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By Larry Edsall
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Monterey Auctions
By Larry Edsall

Monterey Auctions This time, Daytona Coupe sells, and for $7.25 million Turns out, the second time was the charm. The charm, that is, for the world sports car racing championship-winning 1965 Shelby Daytona Coupe. The car, in which Bob Bondurant and his co-drivers humiliated Ferrari a few decades ago, rolled out of its garage earlier this year, when it sold privately - and for a reported $8 million - then went on a victory lap of various venues to help hype its appearance at Mecum's big Original Spring Classic auction.

The car was expected to fetch at least $10 million at auction. Instead, bidders didn't even reach the car's reserve price.

Fast forward to last weekend on California's Monterey Peninsula, where Mecum again showcased the Daytona Coupe, which finally sold, though for a mere $7.25 million.

Yes, that was the highest sales price of any of the classic cars offered for auction during the peninsula's annual week of show and go, though it was well below the $10 million-plus target.

The Mecum auction was one of half a dozen classic car auctions held during Monterey's annual celebration of cars and stars.

Speaking of stars, comedian Jerry Seinfeld's 1970 Porsche 908/03 Spyder was awarded second place in its class at the Pebble Beach Concours d'Elegance, and the 1933 Duesenberg Model J Torpedo convertible Victoria formerly owned by actor William Boyd (who played Hopalong Cassidy on television) sold for $1.32 million at the Bonhams auction at The Quail resort.

Other high-dollar transactions included:

  • $5.115 million at Gooding & Co. for a 1962 Ferrari 250 GT short wheelbase California Spider;
  • $4,18 million at Gooding for a 1933 Alfa Romeo 8C 2300 drop head coupe;
  • $3.3 million at Gooding for a 1933 Duesenberg Model SJ roadster;
  • $2.75 million at Gooding for a 1958 Ferrari 250 GT long wheelbase California Spider;
  • $2.53 million at RM for the 1952 Jaguar C-type raced by Phil Hill;
  • $1.98 million at RM for a 1955 Aston Martin DB3S with a racing pedigree;
  • $1.65 million for at Gooding for a 1953 Aston Martin DB 2/4 drop head coupe;
  • $1.54 million at Gooding for a 1954 Ferrari 500 Mondial Series I;
  • $1.43 million at RM for a 1935 Duesenberg Model SJ "Disappearing Top" convertible coupe;
  • $1.375 million at Gooding for Ettore Bugatti's personal 1938 Type 57C Special Coupe

Interesting that while Bugatti's car went for more than a million, Ferry Porsche's personal 1961 356 Carrera 2/2000 GS cabriolet brought only $330,000 at Russo and Steele. While car enthusiasts love to drive Porsches, car collectors don't particularly pursue the marquee at auction.

Also interesting - and impressive - was the $7.3 million in sales for the exquisite 51-vehicle Nick Alexander Woodie collection at RM, with five of the exquisite Woodies going for more than a quarter-million dollars.

Gooding and RM both reported sales of around 85 percent of all vehicles, with Gooding handling some $50 million and RM some $34 million in transactions.

Corvettes pace RM online auction

Chevrolet Corvettes were popular with bidders at RM's recent online auction. The top sale was $70,200 for a 1960 Corvette convertible. A '59 convertible went for $56,700 (third high) and a '72 coupe for $34,560 (seventh high). Runner-up to the '60 Vette was a 1958 Ford Fairlane 500 retractable that brought $57,240.

Best in show at Pebble Beach

A 1937 Horch 853 Voll & Ruhrbeck sport cabriolet owned by Robert Lee of Sparks, Nevada was honored as best in show at the 59th Pebble Beach Concours d'Elegance (see photo). The prestigious award was the second in four years for Lee, who also won in 2006 with a 1931 Daimler Double-Six 50 Corsica drop head coupe.

Classic Motorcars Auction

A 1934 Rolls-Royce 20/25 Torpedo tourer, a 1913 Buick Model 4, a 1923 Nash 6 Series 690 convertible, a 1969 Pontiac GTO "Judge" and an all-original (except for the tires) 26,000-mile 1957 Chevrolet BelAir convertible will be among the vehicles offered at the Classic Motorcars Auctions' The Ohio Summer Classic, August 29-30 in Akron.

Mark your calendar

September
2-8 - Kruse at Auburn, Indiana
11-12 - Bonhams at the Le May, Tacoma, Washington
12 - Mecum Bob McDorman at Canal Winchester, Ohio
18-20 - 15th annual Glenmoor Gathering Concours d'Elegance, Canton, Ohio
19 - Kruse at Houston

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