RM | AUCTIONS
SINGLE-OWNER FORD GT LEADS RM AUCTIONS' $6 MILLION AUBURN SPRING WEEKEND
RM Auctions returned to the historic Auburn Auction Park in Indiana this past weekend (11–12 May) for the company's 8th annual Auburn Spring collector car weekend. This represented the first Auburn Spring sale held under the RM Auctions banner, following the integration of former RM Sotheby's Group subsidiary, Auctions America, in fall of 2017. RM Auctions achieved an overall $6,037,635 in total sales, with a strong 84 percent of the 500 lots on offer finding new homes across the two-day auction.
Echoing the results of the Fort Lauderdale sale in April, the RM Auctions brand increased global marketing reach and drew bidders from 16 countries (11 in 2017) and 38 states across the U.S., with one-third of bidders raising their paddles for the first time. Despite challenging weather, the Auburn Spring weekend saw thousands of attendees flock to the Auburn Auction Park to view the nearly 300 motor cars on offer, scour the onsite Car Corral and Swap Meet, line up to meet celebrity guest Jessi Combs, and enjoy another 270 cars on display as part of the AACA & Nash Car Club of America Triple Crown Meet.
Auburn Spring's top sale was the weekend's headline offering, a low-mileage 2006 Ford GT, offered from single ownership since new. Featuring three of four available factory options and showing less than 3,800 actual miles, the GT sold for a final $297,000 to a bidder over the phone (Estimate: $250,000–$300,000, offered without reserve). The diverse top three were rounded out by an American car from a much earlier time in the country's automotive heritage—and a native to Auburn—a well-known 1931 Cord L-29 Cabriolet offered following a fresh, comprehensive restoration, which brought $210,000, as well as a pop culture icon, the 1966 Batmobile Recreation "#5," which achieved $165,000 following plenty of attention during preview hours.
Barney Ruprecht, Car Specialist, RM Sotheby's Group, said following the sale: "Our top 10 sales at Auburn Spring demonstrate both the diverse offering as well as the variety of cars that can successfully find new homes at the Auburn Auction Park. The Ford GT result and the successful presentation of private collections like the 15-car Duffy Grove group once again prove the power of offering significant cars without reserve in Auburn, while the refreshed auction arena and new park configuration drew nothing put positive feedback from our clients. We look forward to bringing even more excitement to the Auction Park for Auburn Fall."