RM Auctions Sports and Classics of Monterey 2010 – Results
RM Auctions held its 2010 Sports and Classics of Monterey auction on August 12th to 14th at the Portola Hotel and Spa and Monterey Convention Center in Monterey, California, resulting in $67 million in total sales and a 95% sales rate.
Top sale at RM’s 25th annual Monterey auction went to the 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe with coachwork by Figoni et Falaschi, and a 1954 Ferrari 375 MM Berlinetta, the fifth of only seven examples built, each selling for $4,620,000. The headline 1958 Ferrari 250 ‘Pontoon Fender’ Testa Rossa did not sell at the high bid of $10,700,000. All together, RM achieved 16 sales in excess of one million dollars.
“We are thoroughly pleased with the results from the weekend’s sale. They build upon RM’s seven previous successful sales this year, including the record-breaking inaugural Monaco event, and are a reflection of the hard work and dedication of the entire RM team,” says Rob Myers, Founder and Chairman, RM Auctions.
“The high-caliber of consignments combined with accurate estimates provided by our expert team of car specialists led to the very strong 95 percent sell-through and record number of over 1,000 bidder registrations from 29 countries around the world, including Monaco, Brazil, Japan and the United Arab Emirates,” Myers added.
In addition to the major sales, a 2008 Porsche 911 Carrera S Coupe sold for $110,000, with proceeds benefiting the Double H Ranch, a non-profit organization based in New York State that provides specialized programs and year-round support for children and their families dealing with life-threatening illnesses.
RM’s Sports & Classics of Monterey auction results were complemented by success on the show field when the 1933 Delage D8S de Villars Roadster, owned by the Patterson Collection in Louisville, Kentucky, and restored by RM Auto Restoration, was named ‘Best of Show’ at the Pebble Beach Concours d’Elegance 2010. The win represents RM’s fourth at Pebble Beach in the past decade, with top honors previously received in 2001, 2004 and 2006.
Lot 359: 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe – $4,620,000
Lot 351: 1954 Ferrari 375 MM Berlinetta – $4,620,000
Lot 353: 1949 Delahaye Type 175 S Roadster by Saoutchik – $3,300,000
Lot 360: 1959 Ferrari 250 GT LWB California Spyder – $2,612,500
Lot 347: 1955 Jaguar D-Type – $2,090,000
Lot 365: 2007 Ferrari FXX Evoluzione – $1,925,000
Lot 335: 1959 Ferrari 410 Superamerica Series III Coupe – $1,760,000
Lot 345: 1933 Packard Twelve Coupe – $1,622,500
Lot 346: 1958 Ferrari 250 GT Series I Cabriolet – $1,622,500
Lot 255: 1964 Shelby Cobra USRRC Roadster – $1,595,000
Lot 342: 1954 Ferrari 500 Mondial Berlinetta – $1,567,500
Lot 341: 1933 Duesenberg SJ Riviera Phaeton – $1,430,000
Lot 349: 1966 Ferrari 275 GTB/6C Alloy Berlinetta – $1,155,000
Lot 339: 1966 Ferrari 500 Superfast – $1,127,500
Lot 246: 1948 Tucker 48 Sedan – $1,127,500
Lot 363: 1967 Ferrari 275 GTB/4 Berlinetta – $1,045,000
RM Auctions offered 221 automobiles for sale, with 209 finding a new owner, reflecting a 95% sales rate. Total sales volume was $67,004,800, inclusive of buyer’s premiums. The average price per car sold was $329,597. Last year, RM Auctions offered 239 cars for sale, with 206 finding new owners, reflecting an 86% sale rate. The total sales volume was $35,522,600 and the average price per car sold was $172,439.
Please check back for Auction Editor Rick Carey’s full report and analysis from RM’s Monterey 2010 sale.
RM Auctions continues its 2010 auction calendar, October 7 – 8 with its annual Vintage Motor Cars of Hershey event in Hershey, Pennsylvania, closely followed by Automobiles of London, October 27 in London, UK.