Media Release


$2.75 MILLION DUESENBERG MODEL J CONVERTIBLE COUPE TOPS RM AUCTIONS’ VINTAGE MOTOR CARS IN ARIZONA SALE

Single-Day Auction Sales is Highest in Six-Year History of Event, Marked by Record Sales of a 1962 Presidential “Bubbletop” Lincoln Continental and 1933 Stutz DV-32 Convertible Coupe

PHOENIX, Arizona (January 31, 2005) – RM Auctions’ 6th annual Vintage Motor Cars in Arizona was a tremendous success, posting record sales of $18.7 million, and a sales rate of 95% during the single-day event hosted at the magnificent Arizona Biltmore Resort & Spa in Phoenix. Bidder registration increased over 60%, leading to a spirited setting and record prices in the auction hall.

The auction’s top seller was the 1934 Duesenberg Model J Convertible Coupe which crossed the block for $2.75 million. This Duesenberg was one of the most expensive and luxurious American cars ever built featuring La Grande coachwork by the A.H. Walker Company of Indiana. The car received a fresh 100-point restoration by Fran Roxas and won the First in Class award at Pebble Beach in 2004.

The Duesenberg was followed closely in the bidding by the 1962 Aston Martin DB4 GT “Zagato” Coupe, which was also hammered down for nearly $2.7 million and the 1953 Ferrari 250 Mille Miglia Competition Berlinetta which sold for $1.4 million.

Two cars broke records in Arizona, the 1962 Presidential “Bubbletop” Lincoln Continental and a 1933 Stutz DV-32 Convertible Coupe. The “Bubbletop,” was primarily used by the first lady, Mrs. Jacqueline Kennedy and subsequently used by President John F. Kennedy, visiting world leaders and dignitaries. The sale recorded the highest price for a Lincoln at public auction, with a final selling price of $632,500. The second is a 1933 Stutz DV-32 Convertible Coupe, which is one of the world’s rarest and finest examples of a classic Stutz which also broke the record for a public sale at $781,000.

“When cars of this quality and rarity are offered, serious collectors and investors know this was an opportunity to acquire the very best,” says Rob Myers of RM Auctions. “We suspected this year’s selection of historically significant and impeccably restored cars was poised to set new records and we were not disappointed.”

Other notable vehicle sales that contributed to the record-setting total included: · 1933 Auburn 12-165 Salon Twelve Speedster - $506,000 · 1931 Marmon Sixteen Conv. Coupe - $456,500 · 1954 Ferrari 250 Europa - $385,000 · 1953 Chrysler Ghia GS-1 Thomas Special - $354,750 · 1957 BMW 507 Roadster - $346,500 · 1935 Auburn Boatail Speedster - $335,500 · 1960 Mercedes-Benz 300SL Roadster - $297,000 · 1933 Chrysler CL Imperial Phaeton - $230,000

RM heads to Florida’s Gold Coast for the next sale, the Boca Raton Collector Car Auction. Held at the prestigious Royal Palm Polo Grounds in Boca Raton, Florida, on February 11, 12 & 13, 2005, over 20,000 car enthusiasts are expected to converge over this annual three-day weekend event and the auction will fuel their automotive passion with over 400 special interest automobiles available for sale.

RM Auctions will also host another important Florida sale of over 100 of the world’s rarest and most desirable collector cars at the “Vintage Motor Cars at Amelia Island” event, on March 12, 2005. The Amelia Island sale will be held at the elegant Ritz-Carlton Hotel on Amelia Island, located just north of Jacksonville, Florida. Admission to the Vintage Motor Cars at Amelia Island sale is by catalog only, which admits both the catalog holder and a guest. Auction catalogs will be available in February for $60 U.S., including shipping and handling within North America, by calling 800-211-4371.

Celebrating 25 years in the collector car industry, RM Auctions, Inc., and its sister companies are responsible for acquiring, restoring and selling of the world’s rarest and most expensive vintage automobiles, including Best of Show winning cars at the prestigious Meadow Brook and Pebble Beach Concours. For additional information on RM Auctions Inc., please call (800) 211-4371 or visit the corporate web site at www.rmauctions.com.

Media Contact:
Terrance D. Lobzun
media@rmauctions.com
519-352-4575

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