Ten Years and Still Going Strong Bonhams & Butterfields Auction at Quail Lodge Triumphs

. October 5, 2007

Bonhams & Butterfields celebrated the tenth anniversary of its renowned motorcars auctions at Quail Lodge on Friday, August 17th with resounding success.

Having become an institution during the most famous collector car week in the world, Bonhams sale demonstrated once again why the 214-year-old auction house is a leader in the domain of collector cars. Comprising a very diverse and newsworthy selection, lots included premium roadsters, tourers, muscle cars and competition cars. Strong bidding from buyers in the crowded tent and via telephone from numerous locations among four continents resulted in the following highlights:

Jim Taylor, President and General Manager of Cadillac Motors, took the podium aside Bonhams & Butterfields CEO and auctioneer Malcolm Barber to say a few words prior to the offering of the worlds oldest known Cadillac, a 1903 Runabout that proceeded to sell for $337,000 to a private US buyer.
A classic brass era 1907 Packard Model 30 U-series Runabout sold for $403,000.

A local private collector paid $403,000 for a 1931 Rolls-Royce Phantom I Regent Convertible Coupe. No stranger to Pebble Beach, this car has won awards here and at events across the country.

The very elegant and flamboyant 1935 Talbot-Lago T120 Drophead Coupe sold for $293,000 to a private European collector.

As is usual with Bonhams sale at The Quail, sports racing cars feature predominantly and a 1959 Cooper-Climax Monaco Mark I made $287,500 selling to a US racing enthusiast.

The two-time NCRS Top Flight Award-winning and Duntov Award-winning 1968 Chevrolet Corvette L88 Coupe sold for $252,500.

A 1973 Porsche 911 Carrera RS Touring coupe formerly in the collection of the late LA Times publisher Otis Chandler sold for $271,000.

Within the sales automobilia section, an original movie poster autographed by Steve McQueen, Robert Duvall, Jacqueline Bisset and Robert Vaughn for the Oscar-winning film Bullitt sold for $14,040.

A sterling silver Supermarine S.5 Schneider Trophy from 1927 sold to a European buyer for $40,950.

In all, Bonhams & Butterfields auction of Important Collectors Motorcars & Memorabilia garnered nearly $9 million in total sales. Says Mark Osborne, VP of the Motoring Department at Bonhams & Butterfields, “This years sale was another great effort put forth by the International Motorcar Dept. The collector car market is showing strength and continued growth and we’re pleased with the results as well as encouraged for the near and distant future. Much excitement is in the works with noted collections coming to the block with Bonhams.”

Representing the very best of the motoring world, Bonhams auction, held in conjunction with The Quail: A Motorsports Gathering, will once again be remembered as an anchor and highlight of the ‘must attend’ Pebble Beach Car Week.

Sales results are available by going to www.Bonhams.com. In November, Bonhams & Butterfields will offer the prestigious Stan Betz Collection of Von Dutch property during the annual auction of vintage motorbikes at the Petersen Auto Museum in Los Angeles, the kick-off event for the LA LoveRide weekend. For sale at auction will be hundreds of personal effects belonging to the utterly charismatic, beloved motoring personality. The personal property offered at this sale has never previously been exhibited and therefore represents a ‘once in a lifetime’ opportunity to own a part of the legacies of Stan Betz, the owner of Betz Speed & Color and legendary Orange County street rod painter, and Von Dutch (1929-92).

Category: Auction News

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