Media Release


MOST VALUABLE BRITISH CAR EVER SOLD AT AUCTION LEADS RM SOTHEBY’S $133 MILLION MONTEREY SALE

Monterey

  • RM Sotheby’s achieves one of most successful Monterey events to date with $133 million total sales and 88 percent sell-through
  • Two-day auction sees numerous records tumble, led by $22.55 million 1956 Aston Martin DBR1/1, now the most valuable British car sold at auction
  • Additional top sales led by most desirable Ferrari racing and GT cars
  • RM Auto Restoration takes home seven awards at Sunday’s Pebble Beach Concours d’Elegance
  • RM Sotheby’s continues calendar with London sale, 6 September, and single-marque sale at Ferrari Factory, 9 September
  • Complete results available online at www.rmsothebys.com

 

MONTEREY, CALIFORNIA (21 AUGUST, 2017) – RM Sotheby’s celebrated one of its most successful results to date this past weekend at its flagship Monterey sale (18-19 August), generating nearly $133 million ($132,993,810) with an impressive 88 percent of all lots sold across the two-evening auction. The total was led by 32 individual million-dollar-plus results, numerous record-breaking prices, and represents a 12 percent increase over the same sale in 2016.

 

The event was highlighted by the top sale on the Monterey Peninsula this year. The legendary 1956 Aston Martin DBR1, chassis no. 1 (DBR1/1) achieved $22,550,000 on Friday evening (est. in excess of $20,000,000) following a competition between two bidders on the phone, setting a world record not only for an Aston Martin, but for any British automobile at auction. The most correct example of what is arguably the most important Aston Martin ever produced, DBR1/1 carries a racing history that includes overall victory at the 1959 Nürburgring 1000 KM as well as the greatest names in motorsport, from Carroll Shelby to Jack Brabham, Roy Salvadori, and Sir Stirling Moss.

 

The DBR1 was part of the most significant group of Aston Martin competition cars to appear at auction. Other highlights included the 1959 Aston Martin DB4GT Prototype which fetched $6,765,000 to set a new record for a non-Zagato bodied example after a contest between three bidders (est. $6,000,000/$8,000,000), as well as the highly competitive 2006 Aston Martin DBR9, which soared past estimate ($275,000 - $325,000) to achieve a final $616,000, also a new record for the model at auction.

 

"Our 2017 Monterey auction represented an outstanding success on many levels and spoke to the overall confidence of the market,” said Gord Duff, Global Head of Auctions for RM Sotheby’s following the sale. We saw strong prices on rare historic cars of exceptional quality, while certain areas of the modern performance market continued to trend upwards. The sustained focus and interest in late model, low-mileage supercars and hypercars from our clients made for exciting competition at the auction, while the offering of fresh-to-market blue chip classics and post-war sports and racing cars clearly underpin the resilience of the hobby as a whole.” 

 

The second evening of RM Sotheby’s flagship auction saw nearly all lots sold, with several exceeding pre-sale expectations. The night was led by all things Ferrari, including the Ferrari Performance Collection, a single-owner group of 13 beautifully maintained iconic road-going examples offered entirely without reserve, which brought a total of more than $16.5 million. Spanning over 50 years of the marque’s rich heritage, the collection and the night was led by a Classiche-certified and Platinum Award-winning 1961 Ferrari 250 GT SWB Berlinetta which sold for a final $8,305,000 after an extended bidding contest. Further highlights from the collection included a 1967 275 GTB/4, which sold for $3,025,000, while a 1991 F40 exceeded the estimate of $1.3/1.5 m to fetch $1,540,000.

 

Beyond the collection, Ferraris achieved strong prices throughout the sale with a 1965 275 GTB/6C Alloy comfortably exceeding the $2.9 – 3.4 m estimate to sell for $3,575,000 and a 1972 365 GTB/4 Daytona Spider, that had been previously unseen for 20 years, realizing $2,172,500 (est. $1.6 – 2 m).

 

In addition to icons of the 1960s and 70s, there was strong demand for supercars at RM Monterey: a 2015 Ferrari LaFerrari sold for $3,410,000 (est. $3 – 3.8 m), a Porsche 918 Spyder from 2015 beat expectations when it sold for a record-breaking $1,842,500 (est. $1.2 – 1.6 m), and a 2014 Pagani Huayra Tempesta with only 640 miles from new realized $2,420,000, also achieving a new benchmark for the model at auction (est. $2.2 – 2.8 m). 

 

Duff adds, “Saturday’s near 100 percent sell through capped off a record-breaking Friday evening, it was standing-room-only from start to finish, and from watches to jewelry to cars, RM Sotheby’s Monterey auction was a resounding confirmation of the classic car market being alive, well and as evidenced by the crowds, very, very popular. We look forward to returning to the Portola Hotel & Spa and Monterey Conference Center in 2018, where we’re sure to best our incredible presentation in the newly renovated venue.”

 

A list of all million-dollar-plus sales and records achieved will be available on the RM Sotheby’s Media Center.

 

RM Sotheby’s Monterey 2017 – Top 11 Sales

 

 

1.      Lot 148

1956 Aston Martin DBR1 (CHASSIS NO. DBR1/1)

$22,550,000

2.      Lot 220

1961 Ferrari 250 GT SWB Berlinetta (CHASSIS NO. 2985)

$8,305,000

3.      Lot 147

1959 Aston Martin DB4GT Prototype (CHASSIS NO. DP199/1)

$6,765,000

4.      Lot 140

1955 Ferrari 121 LM Spider (CHASSIS NO. 0546 LM)

$5,720,000

5.      Lot 249

1959 Ferrari 410 Superamerica Series III Coupe (CHASSIS NO. 1305 SA)

$5,335,000

6.      Lot 152

1950 Ferrari 166 MM/212 Export "Uovo" (CHASSIS NO. 024 MB)

$4,510,000

7.      Lot 252

1954 Ferrari 500/735 Mondial Spider (CHASSIS NO. 0448 MD)

$3,850,000

8.      Lot 241

1965 Ferrari 275 GTB/6C Alloy (CHASSIS NO. 07933)

$3,575,000

9.      Lot 256

1970 Porsche 908/03 (CHASSIS NO. 908/03-003)

$3,575,000

10.    Lot 133

1930 Bentley 6½-Litre Speed Six Sportsman’s Saloon (CHASSIS NO. HM2861)

$3,410,000

11.    Lot 227

2015 Ferrari LaFerrari (CHASSIS NO. ZFF76ZFA9F0211998)

$3,410,000

 

On Sunday’s show field, RM Auto Restoration also found reason to celebrate, once again bringing home awards for each of the cars the team presented at the Pebble Beach Concours d’Elegance (20 August). The 1939 Bugatti Type 57C Roadster by Voll & Ruhrbeck from the Patterson Collection, the 1927 Isotta Fraschini Fleetwood Roadster “Rudi’s Ride” owned by Judge Joseph and Margie Cassini, and the 1932 Packard Twin Six Custom Dietrich Victoria owned by Chip Connor each won Best in Class, with the latter also winning the Most Elegant Convertible trophy and named runner up for Best of Show. The 1939 Packard Super Eight Darrin Victoria owned by Leon Flagg as well as the 1931 Stearns-Knight Convertible Coupe owned by Brent Merrill also achieved Third in Class awards.

 

RM Sotheby’s continues its busy fall calendar with the company’s 11th annual London sale, set for 6 September at Battersea Evolution. The official auction of the Concours of Elegance, the London event is led by an incredible lineup of Porsche’s finest 911 models. View all cars on offer in the complete digital catalogue, now available at www.rmsothebys.com. The London auction is closely by Ferrari – Leggenda e Passione, RM Sotheby’s momentous single-marque sale held in partnership with Ferrari on 9 September. Held at the Ferrari Factory in Maranello during the legendary brand’s 70th anniversary celebrations, the sale will feature 40 the greatest sports, GT and racing Ferraris ever built. Stay tuned for the digital catalogue, available on our website later this week.

 

Full results from RM Sotheby’s Monterey sale are also available at www.rmsothebys.com.

 

EDITOR’S NOTES

1. Results are listed in USD and include 10 percent buyer’s premium for cars and 15 percent for memorabilia. Sotheby’s watches and jewelry as well as If Only experience lots carry a 25 percent buyer’s premium.

2. Results include select transactions that occurred immediately following the sale.

3.The previous auction record for a British automobile at auction was $21.78 million for the 1955 Jaguar D-Type sold at RM Sotheby’s 2016 Monterey sale.

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more