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By August 7, 2014 Read More →

Auctions America hits $17.5 million at California sale

The 1960 Mercedes-Benz 300SL roadster rolls over the block at the California auction | Auctions America

The 1960 Mercedes-Benz 300SL roadster rolls over the block at the California auction | Auctions America

Blue-chip collector cars led the bidding at Auction America’s second-annual Los Angeles sale, an event that generated $17.5 million in sales for its wide-ranging selection of cars and automobilia.

Leading the charge was a gorgeously restored 1960 Mercedes-Benz 300SL roadster that hit $1,155,000, followed by a lovely 1953 Ferrari 250 Europa that went for $1,017,500 (all sales results include buyer fees).

The 2014 results for the California sale last weekend was a tick higher than last year’s inaugural event, which resulted in a $17.2 million sale. The sell-through rate was off this year compared with 2013, though, when 83 percent of the cars sold. This year, 254 cars out of 400 offered went to new owners, for a 63.5 percent sales rate.

Other top sales included:

  • 1990 Ferrari F40, formerly owned by rock star Rod Stewart, $990,000
  • 1966 Shelby 427 Cobra, $962,500
  • 1966 Ferrari 330 GTC, $759,000
A 1959 Studebaker Silver Hawk sold for a bargain $13,750 | Auctions America

A 1959 Studebaker Silver Hawk sold for a bargain $13,750 | Auctions America

Several late-model exotics hit high numbers, such as the 2005 Ford GT that sold for $275,000 and a 2004 Porsche Carrera GT for $385,000. Other notable sales included a 1969 DeTomaso Mangusta that rang the bell at $214,500 and a rare V12 engine from a Ferrari 333 SP, which commanded a strong $310,500.

The California sale presented a highly diverse selection of collector cars, from entry-level vintage cars, sports cars and micro cars – some of which sold for modest four-figure prices – to top-drawer classics and performance cars. According to Auctions America, the offerings were selected with an eye toward the California lifestyle and interests and designed to appeal to a wide range of potential buyers.

“The success of our second California Sale is a tribute to the enthusiasm in the Los Angeles-area collector-car community,” said Ian Kelleher, managing director of auctions for Auction America’s West Coast Division. “This sale offers California enthusiasts the opportunity to purchase anything from a late-model sports car to a seven-figure concours-quality classic without having to travel out of town. Last year’s results were unprecedented, and this year surpassed our expectations.”

Posted in: News

About the Author:

Bob Golfen is a longtime automotive writer and editor, focusing on new vehicles, collector cars, car culture and the automotive lifestyle. He is the former automotive writer and editor for The Arizona Republic and SPEED.com, the website for the SPEED motorsports channel. He has written free-lance articles for a number of publications, including Autoweek, The New York Times and Barrett-Jackson auction catalogs. A collector car enthusiast with a wide range of knowledge about the old cars that we all love and desire, Bob enjoys tinkering with archaic machinery. His current obsession is a 1962 Porsche 356 Super coupe.

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