25 supercars and luxury models were confiscated by Swiss authorities from Teodoro Nguema Obiang Mangue and sold at Bonhams auction in Switzerland last month.
California’s Monterey Peninsula is famous for its natural beauty. Without a doubt, one of the most beautiful locations is the Quail Lodge & Golf Club. There, the 17th annual The Quail, A Motorsports Gathering, will once again draw legions of motorsports and classic-car enthusiasts from around the globe to this exclusive event.
America’s concours elegance season began in earnest with the Amelia Island Concours d’ Elegance this past weekend. There are some surprising results, including the Top 10 auction sales at the Concours.
Bonhams will offer a 1913 Mercer 35J Raceabout at its Amelia Island sale, with a pre-sale estimate of $800k-$1m. A Raceabout offered at auction is a rarity; many have remained in the same collectors’ hands for decades.
Headlined by the Boulton Collection, an unparalleled array of prewar cars and motoring antiques, Bonhams leads Amelia Island in automotive diversity. Their docket ranges from a Lamborghini Diablo VT to an assortment of brass era speedometers.
Bonhams returns to the Westin Kierland Resort for the eighth year in a row, bringing with it the usual array of pristine classics and untouched exotics. Last year, over 25 million dollars changed hands in just a few hours.
Straight from the garage to the bed of an enclosed transport, classics, exotics, and collectible cars skip the salt for the dry heat of Scottsdale Arizona. Last January, Scottsdale saw over 3000 automobiles cross the auction block in less than a week.
The news from Monterey is one of records shattered. At RM Sotheby’s, a 1962 Ferrari 250 GTO set the world record for highest price ever paid for a car at auction: $48.4m. It all added up to over $367m for the week, a jump over last year’s $330m.
Like vintage Ferraris and authentic Cobras, the Siata 208S Spider commands high prices. A 1953 model offered by Bonhams at its Quail Lodge auction in Monterey this weekend is expected to sell for $1.5m-$1.8m.
