Giotto Bizzarrini, who died in spring 2023, left a legacy that includes the Ferrari 250 GTO, the first Lamborghini V12 engine, and the car that bore his name, the Bizzarrini 5300 GT. Few of these stunning Italian sports/GT cars were made, all powered by Chevy Corvette V8s for spellbinding performance and easy serviceability. A class win at Le Mans in 1965 established racing pedigree. At its Monterey Auction this month, RM Sotheby’s is offering an impeccably finished 5300 GT with a pre-sale estimate of $880K-$1M.
The spark that launched Porsche’s road racing dynasty began with the “Fuhrman engine” in the landmark 550 Spyder racecar. Bringing that engine to the 356’s option list in 1956 and calling it “Carrera” boosted Porsche’s racing pedigree while also setting the foundation for special high-performance Porsche models to come. The expensive and complex Carrera engine was rarely ordered when new, and cars so-equipped demand a huge premium in the collector car market today. A 1956 Porsche 356A Speedster Carrera offered by Mecum Auctions in Monterey is expected to sell for up to $1.2M, or nearly 400% more than a Speedster without it.
Fourteen years after Enzo Ferrari’s passing, the company he founded honored his memory with a car bearing not only his surname, but also his given name. When introduced in 2002, the Ferrari Enzo represented the culmination of the automaker’s expertise in both high-performance road cars and Formula One racing. F1 tech abounded, including carbon fiber and aluminum construction, carbon-ceramic brakes, and more. At its upcoming auction at Monterey Car Week, Bonhams is offering an Enzo that has been enjoyed as the founder would have liked: being driven.
Auction season is running at full speed going into Monterey Car Week this August 11-20. (Yes, a 10-day week!) Five major auctions will take place there, drawing buyers and sellers from around the world. Plan to be there? Whether you’re looking for your next dream car or planning to sell one from your collection, it pays to be prepared. Premier Financial Services has put together a quick refresher course with insights from auction and sales pros offering advice on finding the car you want and bringing it home.
Forget March Madness, Florida brought the heat to the collector car world with the quartet of Amelia Island auctions booking $186 million in sales, a record for the venue. The top sale, a 1962 Ferrari 250 GT California Spider, accounted for $18M by itself. Ferraris grabbed 13 slots across the four auctions’ Top-10 lists, and Porsches took four. Modern supercars made some auction Top-10 lists, including $5.3M for a rare Pagani Zonda and $2.4M for a McLaren P1. A 1931 Duesenberg put the spotlight on Pre-war cars with a $4.3M sale.
It’s good to be king, because then you can order yourself a custom-built car like the Maserati made for the Shah of Iran in 1959. The monarch and budding car collector requested that Maserati build a special car by installing the V-8 engine from its 450S racecar into the 3500 GT production coupe. The result was the 170-mph 5000 GT. Maserati made 34 with bodies by various coachbuilders. At its Amelia Island auction, Bonhams is offering one of the 22 with bodies by Allemano, a restoration candidate with a pre-sale estimate of $500K-$800K
While the “Imperial” and “LeBaron” names became diluted on mainstream Chrysler cars in more recent history, the two had once created great American luxury together. LeBaron was America’s most distinguished designer of the period, creating bodies for the world’s top luxury automakers. The early 1930s Chrysler Imperials designed by LeBaron are among America’s most beautiful classics. Marjorie Merriweather Post, who owned General Foods Corporation, must have thought so when she purchased this 1933 Chrysler Imperial CL Dual Cowl Phaeton. Bonhams is offering the car at its Amelia Island auction, with a $375K-$450K pre-sale estimate.
The letters on your modern car’s trunk lid might have no real meaning, but the “S” on the back of a classic Porsche 911 signified a major performance upgrade over the standard car. Porsche’s marketing for the original 911S cautioned, “This is no car for a novice.” The 911S rewarded skilled drivers while being known to put a scare into those unfamiliar with its handling traits. RM Sotheby’s is offering a rare concours-restored 1968 911S at no reserve at its Amelia Island auction in March. Expect hot bidding.
Major auto auctions held in conjunction with the world-renowned Amelia Island Concours d’ Elegance in Florida offer some of the world’s most desirable collector cars, and Premier’s regional sales managers will be there for the action and to meet customers. In the meantime, they have posted their own “Cars to Watch” as picks for cars most likely to sell well. Except for one American supercar making the list, it’s a German and Italian feast.
