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London, 24 October, 2019

RM Sotheby’s annual London autumn auction moved from its regular Battersea Evolution venue in Battersea Park on the south bank of the River Thames, to the West Hall at the Olympia exhibition centre in the west part of town for the 2019 edition. The auction had a truly varied selection of offerings which also included automobilia and spare parts, whilst the vehicles ranged from an ex-US Army 1943 White M16 MGMC Half-Track, which sold for £37,375 (a lot of metal for the money!) to a pair of Group C sports racing cars in the forms of a 1990 Porsche 962C and a 1989 Jaguar XJR-11, then on to a pair of 2000 Arrows A21 F1 cars, and a 1994 Ferrari 412 T1 F1 car. There were also eight cars and a motorcycle entered by the Forests Collection, the proceeds of which were destined to a charitable cause.

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It is probably fair to say, that despite the refined polished finish of most of the vehicles on offer, it was a “time capsule/barn find” dust laden Lamborghini Miura P400 S that was the star attraction. This German registered example, chassis # 4245, had been with a single (the second) owner and his family since 1974, finished in yellow with a blue interior, it was expected to sell in the £800,000 to £1 million range, but on the night exceeded expectations when it sold for £1.24 million. Another strong sale was a 1985 Lancia Delta S4 looking splendid in its Martini livery, which made an impressive £764,375, at the top end of its estimate range. The sale featured thirteen Ferraris, including the previously mentioned 412 T1 F1 car, which was a no sale at a high bid of £1.2 million, although seven of the others sold. These included a 1961 250 GTE which achieved £404,375, against a pre-sale estimate of £325-375,000), and a Dino 246 GT “Chairs and Flares”, although a previous owner had reverted it to standard seats, which sold for £432,500. A California T 70th Anniversary edition in metallic white with blue stripes made an impressive £286,250, whilst a 458 GT3 seemed a real bargain at £166,750, as did a 458 Challenge at £100,625.

At the end of the day the auction achieved total sales of £9.4 million, with a 72% sell-through rate, whilst the charity items from the Forests Collection achieved in excess of £500,000, these proceeds being donated to the Trillion Trees environmental cause.

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