RM Auctions London Live Feed. 9.9.13.

Finally the Lusso is getting the respect it deserves. One of the most beautiful Ferraris of the 1960s for sure. Maybe not the greatest to drive but certainly among the most elegant and beautiful cars by Pininfarina...!

 

What about the Group 4 GTB?

 

Gtb/c unsold

 

575 GTC not sold at 230k..wow..that car is really not loved.

 

Can't believe the D Type didn't sell.

 

Did the 904 sell?

 

yes. I think GBP 1.1m hammer

 

Estimates for the collection were pretty high IMO.

 

Maybe this is the start of something? Important cars not selling! Could this signal a change in the classic car market? Thats the $64m question

 

Maybe this is the start of something? Important cars not selling! Could this signal a change in the classic car market? Thats the $64m question

 

The tree has stopped growing to The Sky.

 

Apparantly it has. To the disappointment of many I can imagine...

 

In my opinion it was the wrong place/auction to sell the Laidlaw-cars. The Goodwood sale next weekend would have been a better place.

 

Might there be issues specific to the Birdcage, GTB/C and D-Type that explain why they were not sold? Maybe the reserves were too high relative to their originality? In this context, it was interesting to see Birdcage # 2461 sell at RM Monterey for 1.9. No one seemed too shocked about that. Buyers are more educated than ever, which has to be a good thing. It would be interesting to see Birdcage # 2455, for example, sell at auction.

Jerry

 

Maybe, but it may signal that the cars are no longer trumping the location for the auctions, which MIGHT mean the beginning of a downward trend. In times of hysteria, it doesn't matter as much where you hold the auction. Now people might be thinking twice about it.

I'm probably wrong, though, and one isolated event a trend does not make.


Glad to hear the 904 sold, that was an amazing car. My favorite in all the collection.

 

I think the D-Type's history was pretty spotless. Not sure about the Birdcage. The GTB/C had issues, as discussed here previously. The 904 had a great history, too. The 250S which also sold was a great car too, no issues I think.

 

I personally attended the entire RM auction tonite in London.
The issue is that there were ZERO real bidders on the 275 GTB/C.
The reserve is GBP£ 2.3 M.
A friend of mine was the high bidder on the D-type Jag but he stopped at £ 4 M. The lower estimate is £ 5.5 M. Quite a bit more.
Consignor Lord Irvine Laidlaw is a multi billionaire and doesn't really need the money.
Several cars were estimated way too high.
It appears, that Laidlaw did purchase the 275 GTB/4.

Marcel Massini

 

Bonhams is at Goodwood, RM is not.

Marcel Massini

 

F40 sold for 270.000 GBP - that's only short over 300.000 Euro!
Anything wrong about the car? Friend of mine didn't look at this car in detail but he said it was looking quite nice - so nothing really negative about this F40 he could recognise. Some more information about this car would be great. What's the reason for this low price? Is it just a more realistic price or was this auction the wrong marketplace - most cars offered are about 400.000 Euro or even more ... and some of these cars offered by different dealer in Europe (that's the market I'm most interseted in) and also some cars in the USA didn't sell the last couple of months. That would be a big crack in pricing!

 

First owner and passenger reportedly killed, car rebuilt, second owner crashed and killed as well, car rebuilt again, then the car caught fire and later on it was reported stolen in Geneva, Switzerland.
It doesn't get much worse. At least it was never handgrenaded.........
Gentlemen, do your homework!

Marcel Massini

 

Supposedly accident damage and little in the way of service history making mileage difficult to verify.

 

See post 23.

Marcel Massini