New York, NY – On October 8th, 2012 Bonhams will conduct Preserving the Automobile: A Sale at the Simeone Foundation, the first ever car auction to promote the concept of preservation of collector cars. The sale will take place on site and in collaboration with The Simeone Foundation Automotive Museum, a vintage car museum in Philadelphia, PA.
"Good, original, unrestored cars are now highly sought after with the values of preserved cars escalating every year," said Rupert Banner, director of Bonhams Car Department. "In the last two to three years, auction prices for preserved cars in their original condition have exceeded those for cars that have been restored."
Dr. Frederick Simeone, executive director of The Simeone Foundation Automotive Museum, has been collecting racing sports cars since he was a young man. His passion was always finding and preserving cars in their original condition and the concept of "preservation" is one that Dr. Simeone has championed for over 50 years. His museum's collaboration with Bonhams is a unique one with the hope of spreading the message of the importance of car preservation.
"The Simeone Foundation is pleased to welcome Bonhams to our museum for the first preserved automobile auction of its kind," said Dr. Simeone. "Fine, unmolested cars are gaining importance among collectors and historians as tastes mature. The selection of such treasures acquired by Bonhams for this sale is remarkable in its scope and quality. The Simeone Foundation also is proud to join Bonhams whose reputation as an auctioneer of fine art objects is recognised throughout the world."
The content of the auction is predominantly original or preserved automobiles, as well as some spares and accessories that a hobbyist may require to improve the authenticity of their motorcars.
This inaugural auction has brought together interesting property from a number of sources, the highlights include:
• The Property of a Pennsylvania Collector – 26 automobiles, headed by the 1915 Packard Model 3-38 Gentleman's Roadster. (estimate: $200,000-300,000) - One of two surviving examples with the other residing in the estate of Phil Hill, in unrestored condition save for a repaint many decades ago, single family ownership from 1920 until just recently, very sporting coachwork, only known example with a Mother-in-Law seat in the spare tyre mount.
• The du Pont Family Collection Part II – A large cache of spares and accessories relating to the variety of automobiles owned by E. Paul du Pont and family. This features a du Pont cyclecar, Cunningham automobile spares and duPont Motors factory spares.
• Property from the Estate of Robert Shaffner – A large quantity of spares and accessories relating to the Rolls-Royce marque together with two examples of the famed Phantom III model.
• Property from the Estate of the Late Nathan Clark including: the ex-Gerry Albertini 1931 Isotta Fraschini Tipo 8A Coupe by Lancefield. One of the most luxurious brands of its day, the famed 8 cylinder automobiles built by Italian manufacturer Isotta have been coveted from day one; A very early 1932 Aston Martin 1½ Litre Le Mans Four Seater by Bertelli. A vehicle designed to drive to a race—win it—and drive back home, Clark's Aston was owned new by British film director Basil Dean and purchased by Clark in 1972. In value terms, the most important car of the sale is the 1973 Ferrari 365 GTB/4 Berlinetta, estimated at $340,000-380,000, this is a remarkably original car with just 26,500 miles from new.
With a spread of automobiles ranging in age from a 1903 Knox One Cylinder Stanhope, to a 1998 Bentley Turbo RT, and featuring rarely seen marques such as Buckmobile, Facel Vega, McIntyre and Woods, this pioneering auction offers something for everyone.
For a complete list of lots available in the Preserving the Automobile Auction, visit www.bonhams.com/simeone.
The Simeone Automotive Museum, operated by the Simeone Foundation, a 501(c)3 non-profit corporation, is one of the greatest collections of racing sports cars in the world. Assembled by renowned neurosurgeon Dr. Frederick Simeone over a span of 50 years, the Museum contains over 60 of the rarest and most significant racing sports cars ever built. A hallmark of the collection is that many of the cars are in the original condition as when they competed. The Simeone was chosen "Museum of the Year" by the International Historic Motoring Awards
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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