- M Auctions continues its Auburn Fall tradition with $21.7 million in total sales and 81 percent of all lots sold
- First-year Mercedes-Benz 300 SL Roadster tops sales at $852,500 while ACD trio from Richard L. Burdick Collection brings strong results, led by 1929 Duesenberg Model J Sedan at $737,000
- Four days of auction action and family fun brings tens of thousands of enthusiasts to Auburn Auction Park
- Complete Auburn Fall results at rmsothebys.com
- The RM Sotheby’s Group continues its summer calendar with annual London auction, 5 September
AUBURN, IN – September 5, 2018 – (Motor Sports Newswire) – RM Auctions celebrated a now 48-year Labor Day tradition this past weekend 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, representing a 12 percent increase in sales over 2017.
Collectors and enthusiasts flooded the Auburn Auction Park to view the more than 700 cars on offer and activities for the entire family to enjoy, with record crowds across Thursday, Friday, Saturday, and Sunday. Bidders hailed from 14 countries and 45 states across the U.S., with more than 30 percent representing first-time RM Auctions clientele.
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. The result was closely followed by motor cars from the highly-anticipated Richard L. Burdick Collection, most notably by the 1929 Duesenberg Model J Sedan with period coachwork by Derham/Bohman & Schwartz, which incited a bidding competition between bidders in the room and on the phone before selling for a final $737,000 to a private onsite bidder. The 1929 Auburn 120 Eight Speedster from the collection also saw significant interest, achieving a final $330,000 against a pre-sale estimate of $150k-$200k. Rounding out the ACD trio offered from the collection, the 1930 Cord L-29 Cabriolet exceeded high estimate at $165,000. Additional cars from the Burdick Collection will be offered at RM Sotheby’s Group events across 2018 and 2019.
“It was a fantastic weekend for enthusiasts of all ages in Auburn, and we were thrilled to build on a tradition that brought tens of thousands to the Classic Car Capital of America,” said Gord Duff, Global Head of Auctions, RM Sotheby’s Group. “The auction arena was packed on numerous occasions throughout the weekend, and we saw an increase in sales with fewer vehicles, and a clear increase in the quality of our consignments over last year. We also received great feedback from both buyers and sellers on the change to single-ring auction style, which proved successful in drawing more bidders to each car offered. Our top five Auburn Fall sales demonstrate the success of numerous categories of collector cars in Auburn, from American Classics through European sports cars and modern performance. We look forward to continuing the tradition next year.”
RM Auctions also saw strong results for additional vehicles offered from private collections at Auburn Fall, including for a 2006 Ford GT displaying only 4.4 miles, which sold for a final $357,500 to cheers from the crowd. The Shrine of the Holy Grille Collection, which featured one of the most comprehensive groups of Edsel motor cars in the world, also drew strong interest on Friday, with record prices for the marque achieved. Meanwhile, the 1976 Ford Escort 1100 GL Sedan formerly owned by Saint Pope John Paul II saw interest from collectors both in the room and on the phone, eventually bringing a final $121,000 with proceeds to benefit the O’Quinn Foundation.
Auburn continues to be a strong venue for not only American collectibles, but also European classics and exotics. Just a few lots after the 1970 Plymouth Superbird achieved an above-estimate $173,250 on Saturday, a 2011 Porsche 911 Speedster brought in $222,750, nearly hitting its high estimate. Earlier in the sale, spirited bidding in the room brought a professionally restored 1965 Jaguar E-Type Series 1 4.2-Litre Roadster to a final price of $148,500.
RM Auctions Auburn Fall Top Five Sales
|1. Lot 3093||1957 Mercedes-Benz 300 SL Roadster||$852,500|
|2. Lot 3161||1929 Duesenburg Model J Sedan||$737,000|
|3. Lot 3130||1971 Ferrari 364 GTB/4 Daytona Spider Conversion||$442,750|
|4. Lot 3079||2006 Ford GT||$357,500|
|5. Lot 3160||1929 Auburn 120 Eight Speedster||$330,000|
The RM Sotheby’s Group continues its calendar this week with the company’s 12th annual London sale, set for 5 September at Battersea Evolution and featuring the 1961 Aston Martin DB4GT driven by legendary actor Peter Sellers in the 1963 film, “The Wrong Arm of the Law”. Looking ahead to fall, all roads lead to Pennsylvania where RM Auctions will return for its annual Hershey sale, 11-12 October, a featured attraction of the AACA Eastern Fall Meet and a proven venue for the sale of important Brass and Classic Era automobiles. Learn more about upcoming events at rmsothebys.com.
Full results from Auburn Fall are also available at rmsothebys.com.
- Results are listed in USD and include buyer’s premium.
- Results include select transactions that occurred immediately following the sale.
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About RM Sotheby’s Group
The RM Sotheby’s Group 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 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. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction. 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 rmsothebys.com.
Source: RM Sotheby’s Group