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2007 Bonhams Gstaad Auction
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Click here to open the slideshowIntroduction
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 slideshow.

Automobilia
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.

Motor Cars
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.

Conclusion
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.

#DescriptionEstimateHigh BidRemarks
2011974 Ferrari 365 GTB/4 Daytona250,000 - 280,000275,000
2021965 Fiat 500 Transformabile Saloon16,000 - 20,00019,000No Reserve
2031963 Lancia Flaminia 2.8L 3C Touring40,000 - 50,00027,000
2041967 Ferrari 330GT 2+2 Series II100,000 - 130,000125,000
2051971 Ferrari 246 GT Dino170,000 - 190,000160,000
2061969 Maserati Mistral Spyder200,000 - 250,000270,000
2071954 Ferrari 250 Europa650,000 - 750,000630,000 No Sale
2081950 Alfa Romeo 6C 2500 Cabriolet220,000 - 320,000360,000
2091976 Ferrari 512 BB130,000 - 180,000116,829
2101990 De Tomaso Pantera GT5S160,000 - 220,000135,000 Last Pantera
2111954 Lancia Aurelia B20GT120,000 - 140,000105,000 No Sale
2121963 Autobianchi Bianchina Eden Roc22,000 - 28,00022,000
2131971 Maserati Ghibli SS110,000 - 130,000105,000 No Sale
2141958 Ferrari 250 GT Coupe360,000 - 400,000370,000
2151992 Ferrari F40420,000 - 500,000430,000
2161969 Ferrari 365 GTC360,000 - 410,000350,000 No Sale
2171975 Ferrari 308 GTB 'Facetti'420,000 - 580,000340,000 No Sale
2181970 Maserati Ghibli Spyder310,000 - 350,000332,000
2191966 Ferrari 275 GTB/2 6C1,000,000 - 1,100,0001,120,000
2201968 Lancia Flaminia 3C 2.8 Zagato200,000 - 250,000150,000 No Sale
2211965 Ferrari 275 GTS640,000 - 740,000720,000
2221930 Lancia Lambda80,000 - 130,00072,500
2231924 Alfa Romeo RM 4WD Half Track350,000 - 450,000300,000 No Sale
2241960 Lancia Appia Cabriolet32,000 - 36,00016,000 No Reserve
2251955 Alfa Romeo 1900C SS Touring80,000 - 130,00067,000
2261974 Ferrari 365 GTB/4 Daytona420,000 - 480,000410,000
2271990 Ferrari 328 GTS130,000 - 150,000125,000 99km from new
2281955 Lancia Aurelia B24S Spider550,000 - 650,000520,000 No Sale
2291952 Siata 208 CS Bertone Berlinetta450,000 - 550,000380,000 No Sale
2301962 Maserati 3500 GT80,000 - 100,00090,000
2311974 Lancia Stratos HF Stradale250,000 - 320,000245,000
2321937 Maserati 4CMUpon Request760,000No Sale
2331967 Lamborghini 400 GT 2+2230,000 - 260,000238,000
2341971 Alfa Romeo 33 TT3860,000 - 960,000760,000 No Sale
2352003 Ferrari 550 / 575 GTC680,000 - 780,000570,000No Sale
2361952 Siata 300BC Barchetta160,000 - 200,000135,000 No Sale
2371972 Ferrari 246 GT Dino170,000 - 200,000185,000
2381960 Ferrari 246 F1 Dino Replica1,000,000 - 1,200,000900,000 No Sale
2391978 Ferrari 308 GTB75,000 - 90,000 Withdrawn
2401983 Ferrari 512BBi130,000 - 180,000129,400
2412001 Ferrari 550 Barchetta250,000 - 300,000210,000No Sale
2421980 Ferrari 512 BB140,000 - 160,000200,000
*All prices listed are in Swiss Francs and without taxes and commission.

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Report by Wouter Melissen and images by Wouter Melissen and Pieter Melissen for Ultimatecarpage.com.