RM Auctions kicked off its 2012 calendar on a positive note in Arizona, posting over $25.5 million in sales with a strong 89 percent sell-through at its annual Arizona Biltmore sale in Phoenix.
The well-established auction presented a magnificent roster of 140 blue-chip motor cars – spanning the spectrum of the collector car market – before a standing-room-only crowd. Illustrating RM's global clientele, bidders represented 21 countries around the world, with a strong showing of European enthusiasts.
Headlining the top-sellers list at RM's two-day Arizona auction was a superb roster of Ferraris, led by the unique ex-Dottore Wax/Greg Garrison 1957 Ferrari 410 Superamerica Scaglietti Coupe, s/n 0671 SA, the only example of the 34 410 Superamericas to have been bodied new by Scaglietti. The first new Ferrari road car to be bodied by the esteemed Modenese coachbuilder, 0671 SA claimed top honors of the weekend, selling for a strong $1,815,000 to great applause from the crowd.
Cementing RM's position as a leader in the presentation of important and historic Ferraris at auction, the sale presented no fewer than 10 examples from the Modenese prancing horse. A 1991 Ferrari F40 Berlinetta with less than 300 miles and originally delivered new to famed auto executive Lee Iacocca spurred a lively bidding war in the room, achieving a record price of $781,000, while a desirable 1973 Ferrari 365 GTB/4 Daytona Spyder, s/n 16705, offered for the first time in 23 years, brought $990,000, and a multi–award-winning 1963 Ferrari 250 GT Lusso Berlinetta, s/n 4459 GT, realized $979,000.