Auctions America sees record bidding in $14.2 million Santa Monica sale

General Lee

General Lee

2016-07-01 08:57:32

Auctions America's recent Santa Monica sale attracted a record number of bidders, as it soared to a final total of $14.2 million in Southern California.

Leading the sale was the sale's cover lot, a 1995 Ferrari F50 finished in iconic Rossa Corsa. As one of only 55 U.S.-spec examples ever produced, the car had been enjoyed by just three owners from new and was described as "one of the most exclusive Ferraris of all time".

Offered with full Ferrari Classiche Certification and Red Book status, the car fetched a final price of $1,952,500 – setting a new record as the most valuable car ever sold by Auctions America.

The F50 was one of several 'Prancing Horses' snapped up in Santa Monica. Further notable examples included a 1972 Ferrari 365 GTB/4 Daytona which sold for $600,000, and a 2005 Ferrari 575M Superamerica which sold for $385,000.

The second car to achieve a seven-figure sum was a highly original 1989 Porsche 959 ‘Komfort’. With just two owners from new and 7,500 km on the clock, the highly rare example of German engineering sold for $1,250,000.

The most valuable American-built vehicle of the sale was a 1940 Packard Royal Streamliner Roadster, the creation of custom builder Rodney Rucker and the renowned 'Blastolene Brotherhood'.

Weighing in at just over 13,200-lbs, and measuring more than 31ft long, remarkable car featured an equally massive V-12 Packard Royal Streamliner engine from a World War II era PT boat. Clad in a polished aluminum body hand-formed body by Marcel DeLay, and described as a veritable "fire-breathing behemoth", the remarkable car sold for $412,500.

Collectors were also eager to get their hands on a 2006 Ford GT, offered from the collection of the Riverside International Automotive Museum, which sold for $305,250; a 1969 Ford Mustang Boss 429 which sold for $220,000; and a 1994 Jaguar XJ 220, also from the RIAM collection, which sold for $357,500.

"We’re very pleased with both the results achieved and the strong attendance enjoyed at our Santa Monica sale on the weekend," said Ian Kelleher, Managing Director of Auctions America’s West Coast Division.

"In addition to a packed sale room across both days, we welcomed a record volume of telephone bidders over the weekend, which triggered multiple spirited bidding contests. The fact that bidder registrations increased almost 30 percent on last year, and 50 percent of bidders represented first-time clients to Auctions America, speaks to both the quality and diversity of this year’s offering, as well as our team’s extensive marketing efforts."

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