Auctions America by RM held its inaugural spring auction at Auburn Auction Park in Auburn, Indiana on May 12-15, 2011. The three-day Auburn Spring Collector Car Auction presented 424 automobiles, resulting in more than $6.75 million in sales and 66% of lots sold.
“We are delighted with the results and support received for our debut Auburn Spring sale, particularly from the local Auburn community who has been very welcoming to our team. Despite unseasonal weather conditions, the event was a great success with almost 10,000 enthusiasts visiting the park over the course of the weekend,” says Donnie Gould, President, Auctions America by RM.
Gould continues, “When we purchased the Auburn Auction Park last summer, it was our vision to return the park to its former glory and re-establish the annual Spring and Fall sales as ‘must attend’ events on the global collector car calendar. Our two Auburn events to date have provided a strong foundation which we will continue to build on.”
A pair of Model J Duesenbergs claimed the top sale results, with a 1932 Duesenberg Model J Five-Passenger Sedan selling for $404,250, while a 1932 Duesenberg Model J Dual-Cowl Phaeton made $375,000.
Another top sale was baseball great Reggie Jackson’s 1965 Shelby Mustang GT 350, which exceeded its pre-sale estimate to sell for $247,500. The sale followed Mr. Jackson’s participation in a celebrity collector car panel discussion, which saw Jackson, along with Wayne Carini, Host of Chasing Classic Cars, Joe Bortz, concept car expert, and Glenn Bator, Head of Auctions America by RM’s new vintage motorcycle division, discuss the state of the market and their shared passion for the hobby.
Auctions America Auburn Spring 2011 – Top Five Auction Results
1. 1932 Duesenberg Model J Five-Passenger Sedan – $404,250
2. 1932 Duesenberg Model J Dual-Cowl Phaeton – $375,000
3. 1965 Shelby Mustang GT 350 – $247,500
4. 2005 Ford GT – $176,000
5. 1938 Packard Twelve All-Weather Cabriolet – $152,900
In addition to the auction, the weekend’s program included a car corral and swap meet with over 450 spaces sold. Presented by Carlisle Events, the car corral saw many vehicles exchange hands over the course of the weekend, while the swap meet proved a treasure chest for enthusiasts, featuring a wide selection of performance parts, porcelain and neon signs, gas pumps, memorabilia and more.
“We were thrilled to welcome the Carlisle Events team to Auburn for the first time and look forward to joining forces with them again in the Fall,” says Gould. Bill Miller III, partner, Carlisle Events comments, “Following a highly successful Spring Carlisle Event last month, it was wonderful to partner with the Auctions America by RM team for another great collector car weekend, this time at their Auburn headquarters. I used to attend the Auburn Spring and Fall sales as a child and look forward to continuing to work with the Auctions America team to rebuild the park and return it to its heyday.”
Auctions America by RM and Carlisle Events return to Auburn, September 1-4, 2011 for the Auburn Fall Collector Car Auction, Swap Meet & Car Corral. A long-standing Labor Day tradition, the auction will feature over 1200 American classics, Detroit muscle, customs and hot rods, in addition to Auction America’s first extensive bike offering since announcing the development of its new vintage motorcycle division last month.
For more information, visit www.auctionsamerica.com.
[Source: Auctions America]