10 March 2012
The Ritz-Carlton, Amelia Island, Florida
RM ACHIEVES STRONG RESULTS IN THE AUCTION ROOM AND ON THE SHOW FIELD AT AMELIA ISLAND
RM | SOTHEBY'S
RM Auctions, the official auction house of the Amelia Island Concours d'Elegance, continued its strong track record in northern Florida, generating more than $23 million in sales before a packed house at its well-established sale at the Ritz-Carlton. The 88 percent sell-through rate saw 92 of the 106 pre- and post-war motor cars changing hands, with six automobiles achieving million-dollar-plus results and spirited bidding leading to the establishment of numerous new auction records.
Top honors went to a stunning 1929 Cord L-29 Special Coupe by The Hayes Body Corporation – a stunning, one-off design statement by Count Alexis de Sakhnoffsky, widely recognized as the most significant L-29 in existence. An outstanding example of Classic Era styling, the 'Hayes Coupe' garnered strong attention from bidders in the room and on the phones, selling for an impressive $2,420,000 to applause from the crowd.