Media Release


BEST-OF-CATEGORY AUTOMOBILES DRIVE RM SOTHEBY’S $38.6 MILLION AMELIA ISLAND CONCOURS D’ELEGANCE SALE

Amelia Island

  • RM Sotheby’s generates $38.6 million in sales with 89 percent of all lots sold at its 18th anniversary Amelia Island, Florida sale
  • Top seller: 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico surpasses estimate at $4,400,000 to set new auction record
  • Bidders from 20 countries spur lively bidding contests, propelling numerous lots to above-estimate prices
  • Complete results from RM Amelia Island available online at www.rmsothebys.com
  • RM Sotheby’s continues its global calendar of events in Monaco, May 14, during the Grand Prix Historique de Monaco weekend

 

 

AMELIA ISLAND, Florida (13 March, 2016) – RM Sotheby’s, the official auction house of the Amelia Island Concours d’Elegance, celebrated its 18th anniversary sale in Amelia Island yesterday (March 12) with $38,685,100* in sales and 89 percent of all lots sold.  Led by a terrific series of best-of-category automobiles, the four-and-a-half hour sale attracted a standing room only crowd, with bidders hailing from 20 countries.

 

“We had another great auction here at Amelia Island, with a solid sell-through rate of 89 percent and numerous cars from across all segments of the market exceeding estimate and achieving record prices,” says Gord Duff, Car Specialist, RM Sotheby’s. “The solid result was driven by active participation from many of America's leading collectors, as well bidders new to the hobby. Results such as the $4.4 million paid for the 1962 Ferrari 400 Superamerica, the $1.2 million 1932 Packard Twin Six Coupe Roadster, and the $2 million 2014 Pagani Huayra show enduring appeal and depth of demand for the best examples from top marques. The fact that yesterday’s results represent one of our strongest performances at Amelia Island to date illustrates a continued healthy market.” 

 

The auction was led by the 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico which comfortably surpassed its pre-sale estimate of $2.7/3.3m to sell for $4,400,000 – a world record price for a 400 Superamerica Coupe at auction. The car was the subject of a lengthy bidding contest as collectors in the room and on telephones sought the 1962 Turin Automobile Show car. This particular example, chassis no. 3949 SA, boasts distinguished provenance having previously belonged to American sportsman Erwin Goldschmidt and remaining in his family for over 40 years.  The ownership history along with an outstanding recent restoration makes it one of the most significant 400 Superamericas in private hands.

 

 

Another toast of yesterday’s sale was the 1954 Bentley R-Type Continental Fastback Sports Saloon, chassis no. BC2LD. Finished in the most desirable configuration of factory LHD 4.9-liter engine, center-shift manual transmission and “seats and spats”, the stunning Bentley returned to Amelia Island after claiming Best in Class honors in 2010. It again stole the spotlight during this week’s appearance, spurring a lively bidding war to bring a very strong, above-estimate $1,815,000 (pre-sale estimate: $1.2/1.4m).

 

 

American Classics also performed well, with numerous lots exceeding estimate. This group was headlined by a 1932 Packard Twin Six Coupe Roadster, long regarded as the Clark Gable Twin Six, which realized a terrific $1,210,000 (pre-sale estimate $650/800,000), while a beautifully restored 1931 Stutz DV-32 Convertible Victoria, another example returning to Amelia Island following earlier concours success, was also hotly contested, bringing a final  $1,100,000 (pre-sale estimate $800,000/1m).

 

Solid results were also recorded for late-model supercars, including a highly-optioned 2014 Pagani Huayra which set a new benchmark for the marque at $2,035,000.  A 1984 Ferrari 288 GTO, the first example officially delivered in Japan, attracted a strong $2,585,000, while a 2002 Ferrari 575M Maranello, equipped with the ultra-desirable six-speed manual transmission and showing just 4,511 original miles, achieved $462,000,

 

 

Additional notable sales included:

 

·         the 1985 Ford RS200 Evolution, one of only 24 examples built and upgraded by the factory to 600 bhp, powered to a final $522,500 (pre-sale estimate $475/675,000);

·         a highly original 1960 AC Ace-Bristol with notable racing provenance sold for a record $495,000 against a pre-sale estimate of $350/400,000;

·         a 2003 Aston Martin DB AR1, with less than 700 miles, set a new benchmark for the model at auction at  $363,000 (pre-sale estimate $250/300,000);

·         a well-maintained 1929 Packard Deluxe Eight Sport Phaeton achieved $313,500 versus a pre-sale estimate of $150/200,000;

·         a 1989 Porsche 911 Turbo Coupe showing just 1,161 original miles garnered $308,500 (pre-sale estimate $240/280,000); and,

·         capping off the sale on a high note, the 1964 Peel P50, a terrific example of the world’s smallest production car, generated big bids to shatter its pre-sale estimate at a final $176,000, a record for a Peel P50 at auction (estimate $75/100,000).

Beyond the automobiles, RM Sotheby’s was proud to lend its auction services during Saturday’s sale to support the fundraising initiatives of the Amelia Island Concours d’Elegance, with select charity lots raising $82,800 for Spina Bifida of Jacksonville.

 

 

RM Sotheby’s Top 10 Amelia Island sales

 

1.        Lot 163 - 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico (chassis no. 3949 SA) - $4,400,000

2.        Lot 148 - 1984 Ferrari 288 GTO (chassis no. ZFFPA16B000055237) - $2,585,000

3.        Lot 139 - 1968 Ferrari 330 GTS (chassis no. 10817) - $2,200,000

4.        Lot 164 - 2014 Pagani Huayra (chassis no. ZA9H11UAXESF76062) - $2,035,000

5.        Lot 147 - 1954 Bentley R-Type Continental Fastback Sports Saloon (chassis no. BC2LD) - $1,815,000

6.        Lot 161 - 1955 Mercedes-Benz 300 SL Gullwing (chassis no. 198.040.5500397) - $1,265,000

7.        Lot 118 - 1932 Packard Twin Six Coupe Roadster (Vehicle 579-64) - $1,210,000

8.        Lot 179 - 1963 Shelby 289 Cobra (chassis no. CSX 2188) - $1,155,000

9.        Lot 132 - 1931 Stutz DV-32 Convertible Victoria (chassis no. DV-PC-1294) - $1,100,000

10.     Lot 180 - 1968 Chevrolet Sunoco Camaro Trans Am (Identification 9908H046) - $990,000

 

RM Sotheby’s continues its 2016 calendar with its exclusive, biennial Monaco sale, May 14 during the Grand Prix Historique de Monaco. Fast becoming one of Europe’s leading collector car sales, the Monaco event will lift the gavel of some 100 blue-chip automobiles.

 

Full results from the Amelia Island sale, along with further information on upcoming events, are available at www.rmsothebys.com.

*Results are listed in USD and are inclusive of 10 percent buyer’s premium for automobiles and 15 percent for memorabilia. Auction total includes post-sale transactions.

 

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Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more