{"id":2543,"date":"2015-08-19T12:21:28","date_gmt":"2015-08-19T12:21:28","guid":{"rendered":"http:\/\/www.desert-motors.com\/?p=2543"},"modified":"2015-10-11T12:38:41","modified_gmt":"2015-10-11T12:38:41","slug":"rm-sothebys-sets-new-collector-car-auction-benchmark-with-172-9-million-monterey-extravaganza","status":"publish","type":"post","link":"http:\/\/www.desert-motors.com\/?p=2543","title":{"rendered":"RM Sotheby&#8217;s Sets New Collector Car Auction Benchmark with $172.9 Million Monterey Extravaganza"},"content":{"rendered":"<p><strong>\u00b7 RM Sotheby\u2019s generates highest ever total for a collector car auction: $172.9 million in sales at its flagship Monterey, California event<\/strong><br \/>\n<strong> \u00b7 1964 Ferrari 250 LM claims top sale of the 2015 Monterey Car Week at a record $17,600,000<\/strong><br \/>\n<strong> \u00b7 Pinnacle Portfolio sets new auction benchmark for a single-day, single-vendor auction at $75.4 million<\/strong><br \/>\n<strong> \u00b7 RM Auto Restoration claims sixth Best of Show win at the prestigious Pebble Beach Concours d\u2019Elegance<\/strong><br \/>\n<strong> \u00b7 Complete results available at www.rmsothebys.com<\/strong><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/AxchPj16Ni0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><strong>More than 3,600 auction attendees<\/strong><br \/>\n<strong> Bidders from 31 countries<\/strong><br \/>\n<strong> Nine hours of auction action<\/strong><br \/>\n<strong> 129 cars sold<\/strong><br \/>\n<strong> $172.9 million in sales<\/strong><br \/>\n<strong> 36 individual million-dollar-plus results; seven lots achieve more than $5 million; four lots exceed $10 million<\/strong><\/p>\n<p><strong>LOS ANGELES, California (August 19, 2015)<\/strong> \u2013 RM Sotheby\u2019s cemented its undisputed leadership position in the global collector car auction industry on the weekend, generating a remarkable $172.9 million* in auction and post-auction private sales during its three-day Monterey event in California. The impressive tally ranks the event as the highest grossing collector car auction of all time, besting the company\u2019s 2014 Monterey performance by more than 20 percent.<\/p>\n<p>In addition to posting the top auction sales of the weekend, the RM team clinched its sixth \u2018Best of Show\u2019 win at the Pebble Beach Concours d\u2019Elegance on Sunday, with the spectacular 1924 Isotta Fraschini Tipo 8A F. Ramseier &amp; Cie Worblaufen Cabriolet, owned by The Patterson Collection and freshly restored by RM Auto Restoration, taking top honors at the prestigious event. The win represents RM\u2019s sixth \u2018Best of Show\u2019 at Pebble Beach in the new millennium, an unmatched achievement, and was joined by a number of other awards for other RM Auto Restoration prepared cars.<\/p>\n<p><a href=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image005.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-2544 aligncenter\" src=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image005.jpg\" alt=\"image005\" width=\"690\" height=\"518\" data-id=\"2544\" srcset=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image005.jpg 690w, http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image005-300x225.jpg 300w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><\/a><\/p>\n<p>\u201cWe\u2019ve certainly reached new heights with this year\u2019s Monterey sale, setting multiple new benchmarks,\u201d says Ian Kelleher, Managing Director, RM Sotheby\u2019s West Coast Division.<\/p>\n<p>\u201cThe results truly speak for themselves and reflect our commitment to bringing not only the best to the market, but backing our product by extensive research and documentation. In addition, the Monterey event was truly a fantastic showcase of the RM and Sotheby\u2019s teams working in concert to build a global platform for collector cars. Bidders hailed from 31 countries, 20 percent represented first-time clientele, and we welcomed increased participation from collectors in the 30 \u2013 40 age bracket. It was definitely a weekend for the history books, and to cap it off with a Best of Show win at the Pebble Beach Concours d\u2019Elegance made it all the more thrilling and memorable.\u201d<\/p>\n<p>RM\u2019s Monterey sale was extended to three days in 2015, with the auction room attracting a standing-room-only audience across all sessions. Bidders from 31 countries were drawn to the carefully curated offering, with multiple bidding contests erupting between those in the room and on the telephone, including collectors bidding with Sotheby\u2019s representatives. No less than 36 lots achieved individual million-dollar-plus results, with four lots exceeding $10 million. In total, RM Sotheby\u2019s was responsible for six of the top 10 sales of this year\u2019s Monterey Car Week, including the top sale of the week \u2013 a historic 1964 Ferrari 250 LM from the Pinnacle Portfolio, which garnered a terrific $17,600,000 to set a new auction record for the model.<\/p>\n<p><strong>The Pinnacle Portfolio<\/strong><br \/>\nOffered on Thursday evening, it was the Pinnacle Portfolio \u2013 an extraordinary private collection of 25 post-war sports cars \u2013 that set the tone for the three-day event, realizing an incredible $75.4 million in auction and post-auction private sales to comfortably set a new record for a single-day, single-vendor automobile auction, along with establishing numerous other auction benchmarks. In addition to the sale-topping Ferrari 250 LM, the group was highlighted by strong results for contemporary supercars, for which strong pre-sale interest led to record-setting values. Headlining this group was the iconic 1998 McLaren F1 \u2018LM-Specification\u2019 which spurred lively bidding to sell for a remarkable $13,750,000 to set a new record as the most valuable British car ever sold at auction. One of the sale\u2019s most exciting moments came when the 2005 Ferrari Enzo, originally gifted by the factory to Pope John Paul II, crossed the block, more than tripling the previous record for the model at a final $6,050,000. Additional highlights included a 1994 Ferrari F40 LM for a record $3,300,000; a 2005 Mercedes-Benz SLR McLaren for an incredible $495,000; and the 2005 Saleen Twin Turbo for $682,000 against a pre-sale estimate of $350,000 &#8211; $500,000.<\/p>\n<p><a href=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image006.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-2545 aligncenter\" src=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image006.jpg\" alt=\"image006\" width=\"690\" height=\"518\" data-id=\"2545\" srcset=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image006.jpg 690w, http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image006-300x225.jpg 300w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><\/a><\/p>\n<p><strong>Additional Highlights<\/strong><br \/>\nMultiple new auction benchmarks were set during the course of RM\u2019s three-day Monterey event. A 1953 Jaguar C-Type Works Lightweight brought $13,200,000 on Friday to become the most valuable Jaguar sold at auction, while on Saturday, a 1956 Ferrari 250 GT Berlinetta Competizione \u2018Tour de France\u2019, the first \u2018Tour de France-winning\u2019 TdF, also achieved $13,200,000, a record price for the model at auction.<\/p>\n<p><a href=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image007.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-2546 aligncenter\" src=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image007.jpg\" alt=\"image007\" width=\"690\" height=\"518\" data-id=\"2546\" srcset=\"http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image007.jpg 690w, http:\/\/www.desert-motors.com\/wp-content\/uploads\/2015\/10\/image007-300x225.jpg 300w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><\/a><\/p>\n<p>Illustrating the incredible quality of RM\u2019s 2015 catalogue, as well as the company\u2019s strength across all categories, other notable sales included:<\/p>\n<p>\u00b7 Aston-Martins from all eras achieved strong results, with many examples well-exceeding pre-sale expectations. Stand-out lots included: a 1940 Aston Martin Speed Model Type C for $1,155,000; a 1967 Aston Martin DB6 Mk I Shooting Brake for $682,000; and a 2013 Aston-Martin Centennial DB9 Spyder by Zagato for $693,000 (against a pre-sale estimate of $380,000 &#8211; $450,000);<\/p>\n<p>\u00b7 Representing American marques, a 1910 American Underslung Traveler Toy Tonneau doubled its estimate at a terrific $1,815,000 (a record for the model); and a 1933 Marmon Sixteen Victoria Coupe also well-exceeded expectations at a strong $907,500; and,<\/p>\n<p>\u00b7 A stunning 1952 Jaguar XK120 Supersonic attracted tremendous pre-sale interest to sell for $2,090,000 \u2013 a record for a Jaguar XK120 sold at public auction.<\/p>\n<p><strong>RM Sotheby\u2019s top 10 Monterey sales:<\/strong><br \/>\n1. Lot 113: 1964 Ferrari 250 LM &#8211; $17,600,000 (record for a Ferrari 250 LM at auction)<br \/>\n2. Lot 107: 1998 McLaren F1 &#8216;LM-Specification&#8217; &#8211; $13,750,000 (record for a British car sold at auction)<br \/>\n3. Lot 235: 1953 Jaguar C-Type Works Lightweight &#8211; $13,200,000 (record for a Jaguar sold at auction)<br \/>\n4. Lot 332:1956 Ferrari 250 GT Berlinetta Competizione &#8216;Tour de France&#8217; &#8211; $13,200,000 (record for a TdF sold at auction)<br \/>\n5. Lot 118: 1959 Ferrari 250 GT LWB California Spider &#8211; $8,500,000 (post-sale transaction)<br \/>\n6. Lot 217: 1950 Ferrari 275S\/340 America Barchetta- $7,975,000.00<br \/>\n7. Lot 103: 2005 Ferrari Enzo &#8211; $6,050,000 (record for a Ferrrari Enzo sold at auction)<br \/>\n8. Lot 342: 1931 Bentley 4\u00bd-Litre Supercharged Two-Seater Sports &#8211; $4,015,000<br \/>\n9. Lot 309: 1966 Ferrari 275 GTB\/6C Alloy &#8211; $3,960,000<br \/>\n10. Lot 116: 1994 Ferrari F40 LM &#8211; $3,300,000 (record for a Ferrari F40 LM sold at auction)<br \/>\nLot 121: 1967 Ferrari 275 GTB\/4 &#8211; $3,300,000<\/p>\n<p>A full list of RM Sotheby\u2019s million-dollar-plus sales in Monterey is available for viewing here, and a short video highlights reel here.<\/p>\n<p>RM Sotheby\u2019s continues its busy summer calendar of events, September 7 in London, England for its annual sale at Battersea Evolution held in partnership with the UK\u2019s Concours of Elegance.<\/p>\n<p>For further information on the upcoming London sale, or to view full results from RM Sotheby\u2019s Monterey, please visit www.rmsothebys.com.<\/p>\n<p><strong>For more News from RM Sotheby\u2019s<\/strong><br \/>\nVisit: <a href=\"http:\/\/www.rmsothebys.com\/\">www.rmsothebys.com<\/a><br \/>\nFollow: <a href=\"www.twitter.com\/rmsothebys%20\">www.twitter.com\/rmsothebys<\/a><br \/>\nJoin: <a href=\"www.facebook.com\/rmauctions%20  \">www.facebook.com\/rmauctions<\/a><br \/>\nWatch: <a href=\"www.youtube.com\/rmauctionsinc\">www.youtube.com\/rmauctionsinc<\/a><\/p>\n<p><em>*Results are listed in USD and are inclusive of 10 percent buyer\u2019s premium. Sales totals include post-auction private sales.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00b7 RM Sotheby\u2019s generates highest ever total for a collector car auction: $172.9 million in sales at its flagship Monterey, California event \u00b7 1964 Ferrari 250 LM claims top sale of the 2015 Monterey Car Week at a record $17,600,000 \u00b7 Pinnacle Portfolio sets new auction benchmark for a single-day, single-vendor auction at $75.4 million \u00b7 RM Auto Restoration claims sixth Best of Show win at the prestigious Pebble Beach Concours d\u2019Elegance \u00b7 Complete results available at www.rmsothebys.com More than 3,600 auction attendees Bidders from 31 countries Nine hours of auction action 129 cars sold $172.9 million in sales 36 individual million-dollar-plus results; seven lots achieve more than $5 million; four lots exceed $10 million LOS ANGELES, California (August 19, 2015) \u2013 RM Sotheby\u2019s cemented its undisputed leadership position in the global collector car auction industry on the weekend, generating a remarkable $172.9 million* in auction and post-auction private sales during its three-day Monterey event in California. The impressive tally ranks the event as the highest grossing collector car auction of all time, besting the company\u2019s 2014 Monterey performance by more than 20 percent. In addition to posting the top auction sales of the weekend, the RM team clinched its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[66,311,313,283,285,323],"class_list":["post-2543","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-ferrari","tag-monterey","tag-pinnacle-portfolio","tag-rm","tag-rm-auctions","tag-rm-sothebys"],"acf":[],"_links":{"self":[{"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/posts\/2543"}],"collection":[{"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2543"}],"version-history":[{"count":9,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions"}],"predecessor-version":[{"id":2555,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions\/2555"}],"wp:attachment":[{"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2543"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.desert-motors.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}