Tag Archives: 2018

Monterey Auction Results 2018

Now that the excitement of Monterey, CA week has settled down, we can check out the results and trends that have arisen. The combined auctions at Monterey week typically mark the end of the classic car season. Yes there will be plenty of other car auctions like the upcoming Barrett-Jackson Auction in Las Vegas, NV before the close of the year, but the big guns and big dollars are over for 2018. All prices listed are shown with buyer’s commissions and rounded off.1935 Duesenberg

Monterey Auction Results

Of course we already discussed the 1962 Ferrari GTO that sold for over $48 million dollars. The still “infamous” Ford GT owned by John Cena went for $1.5 million at Russo and Steele’s auctions

Gooding’s sold a 1935 Duesenberg for $22 million, which set a record for a pre-war auction sale. They took in $116 million in total sales.RM Sotheby’s garnered a whopping $157 million and that included a 1966 Ford GT40 that went for nearly $10 million.1966 Ford GT40

Monterey Auction Players

Meccum’s daytime auctions brought in a tidy $48 million and had some serious metal moving through the auction block. Worldwide Auctioneers edges into the field with a total sale of $5.5 million. Bonham’s sold over $37 million in one day at their sale. They sold off a 1921 Stutz Bearcat for just under half a million. Shortly after the auction week Bonham’s announced they had been sold to a private equity firm as well.

Monterey Auction Analysis

Now many might tout the current total of $371 million in sales as a great sign for the hobby. After all only 2014’s total of $463 million and 2015’s total sales of $396 million were higher. But subtract only the sale of that one Ferrari and the drop in sales is noticeable. Lately we have seen a hot market for the highest of high end cars and the entry level hobbyist car, priced under $50,000 seem sturdy. But prices creeping over $250,000 are seeing some turbulence. We translate that to mean that the deep pockets have plenty of room in their garages but aren’t rushing to put just “anything” in the stall. The auctions from January 2018 also has a stalling effect so we suspect that the stall want change much through next year’s kick off auctions during Arizona week.

And the Bonham’s sale is probably just the first of many ownership changes in the works among the auction houses. Subscribe and stay tuned for more fiscal shake ups

What do you think?

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Ferrari 250 GTO 1962 – Most Expensive Car

You might have read that this 1962 Ferrari 250 GTO is the most expensive car. Well that is partially right and partially wrong. The world of classic cars is engulfed with superbs and anecdotes, with a large dose of hyperbole thrown in. Read closely to understand more about the Ferrari 250 GTO.Ferrari 250 GTO Driver's Side

Ferrari 250 GTO – Most Expensive

Let’s cut to the chase. This specific model of the 1962 Ferrari 250 GTO by Scaglietti as of now is the most expensive car ever bought at a public auction. Period. Now as we previously covered, there is another Ferrari 250 GTO that is generally thought to be the most expensive car purchased but it was a private sale and the exact details are not a public record-yet.

Ferrari 250 GTO – In Demand

So many might ask what causes these models to be so expensive. Well like many classic cars, price is determined by rarity and provenance or background. The Ferrari 250’s are in demand because they are rare with only 36 made in various versions and iterations. Plus these cars were specifically designed and intended for racing. Ferrari 250 GTO Rear view

Ferrari 250 GTO – Racing History

The Ferrari 250 GTO was designed in a wind tunnel to compete for the International Championship for GT Manufacturers.  The hood was lowered and the windshield raked back for better aerodynamics.  This specific car won the 1962 Italian GT Championship and won several class first place finishes between 1962-1965. It last raced in manufacturers racers in 1965 when it won the Redex Trophy at Brands Hatch.  Though it then continued racing in smaller club races and changed hands often.  Strange that these beasts were raced extensively and yet all survived and are accounted for.

Ferrari 250 GTO – Vintage

The race car was entered into numerous vintage races over the years. Eventually Dr, Gregory Whitten in 2000 purchased the car. Whitten is able to collect vintage historic collector cars as he was an early employee at Microsoft and was their chief software architect.

Ferrari 250 GTO- Condition

It is interesting to note that this race car came with the original engine, already pulled and preserved for historic purposes and fitted with an additional 250 GT engine block (V-12 with 3 liter displacement producing 300 HP) that was upgraded to GTO specs.Ferrari 250 GTO V-12

Ferrari 250 GTO – Sold

At the Monterey Auction for RM Sotheby’s the car sold for $48,405,000 (including commission) after an opening bid of $35 million. In ten minutes it was gaveled sold to an undisclosed buyer.  Allegedly Whitten had bought it for less than $5 million, proving that his doctorate degree in Mathematics from Harvard wasn’t a fluke!

Photos courtesy of RM Sotheby’s

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John Cena GT Sold at Russo and Steele

John Cena GT

It must be sad to hear an auction house refer to a Ford GT as the “infamous” John Cena GT. Sigh. But tonight in Monterey, California the Russo and Steele Car Auction sold the John Cena GT. The 2017 Ford GT is touted as being the first “unencumbered” sale of the Ford GT.John Cena Ford GT Passenger Side

History of the GT

The 2017 model of the Ford GT is actually the third version of the Ford supercar. The original model was called the Ford GT40 and was produced from 1964-1969 strictly for racing  Ford dusted off the design and cranked out the second version from 2005-06 to honor their 100th anniversary. Interestingly in a quirk, Ford had never registered the original trademark and so had to call the second iteration the Ford GT.

Ford GT

When Ford announced the latest version of the GT they limited the production to only 1,000 cars and they required potential buyers to apply for the right to buy the car. The Ford folks vetted the applicants and required them to agree not to sale the car for two years. Since they came out, the GT’s have shown up at various events like this yellow GT. Exactly as Ford intended.Yellow Ford GT

John Cena GT

Enter the pro wrestler John Cena who applied and was approved to buy a Liquid Blue GT. He paid $463,376.50 for the car on September 23, 2017 and promptly sold it to a California reseller a month later. Ford threw down the lawsuits suing both the dealership and John Cena. Cena ultimately settled with Ford by agreeing to pay an undisclosed amount to an undisclosed charity through Ford. He also encouraged all other owners to honor their agreement not to re-sell the cars.John Cena Ford GT

John Cena GT Chapter Two

The John Cena GT was purchased by a California farmer (I’m not making this up). He cranked up the odometer to 625 miles before deciding his back was not conducive to the GT supercar. So now Russo and Steele had the chance to auction this car. Ironically the same dealership that Cena sold the GT to is representing the elderly farmer in this auction transaction!

John Cena GT at Monterey

The car auctions held during the week before the Pebble Beach Concours extravaganza mark the end of the “season”. Sure there will be more auctions for the balance of the year, but this week of auctions represents the other bookend to the start up of the classic car season that kicks off in January in Arizona. Russo and Steele is a big player in this arena and brought out plenty of potential bidders.

John Cena GT Sells

After some spirited bellowing by the auctioneers, the John Cena GT sold with a hammered price of $1,400,000 plus commission. Perhaps with that price it will lose the tag of being “infamous”?

Photos courtesy of Russo and Steele

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Nonsense All Purpose Cleaner from Chemical Guys

            Car owners realize that keeping their car clean is important but sometimes life gets in the way. Before you know it, a car interior can get grungy. But it is amazing how simple it can be to bring a car’s interior back to prime looks. A useful all purpose cleaner is Nonsense from Chemical Guys.Bottle of Nonsense All Purpose Cleaner

Nonsense

            I have been a huge fan and user of Nonsense ever since the main guy behind Chemical Guys recommended it to me. It comes full strength and I usually get great results diluted to a 10:1 ratio. Nonsense pulls up the grime, leaves no sticky residue and doesn’t engulf the air with perfume odors. We love that it just does the job and gets great results.

Nonsense to the Test

            These seats on a 2007 Toyota Camry are a soft fabric, but the light gray coloring will attract dirt quickly. I was wondering if the dirt was ground in too much, so I did a test strip first. A simple spray of the cloth, followed by a brisk scrubbing with a hand held brush and the results showed up! Dirty Car Seat Half Cleaned with Nonsense

A few more minutes of scrubbing and the whole car seat came back to new. I especially like the fact that the cloth maintained the original feel and shape with no soapy residue left behind.Cleaned with Nonsense Close Up

Nonsense from Chemical Guys

            Nonsense is part of a complete set of boutique car detailing products offered by Chemical Guys. You can also get it at their franchised retail stores- Detail Garage. It works on a variety of stains and never lets me down. For a super tough stain you could amp up the dilution level but 10:1 seems to be the perfect stain removal solution for me. Try some and let us know what you think!Cleaned with Nonsense Extreme Close Up of Cloth

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Detailing Rig from MYCHANIC A Rolling Masterpiece

Wow!  The first thing we recognized when checking out this MYCHANIC  Detailing Rig is just how well designed it is. This is not just another one size first most water bucket but a purpose built detailer’s dream.DSCN1163

MYCHANIC

The MYCHANIC brand is an up and coming brand that is making a name for itself with well designed and professional grade materials. This detailing rig is no exception. Dressed out in their iconic Irish Green hue, this detailing rig is eye catching and handy. When offered a chance to try out this detailing rig, we jumped at the offer! They are based in Tennessee and we first met them at the AAPEX show in Las Vegas, NV last year.

Detailing Rig

The box arrived with the partially assembled detailing rig heavily padded and carefully wrapped. Order this and the FedEx man won’t be delivering a banged up, damaged product. When a company puts this much thought into how to package and ship it, you know this is a company you’ll like seeing more of.DSCN5519

This rig is made of powder coated heavy gauge metal pieces that were easy to assemble. It helps if you follow the instructions, but it was easy to assemble.

Detailing Rig Design

This detailing rig comes with FIVE heavy duty urethane casters with roller bearings. The fifth caster on the one end makes it that much harder for it tip over.  Again, well engineered!  DSCN1170

The bucket comes with a removable perforated bottom grid.  You’ve probably seen endless variations on this guard, but the purpose is to let the dirt and grime that accumulates in the water bucket, settle below the grid and not in your bucket water. Many serious detailers use a two bucket method to further reduce the dirt accumulation in your wash water, but again this shows MYCHANIC’s attention to detail. The bucket rim includes two sets of cutouts to hang your favorite detailing product from.DSCN1160

Detailing Rig Components

The metal tray is a great place to store a few rags or tools while detailing your car.  The side beverage holder is a great place to plop a drink, cuz’ we all know detailing is hard work.DSCN1159 The padded seat is form fitting and provides for a comfortable pad for your aching butt. Best news is the seat pad is easily detachable, so it can serve as a kneeling pad or you could even plop your rear end even lower to the ground.DSCN1166

The detailing rig is a good height and will put you up along the belt line of the car if you need to do some serious work along the sides of the car. Plus with the bucket it is a great tool for general car washing duties.

Useful Detailing Rig

Of course this rig is not just reserved only for detailing duties. It would be a great overall mechanic seat when working on brakes, front end and other car parts. It is heavy duty and will stand up to some serious work duty.  You can check out the seat here or look over their entire product lineup. They are good folks with some great ideas.DSCN1172

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Most Expensive Classic Car -Ferrari 259 GTO

Records are meant to be broken and in the world of classic cars and tons of money, the records fall quickly.  For a spell this 1936 Bugatti Type 57 SC Atlantic was thought to be the most expensive car. It is owned by Rob Walton (yes of the Wal-Mart Walton’s) and allegedly sold for $40 million dollars in 2010.1936 Bugatti

1936 Bugatti

We had the chance to see it up close and in person at a local Concours show and it certainly was a classic. But like we say, records fall fast around classic cars. It had the reputation as being the most expensive car ever sold.  It is a ‘reported” price as it was a private sale and not subject to any public certification or event. A co-owner is listed as Peter Mullin who runs the Mullin Automotive Museum. It is a featured car at the museum when not in shows.1936 Bugatti Front

 

1963 Ferrari 250 GTO

Earlier this year that record for most expensive car was shattered, again “reportedly”, when a 1963 Ferrari 250 GTO was sold for $70 million in a private sale. It was bought by David McNeal who founded WeatherTech- the rubber mat company. This Ferrari has a great racing pedigree, including coming in fourth at 24 Hours of Le Mans in 1963 and won the Tour de France course in 1964.Ferrari 250 GTO

 

1962 Ferrari 250 GTO

Next up? Potentially this red 1962 Ferrari 250 GTO .  It is offered up at the Monterrey Auction by RM Sotheby’s with an estimated price tag of between $60-45million, which is quite a range. Now auction houses are now for hyperbole but they probably have nailed the low end for this Ferrari.1962 ferrari 250 gto

Only 36 GTO’s were built, so this becomes a pretty exclusive car. It also has a good racing pedigree and was one of four upgraded by Scaglietti with the Series II coachwork, which features a wider aerodynamic body. the new bodywork lowered the car, crafted a better balanced car and allowed for better handling on the road courses.  Interestingly the original engine was removed from the car and preserved with a different 250 GT block presently in the car. So an owner could drive the red racer and still have the original engine for history and originality.

Will it exceed $60 Million? Hard to say but the scarcity of the Ferrari’s suggest that some company stock might be sold off to allow for a new car in somebody’s stable.

Some photos courtesy of RM Sotheby’s

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Headlight Restorer and Protectant from Chemical Guys

It seems every year at the SEMA Show that more vendors pop up offering a headlight restoration product.  From a few companies that offered a slew of detailing gear and compounds, now anybody with a selling spot had a miracle liquid cleaner for those pesky glazed over headlights.Headlight Before

Headlight history

Ever since the car manufacturers dropped using glass headlights, (anybody remember the sealed round H-4’s ?), which was initiated in 1983; the movement to plastic lenses has also created a market to repair the glazed, cloudy lenses. Originally many just paid their mechanic to swap in a new lens but that option gets more and more expensive. So now companies offer up various cleaners to restore the lens to like new condition.

Headlight restoration

Some sites will recommend toothpaste or even bug repellant to clean lenses but honestly these are short term fixes that mask the issue. Most legitimate cleaners work by smoothing out the rough surface and then polishing the plastic back to new.  If the surface has really degraded, the repair process might need to actually start with sandpaper to get in all the deep crevices.

Headlight Restorer and Protectant from Chemical Guys

We had the chance to try out the Headlight Restorer and Protectant liquid from Chemical Guys, a leader in the boutique car detailing business.  These guys (no pun intended) know their stuff and I was impressed with the outcome.  Our test car was a 2010 Camry whose lenses have been exposed to some intense Arizona heat.  The directions call for spreading 3 – 6 dots of Headlight Restorer and Protectant over a microfiber towel or applicator pad, then scrubbing the hazy headlight lens vigorously until the polish turns clear and finally wipe off residue with a clean microfiber towel and inspect work. Repeat as necessary.Cleaner on a microfiber

The protectant part of this product is equally important because after cleaning and polishing the lens, the sun is still going to beat down on that plastic.  That means you need some sort of UV resistant layer to help prolong the squeaky clean look. Chemical Guys uses sealant technology to preserve that look and keep the sun at bay.

We were impressed with the ease of use, no need for an electrical buffer, and the look is darn right impressive.  We’ll keep an eye on the lenses and see how they hold up over the next few months, so subscribes to this blog and see how the product holds up in Arizona’s brutal heat.Headlight After

PS  Technically these electrical components are headlamps, and the light they emit are headlights but I don’t know anybody who calls them headlamps. Do you?

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Corvette Turns 65 Happy Birthday

Congratulations to the Corvette, America’s Sports Car for turning 65 today.  The longest running passenger car marque first had their production run start up in Flint, Michigan producing the first Corvette on June 30, 1953.  So the Corvette is officially a senior citizen now.1953 Corvette Passenger Side

First Year Corvette

All the first year Corvettes were produced as Polo White with a red interior and a black canvas top for the convertibles.  Only 300 models were produced in the first year and they all had a Blue Flame straight six cylinder engine and automatic transmission.

Corvette enthusiasts might have the T-Bird to thank for continuing the lineage as Chevrolet was strongly considering dropping the Corvette until the Ford Thunderbird entered the market in 1955.  Lucky break!1953 Corvette Front Quarter view

Building the 1953 Corvette

The first year Corvettes were all made by hand, without an assembly line and so the fit and finish and actual parts used varied a bit as building techniques evolved.  All came equipped with AM radios and a heater as the only “options.”

Surprisingly, with only 300 originally built there are a few originals that can’t be accounted for.  Our guess is they were “just a car” back then and went into somebody’s junkyard for scrap.

 

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Chenille Wash Mitts from Chemical Guys

Chenille Wash Mitts from Chemical GuysChenille Car Wash Mitt

Well it might not be earth shattering in the overall scope of car care, having a great wash mitt is certainly a big help. There are proponents of various wash devices, everything from the old school baby diaper to large spore sponges and microfiber towels. But this chenille wash mitt is a perfect fit.

A wash mitt is designed to go over your hand and allows you to deliver sudsy water to your car’s sheet metal. A mitt is definitely not a plastic scrubby or the back side of a squeegee. Mitts are primarily designed to bring the soap water to the car.

Chenille Wash Mitt

Chemical Guys, a boutique car detailing supplier, has a bright neon green chenille wash mitt made from microfiber. This chenille car wash mitt from Chemical Guys is packed with plush “noodles” to help hold a ton of soapy water when cleaning your ride. This allows for a scratch free way to wash your vehicle in record time. The mitt is made from a 70/30 blend of microfiber and is super plush. The mitt has an elastic cuff to make sure it stays put on your hand. The lime green color will help you easily find it amongst your cleaning supplies. I was amazed how much water this mitt can hold, you truly have to try it out yourselves.Chenille Car Wash Mitt Cuff

You can always clean the microfiber mitt with hot water and soap and allow to dry. Of course since it is microfiber NEVER use a softener sheet or liquid!

Two Bucket Car Wash Method

I generally tout the two bucket method for car washing. Fill up one bucket with soapy water and the other can be tap water. Put your chenille car wash mitt in the soapy water and starting at the top of the car, starting letting that soapy water wash away the dirt. If you find a stubborn spot a little persuasion with the mitt will remove most contaminants. Take your now dirty mitt and rinse thoroughly in the clear tap water bucket. This allows the trapped dirt to go into that bucket instead of mixing into the soapy water. Now take your rinsed out mitt and dunk it into the soapy water and repeat. You now have mastered the two bucket method of car washing. Congratulations.Chenille Car Wash Mitt Noodle

The Chenille Car Wash mitt is a great offering from Chemical Guys and should be in every detailer’s arsenal. Now go wash your car!

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Turtle Wax Exterior 1 Waterless Wash Wins

Turtle Wax, a leader in the consumer car cleaning sector, has come out with a smashing lineup of products, including a Turtle Wax Waterless Wash and Wax, labeled Exterior 1. Often times car owners are faced with a dirty car and no access to water, hoses and buckets. This product allows a car to be cleaned with just the spray bottle of waterless cleaner.Bottle

Dirty Car

Our test car was a 1968 Camaro that unfortunately was parked outside when a sudden and dusty rain storm hit. The dust stayed after the rain went away and spotted the car immensely. Of course the green and silver paint really showed the Arizona dirt. So this presented the perfect opportunity to try out Turtle Wax’s product.Rain and Dirt Attacks 68 Camaro

Applying Turtle Wax Waterless Wash Exterior 1

Now there is a technique to using these styles of cleaners. Get a clean microfiber cloth, the thicker the better, and fold the towel into quarters. That will give you four surfaces to work with on each side of the towel. As you spray on the Turtle Wax Exterior 1, cover one panel of the car, at a time. Dirty Hood

You’ll see that the liquid will actually cover the panel and gently lifts up the dirt from the surface. Use an edge of the microfiber towel and gently drag it over the surface, with the cloth just barely touching the paint.

You do NOT want to rub hard or go around in circular motions. That creates a risk of the dreaded “swirls” in your paint. Just a gentle glide over the metal will grab the liquid and the dirt. On you next pass, just move the towel up an inch or so to expose a fresh, new swatch of material. Repeat until the whole panel is clean. Repeat the process over the entire car. Change out the quarter of the microfiber as each section gets dirty.

Exterior 1

The bottle contains 26 ounces and I used about two thirds on the whole Chevy. This include the glass and hubcaps.Glass Cleaned with Waterless Washa nd Wax

The result was a clean car with no dirt or residue. If you find some tree sap or bird droppings on the car, just saturate the offending matter, and it will generally come off with a little prodding.

The scent is pleasing with a slight lemon hint. It comes out clear and did a great job eliminating the rain induced dirt.After use of Turtle Wax Waterless Wash and Wax

This would be a great product for a road trip, where your hotel might be objecting to you dragging out buckets of soapy water in the garage. For those of you facing water shortages and car wash limits, this is a viable option as well. I know I’ll be utilizing this on my next road trip, how about you?

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