10 March 2012

Amelia Island

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 ACHIEVES STRONG RESULTS IN THE AUCTION ROOM AND ON THE SHOW FIELD AT AMELIA ISLAND

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.


The Ritz-Carlton

4750 Amelia Island Parkway
Amelia Island, Florida
32034