BEST-OF-CATEGORY AUTOMOBILES DRIVE RM SOTHEBY'S $38.6 MILLION AMELIA ISLAND CONCOURS D'ELEGANCE SALE By: RM Sotheby's
• RM Sotheby's generates $38.6 million in sales with 89 percent of all lots sold at its 18th anniversary Amelia Island, Florida sale
• Top seller: 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico surpasses estimate at $4,400,000 to set new auction record
• Bidders from 20 countries spur lively bidding contests, propelling numerous lots to above-estimate prices
• Complete results from RM Amelia Island available online at www.rmsothebys.com
• RM Sotheby's continues its global calendar of events in Monaco, May 14, during the Grand Prix Historique de Monaco weekend
AMELIA ISLAND, Florida (13 March, 2016)
– RM Sotheby's, the official auction house of the Amelia Island Concours d'Elegance, celebrated its 18th anniversary sale in Amelia Island yesterday (March 12) with $38,685,100* in sales and 89 percent of all lots sold. Led by a terrific series of best-of-category automobiles, the four-and-a-half hour sale attracted a standing room only crowd, with bidders hailing from 20 countries.
'We had another great auction here at Amelia Island, with a solid sell-through rate of 89 percent and numerous cars from across all segments of the market exceeding estimate and achieving record prices,' says Gord Duff, Car Specialist, RM Sotheby's. 'The solid result was driven by active participation from many of America's leading collectors, as well bidders new to the hobby. Results such as the $4.4 million paid for the 1962 Ferrari 400 Superamerica, the $1.2 million 1932 Packard Twin Six Coupe Roadster, and the $2 million 2014 Pagani Huayra show enduring appeal and depth of demand for the best examples from top marques. The fact that yesterday's results represent one of our strongest performances at Amelia Island to date illustrates a continued healthy market.'
The auction was led by the 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico which comfortably surpassed its pre-sale estimate of $2.7/3.3m to sell for $4,400,000 – a world record price for a 400 Superamerica Coupe at auction. The car was the subject of a lengthy bidding contest as collectors in the room and on telephones sought the 1962 Turin Automobile Show car. This particular example, chassis no. 3949 SA, boasts distinguished provenance having previously belonged to American sportsman Erwin Goldschmidt and remaining in his family for over 40 years. The ownership history along with an outstanding recent restoration makes it one of the most significant 400 Superamericas in private hands.
Another toast of yesterday's sale was the 1954 Bentley R-Type Continental Fastback Sports Saloon, chassis no. BC2LD. Finished in the most desirable configuration of factory LHD 4.9-liter engine, center-shift manual transmission and 'seats and spats', the stunning Bentley returned to Amelia Island after claiming Best in Class honors in 2010. It again stole the spotlight during this week's appearance, spurring a lively bidding war to bring a very strong, above-estimate $1,815,000 (pre-sale estimate: $1.2/1.4m).
American Classics also performed well, with numerous lots exceeding estimate. This group was headlined by a 1932 Packard Twin Six Coupe Roadster, long regarded as the Clark Gable Twin Six, which realized a terrific $1,210,000 (pre-sale estimate $650/800,000), while a beautifully restored 1931 Stutz DV-32 Convertible Victoria, another example returning to Amelia Island following earlier concours success, was also hotly contested, bringing a final $1,100,000 (pre-sale estimate $800,000/1m).
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Solid results were also recorded for late-model supercars, including a highly-optioned 2014 Pagani Huayra which set a new benchmark for the marque at $2,035,000. A 1984 Ferrari 288 GTO, the first example officially delivered in Japan, attracted a strong $2,585,000, while a 2002 Ferrari 575M Maranello, equipped with the ultra-desirable six-speed manual transmission and showing just 4,511 original miles, achieved $462,000,
Additional notable sales included:
• the 1985 Ford RS200 Evolution, one of only 24 examples built and upgraded by the factory to 600 bhp, powered to a final $522,500 (pre-sale estimate $475/675,000);
• a highly original 1960 AC Ace-Bristol with notable racing provenance sold for a record $495,000 against a pre-sale estimate of $350/400,000;
• a 2003 Aston Martin DB AR1, with less than 700 miles, set a new benchmark for the model at auction at $363,000 (pre-sale estimate $250/300,000);
• a well-maintained 1929 Packard Deluxe Eight Sport Phaeton achieved $313,500 versus a pre-sale estimate of $150/200,000;
• a 1989 Porsche 911 Turbo Coupe showing just 1,161 original miles garnered $308,500 (pre-sale estimate $240/280,000); and,
• capping off the sale on a high note, the 1964 Peel P50, a terrific example of the world's smallest production car, generated big bids to shatter its pre-sale estimate at a final $176,000, a record for a Peel P50 at auction (estimate $75/100,000).
Beyond the automobiles, RM Sotheby's was proud to lend its auction services during Saturday's sale to support the fundraising initiatives of the Amelia Island Concours d'Elegance, with select charity lots raising $82,800 for Spina Bifida of Jacksonville.
RM Sotheby's Top 10 Amelia Island sales
1. Lot 163 - 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico (chassis no. 3949 SA) - $4,400,000
2. Lot 148 - 1984 Ferrari 288 GTO (chassis no. ZFFPA16B000055237) - $2,585,000
3. Lot 139 - 1968 Ferrari 330 GTS (chassis no. 10817) - $2,200,000
4. Lot 164 - 2014 Pagani Huayra (chassis no. ZA9H11UAXESF76062) - $2,035,000
5. Lot 147 - 1954 Bentley R-Type Continental Fastback Sports Saloon (chassis no. BC2LD) - $1,815,000
6. Lot 161 - 1955 Mercedes-Benz 300 SL Gullwing (chassis no. 198.040.5500397) - $1,265,000
7. Lot 118 - 1932 Packard Twin Six Coupe Roadster (Vehicle 579-64) - $1,210,000
8. Lot 179 - 1963 Shelby 289 Cobra (chassis no. CSX 2188) - $1,155,000
9. Lot 132 - 1931 Stutz DV-32 Convertible Victoria (chassis no. DV-PC-1294) - $1,100,000
10. Lot 180 - 1968 Chevrolet Sunoco Camaro Trans Am (Identification 9908H046) - $990,000
RM Sotheby's continues its 2016 calendar with its exclusive, biennial Monaco sale, May 14 during the Grand Prix Historique de Monaco. Fast becoming one of Europe's leading collector car sales, the Monaco event will lift the gavel of some 100 blue-chip automobiles.
Full results from the Amelia Island sale, along with further information on upcoming events, are available at www.rmsothebys.com.
*Results are listed in USD and are inclusive of 10 percent buyer's premium for automobiles and 15 percent for memorabilia. Auction total includes post-sale transactions.