The legendary car is expected to “comfortably achieve eight-figures” at the RM Auctions sale next month.
RM Auctions is the world's largest auction house for antique 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 Auctions was founded in 1991 by Rob Myers, Mike Fairbairn and Dan Warrener out of RM Classic Cars, a restoration shop Myers started in 1976.2
RM Auctions is today recognized as the world’s largest collector car auction house for investment-quality automobiles, boasting a global footprint and international client base. Headquartered in Ontario, Canada, the Company has offices across the United States, including Auburn, Indiana; Fort Lauderdale, Florida; and Culver City, California. In addition, the company also has offices in London, England and Hamburg, Germany.
RM Auctions expanded into Europe in 2007, hosting record-breaking sales at the legendary Ferrari factory in Maranello, Italy. Capturing the attention of the world’s premiere collectors, the sale produced a record breaking result with $46 million in sales and a strong 98% sales rate3. Later that year, RM hosted its debut Automobiles of London auction, deemed the largest event of its kind ever to be held in the United Kingdom4. In 2010, RM Europe expanded its European calendar hosting a new sale in Monaco during the same weekend as the Grand Prix Historique de Monaco5. In 2011 RM assumed the esteemed role of official auction house of the celebrated Concorso d’Eleganza Villa d’Este, hosting an exclusive sale in Cernobbio, Italy6. To maintain the exclusivity of each event, the Monaco and Villa d’Este sales are held on an alternating, biennial basis.
Each year, RM Auctions hosts an established calendar of events at a variety of prestigious venues around the globe. In addition to its annual catalogue events, RM has also sold many notable single-owner collections at dedicated, standalone sales.
Annual events include:
With a strong track record for achieving top prices at auction, RM Auctions holds five of the top ten all-time records for most expensive automobiles sold at auction. These sales include: a 1957 Ferrari 250 Testa Rossa ($12,402,500 Maranello 2009)10; a 1961 Ferrari 250 GT SWB California Spyder ($10,894,400, Maranello 2008)11; a 1937 Mercedes-Benz 540 K Spezial Roadster ($9,680,000, Monterey 201112; a 1962 Ferrari 330 TRI/LM Testa Rossa ($9,418,750, Maranello 2007); and a 1937 Mercedes-Benz 540 Special Roadster ($8,253,217, London 2007)13.
RM Auctions holds many world records for individual marques including the sale of a 1952 Jaguar C-Type for $2.53 million in 200914. In 2011 the company established a new world record for the most expensive Mercedes-Benz ever sold at auction with a 1937 Mercedes-Benz 540 K Spezial Roadser realizing $9.68 million at its annual Monterey sale15.
The Company has also had the privilege of offering numerous automobiles with celebrity provenance over the years. In 2010, the company established the prime of fame, selling the world famous 1964 Aston Martin DB5 James Bond movie car, as driven by Sean Connery in Goldfinger and Thunderball for $4,608,50016. In 2011, the Company achieved a notable record for a 911s sold at auction, selling the iconic 1970 Porsche 911S driven by the “King of Cool” Steve McQueen in the epic racing film Le Mans for $1,375,00017.
In addition, RM is responsible for auctioning the historically important 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout, the world’s oldest running car for a remarkable $4,620,000 at Hershey in 201118.
In addition to its auction division, the RM group of companies boasts its own dedicated restoration division, RM Auto Restoration. Founded in Chatham, Ontario in 1976, RM Auto Restoration is widely recognized as one of North America’s leading automobile restoration facilities, winning glowing reviews and awards from customers and industry experts alike from across the United States, Canada and Europe.
RM Auto Restoration provides a complete range of services from minor tune-ups and thorough detailing through to comprehensive frame-off restorations. The workmanship of the team has produced unprecedented accolades over the years earning numerous "Best of Show" honors at the world's top concours events, including an unmatched four “Best of Show” awards in the past decade at the prestigious Pebble Beach Concours d'Elegance in California19.
Main article: List of classic car dealers
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