RM Auctions - Hershey

RM Auctions - Hershey October 2014
C is For Cadillac - $1.1 Million V-16 Roadster Leads RM's Strongest Performance in Hershey

• RM Auctions posts record results in Hershey, with more than $14 million in sales and 93 percent of all lots sold
• Top seller: highlighting the unique A-to-Z Collection, John Moir Jr.'s 1930 Cadillac V-16 Roadster achieves an incredible $1,100,000
• The quality of the Jeffrey Day Collection also shines, bringing strong prices for finely restored Fords
• Full results available online at www.rmauctions.com

HERSHEY, Pennsylvania (October 11, 2014) – RM Auctions, the world's largest collector car auction house for investment-quality automobiles, celebrated the annual AACA Eastern Division Fall Meet this week (October 9 – 10) with its best Hershey performance to date: $14,074,250 in total sales with a very strong 93 percent of all lots sold.

Generated by the sale of 157 vehicles and select memorabilia before a packed auction room, results from the two-day sale were driven by numerous spirited bidding contests both in the room and over the phones. Illustrating RM's international clientele and reflecting the global appeal of the Hershey event, bidders hailed from 17 countries, with more than one quarter representing first-time clientele.

'We're ecstatic about the results achieved at this year's Hershey sale,' says Gord Duff, car specialist, RM Auctions. 'The incredible prices realized demonstrate RM's proven success in presenting exceptional single-vendor collections within our catalogue sales, with both the Cars of John Moir and the Jeffrey Day Collection exceeding expectations. Overall, the results reflect the incredible quality presented, along with our ability to match the right product to the right venue. Hershey has certainly topped off what has been a record-breaking year of catalogue sales for our team.'

Highlighting Thursday evening's sale session, top sale honors went to the 1930 Cadillac V-16 Roadster offered from the Cars of John Moir. Representing the ‘C' in Moir's unique A-to-Z Car Collection, the Cadillac had been in the Moir Family Car Barn since 1933. Proving that the car's unparalleled history, quality and presentation were in high demand, it sold for an incredible $1,100,000 to applause from the crowd, establishing a new auction record for the marque. Offered entirely without reserve, the Cars of John Moir, which also included a special AC Master Class and select family cars in addition to his eclectic alphabet collection, generated fantastic results across the board.

'Selling a family collection is a large emotional challenge,' said Jim Moir, son of John Moir Jr. following the sale. 'It's been a pleasure and an honor to deal with the people at RM Auctions who understand that and who take the care to be emotionally supportive, responsible, and timely, making it a smooth and gratifying experience.'

He added, 'I think the original owner of the V-16 Cadillac, my grandfather, John Moir Sr., would be very proud and very happy.'

Friday night's sale session was headlined by the Jeffrey Day Collection. Attracting strong pre-sale interest, the group of 50 'best of category' vehicles garnered fantastic prices on the podium, led by a highly optioned, and beautifully restored 1956 Ford Fairlane Crown Victoria Skyliner ‘Glass Top', for an outstanding $165,000, a new auction record for the model. Also commanding strong interest was the oldest lot of the sale, an expertly restored 1860 Abbott-Downing Stagecoach. A part of the Day Collection since 1971 and showing an amazing level of finish and detail throughout, the impressive survivor brought $330,000.

Additional highlights included a highly original 1905 FIAT 60 HP Five-Passenger Tourer, originally owned by August Anheuser Busch Sr., for $825,000, and a beautifully restored and well-maintained 1933 Chrysler CL Imperial Dual-Windshield Phaeton for $522,500.

Source: RM Auctions
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