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RM Auctions at Amelia Island, Fla

RM Auctions at Amelia Island, Fla March 2012
RM Auctions, the official auction house of the Amelia Island Concours d'Elegance, continued its strong track record in Northern Florida this weekend, generating more than $23 million in sales before a packed house at its well-established sale at the Ritz-Carlton. The 88 percent sell through rate saw 92 of the 106 pre- and post-war motor cars changing hands, with six automobiles achieving million-dollar-plus results and spirited bidding leading to the establishment of numerous new auction records.

Top honors went to a stunning 1929 Cord L-29 Special Coupe by The Hayes Body Corporation – a stunning, one-off design statement by Count Alexis de Sakhnoffsky, widely recognized as the most significant L-29 in existence. An outstanding example of Classic Era styling, the ‘Hayes Coupe' garnered strong attention from bidders in the room and on the phones, selling for an impressive $2,420,000 to applause from the crowd.

'This year's Amelia Island weekend was once again a great success for the RM team with over $23 million in sales and more accolades for RM Auto Restoration. We're very pleased with the results achieved both in the auction room and on the show field, as well as the strong global interest in the sale - bidders hailed from 16 countries around the world,' said Rob Myers, Chairman & Founder, RM Auctions.

Myers added, 'The Amelia sale wrapped up a fantastic two weeks in Florida for RM, including the recent Milhous Collection sale presented in association with Sotheby's. Combined, the events generated more than $61 million in sales, illustrating the continued strength of the collectibles hobby. We look forward to building on the strong results at our next sale in Monaco in May.'

In addition to the sale-topping Cord L-29, also hotly contested at Saturday's auction was a highly desirable and extremely rare 1965 Aston Martin DB5 Vantage Convertible, one of the seven original Vantage-powered DB5 Convertibles produced. Spurring a lively bidding war, the DB5 realized an impressive $1,210,000, smashing the previous record for a DB5 Convertible sold at auction. A freshly restored 1960 Mercedes-Benz 300SL Roadster also entered the history books, selling for $990,000 - a world record price for a 300SL Roadster sold at auction.

Continuing RM's strong track record for Ferrari sales at Amelia, examples from the Modenese Prancing Horse also performed well. Headlining the group of nine examples on offer was the exceptional, ex-Agnelli Family 1956 Ferrari 250 GT Coupe Speciale, one of just four built, selling for $1,430,000, while a distinctively sporty 1973 Ferrari Dino 246 GTS 'Chairs and Flares' achieved a record-setting $363,000. Additional notable Ferrari sales included a superb 1972 Ferrari 365 GTB/4 Daytona Spyder for $1,210,000 and a rare, unique covered headlight 1961 Ferrari 250 GT Series II Cabriolet for $770,000.

RM Amelia Island Million-Dollar-Plus Sales:

Lot 132 – 1929 Cord L-29 Special Coupe $2,420,000
Lot 141 – 1956 Ferrari 250 GT Coupe Speciale $1,430,000
Lot 152 – 1965 Aston Martin DB5 Vantage Convertible $1,210,000
Lot 173 – 1972 Ferrari 365 GTB/4 Daytona Spyder $1,210,000
Lot 183 – 1967 Ferrari 275 GTB/4 Berlinetta $1,100,000
Lot 178 – 1930 Bugatti Type 46 Superprofile Coupe $1,017,500

Beyond the automobiles and a select series of collectible motorcycles featured in the RM catalogue, the Amelia sale also lifted the gavel on one of only three known complete Lalique Mascot Collections, headlined by the rarest Lalique of all, Le Renard (The Fox), for $805,000. The offering was rounded out by a Ferrari 250 GTO Bronze Sculpture which sold for $23,000 and an Ultimate Bugatti Ride & Drive Experience, presented by the Amelia Island Concours d'Elegance and Bugatti Automobiles of The Americas, for $10,350, both benefitting the Spina Bifida Association of Jacksonville. Also supporting a wonderful cause, a 1963 Alfa Romeo 2600 Spider which achieved $60,500 with proceeds going to The National Road Safety Foundation, Inc – a non-profit organization dedicated to reducing crashes, death and disability on US roads.

RM's strong sales results were complemented by success on the show field at the Amelia Island Concours d'Elegance on Sunday with a number of award-winning entries having passed through RM Auto Restoration's doors, cementing the company's reputation as the world's premier restoration facility for vintage automobiles. Among those receiving accolades were the majestic 1931 Duesenberg Model J Derham Tourster, owned by Judge Joseph Cassini III and Margie Cassini of West Orange, New Jersey which was judged ‘Best in Class'; and the elegant 1938 Jaguar SS Graber Coupe, owned by Frank and Milli Ricciardelli of Monmount Beach, New Jersey, which received a Special Amelia Award.

RM continues its 2012 auction calendar, May 11 – 12 with the return of its biennial Monaco sale at the Grimaldi Forum. Held during the same weekend as the Grand Prix Historique de Monaco, the two-day sale will lift the gavel on an elite, handpicked selection of blue-chip automobiles, joined by the acclaimed Saltarelli Collection, one of the world's most significant private Ducati Collections.

RM returns to North America, June 8 – 9 with the presentation of the Dingman Collection 2012, a continuation of the company's highly successful 2006 Dingman sale of Ford motor cars and rare, desirable automotive signs. In the meantime, the excitement continues in Florida this week as RM's subsidiary company, Auctions America by RM, presents the 10th annual Collector Cars of Fort Lauderdale sale, March 16 – 18 at the Greater Fort Lauderdale / Broward County Convention Center.

Further information on upcoming events, along with full results on RM's Amelia Island are available online at www.rmauctions.com. For further information on Auctions America by RM's Fort Lauderdale sale visit www.auctionsamerica.com.

Galleries

1886 Benz Motorwagen Replica  
1906 Cadillac Model K  
1908 Columbia Electric  
1910 Buick Model 19  
1911 Hispano Suiza King Alfonso XIII  
1914 Packard Series 4-48  
1914 REO Depot Truck  
1918 Hispano Suiza Type 32  
1920 Stutz Series H  
1921 Napier T75  
1925 Buick Master Six  
1928 Packard Model 533 Six  
1928 Rolls-Royce Phantom I  
1928 Voisin Model KE  
1929 Duesenberg Model J  
1930 Bugatti Type 46  
1930 Delage DR70  
1930 LaSalle Model 340  

1931 Cord L-29  
1931 Packard Model 840 DeLuxe Eight  
1931 Rolls-Royce 20/25  
1933 Auburn 8-105  
1933 Chrysler CQ Series Imperial  
1933 Lincoln Model KB  
1933 Packard 1005 Twelve  
1934 Lincoln Model KA Series 521  
1934 Packard 1108 Twelve  
1937 Squire 1600  
1938 Packard 1607 Twelve  
1939 MG VA  
1941 Buick Series 70 Roadmaster  
1941 Chrysler Newport Concept  
1942 Alfa Romeo 6C 2500  

1947 Chrysler Windsor  
1947 Jaguar Mark IV  
1948 Jaguar Mark IV  
1949 Austin Atlantic  
1949 Cadillac Series 60 Special Fleetwood  
1951 Chevrolet Model 3100  
1951 Rovin D4  
1952 Allard K2  
1953 Nash Healey Pininfarina  
1954 Austin-Healey 100-4 BN1  
1954 Jaguar XK-120  
1955 Chrysler C-300  
1955 Porsche 356  
1956 Ferrari 250 GT Speciale  
1956 Lincoln Premiere  
1956 Porsche 356A  
1957 Cadillac Series 62  
1957 Chevrolet Corvette C1  
1957 Mercedes-Benz 300SL  
1958 AC Aceca  
1958 Cadillac Series 70 Eldorado Brougham  
1958 DKW Universal Kombi  
1958 Fiat 500  
1959 Goggomobil Dart  
1959 Imperial Crown Series MY1-M  
1960 Mercedes-Benz 300 SL  
1960 Porsche 356B  
2002 Chevrolet Corvette  

1961 Ferrari 250 GT  
1962 Chevrolet Corvette C1  
1962 Ford Galaxie  
1963 Alfa Romeo 2600  
1963 Austin-Healey 3000 MKII BJ7  
1963 Mercury Monterey  
1963 Porsche 356  
1964 Jaguar XKE E-Type  
1965 Amphicar 770  
1965 Aston Martin DB5  
1965 Porsche 356 SC  
1965 Volkswagen Beetle 1200  
1966 Rolls-Royce Silver Cloud III  
1967 Austin-Healey 3000 MK III  
1967 Ferrari 275 GTB/4  
1968 Ferrari 365 GTC  
1969 Chevrolet Corvette C3  
1972 Ferrari 365 GTB/4  
1973 Ferrari 246 Dino  
1973 Ferrari 365 GTB/4  
1983 Ferrari 512 BBi  
1989 Rolls-Royce Corniche II  
1991 Ferrari Testarossa  
2000 Bentley Azure  
2005 Porsche Carrera GT  
2006 Mercedes-Benz SLR Mclaren  
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