RM Auctions - Sports & Classics of Monterey

RM Auctions - Sports & Classics of Monterey September 2010
RM Auctions and RM Auto Restoration both experienced great success at the Monterey Automotive Week with the Sports & Classics of Monterey auction and the Pebble Beach Concours d'Elegance. At the auction an impressive 95% sell-through rate was achieved, while on the show field the top honors were given to a 1933 Delage D8S Roadster by De Villars restored by RM Auto Restoration.

At Sports & Classics of Monterey, top-sellers included an exquisite 1938 Talbot-Lago T150-C Lago Speciale with coachwork by Figoni et Falaschi and an exceptional 1954 Ferrari 375 MM Berlinetta, the fifth of only seven examples built, each selling for $4,620,000. In addition, a rare 1948 Tucker 48 Sedan set a new world record for a Tucker sold at auction, selling for $1,127,500. Overall sales amounted to $67 million for the most significant auction offering ever presented on the Peninsula, and 16 lots achieved over $1 million each.

Complementing the Best of Show win by the Delage from the Patterson Collection was a Third in Class win by the 1929 Duesenberg Model J Dual Cowl Phaeton, owned by Charles Letts of Detroit, Michigan and also restored by RM. A 1934 Packard Sports Coupe restored by RM, owned by Ralph and Adeline Marano of Garwood, New Jersey, also made a strong showing at the concours to round out what was a historic and memorable weekend for the RM group of companies.

RM MAKES HISTORY ON MONTEREY PENINSULA WITH TOP SALES AND TOP HONOR

• RM's 2010 Sports & Classics of Monterey event posts $67 million in sales with an impressive 95% sell-through
• 16 cars achieve individual million-dollar-plus sale results
• Top-sellers: an exquisite 1938 Talbot-Lago T150-C Lago Speciale and an exceptional 1954 Ferrari 375 MM Berlinetta each sell for $4,620,000
• RM Auto Restoration claims top honors at the world-renowned Pebble Beach Concours d'Elegance for the fourth time in 10 years with the 1933 Delage D8S de Villars Roadster named ‘Best of Show'

RM delivered a one, two punch in Monterey this past weekend during the year's pinnacle event for the collector car hobby, posting the week's highest auction results of $67 million in total sales with an impressive 95% of all lots sold, and clinching an unprecedented fourth ‘Best of Show' win in 10 years at the prestigious Pebble Beach Concours d'Elegance with the stunning 1933 Delage D8S de Villars Roadster.

The company's highly-anticipated Sports & Classics of Monterey event, August 12 – 14, kicked off the weekend in grand style, celebrating the 25th anniversary of Monterey's first and original collector car auction with the most significant auction offering ever presented on the Peninsula. In total, 16 lots achieved individual million-dollar-plus results, the most recorded by any single auction house during this year's Monterey auto week. Top-sellers included an exquisite 1938 Talbot-Lago T150-C Lago Speciale with coachwork by Figoni et Falaschi, and an exceptional 1954 Ferrari 375 MM Berlinetta, the fifth of only seven examples built, each selling for $4,620,000. In addition, a rare 1948 Tucker 48 Sedan set a new world record for a Tucker sold at auction, selling for $1,127,500.

'We are thoroughly pleased with the results from the weekend's sale. They build upon RM's seven previous successful sales this year, including the record-breaking inaugural Monaco event, and are a reflection of the hard work and dedication of the entire RM team,' says Rob Myers, Founder and Chairman, RM Auctions.

'The high-caliber of consignments combined with accurate estimates provided by our expert team of car specialists led to the very strong 95 percent sell-through and record number of over 1,000 bidder registrations from 29 countries around the world, including Monaco, Brazil, Japan and the United Arab Emirates,' Myers added.

RM's strong Sports & Classics of Monterey auction results were complemented by success on the show field on Sunday when the stunning 1933 Delage D8S de Villars Roadster, owned by The Patterson Collection in Louisville, Kentucky, and restored by RM Auto Restoration, was named ‘Best of Show' at the world-renowned Pebble Beach Concours d'Elegance. The win represents RM's fourth at Pebble Beach in the past decade, with top honors previously received in 2001, 2004 and 2006, cementing the company's reputation as the world's premier restoration facility for vintage automobiles. Other award-winning entries that have passed through RM Auto Restoration's doors included the 1929 Duesenberg Model J Dual Cowl Phaeton, owned by Charles Letts of Detroit, Michigan, and the 1934 Packard Sports Coupe, owned by Ralph and Adeline Marano of Westfield, New Jersey.

Source: RM Auctions

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