Tuesday, August 30, 2011

Sold!-Two Former Steve McQueen Cars At Auction

by Mike - 

The sales results are in red text.

How many classic cars did Steve McQueen own? It seems like every year another one comes up for sale. Now RM Auctions has two up for auction in Monterey this year.

The first is a 1953 Siata 208/S Spider that I have photographed and written about before here and here.

$946,000-Sold - it does not seem that the Steve McQueen Factor helped this car. The Hagerty Price Guide lists the value of this car (without the McQueen Factor) at $1.1 million for a condition 1 car and $950,000 for a condition 2 car. I wrote about this car before and it is easily a condition 2 car. 

The Siata 208/S Spider at this link sold at Gooding for $1,567,500. This car was a Pebble Beach class winner, a condition 1 car.

RM's summary:

- Legendary “8V” power with rare, attractive and desirable spyder coachwork
- Multiple concours awards; shown at The Quail, twice at Pebble Beach and part of an extended exhibit at the Petersen Museum
- In excellent condition, a superb event entry, eligible for the Mille Miglia

The other former McQueen car is a 1970 Porsche 911S "Le Mans" Movie Car.

$1,375,000-Sold - as I said before here, this is a huge Steve McQueen Factor - more than a 10:1 ratio over the same car without the McQueen connection. Those few minutes in the movie Le Mans may have had an impact on this price.

RM's summary:

- Delivered new to Steve McQueen on the set of the iconic motorsport movie Le Mans
- Highest available specification offered by Porsche for street models
- Invoiced and assigned by the Property Master for use during filming and for McQueen’s personal use
- Four owners from new, including McQueen’s personal collection in California
- Excellent in highly original preserved condition
- Well documented with invoices and correspondence corroborating absolute authenticity

RM has not published a price estimate yet on either car but I suspect they will be expensive.

I always preview the RM cars at Monterey but I may have to attend the auction this year.

Click on the images for a larger view.

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