Tag Archives: Mecum Auctions

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Ferrari Prices Go Supersonic as Phil Bachman Collection Shatters Records

The market for modern Ferraris has officially lost its mind—and it did so loudly this past weekend.

When the late Phil Bachman’s Ferrari collection crossed the Mecum Auctions block, it didn’t just perform well; it detonated expectations. Records that once felt aspirational were obliterated, replaced by numbers that would have sounded like typos even two years ago. The headline-grabber was a Ferrari Enzo finished in Giallo Modena that sold for an astonishing $17.875 million, nearly tripling the previous Enzo record of just over $6 million set in 2023. If there was any lingering doubt that the collector-car boom has entered a new phase, this sale erased it.

Yes, all Enzos are special—Ferrari built just 400 between 2002 and 2004—but Bachman’s example checks just about every box collectors obsess over. For starters, it’s barely been driven, showing only 649 miles. It’s also one of 127 U.S.-market cars and one of only 36 finished in Giallo Modena, a color that looks like it was mixed specifically to stop traffic and drain bank accounts. Add in a history of concours awards and you’re already deep into unicorn territory.

But what really separates this Enzo from the rest is the factory customization. Ferrari rarely strayed far from conservative interior specs on Enzos, yet this one left Maranello with a bold two-tone Rosso-and-Giallo interior. It’s dramatic, unmistakable, and about as subtle as a V-12 at redline. In a world where collectors pay dearly for originality, this car’s bespoke spec somehow makes it even more desirable.

The Enzo wasn’t a one-hit wonder. Bachman’s Ferrari 288 GTO sold for $8.525 million, nearly doubling the previous record for the model and reinforcing its position as the thinking collector’s Ferrari. An ultra-low-mileage F40 with just 458 miles on the odometer brought $6.6 million, while a red F50 surged to $12.21 million, yet another record. Taken together, Ferrari’s holy trinity of analog supercars just rewrote its own price guide in a single afternoon.

Modern halo cars weren’t immune to the frenzy, either. A LaFerrari Coupe sold for $6.71 million, while the open-top LaFerrari Aperta rocketed to $11 million, underscoring how scarcity—and a removable roof—still move markets. Elsewhere, a 599 GTO stunned observers at $3.96 million, a figure that would have sounded implausible not long ago. Even relatively recent specials got their moment: a 430 Scuderia Spider 16M reached $1.98 million, and a 360 Challenge Stradale cleared $1.155 million.

With numbers this large, speculation was inevitable. Mecum Auctions noted that proceeds from the sale would benefit The Phil and Martha Bachman Foundation, prompting some to wonder whether charitable giving helped inflate the results—particularly the Enzo’s eye-watering final price. But the reality appears far more straightforward.

According to reports circulating online, including a post on Reddit, Dana Mecum purchased the entire Bachman collection from the family last year, with a portion of that transaction allocated to the foundation at that time. If that’s accurate, any tax benefits would have applied to Mecum, not the buyers. The auction itself was a standard commercial sale. Despite the foundation’s name appearing in the narrative, bidders weren’t donating to charity—they were buying cars from Mecum Auctions, plain and simple.

Which makes the results even more telling. This wasn’t generosity driving prices; it was demand. Deep-pocketed collectors are clearly recalibrating what the very best Ferraris are worth, and they’re doing it in real time, paddle in hand. The Bachman collection didn’t just set records—it reset the conversation.

If this weekend proved anything, it’s that Ferrari’s most significant road cars have crossed into a new financial stratosphere. The only question now is whether these numbers represent a peak—or just another waypoint on the climb.

Source: Mecum Auctions

Auctions

Custom 1955 Ford “Beatnik Bubbletop” Set to Cross the Auction Block

In a world where modern cars often blur together in shades of gray and practicality, the Beatnik Bubbletop is a brazen reminder that automotive design can still be wild, wonderful, and a little weird. Built from the bones of a 1955 Ford, this custom creation is anything but conventional—and nearly a decade after its last auction appearance, it’s once again ready to turn heads as it heads to the Mecum Auctions block this September.

Originally the brainchild of renowned custom car builder Gary Fioto, the Beatnik Bubbletop took over four years to complete. The project was no mere restomod—it was a full-blown reinvention. Fioto chopped the roof off a ’55 Ford and mounted the body on the chassis of a 1988 Lincoln Town Car. From there, things only got more radical.

Up front, a bumper from a 1959 Cadillac makes a bold first impression, while the rear is capped with a 1958 Caddy bumper and striking finned taillights sourced from a 1960 Chrysler. All the bodywork in between was handcrafted in steel, painstakingly joined with oxy-acetylene welding to achieve a sculptural, seamless flow. It’s a design that feels more at home in a Jetsons cartoon or a mid-century sci-fi dream than on any city street.

But the most striking feature—and the reason for its name—is the clear Lexan bubble roof, giving the car a full-blown space-age silhouette. The oversized dome isn’t just a design flourish; it defines the car’s entire persona. It’s audacious, theatrical, and undeniably unique.

Inside, the show continues. The cockpit is as bespoke as the bodywork, featuring a yoke-style steering wheel, custom dashboard, and sleek, color-matched air vents that extend into the rear. Pearl White upholstery shimmers beneath the light pouring in from the transparent canopy, while a Vintage Air HVAC system and Alpine screen add a modern touch to this retro-futuristic fantasy.

The Beatnik Bubbletop isn’t just a novelty—it’s a decorated showpiece. It cleaned up on the custom car circuit in the mid-2000s, taking top honors at events like Daryl Starbird’s National Rod and Custom Car Show, where it earned a $20,000 grand prize in 2006. It later joined the eclectic collection of the late Larry Klairmont, a well-known Chicago collector who passed away in 2021.

Back in July 2015, the car fetched $165,000 at an RM Sotheby’s auction. Now, ten years later, collectors and custom enthusiasts alike will be watching closely to see if its value—and its legend—have grown with time.

Whether you love it, loathe it, or simply marvel at its existence, one thing is certain: the Beatnik Bubbletop wasn’t built to blend in. It’s an automotive statement piece, a rolling work of art that revels in excess and eccentricity. As it heads back to the auction stage, the question isn’t whether it will attract attention—it’s whether anyone will be bold enough to take it home.

Source: Mecum Auctions