The Bonhams Quail Lodge 2016 auction was held Friday, August 19th on the grounds of the Quail Lodge in Carmel Valley, California, resulting in $34.8 million in total sales and an 88 percent sell-through rate.<\/p>\n
Held in connection with the Quail Motorsport Gathering, the 19th Bonhams sale held during Monterey Classic Car Week featured more than 115 vehicles.Several world records were achieved by Bonhams with James Knight and Rupert Banner acting as the event\u2019s auctioneers. The star of the show, the 1931 Bugatti Type 51 Grand Prix Racer of Lord Howe fame, sold to a private collector post-block the auction for $4,000,000, a new world record for the model.<\/p>\n
The 2014 Ferrari LaFerrari, the first to be offered publicly, sold for $3,685,000. At the other end of the automobile evolution spectrum, the 1904 Mercedes-Simplex 28-32hp Five-Seat Rear Entrance Tonneau also established a world record for the model when it went for $2,805,000. Another record-making vehicle was the 1955 Lamborghini DL25 Tractor that was purchased for $110,000.<\/p>\n
A host of other model records were set by Bonhams for cars from Ferrari, Hudson, Maserati, Renault and Stutz, while many million-dollars cars secured the auction\u2019s top positions. Examples include the 1985 Ferrari 288 GTO that made $2,112,000; the 2015 McLaren P1 that sold for $2,090,000; the Lancia Aurelia B24S Spider America that achieved $1,402,500; the Duesenberg Model J Town Cabriolet that went for $1,254,000 and the 1989 Ferrari F40 was purchased for $1,155,000.<\/p>\n
Other automobiles that did well were the rally cars. The 1984 Peugeot 205 Turbo 16 and the 1983 Renault 5 Turbo II — both of which are uncommon sites on this side of the Atlantic, found no shortage of interested bidders and sold for $198,000 and $132,000, respectively.<\/p>\n
\u201cWe achieved some strong results here during the Monterey Car Week but I was especially heartened by the depth of bidding and sell-through rate achieved,\u201d said Bonhams Director of Motoring James Knight. \u201cOur international team were in attendance servicing a worldwide clientele, and whether it\u2019s making records this month in the US or next month in the UK, the Bonhams motoring group, as market leaders, is one of the finest anywhere.”<\/p>\n