Duesenberg Model SJ Sells For $4.51 Million and Records Tumble At RM'S Amelia Island Sale
Company press release.
• RM Auctions continues strong track record at Amelia Island, Florida posting more than $26.8 million in sales with 92 percent of all lots sold
• Top seller: stunning 1935 Duesenberg Model SJ Walker-LaGrande Convertible Coupe realizes a spectacular $4,510,000 to claim the title as the most valuable automobile sold during this year's Amelia Island weekend
• Five lots achieve individual million-dollar-plus results
• Packed auction room sees bidders hail from 14 countries around the world
AMELIA ISLAND, Florida (11 March, 2013) – RM Auctions, the official auction house of the Amelia Island Concours d'Elegance, continued its run of fantastic 2013 results this past weekend with a highly successful Amelia Island, Florida sale which saw records tumble and more than $26.8 million* grossed with over 92 percent of all lots sold.
Celebrating its 15th year in 2013, the well-established auction saw an incredible roster of more than 85 blue-chip automobiles presented before a truly international audience of bidders. The sale's 'star car', the beautiful 1935 Duesenberg Model SJ Walker-LaGrande Convertible Coupe, one of only three produced and the only supercharged example, attracted immense interest, selling for an outstanding $4,510,000 to firmly establish itself as the top seller of the day and this year's Amelia Island weekend.
The second highest performer was the simply lovely 1933 Stutz DV32 Convertible Victoria, the recipient of a spectacular, class-winning restoration, which attracted spirited bidding in the room and on the phones, eventually selling for $1,512,500. The final sales price represented double the car's pre-sale estimate and a new marque record for a Stutz sold at auction.
Gord Duff, Car Specialist, RM Auctions said: 'Our Amelia Island auction is always a highlight of our global calendar, and this year's sale was another incredible success for RM. The results achieved for the Duesenberg and the Stutz in particular illustrate that great cars are continuing to attract great prices at auction. We look forward to continuing the momentum at our upcoming Don Davis and Lake Como sales.'
Results from RM's Amelia Island sale also highlight the sustained strong performance of Ferrari's in the market, with V-12 powered, front-engined cars of the 1960s continuing to be in huge demand. The matching numbers 1965 Ferrari 275 GTB, chassis 07751, stunning in classic Ferrari red and having been in single ownership for 37 years, was the third highest selling lot of the auction, realizing a strong $1,375,000. Further reinforcing the demand for the finest examples from Italy's most iconic sports car maker was the 1952 Ferrari 225 Sport Berlinetta 'Tuboscocca', chassis 0168ED, a terrific example of one of Ferrari's early race cars and one of only six made in period. The recipient of a fresh mechanical and cosmetic refurbishment and boasting a well-documented history, it found a new home for $1,237,500.
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Wrapping up the list of cars achieving million-dollar-plus results at the March 9 sale was the imposing and very rare 1911 Lozier Model 51 Seven-Passenger Touring. One of the mightiest Brass Era touring cars, the Lozier attracted enormous interest, eventually selling for a remarkable $1,100,000 to become another lot to sell for more than twice its pre-sale estimate. Two additional lots worthy of special mention were a rare early production 1955 Mercedes-Benz 190SL Roadster, a car restored to the highest standards and boasting a double set of fitted luggage, which garnered a final sales price of $220,000, establishing a new world auction record in the process. The other record-breaking lot was the 1966 Aston Martin DB6 Vantage, also a recipient of a world-class restoration and particularly spectacular in its 'Black Pearl' paintwork and caramel tan interior, which achieved $489,500, to equal the highest sum ever paid for a DB6 Vantage at auction. RM Amelia Island Top 10 Sales: 1. 1935 Duesenberg Model SJ Convertible Coupe $4,510,000 2. 1933 Stutz DV32 Convertible Victoria $1,512,500 3. 1965 Ferrari 275 GTB $1,375,000 4. 1952 Ferrari 225 Sport Berlinetta 'Tuboscocca' $1,237,500 5. 1911 Lozier Model 51 Seven-Passenger Touring $1,100,000 6. 1930 Cord L-29 Sport Cabriolet $990,000 7. 1966 Shelby 427 Cobra $836,000 8. 1931 Duesenberg Model J Tourer $825,000 9. 1958 Merceds-Benz 300SL Roadster $792,000 10.1930 Stutz SV16 Monte Carlo $550,000 RM continues its 2013 auction season with the presentation of the Don Davis Collection, April 27 in Fort Worth, Texas, closely followed by a triumphant return to Lake Como, Italy, May 25 for its biennial sale held during the Concorso d'Eleganza Villa d'Este weekend. For further information on upcoming events, or to view full results from RM's Amelia Island sale, visit rmauctions.com. About RM Auctions RM Auctions is the world's largest auction house for antique 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 an international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top ten 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 the Amelia Island Concours d'Elegance. For further information, visit rmauctions.com, find us on Facebook, or follow us on Twitter @rmauctions. *Results are listed in USD and are inclusive of 10 percent buyer's premium for vehicles and 15 percent for memorabilia. **Photo caption: Top-seller: 1935 Duesenberg Model SJ Walker-LaGrande Convertible Coupe (credit: Darin Schnabel © 2013 courtesy RM Auctions)
