Mega Collection of 120 European Vintage Sports Cars – Ferraris, Mercedes and MGs – Auctioned (Photos)

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A one-of-a-kind collection of more than 120 vintage European sports cars from a single owner – including premium replicas of some of the world’s most exclusive models – is expected to fetch up to $20 million at auction in September in a booming market for high-end cars .

Important facts

The collection was built over 15 years by Gene Ponder, a Texan who founded and narrated two kitchen cabinet companies forbes that old European sports cars were his “true love”.

Cars for sale include a rare deep red 1967 Ferrari 330 GTC with the original engine, a 1935 MG PB Airline Coupe – one of only 14 models ever built from the period – and a 1960 Mercedes-Benz 300SL Roadster, which Ponder often sells used at car shows and other events.

Ponder sells high-end replicas of ultra-rare models that aren’t available for sale, which he said often sit around in museums, like his favorite car, a replica 1936 Bugatti Atlantic (only three models from that era are probably exists, and designer Ralph Lauren owns one).

thought tells forbes his replica Bugatti Atlantic is one of two examples built with authentic parts at a Swiss factory and said he was told comedian Jay Leno owned the other model.

The auction of Ponder’s collection – which also includes vintage memorabilia and a selection of motorcycles – will be held September 22-24 at Ponder’s purpose-built facility in Marshall, Texas.

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That said RM Sotheby’s specialist Thatcher Keast forbes The classic car market “is clearly picking up steam,” which he attributes in part to the return of in-person auctions after a hiatus during the coronavirus pandemic outbreak. “I don’t know if it was just the excitement of people coming out of their house to see and buy cars in person again, but since then every auction we’ve had has increased in value and sale rate,” he said Keast forbes. Last week, RM Sotheby’s announced that an original 1955 300 SLR Uhlenhaut Coupe – one of only two in existence – sold for $142 million at a secret in-person auction in Germany, setting a record for the most expensive car ever sold.

Surprising fact

It is the second time that Ponder is auctioning off its entire collection. In 2007, after suffering a massive heart attack, Ponder sold a collection of 60 cars, also at RM Sotheby’s, for around $15 million, the auction house said. thought told forbes there is “not really much difference” between the cars in his first and second collections, apart from the sheer size of the two. He said forbes He decided to sell his second collection after the death of his wife a few months ago and his son four years ago. “They’re just not that important to me anymore,” he said of the cars, but added he hoped buyers would appreciate his “love and appreciation for the beauty of the cars.”

Crucial quote

“Some people have a Rembrandt hanging on the wall or a Chagall. To me, these cars are works of art,” said Ponder forbes.

Further reading

The “Mona Lisa of Cars” – Mercedes-Benz 300 SLR Coupé from 1955 – achieves record sales of 142 million US dollars (forbes)

In Photos: Aston Martin Vanquish, first owned by Hugh Grant, is for sale (forbes)

Rita Hayworth’s Vintage 1941 Lincoln Continental Up for Auction (forbes)

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