Tag Archives: auctions

Featured

Spellman Signature Auctions: 1967 Chevy Corvette Pro Touring

If you’re a car enthusiast or collector who appreciates classic vehicles, you won’t want to miss the upcoming event hosted by Spellman Signature Auctions at the prestigious Newport Car Museum on September 30, 2023. They will be presenting a truly unique gem—a one-of-a-kind 1967 Chevy Corvette Pro Touring. This exceptional car stands out from the rest with its blend of timeless elegance and cutting-edge performance.

Under the hood, this ’67 Corvette is equipped with a powerful 350 V8 ZZ4 engine and a four-speed transmission. This combination ensures not only stunning looks but also an exhilarating driving experience.

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To keep the car at an optimal temperature, it includes an aluminum radiator, which is essential for a powerful engine like this one. The eye-catching 20-inch rear and 18-inch front Billit staggered rims give the already captivating classic Corvette an aggressive and modern look.

The interior of this Corvette has been fully customized while still retaining the nostalgic charm of traditional Corvettes. Every detail, from the dashboard to the bespoke seats and console, has been thoughtfully designed to blend vintage elements with contemporary flair. Even the trunk space has been tailored to offer practicality without sacrificing style or sophistication.


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On the outside, this stunning beauty features a breathtaking silver paint job that perfectly complements its tinted windows. These enhancements give the iconic car a sleek and modern appearance while still honoring its timeless design.

But don’t be fooled by its looks alone; this ’67 Corvette has also been upgraded for top-notch performance. It boasts a complete ride tech suspension, SSBC brakes, and other enhancements that make it not just visually impressive but also a dream to drive—a perfect combination of style and function.

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This magnificent 1967 Chevy Corvette Pro Touring is more than just a showpiece—it has earned accolades and awards and is now ready for your bids. If you’ve been waiting for the perfect opportunity to own a classic car that combines the best of both worlds, mark September 30 on your calendar.

Spellman Signature Auctions offers a priceless chance to own a piece of automotive history reimagined for the modern era. With its impressive performance, personalized interior design, and sleek exterior, this ’67 Corvette is guaranteed to turn heads wherever it goes. Don’t miss out on the chance to make this dream car yours. Join us at the Newport Car Museum on September 30, where this legendary automobile will undoubtedly steal the spotlight—and maybe even capture your heart along the way.

Featured

Spellman Signature Auctions: 2018 Lamborghini Aventador S

Get ready for the Spellman Signature Auctions where a 2018 Lamborghini Aventador S will be up for auction. This event is scheduled for September 30, 2023, at the Newport Car Museum. The Aventador S is not just any car; it is a statement piece that will turn heads and give you an adrenaline rush.

The Aventador has always been Lamborghini’s flagship model, showcasing their commitment to performance and luxury. But with the Aventador S, Lamborghini has taken it a step further. This car is not only about speed but also about exceptional handling.

In previous iterations, the Aventador was known for its straight-line speed. However, the Aventador S has been improved to handle curves and corners with ease. Lamborghini has introduced features like a quicker steering ratio and rear steer, allowing the car to change direction effortlessly, especially in the rear end.

The driving experience is further enhanced by the upgraded magnetorheological shock system, which improves ride quality and reduces interior noise, providing unprecedented comfort while cruising in an Aventador S.


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It’s hard to put into words the driving experience the Aventador S offers. Its ability to navigate through tight corners, its incredible cornering attitude, and its responsive turn-in make driving this car a revelation. The rear-wheel-steering system works brilliantly, allowing the Aventador S to slice through high-speed corners with unmatched speed.

This particular car has only 10,000 miles on it, meaning it’s practically brand new. It also features the Exhaust Plus tuning, which was an additional $25,000 cost, ensuring precision and a thrilling engine sound. With a $75,000 carbon fiber kit, the vehicle is further elevated, providing additional support to the x brace and wing.

And let’s not forget about the engine. The Aventador S is powered by a 6.5-liter V12 engine delivering an impressive 729 horsepower and 507 ft-lbs of torque. The car can go from 0 to 60 mph in under 3 seconds and has a top speed of 217 mph.

In a world where many supercars prioritize style over performance, the Aventador S stands out. Spellman Signature Auctions is excited to present this masterpiece. This is not just a car you drive; it’s an experience you won’t forget.

So, mark your calendars for September 30 and get ready to place your bid on a vehicle that will awaken your senses and redefine your expectations of what a supercar can be. The Aventador S not only raises the bar but sets a new standard.

News

Why Now Is The Perfect Time To Invest In Classic Cars

Summary

  • The classic car market experienced a decline at Monterey’s auctions, raising the question of whether now is the time to invest in classic cars.
  • Pre-war classics defy market fluctuations and continue to hold their value, with brands like Bentley and millennials driving demand.
  • Various indices, such as the Knight Frank Luxury Investment Index and Hagerty’s data, provide insights into the performance and volatility of classic cars as an investment asset class.

The classic car market recently saw a decline in sales at Monterey’s auctions, leading to the question of whether it is a good time to invest in classic cars. However, pre-war classics have shown resilience and have maintained their value. Brands like Bentley and the growing interest of millennials have contributed to the demand for these types of cars. Several indices, including the Knight Frank Luxury Investment Index and Hagerty’s data, provide valuable information about the performance and volatility of classic cars as an investment asset class.

The market at Monterey’s auctions experienced a decline in sales compared to the previous year. The sell-through rate dropped from 78 percent to 68 percent, and even renowned brands like Ferrari were affected. For example, a 1967 Ferrari 412 P, estimated at $40 million, sold for only $30.2 million. This decline raises the question of whether it is a good time to invest in classic cars.

Monterey’s Top Classic Car Sales: A Glimpse

The top classic car sales at Monterey’s auctions included a 1957 Jaguar XKSS Roadster, which sold for $13.2 million, and a 1962 Ferrari 250 GT SWB Berlinetta, which fetched nearly $9.5 million. Other notable sales included a 1959 Ferrari 410 Superamerica SIII Coupe and a 1937 Bugatti Type 57SC Tourer. Ferraris dominated the top 10 sales, which is a common trend at Monterey’s auctions. Auction houses such as Gooding & Co. and RM Sotheby’s had impressive sell-through rates of 76 percent and 85 percent, respectively. Bonhams and Broad Arrow also secured spots on the list with sell-through rates of 73 percent and 80 percent, respectively.

Although there was a decline in sales at Monterey’s auctions, classic cars from the pre-war era have shown resilience. Bentley, in particular, has seen success with its prewar continuation series, and millennials have shown a growing interest in these classics. Pre-war classics are prized for their craftsmanship, design, and quality, and they continue to capture the hearts of enthusiasts and collectors. Some notable sales in this category include a 1914 Mercer Type 35-J Raceabout, a 1933 Alfa Romeo 8C 2300 Cabriolet, and a 1912 Simplex 50 HP Toy-Tonneau. RM Sotheby’s ‘barn finds’ collection, which featured derelict Ferraris, also garnered significant attention and high prices.

Understanding The Market Through Indices:

There are several indices that provide insights into the classic car market as an investment asset class. The Knight Frank Luxury Investment Index reports a 25 percent growth in vintage cars over the past year, positioning classic cars as the second-best performing luxury asset after fine art. However, classic cars also exhibit volatility, similar to startups, which presents both potential rewards and risks. The Historic Automobile Group International (HAGI) index suggests that classic cars outperformed most major collectibles during the 2008-2010 recession, with only gold outperforming them. Hagerty, another renowned name in the industry, categorizes the market into segments and provides its own market rating. The Hagerty Blue Chip Index shows stability in the blue-chip classics segment, while the Affordable Classics Index has shown growth, particularly post-pandemic. Muscle Cars have also displayed growth and enduring appeal.

Leading the classic car market are brands like Mercedes-Benz, Porsche, and Ferrari. Ferraris, in particular, are considered the “blue chips” of the sector. While Ferrari had impressive sales in 2022, Porsche had a higher volume of cars auctioned in Q4 2022. When considering future classics, sporty 90s cars like the first-generation Dodge Vipers are seeing prices increase. Recent models with luxury and uniqueness are also in demand. Classic cars are often compared to fine wine in terms of their value appreciation and rarity. However, caution is advised in this volatile market, favoring Affordable Classics and Muscle Cars. The classic car market is expanding in Asia and remains a compelling investment option for those passionate about these timeless vehicles.

Why Now Is The Perfect Time To Invest In Classic Cars

The recent decline in sales and market fluctuations in the classic car market present a golden opportunity for investors. Pre-war classics continue to hold their value and defy market fluctuations. The growing interest of millennials and brands like Bentley contribute to the demand for these classics. Various indices, such as the Knight Frank Luxury Investment Index and Hagerty’s data, provide valuable insights into the performance and volatility of classic cars as an investment asset class. Classic cars possess a timeless charm, craftsmanship, and beauty that make them a compelling investment option. Now is the opportune moment for investors to enter the world of classic car investments.

Motorsport

Limited Edition Kia EV6 Teased For Monterey Car Week Debut

August 18 is shaping up to be a busy day for the automotive industry. Along with major car auctions by Bonhams and Mecum, several automakers will unveil new models or updated versions of existing cars. For more information about the vehicles scheduled for unveiling on Friday, check the related links below. Meanwhile, Kia has announced that it will participate in Monterey Car Week by introducing a new model.

Rather than debuting a completely new product, the South Korean company will reveal a limited edition version of its existing EV6. The teaser image released so far doesn’t provide much information, but it shows the electric vehicle in a dark green exterior color. Kia describes the limited edition as an “exclusive, style-driven” variant of the EV6, featuring “unique interior and exterior colorways.” These details suggest that the automaker has prepared a new body color and some styling enhancements for the EV. Only 1,000 units will be produced.


Featured

Mecum Monterey 2023: 1967 Ferrari 275 GTB/4

As part of the Monterey 2023 auction, Mecum Auctions is showcasing the impressive 1967 Ferrari 275 GTB/4. This stunning car is not only a symbol of automotive elegance but also holds a significant place in racing history. With its captivating Nero 20-B-50 (Black) finish, vibrant Pella Orange Connolly leather seats, and complementing Red carpets, this automobile effortlessly combines style and performance in true Ferrari fashion.

What sets this particular 275 GTB/4 apart is its rarity, being one of only six originally painted in Black. It has recently been refinished in its original color scheme, perfectly blending classic aesthetic charm with contemporary refurbishment. Beneath its striking exterior lies the heart of a true racer – a robust 3286cc four-cam V-12 engine.

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The car’s lineage is as remarkable as its aesthetics. It was originally owned by Dr. Luigi Ravizza of Verona, Italy, who raced it in various Italian gentleman hillclimb races under the pseudonym “Meo.” Vintage photos from 1967-68 beautifully capture these racing adventures.

Throughout its time with Ravizza, the car received regular maintenance and servicing at the Ferrari factory’s Assistenza Clienti in Modena. Its significance in Ferrari’s illustrious history was further solidified by being featured in the Ferrari 1968-69-70 Yearbook.

In 1971, the 275 GTB/4 made its way to the United States, specifically to Gerry Sutterfield of Mount Vernon, Ohio, a prominent figure in the Ferrari enthusiast community. Sutterfield, a member of the first Ferrari Club of America Board of Directors, served as the National President in 1969-70 and gained recognition for his participation in vintage racing with a Porsche 917.

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The car’s third owner, Don Vitale, an attorney from Southbury, Connecticut, purchased it in 1984. Under Vitale’s ownership, the Ferrari underwent a restoration, receiving a new Red finish and Black interior. The restoration was completed in 1990, and the car proudly participated in the 1990 FCA National Concours in Watkins Glen, New York, as well as the 1991 FCA National Concours in Washington.

In 1999, the Vitale family sold the car to Rick Grant III through Peter Sweeney’s Forza Motors. The 275 GTB/4 continued to dazzle spectators at prestigious events, including the 1999 Cavallino Classic Concorso D’Eleganza and the Cavallino Classic track event at Moroso Motorsports Park.

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Now, this beautifully restored 1967 Ferrari 275 GTB/4 will be one of the highlight attractions at Mecum Auctions’ Monterey 2023 event. Its captivating history, rare original color, and outstanding provenance make it an irresistible opportunity for serious car enthusiasts and collectors alike. As this remarkable vehicle heads to auction, it carries with it a rich heritage of speed, elegance, and the finest Italian craftsmanship.


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Featured

Audemars Piguet’s Royal Oak Flying Tourbillon Openworked Only Watch

Only Watch is an auction established in 2005 by Luc Pettavino to raise funds for Duchenne Muscular Dystrophy research. It has become a highly anticipated biennial event for both watch brands and collectors. Audemars Piguet, the luxury watchmakers, are proud to support this charitable auction by donating a unique piece called the Royal Oak Selfwinding Flying Tourbillon Openworked. This timepiece was unveiled in 2022 to celebrate the 50th anniversary of the Royal Oak. It features a 41mm white ceramic case and bracelet, with a striking blue main plate and bridges.

The Royal Oak Selfwinding Flying Tourbillon Openworked Only Watch Edition has a design enhanced by a blue inner bezel, white gold hour-markers, and luminescent-coated hands for better visibility. The 22K gold oscillating weight is colored with blue and rhodium tones, matching its modern look. The flying tourbillon cage and rhodium-toned gear train are the centerpiece of the watch, adding depth and visual appeal. The sapphire crystal backcase reveals another view of the intricate movement, while the outer case features engravings that say “Royal Oak UNIQUE PIECE.” The Royal Oak Selfwinding Flying Tourbillon Openworked Only Watch Edition will be auctioned off on November 5th at the Only Watch event.