LOS ANGELES, California, 19 August, 2015
RM Sotheby’s cemented its undisputed leadership position in the
global collector car auction industry on the weekend, generating a
remarkable $172.9 million* in auction and post-auction private
sales during its three-day Monterey event in California. The
impressive tally ranks the event as the highest grossing collector
car auction of all time, besting the company’s 2014 Monterey
performance by more than 20 percent.
In addition to posting the top auction sales of the weekend, the
RM team clinched its sixth ‘Best of Show’ win at the Pebble
Beach Concours d’Elegance on Sunday, with the spectacular
1924 Isotta Fraschini Tipo 8A F. Ramseier & Cie Worblaufen
Cabriolet, owned by The Patterson Collection and freshly restored
by RM Auto Restoration, taking top honors at the prestigious
event. The win represents RM’s sixth ‘Best of Show’ at Pebble
Beach in the new millennium, an unmatched achievement, and
was joined by a number of other awards for other RM Auto
Restoration prepared cars.
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“We’ve certainly reached new heights with this year’s Monterey
sale, setting multiple new benchmarks,” says Ian Kelleher,
Managing Director, RM Sotheby’s West Coast Division.
“The results truly speak for themselves and reflect our
commitment to bringing not only the best to the market, but
backing our product by extensive research and documentation. In
addition, the Monterey event was truly a fantastic showcase of
the RM and Sotheby’s teams working in concert to build a global
platform for collector cars. Bidders hailed from 31 countries, 20
percent represented first-time clientele, and we welcomed
increased participation from collectors in the 30 – 40 age bracket.
It was definitely a weekend for the history books, and to cap it off
with a Best of Show win at the Pebble Beach Concours
d’Elegance made it all the more thrilling and memorable.”
RM’s Monterey sale was extended to three days in 2015, with the
auction room attracting a standing-room-only audience across all
sessions. Bidders from 31 countries were drawn to the carefully
curated offering, with multiple bidding contests erupting between
those in the room and on the telephone, including collectors
bidding with Sotheby’s representatives. No less than 36 lots
achieved individual million-dollar-plus results, with four lots
exceeding $10 million. In total, RM Sotheby’s was responsible for
six of the top 10 sales of this year’s Monterey Car Week,
including the top sale of the week – a historic 1964 Ferrari 250
LM from the Pinnacle Portfolio, which garnered a terrific
$17,600,000 to set a new auction record for the model.
The Pinnacle Portfolio
Offered on Thursday evening, it was the Pinnacle Portfolio – an
extraordinary private collection of 25 post-war sports cars – that
set the tone for the three-day event, realizing an incredible $75.4
million in auction and post-auction private sales to comfortably
set a new record for a single-day, single-vendor automobile
auction, along with establishing numerous other auction
benchmarks. In addition to the sale-topping Ferrari 250 LM, the
group was highlighted by strong results for contemporary
supercars, for which strong pre-sale interest led to record-setting
values. Headlining this group was the iconic 1998 McLaren F1
‘LM-Specification’ which spurred lively bidding to sell for a
remarkable $13,750,000 to set a new record as the most valuable
British car ever sold at auction. One of the sale’s most exciting
moments came when the 2005 Ferrari Enzo, originally gifted by
the factory to Pope John Paul II, crossed the block, more than
tripling the previous record for the model at a final $6,050,000.
Additional highlights included a 1994 Ferrari F40 LM for a record
$3,300,000; a 2005 Mercedes-Benz SLR McLaren for an
incredible $495,000; and the 2005 Saleen Twin Turbo for $682,000
against a pre-sale estimate of $350,000 - $500,000.
Additional Highlights
Multiple new auction benchmarks were set during the course of
RM’s three-day Monterey event. A 1953 Jaguar C-Type Works
Lightweight brought $13,200,000 on Friday to become the most
valuable Jaguar sold at auction, while on Saturday, a 1956 Ferrari
250 GT Berlinetta Competizione ‘Tour de France’, the first ‘Tour
de France-winning’ TdF, also achieved $13,200,000, a record
price for the model at auction.
Illustrating the incredible quality of RM’s 2015 catalogue, as well
as the company’s strength across all categories, other notable
sales included:
· Aston-Martins from all eras achieved strong results, with
many examples well-exceeding pre-sale expectations. Stand-out
lots included: a 1940 Aston Martin Speed Model Type C for
$1,155,000; a 1967 Aston Martin DB6 Mk I Shooting Brake for
$682,000; and a 2013 Aston-Martin Centennial DB9 Spyder by
Zagato for $693,000 (against a pre-sale estimate of $380,000 -
$450,000);
· Representing American marques, a 1910 American
Underslung Traveler Toy Tonneau doubled its estimate at a terrific
$1815,000 (a record for the model); and a 1933 Marmon Sixteen
Victoria Coupe also well-exceeded expectations at a strong
$907,500; and,
· A stunning 1952 Jaguar XK120 Supersonic attracted
tremendous pre-sale interest to sell for $2,090,000 – a record for
a Jaguar XK120 sold at public auction.
RM Sotheby’s top 10 Monterey sales:
1. Lot 113: 1964 Ferrari 250 LM - $17,600,000 (record for a
Ferrari 250 LM at auction)
2. Lot 107: 1998 McLaren F1 'LM-Specification' - $13,750,000
(record for a British car sold at auction)
3. Lot 235: 1953 Jaguar C-Type Works Lightweight -
$13,200,000 (record for a Jaguar sold at auction)
4. Lot 332: 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de
France' - $13,200,000 (record for a TdF sold at auction)
5. Lot 118: 1959 Ferrari 250 GT LWB California Spider -
$8,500,000 (post-sale transaction)
6. Lot 217: 1950 Ferrari 275S/340 America Barchetta-
$7,975,000.00
7. Lot 103: 2005 Ferrari Enzo - $6,050,000 (record for a Ferrrari
Enzo sold at auction)
8. Lot 342: 1931 Bentley 4½-Litre Supercharged Two-Seater
Sports - $4,015,000
9. Lot 309: 1966 Ferrari 275 GTB/6C Alloy - $3,960,000
10. Lot 116: 1994 Ferrari F40 LM - $3,300,000 (record for a
Ferrari F40 LM sold at auction)
Lot 121: 1967 Ferrari 275 GTB/4 - $3,300,000
Images .... Peter Singhof
www.ClassicCarPhotography.de
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