$20 million Texan collection to go under the hammer

RM Sotheby's

Texas kitchen entrepreneur Gene Ponder is selling off his 120-strong collection of European sports cars.

Over the course of 15 years Ponder gathered an incredible number of rare original classics and recreations, but has now decided to get rid of them all in one amazing garage sale. Hosted by RM Sotheby’s at Ponder’s purpose-built facility in Marshal, Texas, the sale includes a deep-red 1967 Ferrari 330 GTC (Hagerty #1 Concours estimated value $675,000), and a 1960 Mercedes-Benz 300SL Roadster (Hagerty #1 Concours estimated value $1.75 million). Also offered is one of only 14 1935 MG PB Airline Coupes, and an exact replica of a 1936 Bugatti Atlantic, built with authentic parts in Switzerland.

Interestingly this is not the first time Ponder has had a major sale. After suffering a heart attack in 2007 he sold 60 cars with RM Sotheby’s for around $15 million, but started collecting again after he recovered.

This time it’s an everything must go deal, with more than 120 cars, motorcycles and memorabilia items up for grabs. The sale will be hosted by RM Sotheby’s from September 22-24.

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