Used Cars

On the third day of a four-day affair, the 1-mile approach to the Ritz-Carlton Hotel was thoroughly congested. In addition to stand-still traffic, an unbroken chain of cars akimbo were parked on both sides of the grassy shoulder.

A steady stream of walkers of all ages easily out-paced my Ford pickup on the way to the Amelia Island Concours d’Elegance, north Florida’s premier destination for car connoisseurs–and in some cases–car collectors with deep pockets. They have come from around the world to claim bragging rights for owning many of the rarest sporting and cruising motorcars worthy of six to seven-figures.

Welcome sign (2)

We mastered the final quarter-mile in 30 minutes. Once past the event entrance, we took a quick right and followed the signs that led us to a string of ad hoc neighborhood parking concessions charging $40 for the day. Fortunately, as I approached the first backyard turn-in, a couple was just claiming their vehicle–leaving an open spot for me.

“Are you kidding?! I’m not paying that kind of money for a parking spot! That’s highway robbery!” announced Leah to me. 

“Is it any cheaper down the road?” Leah called out to the attendant/mansion owner.

“It’s the same, but if you’re willing to walk back about 20 minutes, you might be able to park somewhere for half the price,” he offered, “but you need to make up your mind ’cause there’s traffic piling up behind you.

I turned into the lot.

“Location, location, location,” I declared.

The sunny skies were a blessing and a curse. The weather was perfect for strolling along the 1st, 10th, and 18th fairways of the Golf Club of Amelia Island…

on the fairway

to gaze at more than 400 classic and exotic automobiles.

fountain (2)

However, the owners who were standing guard over their prized possessions were invariably hard at work, answering questions, overstating their cars’ value, and forever polishing away the glaring fingerprints of so many gawkers-turned-touchers.

volvo door style

A full representation of cars from every manufacturer was mostly categorized by brand, ranging from Datsuns…

Datsuns

to Porsches…

Porsche Sea

with occasional support provided by corporate tents and stages…

Rope around the green

showcasing concept cars…

Silver Arrow

Silver Arrow wheel

Prototype 10

Infiniti 10

steering wheel detail

elite production models,

Carrera GT modelCarrera GT

and vintage heirlooms.

Mercedes V10 (3)

BMW 700

There were novelties…

junk in the trunk

coockpit

clean and dirty

steamed-clean engines to admire…

Porsche engine

Bugatti racing engine

1930 Cadillac V12

and glorious paint jobs to behold…

Pink Panther

hexagons

car body

6 lite Porche

But most enjoyable was sitting on the sidelines watching a parade of auctioned vehicles…

antiques

Horch grill

as they were being polished,

yellow

and preened…

1930 Cadillac (2)

by teams of attentive handlers in white gloves…

Chrystler

before facing RM Sotheby’s gavel. According to the auctioneer:

Leading RM’s string of 19 individual million-dollar-plus sales and claiming top honors of the 2017 Amelia Island auctions was a striking 1937 Bugatti Type 57S Cabriolet, one of only three examples sporting rare coachwork by Vanvooren of Paris. Offered for public sale for the first time in its 80-year history, the highly original Type 57S sparkled under the auction lights during Saturday’s sale session, commanding $7,700,000. Just moments prior to the Bugatti’s sale, a well-known 1929 Stutz Model M Supercharged Coupe, one of only three supercharged Stutzes in existence, proved demand remains strong for great American Classics at auction, selling for $1,705,000 against a pre-sale estimate of $1/1.2 million. The strong sales price represents a new record for a Stutz at auction.

Friday’s sale session was also one for the books, with the Orin Smith Collection generating $31 million in sales with a 100 percent sell-through. A wonderful showcase of RM Sotheby’s expertise and capabilities in handling private collection auctions, the sale represented the first time RM has hosted a Friday evening sale at Amelia, and provided a fitting tribute to a man beloved by the Amelia crowd, drawing a packed sales room. The group of 63 vehicles was headlined by a stunning 1936 Lancia Astura Cabriolet Series III “Tipo Bocca” at $2,145,000. Other notable sales included:

  • the 1956 Bentley S1 Continental Drophead Coupe, just two registered owners from new, shattered both its presale estimate of $700/900,000 and the previous auction record for the model at a final $1,683,000;
  • a superbly restored 1933 Rolls-Royce Phantom II Special Newmarket Permanent Sedan soared past its $1,000,000 high estimate at a final $1,237,500; and,
  • 1966 Aston Martin Short-Chassis Volante, the very first example of just 37 built, sold for $1,705,000.

The power of ‘no reserve’ exhibited at Friday’s Orin Smith Collection sale was witnessed again on Saturday with terrific results achieved for a well-known private collection of 10 sporting cars. Highlighting the group, a dramatic two-tone red and black 1956 Maserati A6G/54 Frua Coupe Series III, much-admired by enthusiasts during preview, provided one of the most intense and lively bidding contests of the weekend, eventually selling for $2,365,000 against a pre-sale estimate of $1.6/2.2 million. From the same collection, a 1974 Porsche 911 Carrera RS 3.0 eclipsed its pre-sale estimate of $900,000 – $1.1 million to storm into the record books at a final $1,375,000 (an auction record for the model). Also commanding strong bids were a spectacular 1954 Mercedes-Benz 300 SL Gullwing, which realized $1,358,500, and a stunning 1955 Alfa Romeo 1900C SS Coupe, which brought $1,100,000.

Other noteworthy sales of RM’s 2017 Amelia Island event include:

  • the 5,694-mile 1995 Ferrari F50, originally delivered to famed heavyweight Champion boxer, Mike Tyson, sold for an above-estimate $2,640,000;
  • 1938 Graham 97 Supercharged Cabriolet, exquisitely restored by RM Auto Restoration, set a new benchmark for a Graham at auction with its strong $770,000 final price; and,
  • ending Saturday’s sale session on a fun note, a 1963 Meyers Manx—the original dune buggy—doubled its pre-sale estimate to sell for a record $68,750.

Collective sales for 135 blue-chip entries generated nearly $71M in sales–producing a record high in the event’s 24-year history…

Cadillac hood ornament

…and at prices that would make a hood ornament blush.