Monday, September 22, 2008

Small Classic Car Auction Lures Deep Pockets



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The Worldwide Group auction at the end of August wasn't technically in the city of Auburn. But the Auburn name spells special car auctions to so many, that it likely seemed the best marketing approach.

But one would never confuse the Worldwide Auburn sale in a rural setting with the Kruse International event a few miles to the north. There were far fewer cars at Worldwide, there was no swap meet and, at least on the preview day, there were no vendors of Polish sausage and elephant ears.


Worldwide sheltered its products from the late-summer sun and dust of Indiana. Some vehicles even enjoyed an air conditioned setting, where prospective buyers could review them in complete comfort.

There were a few sales in the $20,000 range on August 30. Most required deeper pockets or longer lines of credit, with a 1959 Ferrari 410 Superamerica Series III SWB the biggest sale of the weekend at $2.5 million. There were 80 cars for sale; 52 of them sold in the August 30 event.

Several other rare and desirable cars brought six figures. A few went home unsold.
 1953 Buick Super Estate Wagon sold for $99,000.
On the welcoming committee, with outside-the-tent duty on August 29, were a green 1929 Duesenberg J convertible coupe with swiveling headlamps and a 1953 Buick Super Estate Wagon clad in wood. The Buick brought $99,000 (prices include buyer's premium). The Duesenberg Derham convertible went for $742,500.

Nothing came close to the sale price of that '59 Ferrari 410 Superamerica, but there were some respectably high figures in addition to the Duesenberg Derham. A perfect, white 1911 Rolls-Royce Silver Ghost Roi-des-Belges brought $522,500, and a 1934 Packard Twelve Model 1107 seven-passenger touring car went for $495.

A 1960 Mercedes-Benz 300SL roadster sold for $545,000.

The most modest sales included a bright-blue 1929 Franklin Model 137 seven-passenger Oxford sedan, a 1932 Chevrolet Confederate standard two-door sedan and a 1954 Chevrolet 3100 Series _-ton pickup truck going for $22,000 each.

Worldwide's next auction is slated for November 1 at Hilton Head Island, South Carolina.
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