1911 American Eagle Touring sells for triple its pre-sale estimate
As might be expected, American classics dominated the results of RM Auctions’s 12th annual collector car sale staged during the annual AACA Eastern Division Fall Meet in Hershey, Pennsylvania.
The auction posted $10,999,096 in sales with a 94 percent sell-through rate.
“Hershey remains one of our favorite venues to return to, year after year,” Gord Duff, global head of auctions for the RM Sotheby’s Group, was quoted in the post-sale news release.
“Following days spent with collectors exhibiting true interest and passion for the hobby, we saw solid total results and an exceptional sell-through rate.
“On both Thursday and Friday, numerous individual lots of various categories achieved final prices well above their high estimate, demonstrating the very real interest in truly rare or exceptionally historic American motor cars.”
The top sale was $495,000 for a 1930 Cadillac V16 Fleetwood roadster, though there were higher bids placed on cars that didn’t meet the consignors’ reserve prices.
RM reported bidders from 19 countries and 45 states took part in the Hershey sale.
Of all the vehicles on the docket, RM reported that perhaps the longest bidding battle of the sale was fought for a one-off 1911 American Eagle Touring, with several bidders competing in the room and on the telephone for such an early piece of Detroit automotive history. The car eventually sold for $242,000, three times more than its high pre-sale estimated value.
Top 10 sales, RM Auctions Hershey 2018
- 1930 Cadillac V16 roadster, $495,000
- 1941 Packard Custom Super Eight One Eighty convertible Victoria, $357,500
- 1934 Lincoln Model KB convertible sedan, $286,000
- 1936 Packard Twelve coupe roadster, $269,500
- 1936 Packard Twelve convertible Victoria, $247,500
- 1911 American Eagle Touring, $242,000
- 1932 Marmon Sixteen close-coupled sedan, $225,000
- 1913 Pierce-Arrow Model 48-B-2 7-passenger touring, $220,000
- 1960 Plymouth Fury convertible, $209,000
- 1935 Cadillac V12 2-passenger coupe, $203,500
(Prices include buyer’s fee.)
The next collector car auction for the RM Sotheby’s Group is scheduled for October 27 at the Porsche Experience Center in Atlanta, where 64 Porsches will cross the block.