The “The Big Brands in Monacoauction organized by Bonhams will take place from 13 to 15 May. The dozens of cars put up for sale are on display at the Fairmont Monte-Carlo hotel. The Monaco Tribune editorial team has selected for you. Here are five models that will go under the hammer this weekend.
1988 Porsche 959 Comfort
One of 292 models built at the time. Designed in the early 1980s, it quickly became a limited edition. There are two different versions, “Sport” and “Komfort”, referring in particular to the interior of the vehicle. When released, it was the world’s fastest legally produced car. René Metge and Dominique Lemoyne won the 1986 Paris-Dakar rally with their Porsche 959. Estimated selling price: €1.4m – €1.6m.
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1970 E-TYPE II SERIES 4.2 LITER Jaguar ROADSTER
This car belongs to Alfred “Fredy” Zurbrügg. If this name means nothing to you, it may be that of the previous owner. On the set of the 1971 film Le Mans, international star Steve McQueen invited one of the cooks on set to choose a car. Alfred “Fredy” Zurbrügg replied: “I don’t have a driver’s license”. Steve McQueen insisted and Fredy chose the Jaguar from the cars purchased to make the film. 52 years later, here it is, like new, for sale. Estimated price: €250,000–€350,000.
1927 Bugatti TYPE 35B
Certainly the most expensive car offered in this auction. Far from the current models, this nearly century-old Bugatti has known dozens of different owners, from France to the United Kingdom and numerous racing circuits. Because the Bugatti Type 35 is actually a racing car. It won more than two thousand victories in competition with its different models: Type 35, 35A, 35C, 35T, 35B, 37, 37A, 39 and 39A. Estimated price: 2M€ – 3M€.
1965 Ferrari 275 GTS
A car with an almost aggressive appeal. In the mid-1960s Ferrari introduced a more luxurious look to their cars. The 275 GTS benefits from wide, comfortable seats and a varnished wooden dashboard. This model was driven by Jean-Pierre Beltoise, winner of the Monaco Grand Prix in 1972. Estimated sale price: €1.4m – €1.6m.
Porsche 911 R TYPE 991 Coupe 2016
This latest model is newer and you are probably more familiar with it. Beautiful rather “classic” sports car, the Porsche 911. The 911 R was produced in 991 copies, it is the number 532. This powerful model, unlike its predecessor the GT3, was equipped with a brand new gearbox manual gears. Porsche only offered and sold the built 991 models to its “preferred customers”, much to the disappointment of many. Estimated price: €300,000–€400,000.
Auctions – a user guide
Auctions sound pretty exciting, but how do they work?
“Bidding often starts at 50 or 60% of the vehicle’s original price,” says Paul Darvill, Bonhams’ European sales manager. The prices will increase as the auction progresses and according to a precise scale. For cars in this price range, the auctioneer will “raise” the bids by €10,000 at a time. “An auction is also an event, it is also a spectacle […] It wouldn’t be interesting if someone won with just one very high bid,” he adds. “Some cars have a reserve price and will not be sold if they do not meet it. Those without a reserve price must and will be sold, regardless of the final bid.
How to participate, how to pay
Potential bidders must pre-register. Identity card, address, sometimes a letter from the bank to verify the funds… the checks on potential buyers are quite detailed. Once registered, bidders can participate directly in the room, by telephone, by internet, or by written bid. Be careful though, if you “win” a car at €400,000, you must add 15% of the amount in commission for the organizer, in this case Bonhams. Depending on the provenance of the lot, taxes may also apply.