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RM Auctions wraps up its 2014 Arizona Auction with Class and Style

RM Auctions 2014 Arizona Auction puts some Beauties on the Block

Phoenix, ARIZ. (January 17, 2014) – RM Auctions held its second bight of running rare classic automobiles across its block tonight at the Arizona Biltmore Resort and Spa in Phoenix.  With the auction room nearly full to capacity, there was plenty of competition for the winning bid.

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With its “star of the night,” a 1958 Ferrari 250 GT LWB California Spider expecting to hammer between $7,000,000 and $9,000,000, we’re sure the consignor was hoping the money was in the house.  Things were looking good when a 1963 Ferrari 250 GT/L “Lusso” that was expecting to sell for somewhere between $1,700,000 and $2,000,000 hammered at $2,250,000.

Throughout the evening cars rolled into the room and onto the rotisserie.  In short time, each of the beautiful cars in RM’s inventory were passed from one owner to another.  Chasing Classic Cars’ Wayne Carini was in the audience representing a 1932 Stutz DV32 Convertible Sedan.  The Stutz was expected to bring between $185,000 and $235,000.  It hammered at $140,000 and did not sell.

Some deals that were had Friday night were on a 1969 Camaro RS/SS Indy Pace Car Replica.  It was expected to sell somewhere between $110,000 and $130,000.  It hammered at $47,500.  A 1948 Packard Super Eight Convertible expected to sell for somewhere between $75,000 and $100,000 hammed at $55,000.  A 1961 Volkswagen 23 Window Van was estimated to bring between $90,000 and $120,000.  The hammer dropped at $75,000.  A 1970 Porsche 911 E Coupe’s estimate was $85,000 to $115,000.  The hammer fell at $65,000.

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Though some cars may have sold below their estimates, many sold above.  The 1963 Lusso was estimated to sell for somewhere between $1,700,000 and $2,000,000.  The hammer dropped at $2,250,000.  A 1961 Mercedes-Benz 190 SL Roadsted estimated to sell between $175,000 and $225,000 hammered at $240,000.  A 1963 Chevrolet Corvette Sting Ray Fuel Injected Split Window Coupe was estimated at a high of $200,000.  The hammer dropped at $215,000.  A 1967 Maserati Ghibli “SS Specification”Coupe was expected to bring in a high bid of $120,000.  It surpassed that, hammering at $155,000.

The 1958 Ferrari 250 GT LWB California Spider later set a new record when it sold for $8,800,000.

In just two days, RM sold 80 % of their consignments and had more than 45.5 million in sales.

Arizona Auto Scene wasn’t there to watch every car cross RM’s auction block, but we did take in quite a  bit of their consignments.  They had an excellent selection at their 2014 Arizona auction.

Scroll down to check out some of RM’s inventory as it crossed the block during their 2014 Arizona auction.

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