RM Auctions’ “Art Of The Automobile” Auction Raked In $63 Million In Two Hours

Last Thursday a major collector-car auction was held in Manhattan for the first time in over a decade. The auction completed its run as one of the most incredibly successful collector-car auctions of all time.

At the “Art of the Automobile” auction, held jointly by RM Auctions and Sotheby’s, sales records were broken by huge margins. In just two hours of bidding auction generated $63 million in sales. Bidders from 17 countries participated in the auction.

Top car of the auction was 1964 Ferrari 250 LM sports racing car by Carrozzeria Scaglietti, it was sold for $14.3 million. Taking the second place was the irresistibly beautiful 1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi that fetched $7.15 million. Rounding up top three 1959 Ferrari 250 GT SWB “Competition” Berlinetta Speciale was sold for $7 million, the unique car with bespoke coachwork by Bertone is considered as one of the greatest dual-purpose sports racing cars of all time. Top two cars set world sales records for their respective models.

Talbot Lago Teardrop Cabriolet 2

In all 40 lots were offered, that included 31 classic cars, two motorcycles and seven pieces of artwork. In the end 16 of the 31 cars were sold in excess of $1 million and 11 cars were sold for world record prices.

On the success of the jointly held auction, RM Auctions CEO Rob Myers had this to say “Working with Sotheby’s, we set out to create the finest automobile auction that there has ever been. Our aim has been to raise the bar and set a completely new standard for quality and presentation, and I am delighted to say that these amazing results have proven it a great success.”

Talbot Lago Teardrop Cabriolet 7 Talbot Lago Teardrop Cabriolet 4 Talbot Lago Teardrop Cabriolet 5 Talbot Lago Teardrop Cabriolet 3 Talbot Lago Teardrop Cabriolet 8 Talbot Lago Teardrop Cabriolet 9 Talbot Lago Teardrop Cabriolet 6 1964 Ferrari 250 LM - 1 1964 Ferrari 250 LM - 2 1964 Ferrari 250 LM - 3 1964 Ferrari 250 LM - 4

Source: RM Auctions

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