17 - 18 August 2012
Portola Hotel & Spa, Monterey, California
RM AUCTIONS POSTS A SPECTACULAR $95 MILLION IN MONTEREY
RM | SOTHEBY'S
RM Auctions continued its strong track record in Monterey, California, realizing a spectacular $95.7 million in total sales, with a strong 89 percent of all lots sold.
The impressive results represent the highest individual auction tally in RM's history and, significantly, an almost 20 percent increase from last year's record $80 million Monterey sale, albeit generated by a smaller offering. The sale featured an elite, handpicked selection of 120 of the world's finest automobiles (compared to 144 motor cars offered at the previous year's sale). Illustrating RM's expertise in the presentation and marketing of blue-chip automobiles at auction, as many as 20 vehicles realized million-dollar-plus results, with five lots achieving individual prices exceeding $5 million, and numerous new auction records set.
The event's top seller was a 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, P/1074, achieving a new world record for an American automobile sold at auction with a remarkable sales price of $11,000,000.
Additional lots surpassing the $5 million mark included a magnificent trio of Ferraris, including a hugely desirable 1962 Ferrari 250 GT SWB California Spyder, chassis 3319 GT, for $8,580,000; an exceptional 1955 Ferrari 410 S Berlinetta, chassis 0594 CM, which set a new world record for a closed Ferrari at $8,250,000; and a coveted 1956 Ferrari 250 GT LWB Berlinetta 'Tour de France,' chassis 0585 GT, which fetched $6,710,000. Rounding out the group of $5 million-plus sales, the supremely elegant Pebble Beach Best of Show-winning 1938 Horch 853A Erdmann & Rossi Special Roadster achieved a strong $5,017,000, setting a new world record for a Horch sold at auction.