I have a client, David, who is a dream. Intelligent, fun, focused, patient. He has been looking for a Lancia Aurelia B24S Spider America for a while now. He was searching for a car to drive in events such as the Mille Miglia, then eventually restore for concours showings.
These rare cars- 240 were made in a single year, 1955- have seen incredible interest recently, with a concomitant increase in values. As the Brits say, they ‘tick every box’. Beautiful, wonderfully engineered and constructed, these Pinin Farina masterpieces are a blast to drive and eligible for every driving and posing event around the world you could want to enter.
Not very long ago, the best of them would sell at auction for $500,000. Prices moved up into the $800,000 range with all waiting for the magic $1m mark to be achieved. That Rubicon was crossed, dramatically, in January 2014 at Gooding & Company’s Scottsdale, AZ auction where a nice, but not perfect, one sold for World Record $1.815m. We thought perhaps the ship had sailed for my client. A subsequent sale at Artcurial’s Paris Retromobile sale of a car not quite as good as the Arizona example for $1.020m gave a clearer indication of true market level.
That we were able to purchase a Spider America which had literally just left the restorer’s shop, with some minor incorrect details and break-in sorting needed, for $1,292,500 was just right. Another good afternoon at work!