Keno Brothers 'Rolling Sculpture' Inaugural Auction Brings $8.3m

All-New Salon Experience Provides Transparent Approach to Fine Automobile Auctions

- 1968 Bizzarrini Strada 5300 selling for $1,010,800 (including buyer's premium) and marking a North American record for a Bizzarini Strada 5300 at auction in the U.S.

- 1999 Lamborghini Diablo GT, selling for $616,000 (including BP) -- one of just 80 produced and one of six in the U.S., marking a world record at auction

- 1929 Bugatti T40, competed in the Algerian Sahara Rally in 1930, sold at $464,800 (including BP) marking a world record at auction for a Bugatti T40

- Next Keno Brothers Fine Automobile Auction to Headline June's Elegance at Hershey for 2016

23 Nov, 2015, 16:26 ET from Keno Brothers Fine Automobile Auctions

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- When Keno Brothers Fine Automobile Auctions created its 'Rolling Sculpture' debut exhibit for its NYC auction last week, they brought in a team of world renowned experts. This served to validate the authenticity and transparency associated with the Keno Brothers name and its collection of 40 vehicle offerings – reinforcing the brand's credibility as the Keno Brothers themselves segue from arts and furniture to fine automobiles -- while achieving more than $8.3m (including buyer's premium) in auction and post-auction private sales for the inaugural event, as guests enjoyed the museum-like ambiance and luxurious environment.

According to Keith Martin, publisher of the venerable Sports Car Market, the entire evening at the Skylight in Clarkson Square Soho was first-rate from start to finish. Martin noted the many influential members of the collector car community present, including past winners of the prestigious Pebble Beach Concours d'Elegance, along with serious collectors from France, Germany, England and other countries.

"The Keno Brothers have shown serious intent to be players in a competitive market – with every indication that their artistic and elegant style will precede each upcoming new opportunity," said Martin.

Amidst a very full house with a 'gallery' emphasis, Keno Brothers Fine Automobile Auctions sought to break new ground in how an auction is presented -- utilizing a rich multi-media experience to tap the imagination of the packed house with roughly 1,500 attendees -- creating a first impression for the Keno brand that was defined by an elegant salon setting and the courage to explore new methodologies.  View a selection of photos at https://www.dropbox.com/sh/wnkb3nzlopt06dg/AACd3nUgqPIHOHmgt9r0bRoYa?dl=0.

Preliminary Results can be found at www.kenobrothers.com.

 

'Rolling Sculpture' Top 10 Results






Lot #


Description


Total

108


1968 Bizzarrini Strada 5300


$1,010,800.00

100


1969 Lamborghini Miura P400 S


$974,400.00

105


1965 Aston Martin DB5


$950,000.00

121


1968 Toyota 2000GT


$683,200.00

139


1999 Lamborghini Diablo GT


$616,000.00

122


1983 Porsche / March 83G-4 IMSA Racecar 'Kreepy Krawly'


$509,600.00

110


2013 Lamborghini Aventador 50th Anniversary


$504,000.00

133


1929 Bugatti T40


$464,800.00

123


1997 Porsche Turbo 993 S Coupe


$442,400.00

114


1961 Jaguar E Type Roadster Outside Bonnet Latch


$380,800.00










Leslie Keno, Co-CEO of Keno Fine Automobile Auctions, stated that the intrinsic value of each lot was amplified due to the amount of research conducted and provided transparently -- an area in which he and his identical twin brother take great pride.  "We've assembled a world-class team of specialists for each marque, including well-known historians, to provide the provenance of each car with as much clarity as possible," said Leslie.   During the viewing period several of these top experts were on hand as 'Keno Consultants' to meet and educate bidders, offering historical context on a personal level.

Not only was Valentino Balboni, legendary Lamborghini test driver, available to speak to potential bidders and guests on specific offered vehicle history and condition, but the Brothers also worked closely with Ferrari Preservationist Enrique Senior of the Senega Museum Collection, in gathering new historic reports from Marcel Massini, renowned expert on Ferrari history and Ferrari restoration. 

Co-CEO Leigh Keno added that "the company's transparency remains by providing all original authenticating reports for each vehicle to potential and winning bidders at the point of sale, with ongoing information to be delivered to the buyer as new reports emerge" – a trait they intend to maintain in all future auctions – the first of which will mark Keno Fine Automobile Auctions as the official auction house at the Elegance of Hershey in June 2016.

Additional success for the debut auction can be attributed to the Keno Brothers' partnership with Proxibid, which provided a high level of technology support and live online bidding prior to and throughout the auction.  More than $800,000 was attained through online sales during this event.  Nearly 250 buyers from North America and as far away as Germany, Australia, the United Arab Emirates, and several other disparate locations, participated in the live auction webcast.  Several lots received attention from online buyers, including a 1972 Ferrari 365 GTC/4, which sold to an online winning bidder located in Switzerland, further illustrating the power and reach of the Proxibid Marketplace.

Proxibid, the most trusted online Marketplace for buying and selling highly valued items, features the industry's most comprehensive risk management system―a sophisticated hybrid of proprietary technology and third-party partnerships managed by an in-house team of experts―designed specifically to facilitate high dollar transactions like collector cars, giving assurance that purchases are secure. This level of security, in conjunction with Keno Brothers' proprietary catalog software, which provides background information, history, sales data, videos, news articles, social mentions, and other helpful information about each vehicle, ensures buyers have a heightened level of confidence when purchasing online.

About Keno Brothers Fine Automobile Auctions
Keno Brothers Fine Automobile Auctions (www.kenobrothers.com ) is a new venture focused on exceptional collector cars, founded by famed auctioneers and appraisers Leigh and Leslie Keno along with Technology and Digital Lead, COO Bradley Farrell. The Keno brothers have been immersed in the world of classic cars from a very young age and have a passion for discovering unexpected rarities. They enjoy racing and rallying historic cars and have served as judges at prestigious auto events, including Amelia Island and a decade of service at the Pebble Beach Concours d'Elegance. The company is dedicated to offering a unique online buying and selling experience, with the highest level of security and transparency throughout the purchasing process.

About Proxibid
Proxibid provides auction companies and asset owners with access to the most trusted online Marketplace for buying and selling highly valued items. More than $3 billion in inventory passes through Proxibid's Marketplace annually via live and timed auctions, as well as Buy Now and Make Offer capabilities, across 15 categories that include heavy equipment; industrial machinery; real estate; fine art, antiques and collectibles, and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in South Sioux City, NE and London.  For more information about Proxibid, please visit www.proxibid.com.

Media Contacts:
Deb Pollack | deb@kenobrothers.com | 805.320.9248
Jeff Ehoodin | jeff@kenobrothers.com | 201-906-7818
Dana Kaufman | dana.kaufman@proxibid.com | 402.505.7776

Photo - http://photos.prnewswire.com/prnh/20151123/290315
Photo - http://photos.prnewswire.com/prnh/20151123/290316 
Photo - http://photos.prnewswire.com/prnh/20151123/290317

 

SOURCE Keno Brothers Fine Automobile Auctions



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