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2014 in Review

December 29th, 2014

2014 in Review

 

State of the Market: 

 

In nearly 40 years in the collector car business, we have never seen a year like 2014. The level of activity this year has surprised even those of us who have been in the business for decades, with both the values of cars and the number of transactions at an all time high. The general upswing of the economy and the expanding interest in classic cars has created tremendous demand for interesting and significant automobiles. Coupled with a fixed supply of classic cars, the result is predictable. Approximately 10,000 Enzo era Ferraris were built (Daytona/246 Dino and prior), and the same type of constraints exist with other great marques such as Aston Martin, Alfa Romeo, Maserati, Lamborghini, Jaguar, and Porsche. Many older collectors feel, "if it is worth that much, I will put my kids or grandkids through college and someone else can enjoy it," which is drawing many great cars onto the market to meet the increasing demand. The factors that drive demand, namely wealth and interest in cars, appear to be increasing while supply remains fixed, suggesting that the market is in good health and has significant potential to continue to increase.

 

Oftentimes, the most exciting cars we handle sell quickly and quietly, not because of any desire for secrecy, but because they sell before we publicly bring them to market. So, we would like to take this opportunity to share some of the highlights of 2014:

 


Ferrari 250 Testrarossa, s/n 0754TR: 

 

Perhaps our most exciting sale in recent years, if not ever, this pontoon Testarossa has wonderful history and became one of the most definitive example of these highly-coveted cars. For nearly 50 years, owner/driver David Love charismatically campaigned it on the road and track, until his passing in 2013. We were honored to place the car with a long-time friend and competitor of Mr. Love, who will retain the car locally and continue to actively campaign it in historic racing events. 

Maserati A6GCS, s/n 2053: 

This longtime member of the Fantasy Junction stable proved to be a trusty mount for us in vintage racing events, having won at Shell Historic Challenge weekends and finished on the podium at the Monterey Historic Reunion. The new owners have taken to the European rally circuit with s/n 2053, including the 2014 Mille Miglia.

Aston Martin DB4 GT Zagato, s/n 0180/L: 

 

Another highlight of 2014 was this exceedingly beautiful DB4 GT Zagato. This is a very special example with exceptional provenance including the Le Mans 24 hours of 1961, where it was running third when it retired during the 23rd hour with starter problems. These are among the most aesthetically pleasing GT cars ever produced, and it was our great pleasure to source this wonderful motorcar for our friends at Axel Schuette Fine Cars

Ferrari 365 GTS, s/n 12437

 

With just 20 examples constructed and a 4.4 liter V12 mated to the updated transaxle shared with the 365 GTB/4 "Daytona", the 365 GTS is widely regarded to be among Ferrari's very best and most desirable roadgoing open cars. This particular example, the recipient of an exhaustive restoration, will be offered in a few weeks by RM Auctions in Scottsdale, Arizona.

Aston Martin DB5 Volante, s/n DB5/C/1920/L: 

 

This fantastically undisturbed and highly original DB5 Volante is one of about twenty factory-built left hand drive DB5 Volantes produced. We had the opportunity to place this 19,000 original mile car twice this year, most recently with an enthusiast with a keen eye for exceptional British motorcars.

McLaren F1, s/n 028: 

 

The sale of this iconic and highly collectable supercar to a new home in Europe along with our friends atDK Engineering represented an exceptionally rare opportunity to handle one of the 64 roadgoing F1s built.

Porsche 2.7 RS Lightweight, s/n 911 360 1498: 

 

Fantasy Junction had the pleasure to work with Porsche specialist Lee Maxted-Page to acquire this exceptional 2.7 RS Lightweight on behalf of a long-term customer based here in the San Francisco Bay Area. While young, he has always had an eye for great cars, and the M471 RS is the newest addition to a stable which has included Lamborghini Miura S and SV, Shelby 427 Cobra, and 1965 GT 350.

Ferrari 250 GT "Tour de France", s/n 1031GT

 

Also emerging for exceedingly long-term ownership by David and Mary Love, this TdF was sold new to Jacques Peron and was campaigned by Peron/Schell to 4th overall in the 1958 Tour de France. The Love family acquired the car in 1972 through S. Whitney Griswold, and retained it through 42 years of regular use and enjoyment. While both David and Mary Love enjoyed the car together on rally events such as the Colorado Grand, it was Mary who competed with the car in historic racing venues while David raced his pontoon Testarossa. 

Alfa Romeo TZ1, s/n 096:

 

This is a wonderfully undisturbed and highly original TZ1 that retains its matching-numbers engine and original body with appropriate Zagato stampings throughout. The new owner is currently having the car vintage race prepped and is looking forward to running the car in West Coast events in 2015 and beyond.   

 

Ferrari 250 GT/L "Lusso", s/n 5003GT:

 

In September, Fantasy Junction quietly placed this stunning black on red platinum-achieving Lusso its next custodian, a young Ferrari enthusiast who previously owned a 330 GTC, and a Daytona Coupe. He drives the car with regularity and vigor, reminding us all that 100 points at a national concours meet is not the only route to happiness!

Ferrari 275 GTB/4, s/n 10291

 

The achingly-beautiful 275 GTB/4 attracts the admiration of even the most seasoned collector. This particular example quickly became a favorite with everyone at Fantasy Junction for is superb driving experience, pleasantly original interior, and excellent history. It is currently undergoing an exacting cosmetic restoration with its new owner.

Ferrari 330 GTS, s/n 10781: 

 

Fantasy Junction had the pleasure of placing this fantastic 330 GTS with its new European owner, which is the second time we have sold this particular example, previously owned by golf legend Greg Norman. The 330 GTS will always be special at Fantasy Junction because Spencer Trenery returned home from the hospital in one when he was born!

Ferrari 250 GT "Short Wheel Base", s/n 3113:

 

Offered by Gooding & Co during the Pebble Beach weekend, it was our great pleasure to partner with our friends at Gullwing Motorcars to  place this 250 SWB on their behalf with a West Coast collector in December. Bruce Trenery has had the opportunity to pilot several 250 SWBs in historic competition, including twice at the Le Mans Classic. They are a pinnacle model from a golden era when racing cars could still be enjoyed as spirited street machines. 

Alfa Romeo TZ1, s/n 016

 

Boasting period and historic California racing history, this example was placed with a new owner after 37 years with the same keeper in Southern California. 


 

 

Ferrari 275 GTB "Short Nose",s/n 7633

 

A beautifully restored example of the original design expression of the GTB which we've had the opportunity to handle several times over the years, most recently to an established client here in the US.

Ford GT40 Mk. I Competition, s/n P/1042: 

 

On behalf of our friends at Grand Prix ClassicsFantasy Junction was delighted to place this highly original and superbly-documented GT40 Comp car with its new US-based owners. It was a Scuderia Filipinetti team car in period, and its early history includes the 24 hours of Daytona, 24 hours of Le Mans, and a class win at the 12 hours of Sebring.

Mercedes-Benz 300SL Roadster, s/n 10-003191: 

 

It's hard to imagine a more desirable 300SL Roadster than this 42,000 mile 1963 example, which was factory equipped with disc brakes, alloy motor, and hard top. It is an extraordinarily complete car with its original purchase documents and original interior, which was in the care of the same owner for 41 years before being acquired by Mecum Auctions, for which Fantasy Junction quickly placed the car with a new owner. 

 

Moving Into 2015

 

It has been an honor to place these cars, and many others, with their next custodians this year. As we prepare for 2015, we look forward to the opportunity to facilitate your next collector car transaction. We are always seeking cars for consignment or to purchase, and our goal is to offer services that complement those of the prestigious auction houses. Our approach permits transactions independent of an auction date that could be months away, away from the public view, and with lower fees. We are also able to orchestrate creative solutions such as trades and 1031 deferred capital gains exchanges in a way that is difficult in an auction environment. Don't hesitate to contact us if you have something in mind, and thank you to all of you who made 2014 such an extraordinary year.