This 1905 Gardner-Serpollet 18hp Type L Steamer sold for $345,100, including buyer’s premium, at the Bonhams Royal Air Force Museum sale in Hendon, England, on April 20, 2009.
While all eyes were on the Supermarine Spitfire sold by Bonhams for over $2.5m in their April sale, a rather more remarkable result occurred on quite a different lot. This Edwardian steamer from France flew, relatively speaking, 55% over its high estimate of $222k to sell at $345k. The sale of the Gardner-Serpollet Type L at such a level was clearly down to an auctioneer’s dream confluence of circumstances. A rare car, believed to be one of two surviving, out of well-known long-term ownership, and with a coveted VCC certification of eligibility for the London to Brighton run, it was sure to excite eager would-be owners.
A steadily growing audience is succumbing to the lure of both early cars and steam power, resulting in some remarkable transactions, including the two De Dion Bouton et Trepardoux vehicles in 2007, one of which brought $3.5m for an 1884 at Gooding & Company’s August 2007 Pebble Beach sale and the other $979k for the 1890 model at Christie’s Paris in February 2007.
Serpollet’s cars at top of the steam market
Gardner-Serpollet cars can be found in important collections worldwide, from the French National (Schlumpf) Museum in Mulhouse to the Larz Anderson Museum in Massachusetts. As stated in the catalog description, Gardner-Serpollet was to steamers as Bugatti, Maybach, or Leland are to gasoline vehicles.
The highest quality, expert engineering, and competition-proven high performance put Serpollet’s cars at the top of the market. That land speed record was only held for seven months, but let’s consider that in context. Such was the pace of progress in the early years of the century that no one retained it for more than eight months between 1902 and 1906, when it was reclaimed by a steamer once more from the internal combustion engines that had stolen it from Serpollet.
Bonhams reported this Gardner-Serpollet Type L Steamer sold to a European collector who intends to use it in events, presumably including the London-Brighton. Based on a number of sales of important cars from long-standing ownership, the European buyers seem to have begun to step up in a way they hadn’t in the recent past. It’s an encouraging sign for the worldwide market when added to the somewhat surprising continued health of most of the U.S. auction market so far in 2009.
Used regularly and well by its prominent owner, it is a veteran of four London to Brighton events. Although the nominal cutoff for London to Brighton is 1904, this 1905 Type L has been grandfathered in.
Granted an exemption
The VCC issued a 1904 Dating Certificate to this Gardner-Serpollet in June of 1950. It was then discovered many years later that it was an ’04 built in ’05. As it had been judged otherwise at such an early date, it has been granted an exemption to continue its eligibility. That ruling, along with the style of the body, the capacity of the boiler, and the well-known provenance, guaranteed a good result-the final price realized was high, but not outrageous.
Here’s why. Late cars are frequently sought after, as many are larger and far more comfortable for the London to Brighton than most of the early entrants. The very handsome Tulip Phaeton coachwork with well-padded, shaped seats, doors, and mahogany-framed windshield gives the driver and passenger of the Serpollet a practically limousine-like environment for the tour. Combine that with smooth steam power, and you’ve got an unbeatable combination.
It has often been noted that a car out of long storage should be carefully recommissioned before returning to road use. This is, of course, more important with a steam vehicle, which must be thoroughly safety-checked prior to its next start up.
Rest assured that wherever the new owner of this wonderful Gardner-Serpollet Type L Steamer wants to take it, he will be welcomed.
