Category archives: Auctions

Russo and Steele debuts new online bidding at Newport Beach

A 1932 Ford street rod will be sold during the Private No Reserve Collection sale | Russo and Steele photos
A 1932 Ford street rod will be sold during the Private No Reserve Collection sale | Russo and Steele photos

Russo and Steele heads back to Southern California for its fifth annual Newport Beach sale June 2-4 at the Newport Dunes Waterfront resort, where more than 250 collector cars are scheduled to cross the block.

The California auction will introduce a new online bidding platform, according to Russo and Steele, with real-time bidding, video streams, online catalogs with direct highlighted lot notifications, and mobile apps available through iTunes and the Google Play Stores. Continue reading

Vendors go to court seeking money from Finest auctions

The auction venue for The Finest sale last year in Aspen | The Finest auction photo
The auction venue for The Finest sale last year in Aspen | The Finest auction photo

Bradley Farrell, founder and chief executive of The Finest Automobile Auctions, still wants to pursue his goal of interactive, online sales of collector cars, but for now the company is not staging additional on-site auctions and is being sued by several vendors for nearly $600,000.

“In a holding pattern,” Farrell said. “The board is deciding what to do next. I (still) want to do a virtual (online) auction. We may restructure.” Continue reading

Mecum back in Vegas with another motorcycle auction

THe 1931 Indian flat tank four is a featured bike from the Ernest 'Bud' Cox collection | Mecum Auctions photos
THe 1931 Indian flat tank four is a featured bike from the Ernest ‘Bud’ Cox collection | Mecum Auctions photos

Mecum launches its inaugural summer motorcycle auction in Las Vegas this weekend, with about 600 vintage collector bikes consigned for the three-day event. The sale takes place at the South Point Casino, Hotel and Spa, with a preview day Thursday and motorcycles crossing the block on Friday and Saturday.

The sale is the second motorcycle auction held by Mecum in Vegas this year, the other one taking place annually in January, a longstanding event that the auction company continued four years ago when it acquired MidAmerica Auctions. Mecum also holds a motorcycle auction during Monterey Car Week in conjunction with its collector car auction in Monterey, California. Continue reading

Castle-found collection scores at Spa sale for Bonhams

300 SL roadster tops Bonhams' Spa Classic auction | Bonhams photos
300 SL roadster tops Bonhams’ Spa Classic auction | Bonhams photos

The sounds of Ferrari 250 GTOs, Mercedes-Benz 300SL and McLaren F1s roaring around the Circuit de Spa Francorchamps weren’t the only sounds heard Sunday at the historic Belgian racing circuit. Punctuating that mechanical symphony was the knock of the auction hammer indicating another vehicle had been sold at the Bonhams’ fourth Spa Classic auction.

The boutique sale featured an 80 percent sell-through rate with collector cars from Germany and wearing Mercedes-Benz or Porsche badging. Total sales exceeded $5.35 million. Continue reading

Mecum goes international with vintage tractors in Canada

1920 Allis-Chalmers 6-12 is among oldest examples from the brand | Mecum Auctions photos
1920 Allis-Chalmers 6-12 is among oldest examples from the brand | Mecum Auctions photos

Mecum Auctions’ Gone Farmin’ division is adding a sale to its 2017 calendar, offering more than 300 vintage tractors July 14-15 at its first international on-site event, selling the George Nesbitt Allis-Chalmers Collection in Renfrew, Ontario, Canada.

In its news release, Mecum said Nesbitt’s is “one of the world’s most comprehensive vintage Allis-Chalmers tractor collections” and includes “nearly ever model Allis-Chalmers has ever produced from the early teens up through the 1980s.” Continue reading

Bonhams to host Surtees foundation auction

Drivers and cars at 2016 fund-raiser | Henry Surtees Foundation photos by Jakob every
Drivers and cars at 2016 fund-raiser | Henry Surtees Foundation photos by Jakob every

In 2009, 18-year-old Henry Surtees died from injuries sustained in a crash in a Formula 2 race at the Brands Hatch circuit in England. In the aftermath, Surtees’ father, the only person to win world motorcycle and Formula 1 racing championships, established the Henry Surtees Foundation.

The foundation’s goal is “to assist people with brain or physical injuries caused by accident to return to community living by the provision of support for equipment and facilities.” Continue reading

James Bond and barn finds: Aston Martin sale hits $6.46 million

An Aston Martin DB5, the favored ride of 007, was the auction's highest seller | Bonhams photos
An Aston Martin DB5, the favored ride of 007, was the auction’s highest seller | Bonhams photos

James Bond magic lifted the sale of a 1964 Aston Martin DB5, the same model driven by the fictional British spy, to £561,500 ($725,600) to top Bonhams 18th annual Aston Martin auction, held Saturday at the automaker’s ancestral home at Newport Pagnell, Buckinghamshire, UK.

The sale achieved more than £5 million ($6.46 million), with all reported results including auction fees. The overall results include 25 Astons sold of the 42 cars offered, plus nearly all of a huge selection of Aston Martin- and Lagonda-related automobilia, parts, artworks, clothing and literature. Continue reading

Eclectic sells well for Auctions America at Auburn Spring

The docket was varied for the annual Auburn Spring sale | Auctions America photos
The docket was varied for the annual Auburn Spring sale | Auctions America photos

With a top-10 sales list packed with Ferrari race cars from the Level 5 stable, World War II-era military vehicles, a Cunningham hearse and such standards as a pre-war Packard, a Shelby Mustang and Porsche GT3, Auctions America’s Auburn Spring sale featured an eclectic and well-received docket.

Overall, 83 percent of the lots went to new owners last weekend with total sales of $10.2 million, one of the highest figures in the auction’s history. Continue reading

Porsches set pace at Silverstone’s May Sale

1993 Leichtbau breaks barrier at auction | Silverstone Auctions photos
1993 Leichtbau breaks barrier at auction | Silverstone Auctions photos

Silverstone Auctions seems quite happy that a 1993 Porsche 911 S Turbo Leichtbau broke the half-million-pound plateau at its May Sale late last week at England’s Silverstone racing circuit. The car was a special-edition Porsche that sold for £556,875 ($717,598).

Overall, the auction, which featured 75 cars crossing the block, generated £3.6 million (nearly $4.64 million) with a 72 percent sell-through rate. Continue reading

Worldwide Auctioneers joining Monterey car-week party

This 1937 SS 100 s.5-liter open tourer among early consignments for Worldwide's inaugural Monterey sale | Worldwide Auctions photo
This 1937 SS 100 s.5-liter open tourer among early consignments for Worldwide’s inaugural Monterey sale | Worldwide Auctions photo

Worldwide Auctioneers launched its new Scottsdale sale earlier this year and has announced yet another new auction, scheduled for August 17 as part of the Monterey Car Week. The Pacific Grove Auction on the Monterey Peninsula is to offer around 70 cars on the oceanside setting of the Pacific Grove Golf Links, the Auburn, Indiana-based auction house announced. Continue reading