A 1954 Pegaso Z-102 fails to sell at Amelia Island

Earlier this week we reported that a one-off Spanish supercar, a Pegaso Z-102 Series II cabriolet by Saoutchik, was to go to auction at the RM Auctions sale at Amelia Island today, Saturday 9th March 2013.

Continue the thread

Two stories to keep beside you

Pining for a Pegaso
From the same Steeple territory

Pining for a Pegaso

A rare Spanish made supercar heads to auction at Amelia Island Spain is not a country that one naturally associates with supercars but between 1951 and 1958, Pegaso, a company known for producing buses, trucks and tractors, manufactured approximately 84 state-of-the-art sports cars. One of these rarities, a one-off 1954 Z-102 Series II cabriolet […]

Having it all – 9 and 15 Little Ram Island Drive, Shelter Island, New York, NY 11964, United States of America
From the same Steeple territory

Having it all

Shelter Island residence complete with its own nightclub, squash court and swimming pool fails to sell in two years despite price cut of £2.6 million to £15.7 million

The RM Auctions catalogue entry for the 1954 Pegaso
The RM Auctions catalogue entry for the 1954 Pegaso
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This beautiful car had a guide price of $1,250,000 to $1,750,000 and received much media attention in the run-up to the sale.

Bidding commenced at $400,000
Bidding commenced at $400,000
... but failed to pass $700,000 and the car was withdrawn
… but failed to pass $700,000 and the car was withdrawn
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Extraordinarily, this afternoon, though, no bidder went for the Pegaso. The auctioneer commenced the sale at just $400,000 (£268,000) but after struggling to reach $700,000 (£469,000), the car was withdrawn.

Given how many of our readers contacted us about this extraordinary car, we shall monitor what happens next carefully. This, we are sure, is not the end of this story, but just the beginning.

Read our original feature on the Pegaso at: http://thesteepletimes.com/opulence-splendour/pining-for-a-pegaso/