14 March 2015
The Ritz-Carlton, Amelia Island, Florida
RM SOTHEBY'S RAISES THE BAR WITH RECORD-BREAKING $60 MILLION AMELIA ISLAND SALE
RM | SOTHEBY'S
RM Sotheby's, the official auction house of the Amelia Island Concours d'Elegance, is delighted to announce spectacular results for its 17th annual Amelia Island sale. The auction, which represented the first RM Sotheby's event since RM Auctions and Sotheby's formed a strategic partnership in February, achieved total sales of $60,360,050, besting the company's record 2014 Amelia Island performance by 67 percent.
This result represents not only the highest total ever for a sale held during the Amelia Island week, but it also exceeds the combined total of all other auctions during this week, reaffirming RM Sotheby's clear market leadership. The incredible 98 percent sell-through rate, which includes 13 individual million-dollar-plus results, is a testament to RM's reputation for offering best-of-category automobiles.
Taking top sale honors of the day and of the entire Amelia Island Concours d'Elegance week was the 1960 Ferrari 400 Superamerica SWB Cabriolet, chassis number 1945 SA, achieving a very strong $6,380,000 to comfortably set a new world record for the model at auction. Significantly, proceeds from the car's sale went to benefit the consignor's charity for the education of children.