STORY UPDATE: Live-ish from the 2014 RM Arizona Auction in Phoenix – “Victoria” a 1990 Gar Wood 33′ Baby Gar re-creation hammers for $150,000.00 plus fees. The Turcotte Brothers built boat was presented on Thursday evening, and the auction was streamed live on the RM Auctions website. It’s great to see a wooden boat offered at a high-end classic car auction like RM Arizona.
We received an e-mail from Dave Bortner live from the auction floor in Phoenix. He said there was a lot of interest in the boat and two or three serious bidders… Bidding started at $100,000.00 and quickly rose in $10,000.00 increments, before it hammered for $150,000.00 plus fees. Also, the 1972 Ferrari Dino 246 GTS (shown below) hammered for $320,000.00 plus fees. – Texx
Victoria Set To Cross The Block In Arizona
Original story from Saturday, January 11th, 2014
In the collector car world, mid January marks an important time of year, as folks gather from around the world for Arizona Auction Week. Many of the countries largest auction houses such as RM Auctions, Gooding & Company, Barrett-Jackson and Bonhams will once again set up shop in the Phoenix & Scottsdale area to sell millions of dollars worth of classic cars next week.
Over the last few years Dave Bortner from Freedom Boat Service has been testing the waters by presenting classic wooden boats at selected RM Auction events in Arizona, Florida and Pennsylvania – and the results have been impressive. (You can click on the highlighted states to see the auction results / story in the Woody Boater archive – Texx)
This year, Dave is presenting “Victoria” at the RM Arizona auction – A 1990 Gar Wood 33′ Baby Gar re-creation built by the Turcotte Brothers at GarWood Custom Boats in Brant Lake, NY.
Here’s the detailed description of “Victoria” from the RM Auctions digital catalog. – Texx
RM Auctions is excited to kick off its 2014 calendar of events with our return to Arizona for a two-day sale from January 16–17, 2014. The Arizona auction week is widely regarded as a barometer for the new collector car season, with last year’s Arizona sale achieving more than a 42% increase in sales, representing an all-time high for RM Auctions.
1990 Gar Wood 33′ Baby Gar “Victoria”
To be auctioned on Thursday, January 16, 2014.
Auction estimate $175,000 – $225,000
Hull no. GAR33060C495
425 hp, Marine Power 502 cu. in. V-8 engine. Length: 33 ft.
•Beautiful recreation of the vaunted Baby Gar
•One of the most desirable boats of its day
•Vintage boating experience with modern conveniences
Garfield Arthur Wood was one of the first “rock-star” industrialists in America. After inventing and carefully patenting the hydraulic mechanism for dump trucks, Gar Wood Industries became a successful enterprise. World War I increased demand for the hydraulic devices, as army trucks that were building and repairing roads under enemy fire needed to deposit their loads quickly and get out of harm’s way.
Since Gar Wood Industries was very familiar with the process of selling their products to the government, they also had an inside track on buying from the government. After World War I, Gar Wood bought 4,500 surplus Liberty V-12 engines from various manufacturers, and he formed the Detroit Marine-Aero Engine Company to convert them to marine use. The availability of these engines prompted Wood to begin building 33-foot Baby Gar runabouts for the wealthy few who could afford a boat that cost three times the average three-bedroom home in America.
From the rather unplanned beginning, Gar Wood Inc., which became the boatbuilding division of Gar Wood Industries in 1937, had a major impact on pleasure boating in America, and it was supported through the Depression by the considerable financial wherewithal of the company. The boatbuilding division was driven by Gar Wood’s passion, not profits. As soon as he retired in 1945, at the age of 65, the directors of the company voted to discontinue building boats.
It must not be overlooked that Gar Wood boats were some of the best engineered, best built, and most beautiful ever produced. Boatbuilding was a personal passion for Gar Wood, and his other endeavors allowed him the financial freedom to build in the quality and attention to detail for which he was known.
The first “production” boats built by Gar Wood were the 33-foot Baby Gar runabouts, and from 1922 to 1929, a total of 67 of these Baby Gar hulls were built. The first 22 hulls were constructed by the Smith family of Chris-Craft fame, who had been Gar Wood’s original race-boat building partners. The subsequent 45 hulls were built by Gar Wood’s own company.
This example was built in 1990 by the Turcotte Brothers, who hold the Gar Wood trademarks and are the only builder authorized to brand their boats as Gar Wood. This 33-foot Baby Gar was built using modern cold-molded epoxy construction that encapsulated the mahogany and provided a light-weight, strong, low-maintenance hull. It is powered by a Chevrolet-based, big block marinized V-8 with a reduction transmission. This powerplant provides plenty of speed, while also maintaining the original handling characteristics of a 1920s-era boat with a large propeller at relatively low rpms.
Modern amenities have been built into the Gar Wood, including a hidden stereo and a bow thruster, for ease of dockside handling. Also included with the sale is the custom-built triple-axle trailer that the Baby Gar is presented on.
Modern construction and vintage design: what could be better?
RM Auctions continues to be one of the top classic car auction companies in the country. The RM Auctions and Sotheby’s Art of the Automobile sale was held November 21, 2013 in New York City, resulting in $62,797,500 of sales and a 93 percent sell-through rate – with only 31 hand-picked automobiles, two motorcycles and seven pieces of artwork.
The top result at the RM Auctions New York City sale went to a 1964 Ferrari 250 LM that sold for $14,300,000, a new world record for the model at auction.
I know this is a classic boating website, but I just want to share one of the many classic car lots which will featured at this years RM Arizona auction. Once considered my many to be the black sheep of Ferrari sports cars, today these wonderful Ferrari Dino’s are gaining in popularity with collectors, with values increasing significantly over the last few years.
1972 Ferrari Dino 246 GTS
Auction estimate $350,000 – $450,000
175 bhp, 2,419 cc four overhead-camshaft V-6 engine with triple Weber 40DCNF/7 carburetors, five-speed manual transaxle, four-wheel independent suspension, and four-wheel disc brakes. Wheelbase: 92.1 in.
•Finished in vivid Giallo Fly over black leather
•Only two owners from new
•Recipient of a recent and thorough servicing restoration
Today, it could be argued that Enzo Ferrari’s son, Alfredo “Dino” Ferrari, was as forward-looking as his father. Recognizing the potential for small displacement, high-technology six-cylinder engines, his vision is more relevant today than ever before.
This 1972 Ferrari Dino 246 GTS has been a California car since new, and it has passed through just two owners in its 41-year history. It is a high-specification example that was originally delivered with both air conditioning and power windows. Although it lived a sheltered and pampered life on the West Coast, this Dino Spider has recently been brought up to a high standard, thanks to a recent engine-out restoration.
To learn more about the RM Arizona auction, to view the entire list of lots or to stream the auction live from Arizona, you can visit the RM Auctions website by Clicking Here.