Classic Car Auction

Once again RM Auctions managed to maintain its fame in the auction field by organizing another successful and amazing classic car auction. The audience had the opportunity to see incredible classic cars, rare, elegant and luxurious which took us back in time.

The 2010 Monterey classic car auction was a successful event organized at the Portola Hotel and Spa with total sales of $67 millions and a 95% sale rate. The RM classic car auction offered 221 vehicles for sale and 209 of them managed to find a new owner, statistics which reflect a great classic car auction, well organized, hosting incredible and rare classic cars. Over 1,000 bidders were present from 29 countries around the world such as Brazil, Japan or Monaco. Incredible or not, the price tag of 16 cars auctioned exceeded one million dollars.

The opening night of the 2010 Monterey classic car auction was an all-Ford affair including an exquisite selection of cars from the great Dearborn Company which generated $1 million for charity activities: the money was split between the Children’s Center Michigan and the Juvenile Diabetes Research Foundation.

The star of the 2010 Sports and Classics of Monterey auction was the incredible 1938 Talbot-Lago T150 –C Lago Speciale coupe. This classic car is equipped with a six cylinder engine with hemispherical combustion chambers able to produce 140 horsepower. It also features a Wilson four-speed pre-selector transmission, an independent suspension, a black tobacco leather interior and original wood trim. This car was sold for $4,620,000. The same price was paid for the 1954 Ferrari 375 MM Berlinetta, the fifth of only seven models manufactured.

The list of incredible classic cars auctioned by RM during this classic car auction continued with the amazing 1949 Delahaye Type 175 S Roadster. It’s one of the only 51 cars manufactured using the Delahaye chassis and features a Dubonnet coil spring suspension, a six cylinder engine, an astonishing interior which incorporates a stylized eagle’s head on each door panel and an expansive dash panel. This classic car was sold for $3,300,000. Another incredible presence at the 2010 Monterey classic car auction was the 1959 Ferrari 250 GT LWB California Spyder which convinced its new owner to pay $2,612,500. The modern cars were well represented by the incredible 2007 Ferrari FXX Evoluzione which made it in the top ten Monterey auction best sales. This outstanding car was sold for no more and no less than $1,925,000.

A rare 1948 Tucker 48 Sedan was also displayed at this 2010 Monterey classic car auction and set a new world record for a Tucker model. It impressed with its incredible design and its six-cylinder Franklin engine. It also features a four-speed electric pre-selector transmission, a torsion suspension, the factory AM radio and a set of new old stock luggage. The price paid for this incredible classic car was of $1,127,500.

A small collection of “tinies” was also sold at this amazing event. In the spotlight was the 1963 Goggomobil “Krispy Kreme” TL-400 Transporter van. This “tinie” was sold in the end for $88,000. Unfortunately, the estimated star of the RM auction, the 1958 Ferrari 250 “Pontoon Fender” Testarossa wasn’t sold at this event. Its estimated price was of $10,700,000. What can I say? More luck next time!

All in all, this 2010 Monterey classic car auction was a real success and set new standards for the collector car auctions because of its high quality classic cars, because of its impeccable presentation and because of those who came to buy a collectible car and weren’t afraid to bid and extend their budgets if necessary.

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