18 January 2013
Arizona Biltmore, Phoenix, Arizona
RM AUCTIONS REALIZES SPECTACULAR $36.4 MILLION AT SINGLE-DAY ARIZONA BILTMORE SALE
RM | SOTHEBY'S
RM Auctions kicked off its 2013 auction season on a strong note, realizing an impressive $36.4 million in sales with a strong 89 percent of all lots sold at its single-day Phoenix, Arizona, sale.
Held at the prestigious Arizona Biltmore Resort & Spa, the impressive results represent an all-time high for the international auction house in Arizona and, more significantly, a more than 42 percent increase over the company's 2012 sale, generated no less by a smaller, more elite offering as RM continued to focus on the top tier of the market.
Headlined by the record-setting sale of the 1960 Ferrari 250 GT SWB Berlinetta 'Competizione,' as many as eight automobiles achieved million-dollar-plus results, with numerous new auction records set. Reflecting RM's international clientele, bidders hailed from 17 countries around the world, with a strong showing of European enthusiasts as well as collectors from as far afield as Brazil, Argentina, and Australia.