Two auctions at the extremities of the world on consecutive days last weekend highlight the importance of the internet in the modern elite auction process. One in Denmark was a raging success, the other, in New Zealand, was not. One employed full internet streaming and bidding, the other did not.
A real automotive rarity went under the hammer at Bonhams over the weekend with the only known 1905 Woods Queen Victoria Brougham selling for DKK632,500 (US$94,548). Part of the Frederiksen auction at Ebeltoft, Denmark on September 26, the electric vehicle acts as a window into the early days of motor cars when new technologies fought for supremacy on the roads and in the show rooms.
It's not all that long ago, that a car selling at auction for more than the magical million dollar mark would bring a round of applause, recognizing the significance of the sale. The continuing rise in values of top tier collectible cars has now seen more than 1300 cars fetch more than a million dollars, with hundreds more sold each year and 2015 set for a new record. Less than a month after Monterey Car Week saw more than 80 "Million Dollar Cars" sell, a further 14 cars topped the magic million dollar mark across six auctions in eight days. Despite some forebodings that the collectible car market had finally "topped out", it appears that predictions of its demise were somewhat premature.
This week is Monterey Car Week, an event which has evolved over the last
65 years to become the single most important celebration of automotive
heritage in the world. The Pebble Beach Concours d'Elegance has become the
world's most important such event, and the round of collectible car
auctions (seven almost concurrent auctions this year) now sells almost
half the world's most valuable cars. Includes internet viewing guide and times.
Only 18 cars have ever sold at auction for more than US$10 million. It's illustrative that 11 of those cars have sold during the mid–August Monterey Car Week auctions surrounding the Pebble Beach Concours
d’Elegance. This year that number might rise dramatically as there are 10 cars
going to auction over a three day period that are estimated to surpass the $10
With low profiles, origami-like angles, and razor-sharp contours, the wedge-shaped supercars of the 1970s were the epitome of outrageous automotive style. Whilst the likes of the Lamborghini Countach, the Lotus Esprit, and the BMW M1 were the on-road embodiment of this ethos, the Maserati Boomerang concept car that preceded them took this style to the limit. Now, more than 40 years after it made its first appearance, this one-off automotive icon will be offered for sale by auction.
One of the world’s most exclusive and tradition-steeped events for historic cars and motorcycles takes place on the shores of Lake Como next weekend (22-24 May). Here's our guide to what to you can see at Concorso d’Eleganza Villa d’Este and what's for sale at RM-Sotheby's Villa Erba auction preview where 15 vehicles are expected to sell for more than $1 million each, and two cars are likely to move into the 20 most valuable cars ever sold at auction, both fetching more than $10 million.
In science, things can move quickly and once-vaunted instruments are often left by the wayside. Bonhams auction houses around the world regularly scoop 'em up and dust 'em off, inviting the technologically curious to take a little stroll through the history of scientific achievement and invest in what we've previously argued is one of the most undervalued collectibles marketplaces. Bonhams' upcoming Scientific, Technological and Mechanical Musical Instrument auction in London will showcase a range of rare and unique collectibles, with amputating saws and hand-cranked mechanical calculators all part of the mix.