BONHAMS STORMS GRAND PALAIS WITH TRIUMPHANT OPENING EUROPEAN SALE
WORLD RECORDS BROKEN AND MORE THAN €14,000,000 ACHIEVED
The ex-Earl Howe, Pierre Levegh 1935 Bugatti Type 57T achieved €713,000
Bonhams European sale season got off to an impressive start yesterday, 8 February, at Le Grand Palais in Paris. The marathon sale lasted more than 7 hours, and achieved a total of €14,930,317 with 77% of lots sold.
An auction world record was achieved when the 1926 Bentley 3-Litre Red Label Speed Model Tourer sold to a bidder on the telephone for €701,500, a record for the model at auction.
Vintage and veteran cars were the top performers throughout the sale, with both the ex-Earl Howe, Pierre Levegh 1935 Bugatti 57T and the 1904 Fiat Type 24/32 rear-entrance tonneau achieving €713,000. The Fiat 24/32 was offered from the collection of the late Jan Bruijn, a stalwart of the European veteran motoring scene.
A highlight of the sale was the 19 lot collection of the late European collector, Jacques Vander Stappen. The entire collection found buyers, and many sold for well above their pre-sale estimates. The top lot was the beautiful and rare 1907 Minerva Type K 40HP Limousine/torpedo convertible, which achieved €603,750 against an estimate of €350,000—450,000, followed by a second example from the Belgian marque, a 1934 Minerva Type AL 40 CV coupé sport which sold for €391,000.
A model record was achieved for the 1926 Bentley 3-Litre Red Label (€701,500)
More modern classics performed similarly strongly across the board, with the 1974 Lamborghini Countach LP400 ‘Periscopo’ achieving €638,250 and the 1958 Jaguar XK 150 S 3.4-Litre Roadster which realised €219,050.
Further highlights included the 1928 Type 40 Grand Sport which realised €529,000, exceeding its pre-sale estimate of €300,000-400,000, and the 1954 Aston Martin DB 2/4 3 litres cabriolet which sold to a buyer in the room for €391,000. The beautiful 1936 Alta 2-Litre Sports also found a new home, selling to a bidder in the room for €345,550.
The imposing 1907 Minerva Type K 40HP Limousine/torpedo convertible achieved €603,750
Philip Kantor, European Head of Motor Cars, commented: ‘This was an exciting start to our European auction season, and the range of lots offered to reflect the diversity of Bonham's expertise. Single owner collections performed well throughout the sale, demonstrating the strong links that Bonhams has forged throughout the classic and collectors’ car world. A total of well over €14,000,000 is a fantastic start to the year, and we look forward to building on our success throughout 2018.’