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A Classic Collection; Chandler sale sets records at $36 million.(Revs)
Byline: MARK VAUGHN
The collection of former Los Angeles Times publisher Otis Chandler evolved over the years along with the interests of the man, from classics and motorcycles to muscle cars and racing Porsches. When the celebrated publisher died earlier this year, his cars and motorcycles were mostly of the classic variety. The monetary value of that collection was set on Oct. 21, and it exceeded everyone's expectations-$36 million for 90 cars and motorcycles, showing that the collector car market is not only healthy, it might be using illegal steroids.
Nine cars sold for more than $1 million, and there were two that topped $2 million. We happened to be there when the bidding started on the 1931 Duesenberg Model J with coachwork by LeBaron. The auctioneer started the bidding at $600,000, and immediately in the audience to his left a voice cried out, "One MILLION dollars!''
Things went up from there, in increments of $100,000, until the madness stopped at $2.4 million. With auctioneer's fees, the out-the-door price was $2.64 million.
A 1904 Mercedes sold for $2.25 million, while the mere million-dollar cars included ...
- PRIVILEGED SON: Otis Chandler and the Rise and Fall of the L.A. Times...
- Magazine article from: Washington Monthly Kaufer, Scott June 1, 2001 700+ words
...honestly. They seem to flow directly from Otis Chandler, the paper's longtime publisher...cars and big-game African safaris, Otis Chandler transformed the Times from a Republican...fortunately, he doesn't confine himself to Otis Chandler, but starts the tale in 19th-century...
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- Magazine article from: Columbia Journalism Review BOYLAN, JAMES May 1, 2001 700+ words
PRIVILEGED SON: OTIS CHANDLER AND THE RISE AND FALL OF THE L...the era from 1960 to 1980 when Otis Chandler, of the fourth generation of the...books, evidently had access to Otis Chandler himself and others close to him...
- Transforming a newspaper: Otis Chandler had a huge and positive impact on the...
- Magazine article from: American Journalism Review Morton, John April 1, 2006 700+ words
...everything a newspaper should be. Otis Chandler, who died at 78 on February 27, was...that began to change in 1960, when Otis Chandler, age 32, was appointed publisher...was to everyone else. To that point Otis Chandler was known mainly as a surfing playboy...
- Otis Chandler Back Into Power; Chandler's Vintage Museum of Transportation and...
- Press release article from: Business Wire November 16, 1998 700+ words
...back. The famed L.A. Times head, Otis Chandler, is rebuilding the high performance...Vietro will turn the speedster over to Otis Chandler. Selling the ultra rare Corvette is...his muscle car collection years ago, Otis Chandler started collecting classic motorcycles...
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- Magazine article from: The Economist (US) March 4, 2006 700+ words
Otis Chandler, newspaper publisher, died on February 27th, aged 78 OWNING a newspaper is different from owning other sorts of business. The...
- Otis Chandler: a legacy for L.A. ('62).(Brief Article)
- Magazine article from: Columbia Journalism Review November 1, 2001 700+ words
As a young man in the late 1950s, Otis Chandler had all the makings of a rich man's son. As the scion...said: "The surf is up at 12:30." But the newspaper Otis Chandler so drastically improved is the newspaper we know today as...
- Chandler autos set auction record: $36 million.(Otis Chandler )(Brief article)
- Magazine article from: Automotive News October 30, 2006 700+ words
Before he died in February, newspaper publisher Otis Chandler assembled a world-class collection of rare autos...was a $21 million auction in 1990. CAPTION(S): Otis Chandler, who died in February, built a publishing empire...
- Los Angeles Times Posts Retrospective About Former Publisher Otis Chandler.
- Press release article from: PR Newswire February 27, 2006 700+ words
...distinguished career of former Los Angeles Times Publisher Otis Chandler, who died today at age 78. The collection is posted at...family to serve as publisher. In 1882, Gen. Harrison Gray Otis, Chandler's great grandfather, became publisher. Gen. Otis was...
Source: HighBeam Research, A Classic Collection; Chandler sale sets records at $36 million.(Revs)