After a pair of post-COVID years in the rarified stratosphere RM Sotheby’s three-day Monterey auction came back to more dense atmosphere in 2023, still exceptional but less effusive than it was in 2021 and 2022.
It showed that RM understands it (and its Monterey competitors) can’t simply bulk up with hundreds of cars to build up the aggregate numbers. RM held the nightly offering to 57 cars on Thursday, 78 on Friday and 72 on Saturday, accessible aggregations that didn’t strain bidders’ endurance by extending bidding far into the evening.
Thursday featured the cars of Walter Medlin (the “Lost & Found Collection”) effectively and evocatively staged in all their collapsed barn damage, age and neglect at the back of the Portola Plaza. Cars from important collections like that of Terrence E. Adderley were scattered throughout the three days.
It was by a large margin the biggest sale of the week, no doubt pleasing Rob Myers by being just over twice the total achieved by Broad Arrow. The biggest disappointment came from the no-sale of Ferrari 250 LM s/n 6053 which was bid to $17 million but didn’t change hands.
On the other hand RM Sotheby’s announced, and displayed on-site, Ferrari 330 LM/250 GTO s/n 3765 which it will offer for sale in New York during Sotheby’s Modern and Contemporary Art auction on November 13, a transaction that no doubt will make Monterey’s 250 LM no-sale pale by comparison.
Here are the numbers:
| Year | Cars Sold/ Offered | Sale % | Sold < Low Est | Sold > High Est | Average Sale | Median Sale | Total $ |
| 2023 | 176/207 | 85% | 43.5% | 13.5% | $880,844 | $401,000
[45.5%] |
$155,028,540 |
| 2022 | 181/190 | 95.3% | 49.5% | 20% | $1,343,709 | $566,000
[42.1%] |
$243,211,340 |
| 2021 | 147/163 | 90.2% | 37.4% | 24.5% | $1,010,266 | $434,000
[43%] |
$148,509,100 |
| 2019 | 134/184 | 72.8% | 64.9% | 9.7% | $799,535 | $285,500
[34.7%] |
$107,137,710 |
On-site observations and photos are by Rick Carey, Andrew Newton and Greg Ingold.
Lots are sorted in lot number order. There are several missing photos which are probably misfiled and I’ll try to locate and update them later.
Lot # 108 1999 Ferrari F355 Spider Convertible, Body by Pininfarina-Scaglietti; S/N ZFFXR48A4X0116306; Tour de France Blue/Tan leather, Blue piping and trim; Blue cloth top; Estimate $175,000 – $225,000; Unrestored original 2 condition; No Reserve; Hammered Sold at $190,000 plus commission of 12.00%; Final Price $212,800. – 3,496/380hp, 6-speed, power steering, air conditioning, CD stereo, power windows, manuals, tools. – Like new and a very appealing interior color palette. The odometer shows 8,001 miles, the car is so well-presented it could even be lower mileage. Engine-out serviced in 2020. – An overall highly appealing F355 Spider with unusually attractive colors and showing all the indicia of consistent care and attention that earned it a handsome but deserved price in this transaction. The Spider is very blue, but the new owner won’t be blue about buying it.
Lot # 109 1984 Mercedes-Benz 500SEL AMG 5.4 4-Dr. Sedan; S/N WDB1260371A067844; Engine # 11796312058382; Black/Tan leather; Estimate $100,000 – $150,000; Visually maintained, largely original 3+ condition; No Reserve; Hammered Sold at $75,000 plus commission of 12.00%; Final Price $84,000. – 5.4/306hp, automatic, full leather interior, sunroof, rear window privacy shades, gold-plated Clarion Hi Fi stereo, documented invoice from AMG. – Showing 31,060 miles. Grey market import. There is a noticeable crack in the bumper filler by the right headlight washer nozzle. The underbody has noticeable surface rust at the body mount brackets. The engine and mechanicals are aged and grimy. The interior has light wear throughout. An interesting car that shows wear from regular use throughout. – Hard used despite the low miles but romping across Texas in the 80’s and 90’s where it lived for many years with 306hp and full AMG suspension upgrades must have been satisfying, and it still will be so today. There are other choices today, however, and this is an AMG-specific, limited edition, result.
Lot # 110 1952 Kurtis Kraft 4000 “Bowes Seal Fast” Special Champ Car; S/N 346; White, Black/Tan leather; Estimate $275,000 – $350,000; Competition restoration 2- condition; No Reserve; Hammered Sold at $100,000 plus commission of 12.00%; Final Price $112,000. – 270 Offy, fuel injection, disc magnesium centerlock wheels, Firestone tires, 4-wheel disc brakes – Fifth at Indy in 1952 driven by Art Cross, the first-ever Rookie of the Year. AACA certified, 1996 Pebble Beach Class winner and Tony Hulman Cup. Very good older paint and stretched upholstery. Polished chrome suspension. Minor scrapes on the number graphics. The inside of the mag wheels are efflorescing. Aging, but gracefully. – Sold here in 2015 for a whopping $495,000, interest in these cars is way off its peak. This is an historic Champ Car (oval or dirt) with a creditable history and it brought a barely hot rod price, a seriously good value for someone who appreciates American oval racing history and the craftsmanship of Frank Kurtis’s shop.
Lot # 111 1992 Lancia Delta HF Evoluzione I Martini 6 Hatchback; S/N ZLA831AB000580786; White, Martini graphics/Blue Alcantara; Estimate $130,000 – $170,000; Unrestored original 2- condition; No Reserve; Hammered Sold at $105,000 plus commission of 12.00%; Final Price $117,600. – 1,995/210hp, 5-speed, Martini 6 Edition, Clarion cassette stereo, white painted alloy wheels, includes Lancia Martini storage bag, jack and emergency kit. – Showing 48,972 km. One of 310 Martini 6 examples built to celebrate Lancia’s sixth WRC title. The paint and body are very good. The engine compartment shows slight aging and oxidation to exposed metal parts. The interior is very good and the door cards even have the protective plastic on them still. A very interesting and well-presented Delta Integrale. – Remarkably preserved and exciting to drive, it’s still a 4-Dr. Sedan that only afficionados will understand and appreciate. Its drivers, however, will exult in the screaming performance and the pops and giggles from the wastegate. This result would have been better in Europe where Group B homologation cars are better understood but it is real money in the U.S.
Lot # 112 2013 Ferrari F12berlinetta Berlinetta, Body by Pininfarina-Scaglietti; S/N ZFF74UFA1D0194930; Berlinetta Rosso/Beige leather; Estimate $300,000 – $400,000; Unrestored original 2 condition; With Reserve; Hammered Sold at $277,500 plus commission of 11.80%; Final Price $310,250. – 6,262/731hp, 7-speed automanual, all-wheel drive, carbon brakes, matte grey alloy wheels, Pirelli tires, black calipers, Red upholstery stitching, carbon fiber interior trim. – Ex-Michael Fux. 1,876 miles and like new, with 2020 annual service and new tires. – Minimal mileage and showroom condition brought this somewhat generous result for this F12berlinetta. The sad fact is that it’s ten years old and has been driven less than 190 miles per year when it should have been enjoyed 190 miles on every weekend.
Lot # 117 2011 Ferrari 599 GTO Berlinetta, Body by Pininfarina-Scaglietti; S/N ZFF70RCA0B0183377; Bianco, Rosso/Rosso; Estimate $750,000 – $900,000; Unrestored original 2 condition; No Reserve; Hammered Sold at $940,000 plus commission of 10.53%; Final Price $1,039,000. – 5,999/661hp, 6-speed paddle shifter, red calipers, Scuderia shields, approximately $140,000 in options including bespoke livery, white gauges, fire bottle, carbon fiber trim, Bose audio. – With just 263 miles and one owner from new, this is still a like new car inside and out. – Just the third Ferrari designated GTO, the 599 GTO was developed from the 599XX prototype track car and benefitted from Scuderia Ferrari’s F1 wizardry, enough to beat the Enzo around Fiorano. Just 125 were sold in the United States, and this is the most expensive public sale of a 599 GTO as well as the first one to break a million dollars despite its garish clown-like assortment of red accents and streamers. Maybe “harlot” is a better analogy for the livery?
Lot # 118 1979 Ferrari 512 BB Berlinetta, Body by Pininfarina-Scaglietti; S/N 27117; Red/Black leather; Estimate $250,000 – $300,000; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $215,000 plus commission of 12.00%; Final Price $240,800. – 4,942/360hp, 5-speed, centerlock alloy wheels, Michelin XWX tires, power windows, Borletti air conditioning, Pioneer cassette stereo – Cracked wing and roof. Sloppy windshield sealing. Worn upholstery. New tires. Clean engine compartment. Original undercoat in the wheelwells. Belt serviced in October 2022 with new tires later. The odometer shows 4,562 miles which must need a “10” in front to match the upholstery and pedal wear. – Sold for $263,200 at Gooding Pebble Beach in 2021, then post-block sold at RM Miami in December 2022 for $250,000 all-in, this 512 BB came back just eight months later without reserve but looking sorely used. Someone is glad to be rid of it.
Lot # 119 1965 Ferrari 330 GT SI Coupe 2+2, Body by Pininfarina; S/N 6549; Engine # 6549; Metallic Green/Butterscotch leather; Estimate $250,000 – $325,000; Cosmetic restoration 3 condition; No Reserve; Hammered Sold at $320,000 plus commission of 11.56%; Final Price $357,000. – 3,967/300hp, 5-speed, chrome spoke Borrani wire wheels, Pirelli tires, headlights paired with yellow lens foglights. – $105,000 cosmetic restoration completed in 2017 and represented as the original engine. Recent clearcoat paint. Sound chrome and inviting new upholstery and interior trim. Fenderwells painted over old, cracked undercoat. Orderly engine compartment with no apparent seepage. – The Verde Metallico color and rich “Cuoio Naturale” leather livery is enticing, so enticing that the rest of the rather ordinary car following its cosmetic restoration was overlooked in arriving at this exceptional price. The buyer may wake up on Saturday with a hangover.
Lot # 120 1959 Ferrari 250 GT Coupe, Body by Pinin Farina; S/N 1391GT; Engine # 1391GT; Blu Genziana/Tan leather; Estimate $575,000 – $650,000; Recent restoration 2- condition; With Reserve; Hammered Sold at $660,000 plus commission of 10.76%; Final Price $731,000. – 2,953/240hp, 4-speed, chrome spoke Borrani wire wheels, Pirelli tires, Becker Grand Prix multiband radio, tools, manuals. – Represented as the matching numbers engine. Good paint, chrome and interior. Lightly stretched driver’s seat cushion. Flush panel fits, even gaps. Orderly restored chassis and underbody. The hood is slightly bowed. Orderly engine compartment. – 250 GT Pf Coupes are on a roll. Once rebodied to create Testa Rossa replicas, the purity and clean lines of Pinin Farina’s original design have come back into collectors’ consciousness and values have taken off. This is quite ordinary restored example, done to high standards but not exceptional as its show history at the FCA Nationals and Cavallino without winning anything attest. Nevertheless it brought an eye-opening price helped in no small degree by the Blu Genziana (Gentian Blue) color change. It was well-chosen by the owner and was amply rewarded in this transaction.
Lot # 121 1972 Ferrari 246 GT Dino Berlinetta, Body by Pininfarina-Scaglietti; S/N 03354; Argento Metallizzato/Nero; Estimate $400,000 – $500,000; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $390,000 plus commission of 11.28%; Final Price $434,000. – 2,419/195hp, 5-speed, Cromodora alloy wheels, Michelin XWX tires, covered halogen headlights, power windows, E-Series. – U.S. spec delivered in California to Rolling Stones guitarist Keith Richards. Exported to the U.K. and driven some 25,000 miles while touring in Europe. The catalog notes it may have “no small number of untold, and possibly unprintable, stories”. Decent clearcoat paint, older upholstery that is creased and losing its headrest stuffing, possible after “unprintable” use. Poor windshield trim chrome. Front lid doesn’t close flush nor do the headlight covers. The engine compartment and chassis are cleaned but not restored. Superficial. – This is a wonderful history that, even after selling for $572,653 at Bonhams Goodwood Revival auction in 2018 (£442,750 at the time, this result is £340,700) could do no better than this, an under-market price for a car with great history although it is improbable that either Keith Richards or the new owner is physically flexible enough to reproduce some if its experiences of the 70’s.
Lot # 122 1962 Ferrari 250 GTE Coupe 2+2, Body by Pininfarina; S/N 4089; Rosso Barchetta/Nero leather; Estimate $400,000 – $500,000; Cosmetic restoration 3+ condition; No Reserve; Hammered Sold at $490,000 plus commission of 11.02%; Final Price $544,000. – 2,953/240hp, 4-speed, chrome spoke Borrani wire wheels, Pirelli tires, Blaupunkt multiband radio, halogen headlights, Marchal fog lights. – The cataloged story is that this 250 GTE was purchase for about the same money as another car at the dealer in 1963, a used 250 GTO. The financial consultant listened to his wife who recognized the GTE’s practicality for their young family and bought the GTE and it is being sold from their ownership here. Very good paint and chrome but not so good interior trim. The underbody has old undercoat and the deck lid is misaligned. – It’s a nice story, but the owner’s clients may hope his financial advice proved better than his personal decision, a case of “Do what I say, not what I do.” It’s not that great a GTE, either, but has the benefit of being a one family owned and thoughtfully preserved car from new which helps substantiate the generous price paid for it. GTE and 330 GT 2+2 prices have been on a roll, perhaps as aging collectors look for cars to impress their grandchildren.
Lot # 124 1977 Ferrari 400 Automatic 2+2 Coupe, Body by Pininfarina; S/N 22097; Engine # 00514; Rosso Nearco/Black leather, Red stripes; Estimate $25,000 – $50,000; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $33,000 plus commission of 12.00%; Final Price $36,960. – 4,823/340hp V-12, 6×2 Weber carburetors, automatic, Borletti air conditioning, Kenwood cassette stereo, power windows, Momo steering wheel, ANSA exhaust, Cromodora alloy wheels. – Dull original paint, sound upholstery and bright trim. Dirty engine compartment. The first of the Walt Medlin cars rescued from the Hurricane Charley building collapse in 2004. Doesn’t appear to have taken any significant damage but driven just 20 or so km since it was acquired in 2003 and will need comprehensive recommissioning before it can be used. – This result is a bit generous given the car’s long dormancy but reflects the expectation that surrounded the “Lost & Found” collection offered by RM here in Monterey and was an economical way to get a piece of a legendary collection (with carburetors) that would go on to set some memorable prices over the next 20 lots.
Lot # 125 1965 Ferrari 330 GT SI Coupe 2+2, Body by Pininfarina; S/N 7195; Engine # 7195; Silver/Silver leather; Estimate $100,000 – $200,000; Visually maintained, largely original 4+ condition; No Reserve; Hammered Sold at $87,500 plus commission of 12.00%; Final Price $98,000. – 3,967/300hp, 5-speed, wide Borrani wire wheels, mismatched narrow whitewall tires, power windows. – Restamped engine block, accompanied by the original block. Rust bubbles in the front fenders and passenger’s door. Dull old paint. Creased dry upholstery. Dull chrome. Damaged roof. Original engine block included but not installed. A project car from the Walt Medlin “Lost & Found” collection. – This might be a quarter-million dollar car but it is a long way, long time and deep pockets between here and there, a fact the price it brought recognizes. And at the end of the odyssey it’s still a quad light 330 GT Series one.
Lot # 126 1968 Ferrari 206 GT Dino Berlinetta, Body by Pininfarina-Scaglietti; S/N 00212; Engine # 0004624; Rosso Dino/Black vinyl, Green cloth inserts; Estimate $250,000 – $350,000; Unrestored original 4- condition; No Reserve; Hammered Sold at $410,000 plus commission of 11.22%; Final Price $456,000. – 1,987/180hp V-6, 5-speed, Cromodora centerlock alloy wheels, Goodyear Radial G/T tires. – Derelict. Peeling paint. Deteriorated upholstery but complete and mostly there. Filthy, grimy engine compartment. Represented as the numbers-matching engine and gearbox (no. 59). To say it needs “everything” is to err on the side of optimism. Walt Medlin “Lost & Found” Collection. – One of the stars of the Medlin mess, a lightweight aluminum bodied Dino 206 GT that isn’t physically damaged by falling pole building beams but is as scroungy as it can be. Its only purpose will be as the basis for an expensive comprehensive restoration of every nut, bolt and panel, an endeavor that might have made sense at RM’s pre-sale estimate range but at this price does not promise to be rewarding financially, a labor of love not fiscal reality.
Lot # 127 1960 Ferrari 250 GT Coupe, Body by Pinin Farina; S/N 1775GT; Engine # 1775GT; Red/Rosso leather; Estimate $200,000 – $300,000; Unrestored original 5 condition; No Reserve; Hammered Sold at $250,000 plus commission of 12.00%; Final Price $280,000. – 2,953/240hp, 4-speed, Borrani wire wheels. – Rust-ridden body. Dead, dry, moldy, mildewed upholstery. Filthy engine compartment. Needs everything and then some. Driver’s door drops. Represented as the numbers-matching engine, rescued from obscurity and neglect in Walt Medlin’s “Lost & Found” Collection where it has been since 1987. – “Originality” is not a concern with the Pf Coupe even though it is clearly highly original aside from an antique, peeling repaint in Resale Red. A costly, lengthy and expensive total restoration awaits this Pf Coupe that has thankfully survived its neglect without being turned into a Testa Rossa replica and is now worth restoring although as a practical matter starting at this price the restoration is likely to cost more than it will be worth when it’s done.
Lot # 128 1964 Ferrari 250 GT/L Lusso Coupe, Body by Williams & Pritchard; S/N 5521GT; Engine # 5521GT; Rosso/Black vinyl, cloth inserts; Estimate $600,000 – $1,000,000; Modified for competition during restoration 3- condition; No Reserve; Hammered Sold at $820,000 plus commission of 10.61%; Final Price $907,000. – Alloy bodied by Williams & Pritchard in a fanciful combination of Lusso and GTO styles. wide chrome spoke Borrani wire wheels, roll bar, 6 Webers, cold air box, dry sump, chrome spoke Borranis, roll cage, 4-point belts, fuel cell with fill through right rear quarter window, Recaro seats. – The result has a Nembo-ish charm. Represented as 1986, 1987 Maranello Challenge winner in the UK. Good cosmetics but shows use. Decent old paint, no chrome. Sound interior. Neglected since acquisition by Walt Medlin’s “Lost & Found” Collection in 2002. – A sexy-looking take on the 330 LMB Le Mans car with abundant high performance features and development over the years but largely neglected since 2002. It sold at Barrett-Jackson in 2002 for $189,000, then by RM at Monterey seven months later for $220,000 before being acquired by Walter Medlin in 2003. It’s a GTO in effect if not in fact and suitably refurbished should be a wonderful track car but it’s also expensive in this transaction.
Lot # 129 1972 Ferrari 365 GTB/4 Daytona Berlinetta, Body by Pininfarina-Scaglietti; S/N 14663; Engine # B1344; Rosso Corsa/Black leather; Estimate $400,000 – $500,000; Visually maintained, largely original 4- condition; No Reserve; Hammered Sold at $360,000 plus commission of 11.39%; Final Price $401,000. – 4,390/352hp V-12, 5-speed, Veglia air conditioning, power windows, centerlock Cromodora alloy wheels, Marelli ignition modules, painted nose panel, Nakamichi stereo – Loose seats. Carburetors and distributors missing. Decent old paint and upholstery. Monterey seagull droppings add to the neglected presentation. Represented as the matching numbers engine. Walt Medlin “Lost & Found” Collection since 1996. – Oh, what will the new owner find that needs attention beyond the carburetors and distributors? Plenty of things is the most probable answer and even this under-estimate price isn’t enough to compensate for the risk and uncertainty with Daytona values wobbling in a downward trend these days.
Lot # 130 1965 Ferrari 275 GTB/6C Alloy Berlinetta, Body by Pininfarina-Scaglietti; S/N 07809; Engine # 07809; Rosso/Black vinyl, velour inserts; Estimate $2,000,000 – $2,500,000; Unrestored original 4 condition; No Reserve; Hammered Sold at $3,000,000 plus commission of 10.17%; Final Price $3,305,000. – 3,286/300hp, 5-speed, Borrani wire wheels, alloy body, long nose. – Peeling paint, worn and stiff upholstery. Dirty but complete engine compartment. 1965 Turin Auto Show display car, raced in the Targa Florio in 1966, a dnf after two laps. A rare car in deplorable condition from the Walter Medlin Collection’s collapsed warehouse. – There’s some mystique in the Walt Medlin story but not enough to support this result even with the (unsuccessful) Targa Florio history, especially when another $105,000 (all-in) bought the comparable Fly Yellow alloy bodied 275 GTB/6C (s/n 08157) in presentable, running, driving condition at Mecum’s Monterey auction a day later.
Lot # 131 1966 Ferrari 330 GT SII Coupe 2+2, Body by Pininfarina; S/N 8563; Engine # 8563; Azzurro Patina/Bleu Nuvola leather; Estimate $150,000 – $250,000; Incomplete restoration 5 condition; No Reserve; Hammered Sold at $162,500 plus commission of 12.00%; Final Price $182,000. – RHD. 3,967/300hp V-12, 5-speed, centerlock alloy wheels. – Paint stripped to primer years ago, then left. Dry, cracked, seam pulled upholstery. No steering wheel wood. A sorry, decrepit disaster with righthand steering from the Walter Medlin collection. – The only conceivable reason for paying this much for this rolling disaster is that it go to the UK where it can be restored and sold somewhat advantageously in a righthand drive environment. About the best thing that can be said for it is that it doesn’t display any serious body rot, and that’s not much to say.
Lot # 132 1967 Ferrari 330 GTS Spider, Body by Pininfarina; S/N 9715; Engine # 9715; Argento Metallizzato/Nero Franzi leather; Estimate $1,500,000 – $2,000,000; Visually maintained, largely original 4+ condition; No Reserve; Hammered Sold at $1,010,000 plus commission of 10.50%; Final Price $1,116,000. – 3,967/300hp, 5-speed, chrome spoke Borrani wire wheels, power windows, Sanyo cassette stereo – Disassembled inside but good older paint and chrome. Decent upholstery, too. Represented as the numbers-matching engine and gearbox. Sold at the Rick Cole Monterey auction in 1996 for $140,450 where it was described as “Best viewed from 50 feet away.” That has stretched to at least 150 feet today. Walt Medlin “Lost & Found” Collection. – Not nasty like many of the other Medlin cars, but clearly no better than a restoration project that has a present value after expert completion of a little over $2 million. The new owner would be well-advised to rush it into the restoration to get it completed before a market readjustment affects the restored car’s value.
Lot # 133 1956 Ferrari 250 GT Berlinetta, Body by Pinin Farina; S/N 0469GT; Engine # 0469GT; Celeste, Nero roof/Naturale leather; Estimate $1,700,000 – $2,300,000; Unrestored original 5+ condition; No Reserve; Hammered Sold at $1,500,000 plus commission of 10.33%; Final Price $1,655,000. – 2,953/220hp, 4-speed, centerlock wire wheels. – Peeling paint with surface rust. Broken rear glass. Stiff, dead original upholstery. Mostly all here but needs everything. One of four special 250 GTs built by Pinin Farina and sold to its first owner the King of Morocco. From the Walt Medlin “Lost & Found” Collection where it’s been squirreled away for half a century still with (some of) its original paint and upholstery. – Although the outward similarity to a Boano/Ellena is evident this is a different car with Pinin Farina coachwork, developed and finished to a higher standard to satisfy Ferrari’s most important clients. As such it deserves the exceptional value which the Monterey bidders put on it… and the frighteningly expensive restoration it will require. A few years from now when it almost inevitably appears early Sunday morning on the lawn at Pebble Beach we’ll look back on this transaction and see a risk undertaken and compensated by concours recognition. It’ll still be expensive.
Lot # 134 1956 Ferrari 410 Superamerica Berlinetta, Body by Pinin Farina; S/N 0497SA; Engine # 0497A; Red/Black leather; Estimate $1,600,000 – $2,200,000; Visually maintained, largely original 4+ condition; No Reserve; Hammered Sold at $2,550,000 plus commission of 10.20%; Final Price $2,810,000. – 4,963/340hp, triple Webers, 4-speed, Borrani wire wheels, Cinturato tires, Marchal headlights and grille-mounted fog lights. – Dull old paint and chrome. Torn, stiff original upholstery. Missing the front fender vent grilles. Filthy, grimy engine compartment. No steering wheel. 1956 Paris Show car and in the Medlin Collection since 1974, one of just 12 Series I 410 Superamericas sold first to a Swiss who retained it for only half a year. Originally in Blu Artico over Naturale leather and sadly neglected but largely complete. – This is a $2.8 million car in concours condition which sold for $2.8 million from the Medlin Collection here in Monterey. That makes no sense, but such is the allure of bringing a great, sexy, powerful Ferrari back to life after a half century in oblivion.
Lot # 135 1969 Ferrari 365 GT Coupe 2+2, Body by Pininfarina; S/N 12161; Engine # 12161; Brown Metallic/Beige leather; Estimate $125,000 – $200,000; Unrestored original 5- condition; No Reserve; Hammered Sold at $105,000 plus commission of 12.00%; Final Price $117,600. – 4,390/320hp, 5-speed, power windows, centerlock alloy wheels, air conditioning. – Crushed roof, smashed windshield and rear window after a roof beam fell on it when Walt Medlin’s storage building collapsed during Hurricane Charley in 2004. Dead upholstery. A resuscitation project. – Even at this under-estimate hammer price this is still an expensive car that needs total restoration on top of major structural repairs to the crushed roof and who knows what else after sitting dormant since 1979, almost half a century of neglect that didn’t prove to be so benign when the building it was in collapsed.
Lot # 136 1971 Ferrari 365 GTB/4 Daytona Berlinetta, Body by Pininfarina-Scaglietti; S/N 14341; Engine # B1148; Red/Rosso leather, black bars; Estimate $450,000 – $550,000; Visually maintained, largely original 4 condition; No Reserve; Hammered Sold at $450,000 plus commission of 11.11%; Final Price $500,000. – 4,390/352hp, 5-speed, Cromodora centerlock alloy wheels, Michelin tires, Veglia air conditioning, Voxson 8-track stereo, power windows, painted nose panel. – Spark plugs removed and carburetors covered with shop rags. Sound old repaint, worn original upholstery with pulled driver’s seat seams but deserving to be restored. Grubby engine compartment. Represented as the numbers-matching engine and gearbox but the empty spark plug holes do not give much hope the engine turns over. Walt Medlin Collection since 1996. – The rich red upholstery and red seat bars of this Daytona is, by itself, good and sufficient reason to buy it, a combination that is striking and inviting. The rest of the car, despite coming out of Medlin’s collapsed Florida barn after Hurricane Charley, is sound even though sadly neglected. Refinished in its original Azzuro La Plata (a color recently resurrected by Ferrari) with the original leather it will be a show-stopper. In contrast to many of the earlier Medlin cars that crossed the block today this Daytona stopped at a relatively realistic number that gives some hope it will receive the restoration it deserves in its original color with the original upholstery preserved.
Lot # 137 1965 Ferrari 275 GTS Spider, Body by Pininfarina; S/N 06923; Engine # 06923; Red/Tan leather; Black cloth top; Estimate $1,200,000 – $1,600,000; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $920,000 plus commission of 10.54%; Final Price $1,017,000. – 3,286/260hp, 5-speed, chrome spoke Borrani wire wheels, Blaupunkt cassette stereo. – Dirty but sound and complete other than the shift knob. Clear, crisp gauges. Aged but sound chrome. Originally Giallo Solare over Nero leather, in the Medlin collection since 2003. Represented as the matching-numbers engine. – Apparently undamaged in the Hurricane Charley building collapse but left to deteriorate from disuse and neglect. This 275 GTS is not as bad as most of the Medlin cars, it’s just been left to molder and decline in Florida’s heat and humidity and has the potential to be resuscitated for a reasonable cost that might be held within its restored value. An unusually responsible price within the Medlin cars.
Lot # 138 1972 Ferrari 365 GTC/4 Coupe, Body by Pininfarina; S/N 14977; Engine # 00142; Black/Black leather; Estimate $175,000 – $250,000; Visually maintained, largely original 4+ condition; No Reserve; Hammered Sold at $135,000 plus commission of 12.00%; Final Price $151,200. – 4,390/340hp, 6 side draft Webers, 5-speed, Borrani centerlock alloy wheels, Pirelli tires, air conditioning, power windows. – Mediocre old repaint. Soiled upholstery and chrome. Not messed up, but given little care, either. Represented as the original engine and differential. In the Walt Medlin Collection since 2011 and apparently undamaged in the Hurricane Charley building collapse. – Far better than most of the Medlin cars in today’s auction, it’s almost tragic that this C/4 has survived relatively well and undamaged while much more desirable Medlin cars were treated much worse. This price could still have found a much better C/4 to buy but among the Medlin cars and their stories it represents a decent value.
Lot # 139 1976 Ferrari 308 GTB Vetroresina Berlinetta, Body by Pininfarina; S/N 19545; Engine # 01756; Rosso Corsa/Tan leather; Estimate $125,000 – $200,000; Unrestored original 4 condition; No Reserve; Hammered Sold at $70,000 plus commission of 12.00%; Final Price $78,400. – 2,927/255hp, 5-speed, 5-spoke alloy wheels, Blaupunkt cassette stereo. – Crushed windshield. Covered in fire suppression or sheetrock residue. Represented as the original engine and gearbox. Worn original upholstery. In the Medlin collection since 1979. A sound and complete car other than the windshield. – Finally, a bargain among the Medlin “Lost & Found” offering, this Vetroresina 308 GT is minimally damaged and is one of just 712 built before Ferrari went to heavier steel bodywork. Fiberglas repairs will not be apparent or detract much from originality. It is a sound value in this transaction despite its years of neglect.
Lot # 140 1954 Ferrari 500 Mondial Spider; S/N 0406MD; Engine # 0440MD; Patina/None; Estimate $1,200,000 – $1,600,000; Competition car, original as-raced 5- condition; No Reserve; Hammered Sold at $1,700,000 plus commission of 10.29%; Final Price $1,875,000. – — Wrecked, then burned and left that way. Has a 750 engine (0440MD), deDion rear axle, (“matching-numbers”) transmission and chassis plate. but that’s about all. Oh, and there’s a stamped left front suspension mount and the (bedraggled) original firewall plate. Racing history in Italy and in the Mille Miglia, rebodied by Scaglietti. Preserved like this since the 60’s and in Walt Medlin’s collection since 1978.
– Wadded up in a ball with twisted, compressed and fire damaged frame and the wrong engine, this is a daunting project, more a reconstruction (to use Denis Jenkinson’s term) than a restoration. Not much can be salvaged from the wreck that was offered here and it will take a diligent and expensive search to find either the original engine or an appropriate 500. Still, we’ve seen pure 500 Mondials bring $5 million and none are really “pure”, having endured the vicissitudes of serious racing at the hands of erratic talents and red-eyed winners. Preserve these pictures, though, because some day 0406MD will turn up, decompressed and reconstituted as a real car and we can say, “We saw it like this.”
Lot # 141 1978 Ferrari 512 BB Competizione Berlinetta; S/N 24131; Engine # 4; Red, Black sills/Black vinyl, cloth inserts; Estimate $1,800,000 – $2,800,000; Competition car, original as-raced 4- condition; No Reserve; Hammered Sold at $1,350,000 plus commission of 10.37%; Final Price $1,490,000. – 4,942/460hp, Weber carburetors, Campagnolo alloy wheels, aluminum wing. – Le Mans 1978 driven by Delaunay, Buerin and Young, a dnf in the 19th hour. One intermediate owner before being acquired by Walt Medlin in 1981 and sequestered there since. As raced long ago and untouched since ’78. – A seriously charismatic if little acknowledged competition Ferrari and a car that will find an open arms welcome at historic events. Making it run like it should and be safe will cost a fortune but there is room at this price to do that without overcoming its Le Mans history and performance.
Lot # 142 1980 Ferrari 512 BB Berlinetta, Body by Pininfarina; S/N 31359; Engine # 00563; Rosso, Black sills/Beige leather, black bars; Estimate $100,000 – $200,000; Visually maintained, largely original 4+ condition; No Reserve; Hammered Sold at $135,000 plus commission of 12.00%; Final Price $151,200. – 4,942/360hp, Weber carburetors, 5-speed, Yamaha cassette stereo, Veglia air conditioning, power windows, MSD ignition modules, Cromodora centerlock alloy wheels. – Sound, original and neglected. Orderly old engine compartment. Needs lots of work but does not need restoration. In the Walt Medlin collection since 1996. – Bought over RM’s low estimate but not far over it, this 512 BB is even in its long-neglected status a realistic value that has none of the structural damage or serious neglect seen in many of the other Walt Medlin cars.
Lot # 143 1991 Ferrari Testarossa Berlinetta, Body by Pininfarina; S/N ZFFSG17A2M0087786; Engine # 25656; Rosso Corsa/Beige leather; Estimate $75,000 – $150,000; Unrestored original 3- condition; No Reserve; Hammered Sold at $110,000 plus commission of 12.00%; Final Price $123,200. – 4,942/390hp, 5-speed, air conditioning, manuals, window sticker, invoice, tool roll. – Sound, original, aged and neglected with older paintwork and original interior. Acquired by Walt Medlin in 2003 and virtually untouched since then. Represented as the numbers-matching engine and gearbox. – Sound and visually undamaged but stored for twenty years with no appreciable use, this is a sound buy even though its needed service invoices will not be pleasant. The result here is typical of those in the 20-lot Medlin “Lost & Found” Collection where enthusiasm for a part of the Medlin legend propelled bidding through reasonable limits.
Lot # 146 1949 Kurtis Kraft “Pearson FWD” Special Indy Car; S/N C32549; Blue/Brown leather; Estimate $350,000 – $500,000; Competition car, original as-raced 4+ condition; With Reserve; Not sold at Hammer bid of $200,000. – 270 Offenhauser, Riley carburetors, Bosch magneto front wheel drive, 4-wheel drum brakes, comes with documentation and a spares package. – Designed by Leo Goosen and built by Frank Kurtis for driver Gil Pearson. Never raced but used in the 1949 Mickey Rooney film “The Big Wheel”. Retained by Pearson until 1994, then restored. Displayed at Pebble Beach in 2001. Chipped, dull old paint. Dry, cracked old upholstery. Rusty chrome. Dried out old tires. Not bad, just old. – Indy Car expert Greg Schneider waxed enthusiastic about the innovative design and details of this car but its lack of race history and general age of the restoration consigned it to this result on the block although it was later reported sold at an undisclosed price.
Lot # 147 2002 Ferrari 575M Maranello Coupe, Body by Pininfarina-Scaglietti; S/N ZFFBV55A220129306; Silver/Red; Estimate $350,000 – $425,000; Unrestored original 2- condition; No Reserve; Hammered Sold at $300,000 plus commission of 11.67%; Final Price $335,000. – 5,748/515hp, 6-speed manual, red calipers, Bridgestone Potenza tires, Scuderia shields, Daytona-style seats. – Represented as one of 177 left-hand drive cars with a manual, represented as 17,469 miles from new. Belt service last year. Good paint. Scuff on the left front wheel. Lightly worn seats. 2022 belt service. A standard used modern Ferrari, but the colors and the manual make it a standout. – The stick shift premium on modern Ferraris gets higher and higher the later the model year, and the 575M has one of the widest price gulfs between flappy paddles and gated shifters. Stick shift 575s routinely bring double what their semi-auto siblings bring, and this car is yet another example of the trend. It also sold for $308,000 at Gooding Scottsdale six years ago putting this result right in line with its marketplace history.
Lot # 149 1974 Alpine-Renault A110 1600 VD Coupe; S/N A1101600VD20266; Engine # 20266; Blue/Black; Estimate $150,000 – $175,000; Competition restoration 3- condition; No Reserve; Hammered Sold at $100,000 plus commission of 12.00%; Final Price $112,000. – 1800cc four with dual Webers, 5-speed, alloy wheels, Avon tires, Momo Prototipo steering wheel, leather and cloth seats, roll bar. – Believed to be the only 1600 VD model in the US. Equipped from new with 1800-cc Works racing engine. Delivered new to a French Group 1 driver who rallied it before converting it to street use. More recently used for historic racing in the US. Chips and cracks throughout the paint. Dirty but solid engine. Aged wheels. Worn interior. A rally warrior treated as such. – This used but very well-equipped A110 sold for $168,000 in late 2020 at RM’s Elkhart Collection sale, an auction notable for surprisingly high prices almost across the board. This result is more appropriate to the car’s condition, but given its configuration, rarity and performance, it’s a lot of car for the money at either price.
Lot # 156 1960 Alfa Romeo Giulietta Spider Veloce Convertible, Body by Pinin Farina; S/N AR149510204; Engine # AR0010600261; Silver-Grey/Red leatherette; Black cloth top; Estimate $120,000 – $160,000; Recent restoration 2+ condition; No Reserve; Hammered Sold at $80,000 plus commission of 12.00%; Final Price $89,600. – 1,290/103hp, dual Webers, 5-speed, hubcaps, Michelin tires, tools, owner’s manual, Alfa Romeo Museo Storico documented. – Excellent clearcoat paint, interior and chrome. Freshly restored like new. Represented as the numbers-matching engine. Impossible to fault in any meaningful way. – Admittedly my look at this Alfa was quick but I saw nothing that condemned it to this price and it could have brought six-figures without a qualm. At this price it is a great value.
Lot # 219 1992 Lancia Hyena Coupe, Body by Zagato; S/N ZLA831AB000576660; Grigio Alloy/Turquoise; Estimate $300,000 – $400,000; Visually maintained, largely original 2- condition; No Reserve; Hammered Sold at $220,000 plus commission of 12.00%; Final Price $246,400. – 1,995/320hp, 5-speed, gray alloy wheels, Michelin tires, suede seats, white gauges. – Showing 31,200 km (19,387 miles). Rare Hyena with lighter Zagato coupe body on top of a Delta Integrale Evo platform. A fast oddball. Very clean inside and out. – Born out of the Dutch Lancia importer’s desire for a lightweight two-door Zagato coupe, the Hyena is inelegant but distinctive in that typical Zagato way. Plans for 500 cars proved optimistic and just two dozen were sold between 1992-94. Built on top of the Delta HF Integrale platform, it’s 400 pounds lighter than the standard car, so its speed is no laughing matter. The price is nothing to giggle at, either. About 100 grand more than the standard factory-bodied version in this condition would sell for and by a small margin the most expensive Hyena ever sold at auction.
Lot # 220 1987 Citroen BX Hatchback; S/N VF7XBXL0000XL0069; White, Red/Gray cloth; Estimate $100,000 – $150,000; Visually maintained, largely original 3- condition; No Reserve; Hammered Sold at $80,000 plus commission of 12.00%; Final Price $89,600. – 2,141/200hp, 5-speed, all-wheel drive, alloy wheels, Michelin TRX tires, pattern cloth seats, Clarion cassette. – Showing 53,192 km. The wheels are scratched and tired. The paint is a little bit tired, and there are cracks around the filler cap and rear bumper. Cracks and scratches around the fender flares as well. The windshield is delaminating in a few spots. The interior is very clean. Not many examples of this Group B oddball are left so one can’t be picky when shopping. This example is definitely a bit scruffy, but good enough. – The BX 4TC is mostly known for three things. First, it’s delightfully odd in that typical French way. Second, it was the biggest failure of the Group B rally era, having only briefly competed to mediocre results. Third, Citroen was so self-conscious about the car that it disassembled all the rally cars then bought back many of the road cars and destroyed them. That last bit means they are quite rare, and RM Sotheby’s claims that just 30 are believed to still exist. That combined with the desirability of all things Group B, even the failed experiments, explains this high but understandable price for a rally oddball.
Lot # 221 1986 Ford RS200 Evolution Coupe; S/N SFACXXBJ2CGL00084; White, Blue/Red; Estimate $550,000 – $650,000; Visually maintained, largely original 3 condition; With Reserve; Hammered Sold at $555,000 plus commission of 10.90%; Final Price $615,500. – 2,137/600hp, 5-speed, Speedline wheels, Toyo tires, red cloth seats, Sabelt harnesses, Hella rally lights, factory tool kit. – One of 24 Evolution models built. Engine rebuilt by a specialist and recently upgraded with carbon twin-plate clutch. Decent paint with cracks on the tail and microblisters on the blue bits. Masking errors around the rear window and one corner of the rear window gasket is coming loose. Very clean, nearly like new interior. A solid, usable example of Ford’s late-to-the-party World Rally weapon. – With more opportunities to use it than the actual rally cars and far more performance than the original road cars, the RS200 Evolution is arguably the most desirable of the family, and typically the most expensive. Evo models can command over twice as much as their lower-spec siblings with several hitting half a million dollars. At $615,500, however, this car is the most expensive RS200 ever sold at auction. It changed hands at Bonhams Quail in 2017 for $550,000 and was bid to $435,000 at RM Arizona in 2019. Waiting proved, unusually, to be an effective strategy.
Lot # 225 2005 Acura NSX-T 3.2L Targa; S/N JH4NA21665S000001; Long Beach Blue Pearl/Onyx; Estimate $225,000 – $275,000; Unrestored original 2- condition; No Reserve; Hammered Sold at $260,000 plus commission of 11.92%; Final Price $291,000. – 3,179/290hp, 6-speed, includes window sticker, books and invoices. – 5,114 miles, serial number 001 for 2005, the final year for the original NSX when just 249 cars sold in North America. Serviced in October 2022. Excellent paint and body, the driver’s seat shows minor wear, otherwise a like-new condition car. – A collector-grade example of a rare, late-production NSX. At this price it’s too expensive to drive much without worrying about its value, which is a shame given what excellent driver’s cars NSXs are, and given the fact that the later ones are the most developed and arguably best.
Lot # 227 1972 Porsche 911 Carrera RS 2.7 Coupe; S/N 9112301609; Engine # 6630027; Fluorescent Yellow, Black Carrera graphics/Black; Estimate $780,000 – $900,000; Older restoration 2- condition; With Reserve; Hammered Sold at $685,000 plus commission of 10.73%; Final Price $758,500. – 5-speed, Fuchs wheels, ducktail spoiler, Backer Grand Prix radio and cassette, leatherette and cloth upholstery. Extra instruments under the dash include ampere, oil pressure, and oil temp gauges as well as a radio for communication during test drives. – The experimental highlighter green paint genuinely hurts to look at for more than a few seconds, but at least it’s clean. Some black paint is coming off the wheels. Pitted door handles. Scratched window frames. Lightly worn interior. Rare development car used in period with prototype 2.7-liter engine and one of the first ducktail spoilers. Maintained by its first private owner, Franz Sussner, from 1973-2016. In Algeria during the ’70s and then restored in Germany after 2016. – A rare prototype for one of the most significant and successful 911 variants ever built, the RS 2.7 Lightweight. This car carries bragging rights at every Porsche gathering, rights reflected in the healthy price but still less than a more common (“mundane” comes to mind) RS 2.7. This is a special Porsche bought at a special price that could have been higher without being excessive.
Lot # 229 1953 Porsche 356 Cabriolet, Body by Heuer-Glaser; S/N 12375; Engine # KD03381; Strawberry Red/Tan; Estimate $250,000 – $300,000; Older restoration 2- condition; No Reserve; Hammered Sold at $220,000 plus commission of 12.00%; Final Price $246,400. – Later 1,488/64hp engine, 4-speed, bent windshield, hub caps, whitewalls, boot cover, Becker Mexico radio, books and tools. – Sold new in Los Angeles. Fitted with a 1500 engine in period and with the original owner for 64 years. Mostly good paint other than a large blister on the driver’s door. Light wear on the steering wheel but the seats, gauges, dash and switchgear all look brand new. Very clean underneath. Represented as one of fewer than 30 Heuer-Glaser cabriolets that survive today. – Distinctive and rare in a time when coupes were the norm at Porsche and roadsters were sometimes seen, Glaser built the “America Roadsters” and failed before finishing the run of these cabriolets which were finished by Reutter after Glaser closed. Restored to high standards but showing some age, this is a rare early Porsche that even informed 356 fans may not realize exist but was recognized here and bought for a realistic price.
Lot # 234 1997 Porsche 911 Turbo S Coupe; S/N WP0AC2993VS376048; Sunoco (Cobalt) Blue, Yellow and Red graphics/Midnight Blue; Estimate $750,000 – $950,000; Visually maintained, largely original 2- condition; With Reserve; Hammered Sold at $810,000 plus commission of 10.62%; Final Price $896,000. – 3,601/424hp, 6-speed, Turbo Twist wheels, yellow calipers, Pirelli P Zero tires, sunroof, blue leather with yellow stitching, silver gauges with red bezels, carbon fiber trim on the door panels, dash, and steering wheel. – Ordered new by Otis Chandler with livery to match his 917 and 935. Lots of special features on a high-spec 993. Showing 1,871 miles. A few blemishes on the wheels. Very good paint. Lightly wrinkled leather but otherwise clean and very cool interior. – Rare, paint to sample colors and special options can make all the difference in the world to Porsche collectors, in this case nearly double the value of a standard 993 Turbo S, which is already one of the most valuable modern 911s around. The Otis Chandler provenance is a big plus and it was sold from his collection by Christie’s at Monterey in 2006 for $141,000. That was an outstanding result at the time, but nowhere near as outstanding as this.
Lot # 238 1991 Porsche 911 Reimagined by Singer Coupe; S/N WP0AB2967MS410452; PTS Magnetic Silver/Cinnamon leather; Estimate $950,000 – $1,250,000; Unrestored original 1- condition; With Reserve; Hammered Sold at $1,275,000 plus commission of 10.39%; Final Price $1,407,500. – 4.0/390hp, 5-speed, black Fuchs wheels, Michelin Pilot Sport tires, Recaro woven leather seats, woven leather door panels and dash, Momo Prototipo steering wheel, air conditioning. – Barely used Singer. Someone else’s commission, but maybe it’s tempting to pay and skip the line. – It is what it is and if it appeals this is what it took to own it.
Lot # 239 2020 McLaren Speedtail Coupe; S/N SBM23GDGXLW403072; Athera Grey/Rich Brown and Tan; Estimate $2,200,000 – $2,600,000; Unrestored original 2 condition; With Reserve; Hammered Sold at $2,100,000 plus commission of 10.24%; Final Price $2,315,000. – 3,994/1035hp, diamond-cut 10-spoke wheels, retractable rearview cameras, hydraulically actuated carbon-fiber rear ailerons, electrochromic glass canopy, books and tools. – 177 miles and like new. The 72nd of 106 built. In the US under the show or display exemption. – It appears McLaren Speedtail expectations aren’t what they used to be. RM’s Speedtail was offered on Bring a Trailer in Dec 2022, reaching a high bid of $2.75M but not selling. The same car sold for a final price of $2.32M today. That’s nearly dead on its $2.29M MSRP and the lowest price paid publicly at auction for a Speedtail.
Lot # 240 1963 Shelby Cobra 289 R&P Roadster; S/N CSX2135; Engine # 1587; Blue/Black; Estimate $1,000,000 – $1,250,000; Older restoration 2- condition; With Reserve; Hammered Sold at $1,025,000 plus commission of 10.49%; Final Price $1,132,500. – 289/271hp, 4-speed, painted wire wheels, Talbot/Berlin mirrors, wind wings, woodrim steering wheel, Smiths gauges, Rotunda tach. – Sold new in Kansas City to Ford exec and future director of Ford Racing Jacques Passino. Used for a year as a promo vehicle for Ford Motor Company, then returned to Shelby for reconditioning. Stolen in California in 1984 but resurfaced in 1989. Since restored to high standards. Very good paint finish other than a chip on the right fender vent and a few more at the front of the rear fenders. Very good interior with lightly wrinkled leather, small cracks in the AC cap on the steering wheel, and worn pedals. A mostly gorgeous, real deal 289 Cobra. – A famous (or infamous) Cobra sold by Mecum at Indy in 2014 for $918,000, at Monterey in 2015 for $1.1 million and by Gooding at Scottsdale in 2018 for $962,500. This is its best price ever by a small margin but doesn’t show much if any value growth over the past nine years. It is a solid value in this transaction for a well-known rack & pinion Cobra.
Lot # 249 1952 Jaguar C-Type Roadster; S/N XKC024; British Racing Green/Green leather; Estimate $3,500,000 – $4,250,000; Competition restoration 2- condition; With Reserve; Not sold at Hammer bid of $3,300,000. – 3,442/200hp, 4-speed, chrome wire wheels, Vredestein tires, dual aeroscreens plus a low full width Plexiglas windscreen, Lucas halogen headlights, original engine without internals configured for display comes with it. – Originally delivered to the U.S. where it was raced by Phil Hill to second place at Bergstrom AFB, then around the U.S. until it was crashed at Riverside in 1953 requiring a new center body, bonnet and frame. Engine later replaced as well. Restored in the late 80’s in the UK and used on tours and weekends. Excellent paint and upholstery. The underbody is like new with a few miles. – Just how much XKC 024 survives in this car is subject to introspection but it is handsomely presented and retains its identity which makes the offer here reasonable. The same would be true for another $200,000 bid at the pre-sale low estimate, however, and it would not have been a stretch by the seller, the buyer or the auction to find enough flexibility to put this deal together if there were money at the reported high bid.
Lot # 251 1939 Alfa Romeo 6C 2500 SS Berlinetta Competizione Re-creation, Body by after Touring; S/N 913191; Engine # 923818; Dark Red/Tan leather; Estimate $450,000 – $650,000; Rebodied or re-created 3+ condition; With Reserve; Not sold at Hammer bid of $380,000. – 2,443/153hp, three dual choke Webers, 4-speed, painted wire wheels, Dunlop Racing tires, wind wings, dual outside fillers. – Re-creation of the now-lost Tipo 256 Touring Berlinetta raced in the 1940 Mille Miglia where it finished 8th based on a period 6C 2500 chassis and a period correct SS engine. Good older paint, interior and aluminum brightwork. Largely like new with some miles but not what it purports to be. – Faced with so many significant cars during Monterey auction week this re-creation, even though it is meticulously done and fantastic to look at, failed to excite sufficient interest to separate it from its owner. The reported high bid can’t be much if any more than it cost to re-create in its fantastic detail and fastidious finishes.
Lot # 252 1992 Porsche 968 Turbo S Coupe; S/N WP0ZZZ96ZPS800412; Speed Yellow/Black; Estimate $600,000 – $800,000; Visually maintained, largely original 2- condition; No Reserve; Hammered Sold at $465,000 plus commission of 11.08%; Final Price $516,500. – 2,990/304hp, 6-speed, Speedline modular wheels, red calipers, Pirelli P Zero tires, black cloth seats. – Represented as the only prototype of the 968 Turbo S, production of which numbered only 14 cars despite plans for a 100-unit production run. Sold new to Sven Quandt. It’s one of the rarest front-engine Porsches around, but someone enjoyed this one enough to drive it 122,521 km. There are some chips and scrapes on the nose, but the paint finish is holding up well. Light scratch in the left window. The interior looks fantastic for the mileage. – This car is extremely rare and even many Porsche fans don’t know it exists, even though auto motor und sport called it “one of the best asphalt acrobats that Porsche has yet built.” We’ve only seen one other road car sell at auction before, and it sold for $792,000 two years ago. This one may be the prototype but it has more wear and tear. It’s still one of the most expensive front-engined Porsches ever sold and it deserves to be.
Lot # 253 1972 Ferrari 365 GTS/4 Daytona Spider, Body by Pininfarina-Scaglietti; S/N 15417; Engine # B1890; Nero/Beige leather, Black bars; Black cloth top; Estimate $2,800,000 – $3,200,000; Older restoration 2+ condition; With Reserve; Hammered Sold at $2,600,000 plus commission of 10.19%; Final Price $2,865,000. – 4,390/352hp, 5-speed, Borrani wire wheels, Michelin XWX tires, Veglia air conditioning, power windows, Voxson 8-track stereo. – Seized by the DEA in 1991. Restored in 2000 to the high standards expected for a Scaglietti-built Daytona Spider in its original colors and Ferrari Classiche Red Book certified. Represented as the “numbers-matching” engine. In many respects, particularly cosmetically, it is better than new. – Sold by RM at Amelia in 2012 for $1,210,000, then at the same venue in 2015 for $3.3 million. Times have changed, however, and this result represents a fair price in the current environment even for such a well-restored and carefully preserved car with an odometer reading 39,084 miles against the 38,614 miles it showed in 2012.
Lot # 254 1973 Aston Martin V8 Coupe; S/N V810596R; Gray/Black leather; Estimate $1,400,000 – $1,800,000; Original, modified for competition or performance 3 condition; With Reserve; Not sold at Hammer bid of $1,075,000. – RHD. 5,340/432hp, 5-speed, sunroof, skis, BBS wheels, Pirelli P7 tires, – One of four cars used in The Living Daylights. Equipped with outrigger skis and rocket booster. Decent paint with a few blisters. Paint coming off the windshield wipers. Uneven gaps. Large cracks on the tail, and looks like the trunk lid has been sealed shut. Lightly worn interior. Presents like an average used Aston, but the screen time with Bond makes this thing a star. – Timothy Dalton as 007 was no Sean Connery or Roger Moore. For a car used in a film that frequently ranks towards the bottom of Bond movie lists to get a seven-figure high bid should have been exciting news for the consignor. Why it didn’t go to a new collection isn’t clear.
Lot # 255 2021 Mercedes-Benz AMG GT Black Series P One Edition Coupe; S/N W1KYJ8BA2MA042471; Obsidian Black, Teal/Black and Teal; Estimate $700,000 – $800,000; Unrestored original 2 condition; No Reserve; Hammered Sold at $700,000 plus commission of 10.71%; Final Price $775,000. – 3,982/720hp, 7-speed automanual, window sticker, books, tools. – Only available to Project One allocation holders. Just 32 miles. – Not bad for a car that Mercedes-AMG sold for $325,000 plus accessories and options like carbon fiber door sill plates and a pointless stereo. A bespoke bauble for the few people allowed to sign up for the Project One supercar.
Lot # 258 1968 Bizzarrini 5300 GT Strada Coupe; S/N 1A30323; Blue/Black leather; Estimate $800,000 – $1,000,000; Older restoration 2- condition; With Reserve; Hammered Sold at $827,500 plus commission of 10.60%; Final Price $915,250. – 327/365hp Chevy V-8, alloy body, 5-speed, woodrim steering wheel, centerlock Campagnolo wheels, Avon tires, dual mirrors, Escort underdash air conditioning. – Sold new in California. Cosmetic restoration to original colors. Good older paint other than a blemish on the right front and a pocket of blisters on the passenger’s door. Beautiful interior. An older cosmetic restoration showing little age. – Every bit and Italian thoroughbred conceived by Bizzarrini and Piero Rivolta to take advantage of the off-the-shelf Chevrolet Corvette engine’s power, torque, reliability and low cost in a race-bred chassis and swoopy lightweight bodywork. It is a desirable combination and commands double-Daytona prices when presented this well.
Lot # 259 1938 Bugatti Type 57 Roadster, Body after Gangloff; S/N 57661; Engine # 25C; Sand Beige, Black fenders and hood/Beige leather; Estimate $500,000 – $650,000; Rebodied or re-created 2- condition; No Reserve; Hammered Sold at $760,000 plus commission of 10.66%; Final Price $841,000. – RHD. 3,257/175hp, supercharged, 4-speed, chrome wire wheels, Michelin tires, fixed Plexiglas wind wings, Marchal headlights, enclosed rear-mounted spare. – Originally a Stelvio Cabriolet, subsequently damaged beyond economical repair and passed around as an unfinished project with a different engine (from 57646) until completed in 2010 with this re-creation of a never-built teardrop fender Gangloff design. Lightly oiled chassis. Restored better than new with little subsequent use. – Sold by Bonhams at Scottsdale in 2015 for $671,000 and now showing just 11 km more after years in Terence E. Adderley’s collection. It is an eye-catching design done to high standards and brought a healthy price well over the pre-sale high estimate.
Lot # 261 2001 Ferrari 550 Maranello Prodrive Race Car; S/N CRD03; Red/Black cloth; Estimate $8,000,000 – $9,500,000; Competition car, original as-raced 3+ condition; With Reserve; Not sold at Hammer bid of $7,400,000. – 5,474 competition prepared V-12, O.Z. matte grey centerlock wheels, Michelin Pilot Sport tires, spares including the 2004 Le Mans engine. – Prepared by Prodrive for Frederic Dor for international GT racing, scored five wins, 14 podium finishes and 10 poles in 34 races. Raced five consecutive years at Le Mans from 2002-2006. Also racing in the U.S. ALMS series with class wins at Road America, Laguna Seca and Miami. Clean, orderly used race car. 2003-2005 race scrutineer stickers, 2004 Le Mans livery. Good repaint with no visible dings or damage. Ferrari Classiche certified. – There is a welling of hype about the Prodrive 550 Maranellos these days, but it is deserved hype reflecting their racing success over several seasons and series. There are twelve of them, so it is fortunate that Max Girardo (formerly RM Sotheby’s auctioneer) has published a book by Keith Bluemel to clarify the histories. Historically successful, meticulously presented and carefully preserved, this is a piece of Ferrari (Prodrive Ferrari) history but it is trying to find its market equilibrium point and this result seems magnanimous.
Lot # 263 1982 Lancia 037 Stradale Coupe; S/N ZLA151AR000000022; Red/Black cloth; Estimate $600,000 – $750,000; Competition car, original as-raced 3 condition; With Reserve; Hammered Sold at $590,000 plus commission of 10.85%; Final Price $654,000. – 1,995/205hp Volumex supercharged, 5-speed, Speedline modular alloy wheels, Pirelli tires, Carello driving lights – Flawed old paint with silicone spots and scratches. Sound upholstery. Runs well but with difficulty. Described as unrestored and with only 3,251 km from new. – One of the limited series built to homologate the Lancia 037 for Group B FIA Rally (the final rear wheel drive car to win the FIA Rally championship), carrying a healthy premium for preservation and low kilometrage but less than it commanded in 2019 when RM sold it to today’s seller at Essen for $879,408 (Euros 770,000 at the time; this result is Euros 601,400.)
Lot # 266 1936 Maserati 6CM Monoposto; S/N 1532; Red/Black vinyl; Estimate $750,000 – $1,000,000; Competition restoration 2- condition; No Reserve; Hammered Sold at $650,000 plus commission of 10.77%; Final Price $720,000. – 1,493/175hp supercharged inline six, 4-speed, silver painted wire wheels, Dunlop Racing tires, aeroscreen. – Raced by Maserati in 1936 driven by Laszlo Hartmann then by privateers after including finishing 7th in the Targa Florio in 1939 driven by Edoardo Teagno. Raced by the present owner after 2018 including the Monaco Historics in 2022. Excellent paint. Clean and well-maintained with shiny steel suspension. Coil spring independent front suspension, leaf spring live rear axle. Orderly but used engine compartment and cockpit. – Ready to rumble and already seen at Goodwood, Donington, Silverstone and Monaco, this is a ready-made experience with a long history. It’s powerful enough to be exciting and responsive enough to be rewarding, promising to give plenty of value at this price, although not as much as it did when sold by Coys at Silverstone to Lord Irvine Laidlaw in 1996 for $272,447 (£180,360 at the time; this result is £565,200.)
Lot # 270 2020 Ford GT Mk II Coupe; S/N FPMMMKII001; Blu Elettrico Viola, Shadow Chrome stripes/Black; Estimate $1,000,000 – $1,250,000; Unrestored original 2 condition; With Reserve; Hammered Sold at $985,000 plus commission of 10.51%; Final Price $1,088,500. – 213/700-hp twin-turbo V6, 7-speed automanual, optional Sparco passenger’s seat, spares include 12 wheels and tires, driveshafts, brake pads, discs, wheel speed sensors, new exhaust system. – The first of 45 built. Represented with <750 km after track use at Dubai and Silverstone in 2020 and Bahrain in 2022. Track day only car, not street legal. – A track-only toy that came with a $1.2M price tag, the GT Mk II is the quickest and most expensive of the 10 Ford GTs on offer in Monterey this year. While this car has more limited opportunities for use than regular road-legal GTs, other Mk IIs have sold well at auction. This one did just OK, though, with the seller presumably taking a sizable haircut after getting no real enjoyment out of the car.
Lot # 275 1970 Ferrari 246 GT Dino Berlinetta, Body by Pininfarina-Scaglietti; S/N 01004; Engine # 05912; Celeste Metallizzato/Black, Panno Blu; Estimate $475,000 – $550,000; Older restoration 2 condition; With Reserve; Hammered Sold at $470,000 plus commission of 11.06%; Final Price $522,000. – 2,419/195hp, 5-speed, alloy wheels, Michelin XWX tires, Ansa exhaust, leather-wrapped steering wheel, roll-up windows, black seats with blue terrycloth inserts. – L Series car. Sold new in Italy. Fully restored in 2015 in Germany. A few scratches on the bumperettes, but clean body with shiny finish in the beautiful original color, plus it’s a rarer, more attractive GTB. The interior shows the lightest of wear, and the rare Panno Blu “toweling” cloth inserts are a trip. Ferrari Classiche certified. – A spot-on result for the condition and equipment, similar to the Euros 448,000 ($479,718 and considered expensive at the time) it brought when its restoration was a bit fresher at RM Sotheby’s Paris 2017.
Lot # 317 2015 Mercedes-Benz SLS AMG Roadster; S/N WDDRK7JA2FA011298; Mystic White, Black hood/Black; Estimate $350,000 – $400,000; Unrestored original 2 condition; No Reserve; Hammered Sold at $430,000 plus commission of 11.16%; Final Price $478,000. – 6,208/583hp, AMG Speedshift DCT 7-speed, Bang & Olufsen sound, extended carbon fiber trim, red calipers, original window sticker documented. – One of 10 Final Edition Roadsters allocated to the US market. Just 1,850 miles, a like new car inside and out. – This is breathtakingly expensive, even with only 1,850 miles, an originality and low miles premium that is only peripherally applicable to a late model car like this. It is, and always has been, exclusive but exclusive does not correspond with valuable.
Lot # 331 1933 Stutz DV32 Convertible Victoria, Body by Rollston; S/N DVPC1558; Cream, Sierra Sandstone fenders/Beige leather; Beige cloth top; Estimate $1,000,000 – $1,500,000; Older restoration 2 condition; With Reserve; Hammered Sold at $1,375,000 plus commission of 10.36%; Final Price $1,517,500. – 322/156hp dual overhead cam 32-valve eight, 3-speed, chrome wire wheels, Firestone wide whitewalls, dual sidemount spares with mirrors, radiator mascot, dual chrome horns, luggage rack and trunk. – Formerly in the Harrah’s collection. Very good paint with a small chip at the back of the driver’s door. Shiny chrome. Clean top. Very good, lightly worn interior. A very rare top line Stutz in a handsome body style, and a former show car. Terence Adderley Collection. – Rollston and other preferred to accentuate the convertible victoria style with a cut down rear body rather than the straight through designs of Waterhouse. It give this Stutz a distinctive profile that complements the long hood covering Stutz’s big straight eight. Adderley bought this DV32 through RM at Amelia in 2013 for $1,512,500 and it remains in excellent condition following its award winning restoration in the early 00’s. The fact it brought a final
price a bit more than ten years ago is solely attributable to the change in RM’s buyer’s premium rate.
Lot # 336 1953 Siata 208 Berlinetta, Body by Balbo; S/N CS072; Dark Blue/Tan leather; Estimate $1,600,000 – $1,800,000; Concours restoration 1- condition; With Reserve; Not sold at Hammer bid of $1,400,000. – 1,996/105hp Fiat 8V engine, 4-speed, Borrani wheels, Pirelli Cinturato HS tires, woodrim steering wheel, Jaeger gauges. – 2017 Pebble Beach class award, Best in Class at Amelia in 2022, formerly in the Rosso Bianco Collection. One of six examples with this coachwork in existence. Restored in the 2010s. Excellent paint and interior in the original colors. Everything has been meticulously maintained inside and out. A car truly deserving of its Pebble Beach provenance. – Sold by Gooding at Pebble Beach in 2021 for $1,627,500 and only nearly imperceptibly aged since then, the reported high bid is realistic today and could have seen this car sold on with nearly imperceptible regret on a sincere money bid. The times are not receptive to getting out whole on a two-year old acquisition and it is unrealistic to expect to do so.
Lot # 341 1964 Ferrari 250 LM Berlinetta, Body by Pininfarina; S/N 6053; Engine # 6167; Rosso Cina/Bleu cloth; Estimate $18,000,000 – $20,000,000; Competition restoration 2+ condition; With Reserve; Not sold at Hammer bid of $17,000,000. – 3,286/320hp, 5-speed transaxle, Borrani wire wheels. – Raced at Le Mans in 1968 (dnf) and in Britain in 1965 with five overall wins. One of 32 250 LMs built as Ferrari attempted to seduce the FIA to consider them a variant of the 250 GT despite the engine being behind the driver and 3.3 litres in size. The 250 LM was raced with some success by privateers including winning Le Mans in 1965 with NART. The engine is from 250 LM s/n 6167 which crashed in the Targa Florio. Extensively documented including a Ferrari Classiche Red Book and a Ferrari Classiche-documented 2021 restoration. – Impossible to fault in condition and with an indifferent race history but significantly with a 1968 Le Mans appearance that is a badge of honor on its history. It arrived on the auction block to cheers but struggled to find bids. An immense amount of money and effort has been spent on this 250 LM to little effect and although it is beautifully presented it is largely irrelevant in Ferrari history. The reported high bid was not unreasonable much as a regional SCCA customer-raced 289 Cobra is not comparable with one driven by Ken Miles for Shelby.
Lot # 352 1935 Duesenberg Model SJ Dual Cowl Phaeton, Body by La Grande; S/N 2552; Dark Red, Red sweep panel/Tan leather; Persimmon cloth top; Estimate $2,850,000 – $3,750,000; Older restoration 2- condition; With Reserve; Hammered Sold at $2,750,000 plus commission of 10.18%; Final Price $3,030,000. – 420/320hp, 3-speed, chrome wire wheels, dual sidemount spares, engine-turned dash, Jaeger dash clock, spotlight, Pilot-Rays. – One of four LaGrande phaetons on the supercharged SJ chassis. Restored in the 1970s, replacement supercharger. Very good body overall. The paint presents well, however there are two noticeable chips on the left rear door, as well as the right front that have been filled. The underbody and mechanicals are aged but well cared for and the interior shows little use. A gracefully aged older restoration. –
Lot # 362 1991 Jaguar XJR-15 Coupe; S/N 8; Blue/Gray; Estimate $1,400,000 – $1,800,000; Unrestored original 2- condition; With Reserve; Not sold at Hammer bid of $1,100,000. – RHD. 5,993/450hp, 5-speed, OZ Racing wheels. – One of 27 road cars, represented with 78 miles. Sold new in Japan but reportedly had fluid change and “mechanical checkup” recently. Some chips in the paint but nothing serious. Brought to the US for an American collector in 2018. – Little more than a road-going version of the TWR-built Le Mans-winning Jaguar XJR-9, the XJR-15 was a somewhat forgotten early ’90s exotic that has gained some notoriety and appreciation more recently when it was recognized that it was what XK 220 buyers had signed up for but Jaguar couldn’t deliver. Years used to go by between public sales, but since 2021 there have been half a dozen auction appearances for XJR-15s. Aside from a high-water mark of $1.9M in Monterey two years ago, most have brought between $1.0 and $1.5M so this car could have gone to a new home at this price.
Lot # 364 1947 Alfa Romeo 6C 2500 Super Sport Coupe, Body by Touring; S/N 915539; Engine # 923650; Light Gray/Blue leather; Estimate $575,000 – $625,000; Recent restoration 1 condition; With Reserve; Hammered Sold at $425,000 plus commission of 11.18%; Final Price $472,500. – RHD. 2,443/110hp six, 4-speed, blue Borrani wire wheels, Pirelli tires, factory radio, column shift, Trafficators, fog lights. – Retained by the original owner and his family in Portugal for six decades. Restored in Germany in the 00’s. Represented as the original engine. 2019 Pebble Beach 3rd in class, Best Alfa at Concorso Italiano in 2022. Gorgeous paint in the original color combination. Better than new and better than it was seven years ago. – Offered at Gooding’s 2016 Amelia auction where it was reported bid to $520,000 and acquired the same year by the present owner, this is a superlative postwar Alfa in design, quality, restoration and preservation, something of an astute value in a beautiful and beautifully presented Alfa.
Lot # 365 2012 Lexus LFA Coupe; S/N JTHHX8BH5C1000184; Whitest White/Black; Estimate $700,000 – $900,000; Unrestored original 2+ condition; No Reserve; Hammered Sold at $1,000,000 plus commission of 10.50%; Final Price $1,105,000. – 4,805/553hp, sequence number LFA 188. – One of 500 total LFAs built. Just 47 miles. A like new car inside and out with protective wrapping still on the interior. – Toyota’s first true supercar, the LFA took years to develop as a cost-no-object showcase of the Japanese giant’s engineering prowess. Expensive when new and a hard sell to typical exotic car buyers, the LFA has come into its own as a modern collector car and has gotten a lot more expensive in recent years. This one is surely one of the cleanest “wrapper” examples out there and it is the first base-model LFA to break seven figures at auction which included a generous premium based solely on originality and insignificant miles.
Lot # 367 1955 Lancia Aurelia B20 GT Series 4 Coupe, Body by Touring; S/N B20S1124; Engine # B204092; Verde/Panno Nocciola cloth; Estimate $200,000 – $2,500,000; Recent restoration 2 condition; With Reserve; Post-block sale at $178,571 plus commission of 12.00%; Final Price $200,000. – 2,451/118hp V-6, 4-speed, beige wheels, Michelin tires, floor shift, Carello headlights, woodrim steering wheel. – Excellent paint, pristine upholstery, bright gauges. Restored like new. Even panel gaps and flush fits. 2016 Amelia Award winner. Represented as the numbers-matching engine. – Bid to $200,000 on the block, sold later with this result. How does this happen, i.e., bid to $200K but later sold for $200K all-in? Presumably there was a live bid at, say, $190K and the auctioneer took a bid “against the reserve” of $200K which the $190K bidder declined to advance resulting in an impasse and a passed lot. Later negotiations probably arrived at this compromise between the two (and the auction surrendering some of its seller’s and buyer’s premium) to make it work. Or not. We’ll never know. In any event it’s a choice B20 GT and a price that is fair to both parties (and to the auction.)
Lot # 368 1988 Porsche 959 Komfort Coupe; S/N WP0ZZZ95ZJS900247; Engine # 65H00306; Polar Silver/Dark Grey leather; Estimate $1,000,000 – $1,500,000; Visually maintained, largely original 3+ condition; With Reserve; Hammered Sold at $1,550,000 plus commission of 10.32%; Final Price $1,710,000. – 2,849/450hp, 6-speed, heated adjustable sport seats, includes books and tools. – Showing 9,469 km. Sold new in Germany to a real estate magnate. Later exported in 1993 to Japan, where the owner used it for late-night commutes to the office. This is its first time coming to market in 30 years. There is noticeable chipping to the clearcoat paint finish on the side skirts and old protective film is cracked along the rear wheels. The underside of the engine is old and grimy looking and the interior shows significant wear to the seats. Not driven in years and in need of recommissioning attention. Surprisingly heavy use showing given the low kilometers and long-term ownership. – Despite its many needs including extensive and expensive recommissioning the low mileage brought a price that ignored what it will cost to bring it back to reliable driving condition, not that with so few kilometers it will ever get much road use.
Lot # 370 2018 Aston Martin Vanquish Volante, Body by Zagato; S/N SCFPMCRZ3JGK34228; Iridescent Emerald/Obsidian Black and Parliament Green leather; Black top; Estimate $600,000 – $800,000; Unrestored original 2 condition; No Reserve; Hammered Sold at $500,000 plus commission of 11.00%; Final Price $555,000. – 5,935/595hp V-12, $70,000 in options including Villa d’Este package with gold accents, #80 of 99 built. – Like new because it is with only 20 delivery miles. The gold accents suggest Bond’s “Goldfinger” movie, although they’re probably not meant that way. – Exclusivity has a price, but not necessarily a value, as seen in this below-estimate result late on Saturday evening.
Lot # 372 1963 Land Rover Series IIA 88 Utility; S/N 24401883A; Engine # 30601347K; Blue-Green, White roof/Black, Gray vinyl; Estimate $100,000 – $125,000; Older restoration 3+ condition; No Reserve; Hammered Sold at $65,000 plus commission of 12.00%; Final Price $72,800. – 2,286/77hp gasoline engine, 4-speed, BFG Commercial T/A tires, Warn front locking hubs, rear locking differentials, VDO tach. – Sold new in Houston. Restored with a replacement galvanized frame and many later parts. Some paint blemishes on the hood and throughout, plus some chips on the wheel hubs, surface rust showing through some of the door hinges. Very good fully restored interior. Clean underneath. Looks like an older truck restoration. – It may look like “an older truck restoration” but as the next-to-last lot it closed out RM’s three-day auction with a magnanimous price for its condition and the origin of its bits. Cobbled together, it deserves to return to utilitarian ranch and farm use. Based on its price it will never see such abuse.