Tag Archives: Collector cars

Geneva Auto Show 2017: Red Bull and Aston Martin give you the limited edition Vantage Red Bull Racing

 

Red Bull gives you wings. Well in this context, it sure does. We all know about the upcoming collaboration between the two brands for the AM-RB 001 hyper car due for 2018. To keep motoring junkies sated, Supercar manufacturers Aston Martin have recently revealed their special edition Red Bull Racing editions of their Vantage series V8 and V12 — just in time for the 2017 Geneva Auto Show. The new cars have been built to celebrate Aston Martin’s on-going partnership with Red Bull racing, as well as the start of the 2017 Formula 1 season on March 26. Despite having no additional changes to the power of the car, both present aesthetic changes.

The cars are finished in Red Bull-inspired Mariana Blue exterior paint. Gloss Tungsten Silver and satin Mariana Blue are also available as an option. Complementing this signature paint finish is a carbon fiber spoiler, splitter and front grille. The grille gets a Red Bull red finish and the brake calipers are a contrasting yellow, staying through to the brand’s colour scheme. No changes have been made to the powertrains of both models. The V8 model gets a 436hp 4.7 litre unit and the V12 a 573hp 5.9 litre engine

Inside, the vehicle is dressed in carbon fiber trim, with Red Bull Racing embroidery on the headrests, diamond quilted leather and an Alcantara wrapped steering wheel complete with 12 o’clock marker. Created by the brand’s in house customisation firm Q by Aston Martin, this Aston Martin has also offered the opportunity of an autograph from one of Red Bull’s current F1 drivers — Daniel Ricciardo and Max Verstappen — on the vehicle’s sill and inspection plaque.

Aston Martin CEO, Dr. Andy Palmer commented: “Motorsport is and will always be a key part of Aston Martin’s DNA and both the V8 and V12 Vantage S Red Bull Racing Editions bring that ethos straight to our customers. With the 2017 FIA Formula 1 World Championship® set to begin soon, I hope that the purchase of these models will bring the racing season that little bit closer for those lucky few customers who can’t wait for it to begin”.

 

Luxury car auctions: Classic car collectors favour modern day editions from Mercedes, Ferrari and Aston Martin

The collectible classic car industry has long been one that gets your heart pumping. With the prospect of collecting an item so elusive you’re one of the few ‘lucky ones’ to obtain, classic car connoisseurs are known for their deep passion in the industry. Despite talk of bubbles, and of Ferrari fatigue, the classic car market is in extremely good health as 2016 becomes 2017. Yet, we ask ourselves what makes a car collectible? The very definition of what makes a car collectable or desirable is changing faster than a classic Ferrari’s 0-100km/h time.

On the whole the market has remained very strong,” begins RM Sotheby’s Peter Haynes. “Probably the thing that came out of 2016 most clearly is a shift towards what the industry is calling the modern classic.” By modern, Haynes says that interest in automotive exotica from the late 80s and 90s is now huge. “It’s really hard to account for this change unless what we’re seeing is the beginning of a sustained shift in the market — the passing of one generation and a new generation of buyers coming in,” he says.

As a rule, collectors that buy with their heart rather than as an alternative to a hedge fund, will be drawn to those cars that have a personal, emotional significance.

“People are buying the cars they want to buy,” explains Robert Johnson, director of Classic and Sports Finance, a company that helps collectors track down and pay for exotic cars, whether at auction or through dealers. “It’s a case of what do I really want? What do I aspire to and what was on my bedroom wall as a kid?”

And in the 80s and 90s, bedroom walls were covered in pictures of the Lamborghini Countach, Ferrari Testarossa, Porsche 959 and the Porsche 911 Turbo. Over the past 12 months, prices for all of these models, and their successors have started climbing. At the RM Sotheby’s Paris sale on February 7, a 1988 Porsche 959 Sport went for a world record €1.96 million, but a 1995 Porsche 911 Turbo Cabriolet attracted a winning bid of €1.34 million.

And the auction houses are now changing the mix of lots on offer to cater for this changing taste. “A few years ago, it was very rare to find an auction house selling a new car,” points out Haynes.

Yet at this year’s Paris sale, some of the biggest lots were also the newest. A 2014 Mercedes SLS AMG Black Series went for €470,000, a 2011 Ferrari 599 GTO for €450,000, a 2012 Aston Martin V12 Zagato fetched €750,400 and a 2016 Porsche 911R went for €515,200. These prices point to a second growing trend in the collector car space. The investors that would normally be buying up mid-1960s Ferraris are now looking to rare modern cars instead.

“A lot of people are now sniffing these cars out rather than going to classic car auctions,” points out Haynes. And at the moment there is no shortage of choice. McLaren, Ferrari, Porsche and Lamborghini have all unveiled extremely rare, extremely expensive models over the past 12 months, from the Ferrari J50, to the aforementioned Porsche 911 R and the Lamborghini Centenario.

But in each case, the entire run has sold out before the first example has been built. “People are going to start clambering over each other to buy them,” says Haynes, who believes the cars will be stored for resale and never driven.

However, it could also be good news for everyone else. Some of the most desirable traditional classics, could soon be within more collectors’ reach. A 1973 Alfa Romeo Montreal sold for just €78,400 at the Paris sale, a Maserati Bora for just €179,200 and a 1970 Ferrari Dino 246 GT L Series for €448,000 — that’s less than a 2016 Porsche or a 2012 Aston Martin.

Collectible car auction: Porsche reved up their engine at Place Vauban in Paris, France

The finesse of German engineering has created Porsches that are phenomenal fun to drive. However, they have never performed phenomenally well at auctions. Although the technology helps them get around a track quickly, it also ensures that they do not disintegrate into rust. As a result, 86% of all 911s ever built are still on the road. Porsches simply aren’t as elusive as their counterparts, and that’s why the marque has yet to reach the same classic car heights as Ferrari or Aston Martin.

However, all of that is changing. Of the 76 automotive lots included in last week’s sale at Place Vauban in Paris‘s well-heeled seventh arrondissement, 26 were Porsches — the oldest a 1955 356 Pre-A 1600 Speedster and the newest, a 2016 911R with just delivery mileage on the clock. But regardless of age, all of the Porsches up for auction generated huge bidding battles and set records in the process.

An ultra-rare 1988 Porsche 959 Sport went under the hammer for a world record figure of €1,960,000. A prototype convertible 901 from 1964 (the year before Peugeot forced Porsche to rename the car the 911 because of potential copyright infringement) secured a winning bid of €649,600. And the aforementioned speedster also achieved a €369,600 sale price.

However, the big surprises came when essentially modern cars form Stuttgart were offered. A 1994 Porsche 911 Turbo S 3.6 fetched €901,600; a 2010 911 GT3 RSR went for €470.400 (two times its estimate); and a 1995 Porsche 911 Turbo Cabriolet for a phenomenal €1,344,000.

Even a 2016 911R — which six months ago was bought from Porsche for €150,000 — sold for €515,200. “Clearly, Porsche is still the star marque in the ascendance,” said Peter Wallman, Managing Director, RM Sotheby’s Europe, referencing the company’s recent London sale last September where a collection of perfectly preserved Porsche 911s went for huge sums.

“That sale was a game changer for Porsche,” explains RM Sotheby’s spokesperson Peter Hynes “Those cars went for what can only be described as ‘crazy money,’ the likes of which the market had never seen before.”

Wednesday’s results suggest that the London sale was no flash in the pan and that demand for Porsche is about to hit a peak. And we won’t have to wait long to see if this trend is set to continue. At Amelia Island, on March 10-11 there will be a further 22 Porsches going up for auction.

“Madam V” SEMA 2016 Show car

Ring Brothers Bring New Designs to SEMA Show

The Specialty Equipment Market Association (SEMA) show this year will see Jim and Mike Ring bring along three unique cars as well as a Winnebago. As one of the world’s most highly sought-after custom car building firms, the brothers are set to present some of the most daring projects they have undertaken.

 “G-Code” SEMA 2016 Show car

“G-Code”

The first of the three is a 1948 Cadillac V Series that the Ring’s have used to reinterpret restomodding. Called the “Madam V” (main picture), the car was stripped back to bare metal and used parts of two 2016 ATS-V Cadillacs. Set to be unveiled on November 1, the car will make its debut alongside the second car called “G-Code” that first started out as a 1969 Camaro. The Ring brothers have converted into the most powerful Chevrolet that they have ever built. Fitted with a powerful Wenger Whipple supercharged LS3 motor, the car also features thoroughly reworked lines.

“Ballistic” SEMA 2016 Show car

“Ballistic”

The third car, a Ford Mustang, is called “Ballistic” and is the first convertible pony car that the brothers have customized. The 1965 wide-body drop top has a 21st century supercharged 5.8-liter V8 powerplant from a GT500. “SEMA is such a big deal for us every year,” said Jim Ring. “We love having the chance to show the world all the hard work we put into these projects all year long and it’s great to see all of our friends and fans.”

 “World's Fastest Winnebago”

“World’s Fastest Winnebago”

The final treat that the brothers will bring with them is “The World’s Fastest Winnebago”. It is a 1972 Winnebago Brave with more than 900hp under the hood and a “party-ready” interior inspired by WWII bombers. “We’re excited to debut these three new cars at the show,” said Mike Ring, “and we know everyone at the show will get a real kick out of the Winnebago. It’s going to be a great week.”

Unique Aston Martin DB10 Sold for $3.4m

Picture yourself sitting in the driver’s seat of the exceedingly rare Aston Martin DB10, humming the theme music of James Bond as you conquer a corner in style. As it happens, the car shared screen time with James Bond as he navigated the adrenaline-filled plot in Spectre. Rare as the DB10 is (only 10 were made), you can only dream of driving it but, for one determined collector, dreams came true. At a thrilling auction at Christie’s in London, the only DB10 made available for public sale fetched a stunning £2,434,500 ($3,476,466). This is almost £1 million above the high end of the estimate, as we reported here. The auction saw the car go under the hammer with 10 other lots, which together made up a curated collection called “James Bond Spectre –The Live Auction”.Aston-Martin-Db-10-1

This piece of automotive history is a celebration of the five-decade relationship that Aston Martin has enjoyed with Bond. The car also hints at what we can expect from the brand in future. Of the 10 cars that were handcrafted at the brand’s Gaydon headquarters, eight were modified for the filming of the movie. The other two were kept in pristine condition, which allowed for Christie’s to put one up for auction.Aston-Martin-DB-10

All proceeds of the sale were donated to the international humanitarian aid organization Médecins Sans Frontières, otherwise known as Doctors without Borders, which provides medical care and support to victims of armed conflict, epidemics and disasters. Aside from the DB10, a further 14 lots are available in the online sale that runs till February 23 to celebrate the release of the 24th Bond film on Digital, Blu-ray and DVD.

4 Ltd Edition Land Rover Defenders Still on Sale

The auction of the Land Rover Edition 2 Million Defender reminded the world that the Defender might be bowing out but it still has plenty of fans. Of course only one person gets to own that unique Defender but if you were one of those who failed in your attempt to buy it, never fear. There are still plenty of equally special celebratory Defenders on the market for enthusiasts and collectors alike, or so the AFP tells us.

As previously reported, at £400,000 (US$598,440), the Defender 2 Million is the most expensive production Land Rover ever to go under the hammer. And while it may be a complete one-off, there are still a number of equally special, equally commemorative and extremely limited editions still out there, if you want to pick up an exclusive, iconic piece of automotive history.

Overfinch Defender 40th Anniversary Edition

Also based on the Defender 90 edition, British customization firm Overfinch’s homage to the Defender adds a unique grille and hood combination and 18-inch Apollo alloy wheels. Elements like the door handles and fuel cap have been machined from aluminum billet and the interior is finished in Bridge of Wier leather. Capped at 40 examples, the Anniversary edition costs £70,000 (US$104,000).

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Startech Sixty8

Although part of German tuning house, Brabus, this special Startech model – limited to 68 examples based on the larger seven-seat 110 edition – comes with a standard 2.2-liter diesel engine and stock performance figures. However, the external details and level of interior quality are anything but. The racing seats are finished in quilted two-tone leather and there’s an Alpine multimedia system with reversing camera and 3D navigation as standard. Outside, there’s a vintage feel to the fixtures and fittings and an aluminum underbody guard. Prices start at €68,000 (US$74,000).

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The Land Rover Defender Pedal Car

One of the reasons the original Land Rover is going out of production is that it’s no longer going to meet emissions, safety and technology standards. However, this miniature, hand-built pedal-powered version will never fall foul of a smog test. Styled on the current generation model, complete with radiator grille bulge, the car has an aluminum shell, a legitimate suspension set up, working brakes, rubber tires, and can be pedaled forwards or backwards. It will be going on sale in January as the full-size Defender goes out of production and will cost £10,000 (US$15,000).

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Afzal Kahn’s Motor Show Mystery

To mark the return of a real auto show to the UK in 2016, the London Motor Show’s organizers announced on he day of the Defender 2 Million auction that they’ve commissioned Afzal Kahn, of Kahn Design, to build a one-off customized Defender that will be unveiled and then sold at the event’s press day on May 5. “I have designed a vehicle that celebrates the history and unique personality of the Defender,” said Kahn. “This is a fitting tribute to one of the world’s best loved vehicles and I would welcome feedback from Defender owners and enthusiasts alike.” As such, Kahn will be fielding suggestions from social media to help select additional features for the one-off.

1954 Mercedes Benz W196

The world’s priciest vintage cars

What a difference a year makes. Only 12 months ago the list was a mix of marques from Bugatti to Rolls-Royce, but this year the list has seen more movement than the pop charts with four new entries and seven of the top 10 places being occupied by Ferraris.

1954 Mercedes Benz W196

1. 1954 Mercedes-Benz W196 – $29.65 million

When this car came up for auction, no one even dared hazard a guess as to an estimate. And that’s understandable, as this Mercedes is more than a car, as a vehicle driven by Fangio, it is a piece of automotive history and one that won Formula One races. There’s some dispute as to whether it should make the list, because it is not road legal, however, there’s no doubting that at $29,650,095 (€22,701,864) it is the most expensive classic car ever sold at auction.

1967 Ferrari 275 GTB

2. 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider by Scaglietti – $27.5 million 

Why did this car cost so much? Because if one enterprising US Ferrari importer Luigi Chinetti, hadn’t taken Enzo – that’s Enzo Ferrari – to one side and had a whisper in his ear, telling the genius where he was going wrong, it would never have been built.

Chinetti suggested that Ferrari make a convertible version of the 275 GTB/4 to make it easier to sell to his customers, and the N.A.R.T. Spider by Scaglietti was born. Only 10 were ever made and when this car sold for $27,500,000 in August, the proceeds went to charity.

1957 Ferrari 250 Testa Rossa

3. 1957 Ferrari Testa Rossa Prototype – $16.39 million

In third place is the first of two Testa Rossas: this one sold at auction in 2011 for $16.39 million thanks to its incredible racing pedigree. What’s more it is actually the prototype model on which all subsequent Red Heads (Testa Rossa means red head in Italian) were based. The car was painstakingly restored after it crashed on the track and burst into flames.

1964 Ferrari 250 LM

4. 1964 Ferrari 250 LM by Carrozzeria Scaglietti $14.3 million

Next up is the third car to make it into the list in 2013, in fact this 250 LM only just made the cut as the auction was held in November. At $14.3 million it broke all previous records for its model but like all of the Ferraris at the upper end of the list, the premium paid is down to the importance of the car in terms of Ferrari’s history, legend and mythology. This was the first mid-engined V12 the company ever produced and inspired a new design language.

1953 Ferrari 340 375 MM Berlinetta Competizione

5. 1953 Ferrari 340/375 MM Berlinetta ‘Competizione’ $12.8 million

Another Ferrari and another car sold within the last 12 months. Until the 250 LM went under the hammer, it also held the distinction of being the most expensive closed-in Berlinetta Ferrari ever to sell at auction. However, one thing that it still holds onto is its success on the track. It is still to this day one of the most important cars in Ferrari’s racing history.

1957 Ferrari 250 Testa Rossa

6. 1957 Ferrari 250 Testa Rossa $12.4 million 

The second Testa Rossa and, back in 2009 when it went under the hammer, it was the most expensive Ferrari ever sold at auction. This one managed to win Le Mans three times.

1936 Mercedes-Benz 540 K Special Roadster

7. 1936 Mercedes-Benz 540 K Special Roadster $11.77 million 

Finally, something other than a Ferrari. But, like the car in first place, this is also a Mercedes but a very different one at that. An example of this incredibly elegant, but rather sporty in its day, open-top cruiser once belonged to Formula One boss Bernie Ecclestone.

He sold it at auction for a then-record of $6.3 million in 2007 only for another of the 26 remaining examples to fall under the hammer at last year’s Pebble Beach, fetching $11.7 million.

1960 Ferrari 250 GT LWB California Spider Competizione

8. 1960 Ferrari 250 GT LWB California Spider Competizione $11.2 million 

In eighth place, yes, another Ferrari and a very handsome one at that. The California models were so called because they were aimed at Californians, who wanted to cruise the boulevards with the top down, but then floor the accelerator and tear it up in the mountains. The price paid for this long wheel base model may well have been influenced by the value of the car now sitting in 10th place.

1968 Ford GT40

9. 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car $11 million

The Ford GT40 was one of the greatest sportscars in history. Built to beat Ferrari, it did just that – just not in this list. What makes this example even more important is that as well as a racing pedigree, its former owner was none other than Steve McQueen. It might be pretty low down in the chart but it is still at $11 million it the most expensive American car ever to go under the hammer.

1961 Ferrari 250 GT SWB California Spider

10. 1961 Ferrari 250 GT SWB California Spyder $10.89 million 

In last place is one of the most attractive cars that Ferrari ever built and, like the GT40, it’s a car with a famous former owner – James Coburn. What’s more, when this car was sold in 2008 it made the headlines because it was the most expensive car to sell at auction. The successful bidder, UK TV and radio broadcaster, Chris Evans revealed that he bought it because he fell in love with it, and that he had only intended to buy a couple of Ferrari posters at the sale, but got carried away.

Classic Ferrari 250 GTO

Rare Ferrari 250 GTO sells for $31m

Classic Ferrari 250 GTO

An extremely rare Ferrari 250 GTO which had a £6,000 price tag when it was manufactured in 1963 has been sold for more than £20m ($31m).

This 1963 model – number 5095 – is believed to have been sold by British businessman Jon Hunt, who bought it in 2008 for a then world record £15.7million.

This makes the Ferrari classic sportscar, second most expensive car in the world today, and definitely the most expensive in Great Britain.
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250gto

Amelia Concours to Celebrate 250 GTO in 2012

250gto

The Amelia Island Concours d’Elegance will celebrate the 50th anniversary of the legendary Ferrari 250 GTO at its 2012 event.

The Foundation has been working on the anniversary celebration for more than two years and expects that it will be one of the most important milestones in the hobby.

The Ferrari 250 GTO was built between 1962 and 1964, and is universally considered the most coveted of all Ferraris built.
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“Collector cars of tomorrow” revealed

The 2000 BMW M Roadster, 2003 Mini Cooper S and 2007 Ford Shelby Mustang are among the ten most likely cars of the decade to become collectors’ items.

“The 2010 Hot List” was compiled by valuation experts from Hagerty Insurance, the largest agency for collector cars in the US.
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Amelia Island Concours d’Elegance 2009

The Amelia Island Concours d’Elegance announced today it will celebrate world renowned coachbuilder Bohman & Schwartz as well as a pair of 50th anniversaries for significant races at Sebring and Daytona, during its 14th annual concours March 13-15, 2009 at the Ritz Carlton Amelia Island.

The Amelia Island Concours d’Elegance is one of the nation’s most innovative vintage auto events featuring more than 250 rare classics from seldom-seen private collections nationwide.

The elegant creations of Southern California coachbuilder Bohman & Schwartz will be featured in a separate class, which will display the one-of-a kind “Phantom Corsair” that was commissioned for Rust Heinz, heir to the H.J. Heinz food empire.
The Phantom Corsair’s futuristic shark-like body was mated to a Cord 810 Chassis and enjoyed a brief stint in Hollywood appearing as the mysterious “Flying Wombat” in the movie, “The Young in Heart.” The car will be making a rare trip outside the National Automobile Museum (The Harrah Collection) in Reno, Nevada for its showing the Amelia Island Concours.

Also celebrated at this year’s concours, are the 50th anniversaries of the first US Grand Prix Formula One race at Sebring International Raceway and the only Indy car race ever held at the Daytona International Speedway.
A seminar called “The Great Roadster Drivers,” will be held to recount the history and legacy of these races. Miami native Jim Rathmann, the 1960 Indy 500 winner, will be the Concours’ guest for the weekend and will participate in the Saturday seminar at The Ritz-Carlton grand ballroom.

For more information, visit www.ameliaconcours.org or 904-636-0027