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RM AUCTIONS ACHIEVES OVER €23 MILLION IN TWO HOURS AT DEBUT SALE AT THE CONCORSO D’ELEGANZA VILLA D’ESTE

Posted: 24.05.2011
Source: RM Auctions

  • RM Auctions posts over €23 million in sales during two hours of furious bidding at its inaugural sale at the world-renowned Concorso d’Eleganza Villa d’Este
  • Six automobiles fetch over  €1 million, with two lots surpassing €3 million
  • Top-sellers: 1955 Ferrari 375 MM Berlinetta achieves 3.36 million and an exquisite 1938 Talbot-Lago T150-C SS Teardrop Coupé brings over €3.1 million
  • Bertone S.p.A Collection exceeds all expectations, resulting in 3.6 million in total sales

CERNOBBIO, Italy (24 May, 2011) – RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, kicked off its 2011 European calendar in style on the weekend, posting over €23 million** ($33,436,750 USD) at its debut sale at the Concorso d’Eleganza Villa d’Este in Cernobbio, Italy.   Held in conjunction with the celebrated Italian concorso d’eleganza, the two-hour sale treated a discerning international audience to one of the most significant offerings of collector cars presented in recent auction history, including the highly-anticipated sale of six unique Bertone concept cars.  Featuring a handpicked selection of 32 motor cars, six automobiles achieved individual million-euro-plus results, with two lots surpassing €3 million. Top sale honours went to a stunning1955 Ferrari 375 MM Berlinetta for €3,360,000, along with a breathtaking, concours-quality 1938 Talbot-Lago T150-C SS Teardrop Coupé which sold for €3,136,000.

“It has been a privilege to conduct an auction at the Concorso d’Eleganza Villa d’Este and to achieve such a great result from such a stunning selection of motor cars,” says Max Girardo, Managing Director, RM Europe. “Combining automobiles of exceptional quality with the first-class presentation for which RM is known, the sale attracted bidders from over 23 countries, with numerous lots exceeding expectations. We could not have hoped for a better start to our 2011 European auction season,” Girardo adds.

Offered for the first time, the visually-striking selection of concepts from the official collection of Bertone S.p.A was one of sale’s many highlights, garnering significant attention and spirited bidding. Headlined by the wild 1967 Lamborghini Marzal, a predecessor to the Espada, for €1,512,000, total sales for the collection surpassed €3.6 million, with numerous lots far-exceeding expectations. Additional notable sales included the 1974 Lamborghini Bravo, which achieved €588,000, almost four times its pre-sale estimate, while the 1980 Lamborghini Athon also attracted strong interest, doubling its estimate to sell for €347,200. 

“It was wonderful to offer these famous Italian cars on their home soil. The auction results reflect the enormous pre-sale interest in the collection, with bidders recognizing both the significance of these cars and the unique opportunity that their sale presented,” Girardo adds.

 The sale also strengthened RM’s position as the global leader in the presentation of important and historic Ferraris at auction with the successful sale of six important examples from the world-famous Italian marque. A one-off Pinin Farina-designed 1955 Ferrari 375 MM Berlinetta, the last 375 MM built, spurred a lively bidding war in the room and on the phones, resulting in an impressive final sales price of €3,360,000. A stunning 1959 Ferrari 250 GT LWB California Spyder surpassed its high-estimate, bringing €2,520,000 to reinforce the California’s position as one of the world’s most desirable open-top Ferraris, while a 1957 Ferrari 500 TRC Spider, arguably one of the most beautiful Ferrari sports racing cars ever built, concluded the sale on a high note, realizing €2,800,000. Representing the ultimate in pre-war French design, the Pebble-Beach winning 1938 Talbot-Lago T150-C SS Teardrop Coupé was another featured lot attracting strong international interest, selling for a phenomenal €3,136,000  “Never has a car been more at home in its surroundings than the Talbot Lago T150-C SS was at our Villa d’Este sale,” adds Girardo. “It was a perfect fit for an event themed on showcasing the ultimate in elegance and sophistication in styling.” Other notable auction sales included 1964 Alfa Romeo TZ Coupé, which, with significant period racing history, achieved a world-record breaking price of €627,200; and, an extremely-original, well-documented 1957 BMW 507, considered by many as one of the most stylish roadsters of the 1950s, which also entered the history books with its record-setting €728,000 auction price.

RM Auctions continues its European events calendar in England on 23 June with its inaugural sale at the Salon Privé luxury car show and Concours d’Elegance. Held at the stunning Syon Park estate in West London, the recently-launched summer sale will lift the hammer on a host of great British marques, including Aston Martin, Jaguar and Rolls-Royce among others. Full event details for Salon Privé along with official results from the company’s sale at the Concorso d’Eleganza Villa d’Este on the weekend are available online at www.rmauctions.com.

 

WORLD’S FINEST AUTOMOBILES POISED FOR RM’S DEBUT SALE AT THE CONCORSO D’ELEGANZA VILLA D’ESTE

Posted: 11.03.2011
Source: RM Auctions

  • RM’s debut sale at the Concorso d’Eleganza Villa d’Este presents one of the most spectacular collections of automobiles in recent auction history
  • Dedicated to ‘best of category’ examples, average value per car approaches €1.000.000
  • Recent hand-picked entries include a tremendously valuable 1953 Ferrari 250 MM Pinin Farina Berlinetta and a rare 1965 Ford GT Works Prototype Roadster
  • Other featured blue-chip automotive marques include: Rolls-Royce, Bentley, Delahaye, Bugatti, Mercedes-Benz and Alfa Romeo, among others

LONDON (11 March, 2011) –  RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, has announced an outstanding series of new entries for its debut sale at the Concorso d’Eleganza Villa d’Este, to be held 21st May on the shores of Lake Como, Italy.

Continuing the sale’s focus on motor cars of exceptional quality and provenance, recent consignments include a rare and extremely desirable 1953 Ferrari 250 MM Pinin Farina Berlinetta, chassis number 0352 MM / 0239 EU, and an ultra rare 1965 Ford GT Works Prototype Roadster, chassis number GT/111,  one of just five prototype roadsters built.

Carefully hand-selected from around the world by RM’s expert team of car specialists, these latest entries join the previously announced 1955 Ferrari 375 MM Pinin Farina Berlinetta and 1938 Talbot-Lago T150C-SS Teardrop Coupé as part of an elite group of just 30 automobiles to be offered during the exclusive evening sale.

“In keeping with the theme of the celebrated Concorso d’Eleganza Villa d’Este, our upcoming sale in Cernobbio is set to showcase the ‘best of the very best’. Consignments represent a wonderful series of best of category cars from their respective genres – the epitome of motoring luxury, style and performance,” says Max Girardo, Managing Director, RM Europe.

“With an average value per car approaching €1.000.000, the offering represents one of the most superb collections of automobiles assembled for auction in recent years,” adds Girardo.

Building on RM’s reputation as the global leader in the presentation of important and historic Ferraris at auction, the addition of a rare and coveted 1953 Ferrari 250 MM Pinin Farina Berlinetta, chassis number 0352 MM / 0239 EU, to the May sale is expected to garner strong interest among serious Ferraristi. One of just 32 built and one of only 17 examples bodied by Pinin Farina, this coveted competition coupé was delivered new to Mexican collector, Efrain Ruiz Echeverria. A well-known privateer racer, Echeverria immediately entered the car in the gruelling 1953 Carrera Panamericana, recording a strong top 10 finish. The result was considered an outstanding achievement by a private owner, as the first six cars were factory-entered Ferraris and Lancias. Today, wonderfully presented and benefiting from a well-known history, which includes a string of prominent Mexican collectors, this example has been displayed at a number of the world’s leading events, including the prestigious Pebble Beach Concours d’Elegance. In addition, it returned to competition at the 2004 Monterey Historic Races at Laguna Seca, California, driven by experienced vintage racer, Pablo Gonzalez. (Est. €2.600.000 – €3.200.000).

“We are truly honoured to have been entrusted with the sale of this historically important 250 MM at our debut sale in Cernobbio,” adds Girardo. “Combining great performance, a wonderful racing pedigree and fabulous livery, it is truly one of the best 250 MMs available.”

The 1965 Ford GT Works Prototype Roadster, chassis number GT/111, is also expected to attract significant interest. One of only five prototype open GT Roadsters built by Ford Advanced Vehicle Operations in the UK during early 1965, of which just four survive, GT/111 was first tested at the 1965 Le Mans trials, driven by Sir John Whitmore, prior to it being selected as a Works entrant in the Targa Florio.  Painted in Linden Green and with Sir John Whitmore joined by American driver Bob Bondurant behind the wheel, the car ran as high as third place in the endurance road race before accident damage sidelined the car. After the race, a decision was made to strip the chassis and discard it, after which its whereabouts remained largely unknown for the next forty years. The chassis was rediscovered in 2006, its authenticity confirmed by the world’s leading authorities on GT40s, and following a painstaking restoration GT/111 reappeared on the race circuit in 2007 at the Goodwood Revival. It has since gone on to race very competitively at some of Europe’s most prestigious events. (Est. €2.400.000 – €2.900.000)

The Ford GT represents one of the world’s most iconic sports car designs,” notes Girardo. “Joining power with beauty, it is the perfect fit for our debut sale at the Concorso d’Eleganza Villa d’Este. As one of just four surviving examples and one of only three to have been raced by the Works, it presents an extraordinarily rare ownership opportunity for discerning collectors, deserving of close inspection.”

Other notable entries for the 21 May auction include:

  • an extraordinary, supercharged 1937 Bugatti Type 57 SC, one of only 17 Atalante Coupés built (Est. €3.250.000 – €4.250.000);
  • a beautifully-restored, multi-award winning 1937 Mercedes-Benz 540K Cabriolet  A (Est. €1.250.000 – €1.800.000);
  • an exquisite pair of pre-war Figoni et Falaschi Delahayes, including a 1938 135 MS Coupé (Est. €950.000 – €1.170.000) and a 1939 135 MS Grand Sport Roadster (Est. €880.000 – €1.025.000);
  • a matching-numbers 1967 Ferrari 275 GTB/4 Berlinetta,s/n 09495 (Est. €800.000 – €900.000);
  • a rare, unrestored 1954 Aston Martin DB2/4 Competition Spider by Bertone, one of just three competition spyders built and the only Bertone-bodied Aston with racing history (Est. €725.000 – €825.000);
  • a one-off 1955 Bentley R-Type Continental Coupé, the last R-Type Continental built and the last car personally designed by Marius Franay (Est. €590.000 – €750.000); and
  • a restored, well-documented 1964 Alfa Romeo TZ 1, fresh to the market after 25 years of single-family ownership and with race pedigree that includes Le Mans, Tour de France and Targa Florio (Est. €475.000 – €575.000).

For further event details and a frequently updated list of consignments, please visit www.rmauctions.com or contact RM’s London Office at +44 20 7851 7070.

Event Details: RM Auctions at the Concorso d’Eleganza Villa d’Este

Sale date: 21 May, 2011    5:00pm – 7:00pm CET 

Preview dates: 20 May, 2011    11:00am – 7:00pm CET and 21 May, 2011    9:00am – 5:00pm CET

Location: Spazio Villa Erba,

Largo Luchino Visconti, 4

Cernobbio, Como, 22012, Italy

Admission:
Admission to the event requires the purchase of an official auction catalogue for €70. The catalogue admits two and must be presented at the entrance to the sale to be granted entry.

About RM Auctions

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 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.

 

RM AUCTIONS ANNOUNCES EARLY HIGHLIGHTS FOR DEBUT SALE AT THE CONCORSO D’ELEGANZA VILLA D’ESTE

Posted: 13.01.2011
Source: RM Auctions

  • RM’s eagerly awaited debut sale on Lake Como, Italy scheduled for 21st May, 2011
  • Exclusive evening auction to feature a limited, hand-picked selection of world’s finest motor cars
  • Early entries include a spectacular 1955 Ferrari 375 MM Berlinetta and a stunning 1938 Talbot-Lago T150C-SS Teardrop Coupé

LONDON (13 January, 2011) – Fresh on the heels of its announcement as the official auction house of the celebrated Concorso d’Eleganza Villa d’Este, RM Auctions has revealed two early star attractions for its debut sale on the picturesque Lake Como, Italy on the 21st May – a rare 1955 Ferrari 375 MM Berlinetta by Pinin Farina, s/n 0490 AM, and an exquisite 1938 Talbot-Lago T150C-SS Teardrop Coupé with coachwork by Figoni et Falaschi.

Representing the ultimate in exclusivity, style and performance, these notable early highlights lead an elite group of automobiles set to cross the auction podium at the highly-anticipated evening sale. Held on the banks of Lake Como at the Spazio Villa Erba, the auction forms an integral part of this year’s official Concorso d’Eleganza Villa d’Este event program.

“The early response to our new sale in Cernobbio, Italy has been tremendous with lots of collectors expressing their excitement about RM’s involvement in this world-class automotive weekend,” says Max Girardo, Managing Director, RM Europe.

“In keeping with the spirit of the Concorso d’Eleganza Villa d’Este, the auction will place a strong emphasis on elegance and sophistication in styling, with consignments sourced from around the world. We are delighted to have been entrusted by the current owners of the 375 MM and the Talbot-Lago Teardrop Coupé to present their magnificent automobiles at our debut sale. Immaculately presented, each matches sleek design with engineering excellence and is expected to attract significant attention from discerning collectors.” 

Resplendent in two-tone ivory and metallic blue, the unique 1955 Ferrari 375 MM Berlinetta, s/n 0490 AM, presents a rare opportunity to acquire one of the world’s most desirable Ferraris. Featuring coachwork by the renowned Italian Carrozzeria, Pinin Farina, 0490 AM was the last 375 MM built and reportedly the last Ferrari to carry the ‘Mille Miglia’ designation. Displayed on the Ferrari stand at the Turin Motor Show in 1955, it was returned to Pinin Farina shortly after for a series of minor modifications before being delivered to its first owner, official Ferrari dealer and gentleman race driver, Inico Bernabei. 0490 AM was later acquired by Count Antonio Naselli of Trevinano and eventually exported to the United States in 1960, where it remained for the next 50 years. In 2003, it was the recipient of an extensive, concours-quality restoration by Wayne Obry’s Motion Products Inc, who returned the car to its Turin Motor Show specifications. It has since been displayed at a number of the world’s most prestigious concours events, including the Pebble Beach Concours d’Elegance in 2004 where it was judged ‘Best in Class’, as well as the Concorso d’Eleganza Villa d’Este in 2005.  

“Cars like this 375 MM only come to market on the rarest of occasions,” adds Girardo. “Our debut auction at the Concorso d’Eleganza Villa d’Este is the perfect setting for its sale, particularly when one considers the extraordinary quality of its restoration. It is truly spectacular having been restored to the world’s best standards.” 

Equally stunning, the breathtaking 1938 Talbot-Lago T150C-SS Teardrop Coupé, chassis 90112, also captures the essence of RM’s new sale – excellence and beauty. Clothed by master French coachbuilders, Figoni et Falaschi, it is one of only 10 factory built short-chassis cars ever produced and one of just three surviving examples fitted from new with a factory sunroof. Featuring a seductive teardrop body and fenders, one of its most striking features is a graceful chrome grille concealing the headlights – a classic Figoni detail seen on just a handful of examples. 

Ordered by M. Troussaint, Director of the Casino at Namur, Belgium and delivered in May 1938, 90112 has enjoyed a long show career, making its debut on the concours circuit in 1939 at the Brussels Concours d’Elegance, closely followed by a showing at the prestigious Concours d’Elegance of Deauville in France before disappearing from public view (thought to be the result of World War II). It eventually resurfaced in storage in the 1950s, and was later acquired by its current owners in the early 2000s who engaged RM Auto Restoration to undertake a complete, faithful restoration. Finished in a correct shade of silver, accented with a subtle grey two-tone, it has enjoyed a successful return to the show field in recent years, including ‘Best in Class’ and ‘Most Elegant Closed Car’ accolades at the prestigious Pebble Beach Concours d’Elegance in 2009, and more recently, ‘Best of Show’ honours at the Concours d’Elegance of America at Meadow Brook in July 2010.  

“Combining exquisite coachwork with a competition-bred chassis, the Talbot-Lago Teardrop Coupé is truly one of the world’s most beautiful automobiles and arguably one of the greatest cars of its era. Built during the pinnacle of the French streamlined design movement, it is a wonderful representation of the automobile as art,” adds Girardo.  

For further event details and a frequently updated list of consignments, please visit www.rmauctions.com or contact RM’s London Office at +44 20 7851 7070. 

Event Details: RM Auctions at the Concorso d’Eleganza Villa d’Este

Sale date: 21 May, 2011    5:00pm – 7:00pm CET 

Preview dates: 20 May, 2011    11:00am – 7:00pm CET and 21 May, 2011    9:00am – 5:00pm CET

Location: Spazio Villa Erba,

Largo Luchino Visconti, 4

Cernobbio, Como, 22012, Italy

Admission:
Admission to the event requires the purchase of an official auction catalogue for €70. The catalogue admits two and must be presented at the entrance to the sale to be granted entry.

About RM Auctions

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 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.

 

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