Russo and Steele Monterey 2012 – Auction Report

Russo and Steele Monterey 2012 – Auction Report Page Six

1965 Ferrari 400 Superamerica Coupe

Lot # S650 1965 Ferrari 400 Superamerica Coupe, Body by Pininfarina; S/N 4113 SA; Rosso Corsa/Tan leather; Visually maintained, largely original, 3 condition; Not sold at Hammer bid of $770,000 – Overdrive, disc brakes, Borrani wire wheels, power windows. Open headlight bodywork on a long wheelbase chassis. Current red over tan color combination is a change from the original silver over black. Trim is scratched and chipped throughout, particularly on the driver’s door handle. Leather is worn but usable and the paint shows slight patina. Chassis shows numerous chips and road grime. A well-used Superamerica quickly approaching the need for a full restoration. With a final bid of $770,000 there was little question that this Superamerica was going to stay in the seller’s hands. Though it carries the less desirable open headlight bodywork and any future restoration will come with considerable expense, it’s still a Superamerica and a 7-figure car in this market.

1970 Plymouth 'Cuda Hemi Hardtop

Lot # S651 1970 Plymouth ‘Cuda Hemi 2-Dr. Hardtop; S/N BS23R0B236321; Limelight/Black vinyl; Recent restoration, 2 condition; Not sold at Hammer bid of $225,000 – 426/425hp Hemi, 4-speed, shaker hood, 4.10 Super Track Pack, billboards, rally gauge center console, painted steel wheels, dog dish hubcaps, Goodyear Polyglas replica tires, broadcast sheet. Represented as numbers-matching. As new with excellent paint, interior and chassis. 426 is particularly well detailed. Eye catching in every possible way. In 2007 a Hemi Cuda at this price would have sparked a riot. That those days are long gone is a fact lost only on consignors. This bid was in line with the market and should have been enough to buy the car even with the High Impact color and desirable specifications.

1960 Ferrari 250 GT Cabriolet Series II

Lot # S652 1960 Ferrari 250 GT Cabriolet Series II, Body by Pinin Farina; S/N 2077GT; Rosso Corsa/Tan leather; Recent restoration, 2 condition; Not sold at Hammer bid of $975,000 – Borrani wire wheels, disc brakes. Excellent paint and chrome, tidy engine bay and chassis. Card claims recent complete restoration and condition bears this out. Still wearing numbers from this year’s California Mille Miglia which the Ferrari completed. A well presented and usable drop top Ferrari. At RM Amelia, a Series II Cabriolet with more desirable covered headlamp bodywork and an older but excellent restoration sold for a final price of $770,000. The final bid of $975,000 for this Series II should have been more than enough.

1962 Alfa Romeo Giulietta Sprint Speciale

Lot # S657 1962 Alfa Romeo Giulietta Sprint Speciale, Body by Bertone; S/N 177413; White/Blue, Grey leather; Older restoration, 3+ condition; Not sold at Hammer bid of $135,000 – Steel wheels, Vredestein black wall tires, wind deflector, lap belts, tool roll. Well maintained older restoration with paint showing only minor dulling and chassis only slight wear. Interior shows as new. Appealing and unexpected color combination. Great tour and rally car. Pairing the Alfa Romeo name with a car as stylish as the Sprint Speciale is a sure fire recipe for success and buyers are increasingly willing to pay large sums for good examples. This was a good but not concours car that could have brought a little more money without over-paying.

1964 Cooper Monaco Roadster

Lot # S659 1964 Cooper Monaco Roadster; S/N CM 3-64; White, red, blue/Black, vinyl; Recent restoration, 3- condition; Not sold at Hammer bid of $225,000 – 327ci Chevy V8, fuel injection, Huffaker transmission, disc brakes, Autometer gauges, Jegs valve cover breather, red and blue anodized braided-stainless hoses throughout, painted and polished Panasport wheels. Period photos suggest interesting race history but no other documentation provided. Paint and bodywork solid save waviness in the left rear fender. Very little Cooper Monaco left. What remains was rebuilt with parts from the Nascar section of the local auto parts store. A historic racer drowning in go-fast, boy-racer bits. This project car was the stuff of dreams; a historic race car with intriguing history and in-period photos. Why then, were these considerable attributes ignored during its restoration? Had it resembled the black and white pictures in any way, the Cooper would have attracted more interest and money. Instead it looked like a replica and waited for real Cooper money. It’s going to be a tough sell for anything near what the consignor is signaling will make it move on.

1957 AC Ace Bristol Roadster

Lot # S661 1957 AC Ace Bristol Roadster; S/N AE1016; Engine # 100D21079; Black/Red leather; Black top; Cosmetic restoration, 3 condition; Not sold at Hammer bid of $160,000 – 2 liter Bristol D2 six, 4-speed w/overdrive, silver painted wire wheels, Girling front disc brakes, wind wings. Color change from original Bright Blue Metaline. Decent paint and bodywork. leather on dash damaged, driver’s seat heavily worn, banjo steering wheel chipped. Hood gap needs adjusting. Minor issues on an otherwise great car. With event eligibility, largely original condition and a desirable original color to change back to now or at a later date, this Ace Bristol offers much. It isn’t a concours car, though, and while this bid is low it isn’t far from a number that should bring it home.

1967 Maserati Ghibli Coupe

Lot # S668 1967 Maserati Ghibli Coupe, Body by Ghia; S/N N/A; Red/Black leather; Visually maintained, largely original, 3- condition; Not sold at Hammer bid of $76,000 – Borrani chrome spoke wheels, wood-rimmed steering wheel, modern stereo, modern speakers crudely installed in rear panel. Crusty wheels, mediocre paint, retrimmed seats highlight mediocre original dash. Spit-shined for a quick sale, an auction car. Consignment # 2270. Considering the only thing this car’s terse auction card said was that it is one of five Ghiblis with factory fitted Borrani wheels, someone should have cleaned them. As it sat the Maserati was not impressive and its lackluster performance on the block was little surprise.

1966 Shelby Mustang GT350

Lot # S672 1966 Shelby Mustang GT350; S/N SFM6S038; White, Blue stripes/Black leather; Concours restoration, 1 condition; Hammered Sold at $215,000 plus commission of 10.00%; Final Price $236,500 – 4-speed, side exhaust, Cragar wheels, Goodyear Blue Dots. Early, carryover car with the 1966 exterior elements and the racier 1965 mechanicals. Over the top restoration using original and NOS parts of a low mileage (26,424 miles) original GT350 and absolutely stunning in every regard. An outstanding Shelby. This car was so over-the-top in every regard its price offers little comparison for the 99% percent of Shelby Mustangs that are simply nowhere near this level of detail and originality. So this price is high in the current market? Just try finding another one close to this good.

1962 Austin-Healey 3000 Mk II Roadster

Lot # S676 1962 Austin-Healey 3000 Mk II Roadster; S/N HBT7L15705; Ivory/Black leather; Older restoration, 3- condition; Not sold at Hammer bid of $46,000 – Tri-carb induction, hard top, chrome wires, Michelin XZX black wall tires, Lucas driving lights. Interior new and well done. Paint new but shows orange peel on passenger door. Hard top trim heavily gouged, rubber seals cracked, driving lights have different lenses. Odd car. Consignment # 2141. Sold by Bonhams at Quail Lodge in 2007 for $60,840 in freshly restored but not like new condition. There was simply too much wrong with the exterior of this car for anyone to take it seriously or throw real money at it. Bidders took note and fell silent quickly.

[Source: Rick Carey]


  1. Alan Gent says

    Rick thanks once again, for a really interesting and detailed report on an auction. Please keep ’em coming, they actually broaden my knowledge considerably.


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