GLOBAL INTEREST AND SPIRITED BIDDING DRIVE $10.24 MILLION IN SALES By: Auctions America
• Auctions America realizes an impressive $10.24 million in sales with 98 percent of all lots sold at its historic Littlefield Collection sale, July 11-12 in Portola Valley, California
• Top sellers: German SD.KFZ.7 (KM M11) 8-Ton Half-Track Personnel Carrier from World War II achieves $1.2 million; 8K11 Surface-to-Surface Missile (SCUD-A) realizes $345,000
• Bidders represented 10 countries from around the world and 37 states from across the United States
• All hammer proceeds to benefit The Collings Foundation, a non-profit educational foundation (501C-3); proceeds to be used to build a new facility in Stow, Massachusetts befitting Littlefield's vision
• Auctions America continues its 2014 calendar with its annual California Collector Car Auction, July 31 – August 2 in Burbank, followed by its flagship Auburn Fall event, August 27-31 at Indiana's Auburn Auction Park
AUBURN, Indiana (July 16, 2014)
– The focus of the global collector community turned to Portola Valley, California last weekend (July 11-12) as Auctions America presented the historic Littlefield Collection– the largest and most diverse sale of military vehicles and accessories ever staged. Capturing the attention of international collectors and media alike, the two-day auction realized an impressive $10.24 million* in sales with 98 percent of all lots sold. Bidders hailed from 10 countries around the world, including as far away as Germany, Belgium and Australia.
Celebrated as one of the world's largest private collections of armored vehicles, the Littlefield Collection represented more than 30 years of careful and dedicated acquisition by the late Jacques Littlefield, founder of California's Military Vehicle Technology Foundation. Following Mr. Littlefield's passing, the collection was acquired by The Collings Foundation, who will integrate some 80 of Littlefield's prized vehicles and artifacts into its own existing collection of military vehicles and aircraft. This enlarged collection will be housed in a new 66,000 square foot facility, befitting Littlefield's vision, at the Collings Foundation headquarters in Stow, Massachusetts. The remainder of the collection – more than 200 lots of parts and accessories, and 122 military vehicles – was presented at last weekend's sale.
'We are thrilled with the results of the Littlefield Collection sale, which exceeded expectations by approximately 20 percent,' says Ed Cepuran, Co-founder, Auctions America.
'What Jacques Littlefield managed to assemble in terms of size, diversity and scope, was beyond impressive, and it was both a privilege and an honor to bring the collection to auction and to help continue his remarkable legacy. A truly unique event, collectors recognized the incredibly rare – and in many cases, once-in-a-lifetime - opportunities the sale presented, as reflected in the strong results. From the start of the sale right through to the very last lot, there was a great energy in the auction room, with numerous spirited bidding contests. It was certainly very memorable and set a new benchmark for this type of private collection sale.'
Highest levels of interest were received for the most recognizable and iconic vehicles of World War II. Claiming top sales honors was a German SD.KFZ.7 (KM M11) 8-Ton Half-Track Personnel Carrier which sold for $1,207,500 to applause from the audience. Used to tow medium artillery in World War II, the Half-Track included bench seating for up to 11 gun crew and special compartments in the vehicle's rear to carry ammunition. Another crowd favorite was the nearly 42-ton 8K11 Surface-to-Surface Missile (SCUD-A), a Soviet Union Missile Launcher, and one of only two in private ownership, which achieved an impressive $345,000.
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American-built Sherman Tanks also drew strong interest from bidders. Leading this group was the 37.4-ton M4A2 (76) HVSS Sherman Medium Tank, otherwise known as the 'Popgun' Tank, for $345,000, and a M4A3 (75) Sherman Medium Tank, originally built by the Ford Motor Company in 1942, for $299,000. Another American-built tank attracting strong bids was the M5 Stuart Tank, built in 1942 by Cadillac in Detroit, Michigan, which more than doubled its pre-sale estimate at $310,500.
Auctions America – The Littlefield Collection Top Five Sales
1. Sd.Kfz.7 (KM M11) 8-Ton Half-Track - $1,207,500
2. 8K11 Surface-to-Surface Missile (SCUD-A) - $345,000
3. M4A2(76) HVSS Sherman Medium Tank - $345,000
4. M5 Stuart Tank - $310,500
5. M4A3 (75) Sherman Medium Tank - $299,000
'There is no question that Jacques Littlefield created the world's leading private collection of military technology. This past weekend's sale provided a very special opportunity for collectors from around the world to sustain Jacques' incredible legacy and help preserve, protect and present the vehicles that defined the world we live in,' says Rob Collings, Executive Director of The Collings Foundation.
'From the marketing and promotion, to the logistics, client services and presentation, the Auctions America team did a fantastic job. Never before has there been a military vehicle sale of such complexity and magnitude, and the Auctions America team pulled it off with great professionalism and poise to achieve remarkable results. We're extremely pleased with the outcome of the sale and will be using the proceeds to perpetuate Littlefield's legacy through the display of core pieces from the original collection at our Massachusetts headquarters. The new facility, which is set to open in the summer of 2015, will honor our nation's veterans as well as provide a priceless learning and heritage resource for people of all ages.'
Auctions America continues its 2014 calendar with its highly anticipated California Collector Car Auction, July 31 – August 2 in Burbank, featuring an eclectic mix of 425 cars hand-picked for Southern California's unique automotive culture. The summer concludes with Auctions America bringing the action back to the Classic Car Capital of America for its flagship Auburn Fall weekend, August 27-31.
Full results from Auctions America's Littlefield Collection sale, along with upcoming event information are available online at auctionsamerica.com.
*Results are listed in USD and include 15 percent buyer's premium for all lots
Top: The sale-topping Sd.Kfz.7 (KM M11) 8-Ton Half-Track achieved a remarkable $1,207,500 (photo courtesy Auctions America)
Second top: The 8K11 Surface-to-Surface Missile (SCUD-A), one of only two in private ownership, sold for a strong $345,000 at Saturday's sale of the Littlefield Collection (photo courtesy Auctions America)
About Auctions America
Founded in July 2010, Auctions America specializes in the sale of American classics, European sports cars, Detroit muscle, hot rods and customs. Headquartered at the historic Auburn Auction Park in Indiana, Auctions America boasts an expert team of full-time car specialists, who offer more than 180 years of combined experience buying, selling, racing and restoring collector vehicles, making them uniquely qualified to advise on all aspects of the hobby. The company's established roster of annual events are held in some of the country's leading automotive destinations including Auburn, Indiana; Fort Lauderdale, Florida; and Burbank, California. In addition, the company is an auction house of choice for the sale of private and estate collections. In 2014, Auctions America entered a multi-year agreement with the Sports Emmy Award-Winning NBC Sports Network (NBCSN) to provide exclusive live television coverage of its US-based collector car auctions, helping deliver the Auctions America experience to more than 80 million homes across the country. To learn more about Auctions America, visit auctionsamerica.com, find us on Facebook or follow us on Twitter @auctionsamerica.
About The Collings Foundation
The Collings Foundation is one of the most unique non-profit, Educational Foundations in the United States. Founded in 1979, the purpose of the Foundation is to organize and support 'living history' events that enable Americans to learn more about their heritage through direct participation.
The Collings Foundation operates over 27 very rare historical aircraft and is the stewards of over 100 rare vintage machines, major artifacts and classic automobiles. Since 1989, a major focus of the Foundation has been the national 'Wings of Freedom Tour.' This national tour showcases two WWII bombers and a fighter aircraft. Celebrating 25 years, the 'Wings of Freedom Tour' continues to honor the sacrifices made by our WWII veterans in the most memorable way possible – touring through and flying in these legendary aircraft. It is estimated that over 3.5 million people see and experience these fully restored historic aircraft annually.
The Stow facilities include a world-class aviation museum and a vintage automobile and racecar collection. As of 2013, the Foundation has taken in Jacques Littlefield's Military Vehicle Collection. This is the largest privately held collection of historic tanks and military artifacts in the world. A new 66,000 square foot facility is being built to showcase these tanks on the Stow grounds. Completion of the facility is expected by 2015. For more information on the Collings Foundation, please visit www.collingsfoundation.org.