2011 Monterey Dino auction results

Thought I'd start this temporary thread to summarize/update the auction results for Dino's in Monterey. I believe these are all hammer prices.

- 1974 246GTS SN 08272 (USA), the infamous `barn find' as mentioned in another thread sold for $270k @Mecum
--- http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CA0811-113434

- 1972 246GT SN ??? (Euro) sold for $120k @Mecum
--- http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CA0811-113229

- 1974 246GTS SN 07860 (USA) sold for $165k @Russo & Steele (SN 07860). This one shocked me because I got to look it over (including engine bay and front boot) while it was out on the street in the staging area. Nice paint job and seats, but there were lots of little inexpensive stuff that was neglected making it look rough (eg, hood bumpers half disintegrated, badly faded indicator light lenses, poor condition bumper chrome, the spare tire wheel was completely different finish than the 4 on the car, etc) and making me wonder what else had been neglected. Also, shouldn't a 74 have 4 red tail lights (this one had red plus amber on each side of rear like my 71 GT)?
--- http://www.russoandsteele.com/past-collector-car/1974-Ferrari-246-GTS-Dino/8711

- 1974 246GTS SN 07968 (USA)...awaiting RM to post auction results. I believe this is Shaughnessy's and RM had tagged with a $175-225k estimate range. It was positioned out in their staging area and I was too cheap to spend the $40 to look at it up close to see he had done with it since I considered the car last July.
--- http://www.rmauctions.com/FeatureCars.cfm?SaleCode=MO11&CarID=r186&fc=0

 

I'm sure that there will be plenty of discussion here. I'm not normally one to chime in on issues surrounding value but I will make exception regarding the barn find car. Sometimes to buy the steak and sometimes you buy the sizzle. I think this is a case of the latter where the car was nothing too special but the story around it coupled to the really agressive job that was done to market it yielded an extremely high price. Good job done by the seller.

 

It would be nice if the buyer would chime in and share his future plans for the car.
A wonderful source of originality that could become the "standard" for reference.
It is always enlightening to be made aware of concepts that are ignored by most, definitely by me, I dare say.
This Dino is most likely, the most expensive Dino in the past few years that I am aware of.

Why is it so valuable? Only curious and unschooled.

Regards. Alberto

 

Yes, indeed. To the new owner: PLEASE DO NOT RESTORE THE CAR. We need it to settle arguments.

Andres

 

I think the new owner will have to have it painted, as it was crazing badly everywhere. My experience is that eventually actual cracks form and moisture will get to the metal.
Otherwise it was a remarkable find-- unfaded mouse fur!!

 

Re the RM car- I looked at it but not super thoroughly. The engine was unrestored and dirty with the exception of the air box, filter canister, and coolant tank, which had been painted. Looked like a "spend the money where the buyer can see it" kind of car you'd want to have checked completely before purchase.

 

The Mecum GT "Euro" car was a puzzle to me-- it had a very early serial number but a supposed 1972 model year and a US steering column with the SN lightly imprinted.

The vertical portion of the rear trunk lid had a concave shape when viewed from above, so it stuck out behind the rear panel at the sides.

 

Correction and my apologies-- it was the Mecum Euro car that had the dirty engine.
It's SN is 00268 for anyone who is interested, and my photo of the SN stamp on the US steering column shows it to not be original.

 

00268 is a 206.

Is it possible that you have the serial # confused?

 

Could it be one of those fakes, welded together from two (or more) different cars of different generations, where nothing is correct anymore? We have seen a few of those before. If so, no wonder it was a puzzle to you, and no wonder it sold for a bargain price.

 

No, that car was restamped at one time, I am pretty sure that if you check some bodynumbers you will find that the car has a dark history.

 

From the description, ouch!

 

I looked at this car for quite a while. The SN was 00468, which should make it an early L series, which it clearly was not. Really had no features of an L series, though did have Euro lights and lacked exterior mirror(s). The rear deck lid was sprung, and the engine was filthy. Had cheapo no-name tires as I recall. $120K for this basket case was generous, to say the least.

 

Could be Auction Hanky Panky at work?

 

Do you have any pictures? This car was under the radar and not much is out there about what it is/what it was/what it looks like.

 

No pics. Sorry. It will be interesting to see if Sports Car Market reports on this sale in their post-Monterey issue. I know their comments will be accurate, and in this case, will likely be deservedly brutal. This car was truly a mess.

 

to the buyer:
please contact me, I could help to identify the correct chassis no. of this car
regards Matthias

 

Is it just me, or does it seem like the new owner overpaid for the Dino?

 

If it was SN 00468 then internal body # is 183 or thereabouts. I don't suppose Robert had a wrench on him to check
Was there anything "L" about the engine or gearbox you could see?
Andrew

 

Grossly, the top of the engine looked like the rest of the car, prob a European E-series. Interior wise, there were no features of an L-series. One thought I had- I seem to remember threads on F-Chat over the years that discussed Ferrari's chassis numbering, and that they may have skipped some numbers or even used early series numbers on later cars. Probably no way to know for sure, but could that possibly be the case here? Any comments Matthias?

 

Robert, that hasn`t been the case with any L-series.
Only two M-series Dino (with M-series chassis no.) left the factory as E-series.
They kept the Dinos initially in Maranello and transfered them at the beginning of E-series production to E-series Dinos (E-series engine & gearbox)

 

I am not knocking SCM as I am a subscriber and love it, but I own two cars that have been covered by them over the years and neither was described in what I would call a correct manner, and I am not just speaking about subjective condition judgements. We are talking about glaring errors. There is no way they can get it all right in the details when given the scope and size of results/cars to see.

I must have missed this car being advertised or just forgot, but I don't remember us speaking about it here. Was I the only one who didn't know about this car or was I just blinded by the barn find fun?

 

I have some pics but the house is being tented / fumigated so I won't be able to get to them until Thursday.
Sorry about the typo on the SN-- but my point was it was way too early to be a 1972 and the steering column stamp was not at all convincing as having been factory.

 

- 1974 246GTS SN 08272 (USA), the infamous `barn find' as mentioned in another thread sold for $270k @Mecum
--- http://www.mecum.com/auctions/lot_de...=CA0811-113434


A friend of mine bought this car. He is not on the computer regularly and doubt he will chime in, ever.

The car will be left alone

 

Not sure if you got a good look at the engine compartment but was the early or late chassis plate there? Chassis stamping - no photos of these on Mecum, be great to see some more pictures.
Shawn, I didn't notice this either - flew in under the radar a bit...
Andrew