Media Release


RM SOTHEBY’S LEADS THE WAY IN FLORIDA WITH RECORD $70.9 MILLION AMELIA ISLAND CONCOURS D’ELEGANCE SALE

Amelia Island

  • RM Sotheby’s generates $70.9 million in sales at Amelia Island—the highest total in Amelia Island auction history
  • One-of-three Bugatti Type 57S Cabriolet claims top sale of the week at $7,700,000
  • 19 motor cars achieve million-dollar-plus results, with numerous new records set\
  • Friday’s exclusive sale of ‘A Gentleman’s Collection: The Pride & Passion of Orin Smith’ realizes $31 million, highlighted by the 1936 Lancia Astura Cabriolet Series III “Tipo Bocca” for $2,145,000
  • Bidders hail from 25 countries; 21 percent represent first time clients to RM Sotheby’s
  • RM Sotheby’s 2017 calendar continues with its Lake Como (Cernobbio), Italy sale, 27 May during the Concorso d’Eleganza Villa d’Este weekend
  • Complete Amelia Island results and upcoming event information available at www.rmsothebys.com.

 

AMELIA ISLAND, Florida (12 March, 2017) – RM Sotheby’s, the world’s largest auction house for investment-quality vehicles, reinforced its clear market leadership this past weekend by generating an outstanding $70.9 million in sales with 90 percent of all lots sold at its 19th annual Amelia Island Concours d’Elegance sale. A new benchmark for an Amelia Island auction, the impressive total comfortably exceeds the combined tally of all the other auctions held during this year’s Amelia weekend.

 

Extended to two days with the addition of Friday’s exclusive presentation of ‘A Gentleman’s Collection: The Pride and Passion of Orin Smith’, RM’s 2017 Amelia Island sale lifted the gavel on a carefully curated roster of 150 blue-chip vehicles and select automobilia, attracting a truly global audience with bidders from 25 countries. Significantly, 21 percent of bidders represented first time clients to RM Sotheby’s.

 

“We’re thrilled with the results from this weekend’s Amelia Island sale,” comments Gord Duff, Auction Manager, RM Sotheby’s. “Not only was it our best ever Amelia Island performance, but the highest tally in Amelia Island auction history. The caliber of entries our team secured for this year’s event was second-to-none, as reflected in the positive feedback from collectors and media alike during preview, as well as the multiple bidding contests that filled the auction room during both sale sessions. We’re proud to have once again raised the bar, and look forward to continuing the momentum as we move into the busy Spring / Summer auction season.”

 

Leading RM’s string of 19 individual million-dollar-plus sales and claiming top honors of the 2017 Amelia Island auctions was a striking 1937 Bugatti Type 57S Cabriolet, one of only three examples sporting rare coachwork by Vanvooren of Paris (pictured top). Offered for public sale for the first time in its 80-year history, the highly original Type 57S sparkled under the auction lights during Saturday’s sale session, commanding $7,700,000. Just moments prior to the Bugatti’s sale, a well-known 1929 Stutz Model M Supercharged Coupe, one of only three supercharged Stutzes in existence, proved demand remains strong for great American Classics at auction, selling for $1,705,000 against a pre-sale estimate of $1/1.2 million. The strong sales price represents a new record for a Stutz at auction.

 

 

Friday’s sale session was also one for the books, with the Orin Smith Collection generating $31 million in sales with a 100 percent sell-through. A wonderful showcase of RM Sotheby’s expertise and capabilities in handling private collection auctions, the sale represented the first time RM has hosted a Friday evening sale at Amelia, and provided a fitting tribute to a man beloved by the Amelia crowd, drawing a packed sales room. The group of 63 vehicles was headlined by a stunning 1936 Lancia Astura Cabriolet Series III “Tipo Bocca” at $2,145,000. Other notable sales included:

 

  • the 1956 Bentley S1 Continental Drophead Coupe, just two registered owners from new, shattered both its presale estimate of $700/900,000 and the previous auction record for the model at a final $1,683,000;
  • a superbly restored 1933 Rolls-Royce Phantom II Special Newmarket Permanent Sedan soared past its $1,000,000 high estimate at a final $1,237,500; and,
  • a 1966 Aston Martin Short-Chassis Volante, the very first example of just 37 built, sold for $1,705,000.

 

 

The power of ‘no reserve’ exhibited at Friday’s Orin Smith Collection sale was witnessed again on Saturday with terrific results achieved for a well-known private collection of 10 sporting cars. Highlighting the group, a dramatic two-tone red and black 1956 Maserati A6G/54 Frua Coupe Series III, much-admired by enthusiasts during preview, provided one of the most intense and lively bidding contests of the weekend, eventually selling for $2,365,000 against a pre-sale estimate of $1.6/2.2 million. From the same collection, a 1974 Porsche 911 Carrera RS 3.0 eclipsed its pre-sale estimate of $900,000 - $1.1 million to storm into the record books at a final $1,375,000 (an auction record for the model). Also commanding strong bids were a spectacular 1954 Mercedes-Benz 300 SL Gullwing, which realized $1,358,500, and a stunning 1955 Alfa Romeo 1900C SS Coupe, which brought $1,100,000.

 

 

Other noteworthy sales of RM’s 2017 Amelia Island event include:

  • the 5,694-mile 1995 Ferrari F50, originally delivered to famed heavyweight Champion boxer, Mike Tyson, sold for an above-estimate $2,640,000;
  • a 1938 Graham 97 Supercharged Cabriolet, exquisitely restored by RM Auto Restoration, set a new benchmark for a Graham at auction with its strong $770,000 final price; and,
  • ending Saturday’s sale session on a fun note, a 1963 Meyers Manx—the original dune buggy—doubled its pre-sale estimate to sell for a record $68,750.

As part of the event, RM was also proud to lend its auction services to support the fundraising efforts of the Amelia Island Concours d’Elegance Foundation; proceeds from the first two lots of Saturday’s sale session (201 and 202), which amounted to $41,400, will benefit Spina Bifida of Jacksonville.

 

“The Amelia Island weekend continues to grow in stature each year, and this year was no exception. All in all, it was another terrific hobby weekend and there’s plenty to celebrate, including the remarkable efforts of the Amelia Island Concours d’Elegance team and their volunteers, who pulled off a last minute date change for their event with great success.”

 

 

RM Amelia Island Top 10 sales:

  1. Lot 232 - 1937 Bugatti Type 57S Cabriolet (Chassis 57513)  $7,700,000
  2. Lot 218 - 1995 Ferrari F50 (Chassis ZFFTG46A0S0104220)  $2,640,000
  3. Lot 260 - 1956 Maserati A6G/54 Coupe Series III (Chassis 2181) $2,365,000
  4. Lot 163 - 1936 Lancia Astura Cabriolet Series III "Tipo Bocca" (Chassis 33-5313) $2,145,000
  5. Lot 263 - 1964 Ferrari 275 GTB (Chassis 06681) $1,842,500
  6. Lot 139 - 1966 Aston Martin Short-Chassis Volante (Chassis DB5C/2301/L)$1,705,000
  7. Lot 231 - 1929 Stutz Model M Supercharged Coupe (Chassis M-C-31312) $1,705,000
  8. Lot 123 - 1956 Bentley S1 Continental Drophead Coupe (Chassis BC22LBG) $1,683,000
  9. Lot 276 - 2012 Bugatti Veyron 16.4 Grand Sport (Chassis VF9SK2C25CM795051)  $1,650,000
  10. Lot 122 - 1953 Fiat 8V Supersonic (Chassis 106 000049) $1,375,000

RM Sotheby’s continues its global collector car calendar with a return to the beautiful shores of Lake Como (Cernobbio) Italy, 27 May for its biennial sale during the Concorso d’Eleganza Villa d’Este. In North America, the company kicks off a busy summer schedule, 29 July with its well-established Motor City sale during the Concours d’Elegance of America at St. Johns, closely followed by its flagship Monterey sale, 18-19 August during the famed Pebble Beach Concours d’Elegance week.

 

Complete results from RM Sotheby’s Amelia Island sale, along with upcoming event information can be found at www.rmsothebys.com.

 

*Results are listed in USD and include 10 percent buyer’s premium for automobiles and 15 percent for non-automotive lots. 

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more