Led by a million-dollar charity purchase, Bonhams’ fifth annual auction in conjunction with the Zoute Grand Prix in Belgium produced €5,514,777 (more than $6.45 million) in sales with an 83 percent sell-through rate.
“The sell-through rate of more than 80 percent illustrates the continued interest both on the continent and further afield for the top examples of beautiful historic motor cars offered by Bonhams,” Philip Kantor, head of Bonhams’ European Motoring division, was quoted in a post-sale news release.
“Such enthusiastic bidding in the room and across the world is always encouraging,” added James Knight, auctioneer and Bonhams’ Group Motoring chairman, “and the prices achieved throughout the sale reflect the palpable excitement in the marquee at Zoute. As an auctioneer, this is one of my favorite sales to conduct as we participate with such an enthusiastic audience. The credit for that must go to the organizers of the Zoute Grand Prix.”
The Zoute Grand Prix serves as sort of a season finale for many European classic car owners. Launched as a season-ending classic car rally, it has grown to include several driving tours through the Flemish countryside, a concours and the auction.
The highlight of the 2017 Bonhams docket was the offering of the final 2017 Mercedes-Maybach G650 Landaulet, direct from the factory. Only 99 were produced, and this one was sold to benefit the Laureus Sport for Good Foundation. Bonhams reported “ferocious” bidding among telephone, online and bidders in the auction room before the luxurious 4×4 sold for more than $1.4 million.
A 1968 Ferrari 365 GTC coupe went to a bidder in the room for more than $940,000.
Five of the top-10 prices were paid for cars from German automakers. In addition to the G6509, three Porsches and a BMW were among the top sales, with a 2002 BMW Z8 roadster and 1967 Porsche 911 S “Sunroof” coupe both drawing high bids beyond their pre-sale estimated values. Also exceeding its pre-sale estimate was a 1965 Jaguar E-type roadster.
Top 10 sales, Bonhams at Zoute Grand Prix 2017
- 2017 Mercedes-Maybach G650 Landaulet, $1,404,840
- 1968 Ferrari 365 GTC coupe, $942,413
- 1957 Porsche 365A 1600 Speedster, $457,743
- 1993 Jaguar XJ220, $457,743
- 2000 BMW Z8 roadster, $370,233
- 1965 Jaguar E-type Series 1 roadster, $293,494
- 1967 Citroen DS21 Decapotable, $255,797
- 1967 Porsche 911S ‘Sunroof’ coupe, $249,066
- 1999 Aston Martin V8 Volante convertible, $242,334
- 1976 Porsche 911 Type 930 Turbo, $228,871
(Prices include buyer’s fees.)
Bonhams upcoming motor car auctions are October 28 at Padua, Italy; November 3 in London; and November 11 at Bothwell Ranch, Los Angeles.