Report and photos (unless noted) by Rick Carey, Auction Editor
This year marked RM’s “Lucky Thirteenth” Arizona auction, held January 19-20, 2012 at the posh Arizona Biltmore Resort and Spa. Growing from $6.3 million in 2000 to consistent totals in medium eight figures, RM’s $25,660,400 sale in 2012 marked the Arizona auction’s fifth year with greater than $20 million in sales.
RM got shuffled around some this year, moving into a ballroom in the main Biltmore hotel from the convention center which was booked to an oil company’s North and South American sales meeting. The new room was inconvenient for bringing cars onto the block, and cramped for bidders and onlookers. A return to the Convention Center next year would be a positive development.
Even with that disruption the auction moved smoothly and efficiently, dispatching 126 of the 140 lots offered in the two-day sale for a sale rate of 90%, a sell-through performance which RM has made almost monotonously habitual and a testament to the RM team’s effectiveness, contacts and diligence.
From Ferraris to Shelbys, RM put away eighteen of its top twenty cars. The top sale was only(?) $1,815,000 for the Ferrari 410 Superamerica coupe s/n 0671SA with unique Scaglietti coachwork re-created for Greg Garrison on the original chassis. There were seventy-eight lots hammered at $100,000 or more. Sixty-six of them sold, an 85% sell-through. The predominance of six-figure cars speaks amply for the consistent quality across the board at the Biltmore, and for the strength of the collector car market.
Ed Lenahan contributed significantly to this report.
RM Auctions Arizona 2012 – Auction Report