Media Release


RM AUCTIONS SETS NEW WORLD RECORD IN MONTEREY WITH $31 MILLION IN VINTAGE AUTOMOBILES SOLD

The Monterey Sports and Classic Car Auction

Rare European 1938 Talbot-Lago Teardrop Coupe Sells for $3.6 Million Highlighting Monterey Sports & Classic Car Auction at Portola Plaza Hotel

BLENHEIM, Ontario, Canada (August 23, 2005) – RM Auctions completed another outstanding sale at its 20th annual Monterey Sports and Classic Car Auction totaling $31 million and topping all other auction events. The 2005 auction event held August 19-20, 2005 at the Portola Plaza Hotel in Monterey, CA, was the largest single offering in the history of the famed Monterey weekend and a new world record for a two-day auction of vintage automobiles. The sale saw an outstanding 91 percent of cars sold and included seven cars that sold for more than $1 million apiece.

Headlining the auction was a stunning 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe that sold for $3,685,000. The one-off car had spent its entire life in Europe – making its first North American appearance on the RM auction block. The Teardrop Coupe, named for the seductive shape of the car’s pillarless windows and sculptured body, is recognized as the pinnacle of French Art Deco design.

Excitement also built around the North American debut of the super-luxury 2006 Maybach 57 S which was driven on stage by Tonight Show host Jay Leno and a surprise “hitchhiker” - the legendary racer Sir Stirling Moss and sold for $550,000 to a Texas collector. With encouragement from Leno and a special appearance by Ulrich Maybach, great-grandson of founder Wilheim Maybach, charitable proceeds from the Maybach 57 S and the generosity of RM's clients raised funds for the Boys & Girls Club of America.

“We are more than pleased with the results of our Monterey event which was the most exciting and largest sale in our company’s history and set a new world record for a two-day auction of vintage automobiles,” said Rob Myers, Founder of RM Auctions. “We saw strong prices across the board on the sports and racing cars, muscle cars and even the more popular classics – sure signs of a healthy market.”

Joining the Talbot-Lago in the million dollar plus category were six other incredible automobiles:

• 1964 Ford GT40 Prototype – the actual car that won the 1965 Daytona Continental Race, driven by Ken Miles and Lloyd Ruby, splendid in its 1966 racing livery. ($2,502,500) • 1932 Alfa Romeo P3 Tipo B Monoposto – one of three remaining examples out of 6, this ex-Scuderia team car won the 1934 Monaco Grands Prix in additions to finishes at Monza, Nurburgring and Rheims ($2,100,000) • 1970 Ferrari 512S Spyder Sports Racing Car - 550bhp, 4,496cc dual overhead cam V12 made this the fastest car Ferrari had ever built to date, capable of 235mph plus ($1,947,000) • 1958 Ferrari 250 GT Tour de France Berlinetta – a Scaglietti-bodied, Pinin Farina design was the last Tour de France built with a storied racing provenance. ($1,457,500) • 1959 Ferrari 250 GT LWB California Spyder – Known to collectors as one of the most beautiful Ferraris ever built, it is as graceful standing still as it is at top speed. ($1,320,000) • 1938 Mercedes-Benz 540K Special Roadster - The centerpiece of the ’37 Berlin Motor Show, it was the automobile of choice of royalty and international celebrities. ($1,017,500)

Other notable highlights from the two-day RM Monterey auction included:

• 1951 Ferrari 340 America Berlinetta - this hot rod of sports racing Ferraris and one of only two closed Berlinettas to receive Touring’s superlight coachwork. ($973,500) • 1971 Porsche 917 Spyder – formerly from the famed Harrah Collection and considered to be one of the most desirable of all vintage Porsche racers. Recently restored to its former glory. ($863,500) • 1962 Chaparral 1 Sports Racing Car, a revolutionary design by legendary Jim Hall that would dominate its class in the 1960’s. One of five built of the original first series. ($577,500) • 1964 Shelby 289 Cobra “Dragonsnake” – born into the prime of the drag racing era, this Cobra successfully defended Carroll Shelby’s legacy, winning countless events. ($451,000) • 1949 Jaguar XK120 Roadster Prototype - the first XK120 prototype ever built (Chassis 67001) was the world's fastest production car and launched the Jaguar sports car dynasty. ($440,000) • 1971 Plymouth Hemi ‘Cuda - the holy grail of muscle cars today. This factory original, with less 30,100 miles was one of only two finished in Autumn Mist Metallic, out of only 108 built. ($412,500)

Final results from Monterey Sports and Classic Car Auction can be found at: www.rmauctions.com

Celebrating more than 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 the latest information on this event and RM Auctions, Inc., please call toll-free (800) 211-4371, or visit the corporate 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