The RM Sotheby’s Amelia Island 2015 auction was held Saturday, March 14th on the grounds of the Ritz-Carlton Hotel in Amelia Island, Florida, resulting in $60,360,050 in total sales and an updated (see below) 100 percent sell-through rate. This result represents not only the highest total ever for a sale held during the Amelia Island week, but also exceeds the combined total of all other auctions this week.
The top result of the day and of the 2015 Amelia Island Concours d’Elegance week was the 1960 Ferrari 400 Superamerica SWB Cabriolet, chassis no. 1945 SA, that achieved $6,380,000 to set a new record for the model at auction. Proceeds from car’s sale will benefit the consignor’s charity for the education of children.
The 2015 Amelia Island Concours sale was the first RM Sotheby’s event since RM Auctions and Sotheby’s formed a strategic partnership in February. RM’s 17th annual Amelia Island sale included 13 results that exceeded $1,000,000.
“We were thrilled to present as significant a car as the 400 Superamerica here at Amelia Island”, said Gord Duff, Car Specialist, RM Sotheby’s. “Both the importance of the car and the success of RM Sotheby’s international team in uniting collectors with the world’s finest automobiles is reflected in its result. The outstanding sale total is a sign of the ever-expanding market for blue-chip collector cars, with bidders hailing from no fewer than 22 countries, of which 22 percent were new to RM Sotheby’s.”
Additional lots garnering strong prices included the 1972 Ferrari 365 GTB/4 Daytona Spider, realizing $3,300,000; a 1972 Ferrari 365 GTC/4, bringing a record $495,000, and the “Condo Find” 1971 Ferrari 365 GTB/4 Daytona Berlinetta, achieving $770,000.
Notable highlights also included the rare, six-speed manual 2007 Ferrari 599 GTB, which nearly tripled its pre-sale estimate at $682,000, a record for the model. A pair of Ferrari 512 models also exceeded expectations, with the 1995 F512 M selling for $462,000 and the 1980 512 BB garnering $418,000.
Ferrari wasn’t the only high performing marque of the sale, with prices for Porsche 911s continuing to rise. Amongst numerous examples, a 1973 911 Carrera RS 2.7 Touring sold for $891,000, a 1988 911 Turbo ‘Slant Nose’ Cabriolet for $363,000, and a 1979 911 Turbo brought $253,000. Japanese collectibles also continue to make waves in the collector car market, with the 1970 Nissan Fairlady Z 432 surpassing its estimate to bring a record-breaking $253,000.
After the sale, RM Sotheby’s released the following:
In the four days since the conclusion of our Amelia Island sale, we are proud to advise we have sold the final two automotive lots and proudly wrap up the auction with a 100 percent sell-through rate. This impressive accomplishment includes post-sale transactions, negotiated by our expert team of specialists since the final gavel fell on Saturday evening.
A 100 percent sell-through rate for a multi-owner consignment auction is a rare occurrence in the collector car auction industry and reflects not only our team’s client service orientation and commitment to achieving the best results for our consignors, but also the depth and expertise of our specialist team. Comprised of 21 individuals worldwide, our dedicated team of specialists is the largest in the industry, offering over 500 years of combined experience in buying, selling, racing and restoring, making them uniquely qualified to advise on all aspects of the hobby. As a group, their knowledge, commitment to the client, and proven ability to locate the world’s finest motor cars and then find engaged and ready buyers, is unsurpassed in this industry. The RM experience does not end when the final gavel drops.
RM Sotheby’s Amelia Island 2015 – Top Ten Auction Results
RM Sotheby’s continues its 2015 calendar in Fort Worth, Texas, May 2 with the presentation of the Andrews Collection. The single-vendor sale will present 78 automobiles along with an assortment of memorabilia. Later that month (May 23), RM Sotheby’s returns to Lake Como, Italy, for its biennial sale during the Concorso d’Eleganza Villa d’Este.