RM Sotheby's Raises the Bar with Record-Breaking $60 Million Amelia Island Sale

March 16, 2015 by RM Sotheby

• RM Sotheby's Amelia Island, Florida sale posts an outstanding $60,328,550, the highest result achieved in Amelia Island Concours d'Elegance week history

• Star of the sale: 1960 Ferrari 400 Superamerica SWB Cabriolet achieves $6,380,000, the most valuable automobile sold during the 2015 Amelia Island week, with proceeds to benefit the education of children

• Numerous world records set, with notable prices achieved for a number of late model and emerging collectibles

• Full results available online at www.rmauctions.com

• RM Sotheby's continues its 2015 calendar with the presentation of the Andrews Collection, May 2 in Fort Worth, Texas and its biennial Villa Erba sale, May 23 on Lake Como, Italy

AMELIA ISLAND, Florida (March 15, 2015) – RM Sotheby's, the official auction house of the Amelia Island Concours d'Elegance, is delighted to announce spectacular results for its 17th annual Amelia Island sale. The auction, which represented the first RM Sotheby's event since RM Auctions and Sotheby's formed a strategic partnership in February, achieved total sales of $60,328,550, besting the company's record 2014 Amelia Island performance by 67 percent.

This result represents not only the highest total ever for a sale held during the Amelia Island week, but also exceeds the combined total of all other auctions this week, reaffirming RM Sotheby's clear market leadership. The incredible 98 percent sell-through rate, which includes 13 individual million-dollar-plus results, is a testament to RM's reputation for offering best-of-category automobiles.

Taking top sale honors of the day and of the entire Amelia Island Concours d'Elegance week was the 1960 Ferrari 400 Superamerica SWB Cabriolet, chassis no. 1945 SA, achieving a very strong $6,380,000 to comfortably set a new world record for the model at auction. Significantly, proceeds from car's sale will benefit the consignor's charity for the education of children.

'We were thrilled to present as significant a car as the 400 Superamerica here at Amelia Island', said Gord Duff, Car Specialist, RM Sotheby's. 'Both the importance of the car and the success of RM Sotheby's international team in uniting collectors with the world's finest automobiles is reflected in its result. The outstanding sale total is a sign of the ever-expanding market for blue-chip collector cars, with bidders hailing from no fewer than 22 countries, of which 22 percent were new to RM Sotheby's.'

Providing further proof of Ferrari's domination at the top of the market, additional lots garnering strong prices included the genuine 1972 Ferrari 365 GTB/4 Daytona Spider, realizing $3,300,000; a 1972 Ferrari 365 GTC/4, bringing a record $495,000, and the time warp 1971 Ferrari 365 GTB/4 Daytona Berlinetta, dubbed 'the Condo Find', achieving a fantastic $770,000.

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Some of the most electric moments of the auction were brought about by the record sales of late model and emerging collectibles. Notable highlights included the exceedingly rare, six-speed manual 2007 Ferrari 599 GTB, which nearly tripled its pre-sale estimate at $682,000, smashing the previous auction record for the model. A pair of Ferrari 512 models also exceeded expectations, with the 1995 F512 M selling for $462,000 and the 1980 512 BB garnering $418,000.

Ferrari wasn't the only high performing marque of the sale, with prices for fantastic Porsche 911s continuing to rise. Amongst numerous examples, a 1973 911 Carrera RS 2.7 Touring sold for $891,000, a 1988 911 Turbo 'Slant Nose' Cabriolet for $363,000, and a 1979 911 Turbo brought $253,000. Japanese collectibles also continue to make waves in the collector car market, with the much-talked-about 1970 Nissan Fairlady Z 432 surpassing its estimate to bring a record-breaking $253,000.

Demonstrating the diversity of the offering and RM Sotheby's expertise across all segments of the market, additional top lots included elegant coachbuilt classics, racing greats of both the Pre-war and modern periods, and highly desirable sports cars of the 1950s, 60s, and 70s.

RM Sotheby's – Amelia Island Million-Dollar-Plus Sales:

145 1960 Ferrari 400 Superamerica SWB Cabriolet (Chassis 1945 SA) $6,380,000.00

135 1955 Jaguar D-Type (Chassis XKD 530) $3,675,000.00

183 1972 Ferrari 365 GTB/4 Daytona Spider (Chassis 15417) $3,300,000.00

138 1935 Mercedes-Benz 500/540 K Cabriolet A (Chassis 105384) $3,025,000.00

165 1931 Alfa Romeo 6C 1750 Gran Sport Spider (Chassis 10814313) $2,420,000.00

186 1938 Bugatti Type 57C Aravis Cabriolet (Chassis 57710) $2,337,500.00

152 1971 Lamborghini Miura SV (Chassis 4884) $2,310,000.00

160 1988 Jaguar XJR-9 (Chassis TWR-J12C-388) $2,145,000.00

154 1967 Shelby 427 'Semi-Competition' Cobra (Chassis CSX 3045) $2,117,500.00

180 1953 Ferrari 212 Europa Coupe (Chassis 0287 EU) $1,550,000.00

136 1930 Duesenberg Model J 'Sweep Panel' Dual-Cowl Phaeton (Chassis 2336) $1,155,000.00

142 1956 Mercedes-Benz 300 Sc Cabriolet (Chassis 188.013.6500077) $1,100,000.00

167 1955 Austin-Healey 100S (Chassis AHS-3504) $1,012,000.00

RM Sotheby's continues its 2015 calendar in Fort Worth, Texas, May 2 with the presentation of the Andrews Collection. The most significant private car collection ever offered at a single-vendor sale, the Andrews Collection auction will present 78 of the world's finest automobiles along with an eclectic assortment of memorabilia. Later that month (May 23), RM Sotheby's returns to Lake Como, Italy, for its biennial sale during the celebrated Concorso d'Eleganza Villa d'Este.

To view full results from RM Sotheby's Amelia Island sale or for additional information on upcoming events, please visit www.rmauctions.com or call +1 519 352 4575.

About RM Sotheby's

RM Sotheby's (formerly RM Auctions) is the world's largest auction house for investment-quality automobiles. With 35 years' experience in the collector car industry, RM's vertically integrated range of services, from private treaty sales and auctions to estate planning, and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds four of the top ten all-time records for the most valuable motor cars sold at auction. In February 2015, RM formed a strategic partnership with Sotheby's, uniting the two companies for the full calendar of future automobile auctions. For further information, visit www.rmauctions.com.

Photo captions:

Top: Top-seller: 1960 Ferrari 400 Superamerica SWB Cabriolet brings $6,380,000 to set a new auction record for the model and become the most valuable car sold during the 2015 Amelia Island week (credit: Darin Schnabel © 2015 courtesy RM Sotheby's)

Second: Interested bidders view cars on the Ocean Front Lawn at RM Sotheby's 2015 Amelia Island Preview (credit: Darin Schnabel © 2015 courtesy RM Sotheby's)

Third: The six-speed manual 2007 Ferrari 599 GTB crosses the auction podium to roars from the crowd as it reaches a record price of $682,000, nearly tripling its pre-sale estimate (credit: Darin Schnabel © 2015 courtesy RM Sotheby's)