Pair Of Majestic Duesenbergs Top RM's $10.7 Million Hershey Sale

Company press release.

• RM Auctions generates $10.7 million in sales with 95 percent of all lots sold at its Hershey, Pennsylvania auction

• Top sales honors go to a pair of historic Duesenbergs from the distinguished Ray Bowersox Collection

• Pair of Packards – one magnificently restored and one in unmolested, original condition – also attract significant interest, well-exceeding pre-sale estimates

• Auction draws international audience, with bidders representing 17 countries around the world

• RM continues its busy fall calendar of events October 20 with the Charlie Thomas Collection in Dallas, Texas, closely followed by the company's central London sale, October 31

RM Auctions, the world's largest collector car auction house for investment-quality automobiles, continued its strong track record in Hershey, Pennsylvania last week (October 11–12), generating more than $10.7 million in total sales with a remarkable 95 percent of all lots sold at its annual sale held during the AACA Eastern Regional Fall Meet.

Highlighted by a magnificent series of Brass and Classic Era automobiles, the two-day sale saw approximately 120 automobiles, joined by a selection of vintage motorcycles and memorabilia, cross the auction podium before a packed house. The standing-room only audience was joined by bidders on the phone and via the Internet, resulting in numerous, spirited bidding wars. Reflecting RM's international clientele, bidders hailed from 17 countries around the world, including as far away as Germany, Israel, and New Zealand.

'We are very pleased with the results and strong global interest received in this year's Hershey sale,' says Rob Myers, Chairman & Founder, RM Auctions. 'With many lots offered fresh to the market, collectors recognized the wide range of exclusive ownership opportunities the sale presented, as illustrated by strong bidder registrations and numerous, lively bidding contests. Almost 25 percent of bidders represented first time clientele, with bidder registrations well-surpassing levels enjoyed at our 2011 sale. We look forward to continuing the momentum at our upcoming Charlie Thomas and London auctions later this month.'

American classics were the toast of RM's 2012 Hershey auction, with a pair of majestic Duesenbergs, each offered fresh to the market from the distinguished Ray Bowersox Collection, claiming top sales honors. Rolling onto the stage to great applause from the crowd, the star lot of the weekend, an exceptional 1931 Duesenberg Model J Dual Windshield 'Barrelside' Phaeton by LeBaron, J299, attracted spirited bidding in the room and on the phones, eventually selling for an impressive $1,292,500. One of just seven examples built and of six known survivors, the famous J299—an esteemed part of the Bowersox Collection since 1985—was the winner of the epic 1932 'celebrity' race at Lake Muroc against the Marx brothers' Mercedes-Benz, a spectacular provenance pronounced as being almost as 'valuable as the car itself' by auctioneer Max Girardo. Also from the Bowersox Collection, and garnering strong interest from collectors, was a supremely elegant 1929 Duesenberg Model J Sport Sedan, J139, with coachwork by the Walter M. Murphy Company. Offered for the first time since 1979, the handsome Model J, one of only two sporting examples, realized $792,000.

Additional sale highlights included a pair of Packards, which drew enthusiastic bidding to achieve strong auction prices and illustrated continued demand for both restored and unrestored automobiles. Magnificently presented, a luxurious, concours-quality 1933 Packard Twelve Convertible Coupe, the recipient of a recent 100-point restoration, exceeded its pre-sale estimate to bring $451,000. In contrast to the magnificently restored vehicle, another Packard from the same model year—an outstanding, original 1933 Packard Twelve Convertible Coupe—sparked one of the sale's most intense and exciting bidding wars, selling for an extraordinary $357,500, more than double its pre-sale estimate. Also well-exceeding its pre-sale estimate was a magnificently ornate 1894 Silsby Fourth Size Horse-Drawn Steam Pumper, which sold for $396,000

RM Hershey Top Five Sales:

1. 1931 Duesenberg Model J Dual Windshield 'Barrelside' Phaeton - $1,292,500

2. 1929 Duesenberg Model J Sport Sedan - $792,000

3. 1933 Packard Twelve Convertible Coupe - $451,000

4. 1894 Silsby Fourth Size Horse-Drawn Steam Pumper - $396,000

5. 1933 Packard Twelve Convertible Victoria - $357,500

RM continues its busy fall calendar of events with the presentation of the respected Charlie Thomas Collection near Dallas, Texas, October 20. Continuing RM's reputation as the specialist for private and estate collection sales, the single-day, single-vendor auction later this week will present 175 quality collector cars without reserve, selling to the highest bidder. RM will then conclude the month with its highly anticipated central London sale, October 31, with a spectacular roster of 90 automobiles and two motorcycles poised to go under the gavel at Battersea Evolution.

Further information on the Charlie Thomas Collection and London sales, including complete digital catalogues, along with full results from last week's Hershey sale, are available online at rmauctions.com.

Photo captions:
Top: 1931 Duesenberg Model J Dual Windshield 'Barrelside' Phaeton and 1929 Duesenberg Model J Sport Sedan, photo credit 2012 (c) Eugene Robertson courtesy of RM Auctions
Second: 1933 Packard Twelve Convertible Coupe and 1933 Packard Twelve Convertible Victoria, photo credit 2012 (c) Eugene Robertson courtesy of RM Auctions

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	Vehicle	Sold	Estimated Sale Value	Average
	1954 Ihle Schottenring Car	$12,650	$10,000-$15,000	N/A
	1930 Ford Model A Deluxe Roadster	$26,400	$30,000-$40,000	$24,149*
	1949 Kaiser Deluxe Convertible Chassis#: K-492-030631	$57,200	$55,000-$65,000	N/A
	1940 Lincoln-Zephyr Continental Cabriolet Chassis#: 06H-56-148	$40,700 no reserve	$60,000-$80,000	$61,543*
	1934 DeSoto Airflow Coupe Chassis#: 6078798	$55,000	$55,000-$65,000	$67,218*
Sales History	RM-Automobiles of Arizona 2012	$52,250	$50,000-$75,000
	Bonhams - Quail Lodge Auction 2013	$82,500
	1940 Ford DeLuxe Station Wagon Chassis#: 18-5665718	$57,200 no reserve	$70,000-$90,000	$51,888*
	1942 Cadillac Series 62 Convertible Coupe Chassis#: 8384150	$64,000	$65,000-$75,000	$60,594*
	1953 Packard Caribbean Convertible	$57,200 no reserve	$70,000-$90,000	$71,328*
	1935 Auburn 653 Convertible Sedan Chassis#: 1937H	$72,500	$80,000-$100,000	$57,101*
	1960 MGA 1600 Mk1 Roadster Chassis#: GHNL 77471	$24,200 no reserve	$25,000-$35,000	$29,944*
	1957 Ford Thunderbird Convertible Resto-Mod Chassis#: 11D7FH232581	$37,000	$35,000-$45,000	$50,280*
	1912 Ford Model T Delivery Car	$52,800	$60,000-$70,000	$27,823*
	1931 Ford Model A Roadster Pickup Truck Chassis#: A10922	$31,900 no reserve	$35,000-$45,000	$24,937*
	1930 Packard Eight Phaeton Chassis#: 278728	$88,000	$90,000-$120,000	$67,088*
	1941 Graham Custom Hollywood Supercharged Sedan Chassis#: 700613	$41,800 no reserve	$70,000-$90,000	$41,532*
	1955 Studebaker President Speedster Coupe Chassis#: 7160496	$68,750 no reserve	$60,000-$80,000	$30,719*
	1950 Frazer Manhattan Sedan Chassis#: K-502-033514	$49,500 no reserve	$40,000-$50,000	$49,500*
	1964 Studebaker Commander Four-Door Sedan Chassis#: 64S8353	$13,200 no reserve	$20,000-$30,000	$5,756*
	1949 Crosley Super Hot Shot Roadster	$19,250 no reserve	$20,000-$30,000	$18,467*
	1949 Crosley Super Hot Shot Roadster	$19,250 no reserve	$20,000-$30,000	$18,467*
	1963 Studebaker Gran Turismo Hawk Chassis#: 63V-24793	$20,900 no reserve	$25,000-$35,000	$15,496*
	1963 Studebaker Gran Turismo Hawk Chassis#: 63V-24793	$20,900 no reserve	$25,000-$35,000	$15,496*
	1951 Frazer Manhattan Sedan Chassis#: F-516-B001168	$37,400 no reserve	$40,000-$50,000	$40,713*
	1966 Studebaker Daytona Sport Sedan	$10,450 no reserve	$10,000-$12,000	N/A
	1909 Ford Model T Touring Chassis#: 25317	$49,500 no reserve	$45,000-$55,000	$59,074*
	1914 Packard 1-38 Runabout Chassis#: 38878	$370,000	$425,000-$550,000	$337,931*
	1914 Jeffery Four Five-Passenger Touring Chassis#: 40674	$40,700	$30,000-$40,000	$46,475*
	1929 Ford Model A Phaeton Chassis#: A2329470	$30,250 no reserve	$20,000-$30,000	$22,845*
	1909 Buick Model F Five-Passenger Phaeton Chassis#: 13545	$55,000 no reserve	$50,000-$7,500	$48,400*
	1936 Ford DeLuxe Phaeton Chassis#: 18-2350980	$39,600 no reserve	$60,000-$70,000	$51,250*
	1929 LaSalle Four-Passenger Phaeton Chassis#: 407340	$52,250 no reserve	$90,000-$110,000	$57,803*
	1913 Simplex 38 HP Five-Passenger Touring by Holbrook Chassis#: 1326	$214,500 no reserve	$200,000-$240,000	$214,500*
	1910 White Model G-A Five-Passenger Touring Chassis#: 2733W HITE	$66,000 no reserve	$90,000-$110,000	$45,165*
	1931 Buick Series 90 Seven-Passenger Phaeton Chassis#: 2530160	$67,100 no reserve	$65,000-$85,000	$105,486*
	1909 Pierce-Arrow 36 HP Three-Passenger Runabout Chassis#: UU149	$192,500 no reserve	$250,000-$350,000	$192,500*
	1894 Silsby Fourth Size Horse-Drawn Steam Pumper	$396,000	$250,000-$350,000	N/A
	1867 Gibbs & Gordon Soda Ash Chemical Kettle Hand Pumper	$26,400 no reserve	$12,000-$18,000	N/A
	1868 Button Pumpable Handtub 'Columbian' Fire Engine	$115,500	$60,000-$90,000	N/A
	1955 Chrysler C-300 Coupe Chassis#: 3N552088	$68,750 no reserve	$95,000-$125,000	$65,464*
Sales History	Russo and Steele - Scottsdale 2012
	Bonhams - Quail Lodge Sale 2012	$57,500
	1932 Ford V-8 Convertible Victoria by Drauz Karosserie Chassis#: 18-71738	$154,000	$150,000-$200,000	$126,076*
	1947 Bentley Mark VI Sports Saloon by James Young, Ltd. Chassis#: B-362-BH	$24,200 no reserve	$50,000-$70,000	$267,688*
	1933 Cadillac Twelve Limousine	$41,250 no reserve	$45,000-$60,000	$74,141*
	1930 Packard 745 Deluxe Eight Seven-Passenger Touring Chassis#: 185871	$160,000	$175,000-$225,000	$222,612*
	1948 Lincoln Continental Cabriolet Chassis#: 8H181133	$55,000 no reserve	$60,000-$80,000	$36,132*
	1937 Cadillac Twelve Formal Sedan by Fleetwood	$52,000	$90,000-$115,000	$52,180*
	1933 Packard Twelve Convertible Sedan Chassis#: 901383	$151,250	$150,000-$200,000	$309,933*
	1909 Packard Model 18 Touring	$132,000	$125,000-$150,000	$137,567*
	1906 American Tourist Roi des Belges Touring	$110,000	$175,000-$250,000	$282,833*
	1937 Packard Twelve Seven-Passenger Limousine Chassis#: 1039-309	$49,500	$75,000-$125,000	$145,407*
	1929 Essex ‘The Challenger' Boattail Speedabout Chassis#: 1059468	$88,000 no reserve	$90,000-$110,000	$44,797*
Sales History	Vintage Motor Cars at Meadow Brook Hall 2005	$79,200	$75,000-$100,000
	RM Auctions - Vintage Motor Cars of Meadow Brook 2010	$66,000	$60,000-$80,000
	RM Sothebys : The Hershey Auction 2022	$63,250	$90,000-$110,000
	1903 Ford Model A Rear Entry Tonneau Chassis#: 30	$264,000	$300,000-$500,000	$199,397*
Sales History	Vintage Motor Cars in Arizona 2007	$693,000
	RM Auctions - Sports & Classics of Monterey 2010		$600,000-$800,000
	1903 Ford Model A Rear Entry Tonneau Chassis#: 30	$264,000	$300,000-$500,000	N/A
	1933 Packard Twelve Convertible Victoria Chassis#: 901136	$357,500 no reserve	$150,000-$200,000	$309,933*
Sales History	RM Auctions : Amelia Island 2017	$522,500	$475,000-$550,000
	1953 Cadillac Eldorado Convertible Coupe Chassis#: 536254818	$187,000	$200,000-$250,000	$100,224*
	1940 Chevrolet Special DeLuxe Convertible Coupe Chassis#: 14KA0434521	$46,750 no reserve	$55,000-$65,000	$24,074*
	1948 Packard Standard Eight Station Sedan Chassis#: 22934414	$60,500	$65,000-$75,000	$34,056*
	1904 South Bend Surrey Chassis#: MVIN178034IND	$67,500	$110,000-$140,000	N/A
	1933 Ford V-8 DeLuxe Station Wagon Chassis#: 311632	$69,300 no reserve	$90,000-$120,000	$53,347*
	1957 Ford Thunderbird Convertible Chassis#: D7FH183509	$38,500 no reserve	$40,000-$50,000	$50,280*
	1949 Pontiac Streamliner Sedan Delivery Chassis#: P6RS13303	$49,500	$55,000-$65,000	N/A
	1970 Fiat 500 Chassis#: 2394267	$23,100 no reserve	$25,000-$35,000	$14,333*
	1951 Crosley Super Station Wagon Chassis#: CD 302377	$13,750 no reserve	$15,000-$20,000	$13,356*
	1963 Volkswagen Beetle Convertible Chassis#: 5043268	$24,750 no reserve	$25,000-$35,000	$20,679*
	1946 John Deere Model A Farm Tractor	$9,900 no reserve	$5,000-$8,000	N/A
	1949 McCormick-Farmall Super A Farm Tractor	$15,950 no reserve	$7,500-$10,000	N/A
	1949 Mack Series L Single Axle Truck	$33,000 no reserve	$30,000-$50,000	N/A
	1947 Diamond T Model 201 Pickup Truck Chassis#: 2014201	$49,500 no reserve	$30,000-$50,000	N/A
	1965 Ford Mustang 289 ‘K-Code' Convertible Chassis#: 5F08K758081	$49,500 no reserve	$40,000-$60,000	$32,440*
	1936 Ford Cabriolet Chassis#: 183090500	$68,750 no reserve	$60,000-$80,000	$51,250*
	1925 Ford Model T 'Snow Flyer' Coupe Chassis#: 11411519	$30,250 no reserve	$30,000-$40,000	$15,100*
	1906 Pope-Waverly Electric Runabout Chassis#: X100	$60,500	$60,000-$80,000	N/A
	1928 Studebaker Commander Regal Rumble Seat Roadster Chassis#: 22784	$49,500	$25,000-$35,000	$49,500*
	1939 Chrysler Imperial Sedan Chassis#: 6748427	$22,000 no reserve	$40,000-$60,000	$69,876*
	1902 Northern Runabout Chassis#: 1476	$66,000 no reserve	$70,000-$90,000	N/A
	1939 Ford V-8 DeLuxe Convertible Sedan	$51,700 no reserve	$80,000-$120,000	$51,852*
	1909 Stanley Model R Roadster Chassis#: 4896	$121,000 no reserve	$150,000-$180,000	$112,750*
	1912 Baker Electric Model W Runabout Chassis#: 2245	$85,250 no reserve	$180,000-$210,000	$116,875*
	1929 Ford Model AA ¾-Ton Good Humor Ice Cream Truck Chassis#: AA1330479	$38,500 no reserve	$30,000-$40,000	$41,471*
	1932 Lincoln Model KA 2/4-Passenger Coupe	$79,750 no reserve	$90,000-$110,000	$70,954*
	1948 Chrysler Town & Country Sedan Chassis#: 71003849	$60,000	$85,000-$100,000	$99,729*
	1910 Metz Two Runabout Chassis#: 6150	$49,500 no reserve	$50,000-$60,000	N/A
	1933 Packard Super Eight Model 1004 5/7-Passenger Touring Chassis#: 750634	$154,000	$130,000-$170,000	$176,697*
	1970 Mercedes-Benz 600 SWB Sedan Chassis#: 10001212001626	$74,250 no reserve	$80,000-$110,000	$115,617*
	1961 Jaguar E-Type Series I 3.8-Liter Roadster Chassis#: 875769	$96,250 no reserve	$95,000-$115,000	$217,896*
	1931 Duesenberg Model J Dual Windshield ‘Barrelside' Phaeton by LeBaron Chassis#: 2318	$1,292,500	$1,200,000-$1,500,000	$1,045,602*
	1937 Packard Six Rumble Seat Convertible Coupe Chassis#: 1089-1528	$44,000 no reserve	$50,000-$75,000	$41,983*
	1919 Renault Type EU Torpedo	$49,500	$50,000-$50,000	N/A
	1925 Hacker-Craft 26' Triple Cockpit Runabout 'Dolphin'	Not sold. High bid: $95,000	$150,000-$200,000	N/A
	1936 Auburn 852SC Cabriolet Chassis#: 35872F	$137,500 no reserve	$100,000-$125,000	$199,841*
Sales History	Vintage Motor Cars of Hershey by RM Auctions 2008	$104,500	$100,000-$125,000
	Vintage Motor Cars and Boats at the Houston Classic 2004	$67,100	$65,000-$85,000
	1937 Packard 120 Club Sedan Chassis#: 1092-29471	$49,500	$50,000-$60,000	$60,530*
	1918 Roamer Four-Passenger Sport Touring Chassis#: 22960	$93,500 no reserve	$70,000-$90,000	$80,863*
Sales History	Vintage Motor Cars of Hershey by RM Auctions 2009	$68,750	$75,000-$100,000
	RM Sothebys : Arizona 2016	$66,000	$90,000-$110,000
	RM Sothebys : Amelia Island Auction 2020	$95,200	$75,000-$100,000
	1963 Ford Galaxie 500XL Sunliner ‘R-Code' Convertible Chassis#: 3G69R166000	$88,000	$75,000-$95,000	$43,030*
	1951 Mercury Monterey Coupe Chassis#: 51LA32971M	$24,750 no reserve	$35,000-$50,000	$48,703*
	1938 Packard Twelve All-Weather Collapsible Cabriolet by Brunn	$137,500	$200,000-$250,000	$166,605*
	1932 Ford V-8 DeLuxe Roadster Chassis#: 18-124296	$85,250 no reserve	$90,000-$110,000	$57,345*
	1906 Columbus Model 1000 Electric Stanhope Chassis#: 60	$52,250	$40,000-$60,000	N/A
	1931 Dodge 21'6' Split Cockpit Runabout 'Elgin'	$143,000	$125,000-$175,000	N/A
	1931 Stutz SV-16 Cabriolet Chassis#: MB461325	$154,000	$140,000-$180,000	$135,738*
Sales History	RM Sotheby's Hershey Auction 2015	$143,000	$140,000-$180,000
	1929 Duesenberg Model J Sport Sedan by Walter M. Murphy Co. Chassis#: 2163	$792,000	$700,000-$900,000	$1,578,456*
	1899 De Dion-Bouton 2¼ HP Tricycle	$71,500 no reserve	$80,000-$100,000	N/A
	1900 Milwaukee Steam Runabout Chassis#: 33	$44,000	$20,000-$40,000	N/A
	1915 Peerless 48 HP Seven-Passenger Touring Chassis#: 152023	Not sold. High bid: $215,000	$275,000-$350,000	N/A
	1966 Lincoln Continental Four-Door Convertible Chassis#: 6Y86G424971	$41,250 no reserve	$50,000-$75,000	$24,579*
	1962 Imperial Crown Convertible Chassis#: 9223115440	$63,250	High Value: $90,000	$30,795*
	1929 Ford Model A Tudor Sedan Chassis#: CA96634	$17,600	$20,000-$25,000	$22,845*
	1920 Premier Model 6-D Seven-Passenger Touring Chassis#: 5345	$63,250	$30,000-$50,000	N/A
	1933 Packard Twelve Convertible Coupe Chassis#: 901027	$451,000	$325,000-$375,000	$1,058,827*
	1957 Lincoln Premiere Convertible Chassis#: 57WA39176L	$33,000 no reserve	$40,000-$50,000	$31,677*
	1928 Packard 443 Standard Eight Five-Passenger Club Sedan Chassis#: 230939	$33,000 no reserve	$45,000-$55,000	$81,525*
	1915 Stanley Model 820 Mountain Wagon Chassis#: 15055	Not sold. High bid: $180,000	$200,000-$250,000	$209,000*
Sales History	RM Auctions - Hershey 2014	$209,000	$200,000-$250,000
	1940 Plymouth DeLuxe Business Coupe Chassis#: 11031209	$13,200 no reserve	$18,000-$25,000	$29,033*
	1948 Buick Roadmaster Sedan Chassis#: 44974550	$46,750 no reserve	$35,000-$45,000	$42,145*
	1923 American LaFrance Speedster Chassis#: 5022	$66,000 no reserve	$50,000-$60,000	N/A
	1951 Ford Custom DeLuxe Convertible Chassis#: B1DA245265	$37,400 no reserve	$30,000-$40,000	$31,088*
	1967 Austin-Healey 3000 BJ8 Mark III Convertible Chassis#: 5345	$44,000	$30,000-$50,000	$71,483*
	1918 Chevrolet D-Series V-8 Touring Chassis#: 25194	$46,200	$35,000-$45,000	$32,175*
	1962 Mercedes-Benz 220 SEb Cabriolet Conversion Chassis#: 1102110011487	$44,000	$40,000-$50,000	$45,835*
	1954 Messerschmitt KR175 Chassis#: 08125	$41,250	$35,000-$45,000	N/A
	1934 MG PA Police Roadster Chassis#: PA 0441	$49,500 no reserve	$32,000-$38,000	$34,447*
	1934 Ford V-8 Closed Cab Pickup Truck Chassis#: 18-710204	$22,000 no reserve	$30,000-$40,000	N/A
	1949 GMC 150 ¾-Ton Pickup Truck Chassis#: FC152 10770	$30,250 no reserve	$28,000-$38,000	N/A

* - average sale at auction based on historical auction sales data.

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