Market Intelligence
Bonhams in Audrain. Good winds continue
The first Bonhams auction in Newport Beach was a success with 78% of the 41 cars sold. The top lot was a 1955 Mercedes-Benz 300SL Gullwing, which was sold for $1.56m, followed by a 1963 Shelby Cobra 260 that was sold for $728,250. A 1993 Rolls Royce Corniche IV Convertible with just 16,354 miles from new and a 2009 Mercedes-Benz SLS AMG GT sold for record prices of $131,600 and $280,000 respectively.
The first edition of the Bonhams auction in Newport Beach (RI) was a success. The sale was held in conjunction with the Audrain Concours d’Elegance and demonstrated that the industry is in great shape.
Just 41 cars on offer, but each of excellent quality and more-than-reasonable pricing; in fact, 32 of these were sold, equivalent to 78.05%. That number would be higher if we also considered the 1971 Ferrari 365 GTB/4 Daytona, which changed hands after the event, bringing the total to 80.4%.
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