The RM Auctions Arizona 2015 sale was staged January 15-16 at the Arizona Biltmore Resort in Phoenix, resulting in $63,700,375 in total sales and a 90 percent sell-through rate. The sale represented RM’s best Arizona Auction Week performance to date and a nearly 40 percent increase over its 2014 total.
“We’re thrilled with the results from our Arizona sale. Carefully curated by our specialists, our offering was defined by its quality and uniqueness, with fantastic prices recorded across the board,” says Ian Kelleher, Managing Director, RM Auctions’ West Coast Division.“The results not only prove that quality sells, but reflect our commitment as a company to deliver the best of the very best. Arizona provided a terrific start to our new collector car auction calendar and we look forward to continuing to raise the bar throughout the 2015 season.”
RM’s 16th annual Arizona auction saw a total of 17 cars achieve million-dollar-plus results, headlined by the Classiche-certified 1964 Ferrari 250 LM, chassis 5899 GT, that sold for $9,625,000, making it the most valuable automobile sold in Arizona auction history.
Ferraris reigned supreme at RM’s two-day Arizona 2015 sale, representing eight of the event’s overall top 10 sales. Among other highlights, a freshly restored 1966 Ferrari 275 GTS and a low-mileage 1984 288 GTO, each established new auction records for their models, selling for $2,365,000 and $2,750,000, respectively. Prices for Ferraris of all eras were strong, as demonstrated by a 1974 Ferrari 365 GT4 BB that sold for a record $511,500, and a 2005 Ferrari 575 Superamerica, which soared past high estimate, realizing $517,000.
Additional lots exceeding expectations at the RM Auctions Arizona 2015 sale included:
- 1971 Mercedes-Benz 280 SE 3.5 Cabriolet sold for $473,000, a new record for the model at auction;
- 1969 Porsche 911 S ‘Soft Window’ Targa realized $286,000 against a pre-sale estimate of $175,000 – $225,000;
- 1984 Audi Sport Quattro garnered $401,500;
- 1956 Continental Mark II well surpassed its pre-sale estimate at $247,500;
- 1975 Lamborghini Urraco P111 established a new auction record at $126,500; and,
- 1930 Rolls-Royce Phantom II Shooting Brake more than doubled its pre-sale estimate at $181,500.
RM Auctions offered 123 automobiles for sale, with 110 finding a new owner, reflecting an 89% sales rate. Total sales volume was $63,605,500, inclusive of buyer’s premiums. The average price per car sold was $578,231. In 2014, RM Auctions offered 126 automobiles for sale, with 108 finding a new owner, reflecting an 85% sales rate. Total sales volume was $45,563,450, inclusive of buyer’s premiums. The average price per car sold was $421,883.
RM Auctions Arizona 2015 – Top Ten Auction Results
1. 1964 Ferrari 250 LM (Chassis 5899 GT) – $9,625,000
2. 1967 Ferrari 275 GTB/4 (Chassis 10451) – $3,657,500
3. 1973 Ferrari 365 GTB/4 Daytona Spider (Chassis 16793) – $3,300,000
4. 1966 Ferrari 275 GTB (Chassis 08603) – $2,750,000
5. 1984 Ferrari 288 GTO (Chassis ZFFPA16B000055237) – $2,750,000
6. 1966 Ferrari 275 GTS (Chassis 08313) – $2,365,000
7. 1971 Lamborghini Miura SVJ (Chassis 4892) – $1,897,500
8. 1962 Ferrari 250 GT Cabriolet Series II (Chassis 3633 GT) – $1,705,000
9. 1965 Porsche 904 Carrera GTS (Chassis 904-107) – $1,650,000
10. 2005 Ferrari FXX Evoluzione (Chassis ZFFHX62X000145369) – $1,622,500
For complete results, visit rmauctions.com/results.
RM Auctions continues its 2015 calendar on February 4th with its return to Paris during the Salon Retromobile week. The company then returns to Amelia Island, Florida, March 14 for its sale during the Amelia Island Concours d’Elegance. For more information, visit rmauctions.com.
[Source: RM Auctions]
The Quattro’s estimate was $350-475,000. It made £365,000 on the hammer – $401,500 with auction house commission added – so it didn’t really exceed expectations.
Statistically speaking, I disagree.
The low estimate is typically above, even if only slightly, the expectation/reserve so $365K hammer does, strictly speaking, exceed expectations.
All things considered, the price of the Quattro is a milestone, even if its characterization in RM’s press release is a bit exuberant.
I take that on board. We have our eye on a similar car over here in the UK that has been sale for the last few months priced at £495,000.
Whew! £495,000? That’s $743,589 at the dollar’s current (interbank) exchange rate.
Maybe you can enlighten me why these cars are worth Dino money in the US, much less Daytona money in the UK? I am at a loss to appreciate this kind of value.
Three quarters of a million dollars will buy a lot of car (even a whole barn full of desirable cars.)
These are absolutely iconic cars over here in Europe – piloted by some of the superstars of rallying – and had a very limited run. A friend of mine’s dad had one and as teenagers we were far more impressed by his S1 Quattro than a Ferrari (although that might be because the Lombard RAC rally used to go right past my house!). I can’t say I’d part with the money myself in lieu of a Ferrari, but I can understand why someone with the where-withall might. I guess that’s what it’s all about!
The RM preview at the Biltmore was truly a class act–and it was free. We enjoyed this more that any of the other auction week events.