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Resource Guide
Auction Central
By Larry Edsall
Back to Community

Auctions at Amelia extend strong sales season
By Larry Edsall

Larry Edsall at RM and Gooding & Company both enjoyed record-setting events on Amelia Island last weekend. RM had its best sales total in 13 years -- $24.3 million, about a 20 percent boost over its 2010 auction at the same venue – while Gooding $17.8-million in sales marked an 11-percent boost over its inaugural island event last year.

RM had the top sale -- $4.290 million for a Vignale-bodied 1952 Ferrari 340 Mexico coupe (see photo), one of only three built and the third-place finisher from the 1952 La Carrera Panamericana road race.

Other top sales at RM included $990,000 for a 1930 Alfa Romeo 6C 1750 GS Spider, $979,000 for a 1933 Duesenberg Model J Torpedo Victoria, $962,500 for a 1930 Duesenberg Model J convertible coupe, and $935,000 for a 1968 Ferrari 275 GTB/4 Berlinetta.

Of note, a 1953 Ferrari 212 Inter coupe from the same collection as the Mexico coupe, went for $660,000. This was the first time the cars were offered for sale in more than 30 years.

Overall, RM sold 96 percent of its lots.

While Gooding couldn’t match the $4.29 million brought by the Mexico coupe or RM’s total sales figure, it did post four million-dollar sales, led by a 1951 Ferrari 212 Export cabriolet for $1.87 million. A 1971 Lamborghini Miura P400 SV prototype (see photo) went for $1.705 million, a 1973 Ferrari 365 GTS/4 Daytona Spider brought $1.32 million and a 1967 Ferrari 275 GTB/4 sold for $1.155 million.

Larry Edsall at Gooding sold 82 percent of its lots. Among them was a 1955 Austin-Healey 100S that brought $632,500, a record sale for a 100S Healey, of which 41 of the 50 built remain in existence.

Now that’s a Dusie duo!
Both best-in-show winners at the 16th annual Amelia Island concours d’elegance were Duesenbergs. Amelia Island awards be best in show for concours-class cars and another for was with racing history. The concours class winner was the 1933 Duesenberg SJN Arlington Torpedo sedan from the Nethercutt Collection in California while the best racer on the island last weekend was the 1935 Duesenberg SJ Speedster “Mormon Meteor” that set speed records at Bonneville and is owned by Harry Yeaggy, a prominent car collector from Ohio.

Florida auctions: $99 million and counting
After Mecum at Kissimmee, Auctions America at Fort Lauderdale, and RM and Gooding on Amelia Island, classic car auctions on the Florida peninsula this year have posted $99.2 million in sales, and that total should grow significantly after Barrett-Jackson’s auction at Palm Beach in early April.

For those keeping score at home, the total for the five major Arizona auctions was $196.1 million.

Mecum moves Corvettes at KC
Led by a 1965 Chevrolet Corvette convertible that sold for $188,000 and a 2006 Ford GT that brought $157,500, Mecum reported sales of $6.6 million for its Kansas City auction, where 64 percent of the lots were sold. Six of the top-10 sales at the event were 1965-67 Corvette convertibles.

Hagerty looking for young reporting star
As part of its Operation Ignite! program to introduce the next generation to the classic car hobby, Hagerty Insurance has launched a Youth Reporter Contest. Budding reporters aged 8-17 are asked to prepare a video that runs three to five minutes in length and showcases their reporting skills at a classic car event. The winner and a parent will be invited to four major summertime classic car events, including the Monterey weekend.

For details, see the website. Entry deadline is May 1.

Click here for event calendar.


Click here for more articles by Larry Edsall.

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