Mecum Auctions, Del Monte Golf Course, August 12-14, 2021

Mecum came off a lowball year in 2019 to score its highest sale total in the Monterey sale’s thirteen year history as well as the highest sell-through rate at 77%, 15 points higher that the best-ever performance in 2012.

The seven-figure lots were equally impressive with sixteen lots bid to a million dollars or more and eleven sold. But it was not just million dollar cars (although they made up $22,270,000 of the total) that reflected the quality of the consignment. The $77,000 median transaction was $22,000 more than this sale’s best-ever median transaction back in 2016.

In other words, quality trumped quantity at Mecum Monterey in 2021, reversing the pattern of the middle years of this venue when the lots offered approached 700 units in 2015-2018. There was plenty to see, but also time to linger over the most interesting cars and find quality inventory to satisfy pretty much any collecting preference.

Leaving the vast consignments in Kissimmee and Indianapolis and concentrating on more carefully selected cars in Monterey suits the tone of Monterey Car Week while still letting cars like the MG YT Tourer finagle their way onto the auction field to let the spectators know, “I can buy this.”

There were some surprising results, notably in this report the Porsche 911S (lot # F50) and the Ford GT Heritage Edition (lot # F61). In the way of unusual values there was the MG YT (lot # F109) and Ferrari 488 Pista (lot # S122).

Here are the numbers:

Year Cars Sold/ Offered Sale % Average Sale Median Sale Total $
2021 401/521 77% $141,625 $77,000

[54.4%]

$56,791,500
2020 No comparable sale
2019 279/569 49% $106,971 $44,000

[41.1%]

$29,844,925
2018 362/688 52.6% $126,230 $51,700

[41%]

$45,695,265

Rick Carey, Andrew Newton and Greg Ingold described 37 of the 521 lots on gorgeous Monterey days, even though we duplicated a few in our quest to give a hint of the flavor of Mecum’s Monterey auction. We managed to report on eleven of the sixteen lots bid to a million dollars or more. This report is sorted in lot number order.


Lot # T80.1 1973 Porsche 914 1.7 Targa; S/N 4732926434; Olympic Blue/Black vinyl; Unrestored original 2+ condition; With Reserve; Hammered Sold at $73,500 plus commission of 10.00%; Final Price $80,850. – 1,679/80hp, 5-speed, steel wheels with hub caps, Michelin X tires, center console, original Sapphire radio. Comes with original bill of sale. – Represented as staying with the same owner for 48 years, with 13,998 actual miles, and as totally unrestored. There are a few touch ups in the original paint but it’s holding up very well. Clean wheels and tires. The bumper plastic has barely dried out at all. The interior looks barely sat in except for a lightly worn steering wheel. For years these were the poor man’s Porsche and to some people not even a “real” Porsche at all, but this car’s owner babied it like a loaded 911. – This isn’t a record price for a four-cylinder 914 but it isn’t far off, either. It’s an exceptional price for an exceptional car, boosted by a desirable color and of course its level of preservation, which is impossible to duplicate and nearly impossible to find. An absolute time capsule of a 914, it’s on the cusp of turning over 14,000 miles, but that odometer may never hit 15.

Lot # F50 1970 Porsche 911S Coupe; S/N 9110301083; Light Ivory/Black vinyl, houndstooth inserts; Recent restoration 2- condition; Hammered Sold at $240,000 plus commission of 10.00%; Final Price $264,000. – 2,195/180hp, Webers in place of original fuel injection, 5-speed, polished Fuchs wheels, Vredestein tires, gold brightwork, fog lights. – Represented as matching numbers and with a recent $60,000 restoration. Spotless front trunk. Bumpers look original. Fresh engine bay that looks hardly run. Gorgeous detailed underbody. Wheels look brand new. Very good interior. A solid freshly redone early 911S that only misses on a few small details. – 6 miles. That’s all that has been added to the odometer of this 911S since it was sold at Mecum’s Indy sale in May, less than three months ago. That pales in comparison with the $118,250 that’s been added to the transaction value: sold for $145,750 at Indy and brought the 1,935 miles to Monterey. That’s $61.11 per mile, as the crow flies, and a seriously expensive 911S at this price.

Lot # F61 2006 Ford GT Heritage Edition Coupe; S/N 1FAFP90S96Y401283; Gulf Blue, Orange/Black leather; Unrestored original 2 condition; With Reserve; Hammered Sold at $550,000 plus commission of 10.00%; Final Price $605,000. – 330/550hp, 6-speed, BBS wheels, red calipers, McIntosh stereo. – 620 miles and like-new. – There were eight 2005-06 Ford GTs in Monterey, half of them at Mecum, so anybody with their eye on one was spoiled for choice. But did that soften demand? Not at all. Modern analog supercars were almost universally strong across the peninsula in 2021, and that’s putting it mildly. All eight GTs sold and sold well, most for significantly more than these cars were selling for only a year ago. This example wasn’t the lowest mileage car of the bunch (that honor went to a 3.7-mile car, also at Mecum) but it was the only Heritage Edition and that made it the most expensive. It’s also one of only two GTs to seen crack 600 grand at auction. The other one was the 3rd car built, sold at Barrett-Jackson in 2015 for the same price.

Lot # F67 1968 Chevrolet Corvette Sunray DX Convertible Race Car; S/N 194678S402351; Blue, White, Blue hardtop/Black vinyl; Estimate $750,000 – $850,000; Competition restoration 2+ condition; With Reserve; Not sold at Hammer bid of $400,000. – L88 427, power brakes, white side pipes, 5-spoke alloy wheels with Firestone Wide Oval tires. Upgrades performed by Don Yenko to create an L88 out of a standard L71 Corvette convertible. – Excellent paint, body and bright work, the engine and mechanicals have all been redone to the highest standards, the interior is immaculate with high attention to maintaining the car’s history. Very little use is noticeable since the 2004 restoration. 2nd in class 1968 24 hours of Daytona, GT class lap record 1968 Sebring 12 hours, 1968 SCCA Midwest Division road racing title with Don Yenko. Restored by Kevin MacKay, NCRS American Heritage Award, Bloomington Gold Special Collection. A gorgeous L88 with a fantastic story to go with it even if it isn’t the most successful of the L88s. – In 2015 this “L88” was bid to $1.1 million at Barrett-Jackson WestWorld. Two years later at Worldwide’s Pacific Grove auction it was bid to $600,000. The trend is clear although the result here is irrationally low and its race history alone should see it bring at least 50% more than it did today.

Lot # F73 1965 Shelby Cobra 289 R&P Roadster; S/N CSX2495; Black/Black leather; Estimate $900,000 – $1,000,000; Older restoration 2- condition; With Reserve; Hammered Sold at $825,000 plus commission of 10.00%; Final Price $907,500. – 289, four Webers, centerlock alloy wheels, Goodyear Eagle tires, matte black side exhausts, grille and trunk guards, clock. – Clutch is broken. Very good paint, chrome, interior, engine and chassis. Neat, fresh and enticing with an intriguing history of having been the Cobra that led Jim Inglese to design, develop, tune and perfect side draft Weber induction systems for V8 engines. Recently color changed. – A storied Cobra that no-saled repeatedly in the last decade of the 20th century for under $200,000. It’s seen much work recently and is a far better car than it was then before selling at Barrett-Jackson WestWorld in 2016 for $797,500 as well as notching into a much better 289 Cobra market. It is a solid value in this transaction.

Lot # F74 1952 Ferrari 340 America Berlinetta, Body by Vignale; S/N 0202A; Blue/Grey cloth; Estimate $4,800,000 – $5,300,000; Competition restoration 2+ condition; With Reserve; Not sold at Hammer bid of $3,100,000. – RHD. 4,102/220hp, three Weber carburetors, 4-speed, Marchal headlights and fog lights, blue Borrani wire wheels, sliding Plexiglas side windows, outside fuel filler, roof-mounted windshield wiper, bucket seats. – Excellent older paint, interior and bright aluminum and chrome. Restored better than new at Ferrari Classiche, Red Book certified. Fifth at Le Mans in 1952 driven by Andre Simon and Lucien Vincent, later raced in the U.S. An important competition Ferrari eligible for anything it wants to attend and impeccably restored as well as extensively documented. – This 340 America’s combination of performance, rarity, style and competition history is highly impressive, and valuable. Bonhams sold 340 America Vignale Berlinetta 0132A for $3,635,000 at Quail in 2019, an impressive but unrestored original car with its original engine and there’s no reason to think that this impressively restored 340 America is worth less.

Lot # F108 1933 Auburn 8-105 Salon Cabriolet; S/N 1145F; Ivory, Black, Orange accent/Black leather; Black cloth top; Older restoration 3+ condition; With Reserve; Hammered Sold at $50,000 plus commission of 10.00%; Final Price $55,000. – 268/100hp, orange wire wheels, whitewalls, dual enclosed sidemounts, Stabilite headlights, single Pilot-Ray, rumble seat, horsehair covered luggage trunk. – Sound older paint with various small chips and cracks. Hood corner bumpers missing. Failing windshield frame chrome. Sound upholstery but torn top corner. Good chrome. Orderly aged engine compartment with rust along the cylinder head joint. Good older restored chassis. A reasonable car for touring with some straightforward needs that need attention before it is the proudly driven and toured car it deserves to be. – Bid to $85,000 at Bonhams Quail Lodge auction in 2019, it was time for this handsome Auburn to go away and the new owner got a solid if aged and neglected car for a modest price that fully depreciates it for its condition and the restoration’s age.

Lot # F109 1949 MG YT Tourer; S/N PAGT428201; Green/Light Brown vinyl; Tan cloth top; Older restoration 3 condition; No Reserve; Hammered Sold at $12,000 plus commission of 10.00%; Final Price $13,200. – 1,250/54hp, steel wheels with hubcaps, wood dash, side curtains, single wing mirror, badge bar. – Restored in the late 1980s then placed in a private museum. Small dent in the right headlight. The paint is showing its age, plus some orange peel and a few scratches. Tidy underneath. Excellent interior. Better than a driver but not a show car, it’s a very rare MG, slightly more comfortable and luxurious than a T-Series car but no less charming. – For weekend drives and the occasional tour or rally, this is a lot of car for the money and one of the very few cars in Monterey this year that is both truly cheap and usable. It’s also rare enough to stand out at any British car meet, but with a drivetrain lifted straight from the TD roadster, parts are easy to find. A great value.

Lot # F112 1953 Buick Roadmaster Skylark Convertible; S/N CA946907; Matador Red/Red, White very; White vinyl top; Older restoration 3 condition; With Reserve; Hammered Sold at $67,000 plus commission of 10.00%; Final Price $73,700. – 322/180hp, Dynaflow, power steering and brakes, power seat, power windows, chrome wire wheels, wide whitewalls, pushbutton radio. – Good older paint and chrome. Erratic panel fits and gaps. Lightly soiled upholstery, tight fitting bright white top. Clean underbody. Edges and corners chipped. – A 1953 Skylark is an intrinsically rare and valuable car but this is far from being a desirable car even though its older restoration is holding up well. That said, it brought an entirely realistic price.

Lot # F113 1970 Cord Royale Convertible; S/N 069R1056C; Red/Red and Black leather; Black top; Enthusiast restoration 3- condition; No Reserve; Hammered Sold at $10,000 plus commission of 10.00%; Final Price $11,000. – 440 Chrysler engine, air conditioning, Cragar wheels, newer-looking seats, woodrim steering wheel, wood dash. – The paint has a number of filled chips on the front. The brightwork is old and tarnished. The engine compartment has been cleaned up and the engine repainted. The seats are newer but the dash is aged and chrome accents have peeled. A disappointing example from Cord’s unsuccessful 1968-70 revival. – No one will be particularly proud driving this Cord Royale and the consignor should be pleased to find someone willing to pay this much for it

Lot # F133 1973 Lotus Europa Twin Cam Coupe; S/N 73063679R; Red, Yellow, Orange, Blue/Blue cloth; Estimate $90,000 – $100,000; Competition restoration 2- condition; With Reserve; Not sold at Hammer bid of $22,000. – 1600-cc engine with Cosworth BDA block, dual Webers, Hewland 5-speed, dry sump, Porsche 914-sourced rear fenders, Triumph GT6 front brakes, Stewart Warner gauges. – Competition restored to appropriate standards and raced just twice since. Started out as a JPS Twin Cam road car, then built up to IMSA GTU specs and finished 39th at Daytona. An also-ran in terms of its history, but it has been put back to its former glory, it’s very cool, and it recalls the glory days of IMSA when all sorts of cars competed. – The appeal of this car is limited, but the reported high bid here isn’t even worth the sum of its parts and would barely buy a good Europa Twin Cam road car these days. The consignor will have an easier time selling it at another venue for significantly more.

Lot # F140 1988 Jeep Grand Wagoneer Station Wagon 4×4; S/N 1JCNJ15U4JT100329; Burgundy Pearl, Woodgrain/Beige leather, plaid cloth; Recent restoration 2 condition; With Reserve; Hammered Sold at $65,000 plus commission of 10.00%; Final Price $71,500. – 360/144hp, automatic, fog lights, narrow whitewalls, roof rack, aftermarket fuel injection, back-up camera, later CD stereo. – Represented with 55,316 original miles, and restored with some mild, tasteful deviations from stock like the paint and fuel injection. The bumpers are a little dull but the paint and woodgrain look great. Very good interior with new dash. The wheels look brand new, and the underbody looks recently detailed. A very well-presented Grand Wagoneer. – The Jeep Grand Wagoneer is bulky, underpowered, inefficient and often unreliable, but it has an unmistakable look and a buttery smooth ride that have endeared it to fans of vintage trucks and SUVs. Prices for clean ones have gotten so high that people have sunk serious money into their Grand Wagoneers, and at auction they are often rewarded for their efforts. Over 70 grand for one would have been a laughably high number five years ago. It’s still a massive price today but not uniquely massive, and still quite a bit less than the all-new Grand Wagoneer that Jeep just reintroduced.

Lot # S45 1967 BMW 2000 C 2-Dr. Sedan; S/N 1000405; White/Dark Blue vinyl; Estimate $45,000 – $60,000; Enthusiast restoration 2- condition; No Reserve; Hammered Sold at $27,000 plus commission of 10.00%; Final Price $29,700. – 1,990/113hp, automatic, hub caps, two Talbot Berlin wing mirrors, wood dash, power windows, Blaupunkt pushbutton radio. – Not much history represented but a lovely car. Old, possibly original chrome but it’s presentable. A few chips in the paint but the finish is quality. The windshield is delaminating at a few edges. Maintained and partially restored underneath. Very good interior that looks restored other than the switchgear and metal trim. Slightly better than average driver quality, and a neat 2000 C from before BMW was a household name in America. – An unusual model in remarkably good condition for its age. It promises to be well-received at BMW events and is bought reasonably in this transaction.

Lot # S57 1935 Ford Model 48 Standard Station Wagon; S/N 4B7901737; Black, Wood/Brown leather; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $45,000 plus commission of 10.00%; Final Price $49,500. – Flathead V-8, dual horns, red wire wheels with hub caps and trim rings, rear-mounted spare, three-row seating. California black plate car – Older repaint with some nicks and chips along the hood edge. The rear doors do not close fully. The finish to the wood is poor overall and has worn through in multiple areas, there are multiple, noticeable cracks in the wood and the joints are clearly visible. The engine compartment is aged but tidy, and so is the underbody. The upholstery is very good other than the steering wheel, which has cracks, and some of the knobs are worn. An interesting woody, however it will require substantial financial investment to fix the wood properly. Hopefully the new owner knows what they are getting into. – A charming car with the added bonus of being practical and useful around a collection or shop. It shows a little more wear and tear than it did in 2008 when we saw it sell for $77,000 at RM Monterey. This price is indicative of both that extra wear and tear and a waning general interest in old woodies over the past 13 years.

Lot # S58 1960 Lancia Flaminia GT Convertible, Body by Touring; S/N 824041157; Silver/White leather; Enthusiast restoration 3 condition; No Reserve; Hammered Sold at $65,000 plus commission of 10.00%; Final Price $71,500. – 2,458/140hp V-6, 4-speed, hub caps and trim rings, Pirelli tires, cloth boot cover, woodrim steering wheel, Jaeger gauges. – Not much history represented but good paint other than a large crack on the hood. Clean, shiny bumpers but the taillight bezels are pitted. Worn, lightly cracked leather and smudged carpets. Aged original dash and dry wood on the steering wheel. Clean restored wheels. A bit dirty underneath but no serious issues apparent. A driver-quality example of a rare, attractive Touring-bodied soft top Lancia. – Sold by RM here in Monterey two years ago for $86,800. There is no reason for it to be worth less today than it was then, except lack of appreciation for its style, rarity and performance here at Mecum. The consignor took a risk with a No Reserve consignment, probably hoping to ignite a bidding contest, no the bait wasn’t taken and this result is a very good value in a quality Lancia covertible that should have brought at least $30,000 more.

Lot # S68 2005 Saleen S7 Twin Turbo Coupe; S/N 1S9SB18185S000062; Lizstick Red/Black; Estimate $850,000 – $1,000,000; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $650,000. – 427/750hp, 6-speed, Pirelli P Zero tires, power windows, GPS nav. – One of just 14 Twin Turbo models. Just 755 miles and like-new. A very rare, barely driven home-grown exotic supercar. – Still one of the fastest cars on the road and with looks and rarity on its side, this S7 twin-turbo sold at the RM Sotheby’s Monterey sale two years ago for $643,000 and others have sold in recent years in the $600,000 range as well. A rarer, faster LM-spec S7 brought $1,022,500 the day before this one crossed the block, but buyer premium at the reported high bid here would have bumped it over $700k, an ample number for this car.

Lot # S69 2004 Porsche Carrera GT Coupe; S/N WP0CA29804L001183; GT Silver/Black leather; Estimate $900,000 – $1,000,000; Unrestored original 2 condition; With Reserve; Hammered Sold at $1,100,000 plus commission of 10.00%; Final Price $1,210,000. – 5,733/605hp, yellow calipers, Michelin Pilot Super Sport tires. – Sold new in Hawaii. Represented with 3,570 miles and no wear or age to speak of other than mild wear on the driver’s seat. – We saw this Porsche here five years ago over at the RM sale. It’s in the same great condition, just showing 33 more miles. But even though the car looks the same, the market doesn’t. It sold for $649,000 in 2016 and nearly double that amount in 2021. These were $450,000 cars when they were new, but as performance cars have gotten more and more computerized, collectors are recognizing Carrera GTs as some of the last analog hypercars we’ll ever see. The previous high watermark for a Carrera GT was a 265-mile paint-to-sample car that RM sold in Monterey two years ago for $1,193,000. This car just eclipsed it.

Lot # S78 1966 Ferrari 275 GTB/6C Berlinetta, Body by Pininfarina-Scaglietti; S/N 08431; Giallo Fly/Black leather; Estimate $2,550,000 – $2,900,000; Visually maintained, largely original 3+ condition; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000. – 3,286/280hp, 5-speed, Heuer Monte Carlo timer, chrome spoke Borrani wire wheels, Michelin XWX tires, covered headlights. – Fair original paint with touch up and infill over the years. Chipped hood edge, in front of the driver’s door, one good sized nose stone chip. Orderly, clean engine compartment and underbody. Good claimed original upholstery. Scuffed sill trim chrome and poorly finished sill paint under it. Stress cracked area on the front of the driver’s door. A well-maintained driver quality Ferrari showing 21,339 believable miles and represented to have its original engine. – There were two 275GTB/6Cs in the Monterey auctions, this largely original and well-preserved example and RM’s ex-Le Mans, alloy (re-)bodied, exceptionally restored and competition prepared 09079. This one is $5,065,000 less than 07079 and both are solid values for what they are although it’s worth considering seriously that three of these could be bought for what changed hands in the 09079 transaction. That reflects the value of race history although in terms of bangs for the buck this car offers a lot of performance, precious originality and exclusivity. It last sold at RM’s Arizona auction in 2017 for $2,117,500 where it showed 21,319 miles, just 20 fewer miles than it does here, and, unlike 09079, it is lefthand drive and more adaptable to road use. It is a sound value.

Lot # S81 2003 Aston Martin DB AR1 Convertible, Body by Zagato; S/N SCFAE62383K800037; Tungsten Silver/Light Tan leather; Unrestored original 2- condition; With Reserve; Not sold at Hammer bid of $220,000. – 5,935/420hp, 6-speed manual, Brembo brakes with red calipers, alloy wheels, diamond-stitched leather seats, wood dash and window trim. – Number 37 of 99 produced. Represented with 966 miles. Other than some light wear to the driver’s seat outer bolster, it shows almost no use or age. – The DB AR1 Zagato is clearly a rare car with just 99 built, but the model a semi-regular sight at collector car auctions and that is partly thanks to this car. It sold at Barrett-Jackson Scottsdale 2005 for a then-record $248,400, then at RM Arizona 2017 for $379,500 and at Gooding Pebble Beach the following year for $275,000. Chasing that 2017 high is likely an unrealistic pursuit for the consignor. Interest in these cars seems to have cooled off, perhaps as people began to recognize their impracticality or been distracted by similarly impractical rare exotics. The reported high bid here in 2021 was modest but realistic.

Lot # S87 1956 Austin-Healey 100/M BN2 Le Mans Roadster; S/N BN2L230735; Black, Reno Red/Reno Red; Black vinyl top; Estimate $200,000 – $250,000; Older restoration 2 condition; With Reserve; Not sold at Hammer bid of $170,000. – 2,660/110hp, 4-speed, overdrive, wire wheels, Michelin XZX tires, Lucas driving lights, woodrim steering wheel, heater. – Represented as a factory-built M car. Restored by Forever Healey in Idaho. Shown at the Quail in 2015. The driving lights are a little crooked. Very good paint and chrome. The doors stick out very slightly at the bottom. Very clean wheels and tires. Detailed underneath. Spotless, show-quality interior. A showable car but not overdone. – Healey 100Ms are easy enough to clone and in period the M equipment was available as a dealer kit, making this one’s factory M status a big draw. A $170k high bid ($187k with buyer premium) is a reasonable number for this one, but the seller here undoubtedly had their eye on the other, slightly less clean 100M over at Bonhams. With the Bonhams car selling for $179,200 the day before, it was tempting to hold out for more money at Mecum although trying to squeeze the last bid out of this crowd is always fraught with the risk it won’t be repeated. $170K was a reasonable offer.

Lot # S92 1967 Shelby Cobra 427 S/C Roadster; S/N CSX3045; Bright Blue, White stripes/Black leather; Estimate $2,800,000 – $3,000,000; Competition restoration 2- condition; With Reserve; Hammered Sold at $2,600,000 plus commission of 10.00%; Final Price $2,860,000. – 427/485hp, 4-speed, side exhausts, Halibrand 6-spoke centerlock alloy wheels, Radial T/A tires, chrome paperback rollbar, wind wings, quick jack pickups. – A Shelby American built S/C, one of 29 built. Excellent paint, chrome and interior showing some age since it was done. Restored like new for John Mozart in the late 80’s with several SAAC awards subsequently. Represented as 19,053 miles from new and a history unblemished by crashes and burnished by period racing history. – RM has made a good living out of selling this S/C, getting $1,430,000 for it at Arizona in 2007, $2,007,500 at Arizona in 2013 and $2,117,500 at Amelia in 2015, over $500,000 in buyer’s premium alone. But factory S/Cs are rare indeed and the well-informed buyer who secured it here was thrilled with the car and the price.

Lot # S95 1936 Delahaye 135 Competition Court Coupe, Body by Figoni & Falaschi; S/N 47242; Black, Metallic Grey accent/Red leather, ostrich inserts; Estimate $5,000,000 – $6,000,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $4,000,000. – RHD. 3,557/160hp, triple carburetors, 4-speed, removable roof panel, chrome wire wheels, opening windshield, Marchal head and fog lights, skirts, blackwall Michelin tires, chrome wire wheels, Michelin blackwalls, Marchal head and fog lights, trafficators, dual fuel filler tank, oil cooler. – Excellent older cosmetic restoration with sharp paint, engine and interior. Weak exterior aluminum trim. The balance is well-preserved and largely original, an unusual combination of cosmetic (and mechanical) restoration with sympathetic preservation. Engine is the proper competition configuration, but was not with the car when found. – This is quite some car, an elegant Figoni & Falaschi fully-equipped teardrop style coupe on the short wheelbase competition chassis. It has had a busy show career including Pebble Beach in 2001 but now is starting to show the restoration’s age. It sold for $2,420,000 at RM’s New York auction in 2013 and it is reasonable to wonder if it wasn’t here just to entertain the spectators at its location just inside the main gate.

Lot # S96 1961 Ferrari 250 GT Coupe, Body by Pininfarina; S/N 1659GT; Silver/Black leather; Estimate $600,000 – $650,000; Older restoration 3+ condition; Not sold at Hammer bid of $425,000. – 2,953/240hp, 4-speed, overdrive, chrome spoke Borrani wire wheels, Michelin tires, Becker Grand Prix radio, Marchal fog lights, disc brakes. – Represented as the original engine. Very good older repaint, interior and chrome. Hood doesn’t close flush. Orderly older restored chassis and underbody. Passenger’s door window has sander swirl and paint shrinkage on the post, inexcusable on a car of this caliber. – With an estimate like this $600-$650,000 whopper this Pf Coupe is destined to be on the block many times before it’s sold. It was a cosmetically maintained, largely original example back in 2002 when it brought a high bid of $42,500 at RM’s sale in Novi, Michigan. Russo had it here in Monterey in 2017 where it brought a reported high bid of $430,000 and if there had been money anywhere close at the time the then-consignor should have kicked himself all the way to Santa Cruz. The consignor here doesn’t have to go that far, maybe to Moss Landing.

Lot # S100 1972 Ferrari 365 GTS/4 Daytona Spider, Body by Pininfarina-Scaglietti; S/N 16573; Marrone Colorado/Tan leather, Black bars; Brown cloth top; Estimate $2,500,000 – $3,000,000; Older restoration 2 condition; Not sold at Hammer bid of $2,300,000. – 4,390/352hp, chrome spoke Borrani RW 4075 wire wheels, Michelin XWX tires, Audiovox AM-FM, Veglia air conditioning, leather rim steering wheel, painted nose panel, popup lights, lots of documentation, manuals, complete tool kit, thoroughly documented with the original bill of sale, SEFAC delivery and import paper and a Massini Report. – FCA multi-Platinum winner with flawless paint, chrome and upholstery, a 2009 Motion Products restoration. The underbody is restored like new and a little dusty. The engine compartment is nearly like new aside from some oxidation of unpainted surfaces. – 61 miles have been added to the odometer since this Daytona Spider was offered at Mecum’s Kissimmee auction in 2020 where it was reported bid to an intelligent $2.2 million. Neither is it materially different from when Bonhams offered it at Quail Lodge in 2017 (with 69 fewer miles) where it no-saled at a bid of $2.1 million. The reported bids are nudging upwards by tiny increments but the Spider is going nowhere soon at this rate.

Lot # S102 1965 Shelby Mustang GT350R Fastback; S/N SFM5R538; White, Blue stripes, Orange front apron/Black vinyl; Estimate $1,250,000 – $1,500,000; Competition restoration 2 condition; With Reserve; Hammered Sold at $1,150,000 plus commission of 10.00%; Final Price $1,265,000. – 289/306hp, 4-speed, Comp T/A tires, side exhaust, woodrim steering wheel, fire bottle. – One of 34 production GT350 Rs. Won an SCCA regional title with Roger West then won 17 races in a row in 1968-69 with Charlie Kemp driving. Kemp won a total of 32 races out of 54 entered through 1971. Also clocked at 184 mph at Daytona, represented as the highest known speed for any 289-powered Shelby, Cobras included. Restoration finished last year and done just right to race standards, fresh but not overdone and extensively documented. – Lauded as the “winningest Shelby ever,” this car was the better of the two GT350Rs offered in Monterey this year and would be a highlight of any race car or Shelby collection. It sold for $984,500 at RM Amelia 2014 but has gotten a sympathetic restoration since then and the market for classic Shelbys, especially significant ones, has only grown over the past seven years. There are few true million-dollar Mustangs, and this is one of them.

Lot # S103 2017 Lamborghini Centenario LP770-4 Roadster; S/N ZHWUZ5ZD3HLA06826; Blue Cepheus, Blue Hera, bare carbon fiber, silver/Black leather and suede piped in Blue; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $1,700,000. – 6,498/770hp, 7-speed paddle shift, carbon fiber wheels, P Zero tires, carbon interior trim. – One of 20 worldwide and nine for North America. Based on the Aventador and built to commemorate Ferruccio Lamborghini’s 100th birthday. 863 miles and like new. – A very rare car with appropriately outrageous look-at-me colors and features, it will almost surely be a highly sought after Lamborghini in the future it still apparently hasn’t been immune from depreciation and sits below its original $2M price. It was also a $1.6M no-sale at Gooding Amelia last year.

Lot # S105 2004 Ford Shelby Cobra Concept Roadster; S/N 002003SHELBYCOBRA; Silver, Light Silver stripes/Blue leather; Estimate $1,500,000 – $2,000,000; Recent restoration 2- condition; With Reserve; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000. – 6.4/605hp aluminum V-10, 6-speed, aluminum spaceframe, Ford GT suspension, Brembo cross-drilled brakes, BBS wheels, Sparco seats and harnesses. – Used for emissions testing. The only fully functioning prototype built during “Project Daisy,” a revived Cobra that never made it to production. Restored to running condition while with its only private owner. Shown at Amelia Island and featured on Jay Leno’s Garage. Some chips and light wear here and there, but with this car it’s all about the history and uniqueness. – It’s also seriously ugly with cross-eyed headlights and a body shape that has not a single attractive contour. It looks like it came out of a novice home builder’s garage. For a concept and design that went nowhere except to the 2004 Detroit Auto Show this is a thrilling price.

Lot # S106 2011 Ferrari SA Aperta Spider; S/N ZFF72RHA8B0177989; Rosso Fuoco, Silver roof/Nero leather, Red stitching; Unrestored original 2 condition; With Reserve; Hammered Sold at $900,000 plus commission of 10.00%; Final Price $990,000. – 5,999/661hp, Pirelli tires. – One of 80 built to commemorate Pininfarina’s 80th birthday. 4,355 miles and still like new. – Reported sold for $880,000 at Mecum Indy only a few months ago, but found a more Ferrari-heavy audience in Monterey. The 599 SA Aperta is already a highly sought after modern Ferrari with values having eclipsed their original prices long ago. RM sold another example the day before for $1.1M, and the difference was down to lower miles and a more interesting color on the RM car.

Lot # S108 2006 Ford GT Coupe; S/N 1FAFP90SX6Y401776; Titanium, Silver stripes/Black leather; Estimate $475,000 – $575,000; Unrestored original 2 condition; Hammered Sold at $400,000 plus commission of 10.00%; Final Price $440,000. – Four options. – Still in the wrapper, 4 miles. – The lowest mileage Ford GT on the Monterey peninsula this Car Week, offered with all the available options still factory-wrapped but still less than three of its counterparts. This is a generous price for a car that will probably never turn a wheel under its own power lest the odometer be engaged and, heaven forbid, wind up to two digits.

Lot # S110 1963 Ferrari 250 GT/L Lusso Berlinetta, Body by Pininfarina-Scaglietti; S/N 4513; Engine # 4467; Black/Natural leather; Estimate $1,400,000 – $1,600,000; Older restoration 2- condition; With Reserve; Hammered Sold at $1,600,000 plus commission of 10.00%; Final Price $1,760,000. – 2,953/240hp, 4-speed, chrome spoke Borrani wire wheels, Pirelli tires, Marchal headlights and fog lights. Engine internal number 14429/62E. – Good repaint and interior. Chipped right front wheel arch edge. Good chrome. The engine compartment is orderly but dusty and showing age. Ferrari Classiche Red Book certified although the engine number indicates a swap. – This result for an engine-swapped Lusso with some use and age is even more extraordinary than the $1,875,000 achieved by RM for the Paul Andrews Lusso on Thursday. The price performance of these two cars implies the decline in Lusso values over the past three years has now turned into a dip on the value curve that is beginning to recover.

 

Lot # S112 1965 Ferrari 500 Superfast SI Coupe, Body by Pininfarina; S/N 6305; Black/Natural leather; Estimate $2,000,000 – $2,500,000; Older restoration 2- condition; With Reserve; Hammered Sold at $1,704,545 plus commission of 10.00%; Final Price $1,875,000. – 4,963/400hp, 5-speed, Borrani wire wheels, Michelin XWX tires, Ansa exhaust, wood dash and console trim, woodrim steering wheel, power windows, AM/FM pushbutton radio, Talbot Berlin mirrors. – The 15th of 36 built. Classiche Red Book certification. Bought new by Count Guido Monzino. Represented with matching numbers rebuilt engine. The paint and chrome are starting to show their age but not any serious flaws. Some dirt and grime in the wheel spokes. Very good interior. Not a show car but nothing is wrong with this Superfast, and it is one of the most desirable large classic Ferrari gran turismos. – Hammered not sold at a $1.7M high bid on the block but announced sold a couple of days later with this result. The new owner faces the pleasing opportunity to drive it for several years before plunging into the daunting and expensive task of restoring it, but it is too good and too intriguing to set off down the restoration road before putting many more exciting kilometers on the odometer.

Lot # S119 1973 Ferrari 246 GTS Dino Spider; S/N 05848; Black, Black roof panel/Black leather, Red bars; Estimate $450,000 – $500,000; Older restoration 2- condition; Hammered Sold at $425,000 plus commission of 10.00%; Final Price $467,500. – 2,419/195hp, 5-speed, Prototipo leather rim steering wheel, Blaupunkt AM-FM, Borletti air conditioning, Cromodoro alloy wheels, Michelin Defender tires, covered headlights, power windows. – Orderly lightly oily engine compartment. Very good paint and interior. Crisp, clear gauges. Clean restored underbody. Represented as 21,087 miles from new and well-treated and restored. – A rather magnanimous result for a sound and presentable Dino GTS with modest miles from new, but consistent with recent transactions for this model.

Lot # S119.1 1957 Dual-Ghia Hemi Convertible; S/N 141; Maroon/Beige leather piped in Maroon; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $325,000. – 315/260hp Hemi, Powerflite automatic, power steering and brakes, wire wheels with whitewall tires, Town and Country radio. – Very good paint and body with straight lines and consistent panel gaps. The brightwork is excellent and is undamaged. The engine compartment shows some aging since restoration and could use a light detail/ The same goes for the underbody. The seats have minor wear, but the rest of the interior is very good. A very attractive Dual-Ghia that has been very well restored and sparingly enjoyed. – Wherever the consignor was going with expectations for this Dual-Ghia the bidders were having no part of it. The reported high bid is realistic and reasonable for its configuration and the restoration’s age.

Lot # S120.1 2009 Ferrari F430 16M Scuderia Spyder, Body by Pininfarina-Scaglietti; S/N ZFFKW66AX90166910; Metallic Black, White, Red, Green stripe/Cognac leather; Black cloth top; Unrestored original 2 condition; Hammered Sold at $285,000 plus commission of 10.00%; Final Price $313,500. – 4,308/510hp, automanual, carbon fiber mirrors, sills, interior trim, satin gunmetal 10-spoke wheels, Michelin Pilot Sport Cup 2 tires, red calipers, carbon ceramic brakes, SF shields, factory accessories. Assembly number 84566. – Represented as 5,857 miles. Unblemished except for the folding scuffed rear window. Good tires. – Low miles and excellent condition plus a few extra horsepower over a regular 488 in front of the paddle shift gearbox. This is a representative price and a sound value.

Lot # S122 2020 Ferrari 488 Pista Berlinetta; S/N ZFF90HLA9L0249820; Rosso Scuderia/Red leather, Black inserts; Estimate $500,000 – $600,000; Unrestored original 2 condition; Hammered Sold at $500,000 plus commission of 10.00%; Final Price $550,000. – 3,902/711 twin turbocharged V-8, 7-speed automanual, carbon ceramic brakes, body color calipers, carbon fibre aero and body details, manettino steering wheel, climate control, rear parking sensors, carbon fiber wheels, Michelin Pilot Sport tires, books and manuals. – 497 miles and unblemished. – The laundry list of options on this 488 Pista probably added enough to the original MSRP to buy a new Corvette, but now it’s yesterday’s Ferrari and the consignor apparently wanted out no matter what, taking a big discount from current asking prices but perhaps showing the way things are going.

Lot # S123.1 1960 AC Aceca Coupe; S/N AXE732; Engine # CLB2415; Red/Black leather; Estimate $125,000 – $175,000; Enthusiast restoration 3- condition; With Reserve; Hammered Sold at $87,500 plus commission of 10.00%; Final Price $96,250. – 1,991/102hp AC engine, 4-speed, painted wire wheels, Michelin X tires, wood interior trim. – Delivered new in Virginia. Represented with an extensive service in 2019 but no other history. Thick old repaint with several cracks, chips, and touch ups. The doors stick out at the bottom. Hammer marks on the wheels. A little grimy underneath. Dry weather stripping. Decent interior. Acecas are beautiful cars and quite collectible even with the base 90-hp AC engine, but this one hasn’t led a pampered life and needs at least a refresh of the paint to be anything but a very casual driver. – And this price leaves the new owner with room in the budget to bring the Aceca up to higher standards.

Lot # S134 1963 Studebaker Avanti Coupe; S/N 63R2552; Red/Red leather; Modified restoration 2 condition; With Reserve; Hammered Sold at $55,000 plus commission of 10.00%; Final Price $60,500. – Originally an R1 upgraded to R3 specification (289 bored over to 304 cid and fitted with Paxton blower), automatic, power brakes, hubcaps, AM radio. – Restored in the late 2000s and shown to a few concours class wins. Very good paint. The trunk lid is slightly out of alignment, as is the driver door. The engine compartment is clean and shows little use, and the underbody is excellent. The interior is very good and the driver seat shows minimal wear. A very pretty example upgraded to the more desirable R3 spec. – This car was a $48,000 no-sale at the Bonhams “Quail Lodge” sale last year. That number seemed about right for a tastefully modified Avanti, but it found a much more receptive audience at the actual in-person Monterey auctions this year. Just nine Avantis left Studebaker with the R3 engine, so a real R3 is nearly impossible to find (unless you’re Dave Kinney.) The Monterey bidders were willing to put up the premium for this car’s R3 equipment even though it left the factory with an unsupercharged 289.

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