RM TAKES MONACO BY STORM WITH €33 MILLION COLLECTOR CAR AUCTION
Sporting Classics of Monaco
- RM stages one of the most successful collector car auctions in history with Monaco debut
- Top seller: 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB for €2.8 million, a new world record
- 1960 Maserati Tipo 61 'Birdcage' also sets world record, selling for €2,464,000
- Seven motor cars achieve over €1 million, five of which exceed the €2 million mark
- Registered bidders represent 33 different countries
- 1937 BMW 328 MM 'Buegelfalte' sells for undisclosed sum in a post-event transaction
MONACO (May 2, 2010) - RM Auctions' inaugural Sporting Classics of Monaco event held at the Grimaldi Forum on 1st May was a resounding success, achieving €33,235,917* ($45,101,139) in total sales and matching the highest dollar single-day collector car auction in history, also produced by RM**. The 86 per cent sell through rate saw 88 of the 105 pre- and post-war motor cars changing hands, with five automobiles fetching prices in excess of €2,000,000, along with setting two new world records.
The event's top seller was a rare 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB, s/n 3309 SA, achieving a new world record for a Superamerica when it sold for €2,800,000 ($3,799,600) and well exceeding its high estimate of €2,450,000.
"RM's inaugural Monaco sale has set a new standard for collector car auctions not only for the high quality of cars, but also for its impeccable presentation and client experience. Two world record prices, and seven lots achieving in excess of one million euro, aptly illustrate this achievement," said Max Girardo, Managing Director, RM Europe. "Our Monaco sales results underscore RM's undisputed leadership position in the investment-grade segment of the collector car market."
Additional star lots surpassing the two million euro mark include:
The impressive results of RM's Sporting Classics of Monaco event were generated by the registered bidders from 33 different countries on the telephone, over the Internet and assembled in the standing-room-only venue. RM welcomed a number of first-time clients to its Monaco debut with new bidders representing 28 per cent of all registrations. In addition, approximately 3,300 people watched the live streaming video coverage of the sale over the Internet.
The sale's cover car, the 1937 BMW 328 MM 'Buegelfalte', s/n 85032, considered one of the world's most significant pre-war sports racing cars, exchanged hands within less than 24 hours of the sale's conclusion for a confidential sum and is not included in the final sale results. However, the Buegelfalte had reached a high bid of €4,300,000 ($5,835,100) and its addition to the final auction results produce the most successful collector auction in history.
RM Auctions is the world's largest auction house for quality automobiles. With over three decades of experience in the collector car industry, RM's vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top 10 – and more significantly, four of the top five – all-time records for the most expensive motor cars sold at auction. RM's restoration division has achieved unprecedented accolades earning "Best of Show" honours at the world's top concours events.