RM SOTHEBY'S IS THE WORLD'S LARGEST COLLECTOR CAR AUCTION HOUSE BY TOTAL SALES
WHO IS RM SOTHEBY'S
A paramount passion for cars, exotic, antique, or collectible, is what drives Rob Myers. The founder of RM Auto Restoration and RM Classic Cars, the global leader in the investment-quality collector car market, Myers has taken his professional restoration and auction businesses headquartered in Chatham-Kent, Ontario, Canada, and transformed them into a world-renowned group of companies.
Myers’ passion for classic cars stretches back to his childhood when he was surrounded by his father’s various antique automobiles. After years of working on his father’s cars, Myers started his own single-car garage restoration business in 1976, and by 1979, the company was officially incorporated.
Initially, the shop focused on repairs and engine and performance upgrades, eventually graduating to bodywork modifications and custom paint. By 1980, the company’s success allowed for the construction of a large, dedicated restoration and sales facility. Throughout the 1980s, Myers was also actively buying and selling collector cars and was soon joined by fellow collector car experts Dan Warrener and Mike Fairbairn, who became partners in 1988. With this team of knowledgeable specialists in place, brisk sales continued, and they were soon consigning dozens of vehicles to classic car auctions. They were doing such a large volume of business with other auction companies that they decided to open their own auction house. In 1991, RM Auctions was formed.
Over the past 40 years, RM has cemented its position as the market leader and successfully transformed the global automotive auction scene, helping elevate the perception of classic car auctions to premium events executed at the same level as high-end art auctions. The company’s vertically integrated range of services, from auctions and private sales to estate planning and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market.
In February 2015, RM Auctions announced the formation of a strategic partnership with Sotheby’s, with the latter acquiring a 25 percent ownership interest in the company, which is now known as RM Sotheby’s. The partnership unites the two companies for the full calendar of future automobile auctions. Since its establishment, the partnership has proven very effective in creating a truly worldwide platform for automobiles by introducing new audiences to the exciting world of collector cars.
From its inception, RM’s auction division has experienced consistent and impressive growth, establishing an enviable roster of premier car auction events in a variety of prestigious settings around the globe. Such notable auctions span the United States and include Monterey, California; Hershey, Pennsylvania; Phoenix, Arizona; and Amelia Island, Florida, where RM partners with the world-famous Amelia Island Concours d’Elegance. In 2007, RM expanded into Europe, hosting record-breaking auctions in Maranello, Italy, and London, England. As part of the company’s continued European expansion, RM introduced a new sale in Monaco in May 2010, held during the same weekend as the Historic Grand Prix of Monaco, and in 2011, the company hosted its debut sale at the Concorso d’Eleganza Villa d’Este on the shores of Lake Como, Italy. As a testament to the exclusivity of each event, the Monaco and Lake Como sales are held on an alternating basis every other year. In 2014, RM Sotheby’s further expanded its European arm with the establishment of a new sale in Paris, France, held during the world-famous Rétromobile week, followed by the addition of Essen, Germany, during the Techno Classica Essen fair in 2019. The company has also hosted a successful series of sales at Sotheby’s global headquarters in Manhattan (2013, 2015, 2017), which have incorporated creative pre-sale exhibitions featuring the cars in Sotheby’s 10th-floor galleries and enjoyed stunning results and reviews.
In 2019, RM Sotheby’s furthered the expansion of its global footprint with a ground-breaking auction at the Formula 1® Etihad Airways Abu Dhabi Grand Prix—the Middle East’s first-ever major international collector car auction—held in partnership with Formula 1 at the stunning Yas Marina Circuit.
Beyond sale results, 2019 was a year of solid growth for RM Sotheby’s. The auction house successfully entered new geographies for the first time, including Germany, Portugal, and Abu Dhabi. In late 2019, RM Sotheby’s launched into digital auctions, hosting Online Only collector car and memorabilia auctions on rmsothebys.com for the first time.
Continuing that momentum, in 2020 RM Sotheby’s further expanded its global presence in Online Only collector automobile auctions, having re-invented its business model to adapt to the quickly changing global environment because of the COVID-19 pandemic and shifting its auction business to primarily online, hosting a total of 21 auctions via its Online Only platform. RM’s own flagship Monterey sale was hosted on RM’s digital platform, dubbed the Online Only: SHIFT/Monterey auction, and further reinforced its position as the worlds leading auction house of fine collector cars having established the record for the highest price ever achieved for a car sold in a dedicated Online Only collector car auction.
A WINNING TRADITION
STRIVING FOR EXCELLENCE AND BREAKING WORLD RECORDS
- The Guikas Collection 2021: The Guikas Collection auction, unquestionably one of the most anticipated European sales of recent years, was concluded in spectacular style on 19 November, with all 87 lots including cars, parts, and memorabilia, finding new homes at a total sales figure of €39,532,700. With the auction taking place in the magnificent surroundings of the Circuit Paul Ricard at Le Castellet, France, the event offered an entirely unique auction experience, with many of the 77 cars on offer being demonstrated on track as they went under the hammer. Bidders at the auction represented 38 countries, with new world-record values established at the once-in-a-generation single-owner collection sale.
- London 2021: RM Sotheby’s held its 15th annual London auction on 6 November during the famed London to Brighton Veteran Car Run and the ‘The London Motor Week.’ Held in association with the London to Brighton Veteran Car Run, the event was hosted within The Royal Automobile Club and had previews taking place in the historic Waterloo Place just off Pall Mall. Results grossed £7,765,265 with a pair of iconic supercars topping the sales, which included a 2016 Ferrari LaFerrari finished in an exquisite one-of-one special order livery of Vinaccia paint over Pelle Chiodi Di Garofano interior, which sold for £2,142,500. Another highlight included the ultimate ‘poster car’ of the 1980s, the 1987 Porsche 959, which exceeded its pre-sale high estimate bringing £1,158,125.
- Hershey 2021: RM Sotheby’s conducted its 15th annual Hershey auction at the Hershey Lodge during the Antique Automobile Club of America’s (AACA) Eastern Division Fall Meet. Total sales across the two-day auction grossed $12,984,210 with 98% of all lots sold. The auction drew outstanding attendance as the cars crossed the block in front of a packed auction room with bidders from across the U.S. The sale offered an exceptional lineup spanning over 80 years of automotive history which included The Collection of Robert Thayer featuring three stunning American classics.
- St. Moritz 2021: RM Sotheby’s conducted its first-ever boutique Swiss sale grossing an exceptional CHF16.5 million with eight lots exceeding CHF1 million. The live sale, which offered 24 lots and was conducted in front of a packed room at the Kempinski Hotel, St. Moritz, was the first RM Sotheby’s auction conducted in Switzerland. The auction also marked the first sale held in association with the Bernina Gran Turismo and the International St. Moritz Automobile Week.
- Auburn Fall 2021: RM Auctions hosted the Auburn Auction Park's 51st annual Labor Day event from 2 - 5 September 2021. Total sales across the four-day auction grossed more than $15.8 million with 97% of all lots sold. The Labor Day Weekend auctions drew great attendance and saw bidders from 46 states across the U.S. with 35% representing new clients. This year's event was particularly noteworthy for the number of single-owner collections on offer, including the much-anticipated Glen Hague Collection comprising of 68 American classic motor cars, 58 Cushman scooters, and more than 500 lots of automobilia, which achieved $1,630,041. Additionally, The Michigan Collection, which featured a collection of 70 automobiles spanning over 30 years of historic Michigan automotive history, grossed $2,111,975.
- Monterey 2021: RM Sotheby’s flagship auction grossed over an astonishing $148 million in total sales over the company’s three-night auction in Monterey, California, with an impressive 90 percent of all lots sold and five new records set. The 2021 sale featured a pronounced lineup of cars featuring The Andrews Estate Collection and The Fox Collection as well as numerous blue-chip automobiles at multi-million-dollar estimates. In total, 44 lots exceeded $1,000,000, 16 lots exceeded $3,000,000 and 4 lots exceeded $5,000,0000 over the course of the three-nights with bidders representing 34 countries and 20% representing new clients.
- The Lewis Hamilton GP Winning McLaren 2021: Formula 1® and RM Sotheby’s achieved a record sum for a F1 car, selling Sir Lewis Hamilton’s 2010 Turkish GP race winning McLaren MP4-25A, chassis no. 01, for £4,836,000. The unique sale, conducted at the race circuit immediately after F1’s first ever sprint qualifying race for the FORMULA 1 PIRELLI BRITISH GRAND PRIX 2021, saw the car perform demonstration laps in front of approximately 140,000 spectators, while Sotheby’s European Chairman, Oliver Barker, conducted proceedings from the winners’ podium. No Lewis Hamilton F1 car has ever been offered for public sale, making the auction a unique event in an even more unique setting, and which saw the car achieve a near-record price for a F1 car at auction, second only to the previous Sotheby’s record for Michael Schumacher’s 2001 F2001 which sold for £5,449,607.43 in 2017.
- A Passion For Elegance 2021: RM Sotheby’s enjoyed a successful night of results at its Passion For Elegance auction, held in Liechtenstein on 19 June. The 26-lot sale represented a wonderfully curated single-owner collection of Rolls-Royce and Bentley motor cars, and one of the finest collections of luxury British automobiles to ever be publicly offered. The collection held strong pre-sale interest which transitioned into outstanding results, exceeding expectations and achieving CHF11.1 million. A best-in-class highlight was the 1954 Rolls-Royce Phantom IV Limousine 'Princess Margaret' by H.J. Mulliner, one of only 18 Phantom IVs produced, and built for HRH, Princess Margaret, which was completed and delivered to her in 1954. This Phantom IV Limousine is rare in the extreme and was secured for a remarkable CHF2,255,000 (€2,081,365), a world-record for a Phantom IV offered at auction and a figure that saw the car well surpass its pre-sale estimate of CHF400,000 – CHF600,000.
- Milan 2021: RM Sotheby’s conducted its first ever Milan sale on 15 June, with the exclusive 19 lot auction grossing €11,635,000 at the Palazzo Serbelloni. The sale was the first RM Sotheby’s auction in Europe to welcome clients back to a live auction environment, and the well-attended event was a stunning spectacle with the incredible roster of cars displayed under the Italian blue sky and surrounded by some of Milan’s most historic buildings.
- Amelia Island 2021: RM Sotheby’s returned to the Ritz-Carlton at Amelia Island as the official auction house of the renowned Amelia Island Concours d’Elegance for the company’s 23rd annual sale. The single-day live auction for 2021 was a resounding success, with sales totaling $42,174,340 and an incredible 95.28 percent of all lots offered finding new homes. Bidders from over 27 countries competed online and via telephone with the live in-person audience. The undoubted star of the sale was the 1929 Duesenberg Model J 'Disappearing Top' Torpedo Convertible Coupe by Murphy, which smashed its high estimate of $4,000,000 and ultimately sold for $5,725,000.
- Paris 2021: On 13 February, RM Sotheby’s hosted its livestreamed Paris auction with 40 of the finest sports, racing, and touring cars, alongside a selection of primarily Ferrari automobilia on offer. Totaling €9,407,600 in overall sales, the one-day auction saw bidders participate via telephone, internet, and absentee bids from no less than 32 countries, 30 percent of which represented first-time RM Sotheby’s clientele. Taking the top sale slot was a recently restored, Polo Storico certified 1971 Lamborghini Miura P400 SV by Bertone, which achieved €2,423,750. Other notable sales include the only 1993 Isdera Commendatore 112i built, which sold for €1,113,125 and a 1977 Lamborghini Countach LP400 'Periscopio' originally owned by Rod Stewart, which brought €775,625.
- Arizona 2021: On Friday, 22 January, RM Sotheby’s kicked off its 2021 auction calendar with the company’s 22nd annual Arizona auction, held this year at the OTTO Car Club in Scottsdale with limited, by appointment only in-person attendance, achieving $35,065,900 in total sales with 90 percent of all lots finding new homes. The one-day auction saw bidders from 35 countries around the world bidding in the room and via phone and internet.
Summary: RM Sotheby’s, the world’s largest auction house in collector cars by total sales in the past decade, concluded another year as a global market leader in collector car auctions and strengthened its market position in 2020 by expanding its global presence in Online Only collector car auctions. In 2020, RM Sotheby’s sold 4,188 lots across 27 auctions, 21 of which were hosted on the company’s proprietary Online Only auction platform, which launched at the end of 2019. Demonstrating the strength of RM Sotheby’s international reach, more than 8,600 unique bidders participated in the company’s 2020 sales, hailing from 76 countries around the world. Notably, approximately 60 percent of bidders in 2020 represented new RM Sotheby’s clientele as the auction house continued to expand its global reach.
- A Ferrari to Benefit Save the Children 2020: RM Sotheby’s, in partnership with Ferrari, hosted a single-lot, charitable auction via its Online Only platform featuring one of the earliest production Ferrari Roma models to be delivered to North America. The all-new, well-optioned Roma closed for bidding on 29 October and sold to the highest bidder for $600,000. As a result, a total of $750,000 was raised to benefit Save the Children and its work to support critical education assistance in the U.S.
- Contemporary Art Evening Auction 2020: RM Sotheby’s celebrated a historic evening with the sale of the renowned trio of Alfa Romeo Berlina Aerodinamica Tecnica concept cars, B.A.T. 5, 7 and 9d, for $14,840,000 during Sotheby’s Contemporary Art Evening Auction, achieving the top sale slot and setting a new record for the most valuable post-war Alfa Romeo sold as a single lot at auction and one of the most valuable of any Alfa Romeo ever sold.
- The Elkhart Collection 2020: RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Featuring over 240 highly collectable cars and a wide selection of memorabilia offered almost entirely without reserve, the two-day auction executed on behalf of trustees of U.S. Bankruptcy Court saw spirited bidding activity both in the auction room and remotely from no less than 2,500 bidders from 53 countries, with 55 percent of bidders representing first-time RM Sotheby’s clientele.
- Auburn Fall 2020: RM Auctions returned to the historic Auburn Auction Park 3–5 September for its 50th annual Auburn Fall classic car auction. With more than 500 quality cars and 400 lots of automobilia presented across the three-day sale, total sales achieved nearly $18 million with an impressive 91 percent of all lots finding new homes. Bidders at the Auburn Fall sale hailed from no less than 34 countries with more than 45 percent representing first-time RM clientele.
- Online Only: SHIFT/Monterey 2020: RM Sotheby’s further reinforced its position as the world’s leading auction house of fine collector cars, as it grossed $30,412,810 in its Online Only: SHIFT/Monterey sale and established the highest price ever achieved for a car sold in a dedicated Online Only collector car auction. The incredible 2001 Ferrari 550 GT1 Prodrive, an icon of modern era sports car racing, achieved $4,290,000 in a hard-fought bidding war on the final day of the sale.
- Online Only: Open Roads, The European Summer Auction 2020: RM Sotheby’s Online Only: Open Roads, The European Summer Auction generated €8.23 million in total sales with bidders hailing from no less than 41 countries. This is the second European-based sale to be held via RM Sotheby’s’ proprietary Online Only platform and yet again proved the auction house’s expertise in attracting potential buyers from all around the world to bid on the world’s rarest and most collectable cars and in this instance, boats too.
- Online Only: The European Sale featuring the Petitjean Collection 2020: RM Sotheby’s has closed yet another record auction with Online Only: The European Sale featuring the Petitjean Collection, which opened for bidding on 3 June and closed across two days, 10–11 June. Overall, Online Only: The European Sale featuring the Petitjean Collection amassed €19,246,540, making it RM Sotheby’s highest-grossing online car auction thus far. Headlining the results was a stunning Limited Edition 2020 Porsche 935 ‘Martini’—which sold for a final €1.32 million after a flurry of late bidding before the lot closed. With close to 1,000 registered bidders, the sell-through rate was a staggering 91 percent across all lots offered with bidders registered from 48 countries across the globe, demonstrating RM Sotheby’s unrivalled ability to connect buyers and sellers throughout the world. This also represents the highest number of registered bidders for any RM Sotheby’s Online Only sale to date, 41 percent of which were first-time clientele.
- Online Only: Driving into Summer 2020: RM Sotheby’s hosted its first car auction specifically curated for the Online Only platform—Driving into Summer—with great success, presenting 193 motor cars and 24 lots of automobilia, which opened for bidding on 21 May and closed in a staggered format on 28–29 May. The time-based, online auction totaled an impressive $16,385,738 in sales. More than 550 bidders participated from no less than 35 countries, with 24 percent bidding with RM Sotheby’s for the first time. Proving that rare, iconic supercars remain in strong demand among enthusiasts, it was a 2003 Ferrari Enzo that led the online auction sales, selling for $2,640,000 to become the most valuable car sold in a dedicated online-only car auction to date.
- Online Only: A Porsche with Purpose 2020: RM Sotheby’s and Porsche Cars North America, Inc. (PCNA) hosted a unique charitable time-based auction held on RM Sotheby’s Online Only bidding platform over seven days. The sole lot offered was the last-ever 991 generation 911 to enter and pass down the serial production line, including a unique package of experiences and gift items. Bidding closed 22 April seeing 32 bids, which raised $500,000 (auction hammer price). PCNA has decided to match the winning bid to raise the total proceeds to $1 million. The money will be donated United Way Worldwide, less taxes and fees, to directly aid its work for COVID-19 relief in America.
- Online Only: The Palm Beach Auction 2020: RM Sotheby’s successfully completed the first catalogue sale to be offered via the auction house’s time-based Online Only digital platform with the presentation of Online Only: The Palm Beach Auction. 259 motor cars and 21 lots of automobilia opened for bidding on 20 March, with lots closing in a staggered format from 25 to 28 March. The online-only auction totaled $13.7 million in sales, with an overall sell-through rate of 69 percent. RM Sotheby’s saw an unprecedented level of interest in its online platform, with nearly 900 registered bidders—23 percent more than the average number of registered bidders at live RM Sotheby’s South Florida auctions over the last four years. Bidders participated from 44 countries, with 36 percent bidding with RM Sotheby’s for the first time. Over the course of the auction (20–28 March), there were more than 615,000 page views within the Online Only Palm Beach section of rmsothebys.com alone.
- Amelia Island 2020: RM Sotheby’s returned to the Ritz-Carlton at Amelia Island this past weekend for the company’s 22nd annual sale as the official auction house of the renowned Amelia Island Concours d’Elegance. A two-day auction for 2020, the sale was a resounding success, totaling more than $35.8 million and with 94 percent of all lots offered finding new homes. Bidder registration exceeded that of 2019, representing 30 countries and with 17 percent bidding with RM Sotheby’s for the first time.
- Paris 2020: 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.
- Arizona 2020: On 16–17 January, RM Sotheby’s kicked off its 2020 calendar with the auction house’s 21st annual Arizona auction, totaling $30.4 million in sales with 90 percent of all lots sold. Held at the Arizona Biltmore in Phoenix during Arizona Car Week, the two-evening auction welcomed bidders from 26 countries around the world bidding in the room and via phone and internet, with nearly 25 percent registering to bid with RM Sotheby’s for the first time.
Summary: RM Sotheby’s sold more than $400 million at auction over the last year, including both live and online sale events, and led the market with the highest auction sales total in 2019, including selling the highest priced car at auction in 2019, as well as five of the top 10 most valuable cars sold at auction over the course of the year. RM Sotheby’s led many segments of the market in 2019, having been responsible for approximately 40 percent of the cars sold at auction in both the US$1 million + range, as well as the $250,000 - $1 million range, double the number of cars sold by the nearest competitor. The auction house also led the overall classic car auction market in EMEA, with the highest sales total for auctions held in EMEA in 2019.
- Abu Dhabi 2019: On 30 November at the season-ending FORMULA 1® ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2019, RM Sotheby’s made history with the first-ever international collector car auction to be hosted in the Emirate and the first auction to ever take place at an F1® Grand Prix™. In collaboration with F1®, RM Sotheby’s presented an exceptional lineup of 40 blue-chip collector cars, ranging from victorious Grand Prix racing machines to iconic sports cars and the most sought after low-mileage modern hypercars, generating total sales of $31.3 million USD across the two hours of auction action. The offering reflected the diverse collecting interests of the region and resulted in record-setting benchmark prices across all categories. Bidders represented a wide range of 28 countries, with one third from the Middle East region and an overall 40 percent representing first-time RM Sotheby’s bidders.
- London 2019: RM Sotheby’s was proud to host the remarkable sale of a supremely original Lamborghini Miura at its annual London sale, with the never-restored supercar exceeding its pre-auction estimate to achieve a remarkable £1.24 million. Many of the cars offered at Olympia, in West Kensington, achieved strong prices with a Lancia Delta S4 Rally and Ferrari 250 GTE 2+2 Series in particular securing worthy results. A further highlight was the nine-lot Forests Collection that pulled in over £500,000 for a worthy environmental cause. Bidding was strong throughout the sale on the telephone desks, online and from within the packed auction room, with bidders representing no less than 33 countries.
- Hershey 2019: RM Auctions, a division of RM Sotheby’s Group, achieved strong results for the auction house’s 13th annual Hershey sale, generating $15,569,594 with 97 percent of all lots sold. Held during the world-renowned Antique Automobile Club of America’s (AACA) Eastern Division Fall Meet, the two-evening auction saw more than 200 historic automobiles, offered in large part from significant single-owner collections, alongside a wide array of memorabilia cross the auction stage. A packed auction room, enthusiastic bidding, and strong prices were seen on Thursday and Friday evening, with bidders hailing from no less than 23 countries, and nearly 25 percent of bidders representing first-time RM Sotheby’s Group clientele.
- The Taj Ma Garaj Collection 2019: RM Sotheby’s presented the company’s 36th single-owner private collection at auction this past weekend in Dayton, Ohio—the renowned Taj Ma Garaj Collection, grossing a total $5,685,859. Featuring 32 rare and eclectic Porsche and Volkswagen motor vehicles, as well as 356 lots of memorabilia from late prominent collector, Mr. John Dixon, the single-day absolute auction drew spirited bidding activity from no less than 20 countries around the world, with nearly 60 percent of bidders representing first-time RM Sotheby’s clientele.
- The Sáragga Collection 2019: RM Sotheby’s has enjoyed a fantastic, first-ever auction in Portugal where the company offered the incredible, single-owner Sáragga Collection, entirely without reserve on 21 September. A packed venue saw the sale gross €10.191.425, featuring 127 cars representing all budgets and eras of the collector car market. The Sáragga Collection was offered from a location on the owner’s estate, and hundreds of buyers filled the room to secure cars from this unique sale near the stunning beach resort region of Comporta. The room was enthusiastic and highly animated throughout the sale, with many results commanding applause and standing ovations from the audience. A remarkable 52 percent of bidders were new to RM Sotheby’s and no less than 38 countries were represented.
- Auburn Fall 2019: RM Auctions celebrated the now 49-year Labor Day tradition this past weekend with its annual Auburn Fall sale (29 August – 1 September) at the historic Auburn Auction Park in Indiana. Total sales across the four-day auction reached $ 16,664,242 with 90 percent of all lots finding new homes and bidders hailing from 29 countries and 48 states across the U.S.
- Monterey 2019: RM Sotheby’s led another Monterey Car Week this past weekend, reporting more than $107 million in total sales across the company’s three-night auction in Monterey, California (15-17 August), with 74 percent of all lots finding new homes. The Monterey sale exhibition saw fantastic attendance, with the collector car hobby descending on the Monterey Conference Center, translating to high bidder turnout during the sale, with representation from no less than 43 countries. Despite shifting market conditions observed throughout the Monterey Peninsula this year, RM Sotheby’s saw several stand-out prices achieved for exceptional collector cars over the course of the three-day Monterey sale, including new world records set each night. RM Sotheby’s top lot of the auction, and the most valuable car sold during 2019 Monterey Car Week, was the highly anticipated 1994 McLaren F1 “LM-Specification”,the world’s most revered modern supercar, which sold for a final $19,805,000, setting a new auction record for the marque on Friday evening.
- Auburn Spring 2019: RM Auctions returned to the historic Auburn Auction Park this past weekend (29 May – 1 June) for the company’s annual Auburn Spring collector car weekend. Total sales across the four-day auction reached $6,853,794, led by a diverse top ten sales list and two full days of exceptional memorabilia and collectibles on offer. Bidders at the Auburn Spring sale hailed from no less than 11 countries, with more than 40 percent representing first-time RM Auctions clientele.
- Villa Erba 2019: RM Sotheby’s, the official auction house of the esteemed Concorso d’Eleganza Villa d’Este, concluded its fifth, successful Villa Erba sale on the shores of Lake Como, Italy, grossing an impressive €19,798,085 and with five cars achieving figures in excess of €1,000,000. Bidders at the exclusive event represented no less than 30 countries, with more than 25 percent being first-time RM Sotheby’s clientele.
- The Guyton Collection 2019: RM Sotheby’s presented the company’s 34thprivate collection at auction—the esteemed Guyton Collection, entirely without reserve, achieving $11,679,821 in total sales. Comprising the remarkable automobiles and collectibles of the late Mr. Fred Guyton, the two-day sale was held at the collection site, drawing strong bidding activity from more than 27 countries around the world, with more than 40 percent of bidders representing first-time RM Sotheby’s clientele.
- Essen 2019: RM Sotheby’s wrapped up the company’s first-ever German auction, reaching total sales of €18.7 million with 86 percent of all 229 lots on offer finding new homes. The two-day sale represents one of the most successful and significant classic car auctions ever held in Germany in terms of both total value and number of cars sold. The auction took place in a packed room on both days and drew bidders from 46 countries, with more than 40 percent of participants being first-time RM Sotheby’s clientele.
- Fort Lauderdale 2019: RM Auctions held its annual Fort Lauderdale sale, 29-30 March at the Broward County Convention Center, achieving the best result in the event’s 17-year history. Total sales across the two-day auction reached in excess of $23.2 million, with more than 80 percent of the 476 lots on offer finding new homes. RM Auctions also saw strong bidder attendance at the sale, with 24 countries represented by participants, and one third of bidders representing first-time RM Auctions clientele.
- Amelia Island 2019: RM Sotheby's, the official auction house of the esteemed Amelia Island Concours d'Elegance, returned to the Ritz-Carlton, 8–9 March, for the company's 21st annual Amelia Island sale, achieving more than $38.1 million in total sales with 84 percent of all lots sold. The total represents the strongest auction house performance during the 2019 Amelia Island Concours week, with bidders hailing from 28 countries around the world, and 20 percent representing first-time RM Sotheby's clientele.
- Paris 2019: RM Sotheby's achieved its highest total for the company's Paris sale to date on 6 February, generating more than €32.4 million at its sixth annual sale during Rétromobile. The sale welcomed bidders from no fewer than 45 countries and noted a 25 percent increase in total bidders over 2018. The undoubted star lot of the sale was the 1987 Ferrari F40 LM, which achieved €4.842.500 to set a new world record for the model.
- Arizona 2019: RM Sotheby's kicked off its 2019 auction calendar with the company's 20th annual Arizona sale, 17–18 January, at the Arizona Biltmore in Phoenix. The two-evening auction totaled $37 million in sales, with 85 percent of all lots finding new homes. The top sale of the week was a fresh-to-market, 2,900-mile 1985 Ferrari 288 GTO, which drew enthusiastic bidding from several parties on Thursday night before selling for a final $3,360,000 (Estimate: $3,200,000–$3,600,000).
Summary: The RM Sotheby's Group, comprising both RM Sotheby's and RM Auctions, maintained its market leadership as the largest collector car auction house by total sales, reporting more than $423 million in global auction sales, with a strong 84 percent overall sell-through rate. Sales were led by the 1962 Ferrari 250 GTO, which was sold in Monterey for $48.4 million – the most valuable car ever sold at auction. In addition, RM's Private Sales division handled the discreet sale of more than $150 million of some of the world's most significant collector cars, led by the 1963 Ferrari 275 P, the only Ferrari to have won the legendary 24 Hours of Le Mans twice.
- Arizona 2018: RM Sotheby's diverse roster of blue-chip collector cars spanning pre-war American classics through iconic European sports cars and high-performance modern collectibles powered its 19th annual Arizona sale to a final $36,523,620 with 88 percent of all lots sold at the Arizona Biltmore, 18–19 January. The star of the sale was an exceptional 1966 Shelby 427 'Semi-Competition' Cobra, which sold for a world-record price of $2,947,500.
- Paris 2018: RM Sotheby's enjoyed a fantastic night at its fifth annual Paris sale, 7 February, bringing in a sale total of €23,745,225 with 83 percent of the 84 lots successfully sold. Demonstrating continued interest in low-production modern-era hypercars, the 2017 Bugatti Chiron was the night's top seller, achieving an incredible €3,323,750.
- Amelia Island 2018: RM Sotheby's returned to Amelia Island for its 20th annual sale as the official auction of the renowned Amelia Island Concours d'Elegance. The single-day sale achieved $27.7 million, with a strong 86 percent of all lots sold. Top sale honors were led by a 1966 Ferrari 275 GTB, one of approximately 58 long-nose, torque-tube, triple-carburetor, steel-bodied examples. Retaining its original chassis, engine, and gearbox, the beautifully presented car sold for a final $2,205,000.
- Fort Lauderdale 2018: RM Auctions returned to Florida the weekend of 6–7 April for the company's 16th annual Fort Lauderdale sale, where the auction house achieved $19.1 million in total sales with a strong 76 percent of all lots finding new homes. The most valuable lot of the two-day sale was the 1962 Mercedes-Benz 300 SL Roadster, eventually selling to a bidder on the phone for a final $1,540,000 following a lengthy competition.
- Monaco 2018: RM Sotheby's biennial Monaco auction, held 12 May at the Grimaldi Forum, totaled €23,317,290, drawing global interest from bidders representing 36 countries.
- Auburn Spring 2018: RM Auctions returned to the historic Auburn Auction Park in Indiana on 11–12 May for the company's 8th annual Auburn Spring collector car weekend. This represented the first Auburn Spring sale held under the RM Auctions banner, following the integration of former RM Sotheby's Group subsidiary, Auctions America, in fall of 2017. RM Auctions achieved an overall $6,037,635 in total sales, with a strong 84 percent of the 500 lots on offer finding new homes across the two-day auction.
- June 2018: RM Sotheby's announced that it will expand its reach and level of client service with the creation of RM Sotheby's Private Sales, a division of the RM Sotheby's Group. June's formal launch included a dedicated section on rmsothebys.com, providing increased ease of service to RM Sotheby's global network of clientele. The division was launched with the most iconic supercar of the modern era—a 1998 McLaren F1 'LM-Specification.'
- The Dingman Collection 2018: RM Auctions returned to Hampton, New Hampshire, 23–24 June for the company's concluding presentation of The Dingman Collection, achieving an overall $7,027,334 in total sales, with all lots finding new homes across the two-day auction event. The Dingman Collection, offered entirely without reserve, comprised the remarkable cars and collectibles of the late Mr. Michael Dingman, long-time Ford Motor Company Director and one of the most important Ford collectors of modern times.
- Monterey 2018: RM Sotheby's celebrated an historic weekend in Monterey, 24–25 August, with a new record for the most valuable car ever sold at auction, selling a 1962 Ferrari 250 GTO for $48,405,000. The 250 GTO championed RM Sotheby's most historic Monterey offering to date, which resulted in an overall total of $157,931,940 – one of the company's all-time top performances, the highest-grossing auction of Monterey Car Week, and a near 19 percent increase over 2017 results at the same venue.
- Auburn Fall 2018: RM Auctions celebrated a now 48-year Labor Day tradition with its annual Auburn Fall sale (30 August – 2 September) at the Auburn Auction Park in Indiana. The four days of spirited auction action resulted in $21.7 million in total sales, with a strong 81 percent of all lots sold. The top sale of the auction was the 1957 Mercedes-Benz 300 SL Roadster, a first-year example which sold for a final $852,500 just after it crossed the block.
- London 2018: RM Sotheby's enjoyed an evening which saw £9.4 million-worth of outstanding cars go under the hammer in what was the company's 12th annual return to Battersea Evolution in London on 5 September. Proving once again that rare, modern-era supercars remain in strong demand with collectors and enthusiasts, it was the 2003 Ferrari Enzo that proved its star quality by leading the results, selling for £1.97 million to nearly eclipse its high estimate.
- Hershey 2018: RM Auctions returned to Hershey on 11–12 October for the company's 12th annual sale coinciding with the Antique Automobile Club of America's renowned Eastern Division Fall Meet. RM Auctions achieved an overall total of $10,999,096 across two evenings of spirited bidding at the Hershey Lodge, with a strong 94 percent of all lots sold. Energy and interest were high across both Thursday and Friday evening sessions, with the top sale being the 1930 Cadillac V-16 Roadster, which sold for a final $495,000, surpassing its pre-sale estimate of $400,000–$450,000.
- Porsche 2018: RM Sotheby's celebrated 70 years of Porsche on 27 October with the company's single-marque Porsche 70th Anniversary Auction at the Porsche Experience Center Atlanta (PECATL), also the home of Porsche Cars North America. RM Sotheby's achieved $25.8 million in total sales, with 92 percent of all lots finding new homes. Stand-out prices were led by the first 959 Paris-Dakar ever offered at auction, doubling estimate at $5.95 million. In what was one of the most anticipated moments of the auction, the 2018 Porsche 911 Turbo Classic Series "Project Gold" came under the hammer to applause from the crowd, with the car eventually selling for an incredible $3,415,000 to a bidder onsite at the PECATL.
- The Petersen Automotive Museum Auction 2018: On 8 December, RM Sotheby's achieved $39.8 million in total sales at the company's final auction of 2018 at the renowned Petersen Automotive Museum in Los Angeles, California. Leading the group of 64 vehicles and 77 lots of memorabilia representing a cross-section of significant eras and 10 categories in collector car history—of which 88 percent found new homes—was the remarkably rare 1956 Ferrari 290 MM, which sold for $22,005,000, entering the ranks of the top 10 most valuable motor cars ever sold at auction.
Summary: The RM Sotheby's Group, comprising both RM Sotheby's and RM Auctions, maintained and extended its leading market position in collector car auctions in 2017, reporting more than $526 million in global auction sales with a strong 80 percent sell-through rate.
- Arizona 2017: RM Sotheby's sold the most expensive car over the Arizona auction weekend—a 1939 Mercedes-Benz 540 K Special Roadster—for over $6 million.
- Amelia Island 2017: Friday evening's exclusive sale of 'A Gentleman's Collection: The Pride & Passion of Orin Smith' realized $31 million, highlighted by the 1936 Lancia Astura Cabriolet Series III "Tipo Bocca" for over $2 million.
- Villa Erba 2017: RM Sotheby's offered the ultimate hypercar trinity at its Villa Erba sale, 27 May, on the shores of Lake Como, Italy. The Trio comprised a rare road-going McLaren P1 GTR with only 360 kilometres; a 'Paint to Sample' Arrow Blue, Weissach-optioned, Porsche 918 Spyder; and an 'as-new' Ferrari LaFerrari.
- April 2017: RM Sotheby's launched its exclusive television documentary series Million Dollar Car Hunters, produced by Waddell Media and co-commissioned by BBC Worldwide and Channel 4 for BBC Worldwide's global channels.
- Monterey 2017: $22.6 million Aston Martin DBR1/1 set the record for most valuable British automobile ever sold at auction.
- Monterey 2017: The second night of the Monterey sale was led by the Ferrari Performance Collection, a single-owner group made up of 13 iconic road-going Ferraris that brought a total of more than $16.5 million. The group, which spanned over 50 years of the marque's rich heritage, boasted low mileage and had been carefully maintained by its owner.
- Ferrari 2017: RM Sotheby's achieved an astonishing €63 million for 38 cars and select memorabilia at its exclusive auction held during the 70th anniversary celebrations of Ferrari at the Ferrari Factory in Maranello, Italy.
- Hershey 2017: RM Sotheby's once again celebrated the American automobile at Hershey Lodge during the world-renowned AACA Eastern Division Fall Meet with $15.9 million in total sales and an incredible 96 percent sell-through rate across two days.
- Sotheby's Contemporary Art Evening Sale (November 2017): On 16 November in Manhattan, Sotheby's sold the Michael Schumacher Monaco Grand Prix-, Drivers' Championship-, and Constructors' Championship-winning Ferrari F2001 for $7,504,000 (Estimate: $4,000,000–$5,500,000), setting a new world record for a modern-era Formula 1 car at auction.
- New York 2017: Both art and car enthusiasts flocked to Sotheby's Manhattan headquarters to watch over 30 iconic automobiles find new homes during RM Sotheby's third Manhattan sale, which achieved a sales total of $45.5 million. The star of the sale, an open-headlight 1959 Ferrari 250 GT LWB California Spider Competizione, chassis no. 1451 GT, sold for a final $17,990,000 to exceed its pre-sale estimate of $14–$17 million.
Summary: RM Group of Companies led the market in 2016 with $450 million in global auction sales.
- Monterey 2016: Ex-Ecurie Ecosse Jaguar D-Type smashes record for a British automobile sold at auction at a final price of over $21 million.
- Monterey 2016: CSX 2000, the very first Shelby Cobra, achieves over $13 million, setting a new auction benchmark for an American car.
- Duemila Route 2016: RM Sotheby's captured the attention of the global collector community with record-breaking Duemila Ruote sale in Milan. The three-day auction was the largest private automotive collection ever sold in Europe. Smashing expectations, the sale generated an outstanding €51.3 million.
- November 2016: RM Sotheby's partnered with Ferrari for the exclusive charity auction of a one-of-a-kind LaFerrari, which sold for a record $7 million.
Summary: RM Group of Companies (RM Sotheby's and Auctions America) posted $593 million in global auction sales in 2015.
- February 2015: RM Auctions and Sotheby's announced the formation of a new strategic partnership as Sotheby's acquired a 25 percent ownership interest in RM Auctions, which has since been known as RM Sotheby’s.
- May 2015: RM Sotheby's set a new record for a private automobile collection auction, generating over $53 million with 100 percent of all lots sold at its sale of the Paul and Chris Andrews Collection in Fort Worth, Texas.
- London 2015: A 1953 Jaguar C-Type Works Lightweight, chassis XKC 052, sold for $13.2 million, setting a new record for any Jaguar automobile sold at auction.
- Monterey 2015: RM Sotheby's generated the highest ever total for a collector car auction: $172.9 million in sales at its flagship Monterey, California, event.
- 1964 Ferrari 250 LM claimed the top sale of Monterey Car Week at a record $17.6 million.
- The Pinnacle Portfolio set a new auction benchmark for a single-day, single-vendor auction at $75.4 million.
- RM Auto Restoration claimed sixth Best of Show win at the prestigious Pebble Beach Concours d'Elegance.
- New York 2015: RM Sotheby's rounded out a banner 2015 season in New York City, realizing more than $73.5 million in auction sales with 81 percent of all lots sold during its exclusive 'Driven by Disruption' event.
- Janis Joplin Porsche shattered pre-sale estimate, selling for an incredible $1.76 million.
Summary: RM Group of Companies (RM Auctions and Auctions America) generated $470 million in sales in 2014.
- Arizona 2014: 1958 Ferrari 250 GT LWB California Spider set new Arizona auction record, selling for an outstanding $8.8 million.
- Paris 2014: 1955 Jaguar D-Type achieves €3.7 million at RM's inaugural Paris auction, establishing a new auction world record for the model.
- Amelia Island 2014: $6.6 million 1937 Delahaye 135 Competition Court Torpedo Roadster topped RM's record-breaking Amelia Island sale.
- Monterey 2014: Ferraris dominated RM's Saturday sale as the 1967 Ferrari 275 GTB/4 delivered new to King of Cool Steve McQueen garnered over $10 million, and the 1964 Ferrari 275 GTB/C Speciale realized $26.4 million.
Summary: RM Group of Companies (RM Auctions and Auctions America) celebrated a record-setting 2013 with $442 million in sales and Best of Show at Pebble Beach.
- February 2013: RM Auctions' highly anticipated Bruce Weiner Microcar Museum sale generated more than $9.1 million with 100 percent of all lots sold. A true labor of love carefully amassed over more than 15 years by businessman and lifelong collector, Bruce Weiner, the museum was internationally celebrated as the world's finest and largest collection of rare microcars. After making a decision to disperse the collection, Weiner entrusted RM Auctions to present 200 vehicles and 284 lots of collectibles 'without reserve,' setting the scene for one of the most colorful and fun classic car auctions in recent history.
- New York 2013: RM Auctions and Sotheby's momentous Art of the Automobile auction generated over $62.8 million in sales in two hours of furious bidding.
- Records tumbled with the historic 1964 Ferrari 250 LM by Carrozzeria Scaglietti, achieving $14.3 million, while the stunning 1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi sold for over $7 million.
- 93 percent of all lots were sold to an international audience of bidders representing 17 countries.
Summary: RM Group of Companies (RM Auctions and Auctions America) posted more than $360 million in auction sales in 2012.
- February 2012: Highly anticipated Milhous Collection generated $38.3 million in sales with 100% of all lots sold. The result of over 50 years of dedicated collecting by brothers Bob & Paul Milhous, the sale presented a range of exceptionally rare mechanical musical instruments, automobiles, and collectibles before a packed house.
- April 2012: RM Auctions' Dingman Collection auction realized $9.88 million in sales, with 100 percent of all lots sold. Characterized by a superb assortment of Americana, the Dingman Collection represented many years of careful and meticulous acquisition by prominent businessman, investor, and philanthropist, Michael Dingman, a former Ford Motor Company director for over 21 years. In total, the weekend's sale lifted the gavel on nearly 50 automobiles and more than 1,000 automotive signs and collectibles (offered in 845 individual lots) before a packed house.
- August 2012: RM Auctions announced it will be the official classic car auction partner for the Windsor Castle Concours of Elegance.
- August 2012: RM Auctions continued its busy summer calendar of events, posting a spectacular €10.4 million with 100 percent of all lots sold at its Aalholm Automobil Museum sale in Denmark. Attracting unprecedented interest from around the world, thousands of enthusiasts descended on the historic Aalholm Automobil Museum on the southern Danish island of Lolland for the single-day sale to secure a piece of Danish history. In total, the five-hour auction presented 181 lots before an enthusiastic packed house.