23 Feb 2013
Brisk bidding and strong prices make for a $3.75 million auction
with 85% sold and several records achieved
Bonhams hit a home run today at its inaugural motorcar auction held in conjunction with the Boca Raton Concours d'Elegance on the grounds of the luxurious, seaside Boca Raton Resort & Club north of Miami.
A diverse selection of American and European motorcars, along with several contemporary models, attracted a full house of on-site bidders and numerous telephone, absentee and live online bidders. With participation from around the world, and buyers from as far afield as mainland Europe and the Middle East, the competition was brisk, particularly on the most desirable offerings.
The former Mrs. E.L. Cord 1930 Duesenberg Model J Torpedo Phaeton stayed in the US, realizing $698,500 after spirited bidding.
$390,500 was the price achieved for the original 'Plexi' nose, European-delivered 1970 Ferrari 365 GTB/4 Daytona Spyder Conversion, while the 1963 Rolls-Royce Silver Cloud III, later adapted to Drophead Coupe guise, sold for $264,000.
An immaculate, concours condition 1962 Jaguar XKE Series I 3.8-liter Coupe was deservedly bought for $165,000 by an East Coast enthusiast and the 1965 Alfa Romeo Giulia Sprint Speciale made $143,000.
Perhaps most fun of all, however, was the ping-pong style of telephone bidding that ensued over the 1962 Citroen 2CV Sahara 4x4. With a brisk and lengthy volley between multiple phone bidders and auctioneer Rupert Banner doing his best to referee the bidding frenzy at the rostrum, the audience in the filled-to-capacity tent was treated to a humorous battle for the rare French two-engined car. Ultimately, a collector from the Middle East clinched the winning bid at $80,300.
Says Rupert Banner, Bonhams VP of Business Development in New York, "This was a busy, successful and fun debut auction, supported by a large local crowd. It delivered results beyond our expectations including a handful of records and continues an already strong 2013 season for Bonhams US Motoring department."
Bonhams next US motoring auctions take place in Greenwich, Connecticut in June and Carmel, California in August. For more information on either of these upcoming sales, please visit www.bonhams.com/motorcars.
For a full list of sales results for the Boca Raton Concours d'Elegance Auction, please go to www.bonhams.com/boca.
NOTES FOR EDITORS
Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com