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Cord breaks auction record at Bonhams' Amelia Island sale

Cord breaks auction record at Bonhams' Amelia Island sale Classic and Performance Car

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.’
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