Results from the 2014 Auctions at Amelia Island

As we saw coming out of the January auctions in Scottsdale, momentum continues through the auctions at Amelia Island, Florida with packed houses, enthusiastic crowds and educated buyers. The average price paid grew by 8 percent over last year. RM increased their sales by 30 percent while Gooding topped their 2013 results by more than 10 percent.

Records were again broken at all price levels and the middle market vehicles continue to bring good money, including a 1955 Volkswagen Beetle ($82,500 at RM Auctions), 1971 Mini Moke ($49,500 at RM Auctions) and 1968 Datsun 1600 ($50,600 at Gooding & Company).

The top sale of the weekend was marked by the 1939 Delahaye 135 Competition Court Torpedo Roadster by Figoni et Falaschi from the collection of the late Malcolm Pray that sold for $6,600,000 at RM Auctions, setting a marque record as well as a record for a car sold at Amelia Island.

Below are the results from RM Auctions and Gooding & Co. that took place in Amelia Island, Florida Friday and Saturday as part of the Amelia Island Concours weekend. These reports consist of the raw results as witnessed by Hagerty during the live auctions and may not include every post-sale “off the block” transaction. These numbers include the appropriate buyer’s premiums.

(photo courtesy Gooding & Company)

Amelia Island Auctions Overall Results
March 8, 2014 (Results through March 8, 2014)

Cumulative Total: $66.8M
167/179 lots sold: 93% sell-through rate
Average Sale Price: $400,048

2013 Cumulative Results
Cumulative Total: $55.0M
150/159 lots sold: 94% sell-through rate
Average Sale Price: $366,787

Overall Top 10 Sales from all auctions:
1. 1937 Delahaye 135 Competition Torpedo Roadster sold for $6,600,000 (RM)
2. 1968 Porsche 907 Longtail Coupe sold for $3,630,000 (Gooding)
3. 1959 Porsche 718 RSK Spyder sold for $3,300,000 (Gooding)
4. 1955 Ferrari 250 Europa GT Coupe sold for $2,530,000 (Gooding)
5. 1958 BMW 507 Roadster sold for $2,420,000 (RM)
6. 1964 Mercedes-Benz 300SL Roadster sold for $2,035,000 (Gooding)
7. 1957 Mercedes-Benz 300SL Roadster sold for $1,842,500 (RM)
8. 1958 BMW 507 Roadster sold for $1,815,000 (Gooding)
9. 1961 Ferrari 250 GT SII PF Cabriolet sold for $1,760,000 (RM)
10. 1934 Duesenberg Model SJ Convertible Sedan sold for $1,567,500 (RM)

RM Auctions

Overall Total: $35.9M
89/91 lots sold: 98% sell-through rate
Average Sale Price: $402,860

2013 Overall Results
Total: $26.9M
81/88 sold: 92% sell-through rate
Average Sale Price: $331,538

Overall Top 10 Sales:
1. 1937 Delahaye 135 Competition Torpedo Roadster sold for $6,600,000
2. 1958 BMW 507 Roadster sold for $2,420,000
3. 1957 Mercedes-Benz 300SL Roadster sold for $1,842,500
4. 1961 Ferrari 250 GT SII PF Cabriolet sold for $1,760,000
5. 1934 Duesenberg Model SJ Convertible Sedan sold for $1,567,500
6. 1965 Shelby Cobra Roadster sold for $990,000
7. 1965 Shelby GT350R Coupe sold for $984,500
8. 1928 Bugatti Type 37A Grand Prix Roadster sold for $962,500
9. 1937 Bugatti Type 57C Roadster sold for $902,000
10. 1932 Packard Twin Six Individual Custom Convertible Sedan sold for $840,000

Gooding & Company

Overall Total: $30.9M
78/88 lots sold: 89% sell-through rate
Average Sale Price: $396,839

2013 Overall Results
Total: $28.2M
69/71 sold: 97% sell-through rate
Average Sale Price: $408,167

Overall Top 10 Sales:
1. 1968 Porsche 907 Longtail Coupe sold for $3,630,000
2. 1959 Porsche 718 RSK Spyder sold for $3,300,000
3. 1955 Ferrari 250 Europa GT Coupe sold for $2,530,000
4. 1964 Mercedes-Benz 300SL Roadster sold for $2,035,000
5. 1958 BMW 507 Roadster sold for $1,815,000
6. 1933 Rolls-Royce Phantom II Henley Roadster sold for $1,430,000
7. 1973 Porsche 911 Carrera 2.7 RS Sport Lightweight Coupe sold for $1,402,500
8. 1956 Lancia Aurelia B24 Spider America sold for $1,292,500
9. 1988 Porsche 959 Sport Coupe sold for $1,100,000
10. 1955 Mercedes-Benz 300Sc Roadster sold for $990,000

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