In conjunction with the Internationale St. Moritzer Automobilwochen
“Boutique” sales have become a thing at RM Sotheby’s.
RM Sotheby’s calendar of single-owner or topical auctions added another venue on September 17 with the 24-lot sale at the Kempinski Hotel in the fabled Swiss mountain resort of St. Moritz.
The venue’s preferred title is “Grand Hotel des Bains Kempinski St. Moritz”, which is appropriately as grand as the event it accompanies: “The Internationale St. Moritzer Automobilwochen.”
This is the third similar “boutique” event so far this year (Lichtenstein, the Andrews collection on Thursday of Monterey week and Milan). They were preceded by four similar sales in 2020, the Alfa Romeo B.A.T.s at Sotheby’s headquarters in New York and the Elkhart, Mitosinka and Petitjean collections.
Later this year RM has scheduled the blockbuster collection of Jean Guikas at Circuit Paul Ricard, Le Castellet, France in mid-November, a lifetime assemblage of first-rank competition and high performance road cars.
The St. Moritz auction was firmly in that emerging tradition and returned appropriate results. The results would have been better if the late model high performance Porsches had stayed home, a odd counter-trend at a time when these trendy vehicles, often with near-zero mileage, appear at auction in some quantity and typically bring impressive prices.
As a business model “boutique” collector car auctions perform well, and may be doing better than bricks and mortar boutiques.
Here are the numbers:
|Cars Sold/ Offered||Sale %||Sold < Low Est||Sold > High Est||Average Sale||Median Sale||Total $||Exchange Rate|
Photos are © 2021 RM Sotheby’s, used courtesy of the auction company, and have photographer credits where noted. The observations are sorted in lot number order and are based upon the online descriptions and photographs. Travel to St. Moritz for a 24-lot sale was: a) inefficient; b) difficult due to Covid; and c) prohibitively expensive anywhere near St. Moritz (The Grand Hotel des Bains Kempinski St. Moritz room rates start at $500.)
Lot # 101 Pininfarina Leggenda eClassic Simulator, Body by Pininfarina; S/N None; Estimate $128,921 – $161,151; No Reserve; Hammered Sold at $179,368 plus commission of 15.00%; Final Price $206,273. – Actual commission is 20%, actual hammer price is CHF 160,000. – A posh way to participate in The eClassic Club e-racing, or just sit back behind the classic Nardi woodrim steering wheel and enjoy F1 on the curved wide screen monitor. Warning: There is no cupholder in the Marrone Tobacco Connolly leather upholstered pod, nor an ashtray forcing the driver to be careful of the ashes from a Romeo y Julietta.
Lot # 102 2006 Hummer H1 Alpha Utility; S/N 137PH84306E227679; Diamond Black/Black leather; Estimate $107,434 – $161,151; Unrestored original 2 condition; No Reserve; Hammered Sold at $85,947 plus commission of 15.00%; Final Price $98,839. – GM DuraMax 404/310hp turbo diesel with 590 lbf-ft torque, 5-speed Allison automatic, crash bar, light bar, winch, Central Tire Inflation System, leather rim steering wheel, heated seats, radio, Nokia cell phone, power windows, air conditioning, dual beadlock alloy wheels, Goodyear tires. – 31,640 miles from new, babied and hardly used. Clean engine bay with intact finishes, even cleaner chassis and suspension. Lightly stretched seats. – The Alpha was a significant upgrade to the Hummer H1 under GM’s ownership, adopting the 6.6L DuraMax diesel with much higher low speed torque for better performance. Eventually Mishawaka shipped only 729 of them. With so few built, and so many variants, valuing is difficult, but others are being shopped online well into six figures making this luxury box a good value even if a bit unwieldy on the roads of Switzerland.
Lot # 103 2014 Mercedes-Benz G500 Final Edition Cabriolet; S/N WDB4632021X215820; Platinum Black/Sand leather; Sand leatherette top; Estimate $322,302 – $376,019; Unrestored original 2 condition; With Reserve; Hammered Sold at $365,276 plus commission of 13.97%; Final Price $416,307. – 4,966/292hp FI V-8, 7-speed automatic, power disc brakes, rear mounted spare, power top, power mirrors, Xenon headlights, stability control, parking assistance, power windows, navigation, climate control. – One of 200 short wheelbase Final Edition Cabriolets built. 5,452 km from new and unblemished. – This G500 Cabriolet is exceptionally cute, in the way a Suzuki Samurai is “cute”. Is it $400,000 cute? Apparently, although that opinion may be subject to refinement and interpretation. The price makes high content Range Rovers look like positive bargains.
Lot # 104 1973 Porsche 911 Carrera RS 2.7 Touring Coupe; S/N 9113600983; Engine # 6630970; Grand Prix White, Red “Carrera”/Black leatherette, cloth inserts; Estimate $483,453 – $590,887; Older restoration 2- condition; With Reserve; Hammered Sold at $483,453 plus commission of 13.61%; Final Price $549,256. – 2,687/210hp, 5-speed, red center Fuchs wheels, Pirelli P6000 tires, steel spare, headrests, fog lights, power antenna, 3-point belts. – Represented as the original gearbox and reunited with its original engine in 2016 after restoration in the original colors. Restored ten years ago and still in very good condition while showing 1,843 km on its odometer, probably since restoration. – There are only [sic] 210hp sitting behind the rear axle but by every account the experience of driving a Carrera RS 2.7 is exhilarating and while this is a generous price for even this matching-numbers example it isn’t out of line even though Porsche built 1,580 of them.
Lot # 105 1961 Mercedes-Benz 300SL Roadster; S/N 19804210002899; Engine # 19898010002958; Ivory, Ivory hardtop/Black leather; Black cloth top; Estimate $1,074,340 – $1,289,208; Older restoration 2- condition; With Reserve; Hammered Sold at $1,074,340 plus commission of 13.00%; Final Price $1,214,004. – 2,996/240hp, 4-speed, chrome wheels with hubcaps, Michelin XWX tires, Becker Mexico cassette stereo, both tops, disc brakes, Talbot outside mirrors, Euro headlights, metric speedometer, U.S. engine gauges. – Lightly stretched upholstery with small scratches on the driver’s seat back bolster. Excellent paint and surprisingly good and consistent exterior chrome. The engine is show polished and painted with no signs of use or age. Metric speedometer now showing 9,874km in the 90’s replaced the original U.S. speedometer which read 49,145 miles. A handsome and eminently usable disc-brake 300SL Roadster with both tops. – This is an unusually satisfying 300SL Roadster with known history from new, never messed with except for the Euro lights and speedometer and coming with both tops for expanded utility. The St. Moritz bidders realized what it is, and has been, and paid a price that should be satisfying to both the buyer and the seller.
Lot # 106 1971 Ferrari 246 GT Dino Coupe; S/N 02020; Engine # 0007595; Rosso Bordeaux/Black leather; Estimate $343,789 – $402,878; Older restoration 3+ condition; With Reserve; Hammered Sold at $316,930 plus commission of 14.19%; Final Price $361,918. – 2,419/195hp, 5-speed, Cromodora wheels (and spare), leather rim steering wheel. – Represented as the numbers-matching body, chassis, engine and gearbox. Restored in an unusual dark red shade that fits the Dino’s shape well. Good lightly stretched upholstery. The engine has fluid residue here and there as well as storage dust. A charming driver in an attractive color. – Dino prices faltered in recent years but by all recent indications they are taking off again. This has all the indicia of a sound, solid, driveable example even though it’s been parked for a while and has some engine dribble issues. The consignor should be very happy with this result; the new owner got a Dino that isn’t “cherry”, but its color is and that’s not to be overlooked.
Lot # 107 2012 Aston Martin One-77 Coupe; S/N SCFGFXXX3BGS17725; Bronze Pearl/Bittersweet Chocolate leather; Estimate $1,181,774 – $1,611,510; Unrestored original 2 condition; With Reserve; Hammered Sold at $1,638,369 plus commission of 12.83%; Final Price $1,848,536. – 7,312/750hp V-12, 6-speed AutoManual. – #27 of 77 built. Two owners, 1,007 km from new. – Predictably suggestive of the DB4GT Zagato in appearance but with double the cylinders and power, priced at £1.2 million when new for the lucky 77 to get one (less the guy who crashed his, leaving 76 remaining.) RM sold a DB4GT Zagato Sanction II at Monterey a month ago for $2,755,000, and the real deal DB4GT Zagato for $9,520,000 making this result something of a tasty value in rarity, performance and style.
Lot # 108 2011 Lexus LFA Coupe; S/N JTHHX8BH8B1000209; Whitest White/Blue leather; Estimate $590,887 – $752,038; Unrestored original 2 condition; With Reserve; Hammered Sold at $510,908 plus commission of 13.55%; Final Price $580,144. – 4,805/552hp V-10, 6-speed AutoManual, blue calipers, Dark Premium 20-inch wheels, Bridgestone tires, carbon ceramic brakes. – 211 of 500. The Yamaha-developed 72-degree even-firing V-10 engine, according to the irrefutable sources at Wikipedia, had its exhaust system developed by Yamaha’s music division, giving it “the roar of an Angel.” Showing 6,096 original miles and in essentially showroom condition. – As a demonstration of what Toyota, better known for Corollas and Priuses, was capable of engineering and building, the Lexus LFA and its Nürburgring variant are technological triumphs with enough exotic materials and manufacturing techniques to put niche supercars in the shade. Their value has come on strong recently as collectors overlooked the Lexus badge and focused on the technology, rarity and performance. This post-block result is a fair one for both the seller and the buyer and a lot less than the $819,000 RM got for LFA JTHHX8BHXC1000052 at Monterey a month ago.
Lot # 109 1958 BMW 507 Series II Roadster; S/N 70175; Engine # 40193; Papyros/Blue, White leather; Black cloth top; Estimate $2,148,680 – $2,363,548; Older restoration 2 condition; With Reserve; Hammered Sold at $2,041,246 plus commission of 12.76%; Final Price $2,301,774. – 3,168/150hp, 4-speed, Becker Mexico radio, body color wheels with hubcaps, Solex carburetors. – A Swiss car from new. Restored in 2009 by 507 specialist Hans Theil and recently tuned. Very good paint and interior. The engine compartment is impressively orderly with little indication it has been ten years since it was restored. The chassis is painted with undercoat but is clean and dry. The odometer reads 24,202 km with no indication if that’s since new or since the restoration but the car is in condition appropriate to the indicated odometer reading. – $2 million? That’s the cost of acquiring one of BMW’s choice little V-8s with superlative design by Albrecht von Goertz, a profile that BMW would continue to emulate well into the 21st century. Ten years ago only a few prescient collectors valued the 507 and its challenged 150hp V-8. They were reliably mid-6 figure cars but have taken off after RM got $2,420,000 for the Malcolm Pray 507 (with Rudge wheels and factory hardtop) at Amelia in 2014 and have only occasionally looked back from that exceptional result. Then Bonhams put the icing on the 507 cake at the Festival of Speed in 2018, selling the ex-John Surtees 507 for $5,034,636.
Lot # 110 1955 Austin-Healey 100S Roadster; S/N AHS3604; White, Lobelia Blue/Blue leatherette; no top; Estimate $698,321 – $966,906; Competition restoration 3+ condition; With Reserve; Hammered Sold at $666,091 plus commission of 13.31%; Final Price $754,724. – RHD. 2,660/132hp, 4-speed (no overdrive), alloy body, white wire wheels, Avon tires, woodrim steering wheel, full width Plexiglass windscreen, central outside fuel filler, Junghans Meister rally timers. – Raced with little success in Switzerland when new, then stored in the early 60’s until 2002. Restored in Australia and did historic events including the Mille Miglia in the early 00’s. Event used with stone chips behind the wheels and a handsome engine compartment with incidental paint loss. The chassis is aged and road-used with incidental surface rust. – A sound and usable example with some age and event miles but with many years of potential enjoyment and far too good to be re-restored. With no notable competition history in its early years this is a pure play sound car without bonus dollars for competition success and this is an appropriate price for it.
Lot # 111 2015 Porsche 918 Weissach Spyder; S/N WP0ZZZ91ZFS800219; Black, Black roof panel/Black Alcantara, Acid Green piping; Estimate $1,235,491 – $1,504,076; Unrestored original 2 condition; With Reserve; Hammered Sold at $1,342,925 plus commission of 12.90%; Final Price $1,516,162. – Matte Black wrapped over Black paint, 4,953/599hp hybrid, 7-speed AutoManual, Carrera GT sound system, navigation, air conditioning, front end lift. – Euro-spec, 3,697 km, one owner and pristine. Last serviced in November 2019. – This is what it takes to play in the 918 Spyder Weissach sandbox, and there is no give or take for use since this is about what all of them have. The Matte Black wrap is a matter of personal taste but is fashionable today.
Lot # 112 2005 Saleen S7 Twin Turbo Coupe; S/N 1S9SB18115S000047; Lizstick Red/Black leather; Estimate $644,604 – $752,038; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $537,170. – 427/750hp fuel injected twin turbo V-8, 6-speed transaxle, 7-spoke polished alloy wheels, Michelin Pilot Sport tires, power mirrors, tinted glass, air conditioning, power windows, heated windshield, rear camera, sound system, sport seats. – One owner, 780 miles and not quite like new, with some age deterioration and little nicks on the splitter. The interior has the smallest of stretch on the driver’s seat cushion. – With other Saleen S7 Twin Turbos selling for over $600,000 it’s no surprise the owner of this pristine example elected to keep it in search of a more receptive audience.
Lot # 113 1988 Porsche 959 Komfort Coupe; S/N WP0ZZZ95ZJS900234; Wine Red Metallic/Burgundy leather; Estimate $1,611,510 – $1,826,378; Unrestored original 2 condition; With Reserve; Hammered Sold at $1,880,095 plus commission of 12.79%; Final Price $2,120,479. – 2,848/450hp twin turbo six, 6-speed, heated seats, Blaupunkt Bremen cassette stereo, alloy wheels, Bridgestone RE71 tires, air conditioning. – One of seven ordered in unique Porsche Exclusive liveries by a member of the Qatar royal family, now with just 961 km from new and extensively serviced by Center Porsche Geneve 2018-19 with an engine overhaul, seal replacements, hoses, belts and more. The driver’s seat is lightly creased but beyond that the car is pristine. – This is huge money for a 959 Komfort even in this nearly in-the-wrapper condition but it also is one of the most attractive 959s ever seen. Porsche Exclusive did a superb job in integrating the colors and materials resulting in a 959 that will be an eye-catcher. That may even be enough to support the extravagant price it brought.
Lot # 114 2019 Porsche 911 GT2 RS Clubsport Coupe; S/N WP0ZZZ99ZKS197057; Pure White, Carbon fibre roof, splitter, hood/Black leatherette; Estimate $537,170 – $644,604; Competition car, original as-raced 2 condition; With Reserve; Not sold at Hammer bid of $451,223. – 3,797/700hp, twin turbos, 6-speed automanual. – Number 44 of 200 built. Delivery miles only and like new. – RM had several recent high performance 911s in this sale, and for the most part they fell flat, like this GT2 RS Clubsport. Half a million dollars for a track day only car is a stretch.
Lot # 115 2002 McLaren MP4 17D Formula 1; S/N MP417A06; Silver, Black “West”/Carbon fibre; Estimate $2,148,680 – $2,685,850; Competition car, original as-raced 2 condition; With Reserve; Hammered Sold at $1,880,095 plus commission of 12.79%; Final Price $2,120,479. – 3.0 litre/850hp V10, 7-speed sequential gearbox. – West McLaren Mercedes team car in 2002-03 driven by Kimi Räikkönen and David Coulthard. Winner at Australia in 2003 driven by Coulthard, three seconds, two thirds in the two years with other points-paying finishes and many “test car” outings. According to the documents on the website signed by Zak Brown it was documented by McLaren earlier this year. But what we don’t know is if its Ilmor-Mercedes engine runs. – The V10-era of Formula One remains in recent memory as an aural symphony of horsepower. These cars don’t show up very often and a documented race-winner from the period is seriously rare. There’s nothing to compare with this car (particularly since we don’t know it if runs). All things considered, this is a magnanimous result.
Lot # 116 2018 Porsche 911 Turbo S Exclusive Coupe; S/N WP0ZZZ99ZJS152666; Black/Black leather; Estimate $311,559 – $376,019; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $279,328. – 3,746/599hp twin turbo flat six, 7-speed AutoManual, carbon fiber roof, bonnet and details, Black alloy wheels with gold accents, Burmester sound system, adaptive cruise, front axle lift. – #433 of 500 built. One owner, 805 km showing when photographed. Under warranty until July 2022. Pristine. – The Exclusive features set this 911 Turbo S apart from many of its counterparts and brought a reasonable high bid. The consignor’s decision to fade on a bid CHF 30,000 under the low estimate may have been optimistic.
Lot # 117 1955 Mercedes-Benz 300SL Gullwing Coupe; S/N 1980405500716; Engine # 1989805500755; Silver/Red leather; Estimate $1,385,899 – $1,611,510; Older restoration 3+ condition; With Reserve; Hammered Sold at $1,316,067 plus commission of 12.91%; Final Price $1,485,947. – 2996/240hp, 4-speed, chrome centerlock wheels, Becker Europa II multi-band radio, fitted luggage. – Represented as the matching-numbers engine. Restored by Kienle in 1989. Crisp gauges, orderly engine compartment with factory finishes and some paint loss. Good interior. A sound, presentable and usable Gullwing with U.S. headlights and repro centerlock wheels. – Collectors give no points for the wheels, no matter how good they look on this Gullwing, and this is an appropriate price for this car’s configuration and equipment.
Lot # 118 1996 Porsche 911 GT2 Clubsport Coupe; S/N WP0ZZZ99ZTS392199; Black/Black cloth; Estimate $1,181,774 – $1,396,642; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $1,020,623. – 3,600/430hp, FI twin turbo, yellow spider Speedline modular wheels, Michelin Pilot Sport tires, red calipers, yellow gauge faces, roll cage, Becker CR11 radio, driver’s airbag, lap timer, Gemballa steering wheel. – One of 20 Clubsport 911s of 194 GT2s built. Turbo service in 2015. The odometer shows 18,527 km and the car’s condition supports that as from new. – Another Porsche that came up short at St. Moritz. The reported high bid isn’t disappointing, but the consignor’s expectations were set high and the bidders didn’t share the same view of the car.
Lot # 119 1953 Fiat 8V Berlinetta, Body by Fiat Carozzierie; S/N 106000011; Engine # 104000000033; Grigio Rosato/Red leather; Estimate $1,396,642 – $1,718,944; Older restoration 2 condition; With Reserve; Hammered Sold at $1,289,208 plus commission of 12.92%; Final Price $1,455,731. – 1,996/110hp V-8, two 2-barrel Weber 36 DCF 3 carburetors, 4-speed, quad grille-mounted headlights and fender-mounted driving lights, silver painted outside laced Borrani wire wheels, woodrim steering wheel, rear wheel fender skirts, outside fuel filler, – Represented as the matching-numbers engine. In Switzerland until 2008 when it was restored by Gabriel Artom 2011-14 in the original colors. Concours displayed since and in impeccable condition. – Fiat 8Vs are known for their later independent coachbuilder bodies but this original Rapi-designed 8V is ample evidence of the style and sensitivity of Fiat’s Carrozzerie Speciale department. And with due credit to RM Sotheby’s photographer Paolo Carlini it is a seriously beautiful, sensuous automobile. The new owner will always drive or show this car with pride and it is a reasonable buy at this price.
Lot # 120 2004 Porsche 911 GT3 RS Coupe; S/N WP0ZZZ99Z4S691515; Carrera White, Cranberry “Carrera”/Black cloth; Estimate $161,151 – $214,868; Unrestored original 3+ condition; With Reserve; Hammered Sold at $150,408 plus commission of 15.00%; Final Price $172,969. – 3,600/415hp, 6-speed, cranberry center alloy wheels, red calipers, Michelin Pilot Sport tires, roll cage, Xenon headlights, air conditioning, Becker CD stereo, Recaro seats, UNIPRO lap timer, power windows. – Showing 19,535 km and a little stone chipped and used but clean and apparently well-maintained. – Stated in the catalog to be one of 682 examples of the GT3 RS built from 2003-05, which begs the question “how many is ‘few’?” The bidders here at St. Moritz didn’t think this was a rare car, and it had plenty of miles which indicates this is a realistic bid.
Lot # 121 2011 Ferrari SA Aperta Convertible, Body by Pininfarina-Scaglietti; S/N ZFF72RDB000182510; Neto Stellato, Carbon fibre hardtop/Beige leather; Estimate $1,289,208 – $1,718,944; Unrestored original 2- condition; With Reserve; Not sold at Hammer bid of $1,181,774. – 5,999/661hp, 6-speed AutoManual, carbon fibre seats, white tach face, anthracite alloy wheels, yellow calipers, factory hardtop (one of reportedly sixteen supplied.) – Described as under 3,000 km from new, last serviced in 2019. Ferrari Classiche Red Book documented. Nearly like new other than small sand chips on the nose. – This is the third SA Aperta to cross auction blocks in the past month with 177989 with 4,355 miles selling for $990,000 at Mecum’s Monterey auction and 182822 with 350 miles selling for $1,105,000 at RM Monterey. Neither of those had the factory hardtop, however, but this hammer bid would have been over $1.3 million if sold, more than enough to take that accessory into account while adjusting for the mileage. The bid is reasonable and declining it is not.
Lot # 122 1953 Jaguar XK 120SE Roadster; S/N S674298; Engine # F1058-8S; Silver, White roundels/Red leatherette; no top; Estimate $182,638 – $204,125; Competition restoration 2- condition; With Reserve; Hammered Sold at $171,894 plus commission of 15.00%; Final Price $197,679. – 3,442/180hp, H6 SU carburetors, rear axle traction bars, headlight stoneguards, dual aeroscreens, no bumpers, silver painted wire wheels, Dunlop Racing tires, bucket-style seats, Jaguar steering wheel, bolt on driver’s roll bar, fuel cell, 3.77 limited slip, outside fuel filler, rally chronometer, FIA HTP documented. – Configured for historic events with participation in the Mille Miglia, Tour Auto, Targa Florio, Gstaad Classic and Le Mans Classic. Represented as the original block with a replacement C-Type head with the number scraped off. Very good cosmetics and upholstery. Clean, orderly engine compartment. Thoughtfully prepared and usable with only safety checks. – A $150,000 XK 120SE with an appropriate bonus for thorough and professional preparation for historic events.
Lot # 123 2019 Dallara Stradale Berlinetta; S/N ZA9ME2104KVM27127; White, Black roof/Black leather; Estimate $214,868 – $268,585; Unrestored original 2 condition; With Reserve; Not sold at Hammer bid of $182,638. – 2,261/395hp turbocharged Ford EcoBoost engine from the Escort/Focus RS, 6-speed AutoManual, Black alloy wheels. – 172 km from new and pristine. – Dallara’s attempt to evolve from a specialist racing car contractor producing chassis/tubs for Indy Car and various FIA formula classes to a specialist road car constructor. They haven’t been as successful as McLaren in making the transition and, until this car showed up at St. Moritz, who knew that the Dallara Stradale even existed. The specs are impressive with 855 kg dry weight (1,890 pounds) and 395 mid-mounted EcoBoost Four horsepower (4.9 pounds/horsepower), a lithe, carbon fiber Italian in the Colin Chapman/Lotus tradition of less (weight) is more. To get a better impression of the Dallara Stradale read Kyle Kinnard’s impressions in Road & Track here. After his endorsement the bid here seems parsimonious, but who knew? The answer is “no one” and that is the problem, along with the fact that it isn’t pretty, just effective, like an IMSA DPi.
Lot # 124 1946 Delahaye 135M Cabriolet, Body by Graber; S/N 800320; Engine # 800320; Oxford Blue/Red leather; Blue cloth top; Estimate $295,444 – $349,161; Older restoration 2- condition; With Reserve; Hammered Sold at $279,328 plus commission of 14.42%; Final Price $319,616. – RHD. 3,557/115hp, three Solex carburetors, pre-selector 4-speed, chrome wire wheels, tinted translucent sun visors, outside fuel filler. – Very good recent repaint, otherwise well-preserved from a late 90’s restoration at Vantage Motor Works. Good upholstery with little use and a satisfying, orderly engine compartment. – Sold at the New York Auto Salon auction in 1999 after the 90’s restoration for $170,500 and offered by RM at Monterey in 2017 where it was bid to $400,000, this is a handsome if conservatively bodied Delahaye with the lazy but powerful 135M engine and deceptive 4-speed pre-selector shifted transmission (the lever on the floor is for finding reverse.) A quality car with Swiss coachwork in a Swiss auction, it is a sound value for its new owner.