Media Release


RENOWNED DINGMAN COLLECTION ACHIEVES $9.8 MILLION AT AUCTION

The Dingman Collection 2012

• RM Auctions’ Dingman Collection 2012 sale realizes $9.88 million in sales, with 100 percent of all lots sold
• The sale continues RM’s strong track record for consistently exceeding high estimates at private collection auctions
• Automobile highlights include the 2011 Pebble Beach class-winning 1936 Ford Custom Cabriolet by Gläser for $396,000 and a 1938 Lincoln-Zephyr Coupe for $330,000
• Neon signs attract spirited bidding, headlined by circa 1950s Ford ‘Jubilee’ neon sign for $39,100
• Auction represents the second of four private collection sales scheduled in 2012


HAMPTON, New Hampshire (June 13, 2012) – RM Auctions reaffirmed its reputation as the specialist for single-vendor sales on the weekend (June 9–10), generating more than $9.88 million* in sales, with 100 percent of all lots sold at its Dingman Collection 2012 auction in New Hampshire.

Characterized by a superb assortment of Americana, the Dingman Collection represented many years of careful and meticulous acquisition by prominent businessman, investor, and philanthropist, Michael Dingman, a former Ford Motor Company director for over 21 years. In total, the weekend’s sale lifted the gavel on nearly 50 automobiles and more than 1,000 automotive signs and collectibles (offered in 845 individual lots) before a packed house, with those in the room joined by a large volume of bidders on the phone and over the Internet. Highlighting RM’s unsurpassed expertise in the cataloguing, marketing, and advertising of single-vendor sales, the auction attracted strong global interest with bidders hailing from 34 states across the US and as far away as Europe, South America, and the Middle East. Thirty-seven percent of bidders represented first time clientele.

We are delighted with the results from the weekend’s Dingman Collection sale,” said Mike Fairbairn, Co-Founder, RM Auctions. “The Dingman Collection was without question, one of the finest of its kind. The results speak for themselves, reflecting not only the exceptional rarity and quality of the collection but RM’s expertise in the handling of single-vendor sales and its strong track record for consistently exceeding high estimates at private collection auctions.

Topping the automobile offering was the stunningly rare, 2011 Pebble Beach class-winning 1936 Ford Model 48 Cabriolet with coachwork by Gläser, which well-exceeded its pre-sale estimate, realizing an impressive $396,000. A beautifully presented 1938 Lincoln-Zephyr Coupe also garnered strong attention, achieving a strong $330,000 against a pre-sale estimate of $125,000–$175,000. Reflecting the exceptional condition of the vehicles, seventy-three percent of automotive lots exceeded their high-estimates. Among an exhaustive list of other notable sales was a beautifully restored 1939 Lincoln-Zephyr Convertible Coupe for $269,500 and a 1938 Ford Deluxe Station Wagon for $209,000. Although not one of the most expensive lots of the day, but noteworthy nonetheless, was the rare and highly desirable 1986 Volkswagen Vangon GL Syncro, which was hotly contested by collectors, selling for a remarkable $22,000—more than five times its pre-sale estimate.

The top 10 automobile sales were as follows:

Lot 826: 1936 Ford Custom Cabriolet by Gläser - $396,000**
Lot 812: 1938 Lincoln-Zephyr Coupe - $330,000**
Lot 815: 1939 Lincoln-Zephyr Convertible Coupe - $269,500**
Lot 827: 1947 Ford Super Deluxe Sportsman Convertible - $253,000
Lot 814: 1939 Ford Deluxe Station Wagon - $247,500**
Lot 845: 2005 Ford GT - $242,000
Lot 810: 1938 Ford Deluxe Station Wagon - $209,000**
Lot 818: 1940 Ford Deluxe Station Wagon - $203,500**
Lot 819: 1940 Ford Standard Station Wagon - $192,500**
Lot 828: 1947 Ford Super Deluxe Station Wagon - $192,500**

Beyond the automobiles, the two-day sale featured one of the world’s most impressive automotive sign collections and a magnificent series of other collectibles, with 845 lots of nostalgia crossing the podium over the two days. Headlining the group was a wonderful assortment of neon signs, which attracted spirited bidding. Top sales honors went to a rare and highly pursued circa 1950s Ford “Jubilee” sign for $39,100, against a pre-sale estimate of $20,000–$25,000 and a striking Lincoln Mercury neon sign for $37,950, versus a pre-sale estimate of $15,000–$20,000. Other lots well exceeding expectations included a Ford Illuminated Sign, which achieved more than five times its pre-sale estimate, selling for $27,025 and a beautiful two-piece Ford Mercury sign, which tripled its estimate at $25,300.

Fairbairn added, “One of the most interesting aspects of this sale was the tremendous quality and quantity of porcelain and neon signs, petroliana, and other collectibles. Just the signs alone attracted a huge crowd, and many records resulted as these highly knowledgeable bidders fought each other for the best and most desirable lots in the sale.

The top five nostalgia sales were as follows:

Lot 793: Ford "Jubilee" - $39,100**
Lot 792: Lincoln Mercury - $37,950**
Lot 457: Ford Oval Lincoln Mercury- $33,350**
Lot 298: Lincoln Zephyr - $29,900**
Lot 800: A collection of 21 Route 66 signs, sold as a single lot - $29,900**
Lot 453: Ford V8 - $29,900**

RM’s team of talented people performed flawlessly in making this another successful sale,” said Michael Dingman following the sale. “We were particularly impressed with the focus, spirit, and competence of the RM team and how they treated guests and community people of all types and functions. We extend our complements for a job well done.

The Dingman Collection represents RM’s second successful single-vendor sale in 2012, following in the footsteps of the remarkable Milhous Collection, presented in association with Sotheby’s, in February. The company has confirmed two additional private collection sales for the remainder of 2012, including the Aalholm Automobile Collection, August 12 in Southern Denmark, and the Charlie Thomas Collection, October 19 in Dallas, Texas, USA.

Next up, RM returns to Plymouth, Michigan for its annual sale, held in conjunction with the Concours d’Elegance of America, at St. John’s on July 28.

Full results from the Dingman Collection sale, along with details on upcoming events, are available online at www.rmauctions.com.

*Prices are listed in USD and are inclusive of a 10% buyer’s premium for automobiles and 15% for all other lots

**Denotes lots exceeding pre-sale estimates

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