Bonhams celebrated the 10th anniversary of their annual auction in the Swiss jet-set ski-resort of Gstaad. Until last year the sale in the luxurious five-star Palace Hotel was reserved exclusively for Ferraris and Ferrari related automobilia. After allowing Maseratis in last year, the auction was now open to all cars as long as they were Italian. It sure is a stark contrast with a couple of years ago when highlights included Ferraris in multi million dollar range like a 250 GT Tour de France or a 250 GTO. The ever increasing prices and the dwindling dollar have made these cars too expensive to sell at auction, particularly considering the commission charged by auctioneers. This has made it very difficult for Bonhams to track down high profile (Ferrari) lots for the 10th anniversary sale. What has not changed was quality and scope of the forty odd available motor cars. All of them were in either top notch, carefully restored condition or highly original. Bonhams has also always tried to cater for a wide range of budgets. Last year a Maserati Biturbo found a new owner for a price that was (jokingly) compared with a cab-fare to the Geneva airport.
For the sixth year running we travelled to Gstaad and captured the Bonhams Auction in its entirety. All automotive lots have made it into our 90-shot
At 2 pm the auction kicked off with a 140-lot automobilia sale, which already attracted a large crowd. The items available ranged from a Ferrari 60th anniversary commemorative racing bike to trophies won by Italian racing drivers Alberto Ascari and Luigi Villoresi. Although there were fairly few bidders, many of the lots found new owners for reasonable prices. The Villoresi trophies fetched an impressive CHF 38,000*, but the CHF 26,000 offered for the Ascari ones was insufficient. Things got really interesting when sales brochures of the 500 Mondial and the 750 Monza were offered. Both were estimated to sell for well under CHF 1,000. There were two enthusiasts that had other plans and to the amazement of all, early bids of around the estimates were quickly eclipsed by a sudden leap to CHF 20,000. Both bidders got one each for CHF 21,000 and CHF 28,000 respectively. It looked set to become a successful afternoon.
An absolutely packed ball-room of the Palace Hotel witnessed the start of the car auction at 4 pm. It started off well with a 365 GTB/4 Daytona fetching CHF 275,000, despite not having run for over six years. Another early top seller was a beautiful Maserati Mistral Spyder, once owned by the factory museum, was sold for a better than estimated CHF 270,000. One of the absolute highlights of the auction was an Alfa Romeo 6C 2500 SS, which had been stored for over thirty years. It was only discovered recently and carefully brought back to life without damaging any of its highly original patina. Once the most expensive new car available, it was hammered down for CHF 40,000 over the top estimate at CHF 360,000. One of most interesting lots of the sale was a Ferrari 250 GT Coupe powered by an engine specifically prepared to competition specification for Enzo Ferrari. It was sold for CHF 370,000, which was well within the estimate and an impressive result for a type of Ferrari that not long ago was often butchered to build 250 GTO and 250 TR replicas.
The first and only time seven figures graced the bidding screen was for a freshly restored Ferrari 275 GTB 6C. It was sold to a anonymous phone bidder for CHF 1,120,000. Bidding in the room for the fabulous example had stopped at CHF 1,100,000, which was also its top estimate. Unfortunately this was one of only very few of the CHF 500,000+ lots to find a new owner, although bidders came close at several occasions. At CHF 720,000 and just shy of its top estimate, the next best seller was a Ferrari 275 GTS. Auctioneer James Knight used all his talents to conclude the sale with a fabulous result; he managed to drag a low mileage, original 512 BB to CHF 200,000; 25% over its top estimate.
Thanks to a flying start, this Wednesday afternoon turned out to be quite successful for Bonhams. Several of the cars that were initially passed were sold after the auction. The packed room was filled with many prominent collectors and dealers. Bonhams’ staff was also kept busy with telephone bidders. Together they ensured the 10th anniversary sale was a success.
Before the auction it has been suggested that it could be the last Gstaad auction, but hopefully the results of the 10th anniversary auction will encourage Bonhams to continue with the great season finale in Gstaad.
To conclude our report we must add that the snow around Gstaad was absolutely fantastic this year and well worth the trip alone.
*All prices listed are in Swiss Francs and without taxes and commission.
|201||1974 Ferrari 365 GTB/4 Daytona||250,000 - 280,000||275,000|
|202||1965 Fiat 500 Transformabile Saloon||16,000 - 20,000||19,000||No Reserve|
|203||1963 Lancia Flaminia 2.8L 3C Touring||40,000 - 50,000||27,000|
|204||1967 Ferrari 330GT 2+2 Series II||100,000 - 130,000||125,000|| |
|205||1971 Ferrari 246 GT Dino||170,000 - 190,000||160,000|| |
|206||1969 Maserati Mistral Spyder||200,000 - 250,000||270,000|| |
|207||1954 Ferrari 250 Europa||650,000 - 750,000||630,000 ||No Sale|
|208||1950 Alfa Romeo 6C 2500 Cabriolet||220,000 - 320,000||360,000|| |
|209||1976 Ferrari 512 BB||130,000 - 180,000||116,829|| |
|210||1990 De Tomaso Pantera GT5S||160,000 - 220,000||135,000 ||Last Pantera|
|211||1954 Lancia Aurelia B20GT||120,000 - 140,000||105,000 ||No Sale|
|212||1963 Autobianchi Bianchina Eden Roc||22,000 - 28,000||22,000|| |
|213||1971 Maserati Ghibli SS||110,000 - 130,000||105,000 ||No Sale|
|214||1958 Ferrari 250 GT Coupe||360,000 - 400,000||370,000|| |
|215||1992 Ferrari F40||420,000 - 500,000||430,000|| |
|216||1969 Ferrari 365 GTC||360,000 - 410,000||350,000 ||No Sale|
|217||1975 Ferrari 308 GTB 'Facetti'||420,000 - 580,000||340,000 ||No Sale|
|218||1970 Maserati Ghibli Spyder||310,000 - 350,000||332,000|| |
|219||1966 Ferrari 275 GTB/2 6C||1,000,000 - 1,100,000||1,120,000|
|220||1968 Lancia Flaminia 3C 2.8 Zagato||200,000 - 250,000||150,000 ||No Sale |
|221||1965 Ferrari 275 GTS||640,000 - 740,000||720,000|| |
|222||1930 Lancia Lambda||80,000 - 130,000||72,500|| |
|223||1924 Alfa Romeo RM 4WD Half Track||350,000 - 450,000||300,000 ||No Sale|
|224||1960 Lancia Appia Cabriolet||32,000 - 36,000||16,000 ||No Reserve|
|225||1955 Alfa Romeo 1900C SS Touring||80,000 - 130,000||67,000|| |
|226||1974 Ferrari 365 GTB/4 Daytona||420,000 - 480,000||410,000|| |
|227||1990 Ferrari 328 GTS||130,000 - 150,000||125,000 ||99km from new |
|228||1955 Lancia Aurelia B24S Spider||550,000 - 650,000||520,000 ||No Sale|
|229||1952 Siata 208 CS Bertone Berlinetta||450,000 - 550,000||380,000 ||No Sale|
|230||1962 Maserati 3500 GT||80,000 - 100,000||90,000|| |
|231||1974 Lancia Stratos HF Stradale||250,000 - 320,000||245,000|| |
|232||1937 Maserati 4CM||Upon Request||760,000||No Sale|
|233||1967 Lamborghini 400 GT 2+2||230,000 - 260,000||238,000|| |
|234||1971 Alfa Romeo 33 TT3||860,000 - 960,000||760,000 ||No Sale|
|235||2003 Ferrari 550 / 575 GTC||680,000 - 780,000||570,000||No Sale|
|236||1952 Siata 300BC Barchetta||160,000 - 200,000||135,000 ||No Sale |
|237||1972 Ferrari 246 GT Dino||170,000 - 200,000||185,000|| |
|238||1960 Ferrari 246 F1 Dino Replica||1,000,000 - 1,200,000||900,000 ||No Sale|
|239||1978 Ferrari 308 GTB||75,000 - 90,000|| ||Withdrawn|
|240||1983 Ferrari 512BBi||130,000 - 180,000||129,400|| |
|241||2001 Ferrari 550 Barchetta||250,000 - 300,000||210,000||No Sale|
|242||1980 Ferrari 512 BB||140,000 - 160,000||200,000|| |