Today RM Auctions kicked off the 2013 auction season, with its annual sale at the prestigious Arizona Biltmore Resort & Spa in Phoenix. Although the RM sale is best known for offering a magnificent roster of investment-quality automobiles, today’s sale also catered to antique boating enthusiasts, lifting the gavel on a rare 1937 Gar Wood 25’ Triple Cockpit Runabout offered by Dave Bortner at Freedom Boat Service in Mound, Minnesota.
The beautiful Gar Wood sells at auction for 280,000.00.
Once again a classic Gar Wood boat comes through to bring solid pricing in today’s challenging market. The bidding started at 150K / 170K and immediately shot up to 250K, eventually ending at 280K plus hammer fees. The presentation by RM Auctions both in the on-line catalogue and on site was exceptional. Nice work RM Auctions and congratulations to Dave Bortner and the crew at Freedom Boat Service! – Texx
RM Arizona catalogue notes – Widely considered the best engineered, best built and most beautiful boats ever produced, Gar Woods remain among the most sought after classic boats in existence and this 25′ Gar Wood “Triple Time” is certainly no exception. Extraordinarily rare, it is one of just nine 25’ runabouts built in 1937 and one of only three equipped with the largest engine option, the Scripps V-12. Only one other 1937 25’ runabout is known to exist, elevating this example’s importance in collector circles.
Luxuriously appointed and capable of comfortably seating eight to ten passengers in its three cockpits, this example has been impeccably restored from stem to stern, including the Scripps V-12 engine and features the correct, original pattern and color leather upholstery. – RM Auctions
Also, this rare 1967 Shelby 427 ‘Semi-Competition’ Cobra (Lot 122) hammered away for 1,825,000.00 a few minutes ago. Wow!
Lot 164 – A 1960 Ferrari 250 GT SWB Berlinetta ‘Competizione’ by Carrozzeria Scaglietti just sold for 7,400,000.00! A record price for a short wheel base 250 Berlinetta.
Lot 157 – 1992 Jaguar XJ220 sold for 220,000.00 including buyers premium.
Pre-Auction Estimate: $175,000-$225,000 US
542 hp, 3,498 cc 24-valve twin-turbocharged TWR V-6 engine, five-speed manual transmission, front and rear independent wishbone and coil spring suspension, and four-wheel disc brakes. Wheelbase: 103.9 in.
• Legendary Jaguar supercar; one of only 281 produced
• Recent, comprehensive service, including new clutch, slave cylinder, and timing belts
• Less than 2,000 miles from new; U.S. EPA/DOT certified
The mid-engine XJ220 concept was first shown as a non-running prototype at England’s Birmingham Motor Show in 1988. The car began life as a cost-no-object one-off by Jaguar’s engineers, and it later became a limited production machine by Tom Walkinshaw’s Jaguarsport racing operation. The prototype, which featured a detuned version of the TWR 48-valve Jaguar racing V-12 with all-wheel drive, was deemed too large, and the project was recast with a fuel-injected, four-cam, 24-valve, twin-turbocharged V-6 producing 542 horsepower. It attracted a lot of attention, and reportedly, Jaguar received 1,200 deposits for an anticipated production run of just 350 cars.