Record Tumble in RM Sotheby’s Historic £21.6M Anniversary London Sale

8 09 2016

LONDON, UK  – September 8, 2016 – (Motor Sports Newswire) –  Making it a night to remember, RM Sotheby’s shattered numerous world-record auction values at its 10th anniversary London sale last night, generating in excess of £21.65 million in sales. Whilst a stunning 1960 Aston Martin DB4GT proved to be the night’s biggest seller, it is the game-changing prices achieved for some of the Porsches which will prove to be the sale’s most potent legacy.

  • RM Sotheby’s realizes £21.65 million with 76 percent of all lots sold at its 10th anniversary London sale, 7 September at Battersea Evolution
  • 1960 Aston Martin DB4GT is the evening’s top seller, making a record £2,408,000
  • Single-owner Porsche Collection steals the show, breaking multiple world records
  • An incredible £1,848,000 is paid for a 1995 Porsche 911 GT2, while a 1993 Porsche 911 Turbo S Lightweight achieves £974,400
  • Bidders hail from 33 countries; over a third of bidders represent first-time clientele
  • RM Sotheby’s rounds out 2016 calendar with an eclectic private collection sale in Northern Italy, late Autumn
  • Complete London results are available at www.rmsothebys.com

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Credit – Tim Scott ©2016 Courtesy of RM Sotheby’s

The beautiful DB4GT is one of just 75 factory-built examples. Offered in wonderful, matching-numbers condition, and one of just 45 right-hand-drive cars, the featured Aston Martin led a string of 86 vehicles in the glittering evening sale, achieving a world-record sum for a factory-bodied model at auction at a strong £2,408,000.

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Credit – Remi Dargegen ©2016 Courtesy of RM Sotheby’s

The Porsche Collection generated enormous interest as soon as it was announced, thanks to its incredible single-owner provenance and the low mileage of the cars on offer. Collectively, the group generated a remarkable £4,726,400 in the packed Battersea Park auction room, far exceeding pre-sale estimates to set numerous new auction benchmarks. Highlights included:

  • 1995 Porsche 911 GT2 –  £1,848,000, a record for a Porsche 911 GT2 at public auction, breaking the previous record by over one million pounds;
  • 1993 Porsche 911 Turbo S Lightweight – £974,400, a world record for a 964 series Porsche 911 at auction;
  • 1993 Porsche 911 Carrera RS – £716,800, a new auction benchmark for the model—a price close to half a million pounds more than the previous record; and,
  • 1995 Porsche 911 Carrera RS Clubsport – £403,200, an auction record for the model.

“Our 10th anniversary London sale has been a game-changer for a number of reasons”, says Peter Wallman, Managing Director, RM Sotheby’s Europe. “Clearly, the Porsche Collection generated some remarkable results, however from the evening preview to the sale itself there was an energy that hasn’t been seen in European auction rooms for a little while. This year’s auction tally is within a whisker of RM’s best ever, peak-of-the-market, London sale totals. We offered cars spanning 117 years and from £5,000 to £2,400,000, so the sale was representative of almost all areas of the market. Good cars, well presented with sensible estimates are selling strongly, and that is good news for the market as a whole.”

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Credit – Tim Scott ©2016 Courtesy of RM Sotheby’s

Away from the immaculate metal on offer in London, the rather less shiny 1967 Iso Grifo GL Series I, which was offered in true ‘barn find’ condition, was another notable highlight of the evening. With the market still drawn to the idea of purchasing totally original, unmolested machinery, the Grifo presented a once-in-a-lifetime opportunity for an enthusiast of these attractive and highly regarded sports cars. The subject of a spirited bidding contest, the car achieved an amazing £128,800 against a pre-sale estimate of £30,000-£50,000.

RM Sotheby’s London 2016 Top Five Sales

  1. Lot 169  – 1960 Aston Martin DB4GT  –  £2,408,000
  2. Lot 132 – 1995 Porsche 911 GT2  –  £1,848,000
  3. Lot 134 – 1960 Ferrari 250 GT Cabriolet Series II  –  £1,288,000
  4. Lot 129 – 1993 Porsche 911 Turbo S Lightweight  –  £974,400
  5. Lot 147 – 1939 Alfa Romeo 6C 2500 Sport Cabriolet  –  £952,000 (tied)
  6. Lot 153 – 1963 Aston Martin DB4 Series V Convertible  –  £952,000 (tied)

RM Sotheby’s continues its 2016 calendar of events with its 10th anniversary Hershey, Pennsylvania sale, October 6-7, presenting a carefully curated roster of some 120 automobiles. The world’s largest collector car auction house will then round out its 2016 calendar with a private collection sale in Northern Italy, late Autumn (Fall). Featuring an eclectic mix of automobiles, motorcycles, bicycles, boats, bobsleds and automobilia, the multi-day sale will provide a thrilling close to RM’s 2016 season as it presents more than 750 lots ‘without reserve’. Further details will be released in the coming weeks.

Complete results from RM Sotheby’s London auction are available online at www.rmsothebys.com,

*Results are listed in GBP and include 12 percent buyer’s premium for automotive lots and 17 percent of non-automotive lots. Exchange rate used: £1 GBP = $1.34 USD, €1.20 Euro.

FOR MORE NEWS FROM RM SOTHEBY’S

Visit: www.rmsothebys.com
Follow: www.twitter.com/rmsothebys
Join: www.facebook.com/rmsothebys
Watch: www.youtube.com/rmauctionsinc

About RM Sotheby’s

RM Sotheby’s (formerly RM Auctions) is the world’s largest auction house for investment-quality automobiles. With 35 years’ experience in the collector car industry, RM’s vertically integrated range of services, from private treaty sales and auctions 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 formed a strategic partnership with Sotheby’s, uniting the two companies for the full calendar of future automobile auctions. For further information, visit www.rmsothebys.com.

Source: RM Sotheby’s

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14 09 2016
Record Tumble in RM Sotheby’s Historic £21.6M Anniversary London Sale – Ancala West Sports Car Club

[…] via Record Tumble in RM Sotheby’s Historic £21.6M Anniversary London Sale — Motor Sports Newswire […]

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