Bonhams Opens Monterey Car Week with Record-Breaking Auction at Quail Lodge

San Francisco – August 15, 2010 -– Bonhams & Butterfields celebrated the thirteenth anniversary of its renowned motorcar auction at the sunny Quail Lodge in Carmel Valley with resounding success.

Comprising a very diverse and newsworthy selection of 102 cars, 1 airplane and 1 boat – of which 77 sold (a 74% sell rate), the auction represented three major collections headlined by the Michael Amalfitano collection of competition cars, which blew through all pre-sale expectations and set the tone for a buoyant two-day sale.

A world record for any Porsche sold at auction was achieved with the ex-Jurgen Neuhaus/Jurgen Barth 1972-73 European Interserie and David Hobbs/Mike Hailwood Gulf-JW Automotive team 1972-73 Porsche 917 Interserie Spyder neé 1970 Gulf-JWA Le Mans 917K Coupe realizing $3,965,000.

Many other strong prices were attained for the rarest and freshest offerings, which included:

The exceedingly rare 1930 Mercedes-Benz 7.1 Liter SS Tourer that made $2,537,000 after spirited bidding.

The ex-works, Gerhard Mitter/Lucien Bianchi Nurburgring 1000 kms-leading 1967 Porsche 910 Endurance Racing Works Coupe that sold for $797,000.

The ex- J. Herbert Carpenter, Western Reserve Historical Society, Joe Tracy 1908 Thomas Flyer 4-60 Tourer that went for $733,000.

The ex-Ernst Loof racing team, Sandizell-owned 1937 BMW 328 Roadster that was bought for $667,000.

Furthermore, automobilia and spares posted the highest ever total at this venue with $1.185 million realized.

“We are very honored to have been selected to offer these incredible motorcars at auction,” says Mark Osborne, head of Bonhams’ Motoring Department. “We are very pleased with the results and the satisfaction of having met or exceeded the expectations of our discerning and growing clientele.”

Bonhams’ annual sale at Quail Lodge – the longest running auction during the most famous collector car week in the world – has demonstrated yet again why the 217-year-old auction house is a leader in the international domain of automobiles and a cornerstone of the Monterey Peninsula Car Week.

Jim Pickering

SCM Managing Editor

Jim grew up in a small neighborhood of car guys, so the bug bit him early, and rides in his neighbor’s over-powered street rods sealed the deal for good. His first car was a ’66 Caprice with a big-block Chevy—a car which landed him his first job as a mechanic after high school and through college, got him into drag racing, and much to the distress of his wife Kristina, caused his recent home search to take a full year—the Caprice is 19 feet long and gets parked inside. In addition to the Caprice, also maintains a 1972 Chevrolet K10 4x4 and a 2006 Dodge Charger SRT8.

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