The RM Sotheby’s Amelia Island 2016 auction was held Saturday, March 12th on the grounds of the Ritz-Carlton Hotel in Amelia Island, Florida, resulting in $38,685,100 in total sales and an 89 percent sell-through rate. RM’s 18th annual sale at the Amelia Island Concours d’Elegance featured more than 90 automobiles.
“We had another great auction here at Amelia Island, with a solid sell-through rate of 89 percent and numerous cars from across all segments of the market exceeding estimate and achieving record prices,” said Gord Duff, Car Specialist, RM Sotheby’s. “The solid result was driven by active participation from many of America’s leading collectors, as well bidders new to the hobby. Results such as the $4.4 million paid for the 1962 Ferrari 400 Superamerica, the $1.2 million 1932 Packard Twin Six Coupe Roadster, and the $2 million 2014 Pagani Huayra show enduring appeal and depth of demand for the best examples from top marques. The fact that yesterday’s results represent one of our strongest performances at Amelia Island to date illustrates a continued healthy market.”
The auction was led by the 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico which surpassed its pre-sale estimate of $2.7 to $3.3 million to sell for $4,400,000 – a world record for a 400 Superamerica Coupe at auction. The car was the subject of a lengthy bidding contest as collectors in the room and on telephones sought the 1962 Turin Automobile Show car. This example, chassis 3949 SA, previously belonged to American sportsman Erwin Goldschmidt and remaining in his family for over 40 years.
Another result from RM’s 2016 Amelia Concours sale was the 1954 Bentley R-Type Continental Fastback Sports Saloon, chassis BC2LD. Finished in the configuration of LHD 4.9-liter engine, center-shift manual transmission and “seats and spats”, the Bentley returned to Amelia Island after claiming Best in Class honors in 2010. Chassis BC2LD spurred a lively bidding war to bring an above-estimate $1,815,000, against a pre-sale estimate of $1.2 to $1.4 million.
American Classics also performed well, with numerous lots exceeding estimate. This group was headlined by a 1932 Packard Twin Six Coupe Roadster, long regarded as the Clark Gable Twin Six, which realized a $1,210,000 (pre-sale estimate $650,000 to $800,000), while a restored 1931 Stutz DV-32 Convertible Victoria, another example returning to Amelia Island following earlier concours success, was also hotly contested, bringing a final $1,100,000 (pre-sale estimate $800,000 to $1,000,000).
Solid results were also recorded for late-model supercars, including a 2014 Pagani Huayra which set a new benchmark for the marque at $2,035,000. A 1984 Ferrari 288 GTO, the first example officially delivered in Japan, attracted $2,585,000, while a 2002 Ferrari 575M Maranello, equipped with the six-speed transmission and showing 4,511 original miles, achieved $462,000,
Additional notable sales included:
- 1985 Ford RS200 Evolution, one of 24 examples built and upgraded by the factory to 600 bhp, powered to a final $522,500 (pre-sale estimate $475,000 – $675,000);
- 1960 AC Ace-Bristol with racing provenance sold for a record $495,000 against a pre-sale estimate of $350,000 – $400,000;
- 2003 Aston Martin DB AR1, with less than 700 miles, set a new benchmark for the model at auction at $363,000 (pre-sale estimate $250,000 – $300,000);
- 1929 Packard Deluxe Eight Sport Phaeton achieved $313,500 versus a pre-sale estimate of $150,000 – $200,000;
- 1989 Porsche 911 Turbo Coupe showing 1,161 original miles garnered $308,500 versus a pre-sale estimate of $240,000 – $280,000); and,
- 1964 Peel P50, an example of the world’s smallest production car, generated $176,000, a record for a Peel P50 at auction (estimate $75,000 – $100,000).
Beyond the automobiles, RM Sotheby’s was proud to lend its auction services during Saturday’s sale to support the fundraising initiatives of the Amelia Island Concours d’Elegance, with select charity lots raising $82,800 for Spina Bifida of Jacksonville.
RM Sotheby’s Amelia Island 2016 – Top Ten Auction Results
1. 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico (chassis 3949 SA) – $4,400,000
2. 1984 Ferrari 288 GTO (chassis ZFFPA16B000055237) – $2,585,000
3. 1968 Ferrari 330 GTS (chassis 10817) – $2,200,000
4. 2014 Pagani Huayra (chassis ZA9H11UAXESF76062) – $2,035,000
5. 1954 Bentley R-Type Continental Fastback Sports Saloon (chassis BC2LD) – $1,815,000
6. 1955 Mercedes-Benz 300 SL Gullwing (chassis 198.040.5500397) – $1,265,000
7. 1932 Packard Twin Six Coupe Roadster (Vehicle 579-64) – $1,210,000
8. 1963 Shelby 289 Cobra (chassis CSX 2188) – $1,155,000
9. 1931 Stutz DV-32 Convertible Victoria (chassis DV-PC-1294) – $1,100,000
10. 1968 Chevrolet Sunoco Camaro Trans Am (Identification 9908H046) – $990,000
For complete results, visit www.rmsothebys.com.
RM Sotheby’s continues its 2016 calendar with its biennial Monaco sale, May 14 during the Grand Prix Historique de Monaco. The Monaco event will lift the gavel of some 100 automobiles. For additional information, visit www.rmsothebys.com or call +1 519 352 4575.
[Source: RM Sotheby’s; photos: Ben Majors]