Bonhams Amelia Island Auction 2019 - valuable veterans and affordable Ferraris
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Summary
Bonhams put 107 cars and a motorcycle under the hammer at the Fernandina Beach Golf Club on Amelia Island on March 7, 2019. The total value of the vehicles was estimated at almost USD 24 million. USD 15.4 million was realized and 82 percent of the vehicles were sold. The highest bid reached an average of 74 percent of the median estimate, with the early cars in particular - almost half of the cars were from the pre-war period - causing upward spikes. The most expensive car to find a new owner was a Cadillac V-16 Roadster from 1930, but the Brabham once driven by Ickx and Rindt also did respectably well. This auction article analyzes the results and shows the vehicles in pictures.
This article contains the following chapters
- Veteran fireworks
- Electric high-flyer
- The winning Brabham of Ickx and Rindt
- Two Skyline
- Fine Ferrari sports car
- Surprising price mark-ups on the Jaguar E-Type
- Bargains?
Estimated reading time: 4min
Preview (beginning of the article)
Bonhams put 107 cars and a motorcycle under the hammer at the Fernandina Beach Golf Club on Amelia Island on March 7, 2019. The total value of the vehicles was estimated at almost USD 24 million. 82 percent of the vehicles were sold, which was certainly helped by the fact that around two thirds were auctioned without a reserve price. On average, however, a reasonable 74 percent of the median estimate or around USD 168,300 was bid. With an average age of over 72 years, Bonhams was able to come up with an offer that included significantly more pre-war vehicles (almost half) than you see at most auctions today. The bidders appreciated this, as the early cars actually performed significantly better on average than the more modern vehicles.
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