Milhous Collection brings $38.3 million at RM Auctions

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2015-06-26 10:40:33

Milhous Collection brings $38.3 million at RM Auctions

RM Auctions have announced the results of the amazing Milhous Collection sale, held in conjunction with Sotheby’s in Florida on February 24 – 25.

The collection, built over the course of 50 years by the brothers Bob and Paul Milhous, featured a wealth of vintage automobiles, rare mechanical musical instruments, vintage advertising and collectibles.

The unusual nature and enormous rarity of the majority of lots ensured interest from around the world, as bidders from 18 countries including China and Russia were represented at the sale.

Topping the auction was an exceptional a 1912 Oldsmobile Limited Five-Passenger Touring car which sold for the record price of $3,300,000, making it the most expensive Oldsmobile ever sold at auction.

Other notable automobiles sold included a 1933 Chrysler Custom Imperial Five-Passenger Phaeton which sold for $1,210,000, a 1934 Cadillac Sixteen Custom Roadster sold for $1,001,000 and a 1939 Lagonda V-12 Rapide Sports Roadster which brought $990,000.

The collection’s much-publicised selection of rare and important mechanical musical instruments was the highlight of the sale. Heading this section were three lots which each brought over $1 million and sparked lively bidding wars between determined collectors. These were:

  • A 1903 Ruth Style 38-B Fair Organ sold for $1,265,000
  • Gaudin 125-Key Dance Organ sold for$1,150,000
  • A 1913 Welte Wotan Brass Band Orchestrion sold for $1,092,500

Perhaps the most impressive item offered was the stunning 46ft carousel with 42 animals, 2 chariots and a Wurlitzer 153 Band Organ. The piece, custom-built for the brother in 1998, had formed the centrepiece of their collection. It sold after frantic bidding for a price of $1,207,500.

The sheer strength and quality of the collection was demonstrated by the remarkable 100% sale by lot and a final total of $38.3 million.

 

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