seen and highly admired not only for their rarity but also their speed and roadholding, this car sold at Gooding’s Scottsdale auction in 2009 post-block for $135,000. The seller made a small profit, but the buyer got an exceptional car for a very reasonable price.

1966 Lamborghini 350 GT

Lot # 139 1966 Lamborghini 350 GT; S/N 0436; Metallic Green/Black leather; Estimate $345,000 – $425,000; Visually maintained, largely original, 3 condition; Not sold at Hammer bid of $332,500. Chrome spoke polished Borrani wire wheels, Pirelli P4000 tires, Blaupunkt radio. — Flamboyant paint, flawed trim chrome, sound upholstery shows age. Underbody has old undercoat. A somewhat gaudy touring quality Lambo.

1968 Ferrari 365 GTC

Lot # 140 1968 Ferrari 365 GTC; S/N 12059; Silver-Grey/Red leather; Estimate $500,000 – $600,000; Recent restoration, 2 condition; Hammered Sold at $660,000 plus commission of 10.00%; Final Price $726,000. Chrome spoke Borranis, Michelin XWX tires, Voxson 8-track stereo. — Good paint, chrome and interior. Restored to nearly like new condition. Ferrari Classiche certified. 4.4 liters are better than 3.96 by almost any standard and GTCs are emphatically the hottest current Ferrari. It won’t be long before they’re ringing up seven figures if the present trend continues, but still the nagging thought comes to mind: is a 365 GTC worth two Daytonas? It hardly seems logical, so either Daytonas are seriously under-valued in the current market or GTCs are over-valued.

1931 Duesenberg Model J Tourster, Body by Derham

Lot # 141 1931 Duesenberg Model J Tourster, Body by Derham; S/N 2440; Engine # J-423; Light Olive, Metallic Olive fenders and accent/Taupe leather; Beige cloth top; Estimate $1,200,000 – $1,600,000; Older restoration, 3 condition; Hammered Sold at $1,200,000 plus commission of 10.00%; Final Price $1,320,000. Chrome wire wheels, wide whitewalls, dual enclosed sidemounts with mirrors, Trippe lights, metal trunk, rollup rear windscreen, tinted glass visors. — A quality old restoration in dated colors. Paint has several age-related flaws. Upholstery and chrome are good. A fine old car in good touring condition. Owned since 1968 by Tony Pascucci and his son, something of a legend among Duesenbergs and a car that is complete and original in all important respects. One of only eight built by Derham in this body style. They don’t get much better than this, and the price is nothing if not reasonable even with the antique restoration. This is a car that should be driven and enjoyed before it is restored, if it should be restored at all.

1956 Mercedes-Benz 300Sc Cabriolet

Lot # 144 1956 Mercedes-Benz 300Sc Cabriolet; S/N 1880136500077; Dark Blue/Light Grey leather; Blue cloth top; Estimate $800,000 – $1,100,000; Recent restoration, 2+ condition; Hammered Sold at $900,000 plus commission of 10.00%; Final Price $990,000. Chrome wheels, whitewalls, Becker Mexico radio, fog lights, fitted luggage. — Restored better than new in the early 80′s and still with excellent paint, chrome, interior and top. Recently extensively serviced and freshened with new carpets and interior wood veneer. A remarkably well preserved three decade old restoration that speaks to the quality of the workmanship and materials, as well as subsequent limited use and regular care. The 300Sc made a particularly important statement for Mercedes-Benz as it once again positioned the company at the pinnacle of the luxury car market just ten years after the end of World War II. These cars have always been valuable and appreciated by collectors and this result is a tribute both to the inherent quality of the car and its condition. It is full value for the not insignificant money it brought.

1967 Ferrari 275 GTB/4

Lot # 145 1967 Ferrari 275 GTB/4; S/N 10195; Blue Sera/Bright Blue leather; Estimate $1,400,000 – $1,750,000; Recent restoration, 2+ condition; Hammered Sold at $1,675,000 plus commission of 10.00%; Final Price $1,842,500. Chrome spoke Borrani wheels, Michelin XWX tires, P/W, reproduction tool roll and jack. — Excellent paint, chrome and interior. Better than new and very pretty but, boy, is that interior Bright. Ferrari Classiche certified. The catalog refers to ‘its original matching-number [engine] stamping was restored by Classiche.’ For what it’s worth. Make your own judgment about Ferrari Classiche ‘restoring’ an engine stamping.

1962 Shelby Cobra 289 Roadster

Lot # 150 1962 Shelby Cobra Roadster; S/N CSX 2032; Black, Yellow nose stripes/Black leather; Estimate $750,000 – $950,000; Competition restoration, 2- condition; Not sold at Hammer bid of $710,000. Kidney bean centerlock alloy wheels, Goodyear slicks, four Weber intake, quick release fuel cap, Moto Lita woodrim steering wheel, braced chrome paperclip rollbar, chrome side exhausts, fender vents. — First owned by Lance Reventlow, known history from new with many modifications by a stream of owners. A very well restored and lightly used historic race car. Nearly like new. Opened at $500k. RM offered this Cobra at Monterey in 1998 with a high bid of $210,000 and a half-million dollars more in the succeeding fifteen years is indicative of what’s happened to the Cobra market. It would seem like RM could have found enough room at the reported high bid to make this work.

Comments

  1. says

    Rick , thank you another great article , one thing , Lot 112 the Ferrari 365 GT 2+2
    the correct nick name for these cars is Queen Mary as in the Ship ,( due to its size when new ) NOT Queen Mother , a very common mistake , makes sence if you think about it

    • Rick Carey says

      Mmmm, I don’t agree. I’ve never heard anyone refer to a 356 GT 2+2 as a Queen Mary, not even Bard Wolfe, who was for years the Prince Consort of the Queen Mothers, i.e., he was the master at making them look great.
      Across the pond in the UK (from which we Americans are, after all, separated by a common language) that may be the case, but not here in the U.S.

  2. Emma says

    Hi rick,

    I really enjoyed reading this article. It’s very complimentary and extremely well written. A strange request but is there anyway I can get a paper version of this article? Kind regards

  3. says

    So Rick , what you are saying is we Europeans nicknamed the 365 gt 2+2 the ” Queen Mary ” after the largest most powerful moving object in the world and you Americans named it after a little old lady who happen to be the Queens Mother ?

    • Rick Carey says

      We colonials have always been prone to speaking our minds, haven’t we.
      But revenge will be yours eventually — when the Duchess of Cambridge becomes “Queen Mother.” Maybe then we’ll have to change our minds on the 365 GT 2+2′s nickname, cuz it sure isn’t as svelte as Kate.

  4. Roscoe Gallaher says

    Mr. Carey, how many Lamborghini 350 GT’s have you restored? Have you ever driven one? Have you ever restored a car?

    • Rick Carey says

      Roscoe,
      These are open-ended and non-specific rhetorical questions.
      If you are taking a position or have an observation to make about the report on the 350 GT, please state it.

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