Highest Results at Monterey? RM Earns $67M, Sells 95%

BLENHEIM, ON (August 17, 2010) – RM delivered a one, two punch in Monterey this past weekend during the year’s pinnacle event for the collector car hobby, posting the week’s highest auction results of $67 million in total sales with an impressive 95% of all lots sold, and clinching an unprecedented fourth “Best of Show” win in 10 years at the prestigious Pebble Beach Concours d’Elegance with the stunning 1933 Delage D8S de Villars Roadster.

The company’s highly-anticipated Sports & Classics of Monterey event kicked off the weekend in grand style, celebrating the 25th anniversary of Monterey’s first and original collector car auction with the most significant auction offering ever presented on the Peninsula. In total, 16 lots achieved individual million-dollar-plus results, the most recorded by any single auction house during this year’s Monterey auto week. Top sellers included an exquisite 1938 Talbot-Lago T150-C Lago Speciale with coachwork by Figoni et Falaschi, and an exceptional 1954 Ferrari 375 MM Berlinetta, the fifth of only seven examples built, each selling for $4,620,000. In addition, a rare 1948 Tucker 48 Sedan set a new world record for a Tucker sold at auction, selling for $1,127,500.

“We are thoroughly pleased with the results from the weekend’s sale. They build upon RM’s seven previous successful sales this year, including the record-breaking inaugural Monaco event, and are a reflection of the hard work and dedication of the entire RM team,” says Rob Myers, Founder and Chairman, RM Auctions.

“The high-caliber of consignments combined with accurate estimates provided by our expert team of car specialists led to the very strong 95 percent sell-through and record number of over 1,000 bidder registrations from 29 countries around the world, including Monaco, Brazil, Japan and the United Arab Emirates,” Myers added.

RM’s strong Sports & Classics of Monterey auction results were
complemented by success on the show field on Sunday when the stunning 1933 Delage D8S de Villars Roadster, owned by The Patterson Collection in Louisville, Kentucky, and restored by RM Auto Restoration, was named ‘Best of Show’ at the world-renowned Pebble Beach Concours d’Elegance. The win represents RM’s fourth at Pebble Beach in the past decade, with top honors previously received in 2001, 2004 and 2006, cementing the company’s reputation as the world’s premier restoration facility for vintage automobiles. Other award-winning entries that have passed through RM Auto Restoration’s doors included the 1929 Duesenberg Model J Dual Cowl Phaeton, owned by Charles Letts of Detroit, Michigan, and the 1934 Packard Sports Coupe, owned by Ralph and Adeline Marano of Westfield, New Jersey.

RM Auctions’ 2010 ‘Sports & Classics of Monterey’ Million-Dollar-Plus Sales

Lot 359: 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe – $4,620,000

Lot 351: 1954 Ferrari 375 MM Berlinetta – $4,620,000

Lot 353: 1949 Delahaye Type 175 S Roadster by Saoutchik – $3,300,000

Lot 360: 1959 Ferrari 250 GT LWB California Spyder – $2,612,500

Lot 347: 1955 Jaguar D-Type – $2,090,000

Lot 365: 2007 Ferrari FXX Evoluzione – $1,925,000

Lot 335: 1959 Ferrari 410 Superamerica Series III Coupe – $1,760,000

Lot 345: 1933 Packard Twelve Coupe – $1,622,500

Lot 346: 1958 Ferrari 250 GT Series I Cabriolet – $1,622,500

Lot 255: 1964 Shelby Cobra USRRC Roadster – $1,595,000

Lot 342: 1954 Ferrari 500 Mondial Berlinetta – $1,567,500

Lot 341: 1933 Duesenberg SJ Riviera Phaeton – $1,430,000

Lot 349: 1966 Ferrari 275 GTB/6C Alloy Berlinetta – $1,155,000

Lot 339: 1966 Ferrari 500 Superfast – $1,127,500

Lot 246: 1948 Tucker 48 Sedan – $1,127,500

Lot 363: 1967 Ferrari 275 GTB/4 Berlinetta – $1,045,000

RM Auctions continues its 2010 auction calendar with its annual Vintage Motor Cars of Hershey event in Hershey, Pennsylvania, October 7-8, closely followed by Automobiles of London, October 27 in London, UK.

For further information on upcoming events, or to view complete, official results from the three-day Sports & Classics of Monterey event, please visit rmauctions.com.

*Footnote: Results are listed in US Dollars and include 10% buyers premium

** Photo captions:

1. Top-seller: 1938 Talbot-Lago T150-C Lago Speciale (photo credit: image courtesy RM Auctions)

2. ‘Best of Show’: 1933 Delage D8S de Villars Roadster (photo credit: Veronica Lane Photography © 2010, courtesy RM Auctions)

Tony Piff

SCM Auctions Editor and Photographer

Tony has long trumpeted the virtues of collecting Japanese cars. His daily driver is a 1970 Toyota Hilux — the one with the turn signals on top of the fenders. His popular “Rising Sun” column keeps a pulse on the J-tin market.

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