More 보다 $36 million, together it turns out. At least, it is what bidders hailing from as much away together Europe and Asia jointly agreed to pay Saturday for the so late Los Angeles time publisher’s collection at an Oxnard auction.
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For the record:
12:00 a.m. Oct. 26, 2006 for The document Los Angeles times Thursday October 26, 2006 home Edition main News part A page 2 National workdesk 1 inches; 38 words form of Material: convey Chandler auction: An post in Sunday’s California ar reported the 80 motorcycles and also 90 automobiles owned by the so late Otis Chandler to be up because that sale at an auction Saturday. The exactly numbers to be 42 motorcycles and also 48 automobiles.
“This is just one of those great moments” for car collecting enthusiasts, said Larry Crane, the thousands Oaks-based editor the Auto Aficionado magazine. “Otis didn’t collection just an excellent cars; he built up the great cars.
“It’s not a huge collection,” Crane said, “but it might be the most essential collection for sale in a long time, and perhaps for a long time to come.”
Saturday’s auction featured 80 motorcycles and 90 automobiles covering a century of history, consisting of a 1904 Mercedes 40/45 sports Touring car, which sold for $2.4 million, and also a 1931 Duesenberg J distinct Phaeton, which fetched the height price, $2.6 million. Many are very rare: Chandler’s 1933 Packard 1006 Twelve sports Phaeton, because that instance, is among only 3 in the world, claimed David Gooding, president and also founder the Gooding & Co., the auction manager.
Word the the sale triggered global attention. The company allowed part bidders to monitor the auction by telephone, and screens collection up in the cavernous museum marked bid prices not only in dollars, but likewise in brother pounds, euros, Swiss francs and also Japanese yen, according to firm spokesman Fred Hammond.
The auction broke the record for a single collection revenue on a solitary day, the said. The previous record was a 1990 auction, i m sorry earned $21 million.
Nine cars indigenous Saturday’s auction sold for much more than $1 million each, and two marketed for much more than $2 million each.
The first edition the Chandler’s legend collection began in 1968, as soon as he purchase a 1931 Duesenberg because that $35,000. Several years after marketing that collection of Cadillacs, Ferraris, Packards, Porsches and others to fulfill the financial terms of a divorce settlement, he began anew with an additional 1931 Duesenberg, buying it for $1.2 million.
By 1990, Chandler had placed his collection in his Vintage Museum the Transportation and Wildlife in Oxnard, the 45,000-square-foot structure where the auction to be held. He later lent few of his motorcycles to the Guggenheim Museum, which opened up its “Art the the Motorcycle” exhibit in 1998.
Chandler, publisher that The times from 1960 to 1980, is credited with transforming the once-parochial newspaper right into one of the nation’s best. He passed away in February at 78.
Times employee writer Erika Hayasaki contributed to this report.
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Rong-Gong Lin II
Rong-Gong Lin II is a subway reporter based in san Francisco that specializes in covering statewide earthquake security issues and the COVID-19 pandemic. The bay Area indigenous is a graduate the UC Berkeley and started in ~ the Los Angeles time in 2004.
because that the record:
12:00 a.m. Oct. 26, 2006: because that The record Los Angeles time Thursday October 26, 2006 residence Edition main News part A web page 2 National workdesk 1 inches; 38 words form of Material: convey Chandler auction: An article in Sunday’s California ar reported that 80 motorcycles and also 90 automobiles owned by the so late Otis Chandler to be up because that sale at an auction Saturday. The exactly numbers to be 42 motorcycles and also 48 automobiles.