Media Release


MILHOUS COLLECTION ACHIEVES IMPRESSIVE $38.3 MILLION IN SALES

The Milhous Collection

• Highly anticipated Milhous Collection generates $38.3 million in sales with 100% of all lots sold
• Presented by RM Auctions in association with Sotheby’s, sale features an unprecedented collection of automobiles, mechanical musical instruments and collectibles
• Top-seller: 1912 Oldsmobile Limited Five-Passenger Touring establishes a world auction record, achieving $3,300,000
• RM Auctions continues its 2012 calendar, March 10 in Amelia Island, Florida


BOCA RATON, Florida (February 26, 2012) – RM Auctions in association with Sotheby’s lifted the gavel on the renowned Milhous Collection during a two-day sale this week in Boca Raton, Florida, generating over $38.3 million in sales with an impressive 100% of all lots sold.

The result of over 50 years of dedicated collecting by brothers Bob & Paul Milhous, the sale presented a range of exceptionally rare mechanical musical instruments, automobiles and collectibles before a packed house. Bidders represented 18 countries from around the world, including as far away as China, Russia and the United Arab Emirates.

Strong prices were recorded across all categories in the sale with contests between multiple bidders and prices frequently exceeding their estimates. The highest price of the multi-day sale went to a Pebble Beach class winning 1912 Oldsmobile Limited Five-Passenger Touring, chassis number 64626. The only known surviving example from that year and featuring one-off coachwork, the Oldsmobile attracted fierce bidding, realizing a final sales price of $3,300,000 to set a new world record for an Oldsmobile sold at auction

We’re thrilled with the results from the Milhous Collection sale,” says Rob Myers, Chairman and Founder, RM Auctions. “The incredible quality and presentation of the collection captured the attention of the global collector world, resulting in spirited bidding and setting numerous records. Never before has such a wonderful series of automobiles, mechanical musical instruments and collectibles been offered to the public in one location. In terms of its diversity, international interest and results, it set a new benchmark for this type of private collection sale.”

David Redden, Sotheby's Vice Chairman adds, "The extraordinary success of this collection is a testament to the vision of Bob and Paul Milhous. From mechanical musical instruments to antique firearms, motor cars to clocks, petroliana to the 46-foot carousel, each item was selected as one of the finest of its type. Interest came from around the world with clients reacting with enormous enthusiasm to the chance to own a part of the magical world of Milhous."

Headlining the sale was an impressive series of automobiles, spanning the spectrum of the collector car market from high-horsepower Brass era cars to a superb roster of coachbuilt classics and historically-significant Indianapolis racing cars. Each representing ‘best of category’ examples, the automobile offering spurred spirited bidding in the room, on the phones and over the Internet, with numerous lots exceeding pre-sale estimates. In addition to the sale-topping Oldsmobile, a flawless 1939 Lagonda V-12 Rapide Sports Roadster, delivered new to actor Robert Montgomery, more than doubled its pre-sale estimate selling for an astounding $990,000 to set a new world record for a road-going Lagonda. The Pebble Beach “Best of Show” winning 1934 Packard Super Eight Convertible Victoria by Dietrich, the first car acquired by the Milhous brothers, garnered a strong $308,000.

In addition to the motor cars, the sale was highlighted by an unprecedented offering of mechanical musical instruments, considered among the rarest, largest and most mechanically complex and decoratively elaborate examples in existence. The sale was a benchmark for these types of pieces, the range of which had never previously been seen at auction. Leading this part of the sale was the exquisite 1903 Ruth Style 38-B Fair Organ. One of only two examples known to exist, it generated a lively bidding contest before selling for an impressive $1,265,000. Another one of the absolute highlights of the Collection and the sale was the ornate Gaudin 125-Key Dance Organ which sold for $1,150,000.

The centerpiece of the collection, the 46-foot custom built carousel also drew strong interest from collectors. A one-of-a-kind, fully-functioning work of art, it spurred a lively bidding war in the room and on the phones, realizing a final sales price of $1,207,500 to applause from the crowd.

The impressive catalogue of 509 lots was rounded out by an eclectic assortment of other collectibles, ranging from ornate hall and tower clocks to such decorative art pieces as Tiffany lamps and various artworks, as well as a diverse series of petroliana, neon and porcelain signs, unique gasoline-powered tether cars and models, and a large range of firearms from the late 19th century. The clocks in sale were led by the E. Howard Four-Dial Painted Cast Iron Eight-Day Post Clock which soared over the high estimate to sell for $106,375. A further highlight of the clocks in the sale was a Black, Starr & Frost Hall Clock which fetched an impressive $103,500 against a pre-sale estimate of $50,000 - $60,000.

RM Auctions will wrap up an exciting two weeks in Florida, March 10 with the presentation of its 14th annual Amelia Island sale held in conjunction with the Amelia Island Concours d’Elegance.

To view full results or for further information on upcoming events, visit 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