RM Auctions Posts a Spectacular $95 Million in Monterey
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• RM Auctions generates more than $95.7* million in sales, with a strong 89 percent of all lots sold, at its celebrated Monterey, California sale
• 20 cars achieve over $1 million, five of which exceed the $5 million mark
• Two-day sale establishes numerous new auction records, including a new world record for the most expensive American automobile ever sold at auction
• Top-sellers: 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car achieves $11,000,000; 1962 Ferrari 250 GT SWB California Spyder brings $8,580,000
• Full results and exclusive highlights video now available online at rmauctions.com
RM Auctions, the world's largest collector car auction house for investment-quality automobiles, continued its strong track record in Monterey, California, on the weekend, realizing a spectacular $95.7 million in total sales*, with a strong 89 percent of all lots sold.
The impressive results represent the highest individual auction tally in RM's history and, significantly, an almost 20 percent increase on last year's record $80 million Monterey sale, albeit generated by a smaller offering; this year's sale featured an elite, handpicked selection of 120 of the world's finest automobiles compared to 144 motor cars offered at the 2011 sale. Illustrating RM's expertise in the presentation and marketing of blue-chip automobiles at auction, as many as 20 vehicles realized million-dollar-plus results, with five lots achieving individual prices exceeding $5 million, and numerous new auction records set.
'We are absolutely delighted with the results from our Monterey sale, which not only reflect our best performance to date but demonstrate the continued strength of the collector car market and high global demand for investment-quality automobiles,' says Rob Myers, Chairman and Founder, RM Auctions. 'The sale truly captured the attention of the world's elite collectors, and the results once again prove that RM continues to set the standard for collector car auctions with its high-caliber consignments, impeccable presentation, unparalleled client service, and accurate estimates provided by our expert team of car specialists. We look forward to continuing the momentum with our upcoming fall auctions in Hershey, Dallas, and London.'
The event's top seller was a 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, P/1074, achieving a new world record for an American automobile sold at auction with a remarkable sales price of $11,000,000 (pictured above). The first, by serial number, of several lightweight GT40s built for the J.W.A./Gulf team, this exceptional racing car was completed in 1968 and carries an incredible history from new. Finished in the Gulf team colors of Powder Blue with a Marigold stripe, it raced extensively throughout 1968 from Daytona to Le Mans, as well as the Le Mans trials at the hands of Jacky Ickx, before it was sold to Solar Productions in 1970 and used as a camera car in Steve McQueen's Le Mans. Providing one of many thrilling auction moments across the two-day sale, the GT40 spurred a lively bidding war in the room; its world record price earning a standing ovation from the crowd.
Additional lots surpassing the $5 million mark included a magnificent trio of Ferraris, including a hugely desirable 1962 Ferrari 250 GT SWB California Spyder, chassis 3319 GT (pictured), for $8,580,000; an exceptional 1955 Ferrari 410 S Berlinetta, chassis 0594 CM, which set a new world record for a closed Ferrari at $8,250,000; and a coveted 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France', chassis 0585 GT, which fetched $6,710,000. Rounding out the group of $5 million-plus sales, the supremely elegant, Pebble Beach 'Best of Show' winning 1938 Horch 853A Erdmann & Rossi Special Roadster achieved a strong $5,017,000, to set a new world record for an Horch sold at auction.
'The results indicate a particularly strong market for 1950s and 1960s sports and racing cars, with many new records achieved within this category across the Monterey weekend,' adds Shelby Myers, Managing Director, RM California. 'Whether this reflects a change in existing collector tastes is unknown, however it certainly shows that interest in makes such as Ferrari, Aston Martin and other post-World War II sports cars is at an all-time high. It is important to note the trend was not only evident in the multi-million-dollar bracket, but 'best of category' examples across all levels,' Myers adds.
Other notable auction results include:
• a race bred 1960 Aston Martin DB4GT, the fourth DB4GT produced, exceeded its pre-sale estimate, selling for a strong $2,035,000;
• a 1953 Bentley Continental R-Type Fastback Sports Saloon set a new world record for its model, achieving a superb $1,622,500;
• a highly original 1965 Shelby 289 Cobra Mk II, just one lady owner from new, well-surpassed its pre-sale estimate, selling for $792,000;
• a 1974 Ferrari Dino 246 GTS 'Chairs and Flares' attracted fierce bidding, realizing a world record price of $467,500; and
• a perfectly preserved, delivery-mileage 1989 Ferrari Testarossa doubled its pre-sale estimate to enter the history books with a world record price of $264,000.
Reflecting RM's global clientele, the strong results were generated by registered bidders from 25 different countries on the telephone, over the Internet, and assembled in the standing-room-only venue.
RM Auctions' 2012 Monterey Million-Dollar-Plus Sales:
Lot 139 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car $11,000,000
Lot 240A 1962 Ferrari 250 GT SWB California Spyder $8,580,000
Lot 117 1955 Ferrari 410 S Berlinetta $8,250,000
Lot 231 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' $6,710,000
Lot 133 1938 Horch 853A Special Roadster $5,170,000
Lot 214 1955 Aston Martin DB3S Sports Racing Car $3,685,000
Lot 226 1967 Ford GT40 Mark I $2,860,000
Lot 121 1938 Talbot-Lago T23 Teardrop Coupe $2,640,000
Lot 233 2001 Bentley Speed 8 Le Mans Prototype Racing Car $2,530,000
Lot 228 1960 Aston Martin DB4GT $2,035,000
Lot 229 1929 Duesenberg Model J Disappearing Top Convertible Coupe $1,897,500
Lot 212 1953 Bentley Continental R-Type Fastback Sports Saloon $1,622,500
Lot 239 1967 Ferrari 275 GTB/4 Berlinetta $1,485,000
Lot 249 1967 Ferrari 275 GTB/4 'Competizione Speciale' $1,485,000
Lot 114 1965 Shelby 427 Competition Cobra $1,485,000
Lot 240 1964 Shelby 289 Competition Cobra $1,320,000
Lot 221 1965 Ferrari 275 GTB $1,182,500
Lot 250 1955 Mercedes-Benz 300SL 'Gullwing' Coupe $1,171,500
Lot 140 1998 Mercedes-Benz CLK GTR $1,100,000
Lot 137 2001 Audi R8 Le Mans Prototype Racing Car $1,034,000
In addition to RM's strong auction performance, the company's restoration division, RM Auto Restoration, continued its track record for excellence on the show field at the Pebble Beach Concours on Sunday, with the 1931 Duesenberg J Derham Tourster owned by Joseph and Margie Cassini, of West Orange, New Jersey, judged 'Best in Class' and a 'Best of Show Nominee', and the 1937 Talbot-Lago T150C Figoni & Falaschi Cabriolet, owned by The Patterson Collection in Louisville, Kentucky, also receiving 'Best in Class' honors. In addition, a 1930 Cadillac 452 Fleetwood Roadster, owned by Bob and Brigette Thayer of Atlanta, Georgia, and also restored by RM Auto Restoration, was judged second in its class.
RM Auctions continues its 2012 calendar in Hershey, Pennsylvania, October 11–12, 2012, closely followed by the presentation of The Charlie Thomas Collection, October 20, near Dallas, Texas, and its annual London sale at Battersea Evolution, October 31. For further information on upcoming events, along with complete official results from RM's 2012 Monterey sale, please visit www.rmauctions.com.
About RM Auctions
RM Auctions is the world's largest auction house for quality automobiles. With over three decades of experience in the collector car industry, RM's vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and international footprint, provides an unsurpassed level of service to the global collector car market. RM proudly holds five of the top 10 all-time records for the most expensive motor cars sold at auction. RM's restoration division has achieved unprecedented accolades earning 'Best of Show' honors at the world's top concours events, including four 'Best of Show' awards at the prestigious Pebble Beach Concours d'Elegance. For further information, visit www.rmauctions.com, find us on Facebook or follow us on Twitter @rmauctions
*All figures are reported in U.S. dollars and include the 10 percent buyer's premium
Photo captions:
Top – The record setting 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car sells for $11,000,000 (including buyer's premium) during RM's Friday sales session in Monterey (credit: courtesy RM Auctions)
Second – This superb 1962 Ferrari 250 GT SWB California Spyder leads a host of million-dollar-plus Ferraris at the RM sale in Monterey (credit: Stephen Goodal © 2012 courtesy RM Auctions)
|
|
1953 Hudson Hornet Sedan Chassis#: 216678 |
$61,600 no reserve |
$40,000-$60,000 |
|
1955 Jaguar XK140 MC Fixed Head Coupe Chassis#: S814293 DN |
$93,500 no reserve |
$75,000-$100,000 |
|
1968 Mercedes-Benz 280SL Roadster Chassis#: 11304410002800 |
$101,750 no reserve |
$80,000-$120,000 |
| 1905 Rapid Nine-Passenger Omnibus |
$60,500 no reserve |
$80,000-$120,000 | |
|
1963 Porsche 356B 1600 S Cabriolet Chassis#: 157820 |
$151,250 | $125,000-$165,000 |
|
1948 MG TC Roadster Chassis#: TC 5473 |
$66,000 no reserve |
$55,000-$85,000 |
|
1965 Austin-Healey 3000 BJ8 MK III Convertible Chassis#: HBJ8L/30063 |
$66,000 | $50,000-$70,000 | |
|
1965 Jaguar E-Type Series I 3.8-Liter Roadster Chassis#: 881584 |
$82,500 | $100,000-$130,000 | |
|
1950 Aston Martin DB2 Coupe Chassis#: LML/50/13 |
$308,000 no reserve |
$375,000-$475,000 | |
|
1952 Jaguar XK120 Roadster Chassis#: 671615 |
$93,500 no reserve |
$90,000-$120,000 |
|
1932 Ford V-8 DeLuxe Three-Window Coupe Chassis#: 1870577 |
$99,000 no reserve |
$100,000-$130,000 | |
|
1966 Lamborghini 400GT 2+2 Chassis#: 0745 |
$352,000 | $350,000-$400,000 | |
|
1961 Rolls-Royce Silver Cloud II Drophead Coupe Chassis#: LSVB 451 |
$220,000 | $250,000-$325,000 | |
|
1961 Rolls-Royce Silver Cloud II Drophead Coupe Chassis#: LSVB 451 |
$220,000 | $250,000-$325,000 |
|
1965 Shelby 427 Competition Cobra Chassis#: CSX3014 |
$1,485,000 | $1,500,000-$1,800,000 |
|
1956 Austin-Healey 100M 'Le Mans' Roadster Chassis#: BN2L232348 |
$192,500 no reserve |
$150,000-$175,000 |
|
1960 Ferrari 250 GT Series II Cabriolet Chassis#: 1805 GT |
$715,000 | $600,000-$700,000 |
|
1955 Ferrari 410 S Berlinetta Chassis#: 0594 CM |
$8,250,000 | ||
|
1965 Shelby 289 Cobra Mk II Chassis#: CSX 2356 |
$792,000 no reserve |
$400,000-$500,000 |
|
1947 Ford Super DeLuxe Sportsman Convertible Chassis#: 1967487 |
$187,000 no reserve |
$200,000-$250,000 |
|
1974 Ferrari Dino 246 GTS 'Chairs and Flares' Chassis#: 07908 |
$467,500 | $300,000-$375,000 | |
|
1938 Talbot-Lago T23 Teardrop Coupe Chassis#: 93064 |
$2,640,000 | $2,500,000-$3,500,000 |
|
1972 Ferrari 365 GTB/4 Daytona Chassis#: 15117 |
$396,000 | $375,000-$475,000 |
|
1973 Porsche 911 Carrera RS Lightweight Chassis#: 9113601079 |
$495,000 | $350,000-$450,000 |
|
1956 Lotus Eleven Series 1 Sports Racing Car Chassis#: 189 |
$126,500 | $100,000-$125,000 | |
|
1932 Packard Individual Custom Twin Six Sport Phaeton Chassis#: 900331 |
$946,000 | $1,100,000-$1,400,000 |
| 1931 Cadillac Series 452 V-16 Special Dual Cowl Phaeton by Fleetwood | $465,000 | $650,000-$850,000 | |
|
1989 Ferrari Testarossa Chassis#: ZFFSG17A5K0080179 |
$264,000 no reserve |
$130,000-$160,000 |
|
1989 Ferrari 328 GTS Chassis#: ZFFXA20A1K0080610 |
$159,500 no reserve |
$120,000-$140,000 |
|
1949 Jaguar XK120 Alloy Roadster Chassis#: 670059 |
$280,500 | $300,000-$350,000 |
| 1962 Cooper Monaco Sports Racing Car | $176,000 | ||
|
1915 Rolls-Royce 40/50 Silver Ghost Limousine Chassis#: 2BD |
$561,000 | $600,000-$800,000 |
|
1991 Ferrari F40 Chassis#: ZFFMN34A2M0089441 |
$715,000 | $650,000-$725,000 |
|
1939 Horch 853A Special Roadster Chassis#: 854275 |
$5,170,000 | $6,000,000-$8,000,000 |
|
1965 Shelby GT350 R Chassis#: SFM5R106 |
$990,000 | $900,000-$1,300,000 |
|
1963 Shelby 289 Cobra Chassis#: CSX 2048 |
$522,500 | $550,000-$650,000 |
|
1961 Cooper T-56 Mark II Formula Junior Racing Car Chassis#: FJ-2-62 |
$198,000 no reserve |
$150,000-$200,000 |
|
2001 Audi R8 Le Mans Prototype Racing Car Chassis#: 501 |
$1,034,000 | $1,000,000-$1,500,000 |
|
1937 SS100 3.5-Liter Jaguar Roadster Chassis#: 18081 |
$352,000 | $300,000-$375,000 | |
|
1968 Ford GT40 Gulf/Mirage Lightweight Racing Car Chassis#: P/1074 (M.10003) |
$11,000,000 | |
|
1998 Mercedes-Benz CLK GTR Chassis#: WDB2973971Y000012 |
$1,100,000 | $1,250,000-$1,500,000 |
|
1968 Chevrolet L-88 Corvette Owens/Corning FIA/SCCA Racing Car Chassis#: OCF/T.P.I. 002-68 |
Not sold. High bid: $730,000 | $950,000-$1,350,000 |
|
1929 Duesenberg Model J Sport Sedan Chassis#: 2132 |
$990,000 | $800,000-$1,000,000 | |
|
1936 Delage D6-70 Milord Cabriolet Chassis#: 50607 |
Not sold. High bid: $1,100,000 | $1,250,000-$1,750,000 |
|
1956 Mercedes-Benz 300SL 'Gullwing' Coupe Chassis#: 198.0405500707 |
$875,000 | $850,000-$1,000,000 | |
|
1965 Shelby Mustang GT350 Chassis#: SFM5S479 |
$286,000 | $225,000-$275,000 | |
|
1960 Mercedes-Benz 300SL Roadster Chassis#: 198 042 10 002582 |
$814,000 | $675,000 | |
|
1967 Jaguar E-Type Series I 4.2-Liter Roadster Chassis#: 1E15457 |
$143,000 no reserve |
$140,000-$170,000 | |
|
1950 Mercury Eight Convertible Coupe Chassis#: 50DA65144 |
$82,500 no reserve |
$100,000 |
|
1937 Rolls-Royce Phantom III Aero Coupe Chassis#: 3BU 184 |
$473,000 | $650,000-$850,000 | |
|
1959 Devin SS Sports Car Chassis#: DSS-001 |
Not sold. High bid: $200,000 | $250,000-$325,000 |
|
1914 Mercedes 50 HP Seven-Passenger Touring Chassis#: 12526 |
$528,000 | $600,000-$800,000 |
|
1937 Cord 812 Supercharged 'Sportsman' Convertible Coupe Chassis#: 32023F |
$310,750 | $275,000-$325,000 |
|
1933 Packard Super Eight Coupe Roadster Chassis#: 750980 |
$253,000 | $160,000-$200,000 |
|
1961 Lotus Elite Series II Coupe Chassis#: 1205 |
$96,250 | $100,000-$150,000 |
|
1963 Jaguar E-Type Series I 3.8-Liter Roadster Chassis#: 879061 |
$165,000 no reserve |
$100,000-$125,000 | |
|
1966 Shelby Mustang GT350 SCCA B-Production Racing Car Chassis#: SFM6S928 |
$159,500 no reserve |
$175,000-$225,000 |
|
1957 Porsche 356A 1600 Speedster Chassis#: 83301 |
$205,700 | $190,000-$240,000 |
|
1934 Ford V-8 DeLuxe Three-Window Coupe Chassis#: 18-645230 |
$90,750 no reserve |
$90,000-$125,000 | |
|
1971 Porsche 911 'R/T' Coupe Chassis#: 9111100323 |
$132,000 no reserve |
$90,000-$110,000 |
|
1947 Mercury Station Wagon Chassis#: WN58063587 |
$94,600 no reserve |
$120,000-$140,000 |
|
1962 Ferrari 250 GT SWB California Spyder Chassis#: 3119 GT |
$8,580,000 | $7,500,000-$9,000,000 |
|
1967 Fiat 500F Chassis#: 1612935 |
$41,250 no reserve |
$25,000-$35,000 |
|
1969 Triumph GT6+ Group 44 Factory SCCA Racing Car Chassis#: KC57687L |
$55,000 no reserve |
$75,000-$125,000 |
|
1952 Tojeiro-MG Competition Barchetta Chassis#: RMS1 |
$154,000 | $140,000-$180,000 |
|
1967 Austin-Healey BJ8 Phase II MK III Sports Convertible Chassis#: HBJ8L40531 |
$121,000 no reserve |
$90,000-$110,000 | |
|
1964 Jaguar E-Type Series I 3.8-Liter Roadster Chassis#: 880619 |
$126,500 no reserve |
$140,000-$170,000 |
|
1961 Alfa Romeo Giulietta Sprint Speciale Chassis#: AR177259 |
$132,000 | $175,000-$225,000 |
|
1935 Packard Twelve Dual Cowl Sport Phaeton Chassis#: 821-202 |
$319,000 no reserve |
$280,000-$350,000 |
|
1972 Ferrari 365 GTC/4 Chassis#: 15197 |
$181,500 | $140,000-$165,000 |
|
1953 Bentley Continental R-Type Fastback Sports Saloon Chassis#: BC16LA |
$1,622,500 | $900,000-$1,100,000 | |
|
1935 Hispano-Suiza J-12 Pillarless Sedan Chassis#: 14022 |
Not sold. High bid: $450,000 | $750,000-$1,000,000 | |
|
1955 Aston Martin DB3S Sports Racing Car Chassis#: DB3S/118 |
$3,685,000 | $3,500,000-$4,000,000 |
|
1973 Ferrari 365 GTB/4 Daytona Chassis#: 16339 |
$363,000 | $350,000-$450,000 | |
|
1981 Porsche 935 JLP-3 IMSA Racing Car | Not sold. High bid: $1,125,000 | $1,300,000-$1,800,000 |
|
1954 Hudson Italia Coupe Chassis#: IT10011 |
$265,000 | $350,000-$450,000 |
|
1963 Shelby 289 Cobra Mk II Chassis#: CSX 2167 |
$627,000 | $600,000-$700,000 |
|
1930 Isotta-Fraschini Tipo 8AS Boattail Cabriolet Chassis#: 1581 1599 |
Not sold. High bid: $1,450,000 | $1,750,000-$2,500,000 | |
|
1967 Lamborghini Miura P400 SV Conversion Chassis#: 3066 |
$660,000 | $600,000-$750,000 |
|
1965 Ferrari 275 GTB Chassis#: 06681 |
$950,000-$1,150,000 | ||
|
1987 Porsche 962 IMSA Camel GT Racing Car Chassis#: 962DR1 (RLR 202) |
Not sold. High bid: $875,000 | $1,200,000-$1,600,000 |
|
1931 Rolls-Royce Springfield Phantom II Henley Roadster Chassis#: 255AJS |
$687,500 | $750,000-$950,000 | |
|
1956 BMW 503 Series I Cabriolet Chassis#: 69081 |
Not sold. High bid: $260,000 | $325,000-$425,000 |
|
1967 Ford GT40 Mark I Chassis#: P/1059 |
$2,860,000 | $2,300,000-$2,700,000 | |
|
1967 Ford GT40 Mark I Chassis#: P/1059 |
$2,860,000 | $2,300,000-$2,700,000 |
|
1956 Porsche 356A 1600 Speedster Chassis#: 82666 |
$242,000 | $190,000-$250,000 |
|
1960 Aston Martin DB4GT Chassis#: DB4GT/0104/L |
$2,035,000 | $1,500,000-$1,900,000 |
|
1929 Duesenberg Model J Disappearing Top Convertible Coupe Chassis#: 2134 |
$1,897,500 | $1,800,000-$2,400,000 | |
|
1969 Maserati Ghibli Spyder Chassis#: 115S1043 |
$407,000 no reserve |
$350,000-$450,000 |
|
1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' Chassis#: 0585GT |
$6,710,000 | |
|
1931 Chrysler CG Imperial Dual Cowl Phaeton Chassis#: 7802580 |
$363,000 | $350,000-$425,000 |
|
2001 Bentley Speed 8 Le Mans Prototype Racing Car Chassis#: 002-3 |
$2,530,000 | $1,900,000-$2,500,000 |
|
1956 Fiat Series 306/2 Grand Prix Transporter Chassis#: 3062001625 |
$990,000 | $850,000-$1,100,000 | |
|
1960 Plymouth XNR Chassis#: 9999997 |
$935,000 | ||
|
1932 Packard Individual Custom Eight Convertible Coupe Chassis#: 194206 |
$313,500 | $400,000-$450,000 | |
|
1966 Shelby 427 Cobra Chassis#: CSX 3293 |
$819,500 | $800,000-$900,000 |
|
1924 Bentley 3/8-Liter 'Hawkeye Special' Chassis#: 477 |
$671,000 | $550,000-$650,000 | |
|
1967 Ferrari 275 GTB/4 Berlinetta Chassis#: 09523 |
$1,485,000 | $1,200,000-$1,600,000 | |
|
1964 Shelby 289 Competition Cobra Chassis#: CSX2290 |
$1,320,000 | $1,200,000-$1,400,000 |
|
1967 Aston Martin DB6 Volante Chassis#: DBVC/3635/R |
Not sold. High bid: $780,000 | $850,000-$1,100,000 |
|
1963 Porsche 904/6 Carrera GTS Factory Works Protoype Chassis#: 906-002 |
Not sold. High bid: $1,575,000 | $1,800,000-$2,200,000 |
|
1962 Aston Martin DB4 Chassis#: DB4/794/L |
Not sold. High bid: $572,000 no reserve |
$475,000-$550,000 |
|
1966 Lamborghini 350 GT Coupe Chassis#: 0253 |
$365,625 | $350,000-$450,000 |
|
1931 Pierce-Arrow Model 41 Convertible Victoria Chassis#: 3050235 |
$385,000 | $425,000-$525,000 | |
|
1998 Porsche 911 GT1 'Strassenversion' (Street Version) Chassis#: WP0ZZZ99ZWS396005 |
$1,175,000 | $1,250,000-$1,400,000 | |
|
1925 Renault 40 CV Cabriolet de Ville Chassis#: WP0ZZZ99ZWS396005 |
$264,000 | $1,250,000-$1,400,000 | |
|
1937 Peugeot 402 Darl'mat Legere Special Sport Roadster Recreation Chassis#: 688 928 |
$203,500 | $150,000-$250,000 | |
|
1967 Ferrari 275 GTB/4 'Competizione Speciale' Chassis#: 9813 |
$1,485,000 | $1,100,000-$1,600,000 | |
|
1955 Mercedes-Benz 300SL 'Gullwing' Coupe Chassis#: 198 040 4500080 |
$1,171,500 | $950,000-$1,250,000 | |
|
1971 Porsche 917/10 Spyder Can-Am Racing Car Chassis#: 917/10-002 |
Not sold. High bid: $2,750,000 | $2,900,000-$3,500,000 |
|
1967 Mercedes-Benz 280SE Cabriolet 'Low Grille' Factory Prototype Chassis#: 111025-10-000041 |
$220,000 | $150,000-$200,000 |
|
1960 Porsche 356B 1600 Roadster Chassis#: 88653 |
$209,000 | $200,000-$250,000 | |
|
2004 Porsche Carrera GT Chassis#: WPOCA29814L001094 |
Not sold. High bid: $295,000 | $320,000-$360,000 | |
|
1940 Packard Super Eight One-Sixty Convertible Coupe Chassis#: 1803-2002 |
$390,500 no reserve |
$250,000-$350,000 | |
|
1933 Ford V-8 DeLuxe Three-Window Coupe Chassis#: 18-442421 |
$99,000 no reserve |
$90,000-$125,000 |
|
1936 Ford DeLuxe Roadster Chassis#: 18-2441734 |
$88,000 no reserve |
$100,000-$125,000 |
|
1934 Ford DeLuxe Roadster Chassis#: WP0ZZZ99ZWS396005 |
$88,000 | $1,250,000-$1,400,000 | |
|
1947 Mercury Station Wagon Chassis#: 1835043 |
$79,750 no reserve |
$95,000-$135,000 | |
|
1940 Packard Super Eight One-Eighty Darrin Convertible Sedan Chassis#: 1807-2015 |
$341,000 | $250,000-$350,000 | |
|
|
1962 Maserati 3500 GT Chassis#: A.M. 101.1954 |
$137,500 no reserve |
$105,000-$145,000 |
|
1941 Packard One-Ten Deluxe Station Wagon Chassis#: 1463-2073 |
$132,000 no reserve |
$130,000-$160,000 |
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• RM Auctions generates more than $95.7* million in sales, with a strong 89 percent of all lots sold, at its celebrated Monterey, California sale
• 20 cars achieve over $1 million, five of which exceed the $5 million mark
• Two-day sale establishes numerous new auction records, including a new world record for the most expensive American automobile ever sold at auction
• Top-sellers: 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car achieves $11,000,000; 1962 Ferrari 250 GT SWB California Spyder brings $8,580,000
• Full results and exclusive highlights video now available online at rmauctions.com
RM Auctions, the world's largest collector car auction house for investment-quality automobiles, continued its strong track record in Monterey, California, on the weekend, realizing a spectacular $95.7 million in total sales*, with a strong 89 percent of all lots sold.
The impressive results represent the highest individual auction tally in RM's history and, significantly, an almost 20 percent increase on last year's record $80 million Monterey sale, albeit generated by a smaller offering; this year's sale featured an elite, handpicked selection of 120 of the world's finest automobiles compared to 144 motor cars offered at the 2011 sale. Illustrating RM's expertise in the presentation and marketing of blue-chip automobiles at auction, as many as 20 vehicles realized million-dollar-plus results, with five lots achieving individual prices exceeding $5 million, and numerous new auction records set.
'We are absolutely delighted with the results from our Monterey sale, which not only reflect our best performance to date but demonstrate the continued strength of the collector car market and high global demand for investment-quality automobiles,' says Rob Myers, Chairman and Founder, RM Auctions. 'The sale truly captured the attention of the world's elite collectors, and the results once again prove that RM continues to set the standard for collector car auctions with its high-caliber consignments, impeccable presentation, unparalleled client service, and accurate estimates provided by our expert team of car specialists. We look forward to continuing the momentum with our upcoming fall auctions in Hershey, Dallas, and London.'
The event's top seller was a 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, P/1074, achieving a new world record for an American automobile sold at auction with a remarkable sales price of $11,000,000 (pictured above). The first, by serial number, of several lightweight GT40s built for the J.W.A./Gulf team, this exceptional racing car was completed in 1968 and carries an incredible history from new. Finished in the Gulf team colors of Powder Blue with a Marigold stripe, it raced extensively throughout 1968 from Daytona to Le Mans, as well as the Le Mans trials at the hands of Jacky Ickx, before it was sold to Solar Productions in 1970 and used as a camera car in Steve McQueen's Le Mans. Providing one of many thrilling auction moments across the two-day sale, the GT40 spurred a lively bidding war in the room; its world record price earning a standing ovation from the crowd.
Additional lots surpassing the $5 million mark included a magnificent trio of Ferraris, including a hugely desirable 1962 Ferrari 250 GT SWB California Spyder, chassis 3319 GT (pictured), for $8,580,000; an exceptional 1955 Ferrari 410 S Berlinetta, chassis 0594 CM, which set a new world record for a closed Ferrari at $8,250,000; and a coveted 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France', chassis 0585 GT, which fetched $6,710,000. Rounding out the group of $5 million-plus sales, the supremely elegant, Pebble Beach 'Best of Show' winning 1938 Horch 853A Erdmann & Rossi Special Roadster achieved a strong $5,017,000, to set a new world record for an Horch sold at auction.
'The results indicate a particularly strong market for 1950s and 1960s sports and racing cars, with many new records achieved within this category across the Monterey weekend,' adds Shelby Myers, Managing Director, RM California. 'Whether this reflects a change in existing collector tastes is unknown, however it certainly shows that interest in makes such as Ferrari, Aston Martin and other post-World War II sports cars is at an all-time high. It is important to note the trend was not only evident in the multi-million-dollar bracket, but 'best of category' examples across all levels,' Myers adds.
Other notable auction results include:
• a race bred 1960 Aston Martin DB4GT, the fourth DB4GT produced, exceeded its pre-sale estimate, selling for a strong $2,035,000;
• a 1953 Bentley Continental R-Type Fastback Sports Saloon set a new world record for its model, achieving a superb $1,622,500;
• a highly original 1965 Shelby 289 Cobra Mk II, just one lady owner from new, well-surpassed its pre-sale estimate, selling for $792,000;
• a 1974 Ferrari Dino 246 GTS 'Chairs and Flares' attracted fierce bidding, realizing a world record price of $467,500; and
• a perfectly preserved, delivery-mileage 1989 Ferrari Testarossa doubled its pre-sale estimate to enter the history books with a world record price of $264,000.
Reflecting RM's global clientele, the strong results were generated by registered bidders from 25 different countries on the telephone, over the Internet, and assembled in the standing-room-only venue.
RM Auctions' 2012 Monterey Million-Dollar-Plus Sales:
Lot 139 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car $11,000,000
Lot 240A 1962 Ferrari 250 GT SWB California Spyder $8,580,000
Lot 117 1955 Ferrari 410 S Berlinetta $8,250,000
Lot 231 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France' $6,710,000
Lot 133 1938 Horch 853A Special Roadster $5,170,000
Lot 214 1955 Aston Martin DB3S Sports Racing Car $3,685,000
Lot 226 1967 Ford GT40 Mark I $2,860,000
Lot 121 1938 Talbot-Lago T23 Teardrop Coupe $2,640,000
Lot 233 2001 Bentley Speed 8 Le Mans Prototype Racing Car $2,530,000
Lot 228 1960 Aston Martin DB4GT $2,035,000
Lot 229 1929 Duesenberg Model J Disappearing Top Convertible Coupe $1,897,500
Lot 212 1953 Bentley Continental R-Type Fastback Sports Saloon $1,622,500
Lot 239 1967 Ferrari 275 GTB/4 Berlinetta $1,485,000
Lot 249 1967 Ferrari 275 GTB/4 'Competizione Speciale' $1,485,000
Lot 114 1965 Shelby 427 Competition Cobra $1,485,000
Lot 240 1964 Shelby 289 Competition Cobra $1,320,000
Lot 221 1965 Ferrari 275 GTB $1,182,500
Lot 250 1955 Mercedes-Benz 300SL 'Gullwing' Coupe $1,171,500
Lot 140 1998 Mercedes-Benz CLK GTR $1,100,000
Lot 137 2001 Audi R8 Le Mans Prototype Racing Car $1,034,000
In addition to RM's strong auction performance, the company's restoration division, RM Auto Restoration, continued its track record for excellence on the show field at the Pebble Beach Concours on Sunday, with the 1931 Duesenberg J Derham Tourster owned by Joseph and Margie Cassini, of West Orange, New Jersey, judged 'Best in Class' and a 'Best of Show Nominee', and the 1937 Talbot-Lago T150C Figoni & Falaschi Cabriolet, owned by The Patterson Collection in Louisville, Kentucky, also receiving 'Best in Class' honors. In addition, a 1930 Cadillac 452 Fleetwood Roadster, owned by Bob and Brigette Thayer of Atlanta, Georgia, and also restored by RM Auto Restoration, was judged second in its class.
RM Auctions continues its 2012 calendar in Hershey, Pennsylvania, October 11–12, 2012, closely followed by the presentation of The Charlie Thomas Collection, October 20, near Dallas, Texas, and its annual London sale at Battersea Evolution, October 31. For further information on upcoming events, along with complete official results from RM's 2012 Monterey sale, please visit www.rmauctions.com.
About RM Auctions
RM Auctions is the world's largest auction house for quality automobiles. With over three decades of experience in the collector car industry, RM's vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and international footprint, provides an unsurpassed level of service to the global collector car market. RM proudly holds five of the top 10 all-time records for the most expensive motor cars sold at auction. RM's restoration division has achieved unprecedented accolades earning 'Best of Show' honors at the world's top concours events, including four 'Best of Show' awards at the prestigious Pebble Beach Concours d'Elegance. For further information, visit www.rmauctions.com, find us on Facebook or follow us on Twitter @rmauctions
*All figures are reported in U.S. dollars and include the 10 percent buyer's premium
Photo captions:
Top – The record setting 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car sells for $11,000,000 (including buyer's premium) during RM's Friday sales session in Monterey (credit: courtesy RM Auctions)
Second – This superb 1962 Ferrari 250 GT SWB California Spyder leads a host of million-dollar-plus Ferraris at the RM sale in Monterey (credit: Stephen Goodal © 2012 courtesy RM Auctions)




