RM | AUCTIONS
Large crowds and spirited bidding led to a strong $14.2 million in sales at Auctions America's Santa Monica event, as the Indiana-headquartered auction house continued to put its stamp on the competitive Southern California auction scene. In just three years, the Auctions America sale has emerged as a new highlight on the SoCal collector car calendar—a fact that was reaffirmed again this past weekend with a record number of bidders vying for the event's 281 vehicles and select automobilia. Reflecting the broad appeal of the offering together with the company's strong international reach, bidders hailed from 16 countries as well as 39 states across the U.S.
Top sales honors of the weekend went to the event's catalogue cover car, a 1995 Ferrari F50, which roared onto the auction stage before a packed house during Saturday's sale session. Sparkling under the auction lights, the Rossa Corsa F50—one of only 55 U.S.-specification examples built—achieved a strong $1,952,500 to claim not only the top sale of the weekend, but rank as the most valuable car sold in Auctions America's history. Another modern supercar attracting strong interest during Saturday's sale session was the highly original 1989 Porsche 959 'Komfort'; just two owners and 7,500 km from new, it passed on to its third owner for $1.25 million.
Sunday's sale session was headlined by the presentation of select vehicles from Southern California's renowned Riverside International Automotive Museum (RIAM). Founded by racing enthusiasts Ray and Doug Magnon in 2006, the museum was dedicated to preserving and displaying California's rich motor sports heritage, as well as home to one of the largest and most comprehensive collections of Maserati road cars in the United States. Following Doug Magnon's passing last year, some 34 vehicles from the collection were offered 'without reserve' at the Santa Monica sale.