Skip to main content

RM Group of Companies Enjoys Significant Growth and Record $360 Million in Auction Sales During 2012
AddThis Social Bookmark Button
Company press release.

RM Group of Companies Enjoys Significant Growth and Record $360 Million in Auction Sales During 2012  • RM group of companies, including RM Auctions and Auctions America, generates more than $360 million in auction sales in 2012

• Results tally represents best performance in the history of the collector car hobby

• RM Auctions secures 49 individual million-dollar-plus transactions and a string of new auction records

• Biennial Monaco sale enters history books as one of the most successful collector car auctions ever staged in Europe

• Auctions America enjoys significant growth and puts Auburn 'back on the map' as the Classic Car Capital of America

• Both companies demonstrate expertise in handling of private and estate collection sales, hosting a series of highly successful single-vendor auctions

• Vibrant outlook and further expansion planned for 2013 auction season

RM Group of Companies Enjoys Significant Growth and Record $360 Million in Auction Sales During 2012  

The RM group of companies, incorporating RM Auctions and Auctions America, continued its successful sales run in 2012, generating more than $360 million* in total sales to cement its position as the world's largest collector car auction company. Eclipsing its record-setting performance of 2011, the impressive 2012 results represent an all-time high for the hobby and include the sale of more than 3,000 vehicles at 20 separate events in four countries.

'2012 has been another year of great performance and significant growth for the RM group of companies. Our two auction companies, each with their own brand identity, achieved their best performances to date in 2012 and enabled us to once again seamlessly serve the entire spectrum of the collector car market and offer enthusiasts a broad range of venues to best match their automobiles,' says Rob Myers, Chairman & Founder, RM group of companies. 'The results achieved in 2012 reflect not only a continued healthy market for quality collector cars, but also the expertise of our car specialists, the largest and most experienced team in the industry, as well as our international footprint, targeted marketing and dedicated client service.'

A Year in Review

RM Auctions

RM Auctions continued to redefine the high-end auction experience in 2012 with its handpicked consignments, superb presentation, unparalleled client service, and international clientele. Once again, this combination produced strong results with RM alone generating almost $310 million in sales, including the sale of more than 1,300 vehicles at 12 separate auctions. Forty-nine motor cars accounted for million-dollar-plus transactions at auction, of which 18 vehicles fetched prices of more than $2 million each and six motor cars achieved individual results exceeding $5 million. In addition, the company realized an exceptional 91 percent sales rate at its catalogue events in 2012, demonstrating RM's presentation and marketing expertise.

Highlights & Records

'Historic races, historic results' best describes RM's greatest auction moments of 2012, with the company enjoying its top performances of the season in the motorsport meccas of Monaco and Monterey.

Headlining this year's European sales, RM made a triumphant return to Monaco in May for its biennial sale during the Grand Prix de Monaco Historique weekend. Besting its record-setting debut performance of 2010, the two-day auction realized a spectacular $43 million to claim the title as one of Europe's highest grossing collector car sales of all time, and most certainly the highest grossing collector car auction in Europe this year.

'2012 has been another vibrant year for the collector car hobby. The market has continued to show resilience to the worldwide economic storm with solid results recorded across the board, records continuing to tumble for rare and exceptional automobiles sold at auction, and select automobiles pushing the levels of high-end art to redefine the top-end of the market,' adds Max Girardo, Managing Director, RM Europe.

'In Europe, we witnessed a particularly strong appetite for '50s and '60s competition cars. This was also the experience in North America, where important sports and racing cars that were appropriately priced and offered fresh to the market enjoyed great success. All in all, it has been a terrific year —RM has once again proven itself to be the preeminent force in the collector car auction scene, and we look forward to continuing the momentum in 2013.'

Back in North America, the company's flagship sale in Monterey, California, held during the famous Pebble Beach Concours d'Elegance week, also posted exceptional results, with a spectacular $96 million in total sales and 90 percent of all lots sold. The impressive results represent the highest individual auction tally in RM history, and significantly, an almost 20 percent increase on its 2011 Monterey sale, generated no less by a smaller, more elite offering, as RM continued to focus on the top-tier of the market. It was at the Monterey sale when RM achieved its top sale of the 2012 season: a 1968 Ford GT40 Gulf / Mirage Lightweight Racing Car, used extensively as the camera car in Le Mans, which sold for $11,000,000 to set a new world record as the most expensive American automobile ever sold at auction.

In addition, RM achieved many other new auction records in 2012. Notable highlights include:

- a 1955 Ferrari 410 S Berlinetta for $8,250,000 – world record for a closed Ferrari sold at auction;

- a 1957 Ferrari 625 TRC Scaglietti Spider for $6,526,800 – world record for a 625 TRC at auction;

- a 1939 Horch Erdmann & Rossi Special Roadster for $5,170,000 – world record for a Horch sold at auction;

- a 1912 Oldsmobile Limited Five-Passenger Touring for $3,300,000 – world record for an Oldsmobile sold at auction;

- a 1952 Ferrari 225 Sport Spyder 'Tuboscocca' for $3,263,400 – world record for a 225 S at auction;

- a 1953 Bentley Continental R-Type Fastback Sports Saloon for $1,622,500 – world record for a Bentley Continental R-Type at auction; and

- a 1969 Alfa Romeo Tipo 33/3 Sports Racer for $1,595,440 – world record for an Alfa Tipo 33 at auction.

Single-Owner Collections

RM's private and estate collections division enjoyed significant growth in 2012, hosting five standalone single-vendor sales at various locations across the United States and Europe. All five events achieved solid results, continuing RM's strong track record for consistently exceeding estimates at private collection sales.

Highlighting this year's private collections calendar was the magical Milhous Collection, presented by RM in association with Sotheby's. The result of more than 50 years of collecting by brothers Robert & Paul Milhous, the auction—which featured a wonderful series of automobiles, mechanical musical instruments, and collectibles—enjoyed extraordinary success, generating more than $38 million to set a new benchmark for this type of private collection sale.

RM Europe hosted its first standalone single-vendor sale in 2012, lifting the gavel on Denmark's famed Aalholm Automobil Museum. Attracting unprecedented interest from around the world, thousands of enthusiasts descended on the southern Danish island of Lolland for the single-day auction, with a three kilometer traffic queue to simply gain access to the venue. Total sales exceeded $12.9 million with fierce national interest in the collection leading to numerous lots far exceeding expectations.

RM will further consolidate its reputation as the specialist for private and estate collection sales in 2013 with two single-vendor sales already confirmed: the Bruce Weiner Microcar Museum sale, February 15–16 in Madison, Georgia and the Don Davis Collection, April 27, in Fort Worth, Texas.

Global Reach & Expansion

RM continued to expand its international network of clients in 2012 with entries handpicked from 24 countries around the world and bidders hailing from 56 countries. Worthy of special mention were a strong showing of enthusiasts from booming markets in the United Arab Emirates, the Russian Federation, India, China, Brazil and Australia, highlighting the effectiveness and reach of RM's global marketing campaigns.

The growth of the private and estate collection division also supported client growth, specifically the Aalholm Automobil Museum in Denmark, and more recently, the John Staluppi Cars of Dreams Museum in Florida, where 85 percent and 52 percent of bidders, respectively, represented first time clientele. Repeat clientele at the company's well-established annual sales were also joined by high levels of new interest, with 35 percent of bidders at the company's Monaco auction representing new clientele, while almost 25 percent of bidders at RM's annual London sale were first-time participants.

In addition, RM also enjoyed an expanded international footprint in 2012, establishing a new office in the Los Angeles area to increase the company's presence in important markets and enable it to continue to deliver the unparalleled client service for which it is known.

Auctions America

The year 2012 was also a period of solid results and growth for Auctions America, with the Indiana-headquartered company recording its best performance to date. Specializing in the presentation of American classics, European sports cars, Detroit muscle, hot rods, and customs, Auctions America generated more than $52 million in sales. Unit volume was in excess of 2,100 vehicles and select automobilia sold at eight separate auctions held in some of the country's leading automotive destinations. Growth also extended to the company's global client base, with registered bidders representing 28 countries around the world. On a national level, bidders at Auctions America events in 2012 hailed from all 50 states across the U.S.

Headlining Auctions America's 2012 season was the highly successful Auburn Fall Collector Car Weekend, held during the famed Auburn Cord Duesenberg Festival. This year's Labor Day Weekend sale marked Auctions America's largest event to date, with total sales surpassing $18.6 million and 76 percent of all lots sold. Reflecting the event's steady and consistent growth over the past three years, more than 52,500 enthusiasts turned out to the historic Auburn Auction Park across the Labor Day Weekend, helping put Auburn 'back on the map' as the Classic Car Capital of America. More than one-third of registered bidders represented new clientele.

In addition to its flagship Auburn Fall and Spring sales, the 2012 Auctions America calendar also included successful sales in Fort Lauderdale, Florida, and Carlisle, Pennsylvania, where the team continued its partnership with Carlisle Events to deliver an ultimate automotive weekend experience.

Like RM Auctions, Auctions America also continued to demonstrate its expertise in the handling of private and estate collections in 2012, hosting two standalone single-vendor sales in addition to presenting a number of collections as featured attractions at its mainstream events. The Terry Bennett Collection and the National Military History Museum sales both enjoyed 100 percent sell-through rates, with more than 50 percent of bidders at each event representing first-time participants.

Continuing its mission to host events in the country's leading automotive destinations, Auctions America will expand its national event calendar in 2013 with the addition of a new sale in Burbank, California, August 2–4. In addition, the Company's Auburn Spring event will expand to incorporate the Antique Automobile Club of America's inaugural Central Division National Spring Meet. Further information on both of these exciting events will be unveiled in early 2013.

'2012 has been another year of positive growth for the Auctions America team as reflected not only by our sales results, but our growing reputation as an auction house of choice for the sale of private and estate collections. We look forward to building on this foundation in 2013 as we expand our national footprint and continue our mission to be the best in our segment of the collector car market,' comments Donnie Gould, President, Auctions America.

   Recent Articles
CALLING ALL BOSTONIANS: NISSAN'S 'NO CHARGE TO CHARGE' PROGRAM ARRIVES IN BEAN TOWN

BOSTON – Nissan is launching its 'No Charge to Charge' promotion for Boston-area Nissan LEAF buyers, providing two years complimentary public charging with the purchase of the all-electric car from LEAF-certified dealers in the Boston market.

'Nissan LEAF is an attractive option for Boston car buyers because it is fun to drive and offers significantly lower operating costs when compared to a gas-powered car,' said Andrew Speaker, director, Electric Vehicle (EV) Sales & Marketing, Nissa....
Bonhams Announce Exceptional Motor Car Auction For Historic Single-Owner Sale

Bonhams is delighted to announce the single-owner sale, the Frederiksen Collection. Based in Denmark, the collection consists of 48 rare and iconic motor cars, all offered at an auction taking place at the home of owner, Danish gentleman, Mr. Henrik Frederiksen.

The sale features predominantly pre-war motor cars, built by some of the worlds most exclusive manufacturers, including Rolls-Royce, Bentley, Mercedes-Benz, Lagonda and Maybach.

'Mr. Frederiksen has spent several decades building t....
AMERICAN ICONS OF YESTERDAY AND TODAY LEAD RM SOTHEBY'S MOTOR CITY SALE

• RM Sotheby's readies for its annual Motor City sale, July 25, in Plymouth, Michigan
• Event is the official auction of the Concours d'Elegance of America at St. John's
• Latest auction highlights include a pair of supercharged cars; a 1935 Duesenberg Model SJ Dual-Cowl Phaeton and a 2005 Ford GT
• Additional feature attractions include a dozen diverse vehicles offered from renowned Michigan collectors Howard and Norma Weaver
• Complete Motor City digital catalogue now available here: http:....
Premier Collector Car Auction Comes to South Carolina

• Auctions America signs on as the official auction house of the 2015 Hilton Head Island Motoring Festival & Concours d'Elegance


HILTON HEAD ISLAND, South Carolina (June 30, 2015) – Auctions America today announced the newest addition to its 2015 schedule of events, a collector car auction on Hilton Head Island as part of the Hilton Head Island Motoring Festival & Concours d'Elegance. The sale, featuring approximately 100 investment-grade vehicles, will be held on Saturday, Oct....
E.DAMS-RENAULT'S BIG DAY

Pole and win for Buemi, title for the team

LONDON, UK (June 27 2015):
The dominant colours at the first day of the Visa London ePrix, held in the fantastic setting of Battersea Park, were yellow and blue. The colours are those of the e.dams-Renault team, which thanks to a victory courtesy of Sebastien Buemi and a seventh place for Nicolas Prost, took the first ever team title in the history of Formula E.

This was Buemi's third win of the season, following on from those in Pun....
New Marketing Campaign for Toyota Camry and Corolla Takes Lets Go Places to the Next Level

Storytelling Campaign Features Two of America's Best-Selling Cars

TORRANCE, Calif. (June 29, 2015) – If you are in the right frame of mind, and open yourself up to all of the possibilities that exist in the world around you, you can set yourself free.

Fueled by this premise, Toyota and its advertising agencies (representing the total market and led by Saatchi & Saatchi Los Angeles) embark on the newest campaign for Toyota Camry, America's top-selling car, and Corolla. It....
HONDA AND ACURA BRING 13 VEHICLES TO COMPETE IN 2015 PIKES PEAK HILL CLIMB

◾Indy Lights champion Alex Lloyd to compete
◾Honda-powered vehicles have earned class wins in each of last 13 years
◾Honda, Acura products to run in 11 classes in June 28 race

Jun 25, 2015 - TORRANCE, Calif. -- In their most ambitious assault ever on the Pikes Peak International Hill Climb, Honda Performance Development and Honda Research and Development associates are fielding 13 vehicles in 11 different classes for the June 28 race up the 14,110-foot Colorado mountain.

The list....
2016 Audi TT
2016 Audi TT  2016 Audi TT  2016 Audi TT  2016 Audi TT  2016 Audi TT  
2016 Ford Explorer
2016 Ford Explorer  2016 Ford Explorer  2016 Ford Explorer  2016 Ford Explorer  2016 Ford Explorer  
2016 Ford Police Interceptor Utility
2016 Ford Police Interceptor Utility  2016 Ford Police Interceptor Utility  2016 Ford Police Interceptor Utility  2016 Ford Police Interceptor Utility  2016 Ford Police Interceptor Utility  
2016 Honda Pilot
2016 Honda Pilot  2016 Honda Pilot  2016 Honda Pilot  2016 Honda Pilot  2016 Honda Pilot  
2016 Jaguar F-TYPE R
2016 Jaguar F-TYPE R  2016 Jaguar F-TYPE R  2016 Jaguar F-TYPE R  
2016 Mazda 6
2016 Mazda 6  2016 Mazda 6  2016 Mazda 6  2016 Mazda 6  2016 Mazda 6  
2016 Mazda CX-3
2016 Mazda CX-3  2016 Mazda CX-3  2016 Mazda CX-3  2016 Mazda CX-3  2016 Mazda CX-3  
2016 Mazda CX-5
2016 Mazda CX-5  2016 Mazda CX-5  2016 Mazda CX-5  2016 Mazda CX-5  2016 Mazda CX-5  
2016 Nissan Maxima SR Midnight
2016 Nissan Maxima SR Midnight  
2015 Acura TLX Prototype
2015 Acura TLX Prototype  2015 Acura TLX Prototype  2015 Acura TLX Prototype  2015 Acura TLX Prototype  2015 Acura TLX Prototype