Monterey/ Pebble Beach auction thread

Slightly O/T both GT40 unsold with same high bid which suggests one bidder with a $ 3 M limit inc fees ( PS thanks Timmmmmmy for comprehensive results)

 

hi, did this car sell?, amount?
Pete

 

Pete I'm betting the 2.9 and other Sam Mann consignments are up saturday night.

Dave

 

Mecum, Friday
246 GTS sold for $325k hammer
328 GTS sold for $190k hammer

 

1st Three Lots

Lot 101 -- 1952 Allard K2 Roadster -- hammer $125,000
Lot 102 -- MBZ 190SL -- scratched
Lot 103 -- 1988 Ferrari 328 GTS -- hammer at $90,000
Lot 104 -- 1999 Lamborghini Diablo Roadster -- hammer at $275,000

I was in the room. Not a strong showing except for a couple of the big cars. Either the estimates were off, these were subpar examples, or the market has weakened. I miss Max also. They did move quickly through most of the cars when they realized there were few to no bidders left.

Kirk

 

At RM yesterday can anybody clarify what lot 106 the "1982 Aston Martin V8 Vantage 'Oscar India'" sold for ? I have seen 2 different prices reported ,


thanks in advance

 

$325 hammer

 

$325K plus 10% premium = $357.5K

 

It looks like the market is correcting itself. The high demand rare stuff is still commanding strong money and the rest is correcting.

I guess the laws of supply and demand have taken over.

 

Thanks

 

I watched/monitored a good bit of Mecum online. As I commented early yesterday, the no-sale rate seemed extraordinarily high. Unsure if it was the quality of the cars, reserves set way too high, or getting the right buyers there while Quail was going on simultaneously.

The $190K 328 was a 2,000mile car, one owner, fully preserved and full stack of records. A bit of a unicorn for sure, someone really wanted it.

I'm a fan, not a market analyst, but having attended all these auctions at Monterey last year as well, seems like the top cars are ok, the lower end is solid but not where the sellers or houses had hoped. I'm going to imagine a lot of more realistic deal making occurred on the lawn at Mecum afterward

 

what time do the auctions start today?

 

7pm again

Paul

 

I thought Mecum had the "daytime" auctions?

 

I looked at some of the lots by pictures only, and I thought they were not so great. I imagine they were worse in-person. The one car I did like was the Dianna Ross E-Type, it looked great. If prices have not pulled back 20% I would be shocked.

I would imagine the better part of the lot is tonight. Still don't see anything which I have said, I would have paid more for that car.

 

Can you please help me with the Daytona
RM 8/19/2016 113 1972 Ferrari 365GTB/4 15305 $800,000.00 $900,000.00 $675,000.00 $742,500.00
Condition, history ?

 

Fantastic Daytona. Restored by Junior's House of Color with Tony Nancy interior. Less then 5,000 original miles.
I know all about the car if you need more info.
Norbert

 

Yes, how such a low miles supposed Ferrari will need a new interior ?
For me, you change it beacause, it s use
What your opinion ?

 

Dear Timmy, what a fantastic initiative! Not only the real numbers almost real-time, but also the no-sales with highest bid, and then all your friends' comments! This is a really good thread and provides fantastic insight.
I have bought some cars at auction recently, at Bonhams the Asa in Paris in feb, and in june London the Alfa 2600sz. I have in the past bought at Coys and RM. No need to bother with the mass houses, at least not for me.
I have also seen a softening all round, except maybe very special expensive stuff. This is quite normal, markets do go up and down. As to the prices in the catalogs, they are currently all (way) too high. Maybe to bring people in to offer their cars? I have some older catalogs, and the prices are gradually being adjusted, but the market drops quicker.
Probably the best way out for the good houses will be to offer less cars, and concentrate on truly nice and interesting ones. Leave the uninteresting stuff to the companies that push hundreds through, and the internet. Good fun don't buy.
Finally, the good and experienced dealers that specialise in limited brands are always nice to have as friend. Still the minority of good cars is sold at auctions...
Interesting times!

henk de vries
amsterdam
1958 Lancia Aurelia B20S (Belgian dealer)
1961 Ferrari 250 GTE 2+2 (RM)
1963 Aston Martin DB4 (London specialist)
1963 Bristol 407(Z) * (NL broker)
1963 Lancia Flaminia Pininfarina Coupe (NL dealer)
1963 Maserati 3500GTI Sebring (UK dealer - at technoclassica)
1965 Alfa Romeo 2600SZ * (Bonhams)
1965 ASA 1000GT Coupe (Bonhams)
1965 Lancia Flaminia Supersport Zagato (Belgian dealer)
1967 Ferrari 365GT 2+2 * (NL restoration company)
1968 Aston Martin DBS V8 (Newcastle specialist)
1968 Jaguar 3.8S (NL garage)
1969 Lancia Fulvia Sport 1,3S Zagato (NL specialist)
1969 Lamborghini Islero * (German dealer)
1970 Jaguar E type 4.2 Roadster (Coys)
1971 Citroen SM (UK garage)
1971 Maserati Indy (NL restoration specialist)
1971 Rolls Royce Corniche 2d saloon (NL collector / specialist)
1974 Ferrari Dino 308GT4 * (NL broker)
1991 Lynx Eventer V12 (NL broker)
1994 Jaguar XJS 4.0 Convertible (Jag dealer)
(*: in restoration)

 

any info as to who bought 0510M last night?

 

Very high no-sale rate this afternoon at Mecum


Sent from my iPhone using Tapatalk

 

Mecum DID have some serious modern F car muscle for sale. Saw 599 GTO sold for $680K and 599 SA sold for $1.05M. IMHO these buyers got a GREAT deal relative to what the cars are retailing at (at least with respect to AP's). I don't know if these "sales" #'s include the 10% buyers premium. Also saw that LaF received a HUGE # of over $4M. Seems to me that some of the newer (ie. read that to be younger) well heeled buyers like the newer LE V12 F cars more than the older school F cars. Don't see a trend yet but definitely something to look at if your an investor.

 

It has been a buyer's market for quite some time already and all the dealers that in the past few years bought cars for inventory are now sitting on their hands and there are no end users nowadays.
Gooding begins in 30 mins.

Marcel Massini

 

North America's very best Ferrari engine man, located in the SF bay area, got it for a client.

Marcel Massini