Monterey Auto Week Charity Auction Sales Again Successful
http://www.theweeklydriver.com/articles/67/1/Monterey-Auto-Week-Charity-Auction-Sales-Again-Successful/Page1.html
By James Raia
Published on 10/11/2007
Monterey Auto Week means different things to different car enthusiasts. But perhaps its most unheralded components is the impressive charitable funds raised at events like Concours d'Elegance, Concorso Italiano and Rolex Monterey Historic Automobile Races — all on the Monterey Peninsula.
The eBay Motors-based American Concours Foundation (ACF) conducted two online auctions during the August event. The sales at the auctions raised $47,688 in charity donation, according to Phoenix-based ACF.
Monterey Auto Week means different things to different car enthusiasts. But perhaps its most unheralded component is the impressive charitable funds raised at events like Concours d'Elegance, Concorso Italiano and Rolex Monterey Historic Automobile Races — all on the Monterey Peninsula.
The eBay Motors-based American Concours Foundation (ACF) conducted two online auctions during the August event. The sales at the auctions raised $47,688 in charity donations, according to Phoenix-based ACF.
During the Friday Concorso Italiano event, several online auction cars were available for public viewing and live bidding from laptop computers. A 1966 Sunbeam Tiger sold to a buyer from Germany, resulting in a $2,331 donation by ACF to Children's Hospital of Seattle.
During Pebble Beach RetroAuto, an all-things-automobile exhibition offered in recent years by long running Pebble Beach Concours d'Elegance, additional online auction cars were on display for public viewing.
A 1931 Packard and a 1934 Packard 12, a 1953 Buick Skylark and a 1953 Allard K3 were respectively purchased by buyers in California, Arizona and Massachusetts. ACF donated proceeds from these sales totaling $45,357.00 to Pebble Beach Company Foundation.
Several live collector car auctions were held during the Monterey Car Week by renowned companies RM Auctions, Russo and Steele, Kruse International, Christie's, Bonham's and Gooding & Company, host of the Pebble Beach auction. The ACF auctions on eBay Motors offered those who did not travel to California from other states or countries a way to participate in the car week and support charity at the same time.
Founded in 2005, the American Concours Foundation is a not-for-profit organization created for the purpose of supporting charitable classic car-focused events through the sale of automobiles, motorcycles and Automobilia.
Working exclusively with tax exempt charitable organizations qualified under IRS code 501(c)(3), ACF has raised more than $300,000 through cash donations made during the sale of vehicles at numerous events. A minimum 6% buyer's premium becomes the seller's donation and is added to each vehicle auctioned.
Here's a list of the vehicles sold and their highest bid during online charity auctions held during Monterey Auto Week:
1931 Packard, $185,000; 1934 Packard 12, $312,806; 1953 Allard K3, $90,794; 1953 Buick Skylark, $212,212; 1966 Sunbeam Tiger, $41,181.