The real star of the 1983 film “Risky Business,” as every car fan knows, isn’t Tom Cruise or Rebecca De Mornay. It is the shimmering Porsche 928. Next week, fans will have a chance to buy Mr. Cruise’s old ride at an auction just north of Los Angeles.
In the movies, nothing is what is seems, and that adage applies to the 928, of which there were four used in the movie. (Technically, there were six, if you count another model used for promotional purposes and one used for sound effects).
Continue reading Tom Cruise’s Old Ride Is on the Block
Visitors to the atrium of the IBM Building, at 56th Street and Madison Avenue, encounter a brightly colored BMW M1 painted by the artist Frank Stella in 1979. Many pause and pose for mobile phone photos, and with good reason.
The car will be on display all week in the atrium, which adjoins the offices of Bonhams auction house, to advertise its presence in a collector car auction scheduled for Aug. 18 and 19 at the Quail Lodge in Carmel, Calif., held concurrently with the Pebble Beach week of automotive events. According to the auction house, the car is being sold by the Guggenheim Museum, its current owner, to finance other acquisitions. Bonhams’ presale estimate is $450,000 to $600,000.
Continue reading BMW M1, Painted by Frank Stella, Heading to Auction
Among the richest collections of contemporary Italian super cars ever offered will hit the auction dais this month, and its biggest prize could fetch $2.5 million.
Gooding & Company will preside over the event on Jan. 21 in Scottsdale, Ariz. The 11 cars include a 2005 Maserati MC 12, a 2009 Lamborghini Gallardo and eight Ferraris, including a 2006 FXX Evoluzione: only one of 30 made and, until the 599XX dethroned it earlier this year, the fastest Ferrari to circle the brand’s test track.
Continue reading Rare Ferrari FXX Evoluzione Is Coming to Auction
Classic cars weren’t the only things damaged when storms blew down the tents at the Russo & Steele auction in Scottsdale, Ariz., in January. The president of Russo & Steele, Drew Alcazar, said his company sustained serious damage — financially and to its image — and has filed a lawsuit against the tent provider, Tri-Rentals, in an effort to recoup at least the financial portion of those losses.
In the suit, filed in Arizona Superior Court, Russo & Steele said that after 10 years in business, it was “on the verge of becoming much larger, and on the verge of entering new markets, new venues that would greatly enhance its visibility and market share.”
Continue reading Russo & Steele Sues Tent Company
No superlatives will be used to describe the condition of the 1964 Aston Martin DB5 that will be offered at Bonham’s Monaco auction on Friday. In fact, Bonhams will dutifully point out that the automobile’s paint is chipped and faded, the metal is rusted, the leather seats are ripped and cracked, and the filthy, corroded engine hasn’t been started in two decades. Yet, this rusting hulk is expected to bring as much as $266,000.
That’s because only 983 examples of the classic James Bond Aston were ever made. More important to some collectors: it’s a genuine barn find, an original automobile that can be restored to the specifications of the owner.
Continue reading Rusty Aston Could Fetch More Than $250,000 at Auction