RM Sotheby’s, a leader in the co👍llector car auction industry, concluded its with a resounding achievement, totaling an impressive $164 million in sales. W🅰ith an exceptional 86 percent sell-through rate, this three-day event marked the third-most successful Monterey auction in the company’s history.
At $13.2 million, a took the auction’s top spot, followed by a stunning parade of Ferraris and Bugattis, includ🙈ing multiple 275s selling about $3 million. A and from the 1930s rounded out the week’s top♊ ten.
The auction demonstrated a heightened interest in cars from the late eighties, nineties and beyond. Porsche, saw fervent demand, especially for a commanding an impressive $1.5 million and a fetching $1.4 millions. Notably, the achieved an astonishing $1.7 mill🥂ion, exceeding its high estimate by more than half a millionꦡ dollars. A striking white shattered records when it sold for $1.1 million, while a fetched $1 million and a was acquired for $978,000, both exceeding their high estimates.
Undoubtedly, one of the weekend’s highlights was the unveiling of the Lost & Found Collection, a collection of three mid-century Ferraris that collectively achieved $7.99 million. A battle-scarred by Pinin Farina achieved an astonishing $🦩1.9 million – despite the fact that the storied race car lives on today as a burnt-out body. Some experts speculate it could take another $2 million for its new owner to .
Speaking of restorations, RM Auto Restoration, a division of RM Sotheby’s, secured its second consecutive Best o🍃f Show win at the prestigious Pebble Beach Concours d’Elegance. The awe-inspiring 1937 Mercedes-Benz 540 K Special Roadster, meticulously restored by RM Auto Restoration, caught the attention of enthusiasts and judges alike, underscoring the exceptional craftsmanship and attention to detail the company is known for.
RM Sotheby’s Monterey auctions drew bidders from over 40 countries, including a notable 20 percent of first-time registrants. This is a strong indicator of the growing interest and continued🐠 expansion of the collector car marketplace. The significant sales result solidifies RM Sotheby’s position as a fo𝔉rce to be reckoned with in the collector car auction arena.
Gord Duff, Global Head of Auctions, expressed satisfaction with the weekend’s outcome, emphasizing the team’s prowess in curating a diverse range of cars that appealed to enthusiasts a♓cross eras. “Following last year’s incredible success in Monterey, we are quite pleased with our team’s ability to source an incredible group of cars, ranging from pre-war classics through to modern day hypercars,” he said in a statement. “The results speak for themselves, with final sales totals ranking this year’s auction as the third most successful in our💙 company’s history.”
With Duff’s optimism for the future of car collecting, it’s clear that RM Sot🔥heby’s is not just shaping t🐓he future of the industry, but also reveling in the joy of doing so.