Bonhams’ first Amelia Island sale sees some impressive results and world record prices - with huge interest in American classics
Bonhams achieved total sales of $13.95million for its inaugural sale at the Fernandina Beach Golf Club, joining a strong line-up of sales at the Amelia Island Car Week. With a sell-through rate of 79 per cent, several of the sales also represented auction world records.
One of the highly anticipated lots, a stunning 1930 Cord Model L-29 Town Car with coachwork by Murphy, attracted huge attention from US bidders selling for $1,760,000. It’s a particularly special example, being completely original and un-restored. Read the full story here.
It seemed that this was a special sale for pre-war US cars, with a beautifully-restored 1908 American Underslung Roadster performing exceptionally well. At the end of the day, $1,738,000 was paid for the imposing machine, beating Bonhams’ previous record. Two other interesting sales include the1932 Stutz DV32 Super Bearcat that made $1,012,000 and the 1912 Peerless Model 60 Runabout that sold for $440,000.
More modern supercars also performed well, with the 1981 BMW M1 Coupe seeing a bid of $605,000 – a world auction record. A Ferrari 512 BB made $359,700, and fierce bidding saw a 1952 Alfa Romeo 1900C Sprint Coupe selling for $415,800, both world records.
Rupert Banner, Bonhams Motoring Department's VP of Business Development, commented: ‘We couldn't be more pleased with the results. The community of Fernandina Beach, particularly the mayor, city council and the folks at Micah's Place were tremendously supportive and welcoming and it made for a very conducive and enjoyable event.’ He added, ‘The results point to continued strength in the market with particular emphasis on rare, original condition pre-war American marques, as well as top-tier mid to late century European sports cars.’