$70 million RM Sotheby's sale is biggest in Amelia Island history

Joes Garage

Joes Garage

2017-03-13 14:32:32

RM Sotheby's has achieved the highest auction total in Amelia Island history, realizing $70.9 million across two days at the exclusive annual event.

First up on Friday (March 10) was a special single-owner collection packed with classics from Rolls-Royce, Bentley, Lancia, Aston Martin and Mercedes-Benz.

'A Gentleman’s Collection: The Pride & Passion of Orin Smith' featured 60 superb vehicles owned by the renowned Florida collector, who was a popular figure at the Amelia Island event for many years.

The collection, which featured everything from prewar elegance to contemporary style, achieved a total of $31 million, and a sell-through rate of 100% - a testament to Smith's devotion to excellence.

A 1936 Lancia Astura Cabriolet Series III

A 1936 Lancia Astura Cabriolet Series III 'Tipo Bocca' (Images: RM Sotheby's)

Leading the collection was a stunning 1936 Lancia Astura Cabriolet Series III 'Tipo Bocca', a multiple award-winner which made its debut at the 1936 Milano Motor Show, and sold more than 80 years later for $2,145,000.

Further highlights from the Orin Smith Collection included a 1956 Bentley S1 Continental Drophead Coupe, with just owners from new, which sold for a record $1,683,000; a 1966 Aston Martin Short-Chassis Volante, the first of just 37 examples ever built, which sold for $1,705,000; and a 1953 Fiat 8V Supersonic which sold for $1,375,000.

This pace continued into Saturday's sale, with further seven-figure results achieved and records sent tumbling.

The highest price of the weekend went to a highly original 1937 Bugatti Type 57S Cabriolet (main picture, above), one of only three examples featuring rare coachwork by Vanvooren of Paris. Offered at auction for the first time in its 80-year history, the car finally sold for $7,700,000.

A 1956 Maserati A6G/54 Frua Coupe Series III (IMages: RM Sotheby

A 1956 Maserati A6G/54 Frua Coupe Series III (IMages: RM Sotheby's)

There were also strong results for a 1956 Maserati A6G/54 Frua Coupe Series III, which sparked a bidding war before selling for $2,365,000 ; and a 1974 Porsche 911 Carrera RS 3.0, which surpassed its high estimate of $1.1 million to fetch a model-record $1,375,000.

Further notable results included a 1995 Ferrari F50 originally owned by boxer Mike Tyson, which sold for $2,640,000; a 1954 Mercedes-Benz 300 SL Gullwing which realized $1,358,500; a 1955 Alfa Romeo 1900C SS Coupe which sold for $1,100,000.

"We’re thrilled with the results from this weekend’s Amelia Island sale," said Gord Duff, Auction Manager at RM Sotheby’s. "Not only was it our best ever Amelia Island performance, but the highest tally in Amelia Island auction history.

"The caliber of entries our team secured for this year’s event was second-to-none, as reflected in the positive feedback from collectors [and] the multiple bidding contests that filled the auction room during both sale sessions. We’re proud to have once again raised the bar, and look forward to continuing the momentum as we move into the busy Spring / Summer auction season."

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