RM | SOTHEBY'S

New York - Art of the Automobile

Sotheby's, New York, New York
RM AUCTIONS AND SOTHEBY'S STUN THE MARKET WITH INCREDIBLE $63 MILLION 'ART OF THE AUTOMOBILE' SALE IN NEW YORK
21 November 2013

RM AUCTIONS AND SOTHEBY'S STUN THE MARKET WITH INCREDIBLE $63 MILLION 'ART OF THE AUTOMOBILE' SALE IN NEW YORK

In what is being regarded as one of the most incredible collector car auctions of all time, RM Auctions and Sotheby's Art of the Automobile sale achieved $62,797,500 in sales in just over two hours of bidding. The packed sale room saw records tumble across numerous lots, with top sale honors going to a 1964 Ferrari 250 LM, a wonderfully historic and original example of this very rare sports racing Ferrari, which sold for $14,300,000, establishing a new world record for the model at auction. Taking the number two spot was the simply gorgeous 1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi, commonly regarded as one of the most beautiful coachbuilt cars of all time, which sold for $7,150,000, also establishing a new world record for the model at auction.

The 31 handpicked automobiles, two motorcycles, and seven pieces of artwork offered at the Art of the Automobile sale, the first major collector car auction to take place in Manhattan in over a decade, presented over a century of stunning automotive history and design in a unique gallery setting at Sotheby's New York headquarters. The auction, with its unique blend of quality and presentation, has set a new standard within the collector car auction market and attracted a vast and diverse audience of international bidders keen to secure the finest examples of automotive artistry available to the market. Demonstrating both RM and Sotheby's international footprint, bidders hailed from 17 countries, 15 percent of whom represented clients who had never participated in an RM sale.

Rob Myers, CEO and Founder of RM Auctions, said: “Working with Sotheby's, we set out to create the finest automobile auction that there has ever been. Our aim has been to raise the bar and set a completely new standard for quality and presentation, and I am delighted to say that these amazing results have proven it a great success. What we have established here in New York is a complete demonstration of how to bring some of the world's rarest and most exceptional automobiles to market in both an exciting and visually arresting way. Furthermore, the sale has successfully brought many new collectors into the market for the first time, which is fantastic news for our hobby."

No less than 16 of the 31 automobile lots achieved in excess of $1,000,000.


Sotheby's

1334 York Avenue
New York, New York
10021