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RM Auctions Of May 2013 (Part 1)

5/13/2013 11:33:13 AM
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1961 Ferrari 250 GTE

Sold at: $226,100

SN2697GT: Off-white over blue leather interior. 240-hp, 2953-cc V-12; four-speed manual transmission. Poor cosmetics throughout. Poor to very poor paint. Some rust in the rocker panels and door bottoms. Most chrome is surprisingly good. Original and quite tired interior, although new stuffing could bring the seats back to life.

1961 Ferrari 250 GTE

1961 Ferrari 250 GTE

The story behind the sale

Often derided as the “family Ferrari,” the 250GTE was a production car from a company that mostly made bespoke vehicles. With room for four in its two-plus-two body, a 250GTE was never as sexy or as desirable in the marketplace as other Ferraris built alongside it in Maranello.

Ten years ago, you could fill every square foot of your garage in decent 250GTEs for just a fraction of this price. Don't believe us? A sample of listed cars from random Ferrari Market Letters in 2003 includes a “perfect,” concours-winning, not-street-driven-since-restoration example with an asking price of $89,000; a “very original” late-serial-number car with a $62,500 dealer price; and a “mechanically sound, no rust” GTE for $50,500.

Quite literally the nicest thing you could say about this car was that the engine compartment was well detailed. This far-from-restored beater is creeping up on a quarter of a million dollars. A truly nice, high-quality car would no doubt well exceed $300K.

1963 Volkswagen Beetle

Sold at: $16,279

1963 Volkswagen Beetle

1963 Volkswagen Beetle

SN 5623104: Pearl white over brown cloth. 40-hp, 1192-cc flat four; four-speed manual. 68,125 kilometers. Very good paint and chrome. Inside is as original, with excellent seats, dash, and fittings. Not exceptionally low miles, just well preserved and cared for.

A nicely done, unmolested example of a European-delivery Beetle that thankfully wasn’t tarted up with recently acquired “period” accessories like so many cars seen at auctions in America. On the Mama Bear, Papa Bear, Baby Bear scale, this Beetle is just right. Sold for more than its $8000-to-$10,000 estimate - and deservedly so.

1970 Maserati Ghibli Spyder

Sold at: $416,024

1970 Maserati Ghibli Spyder

1970 Maserati Ghibli Spyder

SN AM11SS1161: Celeste blue with black top over senape leather 330-hp, 4719-cc V-8; five-speed manual. Just over 41,000 miles. Options include A/C, power windows, and power steering. Very well-done paint. Excellent brightwork and convertible top. Borrani wire wheels could use a polish. Excellent leather, great dash, one small tear in the “mouse fur” dash top. Overall, this is very close to a superstar car; you would have to work to find a nicer example.

It’s been a wild ride for European exotics from the 1960s and ’70s recently, and most of that ride has been straight up. Two-seat cars more than four-seaters, V-8s more than straight sixes, but anything with a top that goes down has been breaking records. This is fully $100,000 more than might have been expected less than one year ago. Now it looks like $450,000 or even more might be the next step on the value ladder for Ghibli Spyders.

1945 Ford GPW

Sold at: $18,088

1945 Ford GPW

1945 Ford GPW

SN 255795: Olive drab over green vinyl. 60-hp, 134 cubic-inch in-line four; three-speed manual. Excellent paint. All trim and military fittings are in good to excellent shape. Gauges and seat materials are correct in style and in good condition.

Most World War II-era Jeeps came from Willys, but Ford built about 278,000 examples, including this one. GPW was Ford’s designation for “General Purpose Willys.” No matter the manufacturer, only a small portion of the production survived; some are still serving active duty in regular civilian use, and others are in museums.

1977 Dodge D150 Adventurer SE

Sold at: $15,375         

1977 Dodge D150 Adventurer SE

1977 Dodge D150 Adventurer SE

SN D14BD7S151065: Two-tone blue over blue cloth and vinyl. 220-hp, 440-cubic-inch V-8; automatic. 32,041 miles. Well-preserved - still wears Pennsylvania inspection stickers from two decades ago. Very good paint. Good bright work. Very clean interior. Features period-style accessories, including a CB radio and lots of lights.

Consigned by a Dutch owner, this Adventurer looks every bit the low-miles example and was a great slice of Americana in London. It sold for a good bit more than the high estimate but still isn’t a bad deal for the end user. Let’s hope the buyer is a fan of the color blue.

1966 Iso Grifo coupe

Sold at: $208,012

1966 Iso Grifo coupe

1966 Iso Grifo coupe

SN 660115GL: Gunmetal gray over blue leather. 425-hp (est.), 327-cubic-inch V-8; four-speed manual. Modified with racing parts, including quick-fill fuel-tank neck, emergency on/off switches, roll bar and fire suppression system. Fair paint, door-gap issues, good bright work.

Iso was a small Italian manufacturer that built some great, and often beautiful, cars in the 1960s and early 1970s. Those cars were of European design and equipped with American V-8s, which was also the formula for the Grifo. Now recognized as one of the most desirable small-build-quantity cars from the 1960s, the Grifo continues to increase in value. This one likely would be worth more with the racing gear removed.

2005 Mercedes-Benz CL500 custom

Sold at: $57,882

2005 Mercedes-Benz CL500 custom

2005 Mercedes-Benz CL500 custom

SN WDB21S3751A042982: Red over beige leather interior decorated with 24-karat gold emblems, Alcantara, and Swarovski crystals and fabric. 302-hp, 5.0-liter V-8; automatic. Completely customized by AG, which named the car Excalibur. A well-executed custom with good build quality but just a tad over the top. Excellent paint, very good trim, excellent upholstery.

Rolling on thirties, baby! Well, at least the rear wheels are thirty inches in diameter; the fronts are twenty-fours. The inside looks as if someone got hold of a rogue BeDazzler and went crazy - there’s more crystal than an entire season o/Toddlers and Tiaras. It gets a 10 for imagination but substantially lower marks for good taste.

 
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