MULTIPLE WORLD AUCTION RECORDS SET AS BONHAMS TWO-DAY QUAIL LODGE SALE MAKES HISTORY

August 25, 2014 by Bonhams

Ferrari charges to the forefront as Bonhams sets nine new model records for the legendary Italian marque

The second day of Bonhams highly anticipated Quail Lodge auction saw many world records set for Maserati, Mini, Napier, Rolls-Royce, Speedwell and, most famously, Ferrari.

With 117 cars on offer and a 92% sell-through rate, the two-day auction, which many were dubbing the 'sale of the year', brought a total sales figure of $108,000,000 (£64,578,327 or €80,628,104).

After Thursday night's exciting, record-making sale of the 1962 Ferrari 250 GTO, which made history when it achieved over $38-million, making it the most valuable car to ever be sold at auction, Bonhams went on to set several more records.

For Ferrari, the most coveted of all marques, Bonhams broke an incredible nine model records. A 1966 Ferrari 275 GTB – Bonhams' catalog cover car – sold for $3,850,000 (£2,306,920) to the applause of the audience and set a new record for the steel-bodied, non-competition, 3-carburetor model, as did a stunning 1958 Ferrari 250 GT Series 1 Cabriolet when it sold for a very impressive $6,820,000 (£4,086,544). The 1973 Ferrari 365 GTS/4 Daytona Spider made a record at $2,640,000 (£1,581,888) while a 1993 Ferrari F40 LM did the same at $2,200,000 (£1,318,240), and a lovely 1967 Ferrari 330 GTC sold for $1,017,500 (£609,686). Other Ferrari models that sold for world auction records included:

1969 Ferrari 365 GT 2+2: $375,500 (£214,214)

1971 Ferrari 365 GTB/4 Daytona Berlinetta: $946,000 (£566,843)

1991 Ferrari F40: $1,430,000 (£856,856)

A truly rare piece of early American motoring, the 1912 Speedwell 12-J Speed Car – the only Speed Car in existence – surpassed all estimates and achieved $869,000 (£520,704).

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The 1963 Rolls-Royce Phantom V Touring Limousine that belonged to, no less, the King of Rock 'n' Roll was the subject of spirited bidding and was ultimately won by an American collector for $396,000 (£237,283), smashing its pre-sale estimate and setting a record for the model.

The rare and irresistible 1962 Austin Mini Beach Car also set a record when it made an astounding $181,500 (£108,754) – more than any other customer Mini ever sold at auction.

Records were also made for models from Maserati and Napier when a gorgeous 1967 Maserati Ghibli 4.7-Liter Coupe realized $385,500 (£230,692) and its stunning convertible counterpart, a 1969 Maserati Ghibli 4.7-Liter Spider, achieved $814,000 (£487,748), while the stately 1908 Napier Type 23A 45 HP 7-Seater Touring sold to a private American collector for $1,034,000 (£619,572).

Says James Knight, Bonhams Global Head of Motoring, 'The growth of the Bonhams motorcar department over the past few years has been tremendous, particularly in the USA. The 2014 Quail Lodge auction clearly demonstrates Bonhams' position as a serious player and the go-to auction house to achieve world records. We already have some exciting motorcars lined up for our next auctions both in America and in Europe.'

Malcolm Barber, Bonhams Co-Chairman, adds, 'As always, it's been a pleasure to partner with The Quail: A Motorsports Gathering, one of the world's premier collector car events, and bring a truly blue chip selection of motorcars to Carmel. We made history over the last two days and we are very satisfied with the results.'

For a complete list of sales results, visit www.bonhams.com/quail.