15 - 16 August 2014
Portola Hotel & Spa, Monterey, California
RM AUCTIONS RAISES THE BAR WITH MORE THAN $143 MILLION IN SALES IN MONTEREY
RM | SOTHEBY'S
RM Auctions celebrated its 35th anniversary in the collector car hobby with its best performance to date: $143.4 million in sales with a strong 91 percent sell-through at its flagship Monterey, California, sale. Held during the prestigious Pebble Beach Concours d'Elegance weekend, the event ranks as the highest grossing collector car auction of all time, breaking the previous record set by RM in 2013. In addition, the sale also established a new benchmark for a single-day collector car auction, realizing more than $88 million during just four hours of lively bidding at its Saturday session.
RM's spectacular results were generated by the sale of 118 'best-of-category' automobiles before a packed house. Highlighted by its exceptional quality, the carefully curated offering commanded the attention of the world's most discerning collectors, with bidders representing 29 countries, including Russia, Hong Kong, Japan, and Brazil. Thirty-five automobiles achieved million-dollar-plus results, with three lots exceeding $10 million.