Media Release


RECORDS SET FOR ANY AMERICAN CAR AND ANY BRITISH CAR AT RM SOTHEBY’S FRIDAY MONTEREY AUCTION

Monterey

Portola Hotel & Spa

 
  • Le Mans legend: Ex-Ecurie Ecosse Jaguar D-Type smashes record for a British automobile sold at auction at final $21.78 million
  • CSX 2000, the very first Shelby Cobra, achieves $13.75 million, setting a new auction benchmark for an American car
  • RM Sotheby’s flagship Monterey, California sale continues, Saturday, August 20

MONTEREY, California (August 19, 2016) –  RM Sotheby’s kicked off its flagship Monterey, California sale before a packed house tonight, setting a series of records for automobiles offered fresh to the market.

Leading the charge, a 1955 Jaguar D-Type, chassis no. XKD 501, sold for $21,780,000 – the highest price ever achieved for a British automobile at auction. The 1956 Le Mans-winning D-Type, widely recognized as the most important Jaguar ever made, was the subject of a 15-minute bidding contest between four determined collectors before selling for a final $21.78 million, comfortably surpassing its $20 million low estimate.

The first D-Type supplied by Jaguar to a privateer team, XKD 501 was sold new to the famed Scottish Racing team, Ecurie Ecosse, who campaigned it to victory at the grueling 1956 Le Mans 24 Hours. It was offered at tonight’s sale following almost two decades in one of America’s leading collections. The record-setting Jaguar is only the fourth British car to have sold for more than $10 million at auction and eclipses the previous record by over $7 million. That was set by a $14.3m 1962 Aston Martin DB4 GT Zagato sold by RM Sotheby’s in New York in December 2015.

Closely following the sale of the legendary D-Type was an American legend - CSX 2000, the very first Shelby Cobra, which also roared into the record books, commanding a final price of $13,750,000 - a new auction benchmark for an American automobile. One of the most highly anticipated lots of this year’s Monterey auction week, the original Shelby Cobra was constructed and kept from new by the legendary Carroll Shelby and never left his care. Offered by the Carroll Hall Shelby Trust, CSX 2000’s strong sales price represents a new record for an American car sold at auction, besting the previous record ($11m for a 1968 Ford GT40 Gulf / Mirage), which was set at the same sale in August 2012.

Rounding out the top three sales for the evening was a 1955 Ferrari 750 Monza Spider, chassis no. 0510 M, driven by the big three of American racing in period: Phil Hill, Carroll Shelby and Jim Hall. Presented by its owner of 60 years, Jim Hall, who addressed the standing-room only audience, it commanded $5,225,000 to establish a new auction record for the model.

“Tonight’s records for any British car, any American car, and for a Ferrari 750 Monza demonstrate that collectors remain prepared to part with significant sums to secure the rarest, fresh-to-the-market automobiles,” says Ian Kelleher, Managing Director, RM Sotheby’s West Coast Division. “These outstanding prices achieved at our flagship sale are a reassuring sign that the market remains healthy and vibrant.”

RM Sotheby’s continues its flagship Monterey sale tomorrow evening from 7pm PT. For further information, please visitwww.rmsothebys.com. Full results will be published in the coming days.

*Results are listed in USD and include 10 percent buyer’s premium.

 

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