Bonhams Drives Italian Marques to a Strong Finish in £2.9-Million Gstaad Sale

Set on the slopes of the Swiss Alps, in the heart of one of Europe’s premier winter resorts, the Palace Hotel opened its doors once again to collectors and enthusiasts from around the world, attending Bonhams’ 10th annual sale in Gstaad on 19 December 2007. The £2.9-million sale total reflected the high level of interest across the range of exclusive Italian motorcars offered, with very strong prices achieved for road-going Ferraris.

Top price of CHF1,241,468 (£534,533, Euro748,987) was achieved for an exceptional 1966 Ferrari 275GTB/2 6C, one of only 30 examples of this long-nose 2-cam Berlinetta built. This car, in the hands of one owner for over 30 years, was offered in exquisite condition and sold above the top estimate to a European Private Collector.

Another stunning Ferrari, owned by one family for nearly all of its life, attracted very competitive bidding. The 1965 Ferrari 275GTS Spider fetched CHF800,576 (£344,700, Euro 482,993). Guaranteed to turn heads in the hands of its new owner, the black-liveried Spider had only covered 36,500km from new.

Other notable successes in the sale included:
The1992 Ferrari F40 Berlinetta, modified to 3.6-litre ‘LM’ specification, sold above top estimate for CHF480,929 (£207,072, Euro 290,148)
The 1974 Ferrari 365GTB/4 Daytona Berlinetta sold for CHF458,885 (£197,580, Euro 276,897)
Formerly the property of Julio Battista Falla, the 1958 Ferrari 250GT Berlinetta sold above top estimate for CHF414,796 (£178,597, Euro 250,294)
With one owner between 1955 – 2004, and less than 20,000km recorded, the 1950 Alfa Romeo 6C 2500 Super Sport Cabriolet sold for CHF403,773 (£173,850, Euro 173,850)
One of only 123 built, the 1969 Maserati Mistral 3.7-litre Spyder sold for CHF304,572 (£131,138, Euro 183,782)
The 1980 Ferrari 512 Berlinetta Boxer achieved an auction record price of CHF227,416 (£97,917, Euro 137,225)
Festive spirit kicked in early in the sale with a bidding frenzy over Ferrari literature in the automobilia section. A rare sales brochure for the Ferrari 750 Monza, estimated at CHF 700 – 900 sold for CHF28,000 (£12,055) with similar brochures for the 500 Mondial and the 250 Europa selling for CHF21,000 (£9,042)and CHF15,000 (£6,458) respectively.

James Knight, Group Head of Bonhams Motoring Department said:
“We are delighted to be back at the Palace Hotel for the tenth year running and this year’s sale has capped a highly successful year for Bonhams’ motor car department. The results yet again emphasise that cars of outstanding quality – whatever the model – still have the power to surprise. It is apparent that although the market is setting realistic levels, top prices are still being set for the very best examples offered.”