Analysis: Amelia Island auctions show collector car market is strong when expectations are realistic

The 1960 Maserati 3500 GT Spyder at Bonhamst sold for a strong $880,000 | Bonhams
The 1960 Maserati 3500 GT Spyder at Bonhams sold for a strong $880,000 | Bonhams

I heard from a lot of people about the weak classic car market after the Arizona auctions. I contended that the market is not weak but has just slowed down a bit.

If the sales at Amelia Island last week told us anything, it is that great cars are still selling for very strong money. Sure, we are not seeing the huge monthly increases that we have seen over the past few years, but the market, in my opinion, is still very strong indeed. Continue reading

Amelia Island auctions top $134 million as high-end sales soar

A 1961 Ferrari 250 GT California SWB Spider at Gooding was the highest seller, at more than 17,160,000 | Bob Golfen
A 1961 Ferrari 250 GT California SWB Spider at Gooding was the highest seller, at more than 17,160,000, for the Amelia Island auctions | Bob Golfen

A collective sigh of relief rose across Amelia Island on Saturday as the last hammer fell on the five classic car auctions that crowd the three days running up to the concours d’elegance on Sunday.

After the fairly flat sales results that came out of Scottsdale in January, the Amelia Island sales rang up strong numbers that assuaged fears about the health of the marketplace while also establishing the annual Florida automotive festival as a leading venue for selling high-end collector cars. Continue reading

Bob’s favorites at Gooding’s Amelia Island auction

Part of Jerry Seinfeld's lineup of early Porsche sports and race cars at the Gooding auction | Bob Golfen photos
Part of Jerry Seinfeld’s lineup of Porsches and Volkswagens at the Gooding auction | Bob Golfen photos

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

1896 gas-electric hybrid set for Bonhams’ Amelia Island auction

The 1896 Armstrong Phaeton is the earliest-known gas-electric hybrid vehicle | Bonhams
The 1896 Armstrong Phaeton is the earliest known gas-electric hybrid vehicle | Bonhams

A century before there was a Toyota Prius, the earliest known gasoline-electric hybrid vehicle was built by the Armstrong Company of Connecticut. Although the 1896 Armstrong Phaeton looked more horseless carriage than motorcar, it pioneered advanced features that would take the rest of the automotive industry decades to adopt.

The Armstrong can run on electric power only, gas only, or in combination,  featuring regenerative electric-motor assist, electrically operated clutch and the first electric self-starter.

Just one example of the Armstrong Phaeton is known to survive, and it is scheduled for auction by Bonhams at Amelia Island, Florida, on March 10. Continue reading

ClassicCars.com presents Auction Insider tour at Amelia Island 2016

Andy Reid Giving tour at RM Sotheby’s

Classic Car News readers attending the annual collector car weekend on Florida’s Amelia Island have an opportunity to tour the RM Sotheby’s auction preview with ClassicCars.com East Coast editor Andy Reid.
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One-off 1937 Bugatti readied for Bonhams’ Amelia Island auction

The Bugatti 57 SC Sports Tourer is valued by Bonhams in the eight figures | Bonhams
The Bugatti 57 SC Sports Tourer is valued by Bonhams in the eight figures | Bonhams

Certain to be a star at the Amelia Island, Florida, collector car weekend next month is this pre-war gem, a 1937 Bugatti 57SC Sports Tourer with one-off coachwork by Vanden Plas. The car will be auctioned March 10 by Bonhams.

The supercharged straight-8 Bugatti 57SC, chassis 57541, is valued at $11 million to $13 million for what is considered one of the greatest pre-war sports and competition cars, according to Bonhams, with this example wearing an exceptionally handsome and unique body. Continue reading

Driven: 1969 Lancia Fulvia heads for Amelia Island

The 1969 Lancia Fulvia leads the rally-car pack on the way to Amelia Island | Neil Rashba
The 1969 Lancia Fulvia leads the rally-car pack on the way to Amelia Island | Neil Rashba

One of the most outrageous competition machines ever built, a mighty 1983 Lancia 037 rally car, rushed past us, its exhaust snorting and popping as it hunkered down the coastal Florida highway on its way to Amelia Island. Continue reading

Porsche 914 finally gets its place on the show field

Porsche 914 was a featured class at the Amelia Island concours | Andy Reid photos
Porsche 914 was a featured class at the Amelia Island concours | Andy Reid photos

The Porsche 914 is a model that was unloved and discounted by Porsche purists almost since its introduction. Derided as a Volkswagen and not worthy of the Porsche nameplate, these cars suffered for decades. Continue reading

RM Sotheby’s posts strong $59.8 million in sales at Amelia Island auction

1960 Ferrari 400 Superamerica tops Amelia Island auction cars at $6.38 million | Andy Reid photos
1960 Ferrari 400 Superamerica tops Amelia Island auction cars at $6.38 million | Andy Reid photos

Preliminary results from the RM Sotheby’s auction Saturday at Amelia Island show sales of $59.8 million. Ninety eight of 101 lots sold on the block, led by a 1960 Ferrari 400 Superamerica cabriolet that brought $6.38 million. Continue reading

What I’d like to take home from Gooding auction

This gleaming 1953 Fiat 8V Coupe is a one of the auction stars | Bob Golfen
This gleaming 1953 Fiat 8V Coupe is a one of the auction stars, and one of my favorites | Bob Golfen photos

European sports cars reign at Gooding & Company’s Florida auction at Amelia Island, including a rich collection of 17 Porsches and 15 Ferraris, as well as Lamborghinis, Jaguars, Maseratis and MGs, plus an Austin Healey BN7, an Alfa Romeo Guilia Spider and a Sunbeam Tiger powered by a Ford V8. Continue reading