auctions

auctions

A Formula One racecar belonging to arguably the greatest F1 driver in history is apparently such a collector’s item that people will deep pockets are willing to pay a moon’s price for it.

That much was made very clear at the recent Goodwood Festival of Speed after Juan Manuel Fangio’s 1954 Mercedes-Benz W196 sold for a staggering $29.6 million, making it the most expensive car to be sold at a public auction, the most expensive F1 race car ever and, as a cherry on top of the proverbial sundae, the most expensive Mercedes in history.

Lots of "expensive" there, huh?

The racecar, which was sold at a Bonhams auction late last week, is the same one Fangio used to win his second Formula One title in what became an illustrious and now legendary career. It’s noted for being the racecar that introduced a bevy of new technologies into F1, including the use of a fuel-injected engine, an all-independent suspension from Mercedes, a multi-tubular ’spaceframe’ lightweight chassis design, all-round inboard-mounted brakes, and the ’straight-8’ engine ’laydown’ configuration that reduces the car’s overall height.

Suffice to say, this Mercedes racecar is that rare gem in automotive history that commands a price depending on how deep the pockets of the bidders are.

And apparently, "deep" meant to the tune of $29.6 million.

Click past the jump to read about Juan Manuel Fangio

Source: Bonhams
Posted on by Simona  

For the 13th time in a row, Mini is preparing a special model that will be auctioned at the Vienna Life Ball for a good cause. This year it’s time for the company’s seventh model - the new Paceman - to dress up for the good cause.

This year’s Paceman Life Ball Edition was prepared by fashion designer Roberto Cavalli who opted for an iridescent paintwork that shimmers from black to brown, depending on the lighting.

On the roof, there is a huge "Robero Cavalli" logo, while the interior has also been completely redesigned according to Cavalli’s personal taste. The designer opted for a black trim with individual gilded elements – such as the decorative stitching on the leather seats and the Mini Center Speedo surround.

We’re hoping that the new Paceman by Roberto Cavalli will have the same success of all the previous Mini Life Ball models; for example last year the specially designed Roadster by Franca Sozzani was auctioned for €54,000 (around $71,000 at the current exchange rates).

Updated 05/29/2013: The new Mini Paceman by Roberto Cavalli was auctioned for a record €150,000 (about $194,000 at the current exchange rates) during the AIDS Solidarity gala. All the proceeds will go to combat HIV/AIDS.

Click past the jump to read more about the standard Mini Paceman.

Posted on by TB +  

The Aston Martin DB5 is a global phenomenon often referred to as ‘the most famous car in the world’ thanks to its longtime heritage over 50 years of James Bond films. The car itself retook center stage a few times in the films since originally starring in Goldfinger and From Russia With Love, most recently with Skyfall’s Daniel Craig wheeling it out of secret storage before a midnight dash to his childhood orphanage in Scotland.

RM Auctions 2012 sale of this Sierra Blue example also includes a big name attached: Sir Paul McCartney, who rewarded himself with his first Aston Martin just a few weeks after The Beatles breakout appearance on U.S. television via The Ed Sullivan Show.

As special as the DB5’s numerous celeb owners and movie credits are, the coverage can be exhausting sometimes because the same tired facts are reshuffled. In this full review of the DB5, the focus is the merits of the car itself versus its contemporaries like the E-type Jaguar , Lamborghini 350 GT and Ferrari 250 GTO.

The DB5 was also created in a fashionable convertible body-style and as a one-off shooting brake for company lead David Brown, but the two-door hardtops are the most recognizable and affordable examples of 1963’s most advanced car.

Click past the jump for the full review of this cherished dream car.

Posted on by Simona  

Ferrari entered the 1953 24 Hours of Le Mans with three 340/375 MM race cars . One of these three units was auctioned by RM Auctions at the 2013 Concorso d’Eleganza Villa d’Este for a total of €9,856,000 - about 12.7 million at the current exchange rates. Sounds like a good day at the auction for Ferrari, except that it also sold a 288 GTO, a F40, a F50, a Enzo and a 599XX track car. But the the biggest haul still came from the 375 MM, despite RM’s estimates that it would only be sold for the half the price it went for.

Apparently, three wealthy individuals really wanted the car and as everybody knows when there’s a bidding itch among people with deep pockets, the price tends to go up a notch. In the end, the car went to a guy from U.K. who, incidentally, also owns a 250 GTO.

This particular 375 MM has quite an impressive background: it participated at the 24 Hour of Spa, the Carrera Panamericana, and won the 12 Hours of Pescara. The car was driven by three World Champions: Hawthorn, Ascari, and Farina.

Click past the jump to read more about the 1953 Ferrari 340/375 MM Berlinetta.

Source: RM Auctions

The SRT Viper has become quite the popular sports car and true to form, it’s been very popular in the auction block too.

Recently, the design team at SRT unveiled a one-off Viper GTS that will eventually be auctioned off for the Sons of Italy Foundation. Not all surprising considering that the sports car has already gained quite a following in the short time that it’s been around.

The car is called the Viper GTS Sons of Italy Foundation Edition and it’s been specifically built for the occasion. It’s been finished in a tri-coat pearl white body called "Avorio Perla" and complemented by a new set of one-off multi-spoke black vapor chrome wheels serving the perfect contrast to the Viper GTS’ white body.

Inside, the customized one-off Viper GTS comes dressed to the party in full sepia Laguna leather with the unmistakable colors of the Italian flag running down the center of the seats. A red Styker logo can also be found on the steering wheel with red bezel accents while the GTS badge on the glove box also bears the colors of the green, white, and red.

The Sons of Italy Foundation (SIF) is the charitable division of the Order Sons of Italy in America (OSIA), the country’s largest and longest established organization representing men and women of Italian heritage.

Click past the jump to read about the 2013 SRT Viper

Source: Drive SRT
Cadillac CTS Sedan

The 2014 CTS Sedan has definitely grown on a lot of people. Actually, it’s become quite popular in the years that it’s been around, so much so that Cadillac has decided to send the first performance version of the new CTS, dubbed the CTS VSport, to the auction block.

The car will be donated by General Motors to the Society of Automotive Engineering (SAE) Foundation where it will then be auctioned off at a Barrett-Jackson auction later this year.

The proceeds of the auction, which we expect to be quite significant for a CTS VSport, will then head to the foundation’s outreach programs.

GM and Cadillac decided to donate the car after its own senior VP for product development, Mary Barra, was bestowed with the prestigious Industry Leadership Award, becoming the first woman in the SAE’s history to be given such an honor.

Click past the jump to read about the Cadillac CTS VSport

Posted on by TB +  

Ferrari had a big problem with its 400 series when it debuted in 1959. Sure, the car packed a racing V-12 and all the gravitas a Ferrari badge can bring, but its brutal style made the front-engine 2+2 GT car a tough sell in one of Ferrari’s fastest-growing markets: the United States.

An emergency refresh was undertaken. Gone was the 400’s square grille and quad headlamp setup, replaced by Ferrari’s delicious oval slatted grille and single round headlamps under glass at each corner. Suddenly, the 400 Superamerica SWB Coupé Aerodinamico was as gorgeous as its two-seat siblings.

This very car, one of 36 built, is owned by famed driving instructor Skip Barber and is set for auction this weekend on May 25th by RM Auctions in Lake Cuomo, Italy. The pre-sale estimate is between $2.4 and $3 million, but the bidding could well reach $5 million before the dust settles.

Beneath the Superamerica Aerodinamico’s sumptuous bodywork lies the vanguard of Ferrari tech at the time, much like the Ferrari 456GT and current FF . Part of the “America” series of cars that included the 330 GT and 365 GTC , the plan in Modena was to leverage the flexibility offered by their small-scale Pininfarina bodywork team to create unique shells that would sell cars in crucial markets, like New York and Los Angeles, as well as Firenzi and Roma.

Click past the jump for the full review and photo gallery of this timeless classic, the 400 Superamerica Coupe SWB Aerodinamico.

It’s no surprise to anyone that Fisker is on life support and is nearing its final breath, as it has had way too many issues over the years. Even with the company likely organizing its affairs for bankruptcy, no one could have ever anticipated seeing a Karma for sale at less than half of the sticker price.

Well, we can now see that the unexpected is a reality, as Karmas are starting to trickle onto Ebay at massive discounts. When we drove the Karma , we found that it drive like a far more expensive car than its $100K price tag and later found that it actually costs more to develop and advertise than Fisker was actually selling the model for.

As of May 17th, we found four Karmas for auction on Ebay with current bids that run from $50,000 to $79,995 with less than 10,000 miles on their odometers. In fact, the $50,000 model only has 550 miles and it is 1 of 100 Signature Editions. Business Insider actually managed to dig one up for $40,200, which adds up to 60 percent off of the MSRP.

From the looks of it, Karma owners are getting spooked by Fisker’s financial trouble and the fact that if the company goes under, there is no large backer to cover warranty and service issues. Unlike when Pontiac and Saturn closed up shop, Fisker doesn’t have GM behind it to provide post-mortem support.

Posted on by Simona  

Back in 2007, Pratt and Miller Engineering was asked by GM to develop a road-going version of the C6R racecar as a special gift to Jay Leno. Apparently, the company was impressed by the result and a total of seven units were developed in the end. Back then, the Corvette C6RS was priced at $330,000.

If you are interested in owning one of the seven C6RS models ever built, you now have the chance to win serial No. C6RS003 – a unit specially ordered and built for Pratt & Miller’s official race photographer – at auction.

If you are interested, you can bid on this car on eBay. Currently bid is a little under $110k, but we expect to see it jump up pretty quickly as the end of the auction approaches. Hurry up though, as the bidding war ends on May 19th, 2013.

Click past the jump to read more about the Chevrolet Corvette C6RS.

Posted on by Simona  

During this past weekend, RM Auction scored another great result, as its Don Davis Collection crossed the auction block for over $21.2 million - a record-breaking total. The collection included a total of 64 cars with the highest bid going to a 1967 Ferrari 330 GTS , which was sold for $1,936,000 - another auction record.

The second place goes to a 1973 Ferrari 365 GTB/4 Daytona Spider , which was been auctioned for $1,650,000. Next there was a 1967 Toyota 2000GT that sold for $1,155,000 - a record for the model - a 1988 Porsche 959 ’Komfort’, which sold for an outstanding $770,000; a 1965 Rolls-Royce Silver Cloud III Mulliner Park Ward Drophead Coupe for $577,500; and a 1965 Lamborghini 350 GT Coupe for $550,000.

After this success, RM Auction will continue to the Concorso d’Eleganza Villa d’Este weekend, May 25, Concours d’Elegance of America at St. John’s, July 27th and Pebble Beach Concours d’Elegance on August 16th through 17th.

Click past the jump to learn more about the highest bids.


Back to top