RM Sotheby’s adds $38.8 million to Amelia Island auction total

RM Sotheby’s adds $38.8 million to Amelia Island auction total

Saturday it was RM Sotheby’s turn in the Amelia Island auction spotlight and the company posted $38.8 million in sales at an 88 percent sell-through rate.

1932 Packard Twin-Six sells for $1.21 million at RM Sotheby's | Andy Reid photos

1932 Packard Twin-Six sells for $1.21 million at RM Sotheby’s | Andy Reid photos

Saturday it was RM Sotheby’s turn in the Amelia Island auction spotlight and the company posted $38.8 million in sales at an 88 percent sell-through rate, according to observation by Hagerty, the classic car insurance and value-tracking company that monitors auctions at major American venues.

However, only one of RM Sotheby’s offerings — a 1962 Ferrari 400 Superamerica LWB Aerodinamico coupe — was able to crack the overall top 10 Amelia Island sales list, which was dominated this weekend by Bonhams and by Gooding & Company.

“Some of the other headline cars (at RM Sotheby’s) didn’t fare as well, however,” Hagerty noted, “with the 1957 Ferrari 250 GT TdF and 1939 Mercedes-Benz 540K Spezial Cabriolet A falling short with bids in excess of $2 million.

On the other hand, “Bucking trends seen elsewhere this week, RM Sotheby’s earned aggressive prices for American pre-war cars. Several sold for well above their high estimates, with a 1932 Packard Twin-Six Series 905 Coupe Roadster selling for $1.21M and a 1931 Stutz DV-32 Convertible Victoria selling for $1.1M.”

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1960 Chevrolet convertible on the block at RM Sotheby’s

Hagerty also noted that post-sales action was busy at the Hollywood Wheels and Motostalgia venues and that Gooding did a couple after-the-hammer sales, “most notable of which was a 1988 Porsche 959 Komfort that sold for $1.12 million.”

Hagerty’s reports are based on what is observed in the auction room and include buyer’s premiums.

Overall, Hagerty reports that 2016 sales observed on the island totaled $134 million, some $18.1 million more than at the same sales a year ago. The average sales price this year was $437,834, a more than $100,000 increase over the 2015 figure.

Amelia Island collector car auctions 2016

Overall from all auction companies
Cumulative total: $134.0 million
306/468 lots sold: 65 percent sell-through rate
Average sale price: $437,834

2015 Overall Cumulative results
Cumulative total: $114.9 million
354/407 lots sold: 87 percent sell-through rate
Average sale price: $324,466

Overall Top 10 Sales from all auctions

1. 1961 Ferrari 250 GT California SWB Spider (closed headlight), $17,160,000 (Gooding & Company)
2. 1937 Bugatti Type 57 SC Sports Tourer, $9,735,000 (Bonhams)
3. 1955 Porsche 550 Spyder, $5,335,000 (Gooding & Company)
4. 1962 Ferrari 400 Superamerica Coupe, $4,400,000 (RM Sotheby’s)
5. 1966 Ford GT40 Mk I Coupe, $3,300,000 (Gooding & Company)
6. 1973 Porsche 917/30 Can-Am Spyder, $3,000,000 (Gooding & Company)
7. 1937 Mercedes-Benz 540K Cabriolet A, $2,970,000 (Bonhams)
8. 1959 Porsche 718 RSK Roadster, $2,860,000 (Gooding & Company)
9. 1967 Ferrari 275 GTB/4 Coupe, $2,750,000 (Bonhams)
10. 1931 Duesenberg Model J Murphy Convertible Coupe, $2,640,000 (Gooding & Company)

Results by auction company

RM Sotheby’s

Overall total: $38.8 million
82/93 lots sold: 88 percent sell-through rate
Average sale price: $473,201

Overall Top 10 Sales:
1. 1962 Ferrari 400 Superamerica Coupe, $4,400,000
2. 1984 Ferrari 288 GTO Coupe, $2,585,000
3. 1968 Ferrari 330 GTS Spider, $2,200,000
4. 2014 Pagani Huayra Coupe, $2,035,000
5. 1954 Bentley R-Type Continental 4.9L Fastback Sports Saloon, $1,815,000
6. 1955 Mercedes-Benz 300SL Gullwing Coupe, $1,265,000
7. 1932 Packard Twin Six-Series 905 Coupe Roadster, $1,210,000
8. 1963 Shelby Cobra 289 R&P Roadster, $1,155,000
9. 1931 Stutz DV-32 Convertible Victoria, $1,100,000
10. 1968 Chevrolet Camaro Sunoco Trans Am Sport Coupe, $990,000

2015 overall results
Total: $60.1 million
99/101 lots sold: 98 percent sell-through rate
Average sale price: $607,293

Motostalgia

Overall total: $2.9 million
40/73 lots sold: 55 percent sell through rate
Average sale price: $72,676

Overall Top 10 Sales:
1. 2006 Mercedes-Benz SLR McLaren Coupe, $313,500
2. 1989 Porsche 911 Carrera Speedster, $203,500
3. 2005 Ferrari 575M Maranello Coupe, $165,000
4. 1996 Porsche 911 Turbo Coupe, $151,250
5. 1976 Porsche 911 Carrera Turbo Coupe, $137,500
6. 1987 Ferrari Testarossa Coupe,$129,250
7. 1988 Ferrari 328 GTS Spider, $108,900
8. 1933 Auburn 8-98 Standard Phaeton, $99,000
9. 2015 Land Rover Defender HUE-166 Utility Vehicle 4×4, $99,000
10. 1931 Auburn 8-98 Standard Speedster, $93,500

Hollywood Wheels

Cumulative total through Saturday: $4.4 milion
49/126 lots sold: 39 percent sell through rate
Average sale price: $90,582

Overall Top 10 Sales:
1. 1983 Ferrari 512 BBi Coupe, $334,800
2. 1976 Porsche 935 Custom Coupe, $297,000
3. 2003 BMW Z8 Alpina Roadster, $243,000
4. 1989 Porsche 911 Carrera Speedster, $205,200
5. 1977 Porsche 911 Carrera Turbo Coupe, $189,000
6. 1988 Ferrari Testarossa Coupe, $178,200
7. 1967 Porsche 911 S Coupe, $170,100
8. 1961 Chrysler 300G Convertible, $156,600
9. 1989 Ferrari Testarossa Coupe, $151,200
10. 1989 Porsche 911 Turbo 930 Coupe, $143,100

Saturday total: $2.6 million
31/83 lots sold: 37 percent sell through rate
Average sale price: $84,719

Saturday Top 10 Sales:
1. 1983 Ferrari 512 BBi Coupe, $334,800
2. 2003 BMW Z8 Alpina Roadster, $243,000
3. 1988 Ferrari Testarossa Coupe, $178,200
4. 1961 Chrysler 300G Convertible, $156,600
5. 1989 Ferrari Testarossa Coupe, $151,200
6. 1939 Cadillac Series 75 Fleetwood Convertible Coupe, $141,480
7. 1983 Ferrari 308 GTS Quattrovalvole Spider, $91,800
8. 2006 Ferrari 612 Scaglietti Coupe, $90,720
9. 1961 Chevrolet Corvette Convertible, $88,560
10. 1941 Chrysler Highlander Convertible Coupe, $86,400

2015 overall results
Total: $14.0 million
114/138 lots sold: 83 percent
Average sale price: $123,630

Gooding & Company

Overall Total: $60.2 million
69/79 lots sold: 87 percent
Average sale price: $871,915

Overall Top 10 Sales:
1. 1961 Ferrari 250 GT California SWB Spider (closed headlight), $17,160,000
2. 1955 Porsche 550 Spyder, $5,335,000
3. 1966 Ford GT40 Mk I Road Coupe, $3,300,000
4. 1973 Porsche 917/30 Can-Am Spyder, $3,000,000
5. 1959 Porsche 718 RSK Roadster, $2,860,000
6. 1931 Duesenberg Model J Murphy Convertible Coupe, $2,640,000
7. 1974 Porsche 911 Carrera 3.0 IROC RSR Coupe, $2,310,000
8. 1995 Ferrari F50 Coupe, $2,310,000
9. 1963 Ferrari 250 GT Lusso Coupe, $1,875,000
10. 1990 Porsche 962C Coupe, $1,650,000

2015 overall results
Total: $27.0 million
76/85 lots sold: 89 percent
Average sale price: $354,830

Bonhams

Overall total: $27.7 million
66/97 lots sold: 68 percent sell-through rate
Average sale price: $419,014

Overall Top 10 Sales:
1. 1937 Bugatti Type 57SC Sports Tourer, $9,735,000
2. 1937 Mercedes-Benz 540K Cabriolet A, $2,970,000
3. 1967 Ferrari 275 GTB/4 Coupe, $2,750,000
4. 1933 Maserati 8C 3000 Roadster, $1,001,000
5. 1955 Mercedes-Benz 300SL Gullwing Coupe, $902,000
6. 1960 Maserati 3500GT Vignale Spider, $880,000
6. 1935 Riley MPH Roadster, $880,000
8. 1910 Thomas Flyer Model K 6-70 Phaeton, $825,000
9. 1896 Armstrong Phaeton Gas-Electric Runabout, $462,000
10. 1939 Lagonda V12 Drop Head Coupe, $458,700

Overall 2015 results
Total: $13.8 million
65/83 lots sold: 78 percent sell-through rate
Average sale price: $212,334

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