Media Release


RM ENJOYS STRONG RESULTS IN THE AUCTION ROOM AND ON THE SHOW FIELD AT AMELIA ISLAND

Amelia Island

- RM Auctions 14th annual Amelia Island sale generates more than $23 million with 88 percent of all lots sold
- Top-seller: one-off 1929 Cord L-29 Hayes Coupe attracts spirited bidding, garnering $2,420,000
- Six automobiles fetch individual sale prices over $1,000,000; new auction records established for a DB5 Vantage Convertible, 300SL Roadster and Dino 246 GTS
- Ferrari GTO Sculpture and Ultimate Bugatti Driving Experience sold to benefit the Spina Bifida Association of Jacksonville; proceeds from Alfa Romeo 2600 Spider support The National Road Safety Foundation, Inc.
- Strong sales results complemented by more success on the show field for RM Auto Restoration


AMELIA ISLAND, Florida (March 11, 2012) – RM Auctions, the official auction house of the Amelia Island Concours d’Elegance, continued its strong track record in Northern Florida this weekend, generating more than $23 million in sales before a packed house at its well-established sale at the Ritz-Carlton. The 88 percent sell through rate saw 92 of the 106 pre- and post-war motor cars changing hands, with six automobiles achieving million-dollar-plus results and spirited bidding leading to the establishment of numerous new auction records.

Top honors went to a stunning 1929 Cord L-29 Special Coupe by The Hayes Body Corporation – a stunning, one-off design statement by Count Alexis de Sakhnoffsky, widely recognized as the most significant L-29 in existence. An outstanding example of Classic Era styling, the ‘Hayes Coupe’ garnered strong attention from bidders in the room and on the phones, selling for an impressive $2,420,000 to applause from the crowd.

“This year’s Amelia Island weekend was once again a great success for the RM team with over $23 million in sales and more accolades for RM Auto Restoration. We’re very pleased with the results achieved both in the auction room and on the show field, as well as the strong global interest in the sale - bidders hailed from 16 countries around the world,” said Rob Myers, Chairman & Founder, RM Auctions.

Myers added, “The Amelia sale wrapped up a fantastic two weeks in Florida for RM, including the recent Milhous Collection sale presented in association with Sotheby’s. Combined, the events generated more than $61 million in sales, illustrating the continued strength of the collectibles hobby. We look forward to building on the strong results at our next sale in Monaco in May.”

In addition to the sale-topping Cord L-29, also hotly contested at Saturday’s auction was a highly desirable and extremely rare 1965 Aston Martin DB5 Vantage Convertible, one of the seven original Vantage-powered DB5 Convertibles produced. Spurring a lively bidding war, the DB5 realized an impressive $1,210,000, smashing the previous record for a DB5 Convertible sold at auction. A freshly restored 1960 Mercedes-Benz 300SL Roadster also entered the history books, selling for $990,000 - a world record price for a 300SL Roadster sold at auction.

Continuing RM’s strong track record for Ferrari sales at Amelia, examples from the Modenese Prancing Horse also performed well. Headlining the group of nine examples on offer was the exceptional, ex-Agnelli Family 1956 Ferrari 250 GT Coupe Speciale, one of just four built, selling for $1,430,000, while a distinctively sporty 1973 Ferrari Dino 246 GTS “Chairs and Flares” achieved a record-setting $363,000. Additional notable Ferrari sales included a superb 1972 Ferrari 365 GTB/4 Daytona Spyder for $1,210,000 and a rare, unique covered headlight 1961 Ferrari 250 GT Series II Cabriolet for $770,000.

RM Amelia Island Million-Dollar-Plus Sales:

Lot 132 – 1929 Cord L-29 Special Coupe $2,420,000
Lot 141 – 1956 Ferrari 250 GT Coupe Speciale $1,430,000
Lot 152 – 1965 Aston Martin DB5 Vantage Convertible $1,210,000
Lot 173 – 1972 Ferrari 365 GTB/4 Daytona Spyder $1,210,000
Lot 183 – 1967 Ferrari 275 GTB/4 Berlinetta $1,100,000
Lot 178 – 1930 Bugatti Type 46 Superprofile Coupe $1,017,500

Beyond the automobiles and a select series of collectible motorcycles featured in the RM catalogue, the Amelia sale also lifted the gavel on one of only three known complete Lalique Mascot Collections, headlined by the rarest Lalique of all, Le Renard (The Fox), for $805,000. The offering was rounded out by a Ferrari 250 GTO Bronze Sculpture which sold for $23,000 and an Ultimate Bugatti Ride & Drive Experience, presented by the Amelia Island Concours d’Elegance and Bugatti Automobiles of The Americas, for $10,350, both benefitting the Spina Bifida Association of Jacksonville. Also supporting a wonderful cause, a 1963 Alfa Romeo 2600 Spider which achieved $60,500 with proceeds going to The National Road Safety Foundation, Inc – a non-profit organization dedicated to reducing crashes, death and disability on US roads.

RM’s strong sales results were complemented by success on the show field at the Amelia Island Concours d’Elegance on Sunday with a number of award-winning entries having passed through RM Auto Restoration’s doors, cementing the company’s reputation as the world’s premier restoration facility for vintage automobiles. Among those receiving accolades were the majestic 1931 Duesenberg Model J Derham Tourster, owned by Judge Joseph Cassini III and Margie Cassini of West Orange, New Jersey which was judged ‘Best in Class’; and the elegant 1938 Jaguar SS Graber Coupe, owned by Frank and Milli Ricciardelli of Monmount Beach, New Jersey, which received a Special Amelia Award.

RM continues its 2012 auction calendar, May 11 – 12 with the return of its biennial Monaco sale at the Grimaldi Forum. Held during the same weekend as the Grand Prix Historique de Monaco, the two-day sale will lift the gavel on an elite, handpicked selection of blue-chip automobiles, joined by the acclaimed Saltarelli Collection, one of the world’s most significant private Ducati Collections.

RM returns to North America, June 8 – 9 with the presentation of the Dingman Collection 2012, a continuation of the company’s highly successful 2006 Dingman sale of Ford motor cars and rare, desirable automotive signs. In the meantime, the excitement continues in Florida this week as RM’s subsidiary company, Auctions America by RM, presents the 10th annual Collector Cars of Fort Lauderdale sale, March 16 – 18 at the Greater Fort Lauderdale / Broward County Convention Center.

Further information on upcoming events, along with full results on RM’s Amelia Island are available online at www.rmauctions.com. For further information on Auctions America by RM’s Fort Lauderdale sale visit www.auctionsamerica.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