RM Auctions will hold its 2011 Sports and Classics of Monterey auction on August 19th and 20th at the Portola Hotel and Spa and Monterey Convention Center in Monterey, California.
The 26th annual RM Monterey auction will feature approximately 150 cars, with a multitude estimated to garner over $1 million. Headlining the 2011 Monterey sale is the 1952 Ferrari 340 Mexico Berlinetta; 1937 Mercedes-Benz 540 K Spezial Roadster; 1936 Mercedes-Benz 540 K Sport Cabriolet A; 1970 Porsche 911S Steve McQueen Le Mans movie car; 1952 Chrysler D’Elegance and 1935 Bugatti Type 57 Grand Raid Roadster.
In addition to the headline Ferrari 340 Mexico, RM Auctions will offer 18 Ferraris at the 2011 Monterey auction, including a 1960 Ferrari 250 GT SWB Berlinetta Competizione; 1955 Ferrari 750 Monza Spyder; 1953 Ferrari 375 America Coupe; 1962 Ferrari 400 Superamerica Coupe and 1973 Ferrari 365 GTB/4 Daytona Spyder.
In 2010, RM Auctions offered 221 automobiles for sale, with 209 finding a new owner, reflecting a 95% sales rate. Total sales volume was $67,004,800, inclusive of buyer’s premiums. The average price per car sold was $329,597. Top sale went to the 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe and 1954 Ferrari 375 MM Berlinetta, both at $4,620,000, followed by the 1949 Delahaye Type 175 S Roadster by Saoutchik that sold for $3,300,000. (See 2010 RM Auctions Monterey – Sale Report).
RM Auctions Monterey 2011, Auction Details – The RM Auctions Sports and Classics of Monterey event returns to the Portola Hotel and Monterey Convention Center, August 19-20, 2011. The auction preview will be held August 17th through 20th, with the auction taking place the evening of Friday, August 19th and Saturday, August 20th. General admission is available for $40 per person for an event pass, which grants one person access to the preview days. An official auction catalog is available for an additional $120 US although it does not constitute admission to the auctions. Bidder registration is $200 and includes an official auction catalog and admission for two to the preview, reception and auction.