Bonhams Gstaad auction & results

Correct.
Marcel Massini

 

It is Mr. Nico Aaldering of http://www.thegallerybrummen.nl/en/welcome/

 

Pleased to report that today Tuesday 23rd December 2008 the ex-Antoine Midy 121 LM Spider Scaglietti #0558 LM has now also been sold by Bonhams, post-auction. About Swiss Francs 3'900'000 all included.

Additional post-sale deals have been a Boxer, the 275 GTB, the 6C 1750-Alfa and the Testa Rossa Replica. Now the stats look a bit better!

Marcel Massini

 

=€2,560,000 or $3,583,000
Still well below estimated CHF4,700,000 - 6,600,000 but still, a sale!
Thanks for the info Marcel.

 

...and that's something which would be very welcome indeed right now for GM, Chrysler, Ford, Jaguar, Range Rover, Toyota, Honda, Subaru, Suzuki...etc etc etc.

There is intrinsic value out there which folding money has lost.

The Kohima war memorial epitaph reads memorably "When you go home, tell them of us and say - for your tomorrow, we gave our today". A friend of mine has suggested that if we might presume to paraphrase this moving sentiment, we could think "To all you money men, who now force us to borrow - for your today, YOU gave our tomorrow". Incompetent, negligent, ignorant, greedy bastards.

DCN

 

With all these after sales the Grand Hotel looks more like a temporary car dealership than an auction ground.....

 

And what a nice setting it is !
I was there together with fellow Fchatter JR and photographer DJ, who made a nice gallery about the auction on
http://www.**************/gallery/119513/1962/1.html supercars
some here might recognize themselves on the overview pic.

Marcel, my regards to you and your wife. It was nice to meet you briefly after the auction.

 

Can you tell us these prices?

 

+1!

 

James Knight with Bonhams has some interesting things to say about the sale, including comments about the Ferrari market:

http://www.sportscardigest.com/archives/2628

 

We missed Dirk already on Friday morning....

 

Friday morning we first had a Zagato factory visit in Rho Milano.

 

True. But this has occured for years. It's part of the business. A sale is a sale

What I am trying to understand is how Marcel can put the two words "better & replica" in the same sentence from his last post. What a surprise

 

How profitable is such a sale for Bonhams (or any other auction company). I would assume it's pretty expensive to arrange the facility, promote the auction, source cars, transport them to Gstaad, produce catalogues, arrange staff to be there etc etc etc. Are we talking $500K to run the auction, more/less or whatever? It must get marginal at some stage.

I went along to the (admittedly low-rent) Barons auction at Sandown a couple of weeks ago, and there was very low sales levels there that day and I did wonder about the economics of it all. I guess that's another part of the whole equation. Will we see less auctions if the market goes flat?

 

NOT the same sentence. There is a dot in-between! Buy glasses...........

Marcel Massini

 

Thanks!

 

Good point. Also remember the seller is netting 30 percent less
Than the published numbers due to Vat and fees to the auction
House.

The 275 4 Cam seller only netted about 700K.

This market is hard for Dealers and Auction Houses but
Good for real end users not speculators who will enjoy
these cars while these strange days pass.

 

but it requires a constant rewriting of the news reports.....and yes this has happened before, but not to the extent that these sales were necessary to save some of the respect this particular auction has had for years.

 

IMO the real Bowel Loosener will be the no reserve BJ
Auction.

 

Unless sellers are starved for cash, they may decide to withdraw critical entries, isn't it?

 

BJ is no reserve, thousands of cars over five days...

 

0094E sold for 4 246 590 CHF

 

Interesting, thanks for pointing that out. The "original" 2965 was in Japan for many years. It was Silver/Blue with power windows then. I'm guessing the body/engine swap occured in Europe after 1999. If anyone looks at this car I'd love to know what engine's in it.

Thanks

 

WRONG. The website of Bonhams contains a massive error!!
Marcel Massini

 

sale is wrong or price is wrong ?

or both ???