The RM Amelia Island sales total represents the highest tally achieved in the event’s 13 year history, with over a 25% increase on the company’s 2010 sales figure. As many as 27 lots exceeded pre-sale estimates. In total, the single-day sale presented 103 lots, including a selection of vintage motorcycles, before a packed house, with bidders in the room joined by those on the phone and over the Internet. Bidders hailed from over 24 countries around the world, including as far away as India, Argentina and the United Arab Emirates.
“We are thrilled by the results from the weekend’s sale, which represent RM’s best performance to date at Amelia Island. The buyer population appears to be more well-informed than ever, recognizing quality when they see it. In addition, many examples at our Amelia Island sale were fresh to the market, coming out of long-term ownership. Collectors recognized the unique and rare ownership opportunities these particular lots presented, as was reflected in the prices,” says Rob Myers, Chairman and Founder, RM Auctions.
Top sales honors of the weekend went to a rare 1952 Ferrari 340 Mexico Vignale Coupé, chassis number 0224 AT, offered from the private collection of former GM designer and Ferrari Club of America co-founder, Larry Nicklin. One of just three built and boasting a strong racing history, the competition coupe sparked a spirited bidding war in the room and on the phones, exceeding its pre-sale estimate to sell for $4,290,000. Also offered from the Nicklin Collection and exceeding its pre-sale estimate was a highly original 1953 Ferrari 212 Inter Vignale Coupe, chassis number 0267 EU, which realized $660,000. Both examples were offered for the first time in 30 years.
“The results are overwhelming,” said Mr. Nicklin following the sale. “I am thrilled with the prices achieved for my two Ferraris, both of which exceeded their estimates. It has been great working with RM – they are number one in every respect all around the world.”
The collection of Jack and Marilyn Tallman also garnered significant interest at Amelia Island. Spanning over 30 years of automotive design, the collection featured an array of early automobiles, many of which the Tallmans had owned for over 40 years and had enjoyed and driven in countless events, both at home and overseas. Headlining the collection was the sale of a handsome 1930 Cadillac Sixteen Roadster for $506,000 and a 1912 Packard Model 1-48 Custom Runabout for $407,000.
“We are very happy with the results from the sale of our collection at RM’s Amelia Island auction on the weekend,” said Jack Tallman after the auction. “It was a first-class event and a great experience. RM did an amazing job in the promotion and marketing of our collection to a global audience, and we recommend them to others looking to sell their collection or automobile at auction.”
Beyond the top-seller’s list, other consignments exceeding their estimates included: a 1986 Ford RS200 Evolution, one of only 24 Evolutions built, for $159,500; and an early 1964 Porsche 911 for $225,500.
RM Auctions Automobiles of Amelia Island Sale 2011 – Top Ten Results
1. 1952 Ferrari 340 Mexico Coupe, $4,290,000
2. Alfa Romeo 6C 1750 GS Spider, $990,000
3. 1933 Duesenberg Model J Torpedo Victoria, $979,000
4. 1930 Duesenberg Model J Convertible Coupe, $962,500
5. 1968 Ferrari 275 GTB/4 Berlinetta, $935,000
6. 1967 Ferrari 330 GTS, $770,000
7. 1953 Ferrari 212 Inter Coupe, $660,000
8. 1961 Mercedes-Benz 300 SL Roadster, $627,000
9. 1955 Mercedes-Benz 300 SL Gullwing Coupe, $627,000
10. 1957 Ferrari 250 GT “Low Roof” Berlinetta, $605,000
RM Auctions offered 103 automobiles for sale, with 99 finding a new owner, reflecting a 96% sales rate. Total sales volume was $24,313,850, inclusive of buyer’s premiums. The average price per car sold was $245,594.
In 2010, RM Auctions offered 112 automobiles for sale, with 98 finding a new owner, reflecting an 88% sales rate. Total sales volume was $19,147,550, inclusive of buyer’s premiums. The average price per car sold was $198,383. Top sale went to a 1930 Duesenberg Model J Sport Berline at $1,705,000. (See 2010 RM Auctions Amelia Island Results).
In addition to the sale, RM Auto Restoration had a strong presence on the show field at the 2011 Amelia Island Concours d’Elegance, with the 1929 Duesenberg Model J Dual Cowl Phaeton owned by Charles Letts awarded ‘Best in Class’, and the 1960 Plymouth XNR Concept, displayed for the first time in 50 years in North America, also receiving honors.
Next up, RM kicks off its 2011 European auction calendar on May 21 with its debut sale at the Concorso d’Eleganza Villa d’Este. Held on the shores of Lake Como, Italy, the evening sale will feature a selection of 30 automobiles representing the ‘best of the very best’, – with an average value per car exceeding $1,000,000 USD.
For more information, visit www.rmauctions.com.
RM Auctions Automobiles of Amelia Island Sale 2011 – Results
[Source: RM Auctions]