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RM Auctions Tops $20.4 Million in Sales at Amelia Island Florida Event

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Amelia Island, Florida. March 13th, 2007

Stimulated by growing interest from international investors, a strong marketplace and a superior assortment of investment quality vehicles, RM Auctions’ recent sale at Amelia Island topped $20.4 million during its 9th annual, single-day event. Three examples of rare post-war classics surpassed the magic million dollar mark, and a total of 10 cars sold for more than $500,000 each.

The day’s premier sale was a magnificent 1932 Packard Twin Six Sport Phaeton, one of only two surviving examples, recently restored by RM Auto Restoration, Inc. and a multiple award winner that is considered to be “the ultimate Packard,” which sold for $1,650,000. The rare Packard was followed by a beautiful 1932 Duesenberg Model J Dual Cowl Phaeton, which sold for $1,490,000 and a spectacular 1939 Delahaye 135MS Grand Sport Roadster that was hammered down for $1,347,000.

Other top sellers that bettered the half-million-dollar mark included: • 1932 Bentley 8-liter Short Chassis Fixed Head Coupe -- $962,500 • 1963 Shelby King Cobra Cooper Type 61M Monaco-Ford -- $935,000 • 1971 Porsche 917 Spyder -- $850,000 • 1913 Rolls-Royce silver Ghost Torpedo Tourer -- $852,000 • 1967 Shelby Cobra -- $766,800 • 1931 Cadillac V16 Sport Phaeton -- $561,000 • 1965 Shelby GT350 “Supercharged” -- $528,000

“This sale had it all – from vintage race cars and one-off custom exotics to elegant and elusive examples that may not surface again at an auction during our lifetime,” says RM Auctions founder Rob Myers. “We saw more international interest than ever, as serious collectors from around the globe proved they were not willing to miss out on an opportunity to own the best, and pre-sale estimates on historically significant cars like the Shelby King Cobra were shattered.”

RM also sold several other significant vehicles, including a 1981 Porsche 935/78 “Moby Dick” race car, the only car to win the 24 Hours of Daytona and the 12 Hours of Sebring in the same year, for $440,000. A Ferrari used in the Barbra Streisand film A Star is Born that later became a one-off Michelotti NART Spyder concept sold for $385,000 and a 1909 Thomas-Flyer 6-40 Seven Passenger Touring was purchased for $297,000.

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