- Pre-war classics and Exclusively Porsche 964 Collection bring strong results at RM Sotheby’s Amelia Island
- Top seller: long-nose, torque-tube, steed-bodied 1966 Ferrari 275 GTB sells for $2,205,000
- 1931 Marmon Sixteen LeBaron Coupe far exceeds estimate at $1,050,000 and 1993 Porsche 911 Carrera RS 3.8 sells for a record $1,655,000
- 20th annual sale totals $27.7 million with a strong 86 percent of all lots sold
- Complete results from Amelia Island available at www.rmsothebys.com/results
AMELIA ISLAND, FL – March 11, 2018 – (Motor Sports Newswire) – RM Sotheby’s returned to Amelia Island this week 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, with international attendance from bidders representing 32 countries. Exceptional pre-War classics and modern high-performance models were the highlights of the night, with top sale honors 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.
One of the most highly anticipated segments of the evening was the offering of Exclusively Porsche – The 964 Collection, a group of 11 limited-production Porsche 911 Type 964 variants assembled by a single-owner. Stand outs from the collection included the one-of-55 1993 911 Carrera RS 3.8 which sold for a final $1,655,000 against a pre-sale estimate of $1.2m-1.5m, smashing the previous record for a Type 964 Porsche 911 Carrera RS at public auction. The paint-to-sample Ferrari Yellow 1993 Porsche 911 Carrera RSR 3.8 showing less than 800 km from new, roared onto the stage and brought a strong $1,270,000.
“Our 20th anniversary Amelia Island sale showed robust demand across the market with a strong 86 percent sell-through rate,” said Gord Duff, Global Head of Auctions for RM Sotheby’s, following the sale. “We saw a number of long bidding contests drive results well over estimate for cars in virtually every category from American Classics like the 1931 Marmon Sixteen Coupe, to the Porsche 911 Carrera RS 3.8 from the 964 Collection and, the 2001 Lamborghini Diablo which continued the string of recent strong prices for low-mileage supercars. To be able to sell both a Marmon Sixteen and a 911 Carrera RS 3.8 for record prices on the same night speaks to the expertise of our team of specialists as well as our client reach.”
Pre-War classics also drew strong interest at RM Sotheby’s Amelia Island sale. Most notably, a 1931 Marmon Sixteen LeBaron Coupe wearing a superb restoration by Marmon expert Harry Sherry and complete with its original body, engine, and chassis incited a fierce battle between a bidder in the room and on the phone, selling for a final $1,050,000 against a pre-sale estimate of $700k/900k. Additional American high performers included a 1932 REO Royale 8-35 Convertible Coupe, one of only five known surviving examples, which achieved a final $280,000 (est. $200k/250k). European classics were led by the immaculate 1930 Isotta Fraschini Tipo 8A S Boattail Cabriolet, known as “The Grey Goddess”, which dazzled under the auction lights before bringing a well-deserved $1,270,000. A 1928 Rolls-Royce Phantom I Étoile Town Car with striking coachwork by Hibbard & Darrin also far-exceeded expectations at $335,000 (est. $175k/250k).
Low-mileage supercars continued to command attention, with a 14-mile 2001 Lamborghini Diablo VT 6.0 SE, one of 42 final Special Editions produced and finished in exclusive Marrone Eklipsis bringing $412,000 (est. $300k/350k), a new benchmark for a Lamborghini Diablo VT 6.0 at public auction, and a 1,300-km 1991 Lamborghini LM002 offered without reserve sold for $296,500 against a pre-sale estimate of $200k/250k.
RM Sotheby’s Amelia Island 2018 – Top Ten Sales
|1.||Lot 148||1966 Ferrari 275 GTB (#08603)||$2,205,000|
|2.||Lot 167||1993 Porsche 911 Carrera RS 3.8 (#WP0ZZZ96ZPS497111)||$1,655,000|
|3.||Lot 153||1930 Isotta Fraschini Tipo 8A S Boattail Cabriolet (#1581)||$1,270,000|
|4.||Lot 176||1993 Porsche 911 Carrera RSR 3.8 (#WP0ZZZ96ZPS496080)||$1,270,000|
|5.||Lot 156||1957 Mercedes-Benz 300 SL Roadster (#197.042.7500183)||$1,094,000|
|6.||Lot 155||1956 Mercedes-Benz 300 SL Gullwing (#198.040.6500292)||$1,077,500|
|7.||Lot 129||1931 Marmon Sixteen Coupe (#16 141 694)||$1,050,000|
|8.||Lot 162||1930 Duesenburg Model J Imperial Cabriolet (#J-254)||$995,000|
|9.||Lot 154||1962 Aston Martin DB4 Series IV (#DB4/817/L)||$765,000|
|10.||Lot 147||1960 Ferrari 250 GT Coupe (#1745 GT)||$720,000|
Concours d’Elegance Foundation to benefit Spina Bifida of Jacksonville. Ranging from an original Ferrari 365 GTC display engine donated by Luigi Chinetti Jr. to a 2019 Rolex 24 at Daytona experience with the legendary Hurley Haywood, the lots raised nearly $100,000 for a worthy cause.
RM Sotheby’s returns to Florida in just a few short weeks for our annual Fort Lauderdale auction at the Broward County Convention Center, 6-7 April. Celebrated as South Florida’s premier collector car auction, the 16th annual sale will feature approximately 350 quality collector cars and a selection of memorabilia, ranging from American classics to European sports cars, muscle, hot rods, customs and modern collectibles. RM Sotheby’s also announced at Amelia Island that the company will be collaborating with the Porsche Experience Center Atlanta, the home of Porsche Cars North America, for a Porsche-only auction on 27 October at their spectacular facility, directly adjacent to the Atlanta Airport. Complete results from RM Sotheby’s Amelia Island sale as well as additional information on upcoming auctions is available at www.rmsothebys.com.
*Total sales are $27,701,720. Results are listed in USD and are inclusive of buyer’s premium. Sale total includes select post-sale transactions that occurred immediately following the sale.
Photo Credit (Darin Schnabel © 2018 Courtesy of RM Sotheby’s)
About RM Sotheby’s
RM Sotheby’s is the world’s largest auction house for investment-quality automobiles. With more than 35 years’ experience in the collector car industry, RM’s vertically integrated range of services, from private treaty sales and auctions (including both RM Sotheby’s and RM Auctions events) 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