We’ve already shared news of classic cars-as-art exhibitions at two major American art museums. Now comes word that former Petersen Automotive Museum director Ken Gross also is curating Rolling Sculpture: Art Deco Cars from the 1930s and ‘40s to run October 1 through January 15, 2017, at the North Carolina Museum of Art in Raleigh.
Saturday it was RM Sotheby’s turn in the Amelia Island auction spotlight and the company posted $38.8 million in sales at an 88 percent sell-through rate, according to observation by Hagerty, the classic car insurance and value-tracking company that monitors auctions at major American venues. Continue reading
The car that won Aston Martin Lagonda Ltd its first royal warrant — the 1954 Lagonda 3-liter drophead coupe built to the special order of Prince Philip, Duke of Edinburgh — will be offered at H&HClassics auction April 20 at IWM Duxford, Cambs in England. Continue reading
If you had any doubts about how the classic car market has moved in the last few years, consider this from Hagerty, the insurance and car valuation tracking company: In 2011, Gooding & Company’s Amelia Island auction sold 70 car for $17.9 million. Friday, Gooding sold at 1961 Ferrari 250 GT California SWB Spider for $17.16 million, and did another $22.2 million when its sold 17 of entertainer Jerry Seinfeld’s much anticipated 18-car consignment.
Gooding’s overall sales total for the day, according to Hagerty’s preliminary figures, was $58.8 million, some $22 million more than its record 2012 sale at the same location. Continue reading
The rumor mill was churning before the sale Friday of comedian Jerry Seinfeld’s cars at Gooding & Company on Amelia Island, Florida. The 16 spectacular Porsches and two modest Volkswagens were in stunning condition, either impeccably restored or strikingly original, so there was quite a bit of value in the room even without the Seinfeld ownership.
But how would the celebrity cachet of Seinfeld, well-known as a discerning collector of Porsches as well as a mega TV star, effect the bidding? Would it spike the values exponentially as has happened before with cars once owned by Steve McQueen, or the recent sale of Janet Joplin’s psychedelically painted Porsche 356, which went through the roof? Continue reading
Land Rovers were popular with bidders at Silverstone Auctions’ recent Practical Classics Restoration and Classic Car Show held at the NEC in Birmingham, England, where total sales exceeded £1.5million ($2.16 million). Continue reading
Preliminary figures from Hagerty, the classic car insurance and valuation company, indicate that Bonhams’ auction Thursday at Amelia Island generated $27.3 million in sales with a 65 percent sell-through rate. The sales total was nearly double the figure for the same sale a year ago. The average sales price was more than double the 2015 standard.
A 1937 Bugatti Type 57SC sports tourer led the way, selling for $9.735 million, including buyer’s fees. Three other cars topped $1 million. Continue reading
David Gooding was all smiles Thursday as he ambled through the tents of his company’s Amelia Island collector car auction, where about 80 vintage vehicles beckoned to onlookers.
The seventh annual Gooding & Company sale is dominated this year by Jerry Seinfeld’s consignment of 16 glorious Porsches and two early-’60sVolkswagens from his personal collection. Auction watchers are waiting with anticipation to see how the celebrity ownership effects the values of his cars, many of them already rare and highly desirable models in pristine condition. Continue reading
The 1963 Jaguar E-type found under a hedge in Bisley, Surrey, England brought £58,000 ($82,400) at Coys’ Spring Classics auction in London.
“The derelict E-type attracted attention from all four corners of the world and bidders in a packed auction room and via telephone fought fiercely for it on Tuesday night,” Chris Routledge, Coys chief executive, said in a news release. Continue reading