GERMAN SPORTS ICONS ARE CENTRE STAGE IN PARIS AS RM SOTHEBY’S CONCLUDES ITS 7th ANNUAL SALE DURING RETROMOBILE WEEK
5 February 2020
Place Vauban, Paris, France
GERMAN SPORTS ICONS ARE CENTRE STAGE IN PARIS AS RM SOTHEBY’S CONCLUDES ITS 7th ANNUAL SALE
RM | SOTHEBY'S
HELD DURING RÉTROMOBILE SHOW WEEK
RM Sotheby’s enjoyed another successful night in Paris at its seventh annual sale during Rétromobile week. The auction amassed over €16.5 million in sales with 75 percent of all lots sold for the diverse range of desirable cars and automobilia offered for sale. The packed auction room, which encouraged enthusiastic bidding on key lots, witnessed very strong individual results across cars from rare 1950s and ‘60s sports roadsters through to modern hypercars. The much publicised Poster Car Collection was a particular success and brought in over €6.4 million total.
The star lot of the Poster Car Collection, the 1958 BMW 507 Series II, was the subject of high pre-auction interest, and on the night the beautifully restored roadster changed hands for an outstanding €1,996,250, under the imposing dome of Les Invalides, at Place Vauban. The 507 Series II—highly coveted and regarded as one of the most stunning roadsters to come out of the 1950s—is a matching numbers car and attracted a flurry of bids. The BMW is signed by its famous designer, legendary design pioneer Albrecht von Goertz.
The high demand for collectable ‘50s and ‘60s German cars continued throughout the night as the 1964 Porsche 904 GTS sold for €1,917,500, surpassing its pre-sale estimate (Est. €1.6m/€1.8m). The fully matching numbers Porsche is a beautiful two-seat dual-purpose sports racing car, retaining its original engine and gearbox. The German sports and racing theme continued as the top five sales were rounded out by two Mercedes-Benz 300 SL models. A 1954 Mercedes-Benz 300 SL Gullwing, believed to be one of the first models privately delivered to Europe and boasting interesting early competition history, settled on €1.07m (Est. €800,000/€1.2m) and a 1957 Mercedes-Benz 300 SL Roadster was bought for €764,375.
Demonstrating the varied segments of the market offered by RM Sotheby’s in Paris, a 2012 Bugatti Veyron 16.4 Super Sport was the third-highest value sale of the night, bringing in a final €1.52 million (Est. 1.2m/€1.8m). The French hypercar is one of only 48 Super Sport models ever produced and was offered for sale with numerous optional extras and having been well maintained by just one owner who covered only 4,000km from new.
The much-lauded Poster Car Collection, which comprised a wonderful selection of iconic, poster-worthy cars from across the decades, was a standout feature of the sale. With all-but-one of the 21 cars finding new homes and led by the sale’s top-selling BMW 507 Roadster Series II and Mercedes-Benz 300 SL Gullwing, the entire collection grossed €6,437,459, exceeding pre-sale low estimate for all cars. Other stand-out sales from the grouping included a 1992 Jaguar XJ220 at €398,750 (Est. €300,000/€350,000), a 1967 Iso Grifo GL Series I reaching €275,000 (Est. €200,000/€250,000) and a 1973 Ferrari Dino 246 GTS restoration project bought for €263,750.
Augustin Sabatié-Garat, Auction Manager, RM Sotheby’s Europe, said: “‘We enjoyed some strong results in Paris. The sale results for the Poster Car collection were an obvious highlight, with all but one of the cars selling strongly. The results for that collection prove that there is still a very strong market for well-restored and original low-mileage examples of highly regarded marques and models at sensible pre-sale estimates. We also enjoyed stand out results across the market, demonstrating that great classics from the 50s and modern era hypercars, all have a willing community of buyers in today’s market.”
RM Sotheby’s Paris auction also brought about the sale of several exclusively rare lots, led by the 1969 Mercedes-Benz 300 SEL 6.3 ‘Red Pig’ Replica, smashing its pre-sale estimate (€150,000/€200,000) to bring in €432,500 as bids just kept coming for the faithful re-creation of Mercedes-Benz and AMG’s iconic ‘Red Pig’.