RM Auctions Sports and Classics of Monterey 2010 – Results
RM Auctions held its 2010 Sports and Classics of Monterey auction on August 12th to 14th at the Portola Hotel and Spa and Monterey Convention Center in Monterey, California, resulting in $67 million in total sales and a 95% sales rate.
Top sale at RM’s 25th annual Monterey auction went to the 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe with coachwork by Figoni et Falaschi, and a 1954 Ferrari 375 MM Berlinetta, the fifth of only seven examples built, each selling for $4,620,000. The headline 1958 Ferrari 250 ‘Pontoon Fender’ Testa Rossa did not sell at the high bid of $10,700,000. All together, RM achieved 16 sales in excess of one million dollars.
“We are thoroughly pleased with the results from the weekend’s sale. They build upon RM’s seven previous successful sales this year, including the record-breaking inaugural Monaco event, and are a reflection of the hard work and dedication of the entire RM team,” says Rob Myers, Founder and Chairman, RM Auctions.
“The high-caliber of consignments combined with accurate estimates provided by our expert team of car specialists led to the very strong 95 percent sell-through and record number of over 1,000 bidder registrations from 29 countries around the world, including Monaco, Brazil, Japan and the United Arab Emirates,” Myers added.
In addition to the major sales, a 2008 Porsche 911 Carrera S Coupe sold for $110,000, with proceeds benefiting the Double H Ranch, a non-profit organization based in New York State that provides specialized programs and year-round support for children and their families dealing with life-threatening illnesses.
RM’s Sports & Classics of Monterey auction results were complemented by success on the show field when the 1933 Delage D8S de Villars Roadster, owned by the Patterson Collection in Louisville, Kentucky, and restored by RM Auto Restoration, was named ‘Best of Show’ at the Pebble Beach Concours d’Elegance 2010. The win represents RM’s fourth at Pebble Beach in the past decade, with top honors previously received in 2001, 2004 and 2006.
Lot 359: 1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe – $4,620,000
Lot 351: 1954 Ferrari 375 MM Berlinetta – $4,620,000
Lot 353: 1949 Delahaye Type 175 S Roadster by Saoutchik – $3,300,000
Lot 360: 1959 Ferrari 250 GT LWB California Spyder – $2,612,500
Lot 347: 1955 Jaguar D-Type – $2,090,000
Lot 365: 2007 Ferrari FXX Evoluzione – $1,925,000
Lot 335: 1959 Ferrari 410 Superamerica Series III Coupe – $1,760,000
Lot 345: 1933 Packard Twelve Coupe – $1,622,500
Lot 346: 1958 Ferrari 250 GT Series I Cabriolet – $1,622,500
Lot 255: 1964 Shelby Cobra USRRC Roadster – $1,595,000
Lot 342: 1954 Ferrari 500 Mondial Berlinetta – $1,567,500
Lot 341: 1933 Duesenberg SJ Riviera Phaeton – $1,430,000
Lot 349: 1966 Ferrari 275 GTB/6C Alloy Berlinetta – $1,155,000
Lot 339: 1966 Ferrari 500 Superfast – $1,127,500
Lot 246: 1948 Tucker 48 Sedan – $1,127,500
Lot 363: 1967 Ferrari 275 GTB/4 Berlinetta – $1,045,000
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. Last year, RM Auctions offered 239 cars for sale, with 206 finding new owners, reflecting an 86% sale rate. The total sales volume was $35,522,600 and the average price per car sold was $172,439.
Please check back for Auction Editor Rick Carey’s full report and analysis from RM’s Monterey 2010 sale.
RM Auctions continues its 2010 auction calendar, October 7 – 8 with its annual Vintage Motor Cars of Hershey event in Hershey, Pennsylvania, closely followed by Automobiles of London, October 27 in London, UK.
1958 Ferrari 250 ‘Pontoon Fender’ Testa Rossa - Did not sell at high bid of $10,700,000 versus unavailable pre-sale estimate. Chassis No. 0738 TR is one of the beautiful Scaglietti-designed ‘Pontoon Fender’ Testa Rossas produced from 1957 to 1958 during which only 21 were constructed. For the past 14 years, it has been extensively campaigned in its yellow and green Brazilian racing colors, recording numerous wins and podium finishes at the world’s most prestigious historic racing events.1949 Delahaye 175 S Roadster - Sold for $3,300,000 versus pre-sale estimate of $4,000,000 - $6,000,000. Featuring one-off coachwork by Saoutchik, this wild Delahaye (chassis 815023) was built for the reemerging concours circuit following the war; shown in Paris, Monte Carlo, San Remo, and more recently, Pebble Beach.1938 Talbot-Lago T150-C Lago Speciale Teardrop Coupe – Sold for $4,620,000 versus pre-sale estimate of $3,500,000 - $5,000,000. With gorgeous Figoni & Falaschi coachwork, this example (chassis 90034) was the 1948 24 Hours of Spa class winner and is the only long wheelbase Lago Speciale Teardrop Coupe in existence. 1913 Rolls-Royce 40/50 HP Silver Ghost 'London to Edinburgh' Torpedo – Did not sell at high bid of $800,000 versus pre-sale estimate of $1,000,000 - $1,500,000. Originally built for the Maharajah of Patiala and fitted with a rare, special touring body by Mulliner, chassis number 2517 is one of the most sought-after of the Rolls-Royce models.1931 Bugatti Type 51 Grand Prix - Did not sell at high bid of $2,750,000 versus unavailable pre-sale estimate. Race-winning factory works Type 51 Grand Prix racing car from new, owned and Grand Prix raced by Jean Pierre Wimille with entries at Vanderbilt Cup (1936) and the ARCA USA Grand Prix (1935 and 1940); only Bugatti Type 51 to race in the U.S. pre-war; chassis No. 51132. 1957 Jaguar D-Type Sports Racer – Sold for $2,090,000 versus pre-sale estimate of $2,000,000 - $2,750,000. Chassis XKD 558 boasts a well-documented and successful racing history and ownership record; headlines a select series of Jaguars from the collection of Kathy and the late Jerry Nell.1938 Jaguar SS100 3.5 Coupe - Sold for $385,000 versus pre-sale estimate of $600,000 - $800,000. Bodied by Graber; chassis number M229E; also from Kathy Nell Collection. 1933 Duesenberg Model SJ Riviera Phaeton - Sold for $1,430,000 versus pre-sale estimate of $1,100,000 - $1,400,000. With coachwork by Brunn, this is a rare original-bodied factory supercharged car, first owned by razor pioneer Lt. Col. Jacob Schick.1939 BMW 328 Roadster - Sold for $539,000 versus pre-sale estimate of $550,000 - $700,000. Formerly part of Simeone Foundation Museum; one of 462 built.1936 Mercedes-Benz 540K Special Cabriolet - Sold for $913,000 versus pre-sale estimate of $1,100,000 - $1,300,000.1933 Packard Twelve Custom Dietrich Coupe – Sold for $1,622,500 versus pre-sale estimate of $1,200,000 - $1,400,000.1954 Ferrari 375MM Pinin Farina Berlinetta - Sold for $4,620,000 versus pre-sale estimate of $5,000,000 - $6,000,000. Serial number 0416AM; a matching numbers car, the fifth of only seven examples built.1954 Ferrari 500 Mondial Berlinetta - Sold for $1,567,500 versus pre-sale estimate of $1,500,000 - $1,800,000. One of only two coupes built, Ferrari Classiche certified; s/n 04252MD.1903 Ford Model A Rear Entry Tonneau - Did not sell at high bid of $325,000 versus pre-sale estimate of $600,000 - $800,000. Oldest surviving car sold by the Ford Motor Company; five owners since 1903.1964 Shelby Cobra USRRC Roadster - Sold for $1,595,000 versus pre-sale estimate of $1,200,000 - $1,500,000. Ex-Shelby team car is one of only six Roadsters built in this USRRC cut-back door specification; fully restored to its Shelby team appearance, CSX 2557 is offered without reserve.1959 Ferrari 250 GT LWB California Spyder - Sold for $2,612,500 versus pre-sale estimate of $2,500,000 - $3,250,000. Matching-numbers, covered-headlight example; s/n 1489 GT.1958 Ferrari 250GT Pinin Farina Series I Cabriolet - Sold for $1,622,500 versus pre-sale estimate of $1,500,000 - $1,800,000. s/n 0979 GT; one of only 36 examples built; Ferrari Classiche certified. 1959 Ferrari 410 Superamerica Series III - Sold for $1,760,000 versus pre-sale estimate of $1,600,000 - $2,200,000. s/n 1323 SA; one of only 12 series III Superamericas built.1979 Ferrari 512 BB/LM Competition Berlinetta - Sold for $880,000 versus pre-sale estimate of $800,000 - $1,000,000. First of 25 'Silhouette' BB/LMs built; entered at the 24 Hours of Daytona and Le Mans in 1979.1971 Lamborghini Miura SV - Sold for $825,000 versus pre-sale estimate of $800,000 - $900,000. Best in Class at the 2009 Quail Motorsports Gathering.
RM Auctions held its 2010 Sports and Classics of Monterey auction on August 12th to 14th at the Portola Hotel and Spa and Monterey Convention Center in Monterey, California, resulting in $67 million in total sales and a 95% sales rate. 
