Report and photos (unless noted) by Rick Carey, Auction Editor
RM Auctions completed its thirteenth year at the Amelia Island Concours d’Elegance on March 12, 2011, bringing 103 cars and selling 99 of them for a total of $24,303,850.
It was RM’s best year ever at Amelia: the highest sale total, eclipsing the 2006 sale by $2.5 million, the second best sell-through at 96.1% just one point behind 2006, and a stellar performance against pre-sale estimates with just 34% of the sales hammered sold under the low estimate and 16.2% exceeding the high.
As the numbers suggest, the caliber of the cars was uniformly high, led by the Ferrari 340 Mexico (s/n 0224 AT) which hammered sold at an estimate-busting $3.9 million, $4,290,000 with commission. It was the only million-dollar sale, while four lots brought over $800,000 and nine were over $500,000 hammer.
Several transactions were startling. On the breathtaking money side easily the headliner was the beautifully restored 2.0 litre Porsche 911 which enticed bidders to a final bid of $205,000, $225,500 with commission. At the other end of the scale was the auction-veteran Alfa Romeo 6C 1750 GS Spider which brought $900,000 hammer, $990,000 with commission (€714,100), after selling for $1,265,000 (€851,500) at Gooding’s Pebble Beach auction in 2008 and $1,169,522 (€879,200) at RM’s Monaco sale last year.
And the weather was beautiful, and Sunday’s Amelia Island Concours d’Elegance was better than ever.
Lucky 13 indeed.
[Jonathan Sierakowski contributed more than half the observations in this report, and at least that many photos.]