AUTOMOBILSPORTISSUE #06154 155

THE PINNACLEPHOTOGRAPHS: X XX

the market. Rarer modern classics and supercars are

the � avours of the month, taking big money as well

as taking the shine off blue-chip classics such as the

Mercedes 300SL, Porsche 911 2.7 RS, and Ferrari 275.

Some of the more ordinary cars from the '80s and

'90s also found happy new owners. A 1993 Jaguar

XJ220 made $462,000, a 1996 Porsche 911/993 RS 3.8

made $550,000 and a 2005 Mercedes-Benz SLR made

$495,000. These prices would have been unthinka-

ble even as recently as the Technoclassica in spring

this year. On Friday, Bonhams got down to business

with some very nice cars. After their brilliant perfor-

mance in 2014 with the 'Violati Collection', it was ne-

cessary to keep up with the US auction houses. With

signi� cantly fewer cars, they did very well to have a

sold rate of 89 percent and at the end of the day there

were plenty of happy faces at Bonhams, with a total

� gure of over $45,000,000. “We're very pleased with

our results,” said auctioneer James Knight that eve-

ning. Bonhams also had a 1959 Ferrari 250 GT Berli-

netta 'Tour de France' on offer. Not quite as good as

the Tour-winning car offered by RM, but still good

enough for third place at the '59 Tour – and $8,525,000.

Unlike the some of the other auction houses, the Bri-

tish didn't miscalculate with the expensive Ferraris.

All of their Prancing Horses found buyers, at good

prices. A very rare 1971 Ferrari 365 GTB/4 'Daytona'

went for $2.64 million and a 1985 Ferrari 288 GTO for

$2.365 million. Again you can recognise the trend to-

wards younger cars...

AUCTION RESULTS

The auction marathon was kicked off this year on

Thursday by RM Sotheby's, with the so-called 'Pin-

nacle Collection' from a UC collector. The collection

included not only some of the greatest sports cars,

but also served as a barometer for the whole week-

end. The tension was palpable in the hall, as auc-

tioneer Max Girardo wasted little time earning the

'Pinnacle' owner over $75 million. Altogether, RM

Sotheby's total was a sensational $172,700,000 – the

most successful automotive auction of all time, and

beating last year's results by 20 percent.

There were 35 cars that sold for over $1 million, four

of which went over the $10 million mark. The most

expensive car of the weekend was a 1964 Ferrari

250LM with a fantastic history. The car was sold in

Europe in January 2013 for $9 million and RM helped

the happy owners to a total of $17.6 million – a re-

markable return over just 30 months. Next best was

a 1998 McLaren F1 LM, which sold for $13.75 million.

That car was last sold by Christie's in 2003 for $1.255

million, which at the time was an incredibly high

price for such a modern car.

Throughout the weekend, rare Ferraris were both

winners and losers. RM had an exceptional 1956

Ferrari GT Berlinetta 'Tour de France' on offer, with

the hammer falling at $13.2 million. A no less spec-

tacular car, the 1960 Ferrari 250 GT Berlinetta 'SWB',

didn't sell despite bids well in excess of $10 million.

All the more surprising is that a sister car also failed

to sell at the Villa d'Este auction. Is there a new trend

looming? For me, it's been clear for months that the

market is currently going through changes. There

is still plenty of money changing hands, but a new,

younger generation of buyers is currently dominating

BY JAN B.

LUEHN

JAN B. LUEHN, 38, began his automotive career at the

prestigious Christie's auction house in London, before

starting his own business in Brussels in 2006 after three

years of auctioning experience. Meanwhile, he lives and

works as a car broker in Münster, Germany, where he

uses his experience to trade in sports and racing cars. For

AUTOMOBILSPORT, Jan keeps track of the classic car market,

and visits the most important auctions.

Right now, Sunday evening after the big auctions, we leave an eventful weekend behind us. It's estimated in total that around $390 million worth of cars were sold and $175 million of that came through RM Sotheby's. There were some interesting developments to observe: top cars are still in demand and sell well, for example the Ferrari 250 LM for $17,500,000 and the Jaguar C Type lightweight works car for $13,200,000. Aston Martin is catching up too; we sold a DB2/4 Mk III for $1,072,000 and a 1940 Speed Model Type C for an incredible $1,155,000.

Porsches have risen in price dramatically over the last two years. We're seeing now that the results can't always keep up with the expectations of the sellers. But there are always exceptions, like the 959 Coupé sold by Gooding. Maserati prices are doing well, too, and Ferrari and Mercedes prices are holding steady at a high le-vel – just look at the 250 GT Lusso, Daytona, 250 GT LWB California Spyder and the 300 SL.

Sports cars such as the McLaren F1, Maserati MC12, Bugatti Vey-ron and EB110 and the Mercedes SLR continue to be in vogue. That was particularly evident over the last few days: a Ferrari Enzo, gi-ven to the Pope as a present and then signed, went for $6,050,000. It's very fascinating.

Sincerely yours, Annette Abaci — now, RM Sotheby’s

Overall top 10 sales from all auctions: 1. 1964 Ferrari 250 LM Coupe sold for $17,600,000 (RM Sotheby's)2. 1961 Ferrari 250 GT California SWB Spyder (closed headlight) sold for $16,830,000 (Gooding & Co.)3. 1962 Ferrari 250 GT SWB Coupe sold for $16,500,000 (Gooding & Co.)4. 1998 McLaren F1 LM Coupe sold for $13,750,000 (RM Sotheby's)5. 1953 Jaguar C-Type Works Lightweight Roadster sold for $13,200,000 (RM Sotheby's)6. 1956 Ferrari 250 GT TdF Coupe sold for $13,200,000 (RM Sotheby's)7. 1982 Porsche 956 Coupe sold for $10,120,000 (Gooding & Co.)8. 1959 Ferrari 250 GT Interim Coupe sold for $8,525,000 (Bonhams)9. 1959 Ferrari 250 GT California LWB Spyder (open headlight) sold for $8,500,000 (RM Sotheby's)10. 1950 Ferrari 275 S/340 America Barchetta sold for $7,975,000 (RM Sotheby's)

LIVE FROM MONTEREY

Every year in August, the entire classic car scene holds its breath and � xes its eyes on Pebble Beach, Ca-lifornia. Already in the weeks leading up to the big auctions, some seasoned collectors and dealers were very sceptical about whether the market would continue to head upwards or maybe even experience a crash. The results, however, were more than positive and some new trends even appeared in the market.

One thing about the market never changes: ex-traordinary vehicles command an increasing level

of interest. For cars with higher production numbers, however, we're seeing prices return more and more to a real-istic level. The Ferrari Dino and the Mercedes-Benz 300 SL are good examples. Looking just at the 300 SL, there were around 3000 built in Roadster and Gullwing con� gurations. The situ-ation is different if a potential buyer has to ask himself if he will ever have a second chance to buy a particular car. If not, it's often a decisive reason for somebody to make the purchase.

A strong upward trend in terms of price can also be seen for very different cars, from not that long ago. Sportscars from the 1980s to the end of the '90s – and even into the new millennium – are in high demand. Cars like the Ferrari 550 Maranello, the Porsche 964, and even the 2.3 or 2.5 16-valve Mercedes 190 are highly sought after. The demand goes up with certain crite-ria, such as manual transmission and rear-wheel-drive, and of course the reasons for the demand are easy to explain. These cars are the last generation of thoroughbred sportscars that haven't been overgrown with electronics. With the Ferrari 550 Maranello, you get a 12-cylinder, front-engine Ferrari – like a modern day 365 Daytona. The Porsche 964 is the last of the air-cooled 911s with the famous bulging headlights. These cars are still affordable, and are genuine insiders' tips.

I'm excited to see the results of our upcoming auction at the Château de Chantilly, which will run as part of the venue's Pe-ter Auto event. In total, we have 28 cars in the programme, and 10 of those are models of which less than four were ever built (including a Bugatti 57, a Maserati Boomerang, and a Maserati Mexico). We also have our great auction at the Goodwood Re-vival, followed by the 'Zoute Sale' at Knokke-Heist in Belgium on October 9, 2015.

Philip KantorBONHAMS Head of Department Motor Cars Europe

THE LAST GENERATION

AUTOMOBILSPORTISSUE #06156 157

AUCTIONEER LOCATION MAKE TYPE YEAR ESTIMATE SOLD FOR

MECUM AUCTIONS, 13.-15.08.2015, MONTEREY (USA)

Mecum Monterey (USA) McLaren M6B Can-Am 1968 300.000–400.000 n.s. (USD 235.000)

Mecum Monterey (USA) Chevrolet Greenwood Corvette IMSA Widebody 1974 550.000–700.000 n.s. (USD 300.000)

Mecum Monterey (USA) Shelby GT350 Fastback 1966 ?? xx USD 127.500

Mecum Monterey (USA) Ford SVT Mustang Cobra R 2000 ??xx USD 24.000

Mecum Monterey (USA) McLaren M8C 1970 ??xx n.s. (USD 290.000)

Mecum Monterey (USA) Miller Gulf Special 1938 ??xx n.s. (USD 65.000)

RM SOTHEBY’S, 13.-15.08.2015, MONTEREY (USA)

RM Sotheby’s Monterey (USA) Ferrari 250 LM (Chassis 6105) 1964 ??xx USD 17.600.000

RM Sotheby’s Monterey (USA) Ferrari F40 LM 1994 ??xx USD 3.300.000

RM Sotheby’s Monterey (USA) Ferrari 250 GT SWB Berlinetta Competizione(Chassis 1773GT)

1960 ??xx n.s. (USD 13.250.000)

RM Sotheby’s Monterey (USA) Ferrari 275S/340 America Berlinetta(Chassis 0030MT)

1950 ??xx USD 7.975.000

RM Sotheby’s Monterey (USA) Jaguar C-Type Works Lightw. (Chassis XKC 052) 1953 ??xx USD 13.200.000

RM Sotheby’s Monterey (USA) Chevrolet CERV I 1960 1.300.000–2.000.000 n.s. (USD 800.000)

RM Sotheby’s Monterey (USA) Chevrolet Corvette L88 RED/NART Le Mans 1968 1.400.000–2.000.000 n.s. (USD 850.000)

RM Sotheby’s Monterey (USA) AAR Eagle Santa Ana Indianapolis„City of Daytona Beach“

1969 350.000–400.000 n.s. (USD 280.000)

RM Sotheby’s Monterey (USA) Cisitalia-Fiat Speciale 1948 ??xx USD 77.000

RM Sotheby’s Monterey (USA) Watson Indianapolis „Diet-Rite Cola Special“ 1963 250.000–350.000 n.s. (USD 180.000)

RM Sotheby’s Monterey (USA) Ferrari 250 GT Berlinetta Competizione‘Tour de France’ (Chassis 0557GT)

1956 ??xx USD 13.200.000

RM Sotheby’s Monterey (USA) Siata Daina Gran Sport 1952 ??xx USD 357.500

RM Sotheby’s Monterey (USA) Jaguar SS 100 3½-Litre Roadster 1938 ??xx USD 583.000

RM Sotheby’s Monterey (USA) Bizzarrini P538 1976 700.000–900.000 n.s. (USD 430.000)

RM Sotheby’s Monterey (USA) Ferrari 458 Challenge Evoluzione 2013 ??xx USD 242.000

RM Sotheby’s Monterey (USA) Arnolt-Bristol Roadster 1956 350.000–450.000 n.s. (USD 270.000)

RM Sotheby’s Monterey (USA) Lesovsky-Offenhauser Indianapolis „Blue Crown Special“ 1949 ??xx USD 302.500

GOODING & COMPANY, 15.-16.08.2015, PEBBLE BEACH (USA)

Gooding Pebble Beach (USA) MG MGA Twin-Cam Roadster 1960 250.000–350.000 USD 236.500

Gooding Pebble Beach (USA) Shelby 289 Cobra 1965 900.000–1.000.000 USD 858.000

Gooding Pebble Beach (USA) Ferrari 206 S Dino Spider 1966 2.600.000–3.400.000 USD 2.310.000

Gooding Pebble Beach (USA) Porsche 956 1982 7.000.000–9.000.000 USD 10.120.000

Gooding Pebble Beach (USA) Lola T70 Mk III Spyder 1967 550.000–750.000 USD 475.000

Gooding Pebble Beach (USA) Porsche 993 Turbo 1996 275.000–350.000 USD 192.500

Gooding Pebble Beach (USA) Porsche 906E 1967 1.600.000–2.000.000 USD 1.650.000

Gooding Pebble Beach (USA) Bugatti Type 38 Roadster 1927 200.000–250.000 USD 264.000

Gooding Pebble Beach (USA) Fiat-Abarth 750 GT 1959 130.000–160.000 USD 126.500

Gooding Pebble Beach (USA) Porsche 911 Carrera 3.0 RSR 1975 700.000–900.000 USD 1.292.500

Gooding Pebble Beach (USA) Ferrari 333 SP 1998 2.000.000–2.400.000 USD 2.090.000

Gooding Pebble Beach (USA) Porsche RS60 1960 5.500.000–7.000.000 USD 5.400.000

BONHAMS, 14.08.2015, QUAIL LODGE AUCTION, CARMEL (USA)

Bonhams Carmel (USA) Jaguar XJR-5 IMSA GTP 1982 450.000–550.000 USD 396.000

Bonhams Carmel (USA) Porsche 911 Carrera RS 2.7 1973 250.000–300.000 USD 324.500

Bonhams Carmel (USA) Alfa Romeo 6C 2300 Pescara Spider 1934 550.000–750.000 USD 473.000

Bonhams Carmel (USA) Bugatti Type 29/30 ‘Réservoir ovale course’ 1922 950.000–1.200.000 USD 1.045.000

Bonhams Carmel (USA) Siata 300BC Sport Spider 1952 400.000–475.000 USD 313.500

Bonhams Carmel (USA) Ferrari 250 GT Competizione Berlinetta 1959 9.000.000–12.000.000 USD 8.525.000

Bonhams Carmel (USA) Ford Galaxie 500 R-Code Factory Lightw. 1963½ 140.000–180.000 USD 88.000

Bonhams Carmel (USA) Cunningham C4R Continuation 1952 750.000–1.100.000 n.s.

Bonhams Carmel (USA) Lotus 20/22 Formula Junior 1961 35.000–45.000 zurückgezogen

Bonhams Carmel (USA) Cooper-Climax Monaco T-49 Mk I Sports Racer 1959 350.000–450.000 USD 308.000

Bonhams Carmel (USA) Lotus Eleven Le Mans Sports Racer 1956 325.000–425.000 USD 209.000

Bonhams Carmel (USA) Aston Martin 2-Litre Works Team Car 1948 600.000–900.000 USD 781.000

Bonhams Carmel (USA) McLaren-Chevrolet M10B Formula A/5000 1970 100.000–140.000 n.r. USD 143.000

RUSSO AND STEELE, 13.-15.08.2015, MONTEREY (USA)

Russo and Steele Monterey (USA) Shelby Cobra CSX4185 Challenge Series 1965 ??xx USD 63.800

Russo and Steele Monterey (USA) Shelby GT350 1966 ??xx USD 132.000

RICK COLE AUCTIONS, 13.-15.08.2015, MONTEREY (USA)

Rick Cole Monterey (USA) Ferrari 308 GT/M 1984 950.000–1.000.000 USD 650.000

Rick Cole Monterey (USA) Tempero Lister Costin Jaguar (Knobbly Replica) 1959 150.000–175.000 USD 65.000

Rick Cole Monterey (USA) Maserati 450S 1957 ??xx USD 1.900.000n.s. = not sold (@ highest bid) · n.r. = no reserve

Those who steered clear of the crowds and numerous

parties on Saturday night found themselves at lo-

cal hero David Gooding's auction. Famous for high-

pro� le Porsches and Ferraris, Gooding & Co offered

a fantastic collection of sports and racing cars from

different eras. In terms of price, the highlights were

a 1962 Ferrari 250 GT 'SWB' with special bodywork

from Bertone ($16.5 million), a 1961 Ferrari 250 GT

'SWB' California Spyder ($16.83 million) and a 1957

Ferrari 410 Superamerica ($5,087,500). Porsche race

cars were a pleasant surprise as well. The 1982 Le

Mans-winning Porsche 956, in Rothmans colours,

went for a whopping $10.12 million – a new record for

a Group C car. It's worth noting that Le Mans Classic

organiser Patrick Peter has made these Group C cars

eligible for the event now.

A 1960 Porsche RS60 found a good home for $5.4 mil-

lion, while an even nicer 1967 Porsche 906E went for

$1.65 million. Gooding sold 115 of the 129 cars that

were on offer, (sold rate of 89 percent), with a total

earn of $128 million, 21 percent up on last year. Me-

cum made $45 million, up 30 percent from last year.

The small auction house, famous mostly for US cars,

had an ace up its sleeve with an ex-Steve McQueen

1976 Porsche 930 Turbo. The dark green 911 went un-

der the hammer for $1.95 million. Have we already

spoken about more modern classics?

In total, the weekend was worth $392 million. The

results from Russo and Steele and Rick Cole's on-

line auction weren't available as we closed for press.

AUCTION RESULTS