Media Release


RM AUCTIONS CONCLUDES RECORD 2012 CALENDAR WITH $11.5 MILLION JOHN STALUPPI 'CARS OF DREAMS' MUSEUM SALE

The John Staluppi Collection

• RM’s John Staluppi ‘Cars of Dreams’ Museum sale generates more than $11.5 million with 100 percent of all lots sold
• The result of a decade of dedicated collecting by John Staluppi, the single-day sale presented 113 vehicles and 63 lots of memorabilia ‘without reserve’
• Top automotive lots included a 1956 Cadillac Series 62 Convertible for $299,750 and a 1968 Shelby Mustang GT500-KR Convertible for $264,000
• Memorabilia offering highlighted by a historic 1918 Herschell-Spillman 32’ Carousel for $460,000
• Sale concludes RM’s record 2012 calendar, consolidates the Company’s reputation as the specialist for private and estate collection sales


BLENHEIM, Ontario (December 3, 2012) – RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, concluded is 2012 calendar on a high note in Florida this past weekend (December 1), generating more than $11.5 million in sales with 100 percent of all lots sold at its John Staluppi ‘Cars of Dreams’ Collection sale in North Palm Beach.

The result of a decade of dedicated collecting by respected collector and successful entrepreneur, John Staluppi, the single-day auction presented a magnificent range of American automobiles and memorabilia before a standing-room only crowd. Capturing the attention of the global collector community, bidders hailed from 10 countries from around the world, including as far away as Brazil, Germany and Australia. On a national level, bidders represented 42 states across the United States.

We’re thrilled with the results from the John Staluppi ‘Cars of Dreams’ Museum sale,” says Donnie Gould, Partner & Specialist, RM Auctions. “Well-respected in the hobby, John had a very precise collecting philosophy that focused on securing only the ‘best of the very best’. The results from the sale reflect the great quality and presentation of the offering. Numerous lots attracted enthusiastic bidding with prices frequently exceeding their estimates. All in all, it was a great auction and a fitting end to what has been a record year for RM.”

The automobile offering comprised a wide variety of some of the finest, rarest and most desirable American automobiles ever produced, with a strong emphasis on convertibles and performance cars. Headlining the list of 113 automobiles on offer was a magnificently restored 1956 Cadillac Series 62 Convertible. Considered near the pinnacle of Cadillac’s post-war flamboyance, the brilliant Mandan red convertible drew lively bidding, eclipsing its pre-sale estimate of $150,000 - $200,000 to sell for a strong $299,750. The remarkable sales price represents a new world record for a 1956 Cadillac Convertible sold at auction. In addition to the sale-topping ’56 Cadillac, other highlights from the same marque included a 1958 Cadillac Eldorado Biarritz Convertible for $206,250 and a 1960 Cadillac Eldorado Biarritz Convertible also for $206,250 – a new auction record for the 1960 model year.

Other notable sales included a rare Acapulco Blue 1968 Shelby Mustang GT500-KR Convertible which garnered an impressive $264,000; a 1958 Chevrolet Bel Air Impala Custom Hardtop Coupe, equipped with an 840 bhp, LS-9, supercharged V-8, which almost doubled its pre-sale estimate, selling for $198,000; and a 1966 Ford Mustang Convertible which also exceeded expectations, realizing a strong $78,100.

In addition to the automobiles, the auction also featured an eclectic assortment of memorabilia. Leading this segment of the sale was a historic 1918 Herschell-Spillman 32’ Carousel which spurred a lively bidding war, eventually selling for a terrific $460,000 to applause from the crowd. Other notable memorabilia highlights included a one-of-a-kind large-scale Lionel train layout, measuring approximately 30 feet long by 15 feet wide and nine feet tall, another lot that well-exceeded estimate, bringing $103,500; and a fully-functioning, authentic Cretors Antique Popcorn Wagon which also drew spirited bidding, more than doubling its pre-sale estimate at $63,250.

RM Auctions – The John Staluppi ‘Cars of Dreams’ Museum Top Five Sales

Lot 163 – 1918 Herschell-Spillman 32’ Carousel - $460,000
Lot 220 – 1956 Cadillac Series 62 Convertible - $299,750
Lot 232 – 1968 Shelby Mustang GT500-KR Convertible - $264,000
Lot 264 – 1958 Cadillac Eldorado Biarritz Convertible - $206,250
Lot 283 – 1960 Cadillac Eldorado Biarritz Convertible - $206,250

The John Staluppi ‘Cars of Dreams’ Museum sale capped off a record year for RM Auctions which, in addition to its annual catalogue sales, included five standalone single-vendor auctions illustrating RM’s expertise in the marketing, cataloguing and presentation of private and estate collections.

I chose RM Auctions as they are one of the most professional companies in the auction business. No other company could’ve offered my collection the way RM did. From start to finish, the job was done to perfection. I have no hesitation recommending them to others,” said John Staluppi following the sale.

With a very positive forecast for the New Year, RM kicks off its 2013 auction season, January 18 in Phoenix, Arizona, closely followed by the presentation of the Bruce Weiner Microcar Museum Collection – the world’s largest collection of the world’s smallest cars – February 15 – 16 in Madison, Georgia.

Full results from the John Staluppi ‘Cars of Dreams’ Museum Collection, along with additional information on upcoming RM events, is 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