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Auction Results for Amelia Island 2017

Photos courtesy of Bonhams, Gooding & Company, and RM Sotheby’s

The auction weekend began with an announcement from Bill Warner, by way of Bonham’s auctioneer Rupert Banner that, with the expected arrival of a significant storm to the area on Sunday, Warner changed the concours date from its traditional Sunday to Saturday, 11 March, in order to beat the weather.


Bonhams’ lot 143 was this 1973 Typ 911S coupe. Photo © 2016 Courtesy of Bonhams.

Bonhams

The Amelia Island Auction

Fernandina Beach Golf Club

3990 Amelia Island Parkway

Fernandina Beach, FL 32034

Sale: Thursday, 9 March 2017, 1:00 P.M.

Prices are listed at auction gavel price without 10% buyer’s premium. Cars also were subject to a 7% Florida state sales tax, and some were subject to a 2.5% import duty. Rupert Banner handled the automobilia and first 30 auto lots, and Malcolm Barber took over from there; Rupert resumed the podium at lot 161 and moved steadily to the end. They started promptly at 1:00 P.M. E.S.T and finished at 6:45 P.M.

Bidding began in the room at $30,000 but, as Banner put it, bidding in the room, on the phone, and on line, was “inching along” to its sale price to a buyer in the room.

Lot 113 – 1961 Alfa Romeo Giulietta Sprint Speciale Berlinetta – Without reserve – Estimate: $90,000-130,000Sold for $77,000.

Bidding alternated between buyers in the room and one on the internet; sold to a buyer in the room.

Lot 114 – 1962 Alfa Romeo Giulia 1600 Normale Spider – Without reserve – Estimate: $80,000-100,000Sold for $73,000.

Bidders came from the room and on the phone in one and two thousand dollar increments; buyer was in the room.

Lot 116 – 1963 Lancia Flaminia 2.5 3C Cabriolet – Estimate: $220,000-260,000 – Sold for $177,500.

Bidding in the room; sold in the room.

Bidding opened rapidly from $330,000 to $480,000 from Banner’s desk and then in the room where it stalled briefly, finally stopping at $520,000.  

Lot 118 – 1979 Toyota HJ45 Land Cruiser Overland (crewcab pickup) – Without reserve – Estimate: $90,000-120,000Sold for $105,000.

Rapid bidding in the room and on phones from $50,000 up to its selling price. This was the first vehicle to exceed its low estimate price.

Lot 118 – 1989 Mazda Miata – Without reserve – Estimate: $15,000-20,000Sold for $15,000.

Rapid bidding to its final sale price, achieved in the sale room.  

Opened at $110,000 at the desk, advancing quickly at first but then slowing to its sale price in the room, rendering it the first Porsche of the day to surpass its low estimate.

Bidding delayed while phones connected yet first bidding came from inside the room; phones came in to take the car to its sale price.

Bidding opened at $40,000 and alternated between internet and buyers in the room to its selling price by an on-site bidder.

Lot 139 – 1990 Toyota 4×4 pickup – Without reserve – Estimate: $25,000-35,000 – Sold for $15,000.

Under the heading of boldly going where no one has gone before…. Barber, starting at $10,000, kept pitching this to Toyota dealers in the crowd in hopes they saw value for a showroom time-capsule attraction.

Bidding started at $50,000 and, with Barber calling it “a future classic”, the price bounced steadily but slowly between the room and a phone caller till the end.

Started at $80,000 and quickly rose to $120,000 between room and internet bidders. More sluggishly, it reached its sale price to a buyer online.

Lot 144 – 1955 Ferrari 250 Europa GT Alloy – one of two manufactured for the Mille Miglia – Estimate: $2,300,000 – $2,600,000Sold for $2,025,000.

Bidding began at $1,200,000 and rose steadily. Upon reaching $1,750,000 Barber announced he could sell the car. The number rose haltingly in the sale room from there to its selling price and applause.

Bidding began at $55,000 in the room and remained there. Bonhams noted that inspectors had discovered corrosion on the car; this may have dampened enthusiasm, though bidding continued steadily in ones and twos to its end.

Photo © 2016 Courtesy of Bonhams.

Lot 153 – 1904 Knox 16/18HP “Tudor” 5-passenger TouringEstimate: $200,000-225,000Sold for $266,000.

Barber vigorously encouraged this car as a London-Brighton run competitor, reminding everyone Bonhams is a major event sponsor and promising who ever bought the car support in the event. Three bidders in the room – clearly anticipating the experience – took the car well above its high estimate to finishing applause.

Bidding started and $160,000 and jumped by tens to $210,000 from internet and phone bidders as well as one in the room. But then it stalled. Then stopped dead.

Started at $100,000 and marched by internet and in the room to its ignominius end.

This opened at $20,000 and inched its way up by ones to in in-room sale.

Photo © 2016 Courtesy of Bonhams.

Starting at $40,000, then slowly rising with in-room and internet bidders. It stalled at $55,000, and then crept forward a thousand at a time, encouraged by Rupert’s incredible patience, surpassing its low estimate. This sale, too, drew applause.

Photo © 2016 Courtesy of Bonhams.

Started at $40,000 on the desk and the price in the room jumped quickly above low estimate and then steadily past its high figure.

Bidding began at $150,000 in the room and advanced steadily but sedately from room and on-line bids.  

Lot 169 – 1938 Talbot-Lago T150C “Lago Spéciale” CabrioletEstimate” $1,200,000-1,500,000 . Did not sell at $800,000.

First bid from the desk at $680,000. While a freshly restored car that has not yet been shown anywhere – and therefore is prime for a “debut” – it did not strike Bonhams bidders. It crept to $800,000 where Banner suggested one more bid might take it. No one responded. This was five hours into a long afternoon.

Bids remained in the room from the start steadily climbing past the low estimate.

This “souped-up, hot-rod” 912 was not offered with the matching engine, and seats and interior parts originally listed in the catalog. Bidders were initially reticent, starting at $20,000, stalling, and then proceeding slowly to its sale.

Banner started with $65,000 at the desk and stopped well shy of what its consignor had hoped. This was the absolute last lot Bonhams offered. Those remaining in the sale tent may have been done much earlier than the five hours forty-five minutes and sale ran.


Gooding & Company

The Amelia Island Auction

Racquet Park, Omni Amelia Island Plantation

6800 First Coast Highway

Amelia Island, FL 32034

With the inimitable Charlie Ross in his familiar position on the rostrum, the auction commenced at 11:07. Gooding charges a buyer’s premium of 10%, plus applicable taxes (and/or duties).

Sale: Friday, 10 March, 11:00 A.M. E.S.T.

Bidding began at $20,000 with Charlie cajoling the audience to wake up and start bidding! When a bidder added a single thousand, Charlie praised him as “Oh, you generous person!” That took a slow climb to $30,000 and quickly moved it to its sale price.

Bidding started at $200,000 in the room and climbed in fits and starts. At $260,000 Charlie announced he was selling. After a long moment, it climbed to its sale price to a bidder in the room.

Starting at $150,000 in the room, offers climbed quickly to $240,000 between phone callers and those on site. When a room bidder advanced the price to $246,000, Charlie asked David “Where do these people come from?”

Previously owned by two Porsche legendary collectors who caught on to Alfa’s mystique early on. Bidding started at $50,000 in the room where it remained until Charlie hammered the car sold.

Photo by Brian Henniker © 2016 Courtesy of Gooding & Company.

Starting at $50,000 and alternating between a bidder in a red shirt and another in green, offers remained in the room with late entry new phone bidders taking it from $120,000 where it had stalled. As numbers climbed in 2.5 thousand increments, Charlie joked that they might get to a million. It was the first sale of the day that exceeded low estimate. “Oh! Do join in,” Charlie shouted as yet another new bidder made an offer. “At this pace, we could have built another by now!”

Charlie asked to start at a million, but accepted $500,000 and the price jumped in fifty-thousand increments within 90 seconds to $900,000 with on site and telephone offers. When one million came from a phone bidder, Charlie celebrated the “rapturous applause.”  

Coated with dust and blessed with a dented rear bumper and visible rear fender corrosion, this Spider is a candidate for restoration or clean up as a preservation class entry. Offers in the room began at $100,000 and, with phone bidders, climbed steadily to its low estimate, at which point Charlie quipped “livestock is included” in this purchase. That seemed to encourage the crowd.     

Did not sell at $310,000.

Charlie looked at the car and commented “Guard’s Red,” and repeated it, though with his English Public School accent, he may have been saying “God’s red.” Offers started at $100,000 in the room and instantly doubled and then climbed rapidly in tens to $300,000 and stopped short. continued

Bidding started at $80,000 and shot to $120,000 from buyers in the room.

Offers began at $1,000,000 in the room and, with phone bidders, accelerated sedately until it stalled and pulled off the course.   

Opening bid for “the game-changer” was $1,000,000 and it climbed steadily in hundreds (and an occasional two-hundred jump) and then fifties and finally twenty-fives past $2,000,000, its low estimate. It sold to a buyer in the room.

Starting at $200,000 in the room, the price quickly jumped to $300,000 and then $400,000, still in the room.

Starting at $50,000 in the room, it advanced steadily to its selling price.

Starting at $1,000,000 in the room, alternating with a phone bidder drove the price past its low estimate.  

Starting at $300,000, it climbed rapidly past $500,000 before stalling short.

Bids started at $50,000 and crept up among several bidders in the room.

Starting at $500,000, the car accelerated in 100,000s past $1,100,000 from in-room and phone bidders. From there it limped along in $25,000 increments.

Starting at $50,000, this car advanced steadily in tens by in-room bidders past $150,000 then in fives.

Offers started at $300,000 and shot in twenties past $400,000 by bidders in the room and on the telephone. Tens took it the rest of the way. When Charlie announced the car would sell at $450,000, bids “accelerated just like the car!”

Photo by Mathieu Heurtault © 2016 Courtesy of Gooding & Company.

Charlie asked $3,000,000 to start. And got it in the room. From where it jumped to  $3.5, $3.75, $4, and then $4.25, all in the room. Then 4.5, and 4.75, still among bidders in the room. At $5,150,000 Charlie announced he was selling the car “and I’m not going to wait all day….” Then he stretched out the count down. “Sold,” David said, looking down at the front row, “to a friend!”

Starting at $300,000 and marched reliably past its low estimate.  

Auctioneer Charlie Ross gestures vigorously toward the phone bank to confirm an offsite bidder’s successful offer to acquire the Turbo S Lightweight. Photo by Jensen Sutta © 2017 Courtesy of Gooding & Company.

Bidding in the room began at $500,000 and jumped in fifties past $1,000,000 when a phone bidder took over and wrestled with a single bidder in the room advancing past the low estimate before the phone bidder won that match.

Started at $300,000, and jumping up in twenties before stalling short of a sale.

Stated at $300,000. It jumped quickly to $400,000 in the room.

Starting at $500,000 in the room.   

Opened at $500,000 and rocketed at fifties past $1,000,000.

Starting at $50,000 in the room, the price rose haltingly to its sale price.

The car entered the stage with a round of applause. Fitted with 3.8-liter for racing, Jaguar offered for sale a number-matched 3.4-liter correct engine. Charlie started bidding at $5,000,000. It jumped by millions, Charlie saying “These are the kind of increments I like!” In-room and phone bidders got it to $9,500,000 where the energy slowed. At $10,000,000, shouts emerged from the crowd. At $11,000,000, there was silence even though the two bidders were in the room. “Don’t think of your bank account,” Charlie suggested to one bidder, “think of the car!” At $11,900,000, he admitted, “I’m a bid away and you’ll never see a faster gavel.” But it didn’t happen. “I’ve never been closer to a sale, and never more disappointed,” he concluded. Perhaps what held back bidders was the reality that a $12,000,000 purchase also carried a $1,200,000 buyer’s premium.

Straight in at $200,000. It climbed in tens in the room and a successful phone bidder.

“Goes like a rocket, that’s a technical expression, David,” as Charlie started the sale at $100,000. Phone bids brought the price to its selling point.  

This is Caitlin Jenner’s car. Jenner came onto the platform to explain ownership history. All proceeds go to the Caitlin Jenner Foundation funding LGBT education and support programs. Charlie asked $100,000 to start and the bids advanced sluggishly in the room.

Started at $200,000 and jumped quickly to $350,000 where it slowed considerably but continued with bidders in the room.  

Bidding began at $2,000,000. That enlivened bidders. The price climbed to $3,350,000 as bidders in the front row sat calculating fees and other obligations. “Madame, could you give him a nudge,” Charlie asked, but  didn’t get what he needed.

Bidding started at $100,000 and shot to $180,000, where it stumbled to a halt. By this point, almost five and a half hours in, Charlie began rigorously pushing bidders, giving them none of the luxury of think-time he offered those contemplating the XK-SS.

Bidding quickly began at $500,000 and shot up in fifties and then twenty-fives, the offers ran out of gas. This was another quick lot.

Bidding began at $200,000 and shot past $300,000 quickly where it slowed and then stopped.

In at $500,000 and on past $800,000 with two bidders, where, again, the momentum in the room sagged.  

Bidding began at $200,000. Bidding buzzed along past $300,000 and continued as Charlie asked his audience not to leave yet! Yet the nearly six hours of calling prices was taking its toll on Charlie’s voice.

“Wake up, ladies and gentlemen! Can we start at $100,000? Our only bid, in the front row….” And that started its slog up to its low selling price to the initial bidder in the front row.

Photo by Brian Henniker © 2016 Courtesy of Gooding & Company.

Started at $150,000 and climbed at twenties and then tens in the room and on the phone past $250,000 and on to its hammer price.

An absentee bid started the price climb at $30,000, rapidly ascending by twos past $50,000. Charlie’s absentee kept up the pressure on to $60,000 and bidders in the room took it to its selling price.  “Right to the bitter end,” Charlie commented, “can this go on?” Two more bids. “Don’t you want to go home,” he asked.” Another bid. And then done. A 1957 Ford Thunderbird wrapped up the sale, selling at $62,500, just off the low estimate.

David wrapped up the day, minutes before the end of the sixth hour, announcing they had sold more than $29,000,000 in automobiles and set 13 world records in their sale.


RM Sotheby’s Amelia Island Auction

The Ritz-Carlton

4750 Amelia Island Parkway

Amelia Island, FL 32034

RM Sotheby’s assessed a 10% buyer’s premium plus applicable taxes and import duties. Martin Tennholder and Alain Squinder managed the sales.

Sale: Friday, 10 March, 5:00P.M. E.S.T. This sale consisted of the entire collection of the late Orin Smith.

Photo by Darin Schnabel © 2017 Courtesy of RM Sotheby’s.
Photo by Darin Schnabel © 2017 Courtesy of RM Sotheby’s.

* * *

Saturday, 11 March, 11:00A.M.

This auction commenced precisely at 11:00 A.M. E.S.T. even as the Amelia Island Concours d’Elegance went on outside. Martin Tennholder, with his rapid-fire presentation and instant transitions to Italian, French, German, and other languages, and Alain Squinder, making the lot introductions, managed the sales. Martin advised the audience that he was taking no small bids “under my boss’s orders! He said if I don’t behave I can’t come back up here.” Later…,  “I was told, ‘don’t cut the bid, Martin!’” Of course, he did. Some of the auction sale prices proved the wisdom of RM Sotheby’s specialists as they guessed where estimates belonged: a good number of their sales landed right in the middle between low and high numbers. Adding in the buyer’s premium put many of these cars over their highest estimate. However, some of the Ferraris did not attract the interest their consignors had hoped.

The second automobile and first Porsche of the day stated off at $10,000. Room bidders advanced the price steadily in one thousand dollar increments.

RM Sotheby’s first lot to crack the lower estimate and touch the upper end.

Bidding started at $35,000. Offers quickly advanced above the lower estimate with one single jump of $15,000. Sold in the room.

Hoping to start the bidding at $15,000, Tennholder dropped back to $10,000 from which it rose steadily from offers in the room.

Starting at $1,500,000 with Tennholder on the table. Offers rose steadily in the room and phones. Within 90 seconds, the bids crossed the lower estimate and 90 seconds later, they reached the upper estimate where it sold to applause in the room.

Starting at $85,000, with in-room and on-line bids advancing quickly to $120,000 where it stalled before reaching its sale price.

Bidding started at $150,000 and offers in the room and from the phone rose quickly past $200,000 and $300,000. Passing the lower estimate in the room, ultimately selling to a phone bidder.

Photo by Erik Fuller © 2016 Courtesy of RM Sotheby’s.

Following a $1,000 incremental bidding war over the previous lot – an Austin Healey coupe – Tennholder wiped his brow and then started bidding at $140,000.  In-room offers rocketed to $240,000 within 60 seconds and $300,000 one minute later. He broke a sweat again. “Don’t look away, look at me,” Tennholder told one bidder. When the car drove off the stage before sale, another bidder rose to watch it. “Don’t worry, it’s going to a safe place,” Tennholder said. That bidder lost to another one in the room.

Opening at $180,000 bids passed $320,000 within the first minute. An on-line bidder passed the low estimate and, after in-room counter bids, the remote buyer took it to its sale price.

Photo by Theo Civiello © 2017 Courtesy of RM Sotheby’s.

Starting at $400,000, the car climbed steadily with phone and in-room bids past low and high estimates to reach its selling price.

Tennholder started bidding with a commission bid at $4,000,000. Offers in the room raced his commission bidder past $6,000,000 where it reached applause and again at the price point at which he announced he was selling to a bidder in the room.

Starting at $80,000, bidding was slow, rising in twos. Tennholder worked for this sale, taking longer for in-room offers to accomplish its first $20,000 increase than he needed to get the 997 Speedster and 997 GT2 RS to double their opening bids.

Opening at $75,000, bids in the room and on the phone doubled the price within two minutes.

Starting at $280,000, offers quickly rose another $100,000 within the first minute and to $480,000 a minute later in the room before stalling.  

Bidding began at $5,000,000 and climbed steadily past $8,000,000 from bidders in the room before it stopped short.

Bidding began at $50,000 and marched steadily to its price well above the high estimate.

Starting at $350,000. Bidders in the room and on the phone alternated the offers up to and beyond $500,000 and further, topping out with two phone bidders adding more than $100,000 in five thousand increments to the final sale price.

Beginning at $400,000 with some bids coming in by text message, the price climbed rapidly past $650,000 before slowing. Then a “big boy bid” raised the price $50,000 in a single offer and that got the ball rolling quickly past the low estimate to its sale price achieved following a match race upward from $800,000 between a bidder in the room and the successful buyer on the phone.

From an emphatic in-room starting bid of $500,000, offers raced above a million from phone bidders and several others in the room; one on-site buyer claimed the car.

Photo by Darin Schnabel © 2017 Courtesy of RM Sotheby’s.

Opening at $600,000, bids rose very tentatively, with Tennholder energetically reminding bidders he can sell this car so far below its lowest estimate. Then in-house bidders started throwing $50,000 increments onto the offers taking the car to $1,000,000. And then bidders countered one another to $1,200,000 in fifties and hundreds and then to $1,600,000, nipping at its low estimate for a no-reserve car, and then climbing on past that to its sale price. The in-room $2,000,000 bid earned cheers and applause in the room. “The room is alive,” Tennholder said with a broad smile on his face and his applause to the buyer in the room for paying nearly 10% over high estimate It’s likely a Maserati record.

Starting at $650,000, Tennholder reminded bidders this was another car offered without reserve. Again, that set the bidders on fire again, reaching and passing $1,000,000 quickly before selling to a phone bidder.

Photo by Darin Schnabel © 2017 Courtesy of RM Sotheby’s.

Starting at $450,000, Tennholder again reminded bidders this is a car without reserve, surely hoping the frenzy might continue. Offers rose from in-room and on-phone bidders less energetically than the Maserati or Lancia but progressed in tens and twenties past its low estimate and then by fifties as two phone bidders argued the car to its selling price and more applause. Clearly Rob Meyer’s advice to consignors to trust “without  reserve in achieving above estimate results.

Opening “at one half the reserve,” Tennholder started at $900,000 and it rose rapidly on phones and in the room, closing in on the low estimate within two minutes.

Opening at $400,000, it took a moment to get that bid. This was work for Tennholder, as phones and in-room bidders seemed cool to the Signal Yellow coupe. After a burst to $650,000, the car edged hesitantly toward its low estimate in excruciatingly slow five thousand increments between one in-room and a telephone bidder who won.

Starting at $4,000,000, bidding jumped in two hundred thousand dollar increments as the car rumbled loudly onto the stage. Within three minutes, bids passed $6,000,000. Tennholder spoke softly, almost conspiratorially, as he enticed bidders to keep the price advancing. He came very close.

Starting at $200,000 at the desk, Tennholder jockeyed between his absentee bidder and those in the room to its selling price to the absentee.


With 70 of 95 lots accomplished, Tennholder’s voice grew rougher, just as Charlie Ross’s had done at Gooding the day before. The job requires nearly continuous talking for hours to keep energy alive in the room.


Entered at $30,000. In room bidders and on-line advanced offers in five thousand increments very quickly past the low and the high estimates.  

Starting at $300,000 with an absentee bid that kept going against a bidder in the room up to near the low estimate where it sold to the absentee.

Opening at $240,000 and charging in twenties up past $420,000 within the first minute in the room. Bids continued past the low estimate and then past $500,000.

Tennholder started at $3,800,000 and reached $5,000,000 in 20 seconds! Then $6,000,000 before the first minute had passed with phone and in-room bidders competing at a bristling pace. Bidding lapsed into cruise mode at this point and went slower from there before stalling.


One could argue that Tennholder’s brisk pace may have shut down bids where a more leisurely one (such as at Bonhams or even Gooding) might have brought a sale. But there was a concours going on outside and he knew bidders – who moved in and out of the room like the tides – had other preoccupations.


Opened at $150,000 in the room.

Starting at $60,000, its color may have dampened enthusiasm for this car and its price rose slowly with atypical pauses while Tennholder waited.

Started at $325,000, bidding advanced very slowly while Tennholder spoke more softly in his attempts to keep things going. He came close.

Starting at $180,000, bidders showed somewhat greater interest and the car reached $250,000 within a minute but there it faltered.

Starting at $10,000 before Tennholder even began and rose steadily toward the low estimate where it sold to a buyer in the room.  

Photo by Erik Fuller © 2017 Courtesy of RM Sotheby’s.

Starting at $110,000, the price rose rapidly past $170,000 in the first minute with those in-room and an absentee bidder attracted to the car, and ultimately with two in-room bidders passing the low estimate.  

Starting at $50,000, an on-line bidder provoked others in the room. The price crept up, finally selling well short of its low estimate, perhaps due to the accident report.

Starting at $110,000, the price advanced slowly but steadily as Tennholder modulated his somewhat gravely voice and the car came very close to its low estimate.

Photo by Erik Fuller © 2017 Courtesy of RM Sotheby’s.

Bidding started at $10,000 as Tennholder and Squinder agreed the best reason to buy this car was the winner could immediately take the car out onto the Amelia Island beaches. That struck a note as bidding shot past low and high estimates following vigorous bidding among buyers in the room. Both auctioneers commented on the beautiful weather outside – in advance of the anticipated storm for Sunday.

The second from last car on auction during the weekend started at $30,000. In room, phone, and on-line bidders moved the price up steadily if not rapidly despite Tennholder’s vigorous pacing while allowing his on-line bidder time to catch up with clicks. “You have to click now!” he said looking straight into the video camera, as an in-room buyer won the race.   


The final lot, a 1976 Triumph TR6, sold a low estimate ($20,000) to a phone bidder, and wrapping up 95 lots in five hours fifteen minutes. The difference between this auction and others was pacing: Bonhams luxuriously spent five hours forty-five minutes to move 87 cars; Gooding ran through 87 automobiles in minutes shy of six hours; RM auctioned 95 cars in five hours fifteen minutes. Analysts will theorize over the coming weeks whether one pace or another led to better results and happier sellers and buyers.