RM Auctions staged its Concours d’Elegance of America at St. John’s sale on July 26, 2014 in Plymouth, Michigan, resulting in more than $7.4 million in total sales and a 77% sell-through rate. The single-day sale at the Inn at St. John’s lifted the gavel on an eclectic mix of 77 vehicles and one classic boat.
RM Auctions celebrated 20 years of auctions in the Detroit area at its annual Motor City sale in Michigan. A featured attraction of the Concours d’Elegance of America at St. John’s weekend, this year’s auction saw bidders representing 10 countries, including Germany, Australia, and the emerging markets of Russia and the UAE. Within the U.S., bidders came from 31 states, with strong interest demonstrated by collectors from America’s Midwest.
“With its rich automotive history and culture, the Motor City again provided a fantastic backdrop for our annual Michigan sale,” says Mike Fairbairn, Specialist, RM Auctions. “In addition to featuring many vehicles that were built and conceived in Detroit, we were pleased to expand the scope of the sale this year to include more European classics, which found ready buyers. We were also proud to return as the longest running sponsor of the Concours d’Elegance of America at St. John’s. All in all, it was a great weekend and a wonderful illustration of the passion that drives our hobby.”
Top sales honors went to the 1911 Mercedes 38/70HP Seven-Passenger Touring with coachwork in the style of Vanvooren, which achieved a final price of $495,000. Also attracting strong interest, the 1930 Gar Wood 28’ Triple Cockpit Runabout, originally built for Logan T. Wood and delivered new to Detroit, which realized $275,000. Other notable sales included the 1925 Duesenberg Model A Touring, the original road-going Duesenberg, and a 1925 Renault Model 45 Tourer, formerly owned by the Nethercutt Collection, both of which exceeded high estimates at $264,000 each.
RM Auctions Motor City 2014 – Top Ten Auction Results
1. 1911 Mercedes 38/70HP Seven-Passenger Touring – $495,000
2. 1953 Rolls-Royce Silver Dawn Drophead Coupe – $352,000
3. 1906 Studebaker Model G Touring – $275,000
3. 1930 Gar Wood 28’ Triple Cockpit Runabout “Katie’s Choice” – $275,000
5. 1925 Duesenberg Model A Touring – $264,000
5. 1925 Renault Model 45 Tourer – $264,000
7. 1940 Packard Custom Super Eight One Eighty Convertible Sedan – $236,500
8. 1924 Duesenberg Model A Speedster – $225,500
8. 1927 Rolls-Royce Phantom I Brougham de Ville – $225,500
10. 1931 Cadillac V-12 Convertible Coupe – $220,000
RM continues its 2014 calendar with its flagship Monterey sale, August 15-16 at the Portola Hotel and Spa and Monterey Conference Center, held during the Pebble Beach Classic Car Week. This year’s sale will lift the gavel on a roster of more than 125 collector cars. For more information, visit rmauctions.com.