RM Sotheby's and FIA Exceed Expectations with Online Only #RaceAgainstCOVID Auction
June 23, 2020 by RM Sothebys ALL PROCEEDS BENEFITTING THE INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES GLOBAL RESPONSE TO COVID-19
• RM Sotheby's exceeds expectations with Online Only: #RaceAgainstCOVID auction, held on behalf of the Fédération Internationale de l'Automobile (FIA)
• Sales led by a McLaren MP4-24 Show Car donated by McLaren at £66,000
• All proceeds from the auction benefitting the International Federation of Red Cross and Red Crescent Societies (IFRC) global response to COVID-19
• All money raised in the sale will be added to the €1,000,000 already donated by the FIA to fight the pandemic
• Complete results from RM Sotheby's Online Only: #RaceAgainstCOVID sale will be available 23 June on rmsothebys.com
BLENHEIM, Ontario (22 June 2020) –
Today, RM Sotheby's successfully completed its Online Only: #RaceAgainstCOVID auction held on behalf of the Fédération Internationale de l'Automobile (FIA) via the auction house's proprietary Online Only platform. Following tremendous results for the company's Online Only auctions over the last several months, the #RaceAgainstCOVID auction saw 95 collectibles and singular experiences donated by members of the motorsport community close for bidding today, with all proceeds benefit the International Federation of Red Cross and Red Crescent Societies (IFRC) in its fight against the global COVID-19 pandemic. All money raised in the sale will be added to the €1,000,000 already donated by the FIA to fight the pandemic.
The charitable auction saw considerable pre-sale interest, with close to 400,000 total page views in the build up to the sale commencing, and, subsequently, attracted more than 400 registered bidders from no less than 43 countries, 69 percent of which were first-time clientele. Nearly 47 percent of high bids exceeded pre-sale estimates on lots, including a McLaren MP4-24 Show Car, kindly donated by McLaren and created to promote the team's Formula 1 car for the 2009 World Championship. Following a flurry of last-minute bids, the show car claimed the top sale slot at £66,000. Following behind the McLaren, an Eau Rouge, 2019 bronze statue of one of Formula 1's greatest ever drivers, Ayrton Senna, designed and donated by sculptor Paul Oz, surpassed its high pre-sale estimate of £25,000 and achieved £48,000. Rounding out the top three, a helmet and racing suit put forward by Damon Hill and used during the 1995 Formula 1 season, in which he won the Australian Grand Prix, saw strong interest from the moment bidding opened on the Online Only auction a week earlier and brought a final £39,600 (est. £5/7k).
Additional auction highlights include the Race of Champions Buggy raced by Michael Schumacher and Sebastian Vettel in the 2012 ROC events in Dusseldorf and Bangkok, donated by Fredrik Johnsson and the ROC, which achieved £36,000; a racing suit, gloves, and boots, signed by the reigning, six-time F1 world champion, Lewis Hamilton and donated by Mercedes-AMG Petronas F1, at £31,200 (est. £7/9k); the racing suit worn by Charles Leclerc at the 2019 Belgian Grand Prix weekend in Spa-Francorchamps, donated by Scuderia Ferrari, at £30,000 (est. £5/7k); and a Lamborghini Huracán Performante Development Model, 2016 donated by Lamborghini, which more than doubled its pre-sale estimate at £30,000.
Results are listed in POUNDS and include buyer's premium.
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