Media Release


RM AUCTIONS’ MONTEREY SALE CONTINUES MILLION DOLLAR CAR TRADITION WITH A DISTINCTIVE PAIR OF SEVEN-FIGURE CARS

The Monterey Sports and Classic Car Auction

Rare ’53 Ferrari 166/250 MM With One-Off Abarth Coachwork and Jim Hall’s First Edition ’61 Chaparral Headline Exceptional Offerings, August 13-14, 2004

BLENHEIM, Ontario, Canada (May 3, 2004) – For nearly a decade RM Auctions has brought record setting, multi-million dollar cars to the auction block at its annual Monterey Sports and Classic Car Auction, August 13-14, 2004. The early consignment centerpieces of this year’s event are two outstanding sports racing examples, which raised the bar for their competition and significantly impacted the motorsports events of their day.

The first beauty is an extremely rare 1953 Ferrari 166/250 MM Competition Spyder. After nearly 50 years in hibernation, this unique and visually stunning Ferrari, with one-off coachwork by Carlo Abarth, was impeccably restored to its authentic condition. Originally constructed in 1952 by special request of Scuderia Guastalla driver Giulio Musitella, this car is perhaps the most daringly styled and unconventional Ferraris of its era.

From its imposing central headlight, twin nose scoops, prominently scalloped fender wells and bladed rear fender tops, it is a visual standout. Its specially designed, lightweight body weighs 600 pounds less than subsequent 166 MMs and its quick-release removable panels were designed to make maintenance easier and faster – especially during a race.

Powered by a Ferrari V12, the 166/250 MM Competition Spyder saw action in the 1953 Targo Florio race in Sicily, the 1953 Mille Milgia, numerous races at the Interlagos circuit in South America and it placed second in the Rio Grand Prix in Brazil.

The second RM Monterey headliner is a 1961 Chaparral 1 Sports Racing Car, the early brainchild of Texas-born racing driver Jim Hall, whose innovative cars dominated the unlimited class of sports car racing in the U.S. throughout the mid-1960s. This first edition Chaparral 1 is a Chevy-powered, front-engined car that shares a common heritage with the rear-engined “Scarab” racer, which was also designed by Chuck Pelly and constructed by the firm of Troutman-Barnes.

To this day, very few racing cars of any type have included and successfully demonstrated the successful innovations that Jim Hall engineered into his Chaparrals, revolutionizing race car aerodynamics and ground effects. On his way to a decade of victories, Jim Hall amazed the racing world from 1961 through 1970, developing fiberglass and aluminum chassis, aluminum-honeycomb and composite structural pieces. And he created the first car with vacuum-assisted roadholding, grabbing a distinct competitive advantage through the creative use of downforce.

In total, only five of the first edition Chaparrals were constructed. RM Auctions offers serious collectors a once-in-a-lifetime opportunity to acquire the car that founded the famous Chaparral Racing dynasty and launched Jim Hall’s into automotive history as the father of the “Texas Road Runners.”

“Each of these cars is not only evocative of the remarkable engineering advances of its era, but each also stands as a testament to the creativity and vision of the men who created them,” says Mike Fairbairn of RM Auctions. “At Monterey, discriminating buyers will have a chance to own a fascinating chapter of racing history.”

RM Auction’s Monterey Sports and Classic Car Auction will be held at the newly refurbished Portola Plaza Hotel (formerly the Doubletree Hotel) at Fisherman’s Wharf, 2 Portola Place, Monterey, California, beginning Friday evening at 6:00 p.m. August 13th and continuing on Saturday, August 14th from 6:00 p.m. until Midnight. Vehicles can be previewed beginning Thursday morning, August 12th from 9:00 a.m. until 6:00 p.m.

Admission is $30 per person (good for Friday and Saturday) with children under 12 admitted free of charge. An auction catalog is available for $50 U.S. including shipping and handling within North America, by calling 800-211-4371.

RM Auctions will mark its 25th Anniversary in 2004 and will host a variety of special anniversary celebrations and events throughout the year, including an official anniversary party July 16-18 at RM’s headquarters in Chatham, Ontario, Canada for customers, automotive notables and VIPs and featuring a special Canadian Concours d’Elegance.

RM Auctions, Inc., is the leader in the North American investment-grade collector car auction market. Worldwide RM Auctions was recognized by Catalogo Bolaffi, an Italian-based catalog that tracks classic auto auction sales worldwide, for selling the top five autos based on final hammer prices in 2002/2003 and six of the top ten. For additional information on RM Auctions Inc., please call (800) 211-4371 or visit the company web site at www.rmauctions.com

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