Mecum Auctions, Monterey, August 15-17, 2024

Mecum Auctions has firmly cemented its presence among the Monterey Week auction titans.

It’s a different auction from RM and Gooding although with some notable exceptions Mecum has left Bonhams well-established Quail Lodge sale in its dust, particularly in 2024.

Mecum Monterey has expanded its docket into seven figures with 24 lots bid into the million dollar range this year. Mecum isn’t consistently closing them, however, with only ten lots sold on hammer bids >$1 million and $27,500,00 in total changing hands, but that is a little more than half of the entire sale total from only ten lots.

But 7-figure cars aren’t Mecum’s forte. The median sale here was just $52,500 (a 1965 Mustang convertible described here), lower this year than last and in 2022. Mecum is the outlet for ordinary people, those with $50,000 or $75,000 to spend on realizing a dream. A spectator one day ticket costs $30, kids under 12 come free.

Browse the cars, think about the possibilities, remember your dreams. Dana Mecum has financing on-site and observed to me years ago, “If you can fog a mirror, you can get a bidder number.” That is an exaggeration and it may be harder in 2024, but it is still an open and enthusiastic marketplace with Jim Landis and his team on the block, hyper ring people winding up the crowd and a circus atmosphere.

It’s hard not to get swept up in the action, and all credit to Mecum Auctions for creating a unique presentation among the Monterey Auctions.

Here are the numbers:

Year Cars Sold/ Offered Sale % Average Sale Median Sale Total $
2024 280/495 56.6% $189,496 $52,500

[27.7%]

$53,058,925
2023 322/582 55.3% $134,848 66,000

[48.9%]

$43,420,960
2022 293/454 64.5% $179,448 $58,300

[32.5%]

$52,578,321

Andrew Newton, Greg Ingold and I described 69 of the 495 lot docket, 13.9%. It wouldn’t be inappropriate to spend all Monterey Week at Mecum if only to sample a cross-section of auction cars not reflected elsewhere on the Monterey peninsula.

These observations are sorted by auction day and lot number.


Lot # T17 1959 Austin-Healey Sprite Mk I Bugeye Convertible; S/N AN5L13269; Green/Black; Modified for competition during restoration 2- condition; With Reserve; Not sold at Hammer bid of $28,000. – 1,380/120hp, Weber carb, Datsun 5-speed with lightened flywheel, aluminum radiator, LED lights, limited-slip, Speedwell suspension bits, Magnaflow intake and exhaust manifolds, four wheel discs with slotted and drilled front rotors, Minilite-style wheels, front roll bar, aftermarket gauges, dual mirrors. – A sweet little Bugeye hot rod with a ton of money and time put into making it quick. Good paint. The front signal lenses are dirty and loose, and the left rear bumper eye has a chip in it. Very good interior. Clean underneath. Tastefully modified, deceptively quick, and surely lots of fun. – The reported high bid is certainly a bit high for the condition, but given all the desirable upgrades and go-fast bits under the skin, you couldn’t duplicate this car for the money offered and the consignor could understandably have expected a bit more.

Lot # T25 1972 Mercury Capri Coupe; S/N GAECMC09592; Red/Black vinyl with Red stitching; Recent restoration 2- condition; With Reserve; Hammered Sold at $22,000 plus commission of 10.00%; Final Price $24,200. – 2,550/107hp, 4-speed, Michelin Defender tires, original window sticker documented. – Sold new in the Bay Area, raced in period at SCCA events at Laguna Seca and Sears Point. Restored to road car configuration about 200 miles ago. Clean bumpers and good paint that shows mild age and swirling. The back rocker trim on the right side is loose. Dull window frames. Clean interior that looks fully restored. Tidy underneath. When was the last time you saw a clean Capri? – Raced when new, or at least early in its life, then for some inexplicable reason restored in stock configuration entailing a great deal of effort and scrounging rare parts from a variety of sources. Even more remarkable, it was returned to nearly like new condition and was so impressive it brought a concours-quality price. Or maybe it was just the bidders’ way of rewarding a Herculean effort with a pecuniary “Atta boy”.

Lot # T83 1966 Porsche 912 Coupe; S/N 455810; Tahiti Tan/Black; Unrestored original 3 condition; With Reserve; Not sold at Hammer bid of $55,000. – 1,582/90hp, 4-speed, Continental tires, Blaupunkt AM/FM radio, tool kit. – Original, unrestored California car. The paint is cracked, crazed and scratched on many surfaces but it has that faded California patina look down perfect. The wheels and tires both look nearly new. The interior looks great as well with only mildly faded gauges and worn seats and carpets. The engine looks like it has been recently serviced and cleaned up and the underbody is clean also. Far too good to restore and a truly impressive level of preservation, especially for a less valuable 912 that was more likely to get used up and neglected. – This car could have sold at the reported high bid, which reflected a modest but real premium for its originality without getting carried away. Sometimes bidders do go crazy and throw a ton of money at an original car, but you can’t count on it and $55K was a fair offer.

Lot # T133 1933 LaSalle Series 345-C Town Coupe Custom, Body by Fisher; S/N 2BGR0708702002851; Surf Blue/Blue cloth; Customized restoration 2 condition; With Reserve; Not sold at Hammer bid of $47,000. – Modern Cadillac 472/375hp V-8, Weber 2-barrel carburetor, Turbo 400 automatic transmission, disc brakes all around, 12-volt electrics, dual side mounts, wide whitewall tires, Lokar shifter, air conditioning, alternator. – Older modified restoration that still presents extremely well. Running board looks like it is coming loose, otherwise the car is hard to fault. Paint, brightwork and interior all still look fresh. – A neat concept and done to consistently high standards, the mixture of LaSalle and a 472 Cadillac ohv V-8 on a modern suspension is charmingly consistent. The concept and execution is original and deserves attention from collectors with a sense of style and an appreciation of performance. They weren’t here today.

Lot # T143 1977 Toyota Celica GT Liftback; S/N RA29100437; Tan/Tan vinyl; Visually maintained, largely original 3+ condition; With Reserve; Hammered Sold at $25,000 plus commission of 10.00%; Final Price $27,500. – 1,967/97hp, 5-speed, original Sylvania fog lights, rear window slats, factory cassette, factory air conditioning. – Sold new in Washington and represented as a one-owner car. Beautiful restored wheels. Decent paint and brightwork. A couple of pieces of the body side trim are missing. The interior looks pretty great other than a large chunk of plastic missing from the console trim. Showing 22,103 miles that are represented as actual, and although it certainly isn’t perfect, it has to be one of the nicest `77 Celicas anywhere. – With its mini-muscle-car styling and decent range of four-cylinder engines, the Celica was the first properly sporty Toyota sold in significant numbers in this country, and it was the first Toyota dubbed a “liftback” in 1973. Like a lot of cheap, fun Japanese cars from the 1970s, though, there are barely any clean ones left. That’s why this one sold for so much money. This price could just about buy you a faster, better-looking and more significant (but easier to find) Datsun 240Z. This result is all about the originality premium.

Lot # T194 1967 Jaguar 420 G 4-Dr. Sedan; S/N G1D77111BW; Green, White/Green leather; Visually maintained, largely original 4+ condition; With Reserve; Hammered Sold at $7,000 plus commission of 10.00%; Final Price $7,700. – 4,235/265hp, automatic, hub caps and trim rings, narrow whitewalls, dual wing mirrors, Motorola radio, power windows, rear seat tables. – Dull chrome and tired, chipped paint. Old tires and surface rust on the edges of the wheels. Interior is much better, with sound wood and leather but faded carpets. Unrestored and oxidized underneath. Some paint bubbling at the bottoms of the doors. A possibly straightforward project that would be a beautiful Jag when done. – The Jaguar 420 G, formerly known as the Mk X, is a seriously handsome car, and not a common sight in this country. Unfortunately this one has seen better days but hopefully the new owner cleans it up and gives it the attention it deserves, because at this price they aren’t very deep into it yet.

Lot # T213.1 1972 Datsun 240Z Coupe; S/N HLS3055491; Orange/Black; Visually maintained, largely original 3- condition; With Reserve; Hammered Sold at $27,500 plus commission of 10.00%; Final Price $30,250. – 2,393/151hp, 4-speed, original pushbutton radio, jack and tools. – Cosmetic redo finished earlier this year. Grubby but complete, maintained, and correct engine bay. Decent paint but the wheels and brightwork are all original and aged. Dull taillights and rear trim. Original dash, steering wheel, and switchgear, but upholstery looks newer. Small dent in the driver’s door. The car card says the cosmetic restoration took two years, but I’m not sure what took so long unless they waited 23 months for paint, because otherwise this mostly solid car hasn’t had much done to it. – Either way, it’s still a solid enough Z-car to drive and enjoy, and in the end it’s a driver-quality car that brought driver money. There seems to be an endless supply of Datsun Zs sitting alongside carports in inland California bleaching out and this is typical of the superficial treatment they get, the prices they bring and what they’re worth.


Lot # F17 2003 Chevrolet Corvette 50th Anniversary Convertible; S/N 1G1YY32G435133562; Anniversary Red/Shale leather; Estimate $25,000 – $35,000; Unrestored original 3+ condition; No Reserve; Hammered Sold at $28,000 plus commission of 10.00%; Final Price $30,800. – 346/350hp, automatic, F55 magnetic selective ride control, 3.15 performance ratio, 12-disc CD changer. Sticker price of $57,480. – Represented as single owner. Some paint bubbling on front bumper and some chips at the rear. Both the seats and the steering wheel show more wear than expected given the 10,380 miles showing. – These anniversary cars aren’t particularly rare but they do command a decent premium, and this price is right-on for the mileage.

Lot # F20 1967 Triumph TR4A Roadster; S/N CTC61656; Red/Black leather; Black vinyl top; Estimate $30,000 – $40,000; Recent restoration 2 condition; With Reserve; Hammered Sold at $33,000 plus commission of 10.00%; Final Price $36,300. – 2,138/104hp, 4-speed with overdrive, Minilite-style wheels, Toyo tires, headlight stone guards, boot cover, banjo steering wheel, European taillights. – Represented as a California car from new. Restoration finished earlier this year. Beautiful paint and chrome. Slightly uneven gaps, and the trim on top of the right front fender is a little loose. New wheels and tires. Very clean engine. The dash is new and gorgeous, though the finish on the wood isn’t exactly factory correct. For a TR4A, which isn’t a particularly valuable sports car, this is a very high quality recent restoration. – This is a lot of money for a Triumph, but the car deserved every penny and arguably could have brought another two or three bids without being expensive.

Lot # F28 2003 Ferrari 360 Spider, Body by Pininfarina-Scaglietti; S/N ZFFYT53A330132994; Rosso Corsa/Black leather; Estimate $225,000 – $250,000; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $180,000. – 3,586/400hp, 6-speed manual, Scuderia shields, Challenge-style grilles, red brake calipers, Daytona-style seats, luggage, tool kit, original window sticker documented. – Represented with 5,028 miles and looks barely used. Glass and seals are all excellent. The paint has mild wear where the top seats. Interior still looks like new except for marks on the driver’s headrest. Serviced last year and submitted for Ferrari Classiche certification. – Accepted to this auction with an ambitious reserve and estimate but bid only to what it deserved for its mileage and condition. It could have been sold without regret at the reported bid.

Lot # F50 1966 Volkswagen Type 2 Samba Microbus, 21-Window; S/N 245141552; Aetna Blue, White/Gray; Recent restoration 2- condition; With Reserve; Not sold at Hammer bid of $40,000. – 1600, 4-speed, white steel wheels with hub caps, store brand tires, dual mirrors, retractable top, Bendix Sapphire radio, dash clock. – Good paint. Some of the brightwork looks newer, some of it older. Inconsistent panel gaps. Light scratches on many of the side windows. Nearly spotless engine bay and gorgeous underbody. The interior looks fully restored and beautiful other than faded original gauges and radio. A solid 21-window with all the charm you’d want from an old Transporter. – It’s unclear what happened here with this lowball high bid. This same Transporter was a $100K no-sale here last year, and there’s no reason for this no to be a six-figure van given what similar ones go for. This reported high bid is so low it is meaningless.

Photo courtesy Mecum Auctions

Lot # F63 1969 Mercedes-Benz 280SE Coupe; S/N 11102412002597; Silver, Black roof/Black leather; Visually maintained, largely original 4+ condition; With Reserve; Hammered Sold at $40,000 plus commission of 10.00%; Final Price $44,000. – 2,778/180hp, automatic, Behr air conditioning, sunroof, color-keyed steel wheels, Champiro VP1 tires. – Rotting seals. Pitted window trim. Small dents on the sunroof. Cracked taillight lens. New leather interior kit. Sun-baked wood dashboard. Underbody is better than expected. An aged car that presents honestly, if nastily, a project. – A price that is entirely, completely and absolutely related only to the inherent appeal of the 220SE, highly regarded as excellent drivers’ cars and widely regarded as the beginning of a new and more advanced generation of Mercedes-Benz. This car needs everything, however, except maybe new upholstery and is either a project or a beater airport car. (“Airport car”: a car that is no nasty it can be left in airport parking with little risk it will be stolen, and won’t be missed if it is adequately insured.)

Lot # F64 1963 Porsche 356B (T6) 1600 Super Cabriolet, Body by Reutter; S/N 158540; Pascha Red/Tan leather; Tan cloth top; Estimate $175,000 – $225,000; Recent restoration 2+ condition; With Reserve; Hammered Sold at $170,000 plus commission of 10.00%; Final Price $187,000. – 1,582/75hp, 4-speed, original AM/FM radio, includes Porsche certificate of authenticity. – Excellent paint and body throughout. The engine compartment appears like new and the interior looks unused, freshly restored and stunning but with a “date code-correct” transmission and big bore engine. – The condition and presentation of this Porsche is so good that it offset, in the opinions of the Mecum Monterey bidders, the replacement engine and transmission. Eyeball appeal counts for a lot, as this result shows.

Lot # F66 1952 Jaguar XK 120 Roadster; S/N 672051; Red/Biscuit leather; Tan cloth top; Older restoration 3+ condition; With Reserve; Not sold at Hammer bid of $75,000. – 3,442/160hp, 4-speed, steel wheels, Pirelli Cinturato tires, fender skirts. – Tidy engine with mild grime and paint blisters on top of the radiator. Good but older paint and chrome. Cloudy steering wheel cap. Lightly worn and discolored leather. Dirty carpets. An XK120 roadster with fender skirts is always a striking car, even in this seldom seen red. It’s a straightforward, lightly enjoyed older restoration that looks to have plenty of life left in it. – Sold at RM Scottsdale way back in 2000 for $44,000 and again there last year at Barrett-Jackson for $86,900. Then, it was an $81,000 no-sale on Bring a Trailer last August. Unless there’s some issue that I’m not aware of, this car should be selling for closer to $100K and the seller has reason to hold out for more.

Lot # F70 1967 Mercedes-Benz 300SE Cabriolet; S/N 11202312009724; Gray Metallic/Tan leather; Black cloth top; Estimate $250,000 – $275,000; Older restoration 2- condition; With Reserve; Hammered Sold at $215,000 plus commission of 10.00%; Final Price $236,500. – 2,996/185hp, alloy engine block, automatic, color-keyed wheel covers, Becker Grand Prix radio, VDO gauges, Behr air conditioning, power windows, power steering. – Restored. Paint is mostly great with only a few blemishes on and around the trunk lid. Bumpers and grille are bright. Window vent chrome starting to pit. Interior is very well done and still feeling fresh. No marks or use apparent. Nicely presented. – Someone British once commented to me that the performance of the 300SE is so disappointing, “it won’t pull the skin off a pudding.” It is, however, built to M-B’s highest standards and is a comfortable, luxurious boulevardier suited to the situation of the film stars cited in the auction description as 300SE owners. However, this is concours money for a competently restored but flawed example. It was offered here a year ago but failed to sell on a reported high bid of $210,000, just $5,000 more than the successful bid this year.

Lot # F74 1970 Chevrolet Corvette Convertible; S/N 194670S409651; Daytona Yellow/Black vinyl; Black vinyl top; Older restoration 3 condition; With Reserve; Not sold at Hammer bid of $42,000. – 350/350hp, 4-speed, power brakes, power steering, 3.36 Positraction rear end, Rally wheels, Radial T/A tires, factory air conditioning, vinyl-covered hard top, AM-FM, power windows – Represented as matching numbers engine and transmission. Mellowed paint has some small chips and crazing throughout, side vents have marks and touch-ups. The pinstriping has wearing in spots. The chrome bumpers are crisp and clean. The headlight covers show wear. Interior is in good shape with only some small cracks on driver’s side armrest. Underbody is clean. A driver. – And 42 grand was plenty to put on the table for a driver-quality 350/350 convertible.

OLYMPUS DIGITAL CAMERA

Lot # F75 1966 Shelby Cobra 427 Roadster; S/N CSX3283; Acrylic Green/Black leather; Estimate $1,500,000 – $1,600,000; Recent restoration 2- condition; With Reserve; Hammered Sold at $1,100,000 plus commission of 10.00%; Final Price $1,210,000. – 427/433hp, dual quads, 4-speed, silver painted centerlock starburst wheels, Avon tires, wind wings, grille and trunk guards. – The original 428 Ford was replaced by a Holman-Moody 427 for the original owner, now replaced by a new block. Excellent paint, chrome and interior. Dirty alloy wheels. Clean, fresh engine compartment. Freshly restored and impossible to fault but modified, restored and fiddled with during its lifetime. Originality is not a consideration but its history is well-documented. – While the authenticity of this Cobra is compromised by the 427 engine its performance is substantially enhanced and it has been this way since its first owner. It was sold by Gooding at Amelia in 2018 for $1,457,500 ($1,325,000 hammer) and offered by Mecum at Kissimmee earlier this year when it was passed on a reported high bid of $1.3 million. The consignor wised up after that and took real money here in Monterey. Chalk the $200,000 left on the table at Kissimmee to an expensive lesson.

OLYMPUS DIGITAL CAMERA

Lot # F76 1969 Lamborghini Miura P400 S Coupe, Body by Bertone; S/N 3919; Engine # 2772; Verde Miura/Pistachio, Silver sills/Blue leather; Estimate $2,000,000 – $2,500,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $1,800,000. – 3,929/370hp, 5-speed, centerlock Campagnolo alloy wheels, Pirelli tires, power windows. – Gary Bobileff 2008 restoration with regular mechanical attention since. Excellent paint and interior in startling colors. Some wear and use are evident on the interior but the engine compartment is still nearly like new. – Despite the restoration’s age the condition of this Miura is nearly impossible to fault, and difficult to assess while being distracted by the fantastic colors. The consignor’s decision to pass up the reported high bid, even if there was money in the neighborhood, is easy to appreciate. It is in fact worth more and wouldn’t be inexpensive even at the low point of the pre-sale estimate range. But it didn’t sell and we’ll never know what it means.

Lot # F77 2003 Ferrari Enzo Berlinetta; S/N ZFFCW56AX30131631; Rosso Corsa/Pella Nera leather; Estimate $3,000,000 – $3,300,000; Visually maintained, largely original 2- condition; With Reserve; Hammered Sold at $2,600,000 plus commission of 10.00%; Final Price $2,860,000. – 5,999/660hp, 6-speed F1 gearbox, books, luggage, Ferrari Classiche Red Book. – One of 111 Enzos imported to the U.S. Engine replaced under warranty. Repainted black by a previous owner, then repainted back to the proper Rosso Corsa by a subsequent one. Represented with 27,123 km (16,853 miles), which is pretty high for an Enzo. The bare carbon splitter in the front has a small scratch on it, and the central wheel locks show scuffs from use. The engine and interior look barely used. A usable Enzo. – This car went to RM’s Monterey sale back in 2009 and was an $850,000 no-sale there. Bonhams offered it here last year as well, and it was a $2.675M no-sale there. Then, Mecum brought it to their Glendale auction earlier this year, where it was bid to $2.9M but again failed to meet reserve. It’s finally off to a new home, and for a price that makes it the cheapest U.S. auction for an Enzo in four years. Then again, it’s also the only Enzo we’ve seen with an engine replacement and two repaints.

Lot # F81 1974 DeTomaso Pantera GTS Coupe, Body by Ghia; S/N THGTPS07223; Dark Red, Black, Matte Black sills/Black vinyl; Estimate $175,000 – $200,000; Visually maintained, largely original 2- condition; With Reserve; Hammered Sold at $125,000 plus commission of 10.00%; Final Price $137,500. – 351/350hp, 5-speed, Campagnolo wheels, BFG Radial T/A tires, riveted fender flares, power windows, Blaupunkt cassette stereo, tool roll and luggage tray. – One of 150 U.S. spec GTS models built for 1974. Recent engine work and otherwise original. Other than a long crack near the windshield and a large chip on the engine cover, the paint looks fantastic. Faded plastic around the door handles. Some of the gauges and switchgear show age but the interior is mostly great and appears to be original with wear consistent with the 5,500 miles on the odometer. A barely driven and very well-preserved example of the ultimate U.S. spec Pantera. – Reported sold at Mecum Kissimmee in 2016 for $121,000, it then had just 5,425 miles on the odometer. Today it has 5,464 and is to all intents and purposes in the same highly original condition, which isn’t surprising since it’s added only 39 miles in the last eight and a bit years. Most Panteras succumb to their mid-engine specifications and the simplicity of modifying their 351 Ford engines and are turned into customs, a fate this Pantera GTS has avoided to it, and its owners’ credit. The price it brought is responsible and it deserves to be maintained in this condition, but responsibly driven as it deserves to be.

Lot # F82 1986 DeTomaso Pantera GT5-S Coupe; S/N ZDT874000FA009414; Red, White graphics/Black; Estimate $250,000 – $275,000; Visually maintained, largely original 2- condition; With Reserve; Hammered Sold at $320,000 plus commission of 10.00%; Final Price $352,000. – Ford 351/286hp Cleveland V-8, 5-speed, Campagnolo alloy wheels, Pirelli Cinturato tires, wing, flares, Alpine cassette, power windows, air conditioning with updated compressor, books, tools, fire extinguisher. – One of 182 built in this trim. Good, lightly aged paint. Beautiful restored wheels. Lightly worn leather but mostly lovely interior. A rare, later Euro spec Pantera that has gotten major mechanical and cosmetic attention when needed, and carefully driven for 12,508 km (7,772 miles). – In this country, the Pantera was a fondly remembered but short-lived Anglo-American exotic sold at Lincoln-Mercury dealers from 1972-75. But while Ford held the rights to the car in the U.S., DeTomaso retained them in Europe, and kept on building the car, albeit in small numbers, up until the early 1990s. Panteras got a little better, a little faster, and more aggressively styled during that time, and the small numbers that have made their way over here on an individual basis are quite desirable to American buyers although the 351’s horsepower suffered from smog considerations, declining from 350hp with the Lincoln-Mercury versions to the GT5’s 286hp. This one was a $120,000 no-sale at Mecum’s Kissimmee summer sale in 2020 and then sold for $172,000 on Bring a Trailer later that year. Inflation since then has been bad but it hasn’t been that bad, and there hasn’t been the kind of explosion in the Pantera market that the difference between those numbers might suggest. There were nine Panteras at Mecum Monterey this year, which surely drew attention, but this result defies logic. It’s the most expensive of the group by nearly a factor of two over the next most expensive, another GT5-S sold for $180K. It’s very nearly the all-time record auction price for a Pantera, just a few grand shy of a later, rarer 90 Si model that sold for $357K a few years back, and stunning originality premium (if that’s what it is).

Lot # F86 1957 Mercedes-Benz 300SL Gullwing Coupe; S/N 1980407500061; Engine # 1989807500042; Silver/Red plaid; Estimate $1,800,000 – $2,100,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $1,400,000. – 2,996/240hp, 4-speed, Rudge style chrome centerlock wheels, Cooper tires, dual Talbot outside mirrors, fitted luggage, woodrim Nardi steering wheel, air conditioning, halogen headlights. – Very good paint and upholstery (leather seat inserts included). The engine compartment is orderly but aging after the older Scott Grundfor restoration and more recent freshening by Canepa. – There was no shortage of Gullwings in the Monterey auctions: Mecum had two, Broad Arrow, RM and Gooding each had one. Gullwing buyers were spoiled for choice but three of the five sold, a 60% sale rate, although both no-sales were here at Mecum.

Lot # F90 1967 Ferrari 275 GTB/4 Berlinetta; S/N 10583; Rosso Chiaro/Nero leather; Estimate $3,000,000 – $3,500,000; Recent restoration 2+ condition; With Reserve; Hammered Sold at $2,800,000 plus commission of 10.00%; Final Price $3,080,000. – 3,286/320hp, 5-speed, centerlock Campagnolo alloy wheels, Michelin XWX tires, power windows, books, tools. – Represented as the original engine, transmission and suspension. Gorgeous clearcoat paint. Pristine upholstery. Restored in 2017 and FCA Platinum in 2017, Ferrari Classiche Red Book certified. Still better than new. – This is a notable premium for an unusual paint color, but nothing out of the ordinary for a high quality, comprehensively restored and beautifully maintained 275 GTB/4, a car that makes a Daytona seem commonplace by comparison.

Lot # F93 1992 Schuppan-Porsche 962CR Coupe; S/N AS962CR0550; Black Metallic/Black leather; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $2,000,000. – IMSA-spec 3.4/600hp, 5-speed manual, carbon fiber body and chassis, centerlock wheels, Pirelli P Zero tires, air conditioning. – The second and last production version of the Schuppan 962CR which, as its name suggests, is based upon the 962 race car but with a Reynard-built chassis, redesigned bodywork and 911-based twin turbo engine. Represented with 91 miles. Scuffs on the wheel locks are the only real sign of age, but they don’t mean anything with a car this rare and this badass. – This was an odd venue for such a car. It would’ve been right at home and a star lot among the many other rare Porsches at either RM Sotheby’s or Gooding & Co. Regardless, the reported high bid seems like a reasonable enough number for a car that’s never come to auction before, and probably could have sold if there was real money close to it.

Lot # F94 1962 Porsche 356B Carrera 2 Coupe, Body by Reutter; S/N 120840; Ruby Red/Black leatherette, grey cloth inserts; Estimate $500,000 – $600,000; Recent restoration 2 condition; With Reserve; Hammered Sold at $355,000 plus commission of 10.00%; Final Price $390,500. – 1,966/130hp 4-cam flat four, 4-speed, chrome wheels with hubcaps, Vredestein tires, power sliding sunroof, Porsche woodrim steering wheel, Blaupunkt multiband radio, Porsche CofA documented, books, tools, manuals. – Very good paint and upholstery in the original colors. Chipped rear window. Sunroof fit is uneven but the doors fit well. Neat and shiny engine compartment. Very good overall with easily overlooked minor issues. Represented as the numbers-matching engine and transmission. – This is a real challenge. It was sold by Bonhams at Scottsdale in 2016 for $627,000 ($570,000 hammer). What happened between then and now to cause it to be discounted by nearly half? There is no clue on the auction description, nor on the car itself and if it is, as it claims to be, a real Carrera 2 this is a bargain of major proportion. The gap is so egregiously different from the Carrera 2 market and prior sale that something unstated and obscure to Porsche naifs (like me) must be a factor.

Lot # F96 1967 Ferrari 330 GTS Spider, Body by Pininfarina; S/N 10561; Nero/Pelle Nera Franzi; Black cloth top; Estimate $1,750,000 – $2,250,000; Older restoration 2- condition; With Reserve; Hammered Sold at $2,300,000 plus commission of 10.00%; Final Price $2,530,000. – 3,967/300hp, 5-speed, chrome spoke Borrani wire wheels, Michelin XWX tires, Blaupunkt multiband radio, power windows, Ferrari Classiche Red Book certified. – Represented as the original engine and gearbox. Cosmetically restored in 2015 and still has FCA Platinum quality paint and upholstery. Mechanical restoration in 2016, FCA Platinum in 2016 and 2018. The driver’s seat is lightly stretched and has a small pinch on the leather. The underbody is restored like new and is remarkably clean. – Not perfect but more than good enough for all but the most demanding owners. It was sold by RM at Amelia in 2011 before restoration for $770,000. The price it brought here fully values its older and well-preserved restoration and dynamic colors, but isn’t anywhere close to out of line, a good car at a good price.

Lot # F101 2011 Ferrari 599 GTB Fiorano Coupe; S/N ZFF60FCA7B0186884; Rosso Scuderia, White “Scuderia Ferrari”/Black; Estimate $550,000 – $650,000; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $300,000. – 5,999/612hp, paddle shift 6-speed, black calipers, painted Scuderia shields, “Super Fabric” interior, Scuderia shields stitched into the headrests, carbon fiber seats, carbon ceramic brakes, 20-inch forged wheels, Pirelli P Zero tires, window sticker. – One of about 40 built to commemorate 60 years of Ferrari’s wins in Formula One, pitched as the “Alonso Final Edition”. Represented with 2,071 miles and indeed it does look like a barely-driven late model Ferrari. – Mecum offered this 599 GTB here last year when it was reported bid to $250,000. It came back in 2024 with 11 more miles on its odometer and did better, but still not enough, elevating it to the stature of an “auction queen”. The consignor is still deluded.

Lot # F102 2006 Ford GT Heritage Coupe; S/N 1FAFP90S56Y401751; Heritage Blue, Orange/Ebony leather; Estimate $800,000 – $900,000; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $710,000. – 330/550hp supercharged V-8, 6-speed, all accessories, stickers and protective coverings. – 121 miles and still in the wrapper with factory tags and stickers. – Sold by Gooding at Pebble Beach in 2022 for $731,000 ($660,000 hammer) and still “in the wrapper” since then, this is an artifact, a garage queen. Every mile on the odometer (to the everlasting annoyance of the auction handlers who have to maneuver it around on dollies so it doesn’t add miles) will depreciate it, but the fascination lingers on. The result here at $710K hammer (which would be $781,000 with the vig) is more than reasonable. One might reasonably wonder who cares about yet another Ford GT Heritage still in its wrapper?

Lot # F110 1967 Oldsmobile Ninety-Eight Convertible; S/N 384677M405284; White/Red vinyl; White vinyl top; Estimate $30,000 – $40,000; Older restoration 3 condition; No Reserve; Hammered Sold at $30,000 plus commission of 10.00%; Final Price $33,000. – 425/365hp Super Rocket V8, automatic, power steering, power brakes, whitewall tires, fender skirts, power top, air conditioning, WonderBar radio, power seat, power windows, tilt steering column. – Straight body with good gaps. Good paint but has a mis-matched touch up on the nose and some chips on the right rear fender. The grille is a little tired, and the window seals are heavily cracked. Interior is neat with wear showing on the door pulls and a rub mark on the dash. Undercarriage looks good. A nice-looking cruiser. – Sold for $24,200 at Harrisburg three weeks ago and turned here for a modest but not unreasonable profit. Time and place does make a difference and this Olds was on time and in the right place.

Lot # F113 1967 Ferrari 330 GTC Coupe, Body by Pininfarina; S/N 10889; Rosso Corsa/Black leather; Estimate $450,000 – $500,000; Visually maintained, largely original 3- condition; With Reserve; Not sold at Hammer bid of $350,000. – 3,967/300hp, 5-speed, chrome spoke Borrani wire wheels, Michelin XWX tires, Panasonic AM-FM, power windows. – Represented as the original engine. Dull, dirty wheels. Good upholstery but dirty dash, console and gauges. Dirty chassis and underbody. Chipped hood front and rear edge, blister on the left c-pillar, hair inclusion on the deck lid. Good chrome but the windshield frame is badly sander scarred. A neglected and negligently treated GTC. Announced reserve: $400,000. – Offered at Monterey last year by Mecum where it was unsold on a reported bid of $390,000, then sold at Kissimmee earlier this year for $440,000 ($400,000 hammer). This is a near-nasty GTC, with a litany of flaws, crappy paint and egregious oversights and poor technique. “3-” condition is a gift based upon little more than the claimed original engine. It would not have been irrational to call it a “4+”, it is that consistently nasty, a restoration project and a car best let go to any bidder with money even close to this reported high bid. This was one of a few Mecum Monterey cars with “announced reserves”, in this case $400,000.

Lot # F114 1959 BMW 507 SII Roadster; S/N 70242; Red/Tan; Estimate $1,700,000 – $2,000,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $1,250,000. – 3,618/150hp, 4-speed, steel wheels with hub caps, Avon Turbospeed tires, tool kit, luggage, Blaupunkt pushbutton radio, cloth boot cover. – Car 242 of 252 built. Later Series II car. Mechanical and cosmetic restoration work performed from the 1990s through the early 2000s. The paint and chrome have lost some freshness but there are no real issues. The door fit is slightly inconsistent. The steering wheel shows some wear, the driver’s seat is a little bit flat on the bottom, and the radio speaker is pushed in slightly. A gorgeous car wearing an older restoration. Perfect for the many great events for which it is eligible. – Reported sold at Kissimmee last year for $1,760,000 and turned around seven months later here where it was reported as a no-sale at $1.7 million. The odometer has added just 20 miles since then but the high bid here is dramatically lower. It is not reported at all on Mecum’s post-sale website, but it was clearly here and bid on, just at a high bid that is embarrassing.

Lot # F115 1959 Porsche 718 RSK Spyder, Body by Wendler; S/N 718028; Silver/Tan vinyl; Estimate $3,800,000 – $4,300,000; Competition restoration 3+ condition; With Reserve; Not sold at Hammer bid of $3,200,000. – 1,587cc/150+hp, braced rollbar, dual Raydyot outside pedestal mounted mirrors, Dunlop Racing tires, adaptable steering wheel for lefthand drive or center, now set up with center steering, comes with spares including front disc brakes, auxiliary fuel tank, flywheel, clutch, top, passenger seat, full-width windscreen and more. – Another announced reserve Mecum Monterey car at $3,500,000. Raced when new by Christian Goethals, winner at Leopoldville in the Congo, then in Europe and at the Buenos Aires GP in 1960. Very good paint, good fabric pattern vinyl upholstery. The chassis and roll cage are used and scraped. Represented as the complete original drivetrain. A well-maintained and unusually adaptable race car. – Offered by Bonhams at Quail in 2019 where it attracted a $3,700,000 high bid, then at Mecum Kissimmee in 2023 where it was reported bid to $3.2 million and at Mecum Monterey last year when the reported high bid was $3.5 million. It is a nifty car, adaptable to both sports car and F2 racing, but no one seems to care and it keeps its expectations chasing its value down, a sorry spectacle of auction overload and diminishing interest. It is over-exposed and needs to hide for a few years to realize its potential.

Lot # F118 1961 Jaguar XK 150 3.8L Drophead Coupe; S/N S838999; Silver/Deep Red; Black top; Estimate $195,000 – $230,000; Older restoration 2 condition; With Reserve; Not sold at Hammer bid of $140,000. – 3,781/220hp, Tremec 5-speed transmission, power steering, chrome wire wheels, luggage rack, air conditioning, driving lights, fender mirrors, bumper overriders and grille guard – Older restoration that stills shows nicely. Top and interior are excellent, and the engine compartment very tidy. Quality paint job now showing some road use. Fuel filler cap fit is uneven. Some brightwork is wavy and cracking in places. Still, a mostly clean presentation and the power steering and Tremec 5-speed have a positive effect for driving even if they are contrary to the car’s original specs. – This is a better car than the reported high bid and the consignor was reasonable to hold out.

Lot # F120 1964 TVR Griffith 200 Coupe; S/N 2005058; Silver/Black; Estimate $135,000 – $145,000; Competition restoration 3 condition; With Reserve; Hammered Sold at $62,000 plus commission of 10.00%; Final Price $68,200. – LHD. 289/342hp, 4-speed, Compomotive alloy wheels, Nankang tires, roll cage, fire bottle, OMP race seats with Willans harnesses, Smiths gauges. – Track ready. Restored in the late 1990s and used in lots of historic events in Europe. In race car condition with dull bumpers and battle scars in the paint. Uneven gaps, but that’s consistent with a fiberglass-bodied, overpowered British sports car. Mostly stripped interior with seats and a modern shift knob that stand out in a historic car. Reasonably tidy underneath. Fast, scary, awesome and likely not that expensive. – After failing to sell at a $70,000 high bid at Mecum Glendale earlier in the year, this car went for even less in Monterey and, all things considered, may be the best bargain of the week. The TVR Griffith packs Ford 289 power into a tiny British chassis, just like a Cobra, and offers similarly frightening speed. This one is also eligible for all sorts of historic FIA events in Europe or all manner of historic races in this country. The new owner will be able to mix it up on track with seven-figure Cobras, `60s Ferraris and Lightweight E-Types for a fraction of the price of entry, and they’ll mostly need just Ford and BMC parts to keep it running.

Lot # F138 1961 Lincoln Continental Convertible Sedan; S/N 1Y86H411415; Black/Black leather; Black top; Estimate $90,000 – $110,000; Older restoration 2- condition; No Reserve; Hammered Sold at $125,000 plus commission of 10.00%; Final Price $137,500. – 430/300hp, automatic, wheel covers, BFG Silvertown whitewall tires, pushbutton radio, power windows, dash clock. – Formerly owned by a Ford designer. Very good older paint and chrome. Door gaps aren’t quite perfect. Lightly wrinkled leather front and back but the interior looks great overall and is likely original. Clean underneath and represented with extensive recent mechanical servicing. A solid first year suicide door Continental convertible in classic colors. – One of the more prominent presences at Mecum’s Monterey auction this year were 1960’s Lincoln Continentals; there were six, three were stock appearing, three were customized. Of the six, four were 4-door Convertible Sedans like this one. Now, six out of 512 lots is only 1.2%, but these are large, imposing cars. Absent a specialist collection consignment this kind of presence is highly unusual and since the beginning of the year only 29 lots of 11,142 lots cataloged were 1961-1967 Continentals, 0.003%. Something is going on, something that is also reflected in the strong price this highly original first-year Continental convertible brought.

Lot # F139 1964 Jaguar XKE SI 3.8 Roadster; S/N 880626; Blue Silver/Gray leather; Black cloth top; Estimate $140,000 – $160,000; Older restoration 2- condition; No Reserve; Hammered Sold at $92,000 plus commission of 10.00%; Final Price $101,200. – 3781/265hp, 4-speed, wire wheels, Michelin red line tires, dual mirrors, period radio, fire bottle, boot cover. – Not much history or documentation represented but the engine and chassis look somewhat freshly restored. The paint looks very good, but there is a scratch on the left front bumper and the headlight bezels aren’t flush. Cloudy gauges and lightly worn driver’s seat. Better than just a 20-footer. Needs nothing to be proud of and use for casual driving or events. – E-Types have been soft for the past couple of year and this result shows a continuation of the trend. This is a solid 3.8-liter Series I roadster in a nice color, but the price is a mediocre one.

Lot # F148 1989 Ferrari 328 GTB Berlinetta; S/N ZFFXA19A2K0080029; Rosso Corsa/Tan leather; Estimate $200,000 – $230,000; Unrestored original 3+ condition; With Reserve; Hammered Sold at $160,000 plus commission of 10.00%; Final Price $176,000. – 3,185/270hp, 5-speed, Continental tires, later CD stereo. – Showing 11,309 miles. Represented with a belt service in 2019. Some dirt and grime in the engine bay but not bad. Good but not immaculate original paint. Clean wheels. Very good interior. Low miles, classic colors, good presentation, and a somewhat rare fixed roof GTB in mediocre condition. – Offered in Gooding’s online Scottsdale auction in 2021 where it was a $125,000 no-sale, then at Mecum Las Vegas nine months later were it failed to sell on a reported $160,000 bid, this result is redemption, of a sort, but expensive. Its appeal to the successful bidder (and the underbidder) is not clear but the consignor should be eternally grateful.

Lot # F150 1971 Chevrolet K5 Blazer CST Open Top Utility 4×4; S/N KE181S627289; Red, White/Black vinyl with pattern cloth inserts; Truck restoration 3 condition; With Reserve; Not sold at Hammer bid of $75,000. – 350/270hp, Holley 4-barrel, automatic, power steering, power brakes, 15×10-inch chrome wheels, 33-inch BF Goodrich all-terrain T/A tires, CST trim, 4-seat with hardtop. – Upholstery is in great shape, but the speedometer lens is cracked and the rear ashtray lid discolored. Undercarriage is very clean. A very solid rig that has clearly been cared for and carefully used. – Sold at the Barrett-Jackson Palm Beach auction four months ago for $64,900 ($59,000 hammer) and there is little reason to think it should be worth this much more at Monterey. If there was money nearby it should have been taken with gratitude.


Lot # S11 2014 Nissan GT-R Midnight Opal Special Edition Coupe; S/N JN1AR5EFXEM271557; Midnight Opal/Black; Estimate $100,000 – $130,000; Unrestored original 2- condition; With Reserve; Hammered Sold at $76,000 plus commission of 10.00%; Final Price $83,600. – 3,799/545hp twin turbo V-6, 6-speed paddle shift automanual, orange Brembo calipers, forged alloy wheels, carbon fiber rear spoiler, window sticker. – Number 40 of 50 produced for the US, previous transport damage reported with paint repaired at a Nissan-approved body shop. Represented with 25,125 miles. The paint has some swirls that appear in direct sunlight, and four minor chips on the hood. The engine and underbody have some light dust and the interior shows minor wear to the seats. A driver-grade example of a very uncommon GT-R. – As Nissan just kept on building the R35 GT-R without any major redesign, they at least attempted to keep things fresh with lots of special editions (Black edition, Track edition, Nismo edition, Gentleman Edition, 45th Anniversary Gold Edition, 50th Anniversary Edition, Naomi Osaka Edition, etc.). This one at least has eye-catching paint and special wheels. This price reflects mild, normal depreciation from new thanks to the age and mileage. And even though it’s 10 years old, this is still one of the quickest cars you can buy for under 100 grand.

Lot # S12 1934 Ford Model 40 Cabriolet; S/N 18855694; Cordoba Gray/Brown; Beige cloth top; Estimate $50,000 – $60,000; Older restoration 3- condition; With Reserve; Not sold at Hammer bid of $32,000. – 221/90hp, 3-speed, red wire wheels, hub caps and trim rings, wide whitewalls, fog lamps and cowl lamps, enclosed rear-mounted spare – The paint is dull and rough throughout. The front fenders have some chips filled. The chrome is dull. The engine compartment is aged but not overly dirty or greasy with some oil and grime on the suspension and frame. The interior is old, but the upholstery is very good and nothing is abused. A very old restoration ready for another go around in the near future. – One of Mecum Monterey’s few cars with announced reserves, in this case $40,000. The age of the restoration and its post-restoration use is readily apparent but even with that it is a rare and handsome car with plenty of miles left in it before it needs to be redone. It would not have been expensive even at the announced reserve bid.

Lot # S15 1992 Bentley Turbo RL 4-Dr. Sedan; S/N SCBZP03D2NCX44029; White/Brown; Estimate $25,000 – $50,000; Visually maintained, largely original 3 condition; No Reserve; Hammered Sold at $19,000 plus commission of 10.00%; Final Price $20,900. – 6,748/385hp turbo V-8, automatic, LWB, chrome-plated alloy wheels, tinted windows, power and heated front seats, aftermarket stereo. – Recently rebuilt distributor, timing belt, oil-pressure sender, spark plugs, A/C recharge, and hydraulic suspension service. Showing 62,299 miles. Aged paint with poor touch-ups throughout. Rubber and glass in good condition except at the top of the windshield. Interior looks good with only minor aging to leather seats. Wheels are worn, and the undercarriage a little grubby. – Buying a 30-plus year old Bentley no reserve at an auction is an act of bravery, and this one did not go cheap relative to its miles and condition. The recent service is definitely reassuring, but if another major thing breaks this $20,900 Bentley will turn it into a $30K-plus car for the new owner in an instant and the scanty price it brought takes that risk into account.

Lot # S20 1969 Plymouth Barracuda 2-Dr. Hardtop; S/N BH23F9B189216; Sunfire Yellow, Mod Top flower vinyl roof/Green, Mod pattern vinyl; Estimate $50,000 – $60,000; Enthusiast restoration 3 condition; No Reserve; Hammered Sold at $42,000 plus commission of 10.00%; Final Price $46,200. – 318/230hp, 4-barrel, column shift automatic, yellow wheels with hub caps and trim rings, BFG Silvertown double red line tires, luggage rack, Motorola 8-track. – Decent paint with a few chips and cracks. Grimy but maintained engine. Some aged interior trim and switchgear and small cracks in the dash but good upholstery. Restored 30 years ago with a repaint and reproduction roof vinyl. This car is all about the top and upholstery, which are both in great shape. – Barrett-Jackson just sold this car a few months ago in Palm Beach for $36,300, which was a big number considering the car is unremarkable condition-wise and the psychedelic roof is from reproduction materials. But despite that and despite it not being significantly cleaned up since April, the car had even better luck in the land of flower power for what looks like a decent flip for the seller but an expensive acquisition for the new owner.

This Mustang was the median (half cost more, half cost less) sale at Mecum Monterey 2024

Lot # S39 1965 Ford Mustang Convertible; S/N 5F08D160156; Rangoon Red/Black vinyl; Black vinyl top; Estimate $60,000 – $80,000; Older restoration 2- condition; With Reserve; Hammered Sold at $47,500 plus commission of 10.00%; Final Price $52,250. – 289/210hp, automatic, power front disc brakes, red line tires, Rally Pac tachometer and clock. – Restored. New windshield glass. Paint is decent with some small touch-ups on the edge of the driver’s door and slight waves throughout. Window vent chrome is pitted. Panel gaps are inconsistent. Top is like new. Interior is excellent with only some small marks to the center console trim. Engine bay is exceptional. An early “1964 1/2” Mustang with generator. – Not a particularly valuable engine configuration, which isn’t helped by the aftermarket carburetor and the restoration is erratic, making this price a reasonable compromise between the model’s innate value and its condition.

 

Lot # S40 1955 Packard Caribbean Convertible; S/N 55881340; White, Light Blue, Brown/White and Blue; Dark Blue top; Estimate $60,000 – $70,000; Older restoration 3 condition; No Reserve; Hammered Sold at $45,000 plus commission of 10.00%; Final Price $49,500. – 352/275hp, automatic, power steering, power top, chrome wire wheels, wide whitewall tires, fender skirts, power windows. – Older restoration with paint and chrome showing age. Some minor cracks, rubs, and light scratches to paint. Vent window chrome is pitting. Cracked taillight lenses. Seats are a bit saggy, and the dashboard cracked. A good looking cruiser that is a few years past its peak. – Reported sold by Kruse at Auburn Fall in 2006 for $73,440 and a curious situation here since it was clearly here, observed sold on the block but not reported at all in Mecum’s post-auction website. If it did turn out to be No Reserve and sold at this price it is a huge value even in its mediocre condition. The HammerPrice link to the Mecum description returns a “404 Error”.

Lot # S53 1930 Rolls-Royce Phantom I Newmarket Convertible Sedan, Body by Brewster; S/N S126PR; Blue, Silver beltline/Blue; Black top; Estimate $175,000 – $200,000; Older restoration 3 condition; With Reserve; Hammered Sold at $135,000 plus commission of 10.00%; Final Price $148,500. – 7,668/120hp six, 3-speed, dual sidemount spares, running boards, luggage trunk, wood dash and window trim, body color wheel discs – Represented as matching body, chassis, and engine. Older restoration that is showing age. Paint chips and a few cracks throughout. Windshield glass is delaminating. Chrome trim is mostly very good. Upholstery and carpets are excellent. Some cracking to the wood dash. Multiple CCCA awards and little if any use – Sold by RM at Houston in May 2004, then by Bonhams at Quail Lodge three months later for $170,000. Gooding reported it sold post-block at Amelia in 2010 for $170,000. Bonhams sold it at Greenwich in 2013 for $187,000. Gooding sold it again in 2014 this time at Pebble Beach for $198,000. It was a no-sale at Barrett-Jackson in 2015 with a reported bid of $250,000. Bonhams sold it at Scottsdale in 2017 for $178,750 and a little over a year later in 2018 RM sold it at Ft. Lauderdale for $209,000. It hasn’t been this cheap since 2004. Springfield, Massachusetts built Rolls-Royces are recognized for their quality and used many bought-it American components making them easier to maintain. This one is an excellent value in this transaction and a beautiful and practical car for tours and even local shows although the restoration is now showing its age.

Lot # S59 1968 Chevrolet Camaro SS 396 Convertible; S/N 124678N366156; Ash Gold, Black nose band/Ash Gold vinyl; Black vinyl top; Estimate $75,000 – $100,000; Recent restoration 2- condition; With Reserve; Hammered Sold at $58,000 plus commission of 10.00%; Final Price $63,800. – 396/325hp, 4-speed, Edelbrock intake and carburetor, Hurst shifter, Cragar alloy wheels, Radial T/A tires, pushbutton radio, console gauges, chambered exhaust, power steering and brakes, Positraction, upgraded stereo. – Very good paint, interior, top and gauges. Excellent engine compartment. The driver’s door closes hard. – Alas, no one claims this engine or drivetrain are original to this nifty ’68 Camaro convertible, and there is no way to trace it back to its original configuration. It is a delightful, intriguing, car, but for collector purposes it is a null, with no history or documentation. The bidders saw it that way, too, and discounted all the nifty details as if it were a Camaro six with elaborate and extensive upgrades, a great car for tours and weekend drives. This is a realistic price for what isn’t known but is shown.

Lot # S62 1966 Shelby Mustang GT350 Fastback; S/N SFM6S2283; Red, White stripes/Black vinyl; Estimate $150,000 – $200,000; Older restoration 2- condition; With Reserve; Hammered Sold at $137,500 plus commission of 10.00%; Final Price $151,250. – 289/306hp, 4-speed, dashtop tachometer, woodrim steering wheel, Shelby 10-spoke wheels, Eagle GT tires, pushbutton radio, Detroit Locker 3.89:1 axle – Good paint from 1987 restoration, replacement engine in 1973, one owner from 1979 to 2024. Good upholstery, gauges and chrome. Clean and orderly engine compartment. Clean restored chassis. Although not fresh, this is a clean and reassuring older restoration. – This GT 350’s history is benign, but the engine change is significant. It is not significant enough, however, to erase the discount it brought in this transaction, a good value for the new owner.

Lot # S66 1927 Bugatti Type 37 Grand Prix; S/N 37212; Engine # 117; Blue/Red leather; Estimate $800,000 – $900,000; Rebodied or re-created 3 condition; With Reserve; Not sold at Hammer bid of $625,000. – 1,496/60hp, 4-speed, chrome spoke wire wheels, single sidemount, Marchal headlights, cycle fenders, driver’s aeroscreen, radiator stoneguard. – Dull old paint from 1960. Worn and cracked upholstery. Good chrome plated suspension. Assembled from parts by Jean de Dobbeleer, appears to be the numbers matching engine to this chassis. Bugatti sourced GP body. Pur Sang gearbox. Attractive and usable. Announced reserve of $700,000. – Offered here two years ago where it was reported bid to $800,000 without changing hands and at Kissimmee in 2023 where the reported no-sale bid was $700,000. Even with the lowered estimate range, announced reserve and much recent restoration work that made it a far more appealing car it didn’t move the needle. Its history is not reassuring and when seen in 2022 it was in marginal condition that doesn’t give much confidence even after extensive work and many new parts since then. It would have been wise to take the bid here if there was money behind it.

Lot # S69 1959 Edsel Corsair Convertible; S/N W9UR705682; Yellow/Black; Black top; Estimate $40,000 – $60,000; Older restoration 3 condition; With Reserve; Hammered Sold at $25,000 plus commission of 10.00%; Final Price $27,500. – 361/303hp, automatic, power steering, power brakes, wide whitewall tires, full-size wheel covers, Town & Country radio, bench seat. – Older restoration. Mirror chrome is heavily pitted but the rest of the car’s brightwork is in fair shape. Paint is in decent shape. Interior still looks fresh with some marks on dash trim. – Sold by Mecum here in Monterey in 2017 for $39,600. Always a good bet to get lots of attention from onlookers, the early Edsels suffered from quality problems compounded by their horse-collar grille and other appearance oddities and ended up disappearing after a few 1960s were built, an embarrassing misstep by Ford. Edsel fans, however, are numerous and, like Avanti fans, persistent although they were either absent from Mecum Monterey or reluctant to take on yet another Edsel with an older and flawed restoration. The result here is appropriate to the equipment and condition.

Lot # S72 1969 Chevrolet Camaro COPO Sport Coupe; S/N 124379N635549; Engine # T103MN; Daytona Yellow/White vinyl; Recent restoration 2 condition; With Reserve; Not sold at Hammer bid of $135,000. – 427/425hp L72, 4-speed, GM Canada documented, 4.1 Positraction, cowl induction, power steering and front disc brakes, front and rear spoilers, Rally wheels with hubcaps and trim rings, Goodyear Wide Tread tires. – “Correct” but not claimed original engine and transmission. Documented as a correct COPO 9561 build. Excellent paint, new interior and chrome. Bright, crisp gauges. Excellent panel fits and gaps. – Sold at Barrett-Jackson in 2017 for $155,100, then at B-J’s Las Vegas auction in 2022 for $132,000. Since 2017 it has had its restoration redone, or at least thoroughly freshened, and added about 900 miles to its odometer. It is an attractive, desirable COPO Camaro and even with a replacement engine is worth more than the bid it brought here.

Lot # S79 2002 Ferrari 575M Maranello Coupe, Body by Scaglietti; S/N ZFFBV55A420129467; Rosso Corsa/Black leather; Unrestored original 2 condition; With Reserve; Hammered Sold at $180,000 plus commission of 10.00%; Final Price $198,000. – 5,748/515hp, F1 gearbox, yellow calipers, Pirelli P Zero tires, Scuderia shields, power windows, power carbon fibre sport seats, Fiorano handling package. – Represented with 58 miles, carefully stored, and still looks pretty much showroom fresh. People go gaga over the manuals, but the F1 cars are no less gorgeous or competent, and this one is essentially brand new. – $200,000 no-sale here in 2016, and then sold for $187,000 at RM Phoenix in 2017. This is top dollar for a paddle-shift 575 in today’s market.

Lot # S89 1935 Auburn 851 Supercharged Speedster; S/N 33220E; Engine # GH5863; Black/Red leather; Estimate $850,000 – $950,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $700,000. – 280/150hp Lycoming inline eight with Schwitzer-Cummins supercharger, 3-speed, wire wheels, BFG wide whitewalls, dash clock, Unity spotlight, golf bag door. – Supposedly may have been an early demonstrator, suggested by its red painted chassis. Spent some time in European collections during the 2000s. Good older paint and chrome. Dings in the chrome spears at the back of the front fenders and a large scratch on the left rear fender stone guard. Good, very lightly worn interior. A genuine Boattail Speedster that still makes quite a statement despite small blemishes. – This car was a $900K no-sale at Mecum Indy in 2022, a $750K no-sale here two years ago, an $800K no-sale in Kissimmee last year, and a $675K no-sale here last year. It’s time to take reasonable money This car was a $900K no-sale at Mecum Indy in 2022, a $750K no-sale here two years ago, an $800K no-sale in Kissimmee last year, and a $675K no-sale here last year. It’s time to take reasonable money if it is offered (and this is reasonable money) and move on. The car isn’t getting any more valuable and it is time to take any reasonable money offered and move on.

Lot # S90 1969 Ford GT40 Mk I Coupe; S/N GT40P1080; Cirrus White/Black cloth; Competition restoration 2 condition; With Reserve; Hammered Sold at $7,150,000 plus commission of 10.00%; Final Price $7,865,000. – RHD. 289/440hp Gurney-Weslake V-8, 4 Weber carburetors, 5-speed ZF transaxle, fixed Plexiglas side windows, BRM centerlock alloy wheels, Firestone Super Sport GT tires. – Raced in Portugal and Angola when new, winning the Angolan championship in 1972 driven by Emilio Marta. Freshly restored like new in the original colors and with the original Gurney-Weslake V-8 but without any history described between Marta in 1972 and the restoration. Excellent paint and interior. Gorgeous engine compartment. – This is an inherently desirable GT40 Mk I with the Gurney-Weslake V-8 but it has negligible racing history and a huge gap in its ownership with no idea where and in what condition it was found. The sparse background does not encourage history-minded collectors and this result is a generous price even for the desirable specifications of this Lightweight GT40 with Gurney-Weslake power.

Lot # S91 2022 McLaren 765LT Spider; S/N SBM14SCA1NW765013; Blue, Black/Black Suede; Estimate $550,000 – $600,000; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $425,000. – 3,994/755hp, 7-speed automanual, carbon ceramic brakes. – 1,764 miles and like new. – McLarens were all over Monterey this week, usually in jelly bean colors with their rear wings raised for a priapic show of potency. It didn’t quite carry over to the auctions, though, where of three on the ground only RM’s P1 sold. It might be reasonable to say that although Jelly Bean colored McLarens are popular show-off cars they haven’t endeared themselves to serious collectors yet. With a reported 765 units of this model produced in 2022 they not particularly rare, either

Lot # S96 1967 Chevrolet Corvette L88 Convertible; S/N 194677S109097; Tuxedo Black, Blue stinger/Black; Older restoration 2- condition; With Reserve; Hammered Sold at $2,100,000 plus commission of 10.00%; Final Price $2,310,000. – 427/430hp L88, M22 4-speed, hardtop, alloy wheels, power brakes, Goodyear Speedway Blue Streak tires, power windows, radio delete, side exhausts. – Repeatedly claimed to be the first production L88 Corvette, campaigned by Tony DeLorenzo in period, rebuilt back to street specification. Good paint and body. The chrome appears very good. The engine compartment shows some use with oxidation on the exhaust manifolds and some oil film on the intake. The seats do have some stretching from use, otherwise the interior is not overly worn. A well-presented example of a first-year L88. – Offered by RM at Arizona in 2007 where it was a no-sale at a reported high bid of $1,550,000. Sold by Mecum here in 2010 for $1,325,000 beginning a series of Mecum Auctions appearances including Kissimmee 2020 (no sale at $1.8 million), Indy 2020 (no sale at $1.9 million) and at Kissimmee earlier this year where it sold as a pair for $2,585,000 with Tony DeLorenzo’s ’69 L88 SCCA race car. This result means someone owns the ’69 for about $700,000 after commissions and fees. This ’67 L88 is an historic, even legendary, car that is only a little expensive for its condition.

Lot # S97 1970 Plymouth ‘Cuda Hemi Convertible; S/N BS27R0B305097; Lemon Twist/Tan vinyl; Black vinyl top; Estimate $2,000,000 – $2,500,000; Older restoration 2+ condition; With Reserve; Post-block sale at $2,333,636 plus commission of 10.00%; Final Price $2,567,000. – 426/425hp Hemi, 727 automatic transmission, shaker hood scoop, power brakes, body color wheels with hubcaps and Goodyear Polyglas GT tires, bucket seats with console, radio delete, includes Dave Wise report, broadcast sheet, photo documentation of restoration and documented ownership history. – Fully restored. Excellent paint, panel gaps and straight body lines. The convertible top fits tightly and does not have wrinkles or creases. The engine compartment is immaculate and shows very little sign of use or wear and claimed to be matching numbers. The underbody is properly restored and is extremely clean and the interior looks essentially unused. An extremely well restored car with attention to detail while avoiding over-restoration. – Sold for $1.98M at Mecum Indy 2019, hammered not sold at a $2.1M high bid at Indy 2022, and sold again for $2.145M at Kissimmee this year ($1,950,000 hammer). Hammered unsold at $2M on the block in Monterey (coincidentally, the pre-sale low estimate) but later listed as sold for $2,567,000, a 19.7% jump in just seven months, which is startling.

Lot # S98 1955 Mercedes-Benz 300SL Gullwing Coupe; S/N 1980405500263; Mittelgrun/Beige leather; Estimate $2,000,000 – $2,500,000; Older restoration 2+ condition; With Reserve; Not sold at Hammer bid of $1,700,000. – 2,996/240hp, 4-speed, belly pans. – Reported to be the only example finished in the color Mittelgrun, purchased by the Indianapolis Motor Speedway Foundation in 1973 and restored by the museum in the late 2000s. Excellent paint and body, the engine compartment and underbody are exceptional and the interior is extremely well done. Represented as the matching-numbers engine. A beautiful restoration with little to nitpick. – This car was in Indianapolis for decades, but it’s been to market a couple of times recently. It sold for $1.47M on Bring a Trailer in early 2022, then Worldwide offered it in Auburn later that year to a $1.5M no-sale. It deserved more than that reported high bid then and it deserves more than this reported high bid now, especially given the eye-catching color on top of the excellent condition.

Lot # S99 1969 Dodge Charger Daytona 2-Dr. Hardtop; S/N XX29J9B383276; Dark Green, Black wing and tail band/Green vinyl; Estimate $1,700,000 – $2,000,000; Older restoration 2- condition; With Reserve; Hammered Sold at $3,000,000 plus commission of 10.00%; Final Price $3,300,000. – 426/425hp Hemi, 4-speed, Hurst shifter, 4.10 Super Track Pak, power steering and brakes, body color wheels with hub caps and red line tires, power windows, center console, bucket seats, AM radio with 8 track player, includes broadcast sheet and Chrysler Registry Report. Represented as “the most highly optioned Hemi Daytona known to exist.” – One of 503 Daytonas built, just 70 Hemis, and just 22 Hemi 4-speeds. Previously restored. The paint is very good, though the driver’s door is slightly saggy at the back. Even gaps, flush fits and good nose cone fit. The windshield trim has some slight hazing. The engine compartment is clean and shows minimal use and the underbody is a bit dusty but fully restored. The interior does not present significant wear or deterioration. An older restoration that has held up very well. – This Daytona’s sale was pure auction drama, as a fierce bidding war drew Dana Mecum down to the front row to inspire ever-higher bids while the television cameras were rolling. The result was a record price, which is all the more remarkable given this same car sold at Mecum Indy in 2022 for $1.32M, at the time a world record price, and the overall market has trended down since then. Further muddying the picture is that it was observed to sell on a hammer bid of $3 million but is later reported on Mecum’s online results for $3,360,000 all-in, representing an irrational bid of $3,054,545 after the regular commission is deducted suggesting that the intense auction room conversations must have continued backstage. No matter, it is hugely expensive at either price.

Lot # S100 1963 Chevrolet Corvette Z06 Coupe; S/N 30837S109403; Engine # F129RF; Sebring Silver/Black vinyl; Estimate $650,000 – $750,000; Older restoration 2- condition; With Reserve; Hammered Sold at $475,000 plus commission of 10.00%; Final Price $522,500. – 327/360hp fuelie, 4-speed, Positraction, 36 gallon fuel tank, power brakes, AM/FM radio, spinner wheel covers, includes copy of the window sticker, Bloomington Gold certified, NCRS Top Flight winner two times. – 2019 restoration. The paint is very good. The driver’s door is slightly out of alignment with a sag at the back. The engine compartment is highly detailed, but it does present some very minor signs of running and the underbody is extremely clean, showing no road grime. The interior is excellent and presents like new. A genuine and mostly beautiful Z06. – Barrett-Jackson sold this car in Las Vegas two years ago for $566,500. Both results reflect the age of this Z06’s restoration, but this result is yet another data point showing how the market is softer now than it was in the super-heated COVID stimulus days of 2022.

Lot # S101 1971 Plymouth ‘Cuda 2-Dr. Hardtop; S/N BS23V1B361925; In Violet/Black vinyl; Estimate $325,000 – $375,000; Recent restoration 2+ condition; With Reserve; Hammered Sold at $355,000 plus commission of 10.00%; Final Price $390,500. – 440/385hp Six Barrel, 4-speed with pistol grip shifter, Shaker hood, power front disc brakes, 4.10 Dana 60 axle, Rallye wheels with Goodyear Polyglas GT tires, bucket seats, AM/FM radio, includes Dave Wise report. – Represented as the original engine. Excellent paint and body restored in the original High Impact color. Body lines are straight and the brightwork is quite good. The engine compartment looks like new and the underbody is immaculate. The interior shows no use since restoration. A gorgeously restored car in the ever-popular In Violet. – Sold at Barrett-Jackson in 2012 for $82,500, it sold there again last year for $275,000, an accurate measure of inflation and the continuing popularity of spectacular paint like In Violet and a big block ‘Cuda hardtop. Its odometer, however, reads only 5 miles more today than it did in 2012 which means the only people who have enjoyed its performance are transport truck drivers and the auction lineup crews. Today’s all-in price is 42% more than just a year and a half ago at B-J and is astonishingly expensive.

Lot # S103 1936 Delahaye 135 MS Competition Court Teardrop Coupe, Body by Figoni & Falaschi; S/N 47242; Black/Red leather, ostrich inserts; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $2,700,000. – RHD. 3,557/160hp, triple carburetors, preselector 4-speed, removable roof panel, chrome wire wheels, opening windshield, Marchal fog lights and front fender catwalk headlights, skirts, blackwall Michelin tires, 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. – Sold by RM at New York in 2013 for $2,420,000 fresh from restoration, offered by Mecum here in 2021 where it was reported bid to $4 million but went unsold. The sympathetic restoration is still very good and aging gracefully if visibly. The reported high bid here is sufficient, even if it is not generous, for this Delahaye’s preservation, engine change and sublime F&F Teardrop coachwork.

Lot # S105 1969 Dodge Charger Daytona Hardtop Coupe; S/N XX29L9B358401; Hemi Orange, Black wing and tail band/Black vinyl; Estimate $250,000 – $265,000; Unrestored original 4- condition; With Reserve; Hammered Sold at $240,000 plus commission of 10.00%; Final Price $264,000. – 440/375hp, automatic, console, AM radio, tach, Super Sports wheels, gold line tires, hood pins, documented with two broadcast sheets, owner’s paperwork, owner’s and service manuals. Comes with a 1/64 scale Greenlight Model of this car. – Represented with two owners since new. Featured in Hot Rod Magazine, September 2015. Stored for decades on a family farm. In as-found condition. The paint is faded and won throughout with too many scrapes and scratches to count. The engine compartment is old and grimy and the underbody is oxidized. The interior seats and carpet have been redone and at least it doesn’t smell musty. An incredible barn find car. – Definitely given a premium for its barn find mystique even if that mystique is a few years old now. Nobody got carried away, though, and the best thing for the car now would probably be to just enjoy it as-is, reveling in the originality and those charmingly redneck added period graphics, just please, don’t make it into a General Lee.

Lot # S106 1957 Mercedes-Benz 300SL Roadster; S/N 1980427500523; Engine # 1989807500474; Silver Grey/Red leather; Black cloth top; Estimate $1,600,000 – $1,750,000; Older restoration 2+ condition; With Reserve; Not sold at Hammer bid of $1,300,000. – 2,996/240hp, 4-speed, Rudge-style centerlock wheels, Michelin XVS tires, tool kit, jack, owner’s manual, Wagenkarte copy. – Represented as the original matching numbers engine. Excellent clearcoat paint and barely used upholstery. Bright, consistent chrome. Restored like new with better paint and carefully maintained. – There were ten 300SL Roadsters in the Monterey auctions, scattered across four of the five auctions. Six of them sold, emulating the sell-through rates of high dollar cars. This is a representative result for most of them excepting only RM’s “original Rudge wheel” car that blew away all the others for reasons known only to RM’s bidders. The Rudge-style wheels on this Silver Grey 300SL Roadster look great even if they’re not original to the car and this was a realistic bid for it, the highest bid of all but the RM Roadster.

Lot # S109 1967 Maserati Ghibli SS Coupe, Body by Ghia; S/N AM115062; Red/Tan/Black; Modified restoration 2- condition; No Reserve; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500. – 4,930/335hp SS spec engine, ZF 5-speed, Borrani wire wheels, Dunlop tires, woodrim steering wheel, wood shift knob, power windows, air conditioning, original Blaupunkt pushbutton radio. – Restored in the 2000s with the engine upgrade to 4.9 litre SS specs. Tidy engine with some fuel stains below the carbs. Paint, chrome and wheels are showing their age but no major flaws. The glass all looks original. Both doors stick out a little bit at the bottom. Interior looks beautiful. An imperfect but solid Ghibli. – This Ghibli is an auction veteran, appearing at a Spectrum auction in Marina del Rey in 1999 and failing to sell at a now barely conceivable $18,000. Worldwide sold it at Auburn in 2011 for $99,000 after a restoration and RM at Arizona in 2014 for $170,500. Much more recently, it sold for $165K in Kissimmee last year. A realistic price would arguably be somewhere between that strong number and this soft one. This price, however, harkens back to 2011 or so, a dramatic retrograde move in a car almost as powerful as a Daytona Spider and, in the opinion of some, even better looking. The new owner, if he or she can be patient with the Maserati electrical system, got a great value in a beautiful, fast and luxurious car. This is a sound value.

Lot # S118 1956 Cadillac Eldorado Biarritz Convertible; S/N 5662047703; Alpine White/Red, White leather; White vinyl top; Estimate $100,000 – $120,000; Older restoration 2- condition; No Reserve; Hammered Sold at $80,000 plus commission of 10.00%; Final Price $88,000. – 365/305hp, automatic, gold Sabre wheels, whitewalls, parade boot, power windows, pushbutton signal-seeking AM radio, dash clock, EZ-Eye tinted glass, Sabre wheel spare.. – Nearly spotless engine. Beautiful paint and chrome. Slightly uneven fit on the doors, and there are chips on the back of the driver’s door. Light wear to the leather and some dirt visible on the white parts. Cracks in the steering wheel rim. A striking Biarritz that misses in a few details. – Sold at Barrett-Jackson in 2017 for $84,700, $77,000 hammer bid and bought today for a moderate price that balances the restoration’s age with its preservation and quality.

Lot # S128 1970 Chevrolet Camaro Z/28 Sport Coupe; S/N 124870L523599; Orange, Black stripes/Black vinyl; Estimate $100,000 – $120,000; Older restoration 2- condition; With Reserve; Not sold at Hammer bid of $50,000. – 350/360hp, 4-speed, power steering, power front disc brakes, rear spoiler, Z/28 wheels, Firestone Wide Oval tires, deluxe interior, stainless steel exhaust, build sheet documented. – Restored and represented as an original Z/28 with matching numbers. Paint is outstanding with only some small rock chips around wheel wells. Brightwork is decent and the bumpers are excellent. Window seals are cracked in places. Interior is excellent with the only notable flaw being a misaligned console lid. – This might have been an $80K Z/28 right after restoration, but it isn’t any more. It shows 14,014 miles both on the odometer and on the car and in some failing details like window seals that aren’t holding up well or were reused older ones. The driveline and suspension are notably great and desirable, but they don’t make up for the cosmetic deterioration and use. The reported high bid is chintzy but realistic on account of what will be needed to bring it back up to like new condition.

Lot # S143 1969 Chevrolet Camaro Z/28 RS 2-Dr. Hardtop; S/N 124379L520179; Lemans Blue (barely)/Black; Estimate $145,000 – $165,000; Unrestored original 4- condition; With Reserve; Hammered Sold at $200,000 plus commission of 10.00%; Final Price $220,000. – 302/290hp DZ engine, 4-speed close ratio, Rally Sport, power brakes, center console, AM radio, early Z/28 without cowl induction from the factory, authenticated by Jerry MacNeish, previously owned by Merle Duprey from 1982 to 2011 then bought by Paul Walker and Roger Rodas, sold back to Durprey after their deaths. – Represented as all numbers-matching drivetrain. Heavy patina, paint faded and cracking throughout where it isn’t surface rusted, the engine compartment is crusty but the engine is reportedly running, the interior has been redone and is functional, a heavily patinaed car with an interesting ownership history. – What is the new owner supposed to do with this thing? It’s a mostly solid restoration project, but at this price it’s more expensive than a perfect show-winner Z/28 RS. Walker and Rodas bought it as a project so they could finish it, but restoration would erase most of the celebrity connection, and nobody can be sure what he would have done with the car, anyway. Otherwise, though, it is just a ratty old sun-bleached Camaro that Paul Walker bought once, and that’s not much of a flex for $220,000. Without the Paul Walker connection this is a $50,000 car, on a very good day.

Lot # S151 1968 Shelby Mustang GT500 Convertible; S/N 8T03S174945-02448; Acapulco Blue, White sill stripes/Saddle vinyl; Black vinyl top; Estimate $150,000 – $200,000; Older restoration 3+ condition; With Reserve; Hammered Sold at $130,000 plus commission of 10.00%; Final Price $143,000. – 428/360hp, automatic, Shelby 10-spoke alloy wheels, Radial T/A tires, 3.50 rear axle, wheel well moldings, deluxe steering wheel, saddle decor bucket seats, Elite Marti Report documented. – Represented as original drivetrain and sheet metal. Older paint has some marks and cracks in places but still looks good overall. Glass, rubber, and brightwork are all in aged but sound condition. The interior appears to be largely original except for replacement seat upholstery. An honest looking car. – This is 2+ money for a 3+ older restored, but at least numbers-matching, GT500 automatic convertible. The color, however, is bright and sparkling making this a particularly attractive car with great presence on the auction block.

Lot # S161 2006 Ford GT Coupe; S/N 1FAFP90S36Y401084; Centennial White, Blue stripes/Ebony leather; Estimate $375,000 – $445,000; Unrestored original 2- condition; With Reserve; Hammered Sold at $360,000 plus commission of 10.00%; Final Price $396,000. – 330/550hp, 6-speed, McIntosh Audiophile stereo, standard wheels, stripes, grey painted calipers, air conditioning, power windows, mirrors and locks, standard accessories. – 801 miles and in excellent shape inside and out, very few signs of use, a lightly used car. – 2005-06 Ford GT prices have been a little soft this year, and this shows the trend continuing. This wasn’t a shockingly low result, even considering the 801 miles, but the seller was probably hoping for something over $400K which would have been more reasonable.

Tags: ,
Previous Post
Next Post

Comments

    • Ken Smith
    • September 26, 2024
    Reply

    I see lots of “ifs” in your comments, referring to “if there was money”, indicating doubt that there was an actual bid in the house. Have seen Wayne Carini refer in the past to “blue sky bids”, meaning the auctioneer was pulling phony bids out of the air. My question is, if this is not at least unethical, is it not illegal?

      • rickcarey1
      • September 26, 2024
      Reply

      Ken,
      You raise a good point.
      Taking bids from the chandeliers is widespread. In the case of lots with reserves it is politely described as “bidding on behalf of the reserve” in an attempt to lead real bidders to raise their own “money” bids. It is recognized in the auction guidelines and is legal in most if not all jurisdictions.
      In the case of lots without a reserve, “No Reserve” lots, chandelier bids are not acceptable, although what’s to prevent a consignor’s friend from bidding on the consignor’s behalf?
      The logic of chandelier bids is, I think, compelling. Say a lot has a reserve of $100K and a live bidder (in the room, on the internet or on the phone) stalls at $50K, a $55K chandelier bid has two outcomes: 1) the bidding stops at $55K and the lot is passed, or 2) the live bidder ponies up another bid to $60K. The lot still stalls and is passed, or the consignor can lift the reserve and sell the lot. The consignor has a price that is $10K more than the no-sale bid. The successful bidder has a car for $60K, having voluntarily decided it was worth it to him/her to bid that much even though he/she was egged on by the fantasy chandelier bid of $55K.
      Bidding for the reserve should not happen once the reserve is met.
      Everyone knows, or should know, the chandelier bidding practice may happen and makes an individual decision to bid $60K. It is up to the bidders to do their research on any lot they bid on and to know what a particular lot is worth to them. If they get strung along, and we’ve seen that happen to well beyond reasonable values in Monterey last month, that’s their choice.
      There is no excuse for not being informed about values, never bid on a lot that hasn’t been carefully vetted in the auction preview. Any bidder should make up their mind what a particular lot is worth to them and then bid to that amount (usually plus a small increment for enthusiasm and the thrill of “winning”).
      And so, yes, sometimes there are lots that realistically should have sold at a reported high bid “if there was money in the room” but the consignor was unwilling to lift the reserve.

      Rick

    • Ken Smith
    • September 27, 2024
    Reply

    Rick – Thanks for the reply. I always enjoy your quite honest appraisals of the auction results.

Leave a Reply

Your email address will not be published. Required fields are marked *