Media Release


RECORDS TUMBLE IN RM SOTHEBY’S HISTORIC £21.6M ANNIVERSARY LONDON SALE

London

  • RM Sotheby’s realizes £21.65 million with 76 percent of all lots sold at its 10th anniversary London sale, 7 September at Battersea Evolution
  • 1960 Aston Martin DB4GT is the evening’s top seller, making a record £2,408,000
  • Single-owner Porsche Collection steals the show, breaking multiple world records
  • An incredible £1,848,000 is paid for a 1995 Porsche 911 GT2, while a 1993 Porsche 911 Turbo S Lightweight achieves £974,400
  • Bidders hail from 33 countries; over a third of bidders represent first-time clientele
  • RM Sotheby’s rounds out 2016 calendar with an eclectic private collection sale in Northern Italy, late Autumn
  • Complete London results are available at www.rmsothebys.com

 

LONDON (8 September, 2016) – Making it a night to remember, RM Sotheby’s shattered numerous world-record auction values at its 10th anniversary London sale last night, generating in excess of £21.65 million in sales. Whilst a stunning 1960 Aston Martin DB4GT proved to be the night’s biggest seller, it is the game-changing prices achieved for some of the Porsches which will prove to be the sale’s most potent legacy.

 

The beautiful DB4GT is one of just 75 factory-built examples. Offered in wonderful, matching-numbers condition, and one of just 45 right-hand-drive cars, the featured Aston Martin led a string of 86 vehicles in the glittering evening sale, achieving a world-record sum for a factory-bodied model at auction at a strong £2,408,000.

 

The Porsche Collection generated enormous interest as soon as it was announced, thanks to its incredible single-owner provenance and the low mileage of the cars on offer. Collectively, the group generated a remarkable £4,726,400 in the packed Battersea Park auction room, far exceeding pre-sale estimates to set numerous new auction benchmarks. Highlights included:

 

  • 1995 Porsche 911 GT2 -  £1,848,000, a record for a Porsche 911 GT2 at public auction, breaking the previous record by over one million pounds; 
  • 1993 Porsche 911 Turbo S Lightweight - £974,400, a world record for a 964 series Porsche 911 at auction;
  • 1993 Porsche 911 Carrera RS - £716,800, a new auction benchmark for the model—a price close to half a million pounds more than the previous record; and,
  • 1995 Porsche 911 Carrera RS Clubsport - £403,200, an auction record for the model.

 

“Our 10th anniversary London sale has been a game-changer for a number of reasons”, says Peter Wallman, Managing Director, RM Sotheby’s Europe. “Clearly, the Porsche Collection generated some remarkable results, however from the evening preview to the sale itself there was an energy that hasn’t been seen in European auction rooms for a little while. This year’s auction tally is within a whisker of RM’s best ever, peak-of-the-market, London sale totals. We offered cars spanning 117 years and from £5,000 to £2,400,000, so the sale was representative of almost all areas of the market. Good cars, well presented with sensible estimates are selling strongly, and that is good news for the market as a whole.”

 

Away from the immaculate metal on offer in London, the rather less shiny 1967 Iso Grifo GL Series I, which was offered in true ‘barn find’ condition, was another notable highlight of the evening. With the market still drawn to the idea of purchasing totally original, unmolested machinery, the Grifo presented a once-in-a-lifetime opportunity for an enthusiast of these attractive and highly regarded sports cars. The subject of a spirited bidding contest, the car achieved an amazing £128,800 against a pre-sale estimate of £30,000-£50,000.

 

RM Sotheby’s London 2016 Top Five Sales

Lot 169

1960 Aston Martin DB4GT (CHASSIS NO. DB4GT/0126/R)

£2,408,000.00

Lot 132

1995 Porsche 911 GT2 (CHASSIS NO. WP0ZZZ99ZTS392064)

£1,848,000.00

Lot 134

1960 Ferrari 250 GT Cabriolet Series II (CHASSIS NO. 1881 GT)

£1,288,000.00

Lot 129

1993 Porsche 911 Turbo S Lightweight (CHASSIS NO. WP0ZZZ96ZPS479031)

£974,400.00

Lot 147

1939 Alfa Romeo 6C 2500 Sport Cabriolet (CHASSIS NO. 915.019)

£952,000.00

Lot 153

1963 Aston Martin DB4 Series V Convertible (CHASSIS NO. DB4C/1102/R)

£952,000.00

 

RM Sotheby’s continues its 2016 calendar of events with its 10th anniversary Hershey, Pennsylvania sale, October 6-7, presenting a carefully curated roster of some 120 automobiles. The world’s largest collector car auction house will then round out its 2016 calendar with a private collection sale in Northern Italy, late Autumn (Fall). Featuring an eclectic mix of automobiles, motorcycles, bicycles, boats, bobsleds and automobilia, the multi-day sale will provide a thrilling close to RM’s 2016 season as it presents more than 750 lots ‘without reserve’. Further details will be released in the coming weeks.

 

Complete results from RM Sotheby’s London auction are available online at www.rmsothebys.com,

 

*Results are listed in GBP and include 12 percent buyer’s premium for automotive lots and 17 percent of non-automotive lots. Exchange rate used: £1 GBP = $1.34 USD, €1.20 Euro.

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