Carmel, Calif. - August 20, 2007 - Bonhams & Butterfields celebrated the tenth anniversary of its renowned motorcars auction at Quail Lodge on Friday, August 17th with nearly $9 million in total sales during the Pebble Beach Car Week.
This auction has become an institution during the most famous collector car week in the world, and once again Bonhams' offered the avid bidders a sumptuous feast of premium roadsters, tourers, muscle cars and competition cars. Bids came from buyers in the crowded tent and via telephone from numerous locations on four continents.
"The collector car market is showing strength and continued growth and we're pleased with the results as well as encouraged for the near and distant future. Much excitement is in the works with noted collections coming to the block with Bonhams," said Mark Osborne, VP of the Motoring Department at Bonhams & Butterfields.
Representing some of the very best of the motoring world, Bonhams' auction was held in conjunction with The Quail: A Motorsports Gathering. This event has become one of the anchors and a "must attend" for many who make the trek to Monterey for the Pebble Beach Car Week.
Jim Taylor, President and General Manager of Cadillac Motors, took the podium beside Bonhams & Butterfields CEO and auctioneer Malcolm Barber to say a few words prior to the offering of the world's oldest known Cadillac, a 1903 Runabout that proceeded to sell for $337,000 to a private US buyer.
Other highlights included:
The very elegant and flamboyant 1935 Talbot-Lago T120 Drophead Coupe
sold for $293,000 to a private European collector.
A classic brass era 1907 Packard Model 30 U-series Runabout sold for
$403,000.
A local private collector paid $403,000 for a 1931 Rolls-Royce Phantom I Regent Convertible Coupe. No stranger to Pebble Beach, this car has won awards here and at events across the country.
As is usual with Bonhams' sale at The Quail, sports racing cars
feature predominantly and a 1959 Cooper-Climax Monaco Mark I made $287,500 to a US racing enthusiast.
The two-time NCRS Top Flight Award-winning and Duntov Award-winning
1968 Chevrolet Corvette L88 Coupe sold for $252,500.
A 1973 Porsche 911 Carrera RS Touring coupe formerly in the
collection of the late "LA Times" publisher Otis Chandler sold for $271,000.
Within the sale's automobilia section, an original movie poster
autographed by Steve McQueen, Robert Duvall, Jacqueline Bisset and Robert Vaughn for the
Oscar-winning film "Bullitt" sold for $14,040.
A sterling silver Supermarine S.5 Schneider Trophy from 1927 sold to a European buyer for $40,950.
Sales results ("lot lists") are available by going to
http://www.Bonhams.com.
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