- Aug 19, 2009
Monterey 2009: RM Auctions sells 1952 Jaguar C-Type for record $2,530,000
RM Sports & Classic of Monterey Auction - Click above for high-res image gallery
After selling off the Nick Alexander Woodie collection on Thursday, RM continued with their Sports & Classics of Monterey auction this past weekend. The sale was highlighted by a 1952 Jaguar C-Type that was originally owned and raced by the late Phil Hill. The legendary driver's son, Derek Hill, drove the car up on stage where bidding immediately passed $1,000,000 on its way to a $2,530,000 final selling price.
Despite the downward trend of the collector car market, RM managed to sell 85% of the 239 cars it offered last weekend. In addition to the C-Type, several other notable cars found new homes, including a 1955 Aston Martin DB3S that sold for $1,980,000 and a Duesenberg Model SJ Disappearing Top Convertible Coupe with a final sale price of $1,430,000. Some of the no-sales included a 2006 Bugatti Veyron 16.4 with a top bid of $900,000, a 1938 Talbot Lago T120 that went unsold at $950,000, and a 1953 Ferrari 166MM Spider Scaglietti that didn't meet its reserve despite being bid to $1,100,000. You can read more about the auction in RM's press release after the jump.
Photos copyright ©2009 Drew Phillips / Weblogs, Inc.
MONTEREY, California –The legendary Phil Hill's son, Derek, drove the historic 1952 Jaguar C-Type, s/n XKC-007 to an auction world record last night, selling for $2,530,000 at RM's Sports & Classics of Monterey event in California.
XKC-007 was one of the first C-Types delivered to North America. In 1952, a young Phil Hill – then just 25 – drove the car at Elkhart Lake to claim the C-Type's first North American victory, before going on to achieve further success at Torrey Pines that same year.
"With over 85 buyers premium of $21,500 and other monies raised which will be donated by RM. This lot capped off the extremely successful single-owner offering of $7.3 million.
"I am thoroughly pleased with the overall sales results and consider the auction to be a true success," said Nick Alexander. "RM Auctions did an amazing job representing all 52 cars consigned from my collection and I am delighted that all are going to such great new homes," he added.
RM will return to California, September 26th for the highly anticipated Icons of Speed & Style event at the Petersen Automotive Museum in Los Angeles. This single-vendor collection will present an eclectic range of historic American racing cars, vintage hot rods and custom show cars, along with 'kustom kulture' memorabilia - all offered without reserve. For further information on this exciting event, please visit http://www.rmauctions.com/Default-RW.cfm?SaleCode=RW09.
Official results from this weekend's Sports & Classics of Monterey event will be posted online at www.rmauctions.com.