RM Auctions 2009 London results

RM Auctions 2009 London results

Good result from RM Auctions at their London sale - including this pretty fab De Tomaso Pantera - a very cheap GT40 alternative?

Interesting results from RM - they got good sales result - but the prices overall tended to reflect the current apathy for spending any money - but they should be pleased with the results.

Best buys? - Well I thought the ex-Marc Bolan/Earls Court Motorshow Ferrari Daytona although in the pre-sale estimate price range at £132k  - was a good buy  - nice provenance - good condition and desirable S1 plexi glass lights spec. A versatile useable classic - whats this going to be worth when people feel more  positive about the economic outlook - the vendor is certainly not going to lose money on this deal.

Daytona details below:http://www.rmauctions.com/CarDetails.cfm?SaleCode=LF09&CarID=r168&Currency=GBP

The much hyped 1963 ATS 2500 GT 3.0 Litre Coupé - sold for well shy of the £600k-£1m estimate at £308k. You are not going to see another one....

ATS details below:http://www.rmauctions.com/CarDetails.cfm?SaleCode=LF09&CarID=r151&Currency=GBP

The DB2 - while undeniably a highly historic car with mega provenance - just does not flick my switch - the hyped CLK sales below - what would you do with these cars? Undoubtedly suitable for cruising the streets of Dubai though....

No the mega deal must be the 1974 De Tomaso Pantera Gr. 4 Competition Coupé.

Here are the numbers:

It sold for £159k - pre-sale estimate was £190-£240k.

It weighs 1180kg and has an endurance spec 560 bhp lump - so it's going to be brisk.

Here is an excerpt from the sales blurb in the catalogue - which sums it beautifully...

"This De Tomaso Pantera Gr. IV offers its new owner GT40 levels of power for a fraction of the price and a period competition history that renders it eligible for many of the main historic race series and events – from the Le Mans Classic and the Classic Endurance Series to the Tour Auto and Tour Britannia. It can be road registered and in the right hands could be very competitive against the Gr. IV Ferrari 365 GTB/4 Daytonas or the Porsche 911 RSRs. It is tremendously powerful and, as stated by the vendor, ”you certainly will not get bored with over 500 bhp under your right foot!”

Basically £159k bought a car eligible for top drawer events like the Le Mans Classic/Tour Auto - with 500 BHP/tonne....a steal.

Details of the Detomaso here - http://www.rmauctions.com/CarDetails.cfm?SaleCode=LF09&CarID=r130&Currency=GBP

RM release below

Full list of results here:

http://www.rmauctions.com/auctionresults.cfm?SaleCode=LF09

RM AUCTIONS ROUNDS OUT 2009 WITH IMPRESSIVE RESULTS IN LONDONRM Auctions concluded its 2009 auction season on a high note in London on 28th October, posting £11 million in total sales with a strong 87% of all lots sold at the third-annual ‘Automobiles of London’ event.

Attracting strong international interest from bidders in the room, on the phone and over the internet, the single-day sale interestingly saw cars offered from 11 countries selling to buyers hailing from a different set of 11 countries.

The star attraction was a historic 1950 Aston Martin DB2 Team Car ‘VMF 64’ with Le Mans and Mille Miglia provenance, offered for the first time in 52 years and selling for £550,000 to set a new world record for an Aston Martin DB2 sold at auction.

The top seller of the night was a 2006 Mercedes-Benz CLK GTR Roadster, the only right-hand drive example built, for £616,000. An equally rare 2005 Mercedes-Benz CLK GTR Coupé achieved an impressive £522,500, while a beautiful 1929 Alfa Romeo 6C 1750 GS went for the same amount. Rounding out the top five sales was a 1914 Rolls-Royce Silver Ghost Boat-Tail Skiff selling for £473,000.

Another highlight of the evening was the sale of the second part of the distinguished Edgar Schermerhorn Collection, featuring an impressive selection of memorabilia and coach built motor cars. The collection, headlined by a 1938 Bugatti Type 57C Stelvio selling for £440,000, achieved £1.5 million.

Overall, 13 lots exceeded their high estimates, most notably a 1969 Mercedes-Benz 600 Pullman Landaulet in original, unrestored condition, that went for nearly five times its original high estimate of £60,000 to sell for a remarkable £308,000.

Top Sales:2006 Mercedes-Benz CLK GTR Roadster£6160001950 Aston Martin DB2 Team Car£5500002005 Mercedes-Benz CLK GTR Coupé£5225001929 Alfa Romeo 6C 1750 GS£5225001914 Rolls-Royce Silver Ghost Boat-Tail Skiff£4730001966 Ferrari 275 GTB NART Spyder Conversion£4675001954 Mercedes-Benz 300SL AMG Coupé£4620001938 Bugatti Type 57C Stelvio£4400001928 Rolls-Royce Phantom I Torpedo£4290001966 Aston Martin DB6 Volante£368500