Media Release


FERRARIS LEAD THE WAY TO RM'S $25.5 MILLION ARIZONA SALE

Arizona

• RM Auctions kicks off 2012 with more than $25.5 million in sales and a 89 percent sell-through at the Arizona Biltmore
• Top-seller: 1957 Ferrari 410 Superamerica Scaglietti Coupe achieves $1,815,000
• Auction attracts bidders from 21 countries around the world
• RM continues its 2012 calendar in Florida with the presentation of the Milhous Collection, February 24-25 and its highly anticipated Amelia Island sale, March 10


PHOENIX, Arizona (January 22, 2012) – RM Auctions kicked off its 2012 calendar on a positive note in Arizona last week, posting over $25.5 million* in sales with a strong 89 percent sell-through at its annual Arizona Biltmore sale in Phoenix.

Now in its 13th year, the well-established auction presented a magnificent roster of 140 blue-chip motor cars – spanning the spectrum of the collector car market – before a standing-room only crowd. Illustrating RM’s global clientele, bidders represented 21 countries around the world, with a strong showing of European enthusiasts.

Our Arizona sale proved to be a great kick start to what is shaping up as another terrific auction year. We are very pleased with the results of the sale and were delighted to welcome the world’s premiere collectors back to the Arizona Biltmore,” said Rob Myers, Chairman & Founder, RM Auctions.

The results speak for themselves, once again proving that great automobiles, rare, correct examples with documented provenance, consistently attract great prices at auction as collectors continue to seek out the best examples for their collections. We look forward to continuing the momentum at our upcoming Milhous Collection and Amelia Island sales.”

Headlining the top-sellers list at RM’s two-day Arizona auction was a superb roster of Ferraris, led by the unique ex-Dottore Wax / Greg Garrison 1957 Ferrari 410 Superamerica Scaglietti Coupe, s/n 0671 SA, the only example of the 34 410 Superamericas to have been bodied new by Scaglietti. The first new Ferrari road car to be bodied by the esteemed Modenese coachbuilder, 0671 SA claimed top honors of the weekend, selling for a strong $1,815,000 to great applause from the crowd.

Cementing RM’s position as a leader in the presentation of important and historic Ferraris at auction, the sale presented no less than 10 examples from the Modenese prancing horse. A 1991 Ferrari F40 Berlinetta with less than 300 miles and originally delivered new to famed auto executive Lee Iacocca, spurred a lively bidding war in the room, achieving a record price of $781,000, while a desirable 1973 Ferrari 365 GTB/4 Daytona Spyder, s/n 16705, offered for the first time in 23 years brought $990,000, and a multi-award winning 1963 Ferrari 250 GT Lusso Berlinetta, s/n 4459 GT, realized $979,000.

Additional sale highlights included a beautifully restored 1959 BMW 507 Roadster for $990,000 and a low mileage 1966 Shelby 427 Cobra Roadster for $880,000. An outstanding, concours-quality 1958 Porsche 356A 1600 Speedster also garnered strong attention, selling for an exceptional $335,500.

RM’s top six Arizona sales:
1. 1957 Ferrari 410 Superamerica Scaglietti Coupe - $1,815,000
2. 1959 BMW 507 Roadster - $990,000
3. 1973 Ferrari 365 GTB/4 Daytona Spyder - $990,000
4. 1963 Ferrari 250 GT Lusso Berlinetta - $979,000
5. 1930 Duesenberg Model J LWB LeBaron Dual Cowl Phaeton - $880,000
6. 1966 Shelby 427 Cobra - $880,000

Next month, RM in association with Sotheby’s will lift the gavel on one of the world’s finest private museums, the Milhous Collection, during a multi-day sale, February 24– 25 in Boca Raton, Florida. Carefully amassed over the past 50 years by brothers Bob & Paul Milhous, the two-day sale will present an unparalleled selection of automobiles, rare mechanical musical instruments and desirable collectibles. For further information including select video and audio highlights visit www.rmauctions.com/milhous.

The Milhous Collection sale will be closely followed by the company’s highly anticipated Amelia Island sale, March 10, featuring an exceptional roster of approximately 100 handpicked automobiles, each representing the finest of their type.

Full results from the Arizona sale will be posted online at www.rmauctions.com.

*All figures are reported in U.S. dollars and include 10 percent buyer’s premium.

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