RM CELEBRATES 20TH ANNIVERSARY AUCTION IN THE MOTOR CITY WITH $7.4 MILLION IN SALES

Motor City

 

 

 

 

  • RM Auctions’ established Motor City sale achieves $7.4 million and captures international interest
  • Top sellers: 1911 Mercedes-Benz 38/70 HP realizes $495,000; 1932 Gar Wood 28’ Triple Cockpit Runabout garners $275,000
  • RM continues its 2014 calendar with its flagship Monterey sale, August 15-16 in California
  • Full results available online at www.rmauctions.com

 

BLENHEIM, Ontario (July 29, 2014) – RM Auctions, the official auction house of the Concours d’Elegance of America at St. John’s, celebrated 20 years of thrilling auctions in the Detroit area on the weekend by presenting a diverse roster of automobiles and posting $7.4 million in total sales at its annual Motor City sale in Michigan.

 

A featured attraction of the Concours d’Elegance of America at St. John’s weekend, the Motor City sale lifted the gavel on an eclectic mix of 77 vehicles and one classic boat, with 77 percent of all lots sold. Bidders represented 10 countries, including Germany, Australia, and the emerging markets of Russia and the UAE. Within the U.S., bidders came from 31 states, with strong interest demonstrated by collectors from America’s mid-west.

 

“With its rich automotive history and culture, the Motor City again provided a fantastic backdrop for our annual Michigan sale,” says Mike Fairbairn, Specialist, RM Auctions. “In addition to featuring many vehicles that were built and conceived in Detroit, we were pleased to expand the scope of the sale this year to include more European classics, which found ready buyers. We were also proud to return as the longest running sponsor of the Concours d’Elegance of America at St. John’s. All in all, it was a great weekend and a wonderful illustration of the passion that drives our hobby.”

 

Top sales honors went to the 1911 Mercedes 38/70HP Seven-Passenger Touring with coachwork in the style of Vanvooren, which achieved a strong final price of $495,000 to applause from the audience. Also attracting strong interest, the 1930 Gar Wood 28’ Triple Cockpit Runabout, originally built for Logan T. Wood and delivered new to Detroit, which realized $275,000. Other notable sales included the 1925 Duesenberg Model A Touring, the original road-going Duesenberg, and a 1925 Renault Model 45 Tourer, formerly owned by the Nethercutt Collection, both of which exceeded high estimates at $264,000 each.

 

RM Auctions – Motor City Top Six Sales:

Lot 158 – 1911 Mercedes 38/70HP Seven-Passenger Touring - $495,000

Lot 146 – 1953 Rolls-Royce Silver Dawn Drophead Coupe - $352,000

Lot 129 – 1906 Studebaker Model G Touring - $275,000

Lot 132 – 1930 Gar Wood 28’ Triple Cockpit Runabout “Katie’s Choice” - $275,000

Lot 126 – 1925 Duesenberg Model A Touring - $264,000

Lot 128 – 1925 Renault Model 45 Tourer - $264,000

 

RM continues its 2014 calendar with its flagship Monterey sale, August 15-16 in California. A must-attend event on the global collector car calendar, this year’s sale will lift the gavel on an exceptional roster of more than 125 blue-chip collector cars.

 

Full results from the Motor City sale, along with the digital catalogue for RM’s upcoming Monterey sale are available online at www.rmauctions.com.

 

*Results are listed in USD and are inclusive of 10 percent buyer’s premium on all automotive lots.