Its January and that means auctions. So I thought a thread dedicated to all the auctions in Scottsdale would be useful to those of us who care about such things. Car prices are set by these auction so if you are in it for the bucks, here goes the roll of the dice. Step up to the roulette wheel and take a spin. Hey ya Hey ya ba da ba da yab a tab a. SOLD! A few things we know going into this casino is that the Europeans will be sitting this one out again, - they were out last year as well - with the Euro hovering around $1.07 to 1 Euro. Cars in dollars are way over priced for them. Same with our Canadian friends with their dollar in the tank. It takes only $0.70USD to buy one Loonie. They will be selling but not much buying. Here in the US the oil states are also sitting it out including Texas Oklahoma, the Dakotas and of course Alaskans. With a barrel of oil below $40 bucks, domestic oil is on hold and so are all those associated with it. That leaves folks who are nervous about putting their money in the Stock market and of course anyone in the Government business. With the printing presses running overtime those selling to the government have plenty of $$$. Now will most likely be a very good time to buy a "great" car, it won't be cheap but it will be on offer, like that 5000GT and the Vignale Spyder "one off." For me I like seeing what Maseratis are being offered. I enjoy looking them over to see how well they have been restored. I enjoy picking them apart, to myself, not to the owner. I never point out gigs or non original modifications to an owner unless they ask my opinion. Only then will I share the bad news or good news. Our good friend, the grandson of Mr Adolfo Orsi has a habit of picking cars apart in front of, and to the owners face without being asked, and this I know is not welcomed. The Auctions are one big Carnaval and I enjoy it for that alone. I also enjoy all the vendors, meeting up with people and seeing friends. RM Sotheby's Catalog To start off, I received my RM e catalog today and noted a few Maseratis on offer. First a very nice 5000 GT #140 in blue and red leather with a great history Catalog estimate of 1.5 to 2.0 million. Next a very rare Vignale Spyder one of the first few "one off concepts" # 101.505 painted dark red/Maroon over tan leather or most likely Cenape. Estimate 1.5 to 2.0 Million. Next are a couple Ghibli coupes a SS #115/49.1786 at $325 to $400 and a Black 4.7 # 115.532 looking a little rough at $200 to $250. Gooding is offering a late injected Vignale Spyder needing complete restoration non wires 5 sp estimate of $525 to $575. Does anyone know anymore about this car? I know you will, but please feel free to comment on these cars on offer and any others you see being offered that I missed. Lastly I will be in Scottsdale beginning Wed Jan 27th and will be staying at the Chaparral Suites If you in town give me a call, or ping me. Ciao, FGM PS For great Photos of the above cars here is a link to their ecatalog RM Sothebys
FGM, I will be in town for the auctions for the first time there and in Scottsdale period for that matter. Is RM the best venue?
Mistral $180k. Some of the results are already on the sale website, though not the Ghibli or the alloy 250 Ferrari which brought $1.3m . Auctioneers seemed to be having to work hard for the $$$ but quite a few cars not reaching their lower estimate - at least while I was watching. Regards. M
Here are a few results. 1986 MASERATI QUATTROPORTE III Bonhams : 1986 MASERATI QUATTROPORTE IIIDesign by Giorgetto GiugiaroVIN. ZAMBC1102GA305830 Engine no. 10998 Sold for US$ 39,600 inc. premium 1962 Maserati 5000 GT Coupe by Allemano Chassis no. AM103 040 Engine no. 040 1962 Maserati 5000 GT Coupe by Allemano | Arizona 2016 | RM Sotheby's Sold for $1,540,000 1971 FERRARI 365 GTB/4 DAYTONA BERLINETTA Sold for US$ 1,155,000 inc. premium Bonhams : 1971 FERRARI 365 GTB/4 DAYTONA BERLINETTA Chassis no. 14219 Engine no. B942 1970 Maserati Ghibli SS 4.9 Coupe by Ghia Chassis no. AM115/49 1786Engine no. SS2311 Body no. 10242 1970 Maserati Ghibli SS 4.9 Coupe by Ghia | Arizona 2016 | RM Sotheby's Sold for $330,000 1965 Ferrari 275 GTB by Scaglietti 1965 Ferrari 275 GTB by Scaglietti | Arizona 2016 | RM Sotheby's Chassis no. 07053Engine no. 7053Gearbox no. 188 Sold for $2,117,500 1960 Ferrari 250 GT Cabriolet Series II by Pinin Farina Chassis no. 2153 GTEngine no. 2153 GTBody no. 29798 1960 Ferrari 250 GT Cabriolet Series II by Pinin Farina | Arizona 2016 | RM Sotheby's Sold for $1,650,000 1966 Aston Martin DB6 Chassis no. DB6/2398/LEngine no. 400/2425 1966 Aston Martin DB6 | Arizona 2016 | RM Sotheby's Sold for $495,000
And Bonhams sold the Ghibli 4.7 with non matching engine for $275k including premium Bonhams : 1968 Maserati Ghibli 4.7 Coupe Chassis no. AM115.538 Engine no. AM115.720 Julian
The equivalent Ferrari (daytona) sold for almost 4 times that of the Maserati (ghibli). Still screwy after all these years.
You're not wrong but that was an exceptional low mileage Daytona vs a non matching higher mileage Ghibli A bit of softening in the market right now? Julian
For record purposes, this Bora needed a full repaint and major service. Oil leaks and carb leaks were prevalent. Original interior was very nice. I didn't get a good look at the underside.
The estimate was $525 - $575 and it sold for $473,000. Considering it is a late injected car with no wire wheels and who knows the condition of the transmission and engine this was perhaps a strong price. The glass was good and it looked like it was fairly complete although the trunk could not open. Add another 10% for sales tax and license + shipping cost. Add $250,00 to $300,000 for restoration cost and 18 months wear and tear on your nervous system, and you will have a nice Vignale Spyder. More coming.... Ciao, FGM Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
Bonhams had a nice Ghibli 4.7 Euro coupe with non matching engine. On wire wheels, nice original interior with good fit and finish. Mechanicals are not known so your bidding on a pig in a poke. If engine trans and suspension are in good shape, you have done well if not your under water. It had a low estimate of $320 to $360 and a hammer price of $260,000. Thats $60K under what the guy was willing to take. A late 4.0 liter Mistral coupe #109 A1.1742 on the other hand brought $198,000. The lo estimate was $150,000 to $200,000. A nice car that sold well. A 1986 Qport brought a strong $39,600 with a lo estimate of $30,000 to $40,000. It should be noted that Bonhams had a very nice venue, really the best of all the auctions that week. Lots of lawn, good parking. Ciao, FGM Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
After all the expenses it might be a nice Vignale spyder but it will still have a Sebring engine. Ivan
There is a really great ap available for free download called "Hammer Price" Gives all auction results in pretty much real time. check it out FGM
Agree with the above except the dash looked recovered, interior had new carpeting, not the original wool. Mileage 51,861 a patch in passenger side wheel well, rust?. several rust bubbles around the rocker panels, fluid leaks as mentioned plus what looked to be a mess around the LHM tank and accumulators, silicone caulk around the windshield trim, gavel at $170K - published estimate was $180k-$220K . Buyer in it for $187K with 10% vig. Well bought and sold, I believe. NOTE: many cars at Gooding did not meet their low estimate.
Sure thing. I had the luxury of showing up in the last hour of the preview Thursday night. Very few people there and I got the opportunity to get up close and personal. I must say that Gooding & Company is a first class outfit. They welcomed thorough inspections of their magnificent inventory, a far cry from some of the clowns at BJ that freak out when you breathe on their stuff.
Chris, Sounds good. No concrete plans yet, but would like to attend. If so, I will definitely get in touch.
What did we learn from Arizona Auction Week? This just in from Sports Car Digest website. "Overall, Hagerty reported preliminary overall results of $250.6 million, down 14.5 percent compared to 2015, with average sale prices down 13 percent. Hagerty noted an oversupply of several cars that have strongly appreciated in price in recent years. Nevertheless, a quarter of a billion in inventory changed hands, sell-through rates were healthy, many auction records were broken and several models performed much better than a year ago. And it should be noted that our eyes on the ground in Arizona noted a significant drop in the overall quality of consignments, especially in the overheated segments." Pretty much what I had sensed there on the ground. Ciao, FGM
