Tag: Auctions

  • Original 1965 Ford Shelby GT350R heads to auction

    Last summer, an original 1965 Ford Shelby GT350 Competition became the most valuable Mustang in the nameplate’s history when it fetched $3.85 million at auction, eclipsing the the $3.4 million bid on the original “Bullitt” movie car at an auction last January.

    What made it so valuable was the fact that it was the famous “Flying Mustang” driven to victory by Ken Miles at an SCCA event held at Green Valley Raceway in Smithfield, Texas, in 1965, marking the first time the GT350 Competition saw action.

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 - Photo credit: Mecum Auctions

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 – Photo credit: Mecum Auctions

    Now another GT350 Competition is headed for auction, and while it doesn’t have the provenance of the Ken Miles car, it should still bring some big bucks during bidding. The car, bearing chassis number SFM5R106, is headed to Mecum’s auction running Jan. 7-16 in Kissimmee, Florida. The car is lot F158 and included in the sale are original documents like the purchase order and delivery form. The estimate is between $1.2M and $1.5M.

    The GT350 Competition, traditionally referred to as a GT350R, because of the “R” included in the model’s chassis code, is the race version of the Ford Shelby GT350. Only 34 production examples and two prototypes were built, according to original documentation, though Carroll Shelby maintained that there were 35 production examples originally built. Today there are many replicas, as well as some continuation examples built by the same folks that built the originals.

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 - Photo credit: Mecum Auctions

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 – Photo credit: Mecum Auctions

    Compared to the regular GT350, the Competition version received new suspension tuning, a modified 289-cubic-inch V-8, an improved cooling system, fiberglass body panels and Plexiglass windows. The interior was gutted for racing, and a full roll cage was added to meet competition regulations.

    Chassis no. SFM5R106 was raced in Midwest SCCA National events by its first owner, Richard Jordan, a veteran Corvette racer and graduate of the Carroll Shelby School of High Performance Driving at Riverside, California. He purchased the car through Jack Loftus Ford in Hinsdale, Illinois, and took it racing just 10 days after taking delivery, in an event held at Road America in Elkhart Lake, Wisconsin, on September 4, 1965. Jordan put the car into storage in the early 1970s, where it sat until 1987 when it was bought by its second owner. As a result, it only has 4,930 miles on the clock.

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 - Photo credit: Mecum Auctions

    1965 Ford Shelby GT350 Competition bearing chassis no. SFM5R106 – Photo credit: Mecum Auctions

    Two original 1965 Ford Shelby GT350s will also go under the hammer at the Mecum event, including one example, the sixth off the line, which was built into a drag racer by its first owner. That owner was Jerry Mendes who set an NHRA class record in 1968 with a quarter-mile time of 12.38 seconds at 110.83 mph.

    Other highlights at the upcoming auction include the first Pontiac Firebird built and a Chevrolet Corvette Z06 formerly owned by racing legend Mickey Thompson.

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  • 2020 McLaren Speedtail headed to auction

    When the McLaren Speedtail was unveiled two years ago, the entire 106-unit production run had already sold out despite a near-$2 million price. Now one of those supercars is scheduled to cross the block at an RM Sotheby’s auction on Jan. 22.

    That car is Speedtail number 36, which was ordered on July 20, 2020, and delivered to McLaren Philadelphia (despite not being street legal in the U.S.) a few months later, according to the listing. It’s still virtually brand new, with just 30 miles on the odometer.

    The car has over $170,000 worth of options, according to its build documents. It’s painted in MSO Heritage Atlantic Blue, with white stripes and wheels, and a gloss carbon-fiber front wheel cover. The interior features a mix of satin carbon-fiber and Alcantara trim, with vintage tan aniline leather upholstery and contrast stitching. A suitcase designed to fit the front trunk and a gold-colored titanium tool set are included with the sale.

    McLaren Speedtail number 36 (photo by RM Sotheby's)

    McLaren Speedtail number 36 (photo by RM Sotheby’s)

    McLaren envisioned the Speedtail as a successor to the legendary F1, reflected by its three-abreast seating layout and 106-unit production run (matching the F1). Its focus on road rather than track use also echoes the F1, which was designed as a road car first, and only modified for racing after owners requested it.

    The Speedtail has a hybrid powertrain built around a twin-turbocharged 4.0-liter V-8, producing a total of 1,055 horsepower and 848 pound-feet of torque. McLaren previously quoted 0-186 mph in 12.8 seconds, and a 250-mph top speed.

    McLaren may not launch a supercar that surpasses the Speedtail for at least a few years. The automaker is reportedly dialing back its range-topping Ultimate Series, with the next model—a successor to the P1 plug-in hybrid—due in 2025.

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  • All 3 Alfa Romeo Berlina Aerodinamica Technica concepts by Bertone sold for $14.8M

    Yes, even with the coronavirus pandemic and the disruption it caused in the collector car auction space, there were outstanding vehicles offered and some sold at record prices. However, none of the cars offered at auction anywhere in 2020 were more interesting that the trio of Alfa Romeo B.A.T. cars that sold on October 28.

    One interesting note was that these cars were not offered at a collector car auction, but instead at the Sotheby’s annual Contemporary Art Evening Auction.

    Some may have found this a strange venue, but I have seen these cars a number of times in person and feel these phenomenal one-off Alfa Romeos transcend just being cars and are, indeed, works of artwork.

    My first exposure to these cars was as a freshman in high school when I stumbled upon them in Joe Benson’s book, Illustrated Alfa Romeo Buyers Guide. I was stunned at seeing the cars. Even the black-and-white pictures in the book showed cars that looked more like 1950s spaceship drawings than some earthly automobiles.

    For me, these immediately became for me some of the most important cars in the world, because of their out-of-this-world styling and their obvious rarity.

    The three Alfa Romeo B.A.T. concept cars were sold as a single lot | Darin Schnabel/RM Sotheby’s

    The three Alfa Romeo B.A.T. concept cars were sold as a single lot | Darin Schnabel/RM Sotheby’s

    The Berlina Aerodinamica Tecnica cars — B.A.T. 5, B.A.T. 7, and B.A.T. 9 — were concepts undertaken by Bertone and exhibited at the Turin Motor Show in 1953, 1954 and 1955. They were all designed by Franco Scaglione and were constructed on chassis from the Alfa Romeo.

    Scaglione designed the cars without the benefit of a wind tunnel, they simply were his ideas of what would be aerodynamically efficient. It was a seat of the pants and gut level styling exercise — and nothing short of breathtaking in execution.

    What is most amazing is that the coefficient of drag figures for these cars was as little as 0.19, a staggering figure since they were done by intuition, not with modern fluid dynamics technology.

    The three cars were part of a single owner’s collection for many years and many thought we would never see them on the market, so it was a surprise when Sotheby’s announced their inclusion in the contemporary art sale just a few days before that sale was scheduled.

    The gracefully sculpted tailfins of B.A.T. 7

    The gracefully sculpted tailfins of B.A.T. 7

    When I received the press release, I called every collector I knew and asked what they though the three cars, offered as a single lot, would bring at the auction. Those knowledgable estimates varied between $18 million and $25 million. I thought the set would sell somewhere around $20 million.

    Thus my surprise when the cars sold for $14,840,000. That might sound like a lot of money for a trio of vehicles based on the Alfa Romeo 1900 platform, but if you view them as art, this was a tremendous deal.

    These three extraordinary examples of art in motion were the best deal I have seen in years, the new owner should be thrilled with buying these iconic collector vehicles at such a reasonable price.

    Art that you can actually drive, how do you beat that?

    This article, written by Andy Reid, was originally published on ClassicCars.com, an editorial partner of Motor Authority.

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