Hagerty Insider Issue 4
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EXPERT NEWS & ANALYSIS FROM THE COLLECTOR CAR AUTHORITY<br />
ISSUE 4 | JULY– AUGUST 2019<br />
$20 MILLION<br />
A 1939 PORSCHE TYPE 64 HEADLINES OUR<br />
TOP 20 MONTEREY AUCTION ESTIMATES<br />
DON’T RESTORE THAT CAR<br />
SAYS THE MAN WHO OWNS A RESTORATION SHOP<br />
60+ CARS RATED & EVALUATED<br />
IN-DEPTH ANALYSIS FROM THE SPRING AUCTIONS
JULY | AUGUST 2019 CONTENTS<br />
14 | THE WILEY REPORT<br />
A NEW GENERATION IS DRIVING THE MARKET | BY JOHN WILEY<br />
23 | SHOP TALK<br />
DECIDING WHEN TO RESTORE YOUR CLASSIC—AND<br />
KNOWING WHEN YOU SHOULDN’T | BY COLIN COMER<br />
29 | ULTIMATE PORSCHES<br />
THE LONG-TERM PROSPECTS OF MODIFIED 911S | BY ROB SASS<br />
34 | MARKET SPOTLIGHT<br />
CAN GROUP B RALLY CARS SHOCK THE MARKET LIKE THEY DID RACING?<br />
BY ANDREW NEWTON<br />
45 | MONTEREY AUCTION PREVIEW<br />
ANTICIPATED TOP SALES AT THIS YEAR’S AUCTIONS<br />
59 | GUIDEBOOK TO MONTEREY<br />
AN INSIDER’S TOUR TO AMERICA’S PREMIER CAR EVENT | BY BRETT BERK<br />
67 | SAVE THE DATE<br />
AUCTION CALENDAR FOR THE REST OF 2019<br />
70 | AUCTION REPORTS<br />
TUPELO MUSEUM AUCTION, MECUM INDIANAPOLIS & HOUSTON<br />
2
EDITOR’S LETTER<br />
BY BRIAN RABOLD<br />
T<br />
he collector car world is full of dichotomies. Ford vs. Chevy.<br />
Restored vs. original. Speed vs. style. What lures one enthusiast<br />
into the car world can push another away, and what<br />
moves one gearhead can repulse another. This phenomenon<br />
is unavoidable because cool cars inspire passion, and passion doesn’t suffer<br />
indifference. Throw in the fact that “coolness” is often entirely subjective,<br />
and there are bound to be deep divides. To me this variety of viewpoints<br />
makes the whole ecosystem interesting. There are innumerable ways to<br />
approach and appreciate cars.<br />
Add another rift to the list: cars vs. investments. Soaring prices inevitably<br />
lead to more media coverage (because, well, news), and more awareness<br />
of value increases is accompanied by a whole class of services like<br />
classic car investment funds, novel trading platforms, and, yes, more<br />
online resources and outlets like this one that attempt to explain the mercantile<br />
aspect of what is otherwise a perfectly respectable hobby. Only, it<br />
isn’t simply a hobby anymore. Not when there is an entire infrastructure<br />
4
EDITOR’S LETTER<br />
established to serve, enhance, and profit from the interests of the hobbyist.<br />
Not when billions of dollars are tied to it.<br />
Is that an inherent problem? Back to that rift. One side of the street<br />
argues that cars are cars and viewing them through a financial lens<br />
misses the point entirely. (<strong>Hagerty</strong>’s own Aaron Robinson recently and<br />
deftly took up arms in defense of this point. https://www.hagerty.com/<br />
articles-videos/articles/2019/06/12/classic-cars-as-assets-missing-thepoint)<br />
The other side sees financial opportunity in buying and holding<br />
cars—sometimes stored unseen and undriven—in pursuit of future finan-<br />
One side of the street argues that cars are<br />
cars and viewing them through a financial<br />
lens misses the point entirely.<br />
cial gain. The former views the latter as profiteers, ruthlessly raising values<br />
for everyone else as they overpay and underuse what they feel has no<br />
right being called the A-word (as in “asset”). The warring camp believes<br />
the original intent of the car is irrelevant, and to blithely ignore financial<br />
fact is fiscal folly.<br />
I’m here to tell you that there is no “correct” stance, just a stance that<br />
is correct for you. Motives to purchase are personal and the open market<br />
doesn’t care how pure your intentions are. There is no denying that the point<br />
of a classic car isn’t in how much it costs today and how much it will cost in<br />
the future. But that doesn’t mean recognizing a financial opportunity and<br />
having the means to act upon it is to be scolded. It’s simply a reality.<br />
My advice, learned from people who were buying and selling cars back<br />
when the industry truly was a hobby, is to buy what you love and buy what<br />
you’ll enjoy. Bring financial upside into the decision as a tie breaker. This<br />
way you end up with something parked in your garage (and hopefully<br />
driven on the street) that puts the emphasis on the tangible nature of these<br />
tangible assets. But you also make an informed decision about the true<br />
cost of ownership so that you are prepared for what the future may hold.<br />
And remember that the rift isn’t an either/or argument, it is actually a<br />
continuum. Most market watchers aren’t treating collector cars any differently<br />
than those who cringe at the A-word. They drive, show, and celebrate<br />
the cars they own, and they get the same smile on their faces when they<br />
5
hear an engine rev. They don’t watch prices as a way to get rich, they do it<br />
so they can buy a model they’re interested in before it’s priced out of their<br />
budget. Or they’re aiming to ride one fun car’s appreciation to a new level<br />
so they can then move into another fun car that initially might have been<br />
out of reach.<br />
It is all about the enjoyment of experience and the personal connections<br />
that come from owning something a little bit different. But like any<br />
It is all about the enjoyment of experience<br />
and the personal connections that come<br />
from owning something a little bit different.<br />
major purchase, if you are spending more money than you can afford to<br />
lose, it’s an unnecessary risk to ignore the market signs.<br />
With word choice changing depending on your vantage point and focal<br />
length, it is as important as ever to remember the age-old advice to buy<br />
what you love. The financial aspect of enthusiast cars is impossible to<br />
ignore, but the emotional payoff is more predictable and reliable.<br />
Is there a market-related subject you’d like to hear more about? Drop me a<br />
line at brabold@hagerty.com.<br />
6
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THE HAGERTY VALUATION TEAM<br />
THE MOST EXPERIENCED AND KNOWLEDGEABLE EXPERTS<br />
IN THE COLLECTOR CAR BUSINESS.<br />
GLENN ARLT<br />
Historian<br />
Traverse City, MI<br />
A lifelong car enthusiast,<br />
Glenn left a career at a<br />
research lab to join <strong>Hagerty</strong><br />
more than 20 years ago. He<br />
currently provides historical<br />
expertise to the Valuation<br />
Team while managing<br />
the “Ask <strong>Hagerty</strong>”<br />
Concierge Service.<br />
ROB BENNETT<br />
Vehicle Data Specialist<br />
Traverse City, MI<br />
Rob grew up in a sports<br />
car household and is both<br />
a Mustang enthusiast and<br />
a photographer. After<br />
graduating from Central<br />
Michigan University, he<br />
joined <strong>Hagerty</strong> in 2001 and<br />
was a trainer in the sales<br />
department for 8 years.<br />
RICK CAREY<br />
Auction Analyst<br />
Thompson, CT<br />
Rick was one of the first people<br />
to report on the collector car<br />
market in detail almost 30<br />
years ago and has unparalleled<br />
market knowledge. Primarily<br />
focused on auctions, he created<br />
and maintains one of the<br />
largest databases of auction<br />
transactions at rickcarey.com.<br />
COLIN COMER<br />
Marketplace Expert<br />
Milwaukee, WI<br />
Colin is a sought-after expert<br />
for top collectors worldwide,<br />
a panelist at our Valuation<br />
seminars, and an advisor for<br />
the <strong>Hagerty</strong> Price Guide. He<br />
is also the author of several<br />
books on the muscle car era<br />
and Shelby-American and a<br />
noted car collector himself.<br />
JAMES HEWITT<br />
Information Analyst<br />
Boulder, CO<br />
James is a classic motorcycle<br />
collector who has owned<br />
over 100 vintage bikes from<br />
the 1960s and ‘70s. He has<br />
an industrial engineering<br />
degree from the University<br />
of Michigan and previous<br />
experience in software<br />
startups and the tech industry.<br />
GREG INGOLD<br />
Assistant Editor,<br />
<strong>Hagerty</strong> Price Guide<br />
Traverse City, MI<br />
Greg grew up tinkering<br />
on old cars and trucks<br />
and developed a<br />
particular obsession with<br />
Pontiacs. A longtime<br />
<strong>Hagerty</strong> employee, he<br />
currently owns a 1969<br />
Pontiac Grand Prix.<br />
DAVE KINNEY<br />
Publisher, <strong>Hagerty</strong> Price Guide<br />
Great Falls, VA<br />
Dave Kinney, the publisher of the<br />
<strong>Hagerty</strong> Price Guide, is a renowned<br />
market expert who has written<br />
regular columns for a host of<br />
magazines. He judges at events<br />
and attends dozens of auctions<br />
each year. Dave is an automotive<br />
appraiser and a senior member of<br />
The American Society of Appraisers.<br />
ERIK NELSON<br />
Vehicle Data Specialist<br />
Traverse City, MI<br />
Erik comes from a long<br />
line of car nuts and has<br />
bought and sold many<br />
cars, particularly AMCs,<br />
over the years. A 20-<br />
year <strong>Hagerty</strong> veteran, he<br />
currently works on our<br />
Valuation databases and<br />
VIN decoder.<br />
8<br />
MATT NELSON<br />
Vehicle Data Specialist<br />
Wilkes-Barre, PA<br />
Matt interned at <strong>Hagerty</strong><br />
while earning a finance<br />
degree from Michigan State<br />
University. He is a Japanese<br />
import enthusiast and<br />
gained broad automotive<br />
expertise while working on<br />
the insurance side of the<br />
business for <strong>Hagerty</strong>.
THE VALUATION TEAM<br />
ANDREW NEWTON<br />
Auction Editor<br />
Houston, TX<br />
Andrew has been writing<br />
about cars and covering the<br />
collector car market since 2012.<br />
He has a masters in history<br />
and served as both associate<br />
editor at Sports Car Digest and<br />
education manager at the Larz<br />
Anderson Auto Museum before<br />
joining <strong>Hagerty</strong> in 2014.<br />
JESSE PILARSKI<br />
Information Analyst<br />
Seattle, WA<br />
Jesse joined <strong>Hagerty</strong> after<br />
earning a mathematics<br />
degree from Michigan State<br />
University. He has spent the<br />
last seven years consuming,<br />
analyzing, and refining all<br />
of the automotive data<br />
<strong>Hagerty</strong> has at its disposal.<br />
BRIAN RABOLD<br />
VP of Valuation Services,<br />
Editor, <strong>Hagerty</strong> <strong>Insider</strong><br />
Portland, OR<br />
Brian began his career in<br />
the collector car industry at<br />
Sports Car Market and now<br />
heads <strong>Hagerty</strong>’s Valuation<br />
department. He also<br />
serves as the editor of the<br />
<strong>Hagerty</strong> Price Guide.<br />
TIM WEADOCK<br />
Senior Manager of Vehicle<br />
Database Operations<br />
Traverse City, MI<br />
Tim, a veteran of the collector<br />
car industry, has been<br />
collecting Valuation and<br />
market data for <strong>Hagerty</strong> for<br />
two decades. He is one of the<br />
inventors of <strong>Hagerty</strong>’s<br />
pre-17-digit VIN decoder.<br />
JOHN WILEY<br />
Senior Data Analyst<br />
Seattle, WA<br />
John is a lifelong car nut<br />
and avid photographer<br />
with a masters in applied<br />
mathematics from the<br />
University of Chicago.<br />
He joined <strong>Hagerty</strong> from<br />
Zillow Group, where he<br />
was a data scientist.<br />
FRANK WILKE<br />
Managing Director,<br />
Classic Analytics<br />
Bochum, Germany<br />
Frank studied law at<br />
Bochum University and<br />
runs Classic Analytics,<br />
Germany’s biggest appraisal<br />
organization for classic<br />
cars and a wholly owned<br />
subsidiary of <strong>Hagerty</strong>.<br />
CHRIS WINSLOW<br />
Vehicle Data Specialist<br />
Traverse City, MI<br />
Chris, who has a particular<br />
interest in American muscle<br />
cars and modified classics,<br />
attended Northwestern<br />
Michigan College for<br />
Auto Tech and worked as<br />
a professional mechanic<br />
before joining <strong>Hagerty</strong>.<br />
9
THE VALUATION TEAM<br />
$209,173,565<br />
IN CARS INDIVIDUALLY INSPECTED BY HAGERTY<br />
TO ASSESS CONDITION AT U.S. COLLECTOR<br />
CAR AUCTIONS IN JANUARY 2019<br />
CLASSIFIED LISTINGS ANALYZED BY HAGERTY<br />
378 Years<br />
OF TEAM EXPERIENCE<br />
OF ALL VEHICLES SOLD AT U.S. COLLECTOR<br />
CAR AUCTIONS IN 2018 (OVER 14,000 VEHICLES)<br />
WERE PERSONALLY INSPECTED BY HAGERTY<br />
TO ASSESS CONDITION.<br />
Over 1.25 Million<br />
DECODABLE VINS IN HAGERTY’S VIN DECODER<br />
Over 415,000<br />
AUCTION AND PRIVATE<br />
TRANSACTIONS ANALYZED<br />
Over 1 million<br />
HISTORIC COLLECTOR CAR VALUES<br />
IN THE HAGERTY PRICE GUIDE<br />
10
REGISTER TO BID<br />
1987 Mercedes-Benz Autosalon<br />
2000 Super Sport<br />
1955 Chevrolet 210 Bel Air Custom<br />
2005 Ford GT<br />
1971 Ferrari 365 GTB/4 Daytona Berlinetta<br />
Coachwork by Scaglietti<br />
1969 Shelby GT350 Fastback<br />
29 AUGUST–1 SEPTEMBER<br />
AUBURN FALL<br />
STILL ACCEPTING CONSIGNMENTS<br />
HEADQUARTERS +1 519 352 4575<br />
NEW YORK +1 212 894 1562<br />
CALIFORNIA +1 310 559 4575<br />
FLORIDA +1 954 566 2209<br />
INDIANA +1 260 927 9797<br />
RM AUCTIONS, INC. LIC. NO. 1800217/LICENSED AUCTIONEER BRENT EARLYWINE #AU 01049489
GLOSSARY OF TERMS<br />
CONDITION: A numerical rating of the physical presentation of a car, on a<br />
scale of 1 to 6, as it is observed in a walk-around. Condition is not a synonym for<br />
the points awarded by Bloomington, JCNA, or other specialist organizations<br />
for the accuracy of casting dates, radiator caps, and brake hoses. It doesn’t<br />
attempt to differentiate between correct totally original cars, street rods, and<br />
race-modified cars.<br />
#1 CONDITION Beyond-perfect restorations. While logic would equate<br />
this with a factory-fresh car, the collector car world hasn’t adopted that<br />
way of thinking, creating Pebble Beach, Louis Vuitton, and other restorations<br />
that are better than showroom presentations.<br />
#2 CONDITION Meticulous, showroom-quality restorations. In other<br />
words, virtually new. By many collectors’ standards, a 2 or 2+ is preferable<br />
to a condition 1, as it means factory presentation hasn’t been destroyed<br />
in the course of creating jewelry.<br />
#3 CONDITION Normally used, low-mile cars that have been kept original,<br />
or restorations that have seen some miles but been well maintained.<br />
You would put a 3 in your garage and drive it on weekends without feeling<br />
embarrassed or endangered in doing so. Most collector cars are 3s.<br />
#4 CONDITION Serious defects, and/or hard use not ameliorated by good<br />
and consistent maintenance. You wouldn’t take a 4 to a local marque rally<br />
without being a bit self-conscious. Nevertheless, many daily drivers are 4s.<br />
#5 CONDITION Running, but battered, incomplete, and perhaps rusty.<br />
#6 CONDITION Parts car.<br />
CHARACTER: In our reports you’ll also see repetitive qualitative descriptions<br />
of cars’ overall character, such as “Older restoration.” They attempt to characterize,<br />
in a limited number of phrases, the larger qualitative impressions of<br />
the kind of treatment the car’s received. In the context of potential owners’<br />
evaluations and aspirations, there’s a vast difference between cars described<br />
as an “Unrestored original, 3 condition” and an “Older restored 3 condition,” a<br />
qualitative mental picture we hope the combination of the two ratings conveys.<br />
These are largely subjective qualifications, yet there also is remarkable consistency<br />
among experienced observers.<br />
HAGERTY INSURANCE QUOTE DATA: When a potential customer calls for<br />
pricing on an insurance policy, our agents ask for vehicle details (e.g., year,<br />
whether it’s stock or modified) and personal/household details (such as whether<br />
the customer has a 16-year-old living at home). The Valuation Team aggregates<br />
hundreds of thousands of these quotes annually (stripped of identifying<br />
details) and uses the data to track market trends—such as which cars draw<br />
interest from younger buyers (see page 14).<br />
12
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THE WILEY REPORT<br />
THE<br />
X-FACTOR<br />
How the MTV generation<br />
is driving collector car prices.<br />
BY JOHN WILEY<br />
14
THE WILEY REPORT<br />
V<br />
alues go up, and values go down. That’s a constant in<br />
the collector car world. In the 15 years that the <strong>Hagerty</strong><br />
Price Guide has been charting the market, we’ve seen<br />
peaks (September 2009, September 2018) and valleys<br />
(January 2010). We’ve watched certain vehicles, like<br />
Ferraris, skyrocket while others, such as 1950s American cars, have lagged<br />
behind. These fluctuations are a function of immutable laws of supply and<br />
demand and, for those of us who watch the collector car market, a matter<br />
of intense interest. Rarely, though, do we take a step back and ask a fundamental<br />
question: Who is driving these changes in prices?<br />
In the last issue of <strong>Insider</strong>, we demonstrated that younger buyers are<br />
active shoppers and are generally willing to pay good money. But does that<br />
activity translate to influence over the market as a whole? Perhaps the<br />
collector car market could be like a political contest where one candidate<br />
To determine who’s pushing up values,<br />
we need to have background on the ages<br />
of who is buying what and we need<br />
consistent valuation data.<br />
PREVIOUS PAGE: MATT TIERNEY<br />
gets tons of small donations yet is out-fundraised by a candidate who’s<br />
dug into a few deep pockets. Indeed, judging by headlines from major<br />
auctions, you’d think the big shifts in value come from the high-dollar<br />
sales. That would clearly point to older collectors as the ones in charge.<br />
Pre-Boomers (1920–1945) and Boomers (1946–1964) still represent the<br />
majority of quotes for vehicles above $1 million.<br />
To determine who’s pushing up values, we need to have background<br />
on the ages of who is buying what and we need consistent valuation data.<br />
Fortunately, <strong>Hagerty</strong> has both. Our price guide, updated thrice annually,<br />
tracks trends in prices. <strong>Hagerty</strong> insurance policy quotes, meanwhile,<br />
include a vehicle and the age of the owner. By correctly aligning these two<br />
data troves, we can answer our question.<br />
Note we said “correctly aligning.” A complication here is that the <strong>Hagerty</strong><br />
Price Guide lags the market. Its values are informed by sales that have<br />
already happened, whereas an insurance quote is typically created when<br />
15
THE WILEY REPORT<br />
an owner is shopping for or has just purchased a vehicle. So, the quotes in<br />
one year roughly align with the price guide values for the following year.<br />
[For more on the data we used, see “Behind the Numbers,” page 19.]<br />
GOING OFF-ROAD<br />
Looking at quote concentrations among four population generations and<br />
price guide changes shows that Gen Xers are most often associated with<br />
increasing price guide values. When these people represent most of the quotes<br />
for a vehicle in one year, values are likely to increase the next year. Simply<br />
put, Gen X—oft overshadowed by numerically larger Boomer and Millennial<br />
cohorts—is currently in the driver’s seat of the collector car market.<br />
The vehicles Gen Xers are pushing to higher values are what might<br />
show up at a gathering of iconic off-roaders and campers. High on the<br />
list is the 1966–1977 Ford Bronco, followed by the 1981–1986 Jeep CJ-8<br />
Simply put, Generation X—oft overshadowed<br />
by numerically larger Boomer and<br />
Millennial cohorts—is currently in the<br />
driver’s seat of the collector car market.<br />
AVERAGE YOY HAGERTY PRICE GUIDE CHANGE<br />
GEN X FAVORITES -10% 0% 10%<br />
2017<br />
1972-1980 International Scout II<br />
1976-1986 Jeep CJ-7<br />
1950-1967 Volkswagen Type 2 Transporter<br />
1966-1977 Ford Bronco<br />
1981-1986 Jeep CJ-8 Scrambler<br />
20%<br />
30%<br />
2018<br />
1968-1983 Toyota Land Cruiser FJ40<br />
1959-1971 Land Rover Series II/Series IIA<br />
-7%<br />
FJ40 values<br />
corrected in<br />
2018 after years<br />
of growth<br />
1950-1967 Volkswagen Type 2 Transporter<br />
1966-1977 Ford Bronco<br />
-10%<br />
0%<br />
10%<br />
20%<br />
30%<br />
16
THE WILEY REPORT<br />
Scrambler and 1950–1967 Volkswagen Type 2 Transporter. Also among<br />
the top results are the 1976–1986 Jeep CJ-7, 1972–1980 International<br />
Scout II, and 1959–1971 Land Rover Series II/Series IIA. You get the picture.<br />
Note that many of these vehicles are older than the typical Gen Xer.<br />
One of the reasons this generation is more influential than others is that<br />
they’re interested in a wide range of vehicles, not just the select few that<br />
were cool when they were in high school.<br />
In contrast, the cars that Boomers, and especially Pre-Boomers, are<br />
overwhelmingly into tends to drop in value. Their contrarian choices<br />
range from muscle cars like the 1968–1970 American Motors AMX and<br />
the 1967–1970 Shelby GT500, to supercars like the 1978–1981 BMW M1<br />
and 2004–2010 Mercedes-Benz SLR McLaren, to British roadsters like<br />
the 1958–1961 Austin-Healey Sprite and the 1975–1980 MGB.<br />
More and more Millennial car enthusiasts, meanwhile, are calling<br />
for quotes, but their enthusiasms lie primarily with video game import<br />
performance cars such as the 1989–1994 Nissan Skyline GT-R (R32) and<br />
the 1993–1998 Toyota Supra. Older buyers aren’t interested in these cars.<br />
That said, Millennial picks that also appeal to other age groups are, like<br />
the Gen X choices, growing in value.<br />
AVERAGE YOY HAGERTY PRICE GUIDE CHANGE<br />
SELECT MILLENNIAL FAVORITES<br />
-10%<br />
0%<br />
10% 20% 30%<br />
2017<br />
1984-1993 BMW 3-Series (E30)<br />
1990-1994 Volkswagen Corrado<br />
1997-2001 Acura Integra Type R<br />
2004-2007 Subaru Impreza WRX STI<br />
1989-1993 Nissan Skyline GT-R (R32)<br />
1993-1996 Mazda RX-7<br />
2018<br />
1986-1992 Mazda RX-7<br />
1983-1992 Volkswagen Golf Mk II<br />
1997-2001 Acura Integra Type R<br />
2004-2007 Subaru Impreza WRX STI<br />
1993-1998 Toyota Supra<br />
1998-2003 BMW M5 (E39)<br />
17
THE WILEY REPORT<br />
SELECT PRE-BOOMER FAVORITES<br />
2017<br />
1963-1971 Mercedes Benz 230 SL<br />
1948-1953 Cadillac Series 62<br />
2018<br />
1949-1954 Chrysler Windsor<br />
2014-2015 Porsche 918 Spyder<br />
1945-1948 Chevrolet Fleetmaster<br />
1992-2009 Ferrari 456<br />
SELECT BOOMER FAVORITES<br />
2017<br />
1978-1981 BMW M1<br />
1967-1970 Shelby GT500<br />
1958-1961 Austin-Healey Sprite<br />
-9%<br />
Boomers dig<br />
M1s but don’t<br />
pay high prices<br />
for them.<br />
1968-1970 American Motors AMX<br />
2018<br />
1978-1980 MGB<br />
2004-2009 Mercedes-Benz SLR McLaren<br />
-10%<br />
0%<br />
10% 20% 30%<br />
Since quotes are a leading indicator of the market, we can glimpse<br />
what might rise in value in 2020 by looking at what various generations<br />
are quoting today. For the most part, quotes confirm trends we’re already<br />
seeing: Pre-Boomers still represent most of the interest in vehicles like<br />
the 1946–1948 Chevrolet Fleetmaster and 1949–1954 Chrysler Windsor,<br />
but also the 1981–1989 Lincoln Town Car and 1980–1983 Lincoln Continental<br />
Mk VI. Boomers appear to like the 1967–1970 Shelby GT500 best,<br />
along with the 1963–1974 Lotus Elan and 1968–1971 BMW CS coupes.<br />
Gen Xers are still preparing for that fantasy camping trip, quoting CJ-8<br />
Scramblers and the like, and Millennials continue to pine for those Japanese<br />
sports cars—Skylines, WRX STIs, Integra Type Rs, and Supras.<br />
Will those favorites among Gen Xers and Millennials be the vehicles<br />
that increase a lot in the 2020 <strong>Hagerty</strong> Price Guides? It is impossible to<br />
know for certain, but it looks more and more like younger generations are<br />
driving the collector car market.<br />
18
THE WILEY REPORT<br />
2019 FAVORITES BY SHARE OF QUOTES<br />
38%<br />
40%<br />
42%<br />
44%<br />
46% 48%<br />
PRE-BOOMER<br />
1981-1989 Lincoln Town Car<br />
1980-1983 Lincoln Continental Mk VI<br />
1946-1948 Chevrolet Fleetmaster<br />
1949-1954 Chrysler Windsor<br />
1961-1963 Buick Skylark<br />
1961-1964 Pontiac Catalina<br />
1960-1964 Chrysler New Yorker<br />
1992-2003 Ferrari 456<br />
2014-2015 Porsche 918 Spyder<br />
1958-1960 Ford Thunderbird<br />
1953-1954 Chevrolet 150<br />
1999-2002 Mercedes-Benz E55 AMG W210<br />
1946-1947 Cadillac Series 62<br />
1958-1966 Pontiac Star Chief<br />
1970-1978 Triumph Stag<br />
1957-1958 Cadillac Fleetwood Series 75<br />
1962-1963 Mercury Meteor<br />
1977-1980 Rolls-Royce Silver Wraith II<br />
1948-1950 Packard Eight<br />
1985-1997 Bentley Turbo R<br />
+47%<br />
Yes, cushy<br />
Lincolns still<br />
appeal to older<br />
buyers.<br />
BOOMER<br />
1967-1970 Shelby GT500<br />
1963-1974 Lotus Elan<br />
1968-1971 BMW 2800CS 1972-1975 3.0CS<br />
1968-1970 Plymouth GTX<br />
1967-1970 Cadillac Eldorado<br />
1968-1970 Plymouth Road Runner<br />
1968-1972 Chevrolet El Camino<br />
1965-1970 Plymouth Satellite<br />
1969-1972 Pontiac Grand Prix<br />
2004-2010 Mercedes-Benz SLR McLaren<br />
1962-1964 Dodge Polara<br />
1964-1967 Plymouth Belvedere<br />
1964-1967 Chevrolet El Camino<br />
1962-1980 Triumph Spitfire<br />
1968-1970 American Motors AMX<br />
1975-1981 Triumph TR7<br />
1971-1976 Cadillac Fleetwood 75<br />
1985-1988 Cadillac DeVille<br />
1964-1967 Pontiac GTO<br />
1968-1973 Chevrolet Corvette<br />
+46%<br />
Boomers still<br />
want the muscle<br />
cars of their<br />
youth.<br />
38%<br />
40%<br />
42%<br />
44%<br />
46% 48%<br />
19
THE WILEY REPORT<br />
2019 FAVORITES BY SHARE OF QUOTES<br />
GEN X<br />
30%<br />
40% 50%<br />
60% 70% 80% 90%<br />
1981-1986 Jeep CJ-8 Scrambler<br />
1950-1967 Volkswagen Type 2 Transporter<br />
1988 BMW M5 (E28)<br />
1978-1987 Buick Regal<br />
1968-1983 Toyota Land Cruiser FJ40<br />
1959-1960 Chevrolet Bel Air<br />
1966-1977 Ford Bronco<br />
1959-1971 Land Rover Series II/Series IIA<br />
1968-1970 Dodge Coronet<br />
1999-2005 Ferrari 360<br />
1963-1983 Jeep Wagoneer<br />
1976-1986 Jeep CJ-7<br />
1970-1978 AMC Gremlin<br />
1973-1976 Chevrolet Caprice Classic<br />
1994-1999 Ferrari F355<br />
1987-1993 Ford Mustang<br />
1989-1995 Ferrari 348<br />
1965-1970 Oldsmobile 88<br />
1973-1991 Chevrolet Suburban<br />
1991-1992 GMC Syclone<br />
+45%<br />
of quotes issued<br />
for the Scrambler<br />
are to<br />
Gen Xers.<br />
MILLENNIAL<br />
1989-1993 Nissan Skyline GT-R (R32)<br />
2004-2007 Subaru Impreza WRX STI<br />
1997-2001 Acura Integra Type R<br />
1989-1991 BMW Z1<br />
1993-1998 Toyota Supra<br />
1983-1992 Volkswagen Golf Mk II<br />
1977-1978 Buick Riviera<br />
1998-2003 BMW M5 (E39)<br />
1986-1992 Mazda RX-7<br />
1993-1996 Mazda RX-7<br />
1991-1993 BMW M5 (E34)<br />
1972-1984 BMW 5-Series<br />
1972-1987 Alfa Romeo Alfetta<br />
2000-2006 BMW M3<br />
1972-1980 Mercedes-Benz W116<br />
1965-1968 Ford Custom<br />
1975-1980 Volvo 244<br />
1988-1996 Lancia Delta HF Integrale<br />
1981-1993 Dodge Ramcharger<br />
1984-1993 BMW 3-Series (E30)<br />
+90%<br />
Millennials love<br />
Skyline GT-Rs.<br />
So far, no one<br />
else does.<br />
30%<br />
40% 50%<br />
60% 70% 80% 90%<br />
20
THE WILEY REPORT<br />
BEHIND THE NUMBERS<br />
By digging into the <strong>Hagerty</strong> Insurance policy quote data, we can find<br />
out who is driving the increases and decreases in values in the collector<br />
car market. <strong>Hagerty</strong> policy quote data includes the relevant information<br />
needed to insure that vehicle, so a quote has the vehicle, the age of the<br />
owner, and the value the owner ascribes to it. The age of the owner and<br />
the vehicle on the quote are, for our purposes, the most useful pieces of<br />
information.<br />
While it is tempting to use the owner’s idea of the value of the vehicle,<br />
the condition, history, and exact specification are often unknown, so the<br />
quote values are noisy data. For this reason, we aligned the quotes with<br />
<strong>Hagerty</strong> Price Guide data.<br />
Quotes are often created when an owner is shopping for a vehicle or<br />
has just purchased it. They are a leading indicator of the collector car market.<br />
The price guide values utilize these sales, which have occurred over a<br />
period of time, to inform new value levels. Consequently, the price guide<br />
(in its present form) lags the market. Therefore, we compared quotes in<br />
one year with the Price Guide values of the following year. A quote for a<br />
1967 Chevrolet Corvette made in 2017, for instance, is matched to how<br />
price guide values for a 1967 Chevrolet Corvette changed in 2018.<br />
Another step in the process is to aggregate the data by generations.<br />
We do this both for the vehicles and the buyers. So, those quotes and value<br />
changes for the 1967 Corvette are aggregated in the 1963–1967 Chevrolet<br />
Corvette vehicle generation. And rather than compare how many 52-yearolds<br />
and 35-year-olds are quoting a 1963–1967 Chevrolet Corvette, it is<br />
more reliable to group these owners into Pre-Boomers, Boomers, Gen<br />
X, and Millennials. That way each owner group stays the same for each<br />
calendar year. (Since we’re always getting older, the particular collectors<br />
in any age bracket, such as 35- to 45-year-olds, change from year to year.)<br />
Finally, the concentrations of each population generation’s quotes for<br />
a particular vehicle generation in one year were compared to the average<br />
price guide condition #3 value change for that same vehicle generation for<br />
the following year. If one generation represented the majority of quotes<br />
for a vehicle generation in, say, 2017, and the average #3 price guide value<br />
for that same vehicle generation went up or down in 2018, that generation<br />
appears to have moved the market for those vehicles in 2018. If that has<br />
happened consistently for a couple of years and across vehicle generations,<br />
we can find out who is driving the collector car market.<br />
21
SHOP TALK<br />
LET IT BE<br />
Deciding when to restore your classic—and<br />
knowing when you shouldn’t.<br />
BY COLIN COMER<br />
23
SHOP TALK<br />
I<br />
restored my first car when I was 13 years old, and I did<br />
everything wrong. Not the actual work, mind you, but<br />
the very first step. The one where I decided to restore<br />
the car. In the decades since, I’ve talked more people<br />
out of restoring cars than into restoring cars. That’s a<br />
pretty surprising statement from a guy who owns a restoration<br />
shop, but allow me to explain.<br />
The main consideration people tend to gloss over is financial. Restoration<br />
shop rates hover around $125 per hour, and the average billable<br />
labor time to restore a reasonably solid and not overly complex car is 1000<br />
hours. That math may be just fine on a Ferrari 275GTB/4 worth $2.5 million,<br />
but it sure doesn’t map out well for your $10,000 Datsun 280ZX.<br />
Another trap is the belief that you can “partially” restore a car. The cost<br />
The tide is turning in the collector car world.<br />
Originality and preservation are<br />
becoming far more important than<br />
perfect paint and new leather.<br />
PHOTOGRAPHY BY AMY SHORE<br />
of even limited work is rarely returned come sale time unless it has corrected<br />
major sins, such as an incorrect color change or significant rust or<br />
damage. And it is often a very slippery slope that ends with runaway costs.<br />
For example: A car with paint, chrome, and trim that all show consistent<br />
age can’t just be repainted without making the chrome and trim stick out<br />
like a sore thumb.<br />
Also consider that some of what you might be “fixing” is a part of the<br />
car’s history and character. The tide is turning in the collector car world.<br />
Originality and preservation are becoming far more important than perfect<br />
paint and new leather, and the market is reflecting these changing<br />
preferences. We’ve seen it time and time again with Mercedes-Benz<br />
24
SHOP TALK<br />
Even when restored cars get more,<br />
it’s often not that much more.<br />
300SL Gullwings. These are hugely complex and costly cars to restore,<br />
yet ratty “barn finds” often sell for as much, or even more, than flawlessly<br />
restored examples.<br />
Even when restored cars get more, it’s often not that much more. A<br />
woman recently contacted me whose husband had passed away while his<br />
vintage Shelby Mustang was being restored. They’d owned the car since<br />
new, and while it was in nice original condition, it had been in storage<br />
for years, so the husband decided to send it to a shop. The goal was to get<br />
it cleaned up and running, then sell it. But as the wife discovered sifting<br />
through her late husband’s bills, he had gone down the dangerous path of<br />
“If we do this, we should also do that….” The car was more than five years<br />
and $130,000 into a concours restoration.<br />
I visited the shop on her behalf to get a handle on what stage the restoration<br />
was in and to plan what to do next. The work was about 90 percent<br />
complete and had been done to a very high standard—the car looked<br />
great. I reviewed the invoices line by line and found the charges more<br />
than reasonable. The only thing the shop may have done wrong, I told the<br />
25
SHOP TALK<br />
widow, was not telling her husband plainly how little their work would<br />
add to the car’s market value. A running, driving, one-owner Shelby with<br />
tired cosmetics and some visible issues would have been worth somewhere<br />
around $100,000. Spruced up a bit, maybe it would have been<br />
worth another $25,000—about what that sprucing may have cost. But<br />
after a concours restoration that will ultimately cost about $150,000? I<br />
suspect the car will be worth $175,000. Which is to say the widow can<br />
expect a dollar back for every two spent on the restoration. (Of course,<br />
I’d be remiss if I didn’t point out that such a car is an excellent buy. A car<br />
that’s just been restored typically represents a 50-percent-off sale, with<br />
none of the headaches. Just be sure to verify that the work was done correctly,<br />
by a reputable shop.)<br />
26
SHOP TALK<br />
There are exceptions to this rule. Find a significant car languishing in a<br />
barn, restore it regardless of cost, and win a meaningful award such as best<br />
in show at Pebble Beach, and the value equation can change greatly. Many<br />
collectors have tried this and missed, though; only a few, truly special cars<br />
win these coveted awards.<br />
On a smaller scale, let’s say you find a long-lost 1965 Shelby GT350 and<br />
get a great deal on it. Due to the high value of stellar 1965 GT350s, and the<br />
reasonably inexpensive cost, comparatively, to restore a Mustang to concours<br />
condition, you could haul it around to important judged Shelby and<br />
Mustang national shows, collect a trunk full of “validation” trophies, and<br />
come out ahead in the end. Plus have a little fun along the way.<br />
But don’t let this example lead you astray. Many people think “hot”<br />
vehicles like 1966–77 Ford Broncos offer an opportunity to restore for fun<br />
and profit. They do not. Even though they’re simple and parts are cheap,<br />
you’re still on the hook for those $125-an-hour shop rates. You just can’t<br />
You have a car you love and want to restore it<br />
to enjoy it more. That’s commendable,<br />
but let me assure you it often isn’t that simple.<br />
make that rusty Bronco into a $150,000 truck for less than $150,000.<br />
Perhaps you’ve read this far and decided you simply don’t care about<br />
the cost. You have a car you love and want to restore it to enjoy it more.<br />
That’s commendable, but let me assure you it often isn’t that simple. To<br />
start, you’ll lose the use of the car during the restoration, which could be<br />
months but is typically years. When the car is finished, you’ll most likely<br />
not use it, for fear of damaging its expensive, flawless restoration. And<br />
if you do use it, you’ll do so knowing every mile is chipping away at this<br />
dearly purchased perfection.<br />
I’m not saying you’re wrong to spend far more on a car’s restoration<br />
than the car is worth because you’re going to “keep it forever.” Trouble is,<br />
I’ve rarely seen that actually be the case after the dust settles. Either the<br />
completed car just isn’t as enjoyable as the owner hoped, or they are afraid<br />
of damaging it, or the restoration process itself was such a scarring experience<br />
that seeing the car makes the owner relive the horror.<br />
Please don’t get me wrong: I love restoring cars. I want to make them<br />
27
SHOP TALK<br />
perfect, and lots of intelligent people dive head-first into restorations<br />
knowing they will easily exceed the value of their cars. As long as the<br />
reasons for doing so make sense to the person writing the checks, the<br />
rewards, albeit not financial, are often far more compelling and worthwhile.<br />
Especially when one chooses the right restorer and the finished<br />
product meets all expectations and is enjoyable to use. After all, nothing<br />
can transport us back in time like that old high school car, or piling your<br />
family into the same station wagon your parents drove you around in.<br />
Yet, no matter the reason, restorations should not be entered into<br />
lightly. Carefully consider what you hope to gain. Physically review your<br />
car with a professional familiar with the exact make and model, and make<br />
sure to discuss what you want in the end.<br />
The solution I frequently recommend: Make a list of the areas or<br />
defects that detract from your enjoyment and focus on those. The benefits<br />
are many, not the least of which is a huge savings of cash and downtime<br />
for your car. When approached sensibly, much of this work won’t have to<br />
be re-done if you decide later to embark on a total restoration.<br />
Above all, if you love your car and enjoy using it the way it is, don’t<br />
restore it in an attempt to please others or increase its value. Because the<br />
real value lies in the pleasure we all get from using our cars, and I find a<br />
lot more joy in adding stone chips than fearing them.<br />
28
ULTIMATE PORSCHES<br />
MESSING WITH<br />
PERFECTION<br />
What are the long-term<br />
prospects of modified 911s?<br />
BY ROB SASS<br />
29
ULTIMATE PORSCHES<br />
F<br />
or the first thirty years or so of Porsche’s existence,<br />
the prevailing attitude toward modifying<br />
Porsche sports cars was a militant “don’t.” Altering<br />
what God and Ferdinand Porsche (often<br />
viewed as one and the same) wrought was seen<br />
as heresy, blasphemy, and apostasy all rolled<br />
into one ticket to eternal damnation. Aside from the occasional California<br />
custom build or European-coachbuilt 356, that rule was seldom broken.<br />
Until, that is, someone broke it. In the mid-1970s, German designer<br />
Rainer Buchmann and his company b+b Auto Exclusiv Service turned out<br />
flamboyant 911 and 928 builds. They were mainly cosmetic—think wild<br />
graphics, bright blue suede interiors, and expensive stereos. They look as<br />
The classic 911, once immutable perfection,<br />
has become a canvas.<br />
But are these cars sound investments?<br />
The answer, naturally, is complicated.<br />
PREVIOUS PAGE: EVAN KLEIN<br />
tasteful to today’s eyes as one of Elvis’s leisure suits, but they cracked the<br />
floodgates for modified Porsches. The 1980s brought well-regarded work<br />
by engineering-minded shops, which proved that the original could in<br />
fact be improved upon or, at least, made a helluva lot faster. In 1987, Road<br />
& Track took a 911 modified by Alois Ruf, the 469-hp CTR “Yellowbird,”<br />
to 211 mph, smoking a brace of other supercars including a Lamborghini<br />
Countach, a Ferrari 288GTO, and Porsche’s own 959.<br />
Today, people will pay upward of $500,000 for top Porsche customizations<br />
from the likes of Singer Vehicle Design, Gunther Werks, and the<br />
inveterate Ruf, and there’s a gamut of other modifications and styles, from<br />
Outlaws to R Gruppe. The classic 911, once immutable perfection, has<br />
become a canvas. But are these cars sound investments?<br />
30
ULTIMATE PORSCHES<br />
Singer Vehicle Design has emerged as the premier shop for modifying 964-chassis<br />
air-cooled Porsches with upgraded mechanicals and meticulous finishes.<br />
DREW PHILLIPS, COURTESY SINGER VEHICLE DESIGN<br />
For the sake of simplicity, you can divide the world of modified vintage<br />
Porsches into two categories—cars that are essentially nostalgia plays that<br />
appeal to someone with a sense of irony and a burning desire to attract a<br />
lot of attention at Radwood, and the legit cars. Non-factory 930-generation<br />
slant-nose cars and cars built by the likes of the aforementioned b+b, Gemballa,<br />
and Strosek fall into the nostalgia category. The “legit” cars with real<br />
performance cred from Ruf, Kremer, and Koenig were thoroughly vetted,<br />
well engineered, and, in some cases, had at least tacit support from Porsche.<br />
For now, the market isn’t differentiating between these categories as<br />
much as you’d think. Call it the Radwood Effect—or, more broadly, the<br />
influence of Gen X and Millennial buyers—but at the moment, nostalgia for<br />
the ’80s is hot. As objectively silly as a white-with-white-leather Gemballa<br />
Avalanche is, what better way to personify the era than a car that looks like<br />
it was designed by a sentient bag of cocaine? Ditto most of Strosek’s bizarre<br />
911 builds, whose vestigial headlights mimic the eyes of a blind cave fish.<br />
Once nostalgia dies down, as it inevitably will, there won’t be much<br />
love among collectors for Gemballas, Stroseks, and other builds from<br />
31
ULTIMATE PORSCHES<br />
The enduring legend of the Yellowbird<br />
means anything that comes out of<br />
Ruf ’s small shop in Pfaffenhausen,<br />
Germany, today is likely to be valuable<br />
as long as cars are collected.<br />
RICHARD PARDON<br />
lesser names that traded on outrageous appearance. People who don’t<br />
remember Miami Vice will probably view these cars for what they are—<br />
taste-challenged oddities.<br />
Those Porsches in the legit category, however, will probably remain<br />
strong for the foreseeable future. That applies, first and foremost, to Rufs.<br />
“Ruf is sort of the granddaddy of Porsche tuners,” notes Nathan Merz, a<br />
Seattle-based dealer, collector, and restorer of vintage, mainly air-cooled,<br />
Porsches. “And the fact that he’s still at it just as strong as ever enhances<br />
the reputation of his older cars, which, frankly, weren’t in need of much<br />
reputational enhancement.” The enduring legend of the Yellowbird means<br />
anything that comes out of the tuner’s small shop in Pfaffenhausen, Germany,<br />
is likely to be valuable as long as cars are collected. An original Ruf<br />
CTR can fetch $350,000 to $500,000—or about double the original price<br />
32
ULTIMATE PORSCHES<br />
Collectors are also paying for the quality<br />
of the work itself, something that should<br />
carry over to newer firms, like Singer,<br />
doing impeccable restorations.<br />
of $249,000. But collectors are also paying for the quality of the work<br />
itself, something that should carry over to newer firms doing impeccable<br />
restorations. “Even though they’re much younger, I’d put Porsches modified<br />
by Singer in the same category,” Merz says.<br />
If there are clear predictions of values at the extremes, it’s muddier in the<br />
middle. “We’ll have to wait and see how things go for newcomers like the<br />
Guntherwerks 400R,” says Merz. The jury is also still out on 911s that have<br />
been “backdated” with body panels and lighting that make them appear<br />
older. Right now, the market prefers long-hood (1964–73) 911s over shorthood<br />
cars (1974–89). Merz thinks that will fade, leaving a bunch of later<br />
911s with non-original bodywork. “Porsches restored by Singer will be fine,<br />
because their reputation is so well-established, but the no-name backdated<br />
cars will probably lose value. We might even see some of them converted<br />
back to stock short-hood cars or stock 964-generation cars,” he says.<br />
It wouldn’t be the first time something like that happened. “Cut” Ferrari<br />
365 GTB/4 Daytonas (coupes that have been converted into Spyders)<br />
once sold for a large premium over stock Daytona coupes. Now, they’re<br />
selling at a discount.<br />
Of course, all this ignores another, more important consideration: Do<br />
you want a modified Porsche 911? The 911 has been the basis for modifiers<br />
for more than 45 years because it’s a supremely usable car, meant to<br />
be driven often—daily, if possible. If mechanical modernization or sympathetic<br />
restyling will help you get your Porsche out of the garage and onto<br />
the streets, go for it. The market is going to do what the market is going<br />
to do—none of us has any control over that. What we can control is how<br />
often we get out and enjoy our cars.<br />
Rob Sass is the Editor-in-Chief of Porsche Panorama, the official publication<br />
of The Porsche Club of America.<br />
33
MARKET SPOTLIGHT<br />
KILLER Bs<br />
Group B rally cars pushed the limits<br />
of safety and sanity. You should buy one.<br />
BY ANDREW NEWTON<br />
34
MARKET WATCH<br />
It’s impolite to say so, but the essential allure of racing<br />
is the savagery of it all. Strip away the corporate sponsorships<br />
and technological wizardry, and you have<br />
people hurtling around in boxes filled with fuel, while<br />
other people watch. This has always been true, but it<br />
was never more evident than in the Group B era of the<br />
World Rally Championship, from 1982 to 1986, when some of the quickest<br />
and most sophisticated cars on the planet hurtled through twisty, narrow<br />
stages bordered not by guardrails or tire walls but human beings.<br />
The lawlessness of Group B was by design. To lure in large automakers,<br />
the Fédération Internationale de l’Automobile (FIA) left rules intentionally<br />
vague and open to interpretation. Cars needed a fixed roof, two seats<br />
Some of the most sophisticated and quickest<br />
cars on the planet hurtled through twisty,<br />
narrow stages bordered not by guardrails<br />
or tire walls, but human beings.<br />
PREVIOUS: LAT PHOTOGRAPHIC<br />
side by side, and a minimum weight determined by engine displacement,<br />
with forced induction displacement calculated at a multiplier of 1.4x.<br />
Finally, carmakers had to build 200 examples in a 12-month period to<br />
homologate the car—half as many as had been required in the Group 4<br />
class that came before.<br />
The FIA’s gambit worked. Factory-backed teams dumped Formula 1<br />
money and technical expertise into hot rodding compact cars. The fiveyear<br />
run saw horsepower double, along with advancements in everything<br />
from drivetrain technology and aerodynamics to the way teams are<br />
managed. Group B cars were so fast and their rides so jarring that some<br />
drivers suffered from tunnel vision and needed spinal decompression<br />
between stages.<br />
35
MARKET WATCH<br />
The cars came to be known as Killer Bs,<br />
which wasn’t cute wordplay. People died.<br />
LAT PHOTOGRAPHIC<br />
The cars’ unbelievable performance drew huge crowds, and rally organizers<br />
did little to protect them. Nothing stopped spectators stepping out<br />
into the road in the middle of a run; some fans even tried to touch speeding<br />
rally cars as they raced, or literally flew, by. The Peugeot and Lancia<br />
teams reportedly found hair and blood—even severed fingers—in the cars’<br />
ducts between stages (although no fans are known to have tried to reclaim<br />
lost digits).<br />
The cars came to be known as Killer Bs, which wasn’t cute wordplay.<br />
People died. Attilio Bettega’s Lancia took his life at the 1985 Tour de Corse<br />
(Corsica). At Portugal in 1986, Joaquim Santos crashed his Ford into a<br />
crowd of people, killing several. The death of star driver Henri Toivonen<br />
and his co-driver in another Lancia at Corsica in 1986 was the last straw.<br />
For 1987, the sport’s governing body ended Group B and reverted toplevel<br />
rallying to the much more pedestrian Group A.<br />
36
ULTIMATE PORSCHES<br />
Given their rarity, their performance (ludicrous, even by modern standards),<br />
and their connection to one of motorsports’ most exciting chapters,<br />
you’d think Group B cars would be highly coveted. Yet they were hard<br />
to sell when new and remained sleepy in the market for years. Blame,<br />
Some of the younger generation are now<br />
at a point where they can afford to buy a<br />
car they watched as a youngster on a World<br />
Rally stage being driven by their hero.<br />
COURTESY AUDI MOTORSPORT<br />
perhaps, the fact that most look like 1980s compact cars.<br />
These days, however, boxy sports cars from the 1980s are gaining traction<br />
in the collector car market, and they don’t get much sportier (or boxier)<br />
than Group B rally cars. They’re bringing prices well into six figures<br />
now—more than a million dollars in one instance.<br />
“Some of the younger generation are now at a point where they can<br />
afford to buy a car they watched as a youngster on a World Rally stage<br />
being driven by their hero,” says Max Girardo, whose dealership Girardo<br />
& Co. regularly buys and sells Group B rally and road cars.<br />
Collectors are even learning to appreciate the practicality that comes<br />
from most of the cars being based, albeit loosely, on modern econoboxes.<br />
“These cars are usable and enjoyable, with many having played an<br />
important role in motorsport history,” Girardo adds.<br />
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They’re eligible for concours events and vintage rallies, but thanks to their<br />
road titles, homologated versions can just as easily be driven to the local<br />
Cars and Coffee. “You can’t do that with an F1 car, can you?” says Girardo.<br />
Once confined mostly to European auctions, Group B cars are also<br />
showing up in America, where they were never officially sold and where<br />
most people only know Group B from watching the cars slide, skid, and<br />
narrowly miss spectators on YouTube.<br />
Because Group B regulations were so loose, there are a variety of cars to<br />
buy, from the Ford RS200, with its legendary (and laggy) turbo Cosworth<br />
engine, to the Austin Metro 6R4, which utilized a larger displacement,<br />
naturally aspirated mill. Three cars in particular, though, best represent<br />
what Group B was all about, and each offers a different price point in<br />
Group B collecting. These are the Audi Sport Quattro, the Peugeot 205<br />
T16, and the Lancia Delta S4.<br />
Audi Sport Quattro<br />
Massive turbo chirping and whooshing, flames spewing out of the exhaust<br />
pipe, and a shovel-sized air intake: The Sport Quattro is the poster child<br />
of the Group B era.<br />
The Sport Quattro should not be confused with Audi’s Ur- (“Original”)<br />
Quattro. That car revolutionized rallying with four-wheel drive, yet actually<br />
predates the Group B class. The Ur-Quattro did participate in the<br />
early days of the series and was highly competitive, thanks to the massive<br />
power from its 2.1-liter five-cylinder turbo, consistent improvements<br />
in four-wheel drive, and the sheer talent of drivers like Hannu Mikkola,<br />
TIM SCOTT, COURTESY OF RM SOTHEBY’S<br />
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MARKET WATCH<br />
DIRK DE JAGER, COURTESY OF RM SOTHEBY’S<br />
Stig Blomqvist, and Michèle Mouton—1982 runner up and closest we’ve<br />
ever come to a female world motorsports champion. Yet the Quattro,<br />
being based on a production car, soon proved too tame for anything-goes<br />
rally racing. In particular, its engine sat too far forward in the chassis,<br />
compromising handling. Lancia snatched the Manufacturers’ Championship<br />
with its supercharged rear-wheel-drive 037 in 1983.<br />
Audi’s answer was the Sport Quattro. It was more than a foot shorter<br />
than the Ur-Quattro and featured carbon-Kevlar body panels, wider<br />
wheels, and brakes derived from the Porsche 917 prototype race car. It<br />
wrested the Manufacturers’ Championship and Drivers’ (for Blomqvist)<br />
Championships back from Lancia in 1984.<br />
Audi built a total of 214 Sport Quattros for Group B homologation, and<br />
a little more than 160 of those were sold to European customers for an<br />
eye-popping 200,000 Deutsche Marks (the equivalent of over $70,000<br />
at the time), making them more expensive than a Porsche 930 and even<br />
some Ferraris.<br />
Then again, the Audi was quicker.<br />
In road trim, the Sport Quattro put out a reported 302 hp and 258<br />
lb-ft of torque, came with fully adjustable all-wheel drive and anti-lock<br />
brakes from the rally version, and could scoot to 60 mph in less than five<br />
seconds. And though it wasn’t quite plush—Audi’s sumptuous interior<br />
designs would come later—it was certainly nicer than most race cars.<br />
“The build quality is the best out of all the Group B road cars, and it is<br />
the most compliant on the road, so it is the most usable,” says Girardo.<br />
Once they hit the second-hand market, Sport Quattros didn’t come<br />
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MARKET WATCH<br />
up for sale much, until recent years. The results, while not exactly cheap,<br />
were still quite modest compared to today. An ex-works rally car sold for<br />
$168,000 at a UK auction in 2003, then one sold for €103,500 (about<br />
$160,000 at the time) in Monaco in 2008. Even Stig Blomqvist’s 1982<br />
Quattro Rally car sold for just £58,700 (about $105,000 at the time) in<br />
London in 2004. And as recently as 2013, a 39,000-km Sport Quattro<br />
sold for £115,740 (about $183,000 at the time).<br />
Then, RM Sotheby’s sold a two-owner 8300-km Sport Quattro in January<br />
2015 for $401,500. That sale set a new benchmark, and Sport Quattros<br />
have since come to market more often and brought a lot more money.<br />
One sold a couple of months later in March for £287,100 ($430,000).<br />
Another, rated in #2+ condition, brought £403,200 ($530,000) in 2016,<br />
and yet another, rated in #2- condition, sold for $484,000 at Quail Lodge<br />
in 2017. The most recent result for a Sport Quattro was a car rated in #2-<br />
condition that sold for $434,000 at Amelia Island this year. The Sport<br />
Quattro is the only Group B car currently in the <strong>Hagerty</strong> Price Guide, and<br />
since the beginning of 2015, #2 values are up 118 percent, to $440,000.<br />
Peugeot 205 T16<br />
The Audis, Lancias, and Fords were arguably the most exciting Group B<br />
cars to look at and watch, but there is no arguing that the Peugeot 205 T16<br />
was the most successful. When it debuted mid-1984, it was clear that the<br />
Peugeot was a cut above despite being down on power. See, Peugeot took<br />
full advantage of Group B’s regulations (or lack thereof). The 205 T16 was<br />
a hot hatch on steroids, with a turbo engine mounted where the rear seats<br />
COURTESY BONHAMS<br />
40
MARKET WATCH<br />
REMI DARGEGEN, COURTESY OF RM SOTHEBY’S<br />
should be, and all-wheel drive. Smaller and nimbler than the Audi, it quickly<br />
became the car to beat and took the last two Group B titles in 1985 and ’86.<br />
Since the 200 road cars for homologation were mostly an afterthought,<br />
Peugeot made things easy for itself, building all 200 to the same specs<br />
and in the same colors. They were still priced in league with larger, prettier,<br />
sports cars from the likes of Porsche and Ferrari, which made the<br />
little super-hatch a hard sell. Regardless of its pedigree and performance,<br />
on paper (197 horsepower from a 1775-cc turbo four) the road car wasn’t<br />
impressive for the price. The fact that it looked a lot like a front-drive 205<br />
GTi didn’t help, either, even though the T16 was an entirely different car<br />
aside from the windscreen, doors, and headlamps. Back in 1994, Christie’s<br />
reportedly sold one for just £22,000 (about $32,300 at the time).<br />
As is the case for all the Group B machines, 205 T16s rarely come up<br />
for sale. A 205 T16 sold at Quail Lodge in 2017 (rated #3+ condition) for<br />
$198,000, a former rally car sold for €172,840 ($184,000) at Rétromobile<br />
in 2017, a 200-km road car sold for €184,760 ($214,700) at Sur Le Champs<br />
in 2017, and one sold at Rétromobile last year for €154,960 ($189,800).<br />
Another one, in #3+ condition, sold for $198,000 at Quail Lodge three<br />
years ago, then sold again for $156,800 at Amelia Island last year.<br />
In the 1980s, GM purchased two 205 T16 road cars to research Peugeot’s<br />
four-wheel-drive system, extensively evaluating and modifying one, and<br />
preserving the other for reference. Both sold at Scottsdale last year, with<br />
the research car selling for $146,300 and the other selling for $187,000.<br />
A going rate shy of $200,000 makes the Peugeot more affordable than<br />
the equivalent Audi and Lancia. That’s probably because the road-going<br />
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MARKET WATCH<br />
version of the Peugeot is down on performance compared to the others<br />
and isn’t as exciting to look at. Yet considering it was the most successful<br />
of the three on the sand, snow, and gravel of the World Rally Championship,<br />
it seems like the best value.<br />
COURTESY LANCIA<br />
Lancia Delta S4<br />
Of all the outrageous, fire-spitting cars to come out of the Group B era, the<br />
Lancia Delta S4 is perhaps the most extreme and the most clever, even if it<br />
never took home a championship.<br />
Even after claiming the 1983 title with the rear-drive 037, Lancia had<br />
to admit four-wheel drive was the way of the future. Like Peugeot, Lancia<br />
designed a race car around Group B regulations for maximum potency on<br />
the world’s rally stages. The resulting car may have been called a Delta, but<br />
it had almost nothing in common with Lancia’s small family hatchback.<br />
Underneath detachable, two-piece composite bodywork was a tubular<br />
spaceframe chassis with double wishbone suspension at both ends. Its<br />
state-of-the-art four-wheel-drive system sent most of its torque rearward.<br />
To combat the lag endemic to many 1980s turbos, Lancia got even more<br />
clever and fitted both a Volumex supercharger and a KKK turbocharger<br />
to the S4’s mid-mounted, oversquare Abarth-developed 1.8-liter four. The<br />
idea was to widen the power curve, with the supercharger giving boost at<br />
lower rpms for blasting out of slow corners, and the turbocharger providing<br />
maximum power at higher rpms. The car was a winner right out of<br />
the box, scoring a 1-2 finish at the 1985 RAC Rally, its debut event. About<br />
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MARKET WATCH<br />
500 hp was the norm in the rally cars, and cranking up the boost provided<br />
even more. Legend has it that during testing for the Rallye de Portugal, an<br />
S4 lapped the Estoril Formula 1 circuit fast enough to qualify in the top 10<br />
for that year’s Grand Prix.<br />
The Delta S4 is also the car that effectively killed the series. Henri Toivonen,<br />
a gifted 29-year-old Finn whom many commentators regarded as<br />
the only driver capable of taming the S4, was leading the 1986 Tour de<br />
Legend has it that during testing for the<br />
Rallye de Portugal, an S4 lapped the Estoril<br />
Formula 1 circuit fast enough to qualify in<br />
the top 10 for that year’s Grand Prix.<br />
COURTESY BONHAMS<br />
Corse rally by a large margin before going off and plunging into a ravine<br />
on the event’s 19th stage. The fuel tank, unprotected by a skid plate and<br />
placed right under the seats, burst into flames, killing both Toivonen and<br />
his co-driver Sergio Cresto. It was the Lancia team’s second fatality in<br />
Corsica in as many years. Within hours, the car’s remains practically still<br />
smoldering, Group B was effectively banned for the 1987 season. Ford and<br />
Audi withdrew from the class immediately, and the following year many<br />
Group B machines were relegated to rallycross racing.<br />
Like many Group B road cars, the Delta S4 was hard to offload when<br />
it was new. The bonkers twin-charged powertrain, with 250 hp in road<br />
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MARKET WATCH<br />
COURTESY BONHAMS<br />
trim, was not enough to offset its 100 million lire (roughly $55,000)<br />
price tag and goofy looks. Delta S4 Stradales supposedly remained<br />
unsold at dealerships well into the 1990s, which is even more damning<br />
than it sounds given that Lancia likely didn’t even build the required 200<br />
examples to qualify the S4 for Group B. Number fudging for homologation<br />
is not at all unheard of in racing, especially among the Italians, and<br />
Lancia may have built as few as 70 S4s. As little as 15 years ago, these<br />
machines drew minimal interest: Christie’s sold one for the princely sum<br />
of £34,075 (about $65,600).<br />
How times have changed. As the most extreme and most infamous<br />
of the Group B cars, as well as one of the rarest, the Delta S4 is also the<br />
most expensive in today’s market. A 2200-km, like-new Stradale (street<br />
version) recently sold for €1,040,000 ($1,166,000) at the RM Sotheby’s<br />
Essen sale, well over its €500,000 estimate. That makes it the most<br />
expensive Group B car ever sold, surpassing the €770,000 ($863,400) for<br />
a 3500-km Lancia 037 Stradale that had sold one lot before. Previously,<br />
the record price for a Delta S4 Stradale was €492,800 ($554,000) at Villa<br />
Erba two years ago. Otherwise, the going rate for an S4 in recent years has<br />
been a bit ahead of the Audi Sport Quattro, in the mid-$400,000 range;<br />
one sold at Pebble Beach in 2016 for $440,000 (rated #2 condition), one<br />
at Quail Lodge in 2017 for $440,000 (rated #3 condition), and another at<br />
Quail Lodge in 2018 for $423,000 (rated #2 condition). The Essen result<br />
looks like something of an outlier, then, but for now the Lancia Delta S4<br />
is the only million-dollar Group B car.<br />
44
ON THE BLOCK<br />
MOVING METAL<br />
IN MONTEREY<br />
More than $300 million typically changes hands as<br />
collector cars cross the auction block during Monterey Car Week.<br />
Here are some of the heavy hitters to watch this year.<br />
45
ON THE BLOCK<br />
ANDREW TRAHAN<br />
1939 Porsche Type 64<br />
ESTIMATE $20,000,000 | RM SOTHEBY’S | MONTEREY<br />
I<br />
s<br />
a frail, 50-hp prewar German car that never raced in period worth $20<br />
million? Yeah, probably. Ostensibly based on the Volkswagen Type 60<br />
KdF-wagen, which became known postwar as the Beetle, the Type<br />
64 was actually an exquisite, Porsche-designed bespoke racing car<br />
(the Nazis never minded twisting the truth for propaganda). The streamlined,<br />
envelope aluminum body was designed by Erwin Komenda (who styled the<br />
production Porsche 356 a decade later) and built by Karosserie Reutter. It was<br />
to compete in the Berlin-to-Rome race, scheduled for June of 1940, which ultimately<br />
was called off on account of the Nazi invasion of France.<br />
Historians believe that three Type 64s were built. One, likely partially completed,<br />
was destroyed during the war. The second was abused as a U.S. Army motor<br />
pool hack and subsequently scrapped. The sole surviving Type 64 became the<br />
property of Austrian racer Otto Mathé, who held on to it until 1995. That is the<br />
car RM Sotheby’s is selling in Monterey. (The Type 64 that has been displayed in<br />
places like the Porsche Museum and Rennsport Reunion VI is a replica.)<br />
The $20 million presale estimate easily eclipses the existing Porsche auction<br />
record of $14.5 million for a 917K. It’s a lot of money, to be sure, but we’re<br />
talking about the literal ground zero for one of the most storied marques in<br />
automobiledom.<br />
Johan Dillen, who actually drove the Type 64 for an upcoming story in Porsche<br />
Panorama, said this about the car: “It’s painfully noisy, and it lacks power, but it<br />
does instinctively what all Porsches want to do—chase for speed.” —ROB SASS<br />
46
ON THE BLOCK<br />
47
ON THE BLOCK<br />
1954 Ferrari 250 Monza<br />
ESTIMATE $10,000,000 | MECUM | THE DAYTIME AUCTION<br />
COURTESY MECUM<br />
Originally fitted with Pinin Farina Spider bodywork in 1954, Chassis 0432M first<br />
raced in Europe, including at Monza and the Mille Miglia. It then received a rebody<br />
with a “pontoon” fender nose by Scaglietti and sold to Luigi Chinetti in the<br />
U.S. This foreshadowed the famous 250 Testa Rossa and makes Chassis 0432M<br />
possibly the very first pontoon-bodied Ferrari. RM sold the car in Monterey 20<br />
years ago for $2.97 million.<br />
48
ON THE BLOCK<br />
1962 Ferrari 250 California<br />
SWB Spider by Scaglietti<br />
ESTIMATE $11,000,000 | RM SOTHEBY’S | MONTEREY<br />
The second-to-last California Spider and reportedly the only SWB (short wheelbase)<br />
example in unrestored condition, this boasts just four owners in the last 50<br />
years. While SWB Cal Spiders are more desirable than the earlier LWB cars, this<br />
is also an open-headlight car. The more attractive closed-headlight version can<br />
carry a roughly $3 million premium, but any good documented example is an<br />
eight-figure car, and this one’s level of preservation makes it a standout.<br />
COURTESY RM SOTHEBY’S, GOODING & COMPANY<br />
1958 Ferrari 250GT<br />
Tour de France Berlinetta<br />
ESTIMATE $9,800,000 | GOODING & COMPANY<br />
THE PEBBLE BEACH AUCTIONS<br />
One of just 78 built and one of 36 with a single louver on the B-pillar (there were<br />
also three-louver and 14-louver versions), Chassis 0903 GT was delivered new<br />
to Sweden. It was restored in the United States in 2012. The TdF scored four<br />
straight victories in the grueling 3600-mile Tour de France (hence the name) as<br />
well as dozens of other races, making it one of Ferrari’s most successful, and<br />
valuable, GT cars.<br />
49
ON THE BLOCK<br />
1958 Ferrari 250 GT SWB<br />
ESTIMATE $9,000,000 | RM SOTHEBY’S | MONTEREY<br />
The 250 GT SWB was one of the last dual-purpose road race/GT cars, the sort<br />
you could drive to the track, win a race in, and then drive home. And you’d look<br />
great doing it. Ferrari built a little over 160 SWBs. Gooding & Company offered<br />
Chassis 3359 GT here three years ago, but it failed to meet reserve at a $9.3<br />
million high bid.<br />
COURTESY RM SOTHEBY’S<br />
1962 Ferrari 196 SP by Fantuzzi<br />
ESTIMATE $9,000,000 | RM SOTHEBY’S | MONTEREY<br />
Originally fitted with a 2.4-liter V-8, Chassis 0806 first raced at Sebring in 1962,<br />
then at the Nürburgring with a different V-8 before being rebuilt to 196 SP<br />
specifications, with a Dino V-6, and raced further in the United States. It sold<br />
at Quail Lodge 20 years ago for $1.285 million. Its sister car, the V-8-powered<br />
268SP (Chassis 0798) appeared here three years ago but hammered not sold at<br />
a $12.5 million high bid.<br />
50
ON THE BLOCK<br />
1975 Ferrari 312T Niki Lauda<br />
ESTIMATE $7,000,000 | GOODING & COMPANY<br />
THE PEBBLE BEACH AUCTIONS<br />
Ferrari won its first F1 World Constructors Championship since 1964 thanks in<br />
large part to this car, not to mention the determination and talents of driver Niki<br />
Lauda, who passed away in May. He drove Chassis 022 to victory in the French<br />
Grand Prix and was on the podium at both the Dutch and German Grands Prix<br />
with it. Of the five championship races in which Lauda piloted 022, he qualified<br />
on pole for all five.<br />
COURTESY RM SOTHEBY’S, GOODING & COMPANY<br />
1955 Ferrari 375 MM Coupe<br />
Speciale by Ghia<br />
ESTIMATE $6,000,000 | RM SOTHEBY’S | MONTEREY<br />
Ferrari built the 375 MM for racing, but a few were commissioned for road use.<br />
One was built for actress Ingrid Bergman with Pinin Farina bodywork, while this<br />
car was ordered with one-off alloy Ghia bodywork by Robert Wilke of Milwaukee.<br />
It appeared at the 1955 Torino motor show and New York auto show in this unusual<br />
salmon and gray color scheme. It was last seen at auction in Gstaad in 2002,<br />
where it failed to meet reserve.<br />
51
ON THE BLOCK<br />
1965 Aston Martin DB5 007<br />
ESTIMATE $5,000,000 | RM SOTHEBY’S | MONTEREY<br />
Two DB5s were modified for the 1964 James Bond film Goldfinger. After the movie’s<br />
smashing success and the spike in DB5 sales, two more cars, including this<br />
one, were modified to 007-specs to promote the next installment, Thunderball.<br />
This DB5 was restored in 2012, and its special-effects spy gadgets reportedly<br />
work. RM sold it in 2006, before the restoration, for $2.09 million. In 2010, one of<br />
the original two Goldfinger cars changed hands for $4.6 million.<br />
1952 Ferrari 225 Sport Spider by Vignale<br />
ESTIMATE $3,300,000 | RM SOTHEBY’S | MONTEREY<br />
COURTESY RM SOTHEBY’S<br />
Powered by a 2715-cc, 210-hp V-12 and one of only a dozen Sport Spiders bodied<br />
by Vignale, this car has extensive period hillclimb and race history in Britain,<br />
including a third overall finish at Goodwood with Grand Prix driver and future Le<br />
Mans winner Roy Salvadori at the wheel. It also raced in Argentina before being<br />
restored in the U.S. in the early 2000s. It’s eligible for classic events like the Tour<br />
Auto, Le Mans Classic, Mille Miglia, and Monaco Grand Prix Historique.<br />
52
ON THE BLOCK<br />
1939 Alfa Romeo Tipo 256<br />
ESTIMATE $3,500,000 | GOODING & COMPANY<br />
THE PEBBLE BEACH AUCTIONS<br />
Originally one of five Tipo 256s built in the Spider Siluro body style, in 1941 it<br />
received its current coupe bodywork by Touring. It raced in Italy eight times in<br />
period, including at the Mille Miglia, and more recently won its class at the 2015<br />
Pebble Beach Concours d’Elegance.<br />
COURTESY RM SOTHEBY’S, GOODING & COMPANY<br />
2006 Ferrari FXX<br />
ESTIMATE $3,500,000 | RM SOTHEBY’S | MONTEREY<br />
One of seven modern Ferraris consigned out of a private collection. The Enzo–<br />
based FXX, with its shrieking 800-horsepower V-12, originally could only be driven<br />
at approved track events, where Ferrari technicians looked over the car and<br />
gathered data. Ferrari built 30 examples.<br />
53
ON THE BLOCK<br />
1969 Ferrari 365 GTS by Pininfarina<br />
ESTIMATE $3,500,000 | RM SOTHEBY’S | MONTEREY<br />
Ferrari built only 168 examples of the 365 GTC (Gran Turismo Coupé), but the<br />
convertible 365 GTS is rarer still: a mere 20 were built. It’s also much more expensive.<br />
Chassis 12163 was the very first of them and was exhibited at the Brussels<br />
motor show. It sold here two years ago for $2,722,500.<br />
COURTESY RM SOTHEBY’S, BONHAMS<br />
1959 Porsche 718 RSK<br />
“Center-Seat’’ Spyder<br />
ESTIMATE $3,300,000 | BONHAMS | QUAIL LODGE AUCTION<br />
The 718 RSK built on the success of the earlier 550A and solidified Porsche’s reputation<br />
as a giant killer, beating much larger, more powerful cars on tracks across<br />
the globe. This special center-seat example won both the 1959 Grand Prix de<br />
Léopoldville in Africa and the Buenos Aires 1000KM, and it retains its original engine<br />
and coachwork. Since 2014, three other 718 RSKs have sold for $3.3 million,<br />
$2.86 million, and $3.74 million.<br />
54
ON THE BLOCK<br />
COURTESY RM SOTHEBY’S<br />
2014 Ferrari LaFerrari<br />
ESTIMATE $3,100,000 | RM SOTHEBY’S | MONTEREY<br />
and MECUM | THE DAYTIME AUCTION<br />
Of the trio of hybrid hypercars that debuted earlier in the decade—the Porsche<br />
918 Spyder, the McLaren P1, and LaFerrari—the 949-horsepower Italian is the most<br />
valuable, even though the McLaren is rarer. Another LaFerrari, a 426-mile example<br />
finished in special-order Rosso Fuoco, is available down the road at Mecum.<br />
55
ON THE BLOCK<br />
1954 Maserati A6GCS<br />
ESTIMATE $3,000,000 | RM SOTHEBY’S | MONTEREY<br />
Chassis 2078 ran at some of Italy’s great races, including the 1954 Targa Florio<br />
and Mille Miglia, where it placed third overall. It went to South America a year<br />
later and finished third in Buenos Aires. It has since been used in historic events<br />
on both sides of the Atlantic and was restored in time for display at the Pebble<br />
Beach Concours in 2014.<br />
COURTESY RM SOTHEBY’S<br />
1985 Ferrari 288 GTO<br />
ESTIMATE $2,350,000 | RM SOTHEBY’S | MONTEREY<br />
The 137th of just 272 examples built, this 288 was fitted from new with the rare<br />
combination of sport exhaust, air conditioning, and power windows before going<br />
to its first owner in Japan. It sold for $2.75 million at RM Arizona in 2015 and<br />
for $2.585 million at Amelia Island in 2016. It hammered not sold here last year at<br />
a $2.55 million high bid.<br />
56
ON THE BLOCK<br />
1931 Bentley 4½ Litre<br />
Supercharged Tourer<br />
ESTIMATE $2,000,000 | BONHAMS | QUAIL LODGE AUCTION<br />
A Bentley 4½ Litre won Le Mans in 1928, but before long the car was no longer<br />
competitive. One of Bentley’s attempts to address this was to supercharge the<br />
4½ Litre’s engine. Although the “Blower Bentley” never achieved major racing<br />
success, one lapped Brooklands at a winning 137.96 mph. This car, Chassis MS<br />
3942, is represented as one of 50 factory Blower cars, but it has been rebodied.<br />
COURTESY BONHAMS, GOODING & COMPANY<br />
1997 Ferrari F50<br />
ESTIMATE $2,000,000 | GOODING & COMPANY<br />
THE PEBBLE BEACH AUCTIONS<br />
Built to usher in Ferrari’s 50th anniversary and designed to be an F1 car for the<br />
road, the F50 is the most unloved of Ferrari’s halo hypercars. But with only 349<br />
built, it’s considerably rarer than the F40, Enzo, and LaFerrari.<br />
57
ON THE BLOCK<br />
1966 Ferrari 275 GTB by Scaglietti<br />
ESTIMATE $2,000,000 | RM SOTHEBY’S | MONTEREY<br />
Finished in its original Rosso Rubino (Ruby Red) over Nero (Black), this GTB has<br />
appeared at auction before. RM sold it in Arizona four years ago for $2.75 million<br />
and at Amelia Island last year for $2.21 million. Mecum also offered it here in<br />
2016, but it hammered not sold at a $2.2 million high bid.<br />
COURTESY RM SOTHEBY’S<br />
2014 Pagani Huayra<br />
ESTIMATE $2,000,000 | RM SOTHEBY’S | MONTEREY<br />
Paganis are in a class of their own in terms of style, speed, sophistication, and<br />
attention to detail. The original owner of this 2014 Huayra ordered tartan seat inserts<br />
in his family’s colors, hence the car’s nickname Scozia (Italian for “Scotland”).<br />
The car was also retrofitted with the Tempesta performance upgrade package.<br />
58
GUIDEBOOK<br />
THE GOOD<br />
LIFE<br />
How to make the most<br />
of Monterey Car Week.<br />
BY BRETT BERK<br />
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GUIDEBOOK<br />
PHOTOGRAPHY BY EVAN KLEIN<br />
M<br />
onterey Car Week, which has taken place<br />
in some form annually on Northern California’s<br />
Monterey Peninsula since 1950, is<br />
America’s premier collector car event. It is<br />
also a delightful lifestyle bacchanal, with<br />
opportunities to experience a broad range of<br />
high-end goods and services, from local wines and seafood to fine watches<br />
and private aviation. But in order to get the most out of the dozens of<br />
opportunities available in the region this week, you need a plan.<br />
This is that plan.<br />
We won’t bore you with logistics regarding airports, flight connections,<br />
and interstates. But, for an event like this where you are what you drive,<br />
is it fair to ask what you plan on driving? When we come to Monterey<br />
Car Week, if we don’t drive or ship a car of our own, we like to rent a classic<br />
locally from DriveShare—a peer-to-peer car-sharing app and website.<br />
That way we’re guaranteed to show up in something far more interesting<br />
than a Camaro or Mustang convertible from the airport rental counter.<br />
Click over and rent one now (driveshare.com).<br />
Speaking of driving, during Car Week, signature events take place all<br />
over the Peninsula, and beyond, so be aware that traffic can become a real<br />
issue, especially during the weekend. A strategic schedule is useful in prioritizing<br />
and mapping out your top choices, and be sure to double-check<br />
if it’s actually possible to get from one to the other in your allotted time.<br />
Ride-share apps like Lyft or Uber can be a solution to driving, though they<br />
sometimes bring challenges of their own in terms of wait times, locating<br />
your driver, and driver access to events that are exclusive and/or offer only<br />
off-site parking.<br />
There is a dizzying amount of activity on offer, spread out over nearly<br />
a week. It can be overwhelming. So, to make your life easier, we created<br />
a handy day-by-day list, including our top recommendations. Since we<br />
believe that collectible cars should be driven, our suggestions privilege<br />
opportunities to see these amazing machines moving along on their own<br />
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GUIDEBOOK<br />
power. But we don’t discount the many chances to view these fabulous<br />
vehicles parked, like the sculptural objects they are.<br />
The most important thing is to make sure you get out there every day,<br />
so as to be able to take advantage of all of the glories on offer. But it’s also<br />
key to take little breaks when you can. If you overdo it, you’ll find yourself<br />
rushing through events, getting cranky, and missing the details (and<br />
the details are often the best part). Or, worse, you’ll find yourself overwhelmed.<br />
There is definitely a lot of great stuff to see, but this should also<br />
feel like a vacation. Don’t forget to enjoy yourself.<br />
WEDNESDAY<br />
If you make it to the area in time, your first priority should be to check out<br />
the Little Car Show, which is held in the afternoon (12:00–5:00 p.m.) in<br />
Pacific Grove. The feature event here is a parade of 100 small vintage vehicles<br />
from around the world, all with engines under 1601 cc, but afterward,<br />
participating vehicles are shown parked in typical concours configuration<br />
as well. That afternoon until 6:00 (or on Thursday from 10:00 a.m.–6:00<br />
p.m.), you can also pay an admission and stop by the Gooding auction tent<br />
on the Pebble Beach property to peruse the exquisite cars they’ll have for<br />
sale. Ahead of the evening, procure a ticket to the Monterey Jet Center for<br />
the McCall’s Motorworks Revival, an upscale party featuring the finer<br />
things in life (including cars, of course) sponsored by local car lover and<br />
collector car–storage entrepreneur Gordon McCall. Or just skip all of that<br />
The McCall’s Motorworks Revival is an upscale party at the Monterey Jet Center.<br />
61
ULTIMATE PORSCHES<br />
On Thursday, see concours cars in action during<br />
the Pebble Beach Tour d’Elegance.<br />
and book in a massage or other relaxing body treatment at one of the<br />
lovely spas in the area, including Bernardus, Carmel Valley Ranch, and<br />
the Post Ranch Inn.<br />
THURSDAY<br />
Take the day to explore the natural beauty of the area. A drive down Highway<br />
1 through Big Sur is a must, as is a stop at Point Lobos State Natural<br />
Reserve, where a bounty of coastal walking trails offer breathtaking views<br />
of the craggy cliffs, unique vegetation, and shore life. While you’re out<br />
that day, you may see a host of pristine classic vehicles driving around<br />
the region. This is the Pebble Beach Tour d’Elegance, in which many<br />
of the cars that will be on the concours lawn on Sunday speed about the<br />
peninsula en masse. Find a viewing spot to wait and watch them pass,<br />
and/or finish up your activities in time to see them assemble in Carmel-By-The-Sea<br />
from around 12:00–2:00 p.m. Later that afternoon, you<br />
can check out automotive art, memorabilia, and ephemera at the Pebble<br />
Beach RetroAuto bazaar at the Inn at Spanish Bay on the Pebble Beach<br />
property. Russo and Steele, RM Sotheby’s, and Mecum also open their<br />
auction previews to the public that day, from 10:00 a.m.–6:00 p.m., and<br />
are all located in Monterey.<br />
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GUIDEBOOK<br />
The Quail: A Motorsports Gathering is the place to be on Friday.<br />
FRIDAY<br />
Friday is all about The Quail: A Motorsports Gathering. Sponsored by the<br />
Peninsula Hotels and held at the Quail Lodge resort, this is a highly curated<br />
and exclusive event in terms of food and wine and, especially, collectible<br />
cars and motorcycles. Tickets are pricey, available mainly through a lottery,<br />
and sell out quickly and in advance, but last-minute options are always<br />
available, and we know that you know people. Ask around. Arrive early and<br />
leave in the early afternoon, but not before checking out the Bonhams auction<br />
next door. The traffic can be unbearable, and the shuttle service to the<br />
off-site parking is a bit confounding. Fortunately, departing early will give<br />
you time to head over to the Club at Pasadera for the annual Legends of the<br />
Autobahn German car show. This event features 400 examples of Teutonic<br />
automotive heritage in all of its forms from brands like Mercedes, BMW,<br />
Audi, and Porsche. Admission is free, though there is a fee for parking.<br />
SATURDAY<br />
If you attend Car Week, you would be remiss if you did not make a pilgrimage<br />
to WeatherTech Raceway Laguna Seca for the Rolex Monterey<br />
Motorsports Reunion. This is a golden opportunity to see over 500<br />
vintage cars—many of them very valuable and/or with intriguing motorsports<br />
pedigree—race around a challenging track, working hard to actually<br />
win. Because it’s inland, the location tends to be hotter and dustier<br />
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GUIDEBOOK<br />
The Rolex Motorsports Reunion features vintage racing of every era at Laguna<br />
Seca on Saturday and Sunday.<br />
MATT TIERNEY<br />
than other areas on the Peninsula, and there’s little shade, so check the<br />
weather and dress accordingly. But the trek is worth it just to walk the<br />
paddocks and breathe in the petroleate perfume. Splurge for the preferred<br />
parking. Trust us.<br />
The races run on Sunday as well, so you may want to consider delaying<br />
your visit until that afternoon because there are also two special car<br />
shows that occur on Saturday, in nearby Seaside. (Or, maybe you have<br />
impeccable timing/luck and you can do all three?) In the morning, from<br />
8:30 a.m.–1:00 p.m., there’s the Concours d’Lemons. An offshoot of the<br />
24 Hours of LeMons clunker racing series, it is a display of “oddball,<br />
mundane, and truly awful” cars. But these unloved vehicles are often lovingly<br />
restored, and the affection the owners and spectators confer upon<br />
them truly captures the spirit of Car Week. At the other end of the spectrum,<br />
from 9:30 a.m.–5:00 p.m., is Concorso Italiano, the Romantic<br />
counterpart to Legends of the Autobahn, featuring a large assortment of<br />
flawless Italian cars from Lamborghini, Alfa Romeo, Maserati, Ferrari,<br />
Fiat, and others.<br />
SUNDAY<br />
There is really only one place to be on Sunday morning, and that is at<br />
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GUIDEBOOK<br />
Sunday at the Pebble Beach Concours d’Elegance starts with Dawn Patrol<br />
(above) and ends with the awards presentations (below).<br />
the Pebble Beach Concours d’Elegance. If you plan to stay for the day<br />
to watch the Best of Class and Best of Show awards, splurge for the best<br />
tickets you can afford (or find a friend with hospitality access and guest<br />
privileges) so you have decent parking and a comfortable tent or table to<br />
retreat to after viewing the cars. Another option is to arrive extra early,<br />
for Dawn Patrol, and leave<br />
early. This loose insider<br />
event starts at 6:00 a.m.<br />
on the golf green, and participants<br />
get to watch all of<br />
the cars that will compete<br />
in the concours drive onto<br />
the field and head to their<br />
positions. Coffee, donuts,<br />
and baseball caps are provided by <strong>Hagerty</strong>. With the dawn mist coming<br />
in off the ocean and the roar of these few hundred special machines, it is<br />
truly spectacular.<br />
That afternoon, you can return to the races. Or return to your room. Or<br />
return to the airport and your home. Wherever you go, be sure to rest your<br />
senses (and your liver) for next year. We know you’ll be back.<br />
NYC–based Brett Berk writes about the intersection of cars and culture<br />
for Architectural Digest, GQ, WIRED, Vanity Fair, and many other outlets.<br />
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GUIDEBOOK<br />
FUELING STATIONS<br />
Wherever you’re staying, and whatever events you’re attending,<br />
you’re going to need to eat, so if you haven’t already, maybe make a<br />
few dinner reservations. We recommend the following local spots.<br />
AUBERGINE (Michelin-starred)<br />
831-624-8578<br />
auberginecarmel.com<br />
Monte Verde at 7th Avenue<br />
Carmel-By-The-Sea, CA 93921<br />
CORKSCREW CAFÉ<br />
831-659-8888<br />
corkscrewcafe.com<br />
55 West Carmel Valley Road<br />
Carmel Valley, CA 93924<br />
COURTESY SEVENTH AND DOLORES<br />
CARMEL BELLE<br />
831-624-1600<br />
carmelbelle.com<br />
Ocean Ave<br />
Carmel-By-The-Sea, CA 93923<br />
CASANOVA<br />
831-625-0501<br />
casanovacarmel.com<br />
5th Avenue between Mission<br />
and San Carlos<br />
Carmel-By-The-Sea, CA 93921<br />
THE RESIDENCY AT<br />
STATIONÆRY<br />
831-250-7183<br />
thestationaery.com<br />
San Carlos Street, between<br />
5th and 6th Avenues<br />
Carmel-By-The-Sea, CA 93921<br />
SEVENTH AND DOLORES<br />
831-293-7600 | 7dsteakhouse.com<br />
7th Avenue at Dolores Street<br />
Carmel-By-The-Sea, CA 93921<br />
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SAVE THE DATE<br />
Auction Calendar<br />
Sure, Pebble Beach is on your must-attend list.<br />
But it’s not the only place where you can wave a bidding<br />
paddle in the coming months. Our recommendations:<br />
DARIN SCHNABEL, COURTESY OF RM SOTHEBY’S<br />
Mecum Harrisburg<br />
JULY 31–AUGUST 3 | HARRISBURG, PA<br />
One of only a handful of collector car<br />
auctions in the Northeast, Mecum<br />
Harrisburg is typically held a few<br />
weeks before Monterey and is heavy<br />
on high-end muscle as well as more<br />
affordable classic cars and trucks.<br />
RM Auburn Fall<br />
AUG 29–SEPT 1 | AUBURN, IN<br />
Hosted by the former Auctions<br />
America, which was renamed RM<br />
Auctions in 2017, Auburn Fall goes<br />
back an impressive 49 straight years in<br />
what RM dubs “a Labor Day weekend<br />
tradition.” It is the larger of RM’s two<br />
Auburn auctions (Auburn Spring takes<br />
place in May), and nearly 800 cars will<br />
cross the block. Mid-range domestic<br />
classics comprise most of the run list.<br />
A large swap meet and car corral are<br />
held in conjunction with the sale.<br />
Mecum Dallas<br />
SEPT 4–7 | DALLAS, TX<br />
One of Mecum’s biggest auctions<br />
and one of two the company holds<br />
in Texas (the other takes place in<br />
Houston in the spring), the Dallas<br />
sale often attracts 1000 or more<br />
classic cars and trucks.<br />
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SAVE THE DATE<br />
Bonhams Beaulieu<br />
SEPT 7 | BEAULIEU, ENGLAND<br />
Bonhams holds an auction each<br />
year in Beaulieu, which is home to<br />
the UK’s National Motor Museum,<br />
and offers a diverse assortment of<br />
automobilia and literature as well<br />
as classic cars and motorcycles. In<br />
addition to the museum of over<br />
250 historic vehicles, Beaulieu<br />
encompasses an idyllic medieval<br />
abbey with extensive gardens in the<br />
English countryside, so it’s worth<br />
taking an extra day.<br />
Bonhams Goodwood Revival<br />
SEPT 14 | CHICHESTER, ENGLAND<br />
The Goodwood Revival is already<br />
one of the top “must do” events on<br />
the classic car calendar, and part of<br />
the tradition is the one-day Bonhams<br />
auction held in conjunction with the<br />
vintage races. Since the sale is held<br />
at a racetrack surrounded by racers<br />
and fans, the consignment list<br />
is dominated by significant<br />
racing and sports cars.<br />
RM Sotheby’s<br />
Sáragga Collection<br />
SEPT 20–21 | COMPORTA, PORTUGAL<br />
This auction, made up of<br />
consignments from a single private<br />
collection, takes place in the<br />
glamorous but discreet Portuguese<br />
beach town of Comporta, about<br />
an hour from Lisbon. The group<br />
of over 130 cars from the Sáragga<br />
collection is impressive in its diversity,<br />
comprising everything from prewar<br />
luxury to modern sports cars.<br />
Bonhams MPH<br />
SEPT 26 | BICESTER, ENGLAND<br />
This is the first auction held by<br />
Bonhams MPH, a distinct entity<br />
within Bonhams that will host<br />
four sales per year to “service the<br />
growing market for modern and<br />
popular classics.” Bonhams MPH<br />
is housed at Bicester Heritage,<br />
a hub of classic and historic<br />
motoring-related businesses<br />
located in a former World War<br />
II RAF bomber training station<br />
northeast of London.<br />
Bonhams Bonmont Sale<br />
SEPT 29 | GENEVA, SWITZERLAND<br />
This auction will feature a collection<br />
of 25 modern supercars recently<br />
seized by the Swiss government<br />
from the Vice President of Equatorial<br />
Guinea. Highlights include a<br />
LaFerrari, a Bugatti Veyron, an Aston<br />
Martin One-77, a Koenigsegg One:1,<br />
and a Lamborghini Veneno Roadster.<br />
The sale will take place in a<br />
12th century abbey overlooking<br />
Lake Geneva.<br />
Barrett-Jackson Las Vegas<br />
OCT 3–5 | LAS VEGAS, NV<br />
This will be Barrett-Jackson’s 12th<br />
annual collector car auction in Sin<br />
City, held at the massive Mandalay<br />
Bay Resort and Casino right on the<br />
Las Vegas Strip. The company’s last<br />
sale of the year, it typically offers<br />
up about 700 vehicles of all shapes,<br />
sizes and price points.<br />
Bonhams Simeone<br />
OCT 7 | PHILADELPHIA, PA<br />
Bonhams held its first auction at<br />
the Simeone Foundation<br />
Automotive Museum in<br />
Philadelphia eight years ago.<br />
The museum houses some of the<br />
most significant and spectacularly<br />
preserved race cars in the world,<br />
so this sale typically sticks with<br />
the preservation theme and offers<br />
unrestored classics and barn finds.<br />
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SAVE THE DATE<br />
RM Hershey<br />
OCT 10–11 | HERSHEY, PA<br />
Every year since 1955, a massive<br />
swap meet, car corral, car show,<br />
and flea market draws thousands to<br />
Hershey, Pennsylvania. Technically<br />
it’s the AACA’s Eastern Division Fall<br />
Meet, but most people just call it<br />
Hershey. The RM sale is just one part<br />
of the action, but it typically offers<br />
a fascinating group of automobiles,<br />
most of them prewar classics.<br />
Mecum Las Vegas<br />
OCT 10–12 | LAS VEGAS, NV<br />
Mecum only started coming to Vegas<br />
in 2017, but this has already become<br />
one of the company’s largest sales,<br />
with nearly 900 vehicles offered.<br />
Bonhams The Zoute Sale<br />
OCT 11 | KNOKKE-HEIST, BELGIUM<br />
This is Bonhams’ seventh auction<br />
at Zoute in Knokke-Heist on the<br />
Belgian coast. The auction is just one<br />
element of the Zoute Grand Prix, an<br />
annual classic car event regarded as<br />
one of the best in Europe. In addition<br />
to the auction, there is a concours,<br />
a rally, a GT tour, and a show for<br />
new high-end automobiles.<br />
Bonhams<br />
London to Brighton<br />
NOV 1 | LONDON, ENGLAND<br />
The London to Brighton Veteran Car<br />
Run is the oldest motoring event<br />
in the world. The unique spectacle<br />
dates back to 1896 and is limited<br />
to motorcars built before 1905.<br />
Bonhams sponsors the race and<br />
holds an auction the Friday<br />
before, which naturally features<br />
veteran automobiles and<br />
related automobilia.<br />
RM Sotheby’s London<br />
NOV 5 | LONDON, ENGLAND<br />
Held in central London’s Battersea<br />
Park, the RM Sotheby’s London<br />
sale typically offers a few dozen,<br />
mostly high-end, European collector<br />
cars. This sale used to be held in<br />
September.<br />
Best Heritage Suzuka<br />
Sound of Engine Auction<br />
NOV 16–17 | SUZUKA, JAPAN<br />
The Sound of Engine held at the<br />
legendary Suzuka Circuit is sort of<br />
like a Japanese Goodwood Festival<br />
of Speed. It celebrates motorsports<br />
by bringing together vehicles of<br />
all shapes, sizes, nationalities, and<br />
eras. Naturally, there’s an auction<br />
attached to the event. Last year’s<br />
sale offered a group of historic<br />
Japanese race cars.<br />
RM Sotheby’s Abu Dhabi<br />
NOV 30 | ABU DHABI, UAE<br />
There is of course no shortage of<br />
wealth in Abu Dhabi, but this is the<br />
first major collector car auction in<br />
the Middle East. Held the same<br />
weekend as the season finale Abu<br />
Dhabi Grand Prix F1 race, the<br />
auction is loaded with modern and<br />
late-model exotics.<br />
Bonhams<br />
London New Bond Street<br />
DEC 7 | LONDON, ENGLAND<br />
Held at Bonhams’ flagship London<br />
saleroom, the New Bond Street<br />
event is the company’s last auction<br />
of the year and typically features<br />
a mix of European sports, luxury,<br />
and race cars. Great opportunity to<br />
find something to park under the<br />
Christmas tree. n<br />
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AUCTION REPORT<br />
LAST DANCE<br />
IN TUPELO<br />
The Tupelo Automobile Museum<br />
closes with a bang, not a whimper.<br />
BY KEN GROSS (WITH REPORTING BY RICK CAREY)<br />
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AUCTION REPORT | TUPELO MUSEUM<br />
S<br />
tars shine brightest before they go out, and so it’s fitting<br />
the Tupelo Automobile Museum in Tupelo, Mississippi,<br />
closed with a well-attended, two-day auction<br />
that saw some 330 pieces of automobilia and more<br />
than 170 cars cross the block. The large collection of<br />
petroliana and vintage vehicles had been amassed over<br />
many years by the late Frank K. Spain, an electrical engineer whose keen<br />
interest in cars of all types was reflected in the broad range of the lots on<br />
sale. The no-reserve sale, held by Bonhams, brought over $10 million.<br />
Proceeds will go to a charitable educational foundation.<br />
The undisputed headliner of the auction was a 1948 Tucker Model 48<br />
sedan, the 28th of just 51 built (some 47 examples survive) and one of just<br />
five in Palomino Beige. Tuckers don’t often come up for sale but they’ve<br />
been seven-figure cars for the last few years. Despite Tucker’s monumental<br />
failure, surviving cars attract spirited bidding today. The Tucker story,<br />
immortalized by Francis Ford Coppola in the recently re-released film,<br />
Tucker: The Man and His Dream, continues to captivate both car enthusiasts<br />
and the general public. That tale is worth a quick retell:<br />
PREVIOUS PAGE: ADAM ROBISON, DAILY JOURNAL<br />
The undisputed headliner of the auction<br />
was a 1948 Tucker Model 48 sedan, the 28th<br />
of just 51 built (some 47 examples survive),<br />
and one of just five in Palomino Beige.<br />
In the heady postwar era, Preston Tucker’s radical new, streamlined<br />
rear-engine Tucker 48 sedan took the United States by storm, threatened<br />
Detroit’s Big Three, and garnered immense publicity nationwide. But<br />
rumors swirled that it was all a hoax. Just as new Tuckers began rolling off<br />
the assembly line, a surprise SEC investigation, a crooked DA, a conspiring<br />
senator, and a sensational radio commentator made Tucker’s life miserable.<br />
After a much-heralded trial, Preston Tucker was acquitted of all charges—his<br />
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AUCTION REPORT | TUPELO MUSEUM<br />
1948 Tucker 48<br />
SOLD FOR $1,985,000 | LOT 491 | #2- CONDITION<br />
COURTESY MECUM<br />
lawyer was so convinced of his client’s innocence, no defense was even made.<br />
But the damage was done, and the Tucker factory was shuttered.<br />
Today, Tuckers are back in style. The Pebble Beach Concours featured<br />
a class of 13 Tuckers in 2018. Preston Tucker’s great grandsons were on<br />
hand for this sale. When the Tucker bidding topped $1.3 million, the two<br />
remaining protagonists were an unidentified gentleman from California<br />
and Tim Stentiford, representing the new Maine Classic Car Museum in<br />
Arundel, Maine. “We came to Mississippi with one goal in mind,” he told<br />
reporters, “and that was to take a run at the Tucker.” That worked. He was<br />
the winning bidder. Tucker 1028 sold for $1.985 million.<br />
A decent “20-footer,” the car had been restored in the early ’80s, but<br />
over time, its suspension was modified (before proper parts were available)<br />
and it had collapsed; the transmission needed work, and the flat six<br />
wasn’t running. Stentiford plans to ship the car to Tucker expert Mark<br />
Lieberman of Nostalgic Motoring, Ltd., in Auburn Hills, Michigan, where<br />
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AUCTION REPORT | TUPELO MUSEUM<br />
it will undergo a full mechanical restoration. Lieberman, who already is<br />
familiar with the car, told me, “This is a very good example. It was initially<br />
assembled very carefully, and its history is known. It’s one of seven Tuckers<br />
that were tested at the Indianapolis Speedway, where it did nearly<br />
3000 miles. It’s just tired from age.”<br />
What’s the future for Tucker pricing? Lieberman, who bought Preston<br />
Tucker’s personal car at an RM Sotheby’s sale two years ago in Scottsdale,<br />
believes the Tucker market is “. . . strong and getting stronger.” We’d agree.<br />
Besides the Tucker, Bonhams’ Tupelo lots featured a little bit of everything:<br />
Brass-era rarities like a 1914 Trumbull Cyclecar ($13,000), a 1912<br />
Cartercar ($47,040) with a friction disc drive, and a 1912 White Model<br />
Thirty G.A.D. roadster ($71,680); British cars including three Lagondas,<br />
three Alvises (Alvi?), several prewar Derby Bentleys, and MGs; and plenty<br />
of postwar American iron, including ’50s and ’60s “dreamboat” convertibles<br />
and a handful of Corvettes. Prices ranged from less than $500 for<br />
While it is sobering to see<br />
Tupelo close its doors, take heart that other<br />
small auto museums are doing fine.<br />
basket cases to six digits for a 1950 T26 Talbot-Lago with rare coachwork<br />
by Veth & Zoon ($196,000). London to Brighton devotees fought over<br />
an 1899 Knox Model A three-wheel runabout, which went for a heady<br />
$201,600.<br />
A good sale, then, but it is nevertheless sobering to see Tupelo close<br />
its doors. Take heart that other small auto museums are doing fine. The<br />
Simeone Museum (Philadelphia), the Larz Anderson Museum (Brookline,<br />
Massachusetts), the Audrain Museum (Newport, Rhode Island), the<br />
Northeast Classic Car Museum (Norwich, New York), the Saratoga Automobile<br />
Museum (Saratoga Springs, New York), and the Tampa Bay Auto<br />
Museum (Tampa, Florida) are all doing well. And the Tucker? It’s already<br />
on display at the Maine Classic Car Museum. If these museums have anything<br />
in common, it’s thriving membership, frequent exhibition changes<br />
and events, and generous sponsors and benefactors. Plan a visit soon, if<br />
there’s one near you.<br />
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AUCTION REPORT | TUPELO MUSEUM<br />
TUPELO MUSEUM AUCTION<br />
1934 Duesenberg Model J<br />
Prince of Wales Berline<br />
SOLD FOR $450,500 | LOT 450 | #3- CONDITION<br />
Chassis No. 2575. Black with a black cobra grain roof over beige cloth. This<br />
handsome, one-off Rollston design, with an unusual and rather rakish split<br />
windshield, may have been built for serial Duesenberg client Homer Varney of<br />
COURTESY MECUM<br />
Los Angeles. It was owned in the mid-’50s by Allen Thurn, an early Duesenberg<br />
aficionado, and then by Homer Fitterling, who maintained a large Duesy collection.<br />
The body is mounted over the frame, like many later Duesenberg JN models,<br />
so this car has a low, sporting silhouette.<br />
EVALUATION Visually Maintained, Largely Original | Repainted and reupholstered,<br />
otherwise original and rough. The wire wheels are repainted over rust<br />
pits, the chrome is spotty.<br />
Sound upholstery and interior<br />
trim but aged dashboard missing<br />
its altimeter, some controls,<br />
and the steering wheel center<br />
cap. Paint is flaking off the<br />
frame and chassis. Missing the<br />
taillight, too.<br />
BOTTOM LINE There are many<br />
missing bits and pieces, but this<br />
was a smokin’ deal on an acknowledged Classic Car Club of America Classic that<br />
will be very distinctive, once restored.<br />
74
AUCTION REPORT | TUPELO MUSEUM<br />
COURTESY MECUM<br />
1930 Hispano-Suiza H6B Coupe<br />
Chauffeur, Body by J. Fernandez<br />
SOLD FOR $335,000 | LOT 447 | #1- CONDITION<br />
Chassis No. 12202. Gold coachline, black leather front seats, gray cloth rear;<br />
black cloth top. Body-color wheel discs, wide whitewalls, dual sidemounts, Marchal<br />
headlights, radiator stone guard, sliding tendelet, Jaeger clock and speedometer,<br />
inlaid wood luggage trunk, roll-up division, opening windshield.<br />
EVALUATION Older Restoration | Handsome and lavishly finished coachwork<br />
by J. Fernandez, prior to his association with “Dutch” Darrin. Very good older<br />
paint, upholstery, and mixed nickel/<br />
chrome brightwork. Clean, orderly engine<br />
compartment and chassis. Rotten,<br />
cracked old tires. Restored decades ago<br />
and holding up very well.<br />
BOTTOM LINE Although this Hisso<br />
was acquired by Frank Spain in 1995<br />
from Herbie Livingston’s collection, it<br />
had been offered at the World Classic<br />
auction in Monterey (successor to Rick<br />
Cole’s) in 1993, where it brought an unsuccessful<br />
high bid of $150,000. Its condition<br />
is remarkably good for a car restored<br />
in the early ’80s, and it was a 1981<br />
Pebble Beach class winner while owned<br />
by Tom (Domino’s Pizza) Monaghan.<br />
Even with the heavy, elaborate coachwork it has adequate power for touring and<br />
is a sound value at this result.<br />
75
AUCTION REPORT | TUPELO MUSEUM<br />
1967 Ed “Big Daddy” Roth “Wishbone”<br />
COURTESY MECUM<br />
SOLD FOR $95,200 | LOT 526 | #3+ CONDITION<br />
Metallic red over black vinyl. Totally chromed VW drivetrain. Chrome wire<br />
wheels and suspension.<br />
EVALUATION Older Restoration | A show car with more years than miles. It was,<br />
at some point, cut up and later reassembled by a former Roth employee known<br />
today only as Dirty Doug.<br />
BOTTOM LINE Ed Roth parlayed a talent for design, engineering, fabrication,<br />
and zany behavior into his leading role as a Southern California Kustom culture<br />
icon of the 1960s. When show promoters encouraged and even paid him to create<br />
cars for exhibition, he built a series of incredible creations which helped spark<br />
the sales of his wildly airbrushed<br />
“Rat Fink” T-shirts<br />
and other products. When<br />
he teamed up with Revell,<br />
literally millions of Ed’s cars<br />
were sold as model kits. He<br />
was honored with a special<br />
class at the 2017 Amelia<br />
Island Concours. Roth creations<br />
like “The Outlaw”<br />
(Petersen Automotive Museum),<br />
the “Beatnik Bandit” (National Automotive Museum), and others in private<br />
collections simply don’t come up for sale. The VW-powered “Wishbone”<br />
was a rare opportunity that’s reflected in its high selling price.<br />
76
77
AUCTION REPORT<br />
MECUM INDIANAPOLIS<br />
M<br />
ecum’s titanic Spring Classic in Indy is traditionally the<br />
company’s second-largest sale, after Kissimmee. This year<br />
didn’t disappoint, with 1719 lots offered and 1123 sold over<br />
six days. Vehicles from 23 separate collections crossed the block, including<br />
nearly three dozen first-generation (1955–57) Ford Thunderbirds, more<br />
than 100 Mustangs, and more than 180 Corvettes. A pair of 427 Cobras<br />
and the most expensive Porsche 918 we’ve seen all year took the top three<br />
results, but other highlights included an ultra-rare 1940 Crocker Big Twin<br />
motorcycle that sold for a staggering $550,000 and an even rarer 1970<br />
Plymouth Hemi Cuda convertible for $1,980,000.<br />
COURTESY MECUM<br />
1957 Chevrolet Corvette<br />
SOLD FOR $49,500 | LOT S227 | #3 CONDITION<br />
Chassis No. E57S102783. Venetian Red over red vinyl. 283-ci V-8 with dual-quad<br />
carburetors. 3-speed manual. Spinner wheel covers, whitewalls, hardtop,<br />
Wonder Bar radio.<br />
EVALUATION Unrestored Original | Unrestored but reasonably tidy engine bay.<br />
The original paint is crazed and cracked all over, but no significant portions are<br />
flaking. The same can’t be said for the red paint on the wheels, but that’s mostly<br />
obscured by the clean, straight wheel covers. Window frames have pitting, but<br />
bumper chrome remains presentable. Cloudy and scratched rear glass on the<br />
hardtop. Small rip in the driver’s seat but otherwise well-preserved interior. Original<br />
and complete, although there’s no documentation or history represented.<br />
BOTTOM LINE Restore or keep as is? There’s not really a correct answer. At this<br />
particular sale, though, the car brought absolutely no premium for preservation<br />
(the lack of paperwork didn’t help).<br />
78
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1961 Pontiac Ventura<br />
NOT SOLD AT A $77,500 HIGH BID | LOT T227 | #2- CONDITION<br />
Chassis No. 561P4534. Bristol Blue over blue vinyl. 389-ci, 348-hp Tri-Power<br />
V-8. 4-speed manual. Eight-lug wheels, power steering, power driver’s seat, tinted<br />
glass, Wonder Bar radio, Pontiac Historic Services documentation. Won Antique<br />
Automobile Club of America Senior award in 2016.<br />
EVALUATION Older Restoration | Tiny ding above the right headlight and a<br />
small scratch on the left front fender. Good paint and chrome otherwise. The<br />
brightwork is mostly original. Very good, fully restored interior. Lots of desirable<br />
equipment. A mostly solid redo with a few corners cut and a few flaws.<br />
BOTTOM LINE A frequent sight at Mecum auctions of late. It hammered not<br />
sold at a $90,000 high bid here last year, again at a $95,000 high bid at Mecum<br />
Dallas a few months later, and one more time at a $75,000 high bid at Kissimmee<br />
this January. Since Kissimmee, it’s been driven about six miles on and off<br />
the transporter and around the parking lot. It’s still a great car, sure to excite<br />
any Pontiac fan who sees it. With two strong offers and two reasonable ones<br />
now on the record, however, the people have spoken to this car’s value, and it’s<br />
time for the consignor to reset expectations.<br />
COURTESY MECUM<br />
1969 Mercury Cougar Eliminator<br />
SOLD FOR $77,000 | LOT F116 | #2 CONDITION<br />
Chassis No. 9F91R570868. Bright blue over blue vinyl. 428-ci, 335-hp Ram<br />
Air Cobra Jet V-8. Automatic<br />
transmission. Hood pins, Traction-Lok,<br />
power steering, factory<br />
air conditioning, bucket<br />
seats, floor shift, factory radio.<br />
EVALUATION Recent Restoration<br />
| Very good, relatively<br />
fresh paint and chrome apart<br />
from a few particles in the<br />
paint on the nose and hood.<br />
79
AUCTION REPORT | MECUM INDIANAPOLIS<br />
Factory gaps. Clean wheels and newer tires. Fresh and clean underneath. Very<br />
good restored interior. Rare and desirable equipment, plus attractive colors.<br />
BOTTOM LINE Cougars have represented a tempting muscle car value compared<br />
to the similarly equipped Mustangs with which they share platforms.<br />
Apparently, the secret isn’t out yet, since this 428-equipped Eliminator—king<br />
of the Cougar hill for ’69—sold for well under Mecum’s reasonable $85,000<br />
low estimate.<br />
1969 Chevrolet Camaro RS/SS<br />
Convertible<br />
SOLD FOR $69,300 | LOT S67 | #2- CONDITION<br />
Chassis No. 124679L510165. Verdoro Green over black vinyl and houndstooth<br />
cloth. 350-ci, 300-hp V-8. Automatic transmission. Factory air conditioning,<br />
Rally wheels, Polyglas tires, power steering, horseshoe shifter, factory radio, Protect-O-Plate.<br />
EVALUATION Older Restoration | Represented as the only known 1969 Camaro<br />
convertible in Verdoro Green, which is a Pontiac color. Very good older<br />
paint and chrome, but the front markers are pitted and the windshield frame is<br />
scratched. Excellent, tight-fitting top with a repainted frame. Worn shifter and<br />
switchgear. The wood appliqué around the shifter is coming loose. Otherwise,<br />
good restored interior. Very clean underneath. A high-quality if not quite concours<br />
restoration.<br />
BOTTOM LINE It takes a lot for a first-gen Camaro to stand out at a large muscle<br />
car–heavy auction. There were nearly 30 Camaros from 1969 alone at Indy,<br />
including two COPO cars. Fortunately, this car was not overshadowed. The RS<br />
package counts for a lot on SS Camaros, and the unique color clearly excited<br />
the bidders to push the price even further. The seller couldn’t have realistically<br />
hoped for much more than this result—and should be very happy.<br />
COURTESY MECUM<br />
80
AUCTION REPORT | MECUM INDIANAPOLIS<br />
2015 Porsche 918 Spyder Weissach<br />
SOLD FOR $1,980,000 | LOT S155 | #2 CONDITION<br />
Chassis No. WP0CA2A19FS800712. Matte black wrap over Garnet Red leather.<br />
Weissach package, Burmester stereo, front-axle lift system, Acid Green calipers,<br />
aftermarket wheels (original included).<br />
EVALUATION Original | 999 miles and like new.<br />
BOTTOM LINE The Weissach package subtracted about 100 pounds from the<br />
918’s weight, added more than 80 grand to its original price, and currently carries<br />
a premium of about 100 grand over a base 918. This car did even better<br />
than that, especially considering its aftermarket wheels and wrap—it’s the most<br />
expensive 918 we’ve seen all year.<br />
CAMERON NEVEU (TOP); COURTESY MECUM<br />
2006 Ford GT<br />
SOLD FOR $330,000 | LOT S181 | #2 CONDITION<br />
Chassis No. 1FAFP90S76Y401847. Tungsten Gray with silver stripes over<br />
black leather. Stripes, painted<br />
calipers, McIntosh stereo,<br />
BBS wheels (the only four<br />
options offered).<br />
EVALUATION Original | 488<br />
miles and like new.<br />
BOTTOM LINE Even by<br />
Ford GT standards, 488<br />
miles is on the low side (most<br />
of them seem to have fewer than 1000 miles on the clock). It deserved every dollar<br />
of this strong final price.<br />
81
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1981 DeLorean DMC-12<br />
SOLD FOR $38,500 | LOT S49 | #2- CONDITION<br />
Chassis No. SCEDT26T5BD006691. Stainless steel over gray leather. Automatic<br />
transmission, air conditioning.<br />
EVALUATION Unrestored Original | Represented with 16,269 actual miles, a believable<br />
claim. Very clean<br />
bumpers. The stainless<br />
is mostly very good, but<br />
there is a tiny dent in the<br />
front left of the hood, two<br />
more on the right door,<br />
and several light scratches.<br />
All normal stuff on<br />
DeLoreans, however. Very<br />
light curb rash on the left wheels. Excellent, nearly like-new interior. Supposedly<br />
stored in a climate-controlled facility and looks like it. Not quite a like-new<br />
time-capsule car, but it’s better than the majority of DeLoreans out there.<br />
BOTTOM LINE A spot-on price that represents an appropriate balance between<br />
remarkably low mileage and notable flaws, as well as the less desirable<br />
automatic transmission (they carry a 5-percent discount). We’d love to skip over<br />
the forced references to 88 mph and Doc Brown, but the fact of the matter is<br />
they’re worth this much only because of the Back to the Future movies—they<br />
weren’t great cars.<br />
COURTESY MECUM<br />
2016 Dodge Viper ACR<br />
SOLD FOR $167,750 | LOT S95.1 | #2 CONDITION<br />
Chassis No. 1C3BDEDZ7GV100276. Yellow with black-and-red stripes over<br />
black leather and microsuede interior. Extreme Aero Package. Kumho Ecsta<br />
tires. Carbon-fiber trim. Carbon-ceramic brakes.<br />
EVALUATION Original | A hardcore ACR model from late in the run (Viper production<br />
ended in 2017) with<br />
just 1161 miles, and they<br />
clearly weren’t track miles.<br />
This is practically a new car.<br />
BOTTOM LINE The trackready,<br />
final-series Viper ACR<br />
carried a $122,490 MSRP, so<br />
at this price—and with those<br />
miles—this car is likely destined<br />
for a life of static display in a collection rather than scaring the pants off its<br />
occupants at track days.<br />
82
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1974 Porsche 911 S Competition Car<br />
NOT SOLD AT A $160,000 HIGH BID | LOT S212 | #3+ CONDITION<br />
Chassis No. 9114101035. Ex-Paul Newman race car with white and pink livery,<br />
Carrillo rods, dry sump, 24-gallon fuel cell, fire system, whale-tail rear spoiler,<br />
BBS wheels, AutoMeter gauges.<br />
EVALUATION Competition Restoration | The Newman/Freeman car raced at<br />
Sebring in ’77 (to an unremarkable 30th place finish), then embarked on a long,<br />
long career in IMSA GTO and GTU as well as Camel GT. Restored from 2006 to<br />
2009, then more recently refurbished and set up for competition. Not a super<br />
successful car, and Paul Newman had minimal seat time in it. (And there’s no<br />
telling how much Newman–era<br />
componentry remains in the car<br />
after years of wear and tear in<br />
top-level competition.) Even so,<br />
it’s an awesome widebody 911<br />
race car with some neat history.<br />
BOTTOM LINE This car hammered<br />
not sold at a $325,000<br />
high bid at Mecum Houston in 2014. It wore orange and yellow paint at the<br />
time, and has since been repainted in its ‘77 Sebring livery. Given that previous<br />
high bid and the huge surge Porsche prices have experienced in the meantime,<br />
refusing the reported high bid here was an obvious choice. The car may have<br />
better luck at a more Porsche-heavy venue.<br />
1990 Chevrolet Corvette ZR-1<br />
NOT SOLD AT A $36,000 HIGH BID | LOT T195 | #2 CONDITION<br />
Chassis No. 1G1YZ23J7L5802103. A one-off put together by Penske, Chevrolet,<br />
and Larry Shinoda for Indy driver Rick Mears with body kit, Boyd Coddington<br />
wheels, Goodyear tires, and CD stereo but apparently no performance upgrades.<br />
EVALUATION Unrestored Original | From the Lingenfelter collection. Represented<br />
with 600 miles and looks new.<br />
BOTTOM LINE It’s hard to pinpoint the value on a one-off but not particularly<br />
special build like this. That said, the same car sold at Barrett-Jackson Scottsdale<br />
in 2008 for $58,300, so<br />
Mecum’s $60,000 low estimate<br />
here seems reasonable.<br />
As does the consignor’s<br />
decision to hold out at<br />
this reported high bid.<br />
83
AUCTION REPORT | MECUM INDIANAPOLIS<br />
2009 Chevrolet Corvette ZR1<br />
SOLD FOR $74,250 | LOT S117 | #2 CONDITION<br />
Chassis No. 1G1YR26R495800254. Jet Stream Blue over black and gray.<br />
Canadian export car (one of 43) with carbon-ceramic brakes, magnetic selective<br />
ride control, 1SD equipment group, dual-zone climate control, Bluetooth,<br />
chromed wheels, blue calipers.<br />
EVALUATION Original | Just 438 miles. Still has the plastic on the seats.<br />
BOTTOM LINE The window sticker on this factory-fresh ZR1 reads $145,315, but<br />
mid-70s isn’t out of the ordinary today, even for one this good with such a low<br />
odometer reading. Serious value in speed per dollar.<br />
COURTESY MECUM<br />
1973 Triumph Stag<br />
SOLD FOR $15,400 | LOT T318 | #3+ CONDITION<br />
Chassis No. LE23738UBW. Yellow over brown vinyl. 3.0-liter, 145-hp V-8.<br />
Automatic. Goodyear tires, power windows, cassette stereo, tools and books.<br />
EVALUATION Visually Maintained, Largely Original | Used but tidy and maintained<br />
engine bay. Good original chrome. Dull, possibly original paint with numerous<br />
touch-ups and scratches, particularly on the front. Beat-up exhaust tips.<br />
Tidy and maintained but unrestored underneath. Good interior other than worn<br />
switchgear and seatbelts. Used, but well-kept considering how little these cars<br />
are worth and that most of them rotted away long ago.<br />
BOTTOM LINE The Stag was a cool idea meant to take Triumph upmarket, but<br />
it just didn’t work. Early cars broke a lot, even by Triumph standards, and their<br />
reputation never recovered. Triumph should have put a Rover V-8 in it rather than<br />
its own finicky proprietary unit,<br />
and many owners have fixed<br />
that with engine swaps. This<br />
mostly original, well-kept example<br />
is therefore something<br />
of an oddity, but it did not bring<br />
an out-of-the-ordinary price.<br />
84
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1993 Ford Mustang 5.0 SVT Cobra<br />
SOLD FOR $48,400 | LOT T200 | #2 CONDITION<br />
Chassis No. 1FACP42D4PF142123. Vibrant Red over gray. 5.0-liter, 235-hp V-8.<br />
5-speed manual, 3.08:1 Traction-Lok. Fog lights, Goodyear Eagle tires, sunroof.<br />
EVALUATION Unrestored Original | Just 3042 miles and clearly treated as a<br />
collectible since new.<br />
BOTTOM LINE This first-year SVT Cobra sold for $39,600 at Auburn Fall last<br />
year. Prices for the best examples have only grown in the proceeding months,<br />
as this even more staggering result shows.<br />
2009 Pontiac Solstice GXP Coupe<br />
SOLD FOR $38,500 | LOT S176 | #2 CONDITION<br />
Chassis No. 1G2MG25X99Y107095. Silver over black leather, 2.0-liter, 260-hp<br />
turbo four-cylinder, 5-speed manual.<br />
EVALUATION Original | 7266 miles and looks like a new car aside from a tiny<br />
scratch on the filler cap. One of the last cars to wear a Pontiac badge, GXP<br />
coupes are quite rare.<br />
BOTTOM LINE The GXP coupe did not meet Mecum’s ambitious $45,000 low<br />
estimate. Considering it was worth about $31,000 new, this result is nonetheless<br />
one the seller should be happy with.<br />
COURTESY MECUM<br />
85
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1971 Plymouth Hemi Cuda<br />
SOLD FOR $374,000 | LOT S115 | #2 CONDITION<br />
Chassis No. BS23R1B109833. Rallye Red over black vinyl with cloth inserts, 426-<br />
ci, 425-hp Hemi V-8. Automatic. Shaker hood, hub caps, Polyglas GT tires, pushbutton<br />
radio, hood pins, Tic-Toc-Tach, power steering, power brakes, console.<br />
EVALUATION Older Restoration | Not numbers matching but represented as<br />
a genuine Hemi car. Very good and fully restored—but not overly detailed—<br />
engine bay. Good older paint and chrome. Light wear on the door handles.<br />
Even gaps. Good older restored interior. An attractive and inherently collectible<br />
Hemi Cuda with just a few strikes against it.<br />
BOTTOM LINE Not at all overshadowed by the ‘70 Hemi Cuda convertible (Lot<br />
F120) that sold the day before for $1.98 million, this car defied its lack of matching<br />
numbers and handful of flaws to reach a surprisingly high price.<br />
COURTESY MECUM<br />
1973 Volkswagen Karmann Ghia<br />
SOLD FOR $6,600 | LOT G267 | #3 CONDITION<br />
Chassis No. 1432622097. Green over brown vinyl. Hub caps and trim rings,<br />
aftermarket stereo, upgraded electrics.<br />
EVALUATION Cosmetic Restoration | Dirty engine bay with old-looking belts<br />
and hoses. Surface rust on the exhaust. Decent older respray with some masking<br />
issues around the headlights. Thick old undercoating. Light track scratches<br />
in the side glass. Good interior other than some cracks in the dash top. A<br />
20-footer, meaning it’s pretty<br />
from a distance but nothing to<br />
write home about up close.<br />
BOTTOM LINE Better than a<br />
project car, but it brought a<br />
project-car price—closer to<br />
10 grand would not have been<br />
expensive.<br />
86
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1941 Lincoln Continental Cabriolet<br />
SOLD FOR $107,250 | LOT S119 | #2+ CONDITION<br />
Chassis No. H125985. Burgundy over burgundy leather. 292-ci V-12. 3-speed.<br />
Hub caps and trim rings, Firestone wide whitewalls, fender skirts, boot cover,<br />
column shift, radio, dash clock.<br />
EVALUATION Older Restoration | Classic Car Club of America Full Classic. Sizable<br />
scratch on the right rear, but otherwise gorgeous older paint and chrome.<br />
Minuscule wrinkling to the seats; the rest of the interior is gorgeous. Tidy underneath.<br />
A major detailing away from being showable again, but it’s a gorgeous<br />
car as it sits, not to mention quite rare.<br />
BOTTOM LINE Sold by RM out of the Cappy collection in 2006 for $176,000,<br />
then hammered not sold at a $100,000 high bid at Mecum Monterey last year<br />
and again at a $95,000 high bid at Kissimmee this January. The three most recent<br />
numbers are consistent and fair, which the seller apparently realized in letting<br />
it go at Indy. One of the bidders from Kissimmee was the buyer here. He<br />
had been thinking of the car since January and luckily sealed the deal. The car<br />
will go well with the similarly gorgeous 1941 Zephyr coupe that he did take home<br />
from Kissimmee.<br />
COURTESY MECUM<br />
1965 Triumph TR4A<br />
SOLD FOR $13,750 | LOT G283 | #3- CONDITION<br />
Chassis No. CT68671. White and red over red piped in white. 2138-cc four-cylinder.<br />
Hub caps and trim rings, luggage rack, hardtop, banjo-style steering wheel,<br />
original radio.<br />
EVALUATION Older Restoration | Older paint that looks great from a short distance<br />
but reveals plenty of small scratches and nicks up close. Uneven panel<br />
87
AUCTION REPORT | MECUM INDIANAPOLIS<br />
gaps. Tired chrome with light pitting in places. Tidy, restored underbody. The<br />
tires look ancient. Good upholstery and gauges, but the dashboard wood is<br />
cracked and the steering wheel is worn. The gaskets around the glass on the<br />
hardtop are dry and cracking.<br />
Restored in 1996 and driven a<br />
lot since—not that there’s anything<br />
wrong with that—it’s still<br />
a usable driver but is rough<br />
around the edges and could<br />
use some TLC.<br />
BOTTOM LINE This is a better<br />
car than the price suggests. The<br />
work may be old, the car may be used—and have a less desirable solid rear axle<br />
(TR4s with independent rear suspension carry a slight premium)—but this result<br />
is favorable to the buyer by a few bids.<br />
1953 Buick Roadmaster Skylark<br />
Convertible<br />
SOLD FOR $82,500 | LOT F213 | #2- CONDITION<br />
Chassis No. 17142626. Mandarin Red over red-and-white leather, Kelsey-Hayes<br />
wire wheels, whitewalls, factory radio, dash clock, heater, power windows.<br />
EVALUATION Older Restoration | The older paint is holding up very well, but the<br />
bumpers have picked up some scratches. Erratic door fit. Paint chipping off the<br />
convertible top’s frame. Very clean and restored underneath. Lightly but visibly<br />
wrinkled seats. Fully restored to high standards, but that was a long time ago.<br />
BOTTOM LINE This car sold for $143,000 at Worldwide Auctioneers’ Hilton<br />
Head sale in 2006, but its restoration was a lot fresher then, and people were<br />
actually paying more for Skylarks than they are now. These days, cars from this<br />
era that are anything less than fresh struggle to bring big prices. Leaving off the<br />
reserve did little to entice more bidding.<br />
COURTESY MECUM<br />
88
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1953 Singer SM Roadster<br />
SOLD FOR $14,850 | LOT W270 | #3- CONDITION<br />
Chassis No. L4AD1717V. Red over beige, 1497-cc four-cylinder. Hub caps,<br />
Firestone blackwalls, wood-look dash, floor shift, dash clock.<br />
EVALUATION Enthusiast Restoration | Tired, flat old paint with numerous deep<br />
and long scratches. Dull but presentable chrome and brightwork. Older undercoated<br />
chassis with light oxidation. Uneven gaps. Good interior with sound<br />
upholstery, although the dash,<br />
while attractive, isn’t real wood.<br />
A rare, interesting, charming<br />
little car, but it’s a bit rough<br />
and not all the details are right.<br />
BOTTOM LINE A Singer is for<br />
someone who wants something<br />
a little bit different—and<br />
is willing to explain repeatedly<br />
why they didn’t want an MG. Indeed, this price is about what an MG TD in this<br />
condition could expect to bring, but parts will be harder to find, and this car has<br />
definite needs. All things considered, it’s hard to call this a deal.<br />
COURTESY MECUM<br />
2012 Local Motors Rally Fighter<br />
SOLD FOR $71,500 | LOT T121 | #2 CONDITION<br />
Chassis No. AZ336306. Gulf Blue and Orange over black piped in orange.<br />
LS3 V-8. Automatic. Cross-drilled and slotted rotors, Momo steering wheel,<br />
Pioneer stereo.<br />
EVALUATION Original | 2012 SEMA car in Gulf colors. No mileage represented,<br />
but it has clearly never gotten into the rough and tumble that these things were<br />
designed for. No wear to speak of.<br />
BOTTOM LINE Part off-roader and part supercar, Rally Fighters are a bit of a gimmick.<br />
But they’re a cool, fast gimmick that started new at around $100,000. This<br />
one sold for $66,000<br />
at Barrett-Jackson Las<br />
Vegas in 2017, which<br />
seemed like a deal at<br />
the time. And although<br />
this is a higher result,<br />
it’s still less than the<br />
other ones on the market<br />
right now are asking<br />
and seems like a<br />
solid value.<br />
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AUCTION REPORT | MECUM INDIANAPOLIS<br />
1969 Chevrolet Chevelle Malibu<br />
SS 396 Convertible<br />
SOLD FOR $68,200 | LOT S106 | #2 CONDITION<br />
Chassis No. 136679B346284. Monaco Orange over black vinyl. 396-ci, 325-hp<br />
L35 V-8. Automatic. Power steering, factory<br />
air conditioning, bucket seats, horseshoe<br />
shifter, factory radio.<br />
EVALUATION Recent Restoration | Represented<br />
as matching numbers. The engine<br />
bay is freshly finished but not overly detailed.<br />
A small piece of the grille is broken,<br />
but the paint, chrome, interior, and top are all very good. Straight body with even<br />
gaps. Finished recently and done to high but not over-the-top standards.<br />
BOTTOM LINE This car was an auction regular in the early 2000s. It sold for<br />
$83,600 at Russo and Steele Scottsdale 2006, for $84,700 at Barrett-Jackson<br />
Scottsdale 2007, then hammered not sold at a $65,000 high bid at Kruse Denver<br />
in 2007, and sold for $66,550 at Russo and Steele Scottsdale 2008. A lot has happened<br />
in the collector car market and the wider world since then, but crossing<br />
the block again after its most recent restoration, the Chevelle brought a similarly<br />
high and appropriate result.<br />
COURTESY MECUM<br />
1957 Heinkel Kabine<br />
NOT SOLD AT A $22,000 HIGH BID | LOT U71 | #3 CONDITION<br />
Chassis No. 1534867. Light blue over plaid cloth. 198-cc four-stroke single-cylinder,<br />
steel wheels, reverse gear, front-opening door (like an Isetta), folding sunroof,<br />
bubble side windows.<br />
EVALUATION Visually Maintained, Largely Original | Tired old paint. Dry window<br />
rubber. A bit grubby underneath. Decent seats, but the upholstery in the back is<br />
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AUCTION REPORT | MECUM INDIANAPOLIS<br />
coming apart. Like an Isetta but more obscure and even more bulbous. This one<br />
isn’t so bad that it isn’t cute<br />
and attention-grabbing, but<br />
it’s fairly rough. Good luck<br />
finding parts.<br />
BOTTOM LINE Just a few<br />
weeks ago at Mecum Houston,<br />
this car sold for $28,600,<br />
a generous number. The offer<br />
here is more realistic. A<br />
Kabine may be more unusual<br />
than an Isetta, but it’s not necessarily worth more. A $6600 hit in a matter of<br />
weeks is hard to stomach, but the Houston result will be hard to replicate.<br />
1966 Shelby GT350H<br />
SOLD FOR $123,750 | LOT S169 | #2- CONDITION<br />
Chassis No. SFM6S1005. Candyapple Red with gold stripes over black vinyl,<br />
4-speed (originally an automatic). Radial T/A tires, hood pins, factory radio.<br />
EVALUATION Recent Restoration | Some light scratching on the bumpers but<br />
they’re still shiny. Sound older paint. Erratic panel fit. Very good interior. Lightly<br />
used but restored engine bay and underbody. Desirable 4-speed Hertz renta-racer<br />
and noteworthy for not being painted black, as most of them were. Restored<br />
well but showing some age.<br />
BOTTOM LINE Reported sold at Mecum Glendale a few months ago for<br />
$121,000. Once out of the Hertz inventory, many GT350Hs were quickly converted<br />
to 4-speeds. That technically detracts from their value, but it makes them<br />
more fun, as does the desirable Candyapple Red and gold livery, which offsets<br />
some of the value loss of the 4-speed conversion. An appropriate result.<br />
CAMERON NEVEU (BOTTOM); COURTESY MECUM<br />
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AUCTION REPORT | MECUM INDIANAPOLIS<br />
1970 Dodge Coronet R/T Convertible<br />
SOLD FOR $56,100 | LOT W135 | #3+ CONDITION<br />
Chassis No. WS27U0G120610. Bright Red and black over black vinyl, 440-ci,<br />
375-hp Magnum V-8. Automatic. Radial T/A tires, power steering, bucket seats,<br />
console, floor shift, factory radio.<br />
EVALUATION Cosmetic Restoration | Good older paint despite a chip on the<br />
nose, some blisters along the rocker panels, and some orange peel on the right<br />
front fender. Paint coming off the R/T badges. Sound old chrome. Good convertible<br />
top. Light track scratches on the side glass. Older restoration underneath.<br />
Aged original dash, switchgear, and console but good newer upholstery.<br />
Restored to decently high standards. Sure to make a good driver.<br />
BOTTOM LINE This car sold here 11 years ago for $44,000 and again, for the<br />
same price, at Russo and Steele Scottsdale in 2009. A couple of months ago, it<br />
sold for $44,000 once more at Mecum’s sale in Glendale, Arizona. The Glendale<br />
result was a lot more realistic. Any final price over 50 grand makes this a very<br />
expensive car.<br />
COURTESY MECUM<br />
1970 AMC Rebel Machine<br />
SOLD FOR $51,700 | LOT F44 | #2- CONDITION<br />
Chassis No. A0C190Y206695. Frost White with red and blue accents over<br />
black vinyl. 390-ci, 340-hp, V-8. 4-speed. Wide Oval tires, hood tach, original<br />
space-saver spare.<br />
EVALUATION Older Restoration | Paint<br />
looks very good with only a few minor<br />
blemishes from poor preparation work.<br />
Panel fit is very good (for an AMC product,<br />
anyway). The brightwork is very good,<br />
other than some very minor scratches and<br />
some pitting on door handles. The interior<br />
is very good, showing little wear aside from slight discoloration of the rear<br />
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AUCTION REPORT | MECUM INDIANAPOLIS<br />
seat belts. The engine compartment looks good, with some use showing on the<br />
exhaust and near the cylinder heads. Underneath looks good, with undercoating<br />
peeling off in a few spots. Would be a great and attention-grabbing local<br />
show car.<br />
BOTTOM LINE Despite its in-your-face paint job and competitive performance,<br />
the Rebel Machine is a bit obscure in the muscle car world and, like most AMCs,<br />
is undervalued compared with its competition. There must have been at least<br />
two deep-pocketed AMC fans in Indy this year, however, as this is an expensive<br />
result. Then again, it would be hard to find another Rebel Machine as clean and<br />
well restored as this one.<br />
COURTESY MECUM<br />
1973 Chevrolet Camaro Z/28<br />
SOLD FOR $49,500 | LOT S56 | #2- CONDITION<br />
Chassis No. 1Q87T3N119596. White with black vinyl roof and black stripes<br />
over black vinyl. 350-ci, 245-hp V-8. 4-speed manual. Rally wheels, Wide Oval<br />
tires, spoilers, pushbutton radio, console, power steering, power brakes.<br />
EVALUATION Older Restoration | Spotless, fresh engine bay. Unfortunate, tiny<br />
crack near the top of the nose but otherwise fantastic new paint. Very good interior.<br />
This is a fresh-looking<br />
and gorgeous car even if<br />
it doesn’t have the performance<br />
of an earlier second-gen<br />
Z.<br />
BOTTOM LINE A ‘73 Camaro,<br />
even a Z/28, hardly<br />
ever gets such royal<br />
treatment in a restoration,<br />
since they were emissions-choked.<br />
Sold for the exact same $49,500 at Barrett-Jackson Scottsdale<br />
seven years ago. It was lucky to get such a strong number in 2012, and—even<br />
luckier to get it now.<br />
93
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1979 Ferrari 308 GTS<br />
SOLD FOR $47,300 | LOT U73.1 | #3 CONDITION<br />
Chassis No. F106AS28683. Rosso Corsa over black and red leather, Speedline<br />
wheels, Daytona-style seats, power windows, air conditioning, Alpine CD stereo.<br />
EVALUATION Unrestored Original | Sound but not high-quality older repaint.<br />
Odd cracking on the right A-pillar. Dirty engine bay, at least by Ferrari standards.<br />
Dull exterior plastic. Newer seats, but the switchgear is lightly worn. Represented<br />
with 32,900 actual miles, but no other info at all. It’s a driver-quality 308 at best,<br />
and it doesn’t take a psychic to predict that given the condition and lack of service<br />
history, it has some hefty bills in its future.<br />
BOTTOM LINE Hammered not sold at a $50,000 high bid at Mecum Monterey<br />
last year, which was a perfectly fair offer for a mediocre 308. The crowd in Indy<br />
was even less generous, but not unfair.<br />
COURTESY MECUM<br />
1966 MGB Mk I Roadster<br />
SOLD FOR $18,700 | LOT T54 | #2- CONDITION<br />
Chassis No. GHN3L86850. British Racing Green over black vinyl. Centerlock wire<br />
wheels, dual fender mirrors, tonneau cover, banjo-style steering wheel, heater.<br />
EVALUATION Older Restoration | A few light scratches on the front bumper, two<br />
small dents in the right body-side trim, and a few small scratches on the hood, but<br />
the paint is very good overall, as is the chrome. Very clean and restored underneath.<br />
Very good restored interior with<br />
no serious wear. Wear on the windshield<br />
frame. A very good, if not flawless early B<br />
treated like a more valuable car than it is.<br />
BOTTOM LINE When it comes to<br />
MGBs, the gap between driver-quality<br />
cars and excellent cars is a big one. Drivers<br />
can be had for somewhere around<br />
10 grand, and really good ones for around 20. Considering the quality of the<br />
restoration on this one but also its age and use, it brought a spot-on price.<br />
94
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1978 Mercury Bobcat Villager<br />
Station Wagon<br />
SOLD FOR $12,650 | LOT F11 | #3+ CONDITION<br />
Chassis No. 8T22Z500713. White and woodgrain over blue vinyl and plaid<br />
cloth. V-6, narrow whitewall tires, roof rack.<br />
EVALUATION Visually Maintained, Largely Original | Older repaint peeling on the<br />
front fender, and there is a fisheye in the left mirror. Pitting on the window trim.<br />
Scratches on the rear window trim. Pitting<br />
on the roof rack. Very clean interior. The<br />
22,680 miles are represented as actual.<br />
BOTTOM LINE When was the last time<br />
you saw a Pinto–based Mercury Bobcat<br />
in any kind of condition, let alone with<br />
barely 20,000 miles? Anything over 10<br />
grand seems like a strangely high price for this car, but considering that Gooding<br />
& Company sold an even more immaculately preserved ‘74 LTD Country<br />
Squire wagon back in March for $45,920, it doesn’t seem quite so ridiculous.<br />
1958 DeSoto Firesweep Sportsman<br />
SOLD FOR $46,200 | LOT F56 | #3+ CONDITION<br />
Chassis No. LS13701. Coral with white roof over brown, beige and tan. 250-ci, 280-<br />
hp V-8. Wheel covers, whitewalls, dual mirrors, dual antenna, pushbutton radio.<br />
EVALUATION Unrestored Original | Represented as a two-owner, matching-<br />
numbers car with 32,448 actual miles. Tired but presentable original chrome.<br />
Light pitting around the taillights. Sound original paint with some rub through<br />
on the hood, a handful of small dents on the body sides, and a few small scratches<br />
throughout. Original but tidy and maintained underneath. Very good original<br />
interior with clear plastic covers on the front seats. A remarkably well-preserved<br />
car that’s arguably too good to restore.<br />
BOTTOM LINE And at this price, it’s also too expensive to restore. This number<br />
would buy one that has already been redone.<br />
COURTESY MECUM<br />
95
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1967 Ford Bronco U13 Roadster<br />
SOLD FOR $115,500 | LOT F106 | #2+ CONDITION<br />
Chassis No. U13NLA45076. Rare doorless roadster model (only built until 1968)<br />
finished in Poppy Red over white vinyl, 289-ci, 200-hp V-8. 3-speed manual.<br />
Wheel covers, AM/FM radio.<br />
EVALUATION Recent Restoration | Spotless engine bay. Very good paint and<br />
chrome. Excellent interior. Nothing to nitpick. Just a rare 289 U13 roadster with<br />
627 miles since a thorough body-off restoration.<br />
BOTTOM LINE There were<br />
two U13 roadsters here. This<br />
was by far the better example,<br />
as reflected in the whopping<br />
$96,800 price difference between<br />
the two. For the seller,<br />
all that time, effort, and money<br />
in getting the details right<br />
during restoration certainly<br />
paid off. In the grander scheme of things, it’s a way-over-the-top result. Firstgen<br />
Bronco prices seem to be plateauing, as they were bound to do eventually,<br />
but nobody told the person who bought this one.<br />
COURTESY MECUM<br />
1973 BMW 3.0 CS<br />
SOLD FOR $42,350 | LOT T53 | #3 CONDITION<br />
Chassis No. 2250587. Blue over blue interior. Kumho tires, automatic, power<br />
windows, Nardi wood-rim steering wheel.<br />
EVALUATION Visually Maintained, Largely Original | Represented with recent<br />
engine work, but it looks all original under there and a bit grimy, although the<br />
transmission was supposedly rebuilt. Large scratch on the left front and a few<br />
small chips on the passenger’s<br />
door, but the paint is the car’s<br />
biggest strength. Unrestored<br />
underneath but has newer<br />
exhaust. Good seats, lightly<br />
worn switchgear. Just a driver,<br />
no more and no less.<br />
BOTTOM LINE While it’s a<br />
far cry from the high-winged,<br />
race-bred 3.0 CSL, the more pedestrian U.S.-market 3.0 CS is a surprisingly valuable<br />
car, and not many are left since they were rust-prone. The bidders ignored<br />
this one’s transmission choice but didn’t get carried away, either, resulting in a<br />
number that is fair to both buyer and seller.<br />
96
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1988 Porsche 911 Turbo<br />
SOLD FOR $132,000 | LOT S251 | #3+ CONDITION<br />
Chassis No. WP0JB0931JS050410. Black over black leather, factory slant nose,<br />
aftermarket exhaust, polished chrome Fuchs wheels, air conditioning, rear defrost,<br />
power seats.<br />
EVALUATION Unrestored Original | Represented as a three-owner factory slant<br />
nose with 29,721 actual miles. The body looks clean and good, but the wheels<br />
are beginning to lose their black paint. The weather stripping is still soft and<br />
dark, as is the rear spoiler.<br />
The engine bay has been<br />
detailed. The driver’s seat<br />
has large cracks but is free<br />
of tears.<br />
BOTTOM LINE A factory<br />
slantnose (as opposed to<br />
an aftermarket conversion)<br />
can fetch a 30 percent premium<br />
over a contemporary 911 Turbo, so this is a relatively modest result. Only<br />
the cleanest, lowest-mile 930-generation Turbos have been getting strong prices<br />
lately, however, and this one is unfortunately neither of those things, even if<br />
it isn’t a bad car.<br />
COURTESY MECUM<br />
1990 Chevrolet Corvette Convertible<br />
SOLD FOR $24,200 | LOT T129 | #2- CONDITION<br />
Chassis No. 1G1YY3387L5110574. Turquoise Metallic with pink graphics over<br />
black leather.<br />
EVALUATION Unrestored Original | Represented as an official Indianapolis 500<br />
festival car (specially decorated cars used in the parade that precedes the race,<br />
not to be confused with a pace car) with 2,995 miles. Looks new other than light<br />
wrinkling to the seats and light<br />
age to the paint. Festival cars<br />
don’t differ materially from a<br />
standard Corvette—it’s just<br />
graphics.<br />
BOTTOM LINE Just graphics,<br />
but limited-production and official<br />
association with the race<br />
make them collectible. This<br />
one got about twice what a run-of-the-mill 1990 convertible in this condition<br />
would expect to bring. It certainly didn’t hurt that the car was being auctioned<br />
in Indianapolis. The seller was wise to bring it here.<br />
97
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1967 Volkswagen Beetle<br />
SOLD FOR $19,250 | LOT T47 | #3 CONDITION<br />
Chassis No. 117777588. Blue over black<br />
vinyl, whitewalls, roof rack, 12-volt electrics,<br />
1300-cc flat-four.<br />
EVALUATION Enthusiast Restoration |<br />
Average-quality respray with dirt and a<br />
scratch on the hood as well as chips around<br />
the fitment of the roof rack. Scratches and<br />
dents on the window trim. Track scratches<br />
in the side glass. Grimy but maintained<br />
engine bay. New vinyl seats. Visible rust on the backs of the bumpers. Lightly<br />
scratched wheels. A driver-quality Beetle.<br />
BOTTOM LINE One wouldn’t have to look far to find a better Beetle for the<br />
same money.<br />
COURTESY MECUM<br />
1966 Pontiac GTO<br />
SOLD FOR $90,750 | LOT F287 | #3 CONDITION<br />
Chassis No. 242176P326780. Starlight Black with black vinyl roof over black vinyl,<br />
389-ci, 360-hp Tri-Power V-8. 4-speed, 3.55 Safe-T-Track rear differential. Center<br />
console, power steering, bucket seats, hub caps, Redline tires, power windows.<br />
EVALUATION Unrestored Original | The 35,115 miles showing are represented<br />
as original. Remarkably good original paint and interior. The black vinyl roof is<br />
in good condition as well. Some pitting around the rear window trim, but the<br />
rest of the brightwork is in good condition. Some paint chipping and oxidation<br />
under the hood, but nothing is rotten. The wheel wells are in good condition. A<br />
gracefully aged survivor with desirable equipment. Too good to restore.<br />
BOTTOM LINE Something is only original once, and that resonated with the<br />
bidders here. Even a concours-restored ‘66 GTO would be lucky to fetch as<br />
high a bid.<br />
98
AUCTION REPORT | MECUM INDIANAPOLIS<br />
1953 Chevrolet Series 3100 Pickup<br />
SOLD FOR $49,500 | LOT S55 | #2- CONDITION<br />
Light green with dark green fenders over tan. Inline-6. 4-speed. Oak bed, tinted<br />
glass, chromed running boards, fog lights, artillery wheels with hub caps and<br />
whitewalls, later cassette stereo, 12-volt electrics.<br />
EVALUATION Older Restoration | Solid and clean paint, chrome and wood<br />
bed. Some of the Chevrolet script on the tailgate is peeling. Engine bay has<br />
been fully redone and is very clean aside from a few fluid leaks. Restored in<br />
2001, but clearly not used very much since. A charming, honest vintage pickup.<br />
BOTTOM LINE A lot of classic pickups keep getting more and more expensive,<br />
but this result seems well ahead of the curve, especially for a restoration<br />
that’s so old.<br />
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AUCTION REPORT<br />
MECUM HOUSTON<br />
D<br />
espite what you may assume about Texas—and the fact that<br />
Houston’s NRG convention center also hosts the world’s largest<br />
livestock show and rodeo—Mecum’s annual sale here isn’t<br />
all pickup trucks and Camaros. This year’s 1001 lots included everything<br />
from late-model exotics and vintage Porsches to a 2006 Chevy school bus.<br />
The most interesting vehicles came from the collection of Guatemalan<br />
businessman Mario Sueiras. His eclectic assortment of microcars, prewar<br />
American luxury, and ’60s muscle cars were offered at no reserve. In all,<br />
Mecum sold 725 lots at an accessible average price of just over $25,000.<br />
COURTESY MECUM<br />
1965 Austin-Healey 3000<br />
Mk III Ph2 Convertible<br />
SOLD FOR $33,000 | LOT S85 | #3+ CONDITION<br />
Chassis No. HBJ8L29264. A final-series, Phase II Big Healey from the Mario<br />
Sueiras collection, finished in white over red with a black top. Painted wire<br />
wheels, dual wing mirrors, boot cover, banjo-style steering wheel, BMC radio,<br />
Lucas driving lights, badge bar.<br />
EVALUATION Enthusiast Restoration | Tidy and restored but used engine bay.<br />
The grille and bumpers are a bit dull; the paint is good but older. The driver’s<br />
door sticks out, and the weather stripping is coming loose. The driver’s-side<br />
outer seat bolster is worn and lightly ripped, but the rest of the interior is good.<br />
A casual driver.<br />
BOTTOM LINE This isn’t a great Healey, but it’s a better one than this low<br />
no-reserve result suggests. The new owner got a sweet deal on a car that’s<br />
ready for enjoyable weekend drives.<br />
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AUCTION REPORT | MECUM HOUSTON<br />
1998 Ferrari 550 Maranello<br />
NOT SOLD AT AN $80,000 HIGH BID | LOT F116 | #3 CONDITION<br />
NART Blue over white leather. Modular wheels, Michelin tires, clear bra on the<br />
nose, 6-speed manual, Tubi exhaust, Kenwood CD stereo.<br />
EVALUATION Original | Showing 49,214 miles and represented with a belt service<br />
last year. There are several chips on the nose and hood, including under<br />
the clear bra. Tiny dent on the passenger’s door. The rest of the paint is lightly<br />
scratched from detailing, and there are a few larger cracks on the trunk lid.<br />
Lightly wrinkled driver’s seat and lightly warped dash top. A late stick-shift Ferrari<br />
GT car is inherently collectible,<br />
but by Ferrari standards<br />
this is a rough car.<br />
BOTTOM LINE The 550 is still<br />
a decent value in terms of performance<br />
and style—especially<br />
since V-12 stick-shift cars have<br />
gone extinct. In the right condition,<br />
it can be a six-figure car.<br />
But a worn one doesn’t deserve much more than the reported high bid here. It<br />
should have sold at this price.<br />
COURTESY MECUM<br />
2002 Ferrari 575M Maranello<br />
SOLD FOR $83,600 | LOT F158.1 | #2- CONDITION<br />
Chassis No. ZFFBV55A220126972. Grigio Titanio over black leather. Michelin<br />
tires, Daytona-style seats, factory radio, clear bra on the nose.<br />
EVALUATION Original | Represented with 15,000 miles and a service 800 miles<br />
ago. Very good paint. Clean wheels. Light wrinkling to the driver’s seat. Pampered<br />
in typical Ferrari fashion and seldom driven.<br />
BOTTOM LINE This auction regular sold here last year for $99,000, then reeled<br />
off no sales in quick succession: Monterey at an $85,000 high bid, Dallas at<br />
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AUCTION REPORT | MECUM HOUSTON<br />
$90,000, Kissimmee at $80,000, Glendale at $70,000. All modest numbers for a<br />
low-mile 575, but a Bring a Trailer online listing reveals the CARFAX reported<br />
damage to the right front in 2006. The seller decided to cut losses and drop the<br />
reserve, which was a prudent choice.<br />
2001 Dodge Viper RT/10 Roadster<br />
SOLD FOR $24,750 | LOT F174 | #3- CONDITION<br />
Chassis No. 1B3ER65E31V702791. Viper Red over black leather. Nitto tires,<br />
CD stereo.<br />
EVALUATION Original | Later RT/10 offered on salvage title—might be a victim<br />
of Hurricane Harvey or one of the other flood events in Southeast Texas. A little<br />
dirty underneath. Wrinkled seats.<br />
Some cracks on the nose, and<br />
the paint on the hardtop is very<br />
tired. Looks like a used car despite<br />
showing only 18,202 miles, and the<br />
title issue is of course a red flag.<br />
BOTTOM LINE This car sold for<br />
$30,800 at Mecum Dallas in 2016,<br />
and although it looks decent, it<br />
will never be able to escape the salvage-title stigma. It’s destined to trade for<br />
rock-bottom dollars.<br />
2000 BMW M Coupe<br />
SOLD FOR $12,100 | LOT F224 | #4+ CONDITION<br />
Chassis No. WBSCM9341YLC61535. Black over black and gray. Aluminum<br />
wheels, Kumho tires, S52 (3.2-liter, 240 hp) engine, power windows, air conditioning,<br />
CD stereo.<br />
EVALUATION Original | Showing 178,651 miles, but even without looking at<br />
COURTESY MECUM<br />
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AUCTION REPORT | MECUM HOUSTON<br />
the odometer it’s easy to see that<br />
the car is clapped out. No service<br />
history represented. The paint is<br />
rough even from a distance, with<br />
numerous chips and scratches.<br />
Light crack on the left rear wheel,<br />
and the tires look old. Lightly worn<br />
seats and dull, faded seatbelt<br />
buckles. M Coupes can bring big<br />
money these days, but it’s the ones with the more powerful engine, far fewer<br />
miles, and much better condition that get the attention of deep-pocketed buyers.<br />
BOTTOM LINE This is probably the lowest price anyone has paid for an M Coupe<br />
in a while, but it bought a thoroughly worn-out car.<br />
COURTESY MECUM<br />
1971 Jaguar E-Type SII Roadster<br />
NOT SOLD AT A $70,000 HIGH BID | LOT F238 | #3+ CONDITION<br />
Chassis No. P1R12662. White over black leather. Chrome wire wheels, Goodyear<br />
tires in back, store brand tires in front. Boot cover, Nardi wood-rim steering<br />
wheel, wood shift knob, factory pushbutton radio.<br />
EVALUATION Visually Maintained, Largely Original | Represented with 12,710<br />
believable miles and original other than a repaint 20 years ago. Tidy, maintained,<br />
and correct engine bay. The paint is starting to show its age, but it’s sound<br />
and has no major blemishes other than some discoloration below the driver’s<br />
door. Erratic panel fit. Lightly aged leather, but there’s no reason to replace it.<br />
The dash and switchgear are very good. Tidy underneath. Dull but presentable<br />
chrome. An attractive, usable Series II E-Type.<br />
BOTTOM LINE While it is commendably well-preserved, it’s not quite a “timewarp<br />
car” survivor. And, no matter the condition, a Series II E-Type isn’t as desirable<br />
as a Series I. The reported high bid wasn’t generous, but it was fair—and<br />
it’s not likely to get much higher at another venue.<br />
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AUCTION REPORT | MECUM HOUSTON<br />
1993 Rolls-Royce Silver Spur II<br />
SOLD FOR $16,500 | LOT F265 | #2- CONDITION<br />
Chassis No. SCAZN02D0PCX46277. Light blue with dark blue vinyl roof over<br />
beige leather piped in blue. Wheel covers, narrow whitewalls, rear seat tables,<br />
cassette stereo.<br />
EVALUATION Unrestored Original | Well-kept Florida car showing 51,175 miles.<br />
All the interior lights and power features work. Dull brightwork. Two small chips<br />
in the clear coat on the left<br />
front but mostly good, original<br />
paint. Clean roof vinyl.<br />
Very good interior with remarkably<br />
nice leather and<br />
wood, but the controls for<br />
the power seats are worn.<br />
BOTTOM LINE Silver Spurs<br />
have been a low-cost ticket<br />
to Rolls ownership for years<br />
now, and many of them are very rough and neglected as a result. Although this<br />
one looks well-taken care of, it doesn’t have a service history represented, which<br />
is a concern. A four-figure shop bill could very well be right around the corner.<br />
The bidders seem to have prudently taken that into account with this middle-ofthe-road<br />
price for an otherwise good-looking car. It sold for the same amount at<br />
Auburn Fall two years ago.<br />
COURTESY MECUM<br />
1986 Toyota Land Cruiser FJ62<br />
SOLD AT A $31,900 HIGH BID | LOT F298 | #2 CONDITION<br />
Chassis No. FJ62052533. White over brown vinyl and pattern cloth. All-Terrain<br />
T/A tires, 5-speed manual, Old Man Emu offroad suspension, aftermarket Blaupunkt<br />
stereo, power windows, air conditioning.<br />
EVALUATION Truck Restoration | Foreign-market FJ62 represented as a recent<br />
restoration. Very clean but not overly detailed engine bay. New exhaust. Lightly<br />
scratched bumpers and<br />
window trim. Fresh paint<br />
looks very good, and the<br />
restored frame is nearly<br />
spotless. Very good interior<br />
with newer upholstery.<br />
Nearly like new.<br />
BOTTOM LINE FJ62s are<br />
starting to get old enough<br />
that they’re transitioning<br />
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AUCTION REPORT | MECUM HOUSTON<br />
from rugged workhorse to collector truck, so we shouldn’t be surprised if we<br />
start seeing more restored examples hitting the market soon, especially if they<br />
keep selling for prices like this.<br />
2017 Shelby F-150 Super Snake Pickup<br />
SOLD FOR $89,100 | LOT S160 | #2 CONDITION<br />
Chassis No. 1FTEW1CFXHFC21849. Shelby Blue with white stripes over<br />
black leather. Sunroof, chromed wheels, Toyo tires.<br />
EVALUATION Original | 321 miles and essentially new. Represented as truck 64<br />
of 110 built in 2017.<br />
instead, it depreciated like any other (very lightly) used truck.<br />
BOTTOM LINE Ford hasn’t<br />
offered a Lightning in years,<br />
but Shelby has scratched<br />
the muscle truck itch with<br />
the 750-hp Super Snake.<br />
The base price for this one<br />
two years ago was about<br />
$100,000. Given how rare it<br />
is, one could argue that it<br />
should have sold for more;<br />
1954 Chevrolet Corvette<br />
SOLD FOR $71,500 | LOT S171 | #2- CONDITION<br />
Chassis No. E54S003349. Sportsman Red over red vinyl. Spinner wheel covers,<br />
whitewalls, pushbutton radio.<br />
EVALUATION Older Restoration<br />
| Very clean but not overly detailed<br />
engine bay. Several small<br />
cracks in front of the hood. Otherwise<br />
good but older paint and<br />
chrome, although some of the<br />
window trim is a little dull. Good,<br />
lightly worn interior. Fully restored<br />
in 2008, but that probably<br />
wasn’t a concours-quality redo to begin with, and it’s starting to show its age.<br />
BOTTOM LINE The 1954 Corvette is essentially identical to the first-year ’53,<br />
but GM built more than 12 times as many and offered four colors instead of just<br />
Polo White. Discounted for the age of its restoration, this is still a fairly strong<br />
price for a ‘54. The seller should be pleased.<br />
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AUCTION REPORT | MECUM HOUSTON<br />
2012 Porsche 911 Turbo S Coupe<br />
Edition 918 Spyder<br />
NOT SOLD AT A $100,000 HIGH BID | LOT S201 | #2- CONDITION<br />
Chassis No. WP0AD2A94CS766209. Black and Acid Green over black.<br />
Black centerlock wheels,<br />
Acid Green calipers, Potenza<br />
tires, sunroof, clear bra on<br />
the front.<br />
EVALUATION Original |<br />
Number 34 of the small batch<br />
of special-edition 911s made<br />
for 918 buyers. Represented<br />
with 13,600 miles, so this<br />
wasn’t a collector’s garage<br />
decoration—someone actually drove it to tide them over while waiting for their<br />
hybrid supercar. There is a sizable scratch in the left front part of the nose, but it<br />
may not have made it down to the paint. Otherwise very good paint and interior.<br />
BOTTOM LINE Limited-production 911s tend to defy usual new car convention<br />
and get more expensive than MSRP very quickly, and yet there’s something a bit<br />
poseur-ish about buying an Edition 918 Spyder without actually owning a 918.<br />
That limits the appeal here. The high bid was well off the 160-grand original price<br />
but wasn’t unreasonable.<br />
COURTESY MECUM<br />
2000 Ferrari 360<br />
SOLD FOR $61,600 | LOT S41 | #3 CONDITION<br />
Chassis No. ZFFYU51A5Y0120207. Rosso Corsa over tan leather piped in<br />
black. Paddle shifters, Alpine stereo, books and tools.<br />
EVALUATION Original | The Scuderia shields are aftermarket, and the right one<br />
has paint chipping off it. The headlight lenses are cloudy, and there are lots of<br />
chips on the nose. The rest of the paint isn’t terrible, but by 20-year-old Ferrari<br />
standards it should be better. Slightly flattened driver’s seat, but interior is<br />
mostly good otherwise. The 360 is one of the more usable Ferraris, so this one’s<br />
34,687 miles aren’t unusually<br />
high, but it clearly<br />
wasn’t pampered along<br />
the way.<br />
BOTTOM LINE While<br />
easier to live with and<br />
maintain than the F355 it<br />
replaced, the 360 is still a<br />
modern, tech-heavy Fer-<br />
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AUCTION REPORT | MECUM HOUSTON<br />
rari, so this one’s wear and tear—and its lack of a service history—aren’t reassuring.<br />
The price was low, but no less than the car deserved.<br />
1956 Fiat 600 Multipla<br />
SOLD FOR $38,500 | LOT S52 | #2- CONDITION<br />
Chassis No. 202944. Two-tone green over green and white vinyl. Hubcaps,<br />
whitewalls, Veglia gauges. Among the least tiny of the tiny cars offered from the<br />
Mario Sueiras collection.<br />
EVALUATION Enthusiast Restoration | Dull grille trim. Good older paint, other<br />
than light cracking around the door hinges. Clean, lightly run engine. Good interior.<br />
A sound, basic restoration.<br />
BOTTOM LINE While few would<br />
call it elegant, the 600 Multipla is<br />
a charming little car that’s surprisingly<br />
roomy (they were popular<br />
taxis in their day), with space for a<br />
few friends. For casual enjoyment,<br />
this one needs nothing, and it<br />
brought a fair price for what it is.<br />
COURTESY MECUM<br />
1967 Austin Mini Cooper 1275S<br />
SOLD FOR $24,750 | LOT S56 | #3+ CONDITION<br />
Chassis No. CA2S7L931704. Blue with white roof over black vinyl. Fender mirrors,<br />
aftermarket steering wheel, hydrolastic suspension, Minilite wheels, Falken<br />
tires. From the Mario Sueiras collection.<br />
EVALUATION Older Restoration | Decent older chrome. Good older paint other<br />
than several big chips right behind the front bumper. The right side of the car<br />
sits slightly lower than the left. Tidy engine bay with a correct, S-spec 1275-cc<br />
four-cylinder. Excellent interior. Represented as a real-deal Cooper S with tons<br />
of charm.<br />
BOTTOM LINE A topnotch<br />
1275S can bring<br />
more than 40 grand.<br />
This, however, is a realistic<br />
number for a clean<br />
and correct car with a<br />
number of small issues.<br />
The seller can be satisfied<br />
with the price, and<br />
the buyer can go have<br />
a blast.<br />
107
AUCTION REPORT | MECUM HOUSTON<br />
1965 Honda S600 Roadster<br />
SOLD FOR $40,700 | LOT S57 | #2- CONDITION<br />
Chassis No. AS2851007397. Red over black vinyl. Hubcaps, narrow whitewalls,<br />
dual wing mirrors, wood-rim steering wheel, original radio. From the<br />
Mario Sueiras collection.<br />
EVALUATION Older Restoration | Good newer replacement top. Dull chrome.<br />
Good older repaint. Tidy, lightly used engine bay and underbody. Cracked steering-wheel<br />
center cap, but the rest of the interior is very good. A good, basic<br />
older restoration. Styling like an MG Midget and about the same size, but rarer<br />
as well as more sophisticated, and interesting with its twin-cam, four-carb engine<br />
and chain drive to the rear wheels.<br />
BOTTOM LINE This is a very high result, but it isn’t easy to find an S600 in any<br />
condition. And it was one of the nicest cars offered here from the Mario Sueiras<br />
collection. Mecum got even more for a restored S600 at Monterey in 2014, with a<br />
black over red car selling for $44,100.<br />
COURTESY MECUM<br />
1971 BMW 2002<br />
SOLD FOR $22,550 | LOT S87 | #2- CONDITION<br />
Chassis No. 2579949. Tan over brown vinyl. Wheel covers, Vredestein tires,<br />
aftermarket radio. From the<br />
Mario Sueiras collection.<br />
EVALUATION Enthusiast Restoration<br />
| Clean, correct engine<br />
bay. Older chrome, but very<br />
good, relatively fresh paint.<br />
Very good restored interior.<br />
The underbody looks restored,<br />
although there’s some dirt and<br />
grime, and the exhaust looks<br />
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AUCTION REPORT | MECUM HOUSTON<br />
almost brand new. A basic car, equipment-wise, and finished in boring colors,<br />
but it’s well-kept and has those attractive round taillights.<br />
BOTTOM LINE A deservedly strong result for one of the nicer, driver-quality<br />
2002s you’ll see. If it wore a more exciting ‘70s color (Inka Orange, perhaps) it<br />
conceivably could have brought even more.<br />
1955 Jaguar XK 140 Fixed Head Coupe<br />
SOLD FOR $74,800 | LOT S89 | #2- CONDITION<br />
Chassis No. W32868. Ivory over red leather. Painted wire wheels, whitewalls,<br />
Lucas driving lights, spare, dual wing mirrors, leather hood strap. From the<br />
Mario Sueiras collection.<br />
EVALUATION Older Restoration | Tidy, lightly run engine bay. Uneven door<br />
gaps. Very good interior. Very good but not show-quality older paint. Undercarriage<br />
looks like it was restored some time ago. Attractive colors and mostly<br />
very good presentation, other than a few details. A great car for driving events.<br />
BOTTOM LINE Appropriate result for an attractive but older restoration of a<br />
fixed-head coupe. It’s one of the better cars out of this collection, and it brought<br />
one of the strongest results.<br />
COURTESY MECUM<br />
1977 Ferrari 308 GTS<br />
SOLD FOR $44,000 | LOT S91 | #3 CONDITION<br />
Chassis No. 23003. Rosso Corsa over black and red leather. Cromodora wheels,<br />
later added Scuderia shields, later digital stereo, power windows, air conditioning,<br />
aftermarket exhaust, Clifford alarm system. From the Mario Sueiras collection.<br />
EVALUATION Unrestored Original | Showing 96,401 km (59,900 miles). Dirty but<br />
maintained engine bay. Lightly wrinkled seats. Dull switchgear. Dull bumpers<br />
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AUCTION REPORT | MECUM HOUSTON<br />
and slightly tired but presentable<br />
paint. A desirable early<br />
carbureted 308 in good colors,<br />
but a used one with no<br />
history represented.<br />
BOTTOM LINE Discounted<br />
heavily for its level of use and<br />
its murky history, which is fair.<br />
The new owner has money left over for the thorough and expensive sorting that<br />
this 308 will likely need.<br />
1953 Nash-Healey LeMans Roadster<br />
SOLD FOR $82,500 | LOT S94 | #3+ CONDITION<br />
Chassis No. 2378. Red over beige leather. 4140-cc, inline 6-cylinder. Wire<br />
wheel covers, whitewalls, dual wing mirrors, pushbutton radio, side curtains,<br />
spare. From the Mario Sueiras collection.<br />
EVALUATION Older Restoration | Matching numbers. Tidy but clearly used engine<br />
bay. Dull older chrome. The mirrors are incorrect (they look to be from a<br />
Jaguar). The shifter is incorrect as well. The door is tough to get open. Good but<br />
older paint and brightwork. Lightly wrinkled seats.<br />
BOTTOM LINE Just 162 of these exquisite, hand-built Italo-Anglo-American<br />
hybrids were built in 1953, and this one, despite a bunch of little problems, is<br />
a fundamentally good example. Considering their rarity and Pinin Farina lines,<br />
they’re not worth very much. If they had something Italian under the hood,<br />
they would probably sell well into six figures these days. Of course, one of the<br />
reasons Healey partnered with Nash was for practical but not particularly exotic<br />
American running gear. Given the age of the restoration, some incorrect<br />
details, and the lack of any type of history with this car, this is a realistic result.<br />
COURTESY MECUM<br />
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AUCTION REPORT | MECUM HOUSTON<br />
1969 Jaguar E-Type SII Roadster<br />
SOLD FOR $52,250 | LOT S96 | #3- CONDITION<br />
Chassis No. 1R9602. Red over black. Wire wheels, modern Michelin tires, boot<br />
cover, wood-rim steering wheel, later radio.<br />
EVALUATION Visually Maintained, Largely Original | Terrible bumper chrome,<br />
especially the rear bumper. Long, light scratch on the left side of the hood and<br />
chips at the back of it. Reasonably tidy engine, but the frame is dirty and oxidized.<br />
Decent original interior,<br />
other than lightly wrinkled<br />
and cracked seats. The<br />
doors stick out a little. Not an<br />
eyesore, but not an E-Type<br />
you’d be too proud of. A restoration<br />
would be relatively<br />
straightforward, though.<br />
BOTTOM LINE And at this low but perfectly reasonable result, the new owner<br />
isn’t too far into the car to invest on said restoration.<br />
1973 Citroën SM<br />
SOLD FOR $55,000 | LOT T67 | #3+ CONDITION<br />
Chassis No. 00SD0265. Blue over black. Wheel covers, Goodyear tires, power<br />
windows, factory air conditioning, later JVC stereo.<br />
EVALUATION Visually Maintained, Largely Original | Represented with an up-todate<br />
service. Tidy engine bay. Lightly scratched bumpers. Old respray with flecks<br />
in the paint. Well-kept original interior. Unrestored but tidy underneath. Good<br />
enough for casual fun, provided everything works (especially the hydropneumatic<br />
suspension, fingers crossed), but nothing more serious than that.<br />
BOTTOM LINE Gooding sold this car for $81,400 in Scottsdale two years ago,<br />
but this is a much more realistic price.<br />
COURTESY MECUM<br />
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AUCTION REPORT | MECUM HOUSTON<br />
1966 Chevrolet Corvette L72 Coupe<br />
SOLD FOR $90,200 | LOT S114 | #2- CONDITION<br />
Chassis No. 194376S111647. Mosport Green over black leather. 427-ci, 425-<br />
hp L72 V-8, 4-speed, centerlock wheels, Goldline tires, side exhaust, teakwood<br />
steering wheel, Vintage Air<br />
aftermarket air conditioning,<br />
power steering, power<br />
brakes, later radio.<br />
EVALUATION<br />
Older Restoration<br />
| Represented as<br />
matching numbers, but without<br />
supporting documentation<br />
on hand. Restored<br />
but used underneath. The<br />
chrome is a little tired and<br />
the headlight doors are a little uneven. Uneven door gaps. Very good older<br />
paint other than a few small chips behind the passenger’s door. Very good, fully<br />
restored interior. A fundamentally attractive car that received a body-off restoration<br />
at some point and has a lot of good equipment.<br />
BOTTOM LINE This price is a fair balance between the desirable equipment,<br />
the age of the restoration, and aftermarket features.<br />
1967 Shelby GT350 Fastback<br />
SOLD FOR $187,000 | LOT S120 | #2+ CONDITION<br />
Chassis No. 67200F40022. Wimbledon White with blue stripes over black vinyl.<br />
4-speed, Shelby Magstar wheels, Goodyear Speedway tires, power steering,<br />
power brakes, wood-rim steering wheel, pushbutton radio, hood pins.<br />
EVALUATION Recent Restoration | Represented as matching-numbers original<br />
engine and transmission. Documented history attests to one-family owner-<br />
COURTESY MECUM<br />
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AUCTION REPORT | MECUM HOUSTON<br />
ship from 1973 through 2016. Restoration finished in 2017 using NOS parts. Fully<br />
restored and nearly spotless<br />
engine bay. Excellent paint,<br />
chrome, and interior. A fantastic<br />
yet not overdone restoration—it<br />
looks fresh from the<br />
factory as opposed to unrealistically<br />
perfect.<br />
BOTTOM LINE Showable,<br />
fresh, gorgeous, and fast. It<br />
deserves this top-shelf price.<br />
1965 Lancia Flaminia Coupe<br />
by Pininfarina<br />
SOLD FOR $33,000 | LOT S92 | #3- CONDITION<br />
Chassis No. 826030001693. Silver over red leather. Hubcaps and trim rings, Talbot<br />
Berlin mirrors mounted on the fenders, pushbutton radio, Nardi wood-rim<br />
steering wheel. From the Mario Sueiras collection.<br />
EVALUATION Older Restoration | Grubby engine bay. Dull chrome and brightwork.<br />
High quality older paint. Scuffs and cracks in the taillights. Original leather<br />
is wrinkled and cracked, but the rest of the interior is holding up very well. Thick<br />
old undercoating on the chassis. Shiny paint and the handsome Pininfarina shape<br />
catch the eye, but this car has some issues.<br />
BOTTOM LINE Driver-quality price for a driver-quality car. Flaminias aren’t<br />
worth as much as their vowel-heavy name, Pininfarina lines, and powerful 2.8-<br />
liter V-6 would suggest. Provided it doesn’t have any needs that are too serious,<br />
this one’s a good value.<br />
COURTESY MECUM<br />
113
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