Santa Monica Auction by Auctions America California Classic
The two top cars in the Saturday sale here at the Santa Monica Auction for 2016 were a 1988 Porsche 959 “Komfort”, Lot # 1100, which drew a high bid of $1,100,000; and the show stopping red 1995 Ferrari F50 (right), Lot # 1089, which met reserve and then sold for $1,775,000.
Two Days at the Santa Monica Auction …
With a heady start to the Santa Monica Auction here at the Harber Hanger in Santa Monica, California, day two of the show promised to be just as exciting. And Day Two did not disappoint. There was an interesting lineup of cars to be sold on Sunday with part of the Riverside Museum up for sale.
Cars On Line.com invited their readers to join them for coverage of the Santa Monica Auction here on this page on Sunday. The idea was to watch the live stream from your tablet or computer. Then follow our Facebook page for commentary. (On our Facebook page you can scroll down to the June 25-26 postings to see their comments.) Our readers were invited to join in on the conversation, and they did.
1995 Ferrari F50 exotic car, Lot # 1095, at the Santa Monica Auction. Top sale of the day. Sold for $1,775,000.Here are some of the top cars which crossed the auction stage on Sunday.
A 1970 Ferrari 365 GTB/4 Daytona “Euro” , Lot # 2080, featuring the V-12 engine rated at 350 hp. It is a rare European model with the clear headlight cover. It may be one of the highst sales of the day. Sold for $545,500 ($600,000 with 10 percent buyer’s commission.)
A 1994 Jaguar XJ220, Jaguar’s most revered exotic supercar of all time. The twin-turbocharged 3.6-liter, 540-hp 6-cylinder could accelerate the car through its six manual gears to a top speed of 212-mph, making it the fastest car in the world at the time of its unveiling. It is part of the Riverside International Automotive Museum collection. Sold for $357,500 with 10 percent buyer’s commission. That was more than the extimated appraisal value.
The modern Ford GT project is a tribute to the Ford GT-40 cars which won the 24 Hours of Lemans four years in a row from 1966-1969. In the past year they have been rapidly increasing in value at collector car auctions in the U.S. Here is a 2006 Ford GT, Lot # 2116, which will cross the auction block on Sunday, June 26. They say it has just 1,900 miles. It is part of the Riverside Museum collection. Sold for $305,250.
Here is a 1987 Lamborghini Countach 5000 QV with the V-12, 414 hp, motor. Some say this Countach was the first exotic supercar. Very few were ever produced in the white pearl color. Tell us what you think it will sell for on our Facebook page.
Many collectors are here in Santa Monica just to get a chance to own this highly publicized 1940 Packard Streamliner Roadster, Lot # 2070, built by Rodney Rucker. Rucker was involved with designing the famous Blastolene. On this one he worked with Chip Foose in the design phase, and the body was done by Marcel Delay. It features a Supercharged Packard V-12, 1,600-hp PT boat engine, and uses two transmissions and drivelines. Sold on Sunday for $412,500.
Saturday’s action was hot and heavy as some of the most desirable collector cars in the world crossed the Auction America stage.
This rare 1969 Corvette L88 Convertible was offered for sale at the Santa Monica Auction, Saturday, June 25, 2016. You can follow this link to see the auction listing. Every top Corvette collector in the country was watching their live video stream as it crossed the auction block as Lot # 1111. The bidding reached $450,000 but did not meet reserve. Auctions America has it prominently featured in their auction catalog (click here to view the catalog).
The L88 Corvette would never have been born if Chevrolet had ignored the challenge of the Shelby Cobras in SCCA racing. It is pretty certain that Chevrolet would never have listed an L88 Option for Corvette buyers if Zora Duntov, head of the Corvette racing program, had not wanted to go racing against the Cobras. The L88 racing option had to be available for the general Corvette buying public in order for it to qualify for SCCA A-Production and FIA GT class racing. Once unleashed it became the subject of fascination for Corvette collectors ever since.
The Santa Monica Auction is gaining a reputation as being a very high profile event for Southern California. It is held at the Harbor Hanger, a choice and scenic location. Some deep pocketed collectors are expected to bid on a fine fair of collectible sports cars, including many high profile 1960’s and 1970’s classic Ferraris, Maseratis and Porsches. We’ll be paying special attention to the cars shown here below:
Early on Saturday this 1957 Ford Ranchero Resto Mod will be offered at the Santa Monica Auction as Lot # 1033. It was extremely well built as you can tell from the photos. Sold for $30,000.
You can see the 1958 Corvette Fuelie Convertible, Lot No. 1055, comes with an auxiliary hardtop. That Panama yellow color was extremely popular that year. What do you think it will sell for today? High bid was $100,000.
The 1958 Chrysler Imperial Convertible is from the Duffy Grove Collection, Lot # 1060.
The legendary 1957 Cadillac Eldorado Brougham, styled by Pinninfarina in Italy, comes with its stainless steel roof and incredible trim package with suicide rear doors. This blue chip collectible will be Lot # 1079 on Satuday. Only 400 were built by Cadillac at an exremely high cost to produce. Bid up to $75,000.
One of the top cars in the show, a 1965 Shelby GT350, a real one, will be offered, Lot # 1080. It comes right after the Eldorado above. What will it bring at auction? Go to our Facebook page and post your guess on the sale price. Join the conversation. Bid up to $300,000. Did not meet reserve.
The 1958 Buick Limited Convertible, Lot # 1081, will be offered for sale at a peak time on Saturday afternoon. What will it sell for? Follow the link to see what Auctions America appraised it for. Bid up to $120,000.
A rare 1958 Chevrolet Impala Fuelie Convertible, Lot # 1089, is so sharp it will bring a swirl of bids at the Santa Monica Auction this afternoon. Will it sell for six figures? Comment on our Facebook page. Bid up to $100,000. Did not meet reserve.
The top car of the day for Cars On Line readers, this 1969 Boss 429 Mustang should bring $240,000 or more. What do you think? Comment on Facebook. SOLD.
You are looking at a Ferrari which will be worth $1 million some day. In this market this 1969 Ferrari 365 GTC is expected to draw bids over $800,000 on Satuday, June 25, 2016 at the Santa Monica Auction by Auctions America. It will be Lot # 1099. It features a 4,390 cc V-12 motor with a 5-speed gearbox. It will be offered late in the afternoon during a frenzy of high profile sales. Bid up to $760,000. Did not meet reserve.
An extremely rare 1960 Dodge Polara D-500 Convertible will be offered in the sale on Saturday. This hard-to-find classic Dodge Polara has its 383 Cross Ram Wedge motor and a pushbutton automatic Torqueflite transmission. It will be lot # 1107.