Media Release


HISTORIC, FRESH-TO-THE-MARKET CLASSICS SHINE AT RM SOTHEBY’S 10TH ANNIVERSARY HERSHEY SALE

Hershey

 

  • RM Sotheby’s celebrates 10th anniversary in Hershey with $11.58 million in sales and 90 percent of all lots sold
  • Top seller: one of just three, 1930 Duesenberg Model J Dual-Cowl Phaeton offered from 54 years in single-family ownership brings $2,090,000
  • Several lots exceed expectations, including garage-find Porsche 356 Speedster at $341,000 and David Holls Lincoln Boattail Speedster at $605,000
  • Bidders hail from 18 countries, with 22 percent representing first time clientele
  • RM Sotheby’s rounds out 2016 calendar with thrilling ‘Duemila Ruote’ auction, an eclectic Italian private collection sale, November 25-27 during the Milano AutoClassica Classic Car Show in Italy
  • Complete Hershey results and upcoming event information available at www.rmsothebys.com

 

HERSHEY, Pennsylvania (October 8, 2016) – RM Sotheby’s, the world’s largest auction house for investment-quality automobiles, toasted a magnificent 10 years in Hershey this week with $11.58 million in sales at the Hershey Lodge. Held during the famed AACA Eastern Division Fall Meet, the penultimate sale on RM’s 2016 calendar lifted the gavel on 132 total lots—attracting bidders from 18 countries—of which 90 percent found new homes.

 

In a catalogue highlighted by a delightful series of cars coming out of long-term ownership, a 1930 Duesenberg Model J Dual-Cowl Phaeton was the star attraction of the two-evening sale. One of only three original Murphy Dual-Cowl Phaetons, the Duesenberg was retrieved from storage at the Mexico City airport in 1962, and offered from 54 years in single-family ownership at RM’s Hershey sale. Hotly contested by bidders in the room and on the phones, the Model J realized a strong $2,090,000.

                                                                                                                                                                                

“The fantastic price achieved for the Duesenberg goes to show that history and long-term ownership add significant value to an already rare car”, says Gord Duff, Car Specialist, RM Sotheby’s. “The opportunity to sell a Model J is always special, this time around made even better by the chance to present an example that has been lovingly enjoyed by one family over 54 years of ownership. Overall, our top five Hershey sales demonstrate that demand for American Classics remains incredibly strong, with provenance and impeccable condition attracting well-deserved prices on the auction podium across both nights.”

 

Looking back over the two-evening event, Thursday’s sale session was headlined by the spectacular 1932 Lincoln Model KB Boattail Speedster. Designed by legendary General Motors stylist, David Holls—earning its nickname, the ‘David Holls Speedster’—the exquisite car represented the Lincoln that ‘never was’. Attracting plenty of admirers during the sale preview, it was the subject of a 10-minute bidding contest, shattering its pre-sale estimate of $200/275,000 at a final $605,000.

 

Crossing the podium just four lots prior to the Lincoln on Thursday evening, the highly anticipated ‘garage find’ 1957 Porsche 356 A 1600 Speedster also drew tremendous interest from bidders in the room and on the phone. In single-family ownership since 1967, the Porsche emerged from 40 years in storage in a Texas garage just prior to the Hershey sale. Presented in largely original condition, it illustrated the enduring appetite for ‘barn-finds’, soaring past its pre-sale estimate of $200/250,000 to bring a remarkable $341,000.

 

Friday’s session was headlined by the top-selling Model J Duesenberg, highlighted above. Other standout attractions from the second evening were a meticulously restored 1935 Auburn Eight Supercharged Speedster, a two-time 100-point car in 2016 Classic Car Club of America judging, for $880,000; the sole-surviving 1931 Pierce-Arrow Model 41 LeBaron Convertible Victoria, which sold well at $456,500; and, an exceptionally restored 1958 Chevrolet Impala Convertible, which exceeded expectations, selling for $161,700 against a pre-sale estimate of $100/125,000. Among additional highlights and perfectly emblematic of the unique finds at Hershey, a 1925 White Model 15-45, commissioned in period as a Yellowstone Park tour bus, nearly doubled its estimate, realizing $88,000.

 

RM Sotheby’s Hershey 2016 Top Five Sales

Lot 253

1930 Duesenberg Model J Dual-Cowl Phaeton (Chassis 2366)

$2,090,000

Lot 237

1935 Auburn Eight Supercharged Speedster (Chassis 2952)

$880,000

Lot 142

1957 Mercedes-Benz 300 SL Roadster (Chassis 198.042.7500397)

$825,000

Lot 144

1932 Lincoln Model KB Boattail Speedster (Engine KB 1411)

$605,000

Lot 233

1931 Pierce-Arrow Model 41 Convertible Victoria (Chassis 3050235)

$456,500

 

RM Sotheby’s will round out its 2016 calendar in spectacular fashion with the presentation of Duemila Ruote (2000 Wheels) in Milan, Italy, November 25-27. Coinciding with the Milano AutoClassica Classic Car Show, the eclectic offering will feature more than 800 lots, making it the largest, automotive-themed private collection sale ever staged in Europe. With some 430 cars, 150 motorcycles, 60 boats and hundreds of bicycles and automobilia all offered without reserve, collectors will be truly spoilt for choice.

 

Complete results from RM Sotheby’s Hershey auction along with additional information on the upcoming Duemila Ruote sale 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 all other lots. Auction total includes post-sale transactions.

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