Huge collection of 120 vintage European sports cars – Ferrari, Mercedes and MG – heading to auction (photos)

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A one-of-a-kind collection of more than 120 single-owner vintage European sports cars — including first-class recreations of some of the world’s most exclusive models — is expected to fetch up to $20 million at an auction in September amid a burgeoning auto market. high-end.

key facts

The collection was built over 15 years by Gene Ponder, a Texas native who founded two kitchen cabinet companies, who said Forbes That old European sports cars were his “true love”.

Vehicles for sale include the rare 1967 Ferrari 330 GTC with the original engine, the 1935 MG PB Airline Coupe – one of only 14 models from the time period built – and the 1960 Mercedes-Benz 300SL Roadster, which often entered Ponder at auto shows and other events.

Ponder sells high-quality replicas of very rare models not available for purchase that he said are often idle in museums, such as his favorite car, a recreation of a 1936 Bugatti Atlantic (only three models from that time period are believed to exist, and he owns Designer Ralph Lauren is one of them.

He said meditating Forbes The Bugatti Atlantic replica is one of two copies built with original parts in a Swiss factory, and comedian Jay Leno was told the other model was owned by him.

The Ponder Collection Auction—which also includes vintage car memorabilia and a selection of motorcycles—will take place from September 22 to September 24 at Ponder’s private built facility in Marshall, Texas.

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RM Sotheby’s Thatcher Kist said Forbes The classic car market is “remarkably up”, which he attributes in part to the return of in-person auctions after a pause during the coronavirus pandemic. “I don’t know if people just getting out of their homes to see cars in person and buy them is exciting, but since then, every auction we’ve done and sell has increased in value by price,” Keast said. Forbes. Last week, RM Sotheby’s announced that an original 1955 300 SLR Uhlenhaut Coupé – one of only two – had been sold at a secret personal auction in Germany for $142 million, setting a record for the most expensive car ever sold.

Amazing fact

It is the second time that Ponder has auctioned off his entire collection. The auction house said that in 2007, after a major heart attack, Bonder sold a batch of 60 cars with RM Sotheby and fetched about $15 million. He said meditating Forbes There’s “really not much difference” between the cars in his first and second group, aside from the sheer size of the two. Tell Forbes He decided to sell his second collection after the death of his wife several months ago and his son four years ago. “It doesn’t matter to me anymore,” he said of the cars, but added that he hoped buyers would appreciate his “love and appreciation for the beauty of cars.”

critical quote

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

in-depth reading

“Mona Lisa Motors” – 1955 Mercedes-Benz 300 SLR Coupe – sold for a record $142 million (Forbes)

In Pictures: Hugh Grant’s first Aston Martin Vanquish is up for sale (Forbes)

Lincoln Continental Rita Hayworth Vintage 1941 up for auction (Forbes)

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