Record set R

New Zealand Classic Car - - News -

M Sotheby’s, the world’s largest auc­tion house for in­vest­ment-qual­ity ve­hi­cles, gen­er­ated an out­stand­ing US$70.9M in sales, with 90 per cent of all lots sold at its 19th an­nual Amelia Is­land sale on March 12, 2017. A new bench­mark for an Amelia Is­land auc­tion, the im­pres­sive to­tal com­fort­ably ex­ceeds the com­bined tally of all the other auc­tions held dur­ing this year’s Amelia week­end.

Lead­ing Sotheby’s string of 19 in­di­vid­ual mil­lion-dol­lar-plus sales and claim­ing top hon­ours was a strik­ing 1937 Bu­gatti Type 57S Cabri­o­let, one of only three ex­am­ples sport­ing rare coach­work by Van­vooren of Paris. Of­fered for pub­lic sale for the first time in its 80-year his­tory, the Type 57S sold for US$7.7M. Just mo­ments prior to the Bu­gatti’s sale, a well-known 1929 Stutz Model M Su­per­charged Coupe, one of only three su­per­charged Stutzes in ex­is­tence, proved that de­mand re­mains strong for great Amer­i­can clas­sics at auc­tion, sell­ing for US$1.705M against a pre­sale es­ti­mate of US$1–1.2M.

Other note­wor­thy sales in­clude the 5694-mile 1995 Fer­rari F50, orig­i­nally de­liv­ered to famed heavy­weight cham­pion boxer Mike Tyson, which sold for an above-es­ti­mate US$2.64M and a 1938 Gra­ham 97 Su­per­charged Cabri­o­let, exquisitely re­stored by RM Auto Restora­tion, which set a new bench­mark for a Gra­ham at auc­tion with its strong US$770K fi­nal price.

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