Any RM result??
Even in the case of a bidder spending too long at the cash bar or otherwise bidding beyond there means the auction house will usually work with the underbidder(s) to make the deal stick. Another dynamic is that its rare but not unknown for auctioneers to call or display it sold (such as the Jaguar D at RM Scottsdale and at least one big dollar car at Bonhams Quail last year IIRC) at below estimate amounts and then it turn up unsold and I guess thats down to confusion between the podium and reps. This confusion could be as simple as to whether vendors have dropped their reserve or not and the use of oblique language as to .
Still underway, Some good results, a handful of fails.... 129 - Marmon $1.05 mil sale 134 - Ferrari Daytona $621k 140 - Maser 3500gt Frua $470k no sale 147 - Ferrari 250gt pf coupe $720k 148 - Ferrari 275gtb $2.2 mil 151 - Stutz $544k 153 - Isotta $1.27 mil 154 - Aston DB4 $660k no sale 155 & 156 - Mercedes 300sl - $1 mil each 162 - Duesy - $995k 164 - Cobra - $900k no sale
The Mormon 16 was a trip. One guy bid in $5k increments, the other in $15k increments. It was the best bidding war over a car I couldn’t really care about. Matt
Smiles: You should care about Marmon Sixteens. They are absolutely amazing cars. The "muscle car" of the classic era. They will out-accelerate a Duesenberg to 100 mph, and only give away about 6-8 mph on the top end. Smooth beyond belief. Bill Harrah said "classic cars drive like trucks, but Marmon Sixteens drive like automobiles"
Agreed. The notion of an auction being a venue for transparent transactions is a fallacy. My point only was that there was at least one real bidder on the Daytona Spider.
BB512i hammered at $230,000 plus BP. 10600 miles only claimed. What was the condition like? Did anyone here have a good look at it?
Actually people drove the fully restored, and now affordable, cars for almost twenty-five years. Many were, by the end of that cycle, much more deteriorated. They were, as Ferrari’s always were, by people who wanted them in pristine condition, but couldn’t afford to keep them that way. Matt