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

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


Documentation and Transparency
Following concepts similar to the features of Garagistry the Keno Brothers have embarked on an entirely new approach. They have recognized by providing a detailed record of all available documentation, including background information, history, sales data, videos, news articles, social mentions, and other similar information about each vehicle, they are changing the way people think about recording the known history of their Classics.

About the Kenos'
Leslie Keno, Co-CEO of Keno Fine Automobile Auctions, stated 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.

The brothers have gained an international reputation for their comprehensive knowledge of historic cars, their discerning eye, and their passion for preservation. As co-authors of the chapter “Passage Through Time; The Importance of Originality…” in the book "Stewardship of Historically Important Automobiles", published by The Simeone Automotive Foundation, which won the 2013 International Historic Motoring Awards “Publication of the Year.”
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 (center above), 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.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

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.
Manage Your Collector Car Investment Like You Manage Your Other Investments
You should give thought to begin managing your Classic car investments under your care. Garagistry, available to every owner and for all classes of Classic cars, provides the platform you need to collect, organize, manage and protect the entire known history of your Collectible vehicle. 

These records, which continue to grow in importance, are the only reliable method necessary to validate the quality, condition, rarity and value of your vehicles. Further, as they are factual documents, they are not subject to opinion.

Open a complimentary Garagistry account and begin managing your Collector car investments today.

All photos courtesy of Keno Brothers' Auction

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