Gooding Auction - Aug 14&15 Pebble Beach

"SCM has learned that Gooding & Company has added five outstanding Italian consignments to its August 14 and 15 Pebble Beach auction."

1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod
1959 Ferrari 250 GT LWB California Spider Competizione
1954 Fiat 8V
1955 Maserati A6G/54 Berlinetta
1971 Lamborghini Miura S

More info:

http://www.sportscarmarket.com/articles/archives/2485

 

My additions

 

Same found here:

http://www.sportscardigest.com/gooding-pebble-beach-auction-2010-features-sefac-ferrari/

 

all,

Allot of big ticket Italian cars are on the market it seems, a quick scan of RM, Goodings, Kidston etc.. Reveals high quality, rare automobiles.

http://www.kidston.com/available.php

I wonder If the market can digest so much supply?

I know im getting controversial (again), but since Keith Martin went public predicting 140 mio usd in total for Monterey this year, I'll take the other side of it at sub 110 mio usd (and im not a world expert on collecting).

Caveat: i mean 110 mio usd of real sales (to end users), not sold only to appear at the same auction 1 year after. ref 1953 212 Ferrari at RM etc.

The global economy looking rough again. i don't buy the cars as gold argument, particularly as deflation is upon us. Anyhow, i have been slightly wrong 2 years ago, and did not expect the dip to reverse so abruptly, but ill take another try.

Slowly drifting downward.


Thoughts?


Full disclosure: im long collector cars and enjoying them, but this has got nothing to do with my views.
elad

 

Because each of these Ferraris is so very different, I think you would have a hard time proving your claim unless the very same car sold for less than in previous years.

Probably the best indication of the market would be Mercedes-Benz 300 SL sales, but then these would need to be analyzed, graded and valued with regard to inflation and exchange rates. It would be an interesting exercise which IMO a publication like SCM could take on.

Total weekly sales might have more to do with reserve prices or the amount of cars on offer versus individual car prices. Don't forget Mecum is now a player in Monterey and inflation will always produce higher prices year after year.

 

I agree there are a lot of rare Ferraris coming up in the next 60 days.

It will be interesting to see if prices can be sustained at the level
of the RM Auction in Monaco in May. It seems that there is no
end to the amount of cars---question is "Will there be no end
to the money to buy them?"

At these levels, I think there will be a good portion of unsold items.

I guess we all will know soon enough--as the economy looks very uncertain.

Ken Goldman

 

Not trying to press my point, but i cannot recall in recent times such influx of rare and high-end cars. Testing times for the auction crowd to get all these great offerings chnage hands in one weekend.



A few (by no means complete or final list):

http://www.kidston.com/view_car.php?id=119

http://www.kidston.com/view_car.php?id=120

http://www.kidston.com/view_car.php?id=121

http://www.anamera.com/en/detail/car/88590/index.html?no_cache=1&ret=202

http://www.anamera.com/en/detail/car/87214/index.html?no_cache=1&ret=202

http://www.anamera.com/en/detail/car/87207/index.html?no_cache=1&ret=202

http://www.goodingco.com/current_auction

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r245&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r269&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r343&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r272&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r312&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r333&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r339&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r245&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r340&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r238&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r244&fc=0

http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r337&fc=0

http://www.anamera.com/en/detail/car/87577/index.html?no_cache=1&ret=63

 

There will be more excellent offerings announced shortly

I believe you will be surprized how many good cars will be absorbed

I know several clients already on the good Ferraris, myself included

Optimistic big time !! Keith Martin prediction is not out of line.

Goodings low estimate at the sale is at 60 million already in a perfect world, 100% sale.

 

What is the guess $$$ on this one??

http://www.anamera.com/en/detail/car/88590/index.html?no_cache=1&ret=202


I am in to $27k, maybe $28k .. What are my chances?

 

You should buy the Bucciali!

Best,
Stu Schaller

 

340 Mexico and 375 MM PF Berlinetta.
I will definitely be watching these auctions with great interest.

 

The key to the current market is demographics. There are still plenty of folks in their prime earning years 55-70 that want this stuff. Long term I am not optimistic but for the next 5-7 years good times for these cars.

I recently judged the 100 years of Alfa Romeo Concour in Frederick MD and looked around 95% of the crowd was 60 +. Very few folks in their 40's and 50's. Almost no one under 40.

 

Wondering if we were at the same event - I had two cars there. Quite the contrary to your experience, I was impressed by the spread of age groups. There were the usual retirees and guys in their 50s who have both money and energy, but also many, many younger guys for whom an Alfa is an affordable step into they collector car world. In a decade or two these guys will be hunting for old Ferraris.

 

The market looks sound and solid to me, and I think that's why good cars are coming to market after a few relatively slow years. It's more likely now that a good car will find a fair price without potential embarrassment, although lesser quality is being mercilessly discounted. Isn't that the sign of a healthy market ?

Anyone who remembers the '70s has seen this economy before. There are hints of deflation, but more likely we are heading into stagflation. The recipe for the government is simple: add huge disincentives to entrepreneurship, then pump in lots of liquidity in an attempt to cover up the decline. There aren't any safe places to invest any more, so might as well enjoy assets that improve the quality of life and hold some promise of wealth preservation when inflation hits. I'm with Galt myself.

 

Fiat 8V #00061 is for sale since last year
Ferrari 250 GT #2845 GT has some 'originality' Problems
Maserati 200 S #2401 is for a veeery looong time for sale

 

I would guess there are many nice cars available due to the economy but the "good ones " are sold before they get to auction.

That said Monterey is such a large event and world draw, nowhere else do you get 4-5 sports car auctions all in one weekend. They always get a good turn out of cars and people/money.

It's just a matter of time before the state puts some silly type of tax on the event.

 

This is a unique (one of 2), beautiful car: 500 Mondial Berlinetta: http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO10&CarID=r340. The other one is with Jon Shirley.

 

Not always!

 

But selling at reserve is another issue. Interesting times.

 

There's plenty of money out there for the "right" cars, particularly if they appear with reasonable and not ridiculous estimates / reserves. I would expect that the good cars will have no trouble finding new homes while the ones that have issues will struggle.

 

Correct - but its one of the very best of ALL 200S`s!

Ciao!
Walter

 

Is that best price, history or restoration?

 

The history of #2401 is unique.

Most 200SIs only have negligible race history, let alone works race history.

While most 200SIs have been driven by unknown private entrants #2401 has been driven by ALL works drivers except Fangio (who never drove a 200S), e. g. Moss, Behra, Taruffi, Villoresi, Bracco.

While most 200SIs took part only in minor races or hillclimbs #2401 competed in the Targa Florio, the MM, the Supercortemagiore, the GP of Venezuela (all as a works entry) and numerous other races.

While the history of many 200SIs is still unresearched #2401´s ownership and race history is gapless and unbroken and has been researched (with the help of members of this forum) like no other 200SI.

While the majority of 200SI have lost their original engine #2401 is one of the few 200SIsv(IMHO 10 or 11) which still retain their original engine, gearbox, rear axle.

Apart from these statistics #2401´s shape is unique as are many mechanical features e. g. front and rear axle. Being the prototype it was mentioned and pictured in many publications in its day.

I could go on and on.

It is without doubt the most important 200SI.

And where has it been for sale so long? It changed hand in February of 2007 and then again in April of 2009 and has not been advertised since.

Regards

Wolfi

 

I noticed Gil Nickel's car on the block......sad times.....I don't think $28K will do it....

 

History, genuity & restoration and therefor it deserves a high price!

Ciao!
Walter