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Bonham's Auction PDF Print E-mail
Written by BMWVMCA NEWS   
Friday, 26 June 2009

“Based on the success of Bonhams & Butterfields’ annual collectors’ motorcar auctions, held on the luscious lawns of the Quail Lodge Resort and Golf Club in Carmel, CA, the West Coast’s leading fine art auctioneers  partnered with Quail Lodge to hold its first vintage motorbikes sale from Carmel -- on Saturday, May 9, 2009 – held during the first annual ‘The Quail Motorcycle Gathering’, an event showcasing the finest motorcycles from the past, present and future.”  <snip from Bonham website>

I attended the Bonham's auction at the Quail Lodge in Carmel Valley last weekend and thought you guys would like to know what BMWs went for:
Lot 116 - 1987 R65, very good condition - $1500
Lot 133 - 1934 R2 single, fair condition - $7400
Lot 139 - 1959 R69 with Factory tach and Hoske tank, restored - $17,000
Lot 143 - 1961 R69S Dover White, rough condition, not running - $5,200
Lot 144 - 1967 R60 Dover White, showroom restoration - $14,500

In general, prices were about 30 percent below the house estimate range on virtually everything except for Steve McQueen's international ISDT driver's license, which had an estimate of $10K and went for $30K (!!!).

BTW - I showed the buyer of the restored Dover White how to start it - he was a 'car guy' with a '54 Ferrari and other old racers and knew nothing about bikes.

Charlie Rubin


Don't forget the stunning 1961 R60 that Tim Stafford brought, rode and won an award for. It sold for $20,000 at the auction. The Dover White R60/2 was my work.

The economy seems to have had little effect on the value of a restored Earles Fork Twin!

Jeff Moore
Corona, CA


Continuing this thread from our last issue of the News, the auction results shown above further hint that the dollar prices of our bikes are stable.

On the other hand, the value of the US Dollar is falling in relation to other world currencies, and on June 2 of this year, reached its lowest point since December of last year.

I cannot interpret this for you, nor can I predict what will happen a year from now. I can say that buying and selling today is done with cheaper dollars than were in use ten years ago.

Study the market before you buy or sell.

ED




 
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