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Twelve million at Amelia - Review: RM, March 15

  • 1930 Duesenberg Model J Murphy Convertible - 0
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RM bags a cool $ 12.5m in its Amelia Island sale...

Vintage car collectors from around the globe descended on Florida for Saturday's RM Auctions Automobiles of Amelia Island event which achieved over $ 12.5m in sales with a sell through rate of 83%. The single-day auction, which presented 107 significant motor cars and a selection of vintage memorabilia, launched an exciting motoring weekend in Northern Florida, which is capped off by today’s world famous Amelia Island Concours d’Elegance. Illustrating the continuing enthusiasm and interest in the collector car hobby, the overflowing auction room was standing room only for the duration of the event. In addition to onsite bidders, the event also attracted a large volume of Internet and telephone bids. 'The Amelia Island vintage car weekend is a permanent and popular fixture on the automotive calendar, and enjoyed national and international attendance,' said Ian Kelleher, President and Chief Operating Officer of RM Auctions. 'Today’s results indicate the market remains stable for quality collector cars with continued passion for the hobby from around the world,' he added.

Headlining the sale was a historic 1930 Duesenberg Model J Murphy Convertible Coupe (pictured) achieving an impressive $ 1,072,500, and a multiple award-winning 1935 Auburn 851SC Boattail Speedster selling for $ 566,500. A series of nine classic Fords from the private collection of Mr. Grant Oakes changed hands for a total of $ 700,000. Highlighting the collection, an award-winning 1932 Ford Model 18 Deluxe Three-Window Coupe doubled its original estimate selling for a record price of $ 165,000.

In the aftermath of the sale, RM continued to receive interest in the auction cars meaning that total sales increased from $ 10m to $ 12.5m with a sale rate of 83%. The 1954 Packard Panther-Daytona Roadster Concept Car, was a significant after sale, selling for $ 700,000.  'RM continues to be a trusted custodian of private collections and we are excited to have been selected to represent yet another exceptional single owner collection in the fall of 2009,' added Kelleher

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