Presented by Kodner Galleries.
On November 6, 2022, Kodner Galleries, Dania Beach Florida launched its first exotic car and luxury watch auction featuring the late Barry Amstell’s automobile collection from Boca Raton as well as a collection of men’s luxury watches. Total sales for fifty-four auction lots reached $4,589,200.00 (excluding buyer’s premium) with Russ Kodner, President of Kodner Galleries on the podium as auctioneer.
This outstanding collection of twenty-four vintage cars, three motorcycles, two gas pumps and a mini-Corvette has been curated for seventeen years and kept as works of art in a custom commercial garage along with automotive memorabilia and collectibles including road signs, more gas pumps, model cars and trucks, model engines, traffic lights and more that Kodner will offer at a later auction. The auction also included twenty-four high-end men’s watches from top brands, Patek Philippe, FP Journe, Audemars Piguet, Richard Mille, Rolex and many more. The auction was featured on duPont Registry and Hemmings and received extensive local media coverage in the South Florida area.
The bidding was largely driven by phone calls from collectors and dealers who saw the cars in Boca and had pre-registered with the gallery well in advance of the Sunday afternoon auction date. In total, there were two hundred and fifty-four telephone auctions and several bidders managed to bid on several cars. A lucky bidder won three of the four old Shelby GTs, a Corvette and a Ferrari.
Batch 1, one 2005 Ford GT, red with white stripes and only 148 miles away, kicked off the auction with ten telephone bidders aggressively bidding this stunning car at a closing price of $401,500.00. Lot 6, the coveted 1963 Corvette Sting Ray with the split rear window in Riverside Red, fetched $181,500.00. Batch 8, one 1965 Ford Shelby GT350, one of four GTs up for auction, sold for $330,000.00. Batch 10, one 1992 Jaguar XJ220, the rarest car in the auction with only two hundred and seventy-five examples and still extremely modern, sold for $506,000.00. Batch 12, the 1965 Shelby AC Cobra, and the culmination of the auction, generated much interest and exuberant telephone bidding, raised $814,000.00. Surprisingly, the car that garnered the most attention and phone bidding was a 1981 DMC DeLorean “Back to the Future” replica car sold for $90,200.00 and well above the pre-auction estimate of $50,000-$70,000. (Prices shown include buyer’s premium.)
Bi-weekly Kodner Galleries auctions routinely feature jewelry and luxury watches, but since the markets for exotic cars and luxury watches overlap, it seemed natural for Kodner Galleries to combine the two for this special auction. The stars of the November 6 auction were lot 31, an FP Journe Octa Celendrier sold for $86,250.00; Lot 49 Patek Philippe Nautilus 5712/1A fetching $115,000.00; Lot 50 Richard Mille RM-11-03 hammered at $310,500.00 and Lot 51 Patek Philippe Nautilus 5980/R sold for $184,000.00 (prices include buyer’s premium).
The auction was indeed a great success for Russ Kodner and Kodner Galleries. The gallery is already in talks to represent more car collectors in future Kodner Galleries auctions. Stay tuned. For more information, please contact Kodner at [email protected] or by visiting the website at Kodner.com