It was an unbelievable weekend in Milan for RM Sotheby’s, with unprecedented crowds and outstanding prices achieved for all of the lots on offer, with the majority selling over high estimate. The enthusiasm, passion, and excitement for collector cars at every price point made for a thrilling event with constant bidding battles.
The final North American auction on RM Sotheby’s 2016 calendar wrapped up on the night of 7 October, bringing yet another phenomenal result and affirming the strength of the collector car market. The 10th annual event in Hershey saw 90% of all lots sold for a total of $11.58 million. The star of the show was the 1930 Duesenberg Model J Dual-Cowl Phaeton, which brought $2,090,000 after 54 years in single-family ownership. The garage-find Porsche 356 Speedster surprised the gathered crowds at $341,000, which was well above pre-sale estimate.
RM Sotheby's London sale achieved record-breaking results at Battersea Park, highlighted by a fantastic collection of low-mileage Porsches, many of which sold at over high-estimate. It was a spectacular evening with friends and clients, and they would like to thank everyone who joined them from the four corners of the globe!
Following the success in Monterey, London's results confirm a strong and stable market as they head into their fall sales. RM Sotheby's looks forward to welcoming everyone to Hershey, Pennsylvania, in early October for their annual sale at the Hershey Lodge. Please visit rmsothebys.com for lots on offer for the Hershey sale and to view the full London results.
The 2016 Monterey auction was yet another resounding success! With 82 percent of lots sold and $117.9 million in total sales, RM Sotheby’s has again proven itself as the market leader in collector car auctions. Leading the pack was the 1955 Jaguar D-Type, winner of the 1956 24 Hours of Le Mans, which brought in a total of $21,780,000, an auction record for a British automobile. Undoubtedly the most important American road car ever, Shelby Cobra ‘CSX 2000’ also brought home record-breaking results, with a total price of $13,750,000, creating a new auction record for an American car. A coveted model, the elegant 1939 Alfa Romeo 8C 2900B Lungo Spider glided to a record price of $19,800,000 (the most valuable pre-war automobile ever sold at auction), and the 1967 Ferrari 330 GT 2+2 Series II blew away its pre-sale estimate with a final price of $737,000. Check out the video here for more from RM Sotheby’s Monterey auction.
RM Sotheby’s, the official auction house of the Concours d’Elegance of America at St. John’s, celebrated another fantastic Motor City sale, achieving $6.4 million in sales with 80 percent of all lots sold. In keeping with past tradition, American Classics were the toast of the sale, led by the 1929 Duesenberg Model J ‘Disappearing Top’ Convertible Coupe by Murphy, which exceeded expectations at a strong $1,540,000. Reflecting the broad spectrum of American automotive design, a 2006 Saleen S7—America’s ultimate Supercar—claimed the second highest sale, passing on to its third owner for a final $632,500. Click here for more results from RM Sotheby’s Motor City auction.
While classic competition cars roared around the principality for the Monaco Historic Grand Prix, the RM Sotheby’s team gathered at Le Sporting Monte-Carlo for the biennial Monaco event. The day kicked off with the Quattroruote auction in the morning, an event which saw the sale of numerous European classics, including the highlight 1939 Bugatti Type 57 Cabriolet, which sold for €660.800. The evening auction kicked off with a buzz, seeing six million-dollar-plus results, including highlight lots like the 1951 Ferrari 340 America Touring Barchetta, which ultimately achieved €7.280.000, and the 1997 Porsche 911 GT1 Evolution, which brought in an impressive €2.772.000. RM Sotheby’s is now looking forward to the Monterey auction come August, the highlight of the auction calendar.
For RM Sotheby’s 18th year in Amelia Island, the results were thrilling. The four-and-a-half-hour sale saw records set in numerous segments of the market, including the 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico, which surpassed its pre-sale estimate of $2.7 – 3.3M to sell for $4,400,000. With a total of over $38 million in sales and 89 percent of all lots sold, RM Sotheby’s is anticipating yet another successful year and is looking forward to the rest of the auction calendar.
The car-collecting world showed up in force in Paris. The beautiful Place Vauban played host to over 60 stunning automobiles, a buzz was in the air, and the crowed on their feet for a few of the most anticipated lots. The Porsche 550 Spyder was the star of the show which took home an impressive €2.744.000. The featured example was significant for being the 1955 Frankfurt Motor Show car and one of just 75 factory-built ‘customer’ 550 Spyders, with period U.S. racing history that includes 3rd in class at the 1956 Sebring 12 Hours. Supremely eligible for vintage tours, rallies and racing, it represented a rare and highly coveted prize for collectors, and deserved the excellent price it achieved. Other top performers include the Ferrari 400 Superamerica LWB Coupé Aerodinamico which sold for €2.950.000, and the BMW 507 Roadster Series II selling for €2.016.000.
Our 17th annual Arizona auction was again one for the books, highlighted by the 1937 Mercedes-Benz 540 K Special Roadster that sold for $9.9 million before a packed house. The impressive results represent a new benchmark for any automobile sold in Arizona auction week history, breaking the previous record set by RM in 2015. In total, seventeen lots broke the million-dollar mark, with the event generating a total $62.8 million with 85 percent of all lots sold.
The Frank Lloyd Wright-inspired venue once again provided the perfect backdrop for the sale, with the classic beauties dotting the lawn during preview and drawing strong attention from collectors and enthusiasts alike. Each evening, the excitement followed the cars indoors as auctioneer Max Girardo presented over 150 lots to a flurry of bidding. Among other highlights were a Duesenberg Model J Disappearing Top Torpedo Convertible Coupe ($3 million), a Shelby 427 Competition Cobra ($2.25 million), and a Ferrari 275 GTB ($2.1 million).
RM Sotheby’s shook up the collector car auction world with our Driven by Disruption event in New York City on 10 December, generating an amazing $73.5 million in sales with 31 of the world’s finest motor cars on offer. Along with the most expensive car sold at auction in 2015, the historic ex-Fangio 1956 Ferrari 290 MM, a new benchmark was set for Janis Joplin's 1964 Porsche 356 SC selling for an unprecedented $1.6 million.
RM Sotheby’s posted sweet results at its annual Hershey, Pennsylvania sale last week, proving once again that it is the perfect venue for offering important early automobiles. Brass Era powerhouses were the hit of the sale, with the most exciting moment of the multi-day auction coming as auctioneer Max Girardo opened bidding on the 1913 Pierce-Arrow, igniting a fierce competition that had the crowd roaring with every raise of a paddle.
In a packed auction room in London’s Battersea Park, RM Sotheby’s achieved a fantastic £16,658,410* ($25,404,075 USD) in auction and post-auction private sales. Well-established on the global collector car calendar, the central London auction saw Ferraris continue to prove their blue-chip credentials in the market, claiming the top three sales spots of the evening. Top honours went to the historic 1958 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’, which realized a strong £4,760,000, while the 1964 Ferrari 250 GT/L Berlinetta 'Lusso' sold for £1,232,000 and a 1992 Ferrari F40 made an excellent £845,600.
RM Sotheby’s cemented its undisputed leadership position in the global collector car auction industry on 13 - 15 August, generating a remarkable $172.9 million in auction and post-auction private sales during its three-day Monterey event in California. The impressive tally ranks the event as the highest grossing collector car auction of all time, besting the company’s 2014 Monterey performance by more than 20 percent.
RM Sotheby’s generated $7,425,450 with 79 percent of all lots sold at its annual Motor City sale, July 25 in Plymouth, Michigan. 1930s-era American classics claimed the top sales, led by a 1935 Duesenberg Model SJ Dual-Cowl Phaeton at $852,500. European highlights included a 2001 BMW Z8 for $192,500 and a 1989 Porsche 911 Turbo Coupe for $176,000.
RM Sotheby’s, the official auction house of the Concorso d’Eleganza Villa d’Este, continued its strong sales run in Italy on 23 May 2015, realizing a fantastic €26,714,530 in sales ($29,920,273 USD) at its exclusive Villa Erba auction on the shores of Lake Como, Italy. Presenting spectacular cars in a spectacular setting, the evening sale saw 34 / 39 lots sold before a packed house, with numerous lively bidding contests erupting during the two-and-a-half hour sale.
RM Sotheby’s set a new record for a private automobile collection auction on 2 May 2015, generating a remarkable $53,887,585 with 100 percent of all lots sold. Sixteen lots achieved individual million-dollar-plus results with numerous new auction benchmarks established.
The sale achieved an outstanding sale total of $60,328,550, the highest result in Amelia Island Concours d’Elegance week history. Numerous world records were set, with notable prices achieved for a number of late model and emerging collectibles.
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