RM Auctions - Automobiles of Amelia Island

RM Auctions - Automobiles of Amelia Island March 2011
RM Auctions, the official auction house of the Amelia Island Concours d'Elegance, continued its record-breaking sales run in Northeast Florida over the weekend, posting a remarkable $24.3 million* in total sales with a strong 96% of all lots sold at its 13th annual Amelia Island sale to claim the top sales results of the weekend.

Building on the company's strong track record in Florida, the impressive sales total represents the highest tally achieved in the event's 13 year history, with over a 25 percent increase on the company's 2010 sale figures. As many as 27 lots exceeded pre-sale estimates.

In total, the single-day sale presented 103 lots, including a selection of vintage motorcycles, before a packed house, with bidders in the room joined by those on the phone and over the Internet. Illustrating RM's global clientele, bidders hailed from over 24 countries around the world, including as far away as India, Argentina and the United Arab Emirates.

'We are thrilled by the results from the weekend's sale, which represent RM's best performance to date at Amelia Island. The buyer population appears to be more well-informed than ever, recognizing quality when they see it. In addition, many examples at our Amelia Island sale were fresh to the market, coming out of long-term ownership. Collectors recognized the unique and rare ownership opportunities these particular lots presented, as was reflected in the prices,' says Rob Myers, Chairman and Founder, RM Auctions.

Top sales honors of the weekend went to a rare 1952 Ferrari 340 Mexico Vignale Coupé, chassis number 0224 AT, offered from the private collection of former GM designer and Ferrari Club of America co-founder, Larry Nicklin. One of just three built and boasting a superlative racing pedigree, the hugely valuable competition coupé sparked a spirited bidding war in the room and on the phones, exceeding its pre-sale estimate to sell for an extraordinary $4,290,000. Also offered from the Nicklin Collection and exceeding its pre-sale estimate was a highly original 1953 Ferrari 212 Inter Vignale Coupé, chassis number 0267 EU, which realized $660,000. Both examples were offered for the first time in 30 years.

'The results are overwhelming,' said Mr. Nicklin following the sale. 'I am thrilled with the prices achieved for my two Ferraris, both of which exceeded their estimates. It has been great working with RM – they are number one in every respect all around the world.'

Building on RM's reputation as the specialists for private and estate collections, the distinguished collection of Jack and Marilyn Tallman also garnered significant interest. Spanning over 30 years of automotive design, the collection featured a wonderful array of early automobiles, many of which the Tallmans had owned for over 40 years and had enjoyed and driven in countless events, both at home and overseas. Headlining the collection was the sale of a handsome 1930 Cadillac Sixteen Roadster for $506,000 and a 1912 Packard Model 1-48 Custom Runabout for $407,000.

'We are very happy with the results from the sale of our collection at RM's Amelia Island auction on the weekend,' said Jack Tallman after the auction. 'It was a first-class event and a great experience. RM did an amazing job in the promotion and marketing of our collection to a global audience, and we recommend them to others looking to sell their collection or automobile at auction.'

RM's Amelia Island Top 10 sales were as follows:

Lot 153 – 1952 Ferrari 340 Mexico Coupe $4,290,000
Lot 165 – 1930 Alfa Romeo 6C 1750 GS Spider $990,000
Lot 149 – 1933 Duesenberg Model J Torpedo Victoria $979,000
Lot 144 – 1930 Duesenberg Model J Convertible Coupe $962,500
Lot 166 – 1968 Ferrari 275 GTB/4 Berlinetta $935,000
Lot 163 – 1967 Ferrari 330 GTS $770,000
Lot 154 – 1953 Ferrari 212 Inter Coupe $660,000
Lot 152 – 1961 Mercedes-Benz 300 SL Roadster $627,000
Lot 161 – 1955 Mercedes-Benz 300 SL Coupe $627,000
Lot 172 – 1957 Ferrari 250 GT 'Low Roof' Berlinetta $605,000

Beyond the top-seller's list, other notable highlights well-exceeding their estimates included: a 1986 Ford RS200 Evolution, one of only 24 Evolutions built, for $159,500; and a beautifully-restored, early 1964 Porsche 911 for $225,500.

In addition to the sale, RM Auto Restoration had a strong presence on the show field at yesterday's world-renowned Amelia Island Concours d'Elegance, with the beautifully-presented 1929 Duesenberg Model J Dual Cowl Phaeton owned by Charles Letts awarded ‘Best in Class', and the striking 1960 Plymouth XNR Concept, displayed for the first time in 50 years in North America, also receiving honors. These latest accolades add to a string of awards received by RM Auto Restoration division in recent years, cementing its reputation as the world's premier restoration facility for vintage automobiles.

Next up, RM kicks off its 2011 European auction calendar on May 21 with its debut sale at the celebrated Concorso d'Eleganza Villa d'Este. Held on the shores of Lake Como, Italy, the exclusive evening sale will feature an elite selection of the world's finest motor cars, carefully hand-sourced from around the world by RM's expert team of car specialists. Representing the ‘best of the very best', some 30 automobiles – with an average value per car exceeding $1,000,000 USD – are poised for the auction block.

1899 Locomobile Stanhope Style I  
1903 Oldsmobile Model R Curved Dash  
1906 Pope-Waverley Victoria Phaeton  
1908 Oldsmobile Limited Prototype  
1908 Packard Model 30  
1909 Reliable Dayton Model F  
1909 Thomas Flyer 6-40  
1910 Peerless Model 27  
1911 Rolls-Royce 40/50 HP Silver Ghost  
1912 Packard Model 1-48  
1916 Detroit Electric Model 57  
1919 Rauch and Lang Model C-55  
1925 Duesenberg Eight Speedway Roadster  
1927 Rolls-Royce Phantom I  
1929 Franklin Model 135  
1929 Rolls-Royce Phantom II  
1933 Chrysler CL Custom Imperial  
1933 Duesenberg Model J  
1934 Buick Model 90  
1934 Packard 1107 Twelve  
1934 Rolls-Royce Phantom II  
1935 Auburn 851  
1936 Packard Model 1402 Eight  
1937 Peugeot 402 Darl Mat  
1938 MG TA  
1939 Cadillac Series 90  
1947 Talbot-Lago T-26  
1948 Jaguar Mark IV 3.5-Liter  
1950 Fitch-Whitmore Le Mans Special  
1952 Ferrari 340 Mexico  
1952 Lancia Aurelia B53  
1952 Morgan Plus Four  
1953 BMW Type 327/2  
1953 Buick Series 70 Roadmaster  
1953 Ferrari 212 Inter  
1953 MG TD  
1954 Kurtis Kraft 500S  
1954 Talbot-Lago T-26 Grand Sport  
1955 Chevrolet Corvette C1  
1955 Mercedes-Benz 300 SL Gullwing  
1956 AC Ace  
1956 Austin-Healey 100M BN2  
1957 BMW Isetta  
1957 DeSoto Adventurer  
1957 Dual Ghia Sports Car  
1957 Ferrari 250 GT Boano  
1958 Vespa 400  
1959 Aston Martin DB2/4  
1959 Edsel Corsair  
1959 MG MGA  
1934 Packard 1101  
1961 Elder Indy Special  
1961 Mercedes-Benz 300 SL  
1962 Ferrari 250 GTE  
1964 Porsche 911  
1965 Jaguar XKE E-Type  
1965 Shelby Cobra 289  
1967 Chevrolet Corvette C2  
1967 Ferrari 330 GTS  
1967 Fiat 600D  
1968 Lola T70 MKIII  
1969 Mercury Cyclone  
1971 Mercedes-Benz 280  
1981 Edmunds Casey Special  
1986 Ford RS200  
1998 Shelby Series One  
2002 Cadillac Le Mans  


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