Media Release


PAIR OF MAJESTIC DUESENBERGS TOP RM’S $10.7 MILLION HERSHEY SALE

Hershey

• RM Auctions generates $10.7 million in sales with 95 percent of all lots sold at its Hershey, Pennsylvania auction
• Top sales honors go to a pair of historic Duesenbergs from the distinguished Ray Bowersox Collection
• Pair of Packards – one magnificently restored and one in unmolested, original condition – also attract significant interest, well-exceeding pre-sale estimates
• Auction draws international audience, with bidders representing 17 countries around the world
• RM continues its busy fall calendar of events October 20 with the Charlie Thomas Collection in Dallas, Texas, closely followed by the company’s central London sale, October 31


BLENHEIM, Ontario (October 16, 2012) – RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, continued its strong track record in Hershey, Pennsylvania last week (October 11–12), generating more than $10.7 million in total sales with a remarkable 95 percent of all lots sold at its annual sale held during the AACA Eastern Regional Fall Meet.

Highlighted by a magnificent series of Brass and Classic Era automobiles, the two-day sale saw approximately 120 automobiles, joined by a selection of vintage motorcycles and memorabilia, cross the auction podium before a packed house. The standing-room only audience was joined by bidders on the phone and via the Internet, resulting in numerous, spirited bidding wars. Reflecting RM’s international clientele, bidders hailed from 17 countries around the world, including as far away as Germany, Israel, and New Zealand.

We are very pleased with the results and strong global interest received in this year’s Hershey sale,” says Rob Myers, Chairman & Founder, RM Auctions. “With many lots offered fresh to the market, collectors recognized the wide range of exclusive ownership opportunities the sale presented, as illustrated by strong bidder registrations and numerous, lively bidding contests. Almost 25 percent of bidders represented first time clientele, with bidder registrations well-surpassing levels enjoyed at our 2011 sale. We look forward to continuing the momentum at our upcoming Charlie Thomas and London auctions later this month.”

American classics were the toast of RM’s 2012 Hershey auction, with a pair of majestic Duesenbergs, each offered fresh to the market from the distinguished Ray Bowersox Collection, claiming top sales honors. Rolling onto the stage to great applause from the crowd, the star lot of the weekend, an exceptional 1931 Duesenberg Model J Dual Windshield ‘Barrelside’ Phaeton by LeBaron, J299, attracted spirited bidding in the room and on the phones, eventually selling for an impressive $1,292,500. One of just seven examples built and of six known survivors, the famous J299—an esteemed part of the Bowersox Collection since 1985—was the winner of the epic 1932 “celebrity” race at Lake Muroc against the Marx brothers’ Mercedes-Benz, a spectacular provenance pronounced as being almost as “valuable as the car itself” by auctioneer Max Girardo. Also from the Bowersox Collection, and garnering strong interest from collectors, was a supremely elegant 1929 Duesenberg Model J Sport Sedan, J139, with coachwork by the Walter M. Murphy Company. Offered for the first time since 1979, the handsome Model J, one of only two sporting examples, realized $792,000.

Additional sale highlights included a pair of Packards, which drew enthusiastic bidding to achieve strong auction prices and illustrated continued demand for both restored and unrestored automobiles. Magnificently presented, a luxurious, concours-quality 1933 Packard Twelve Convertible Coupe, the recipient of a recent 100-point restoration, exceeded its pre-sale estimate to bring $451,000. In contrast to the magnificently restored vehicle, another Packard from the same model year—an outstanding, original 1933 Packard Twelve Convertible Coupe—sparked one of the sale’s most intense and exciting bidding wars, selling for an extraordinary $357,500, more than double its pre-sale estimate. Also well-exceeding its pre-sale estimate was a magnificently ornate 1894 Silsby Fourth Size Horse-Drawn Steam Pumper, which sold for $396,000

RM Hershey Top Five Sales:
1. 1931 Duesenberg Model J Dual Windshield ‘Barrelside’ Phaeton - $1,292,500
2. 1929 Duesenberg Model J Sport Sedan - $792,000
3. 1933 Packard Twelve Convertible Coupe - $451,000
4. 1894 Silsby Fourth Size Horse-Drawn Steam Pumper - $396,000
5. 1933 Packard Twelve Convertible Victoria - $357,500

RM continues its busy fall calendar of events with the presentation of the respected Charlie Thomas Collection near Dallas, Texas, October 20. Continuing RM’s reputation as the specialist for private and estate collection sales, the single-day, single-vendor auction later this week will present 175 quality collector cars without reserve, selling to the highest bidder. RM will then conclude the month with its highly anticipated central London sale, October 31, with a spectacular roster of 90 automobiles and two motorcycles poised to go under the gavel at Battersea Evolution.

Further information on the Charlie Thomas Collection and London sales, including complete digital catalogues, along with full results from last week’s Hershey sale, are available online at 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