IMHO, the sale price will exceed the 700K figure! It shall be fun to watch her come back to life! Probably the most elegant of the 34, with strangely 103.002 being the least! Regards.
I have only seen the Allemano 'in the flesh' - a magnificent car - but based on pictures, I lean towards your assessment, with perhaps the Bertone as the runner-up.
$1 million for the car, then another million for the restoration. For $2 million someone has an assured entry into Pebble Beach. For some people, this is pocket money. Ivan
No value judgments or associated paraphernalia--- Ivan is absolutely on the money! No pun intended! Regards.
Correct, but those cars have already been to Pebble, and won, and they are looking for the next car that has the “right stuff” to be a winner. Ivan
I supported RM by the Historie of the car. On the website you can see my historic photos which I provide to RM. They send me detail photos of the car which you can see, that the sheet metal works on the bottom are huge! I think that the car was bad painted in blue. View attachment 3484256
That was a good deal in my opinion, a little on the cheap side. Where are you going to get another one? A "one of one" car usually wins,....especially this "one". Congrats to the new owner. Anyone know who bought it?
Hell of a buy! Somebody is going to walk away with a boatload of cash in a couple of years when it wins Pebble Beach! Regards.
PS If an Allemano is worth this in 2016---then you decide! Auction Results For 2016ResultsAuction1962 Maserati 5000 GT Coupe by Allemano Chassis Num: AM103 040 340 bhp, 4,941 cc DOHC 90-degree V-8 engine with Lucas mechanical fuel injection, five-speed manual transmission, independent front suspension with coil springs and tubular shock absorbers, live rear axle with semi-elliptical leaf springs and tubular shock absorbers, and four-wheel Girling disc brakes. Wheelbase: 104 in. $1,540,000 2016 RM Sothebys
PSS Everybody comments that Walsh was in fantasy-land when he sang his famous song: However---Please note that with the standard 3.54:1 rear axle the 5-speed 5000 GTs' top speed at 6,500rpm was Joe Walsh's 185mph!!!
There’s big difference between the 2016 market and 2019 market. On Friday at the same RM Sotheby auction 5000 GT #AM103 016 the coach built 1 of 1 Michelotti bodied for Briggs Cunningham was a no sale at $600,000. From a financial standpoint the numbers don’t add up especially in a dropping market. the Ghia is going to easily surpass the purchase price in restoration cost.
On behalf of one of my customers I offered Euro (!) 1.0m for the car when it was still located in Saudi Arabia. We never got a response to the offer. Now the car was sold for not even half of that. So greed was bigger than brain... But I am still laughin`...
Interesting story Walter, I believe it. Smiles all around! I would call this car very well bought, even cheap. Restoration costs shouldn’t be an issue with the new owner. I could complete the restoration in my shop for less than purchase price.
I'm sure the consigner is gutted they did not accept your offer. Perhaps they should have made it an auction with a reserve and done a deal with you after, should it not have met that reserve.
You’re kidding yourself if you think this car could be restored (correctly to the standard) for less than the purchase price of the car. https://journal.classiccars.com/2019/07/22/maserati-relic-is-a-rarity-but-is-it-worth-restoring/
Any 'expert' who questions whether this COMPLETE, non-vandalized spectacular one-off Ghia should be restored or not, is no expert in my book! Obviously it will require a significant sum for a concourse restoration---whether that number is 550K or 900K is completely immaterial. The result will pay for the required investment in spades! IMHO---One of the very few truly special cars on this planet! Regards.