RM Auctions and Gooding classic car sales in Amelia Island in 2014 saw 14 cars selling for over a million dollars and a new marque record for a Delahaye.
The classic car auctions by RM Auctions and Gooding & Co accompanying the 2014 Amelia Island, Florida Concourse d’Elegance set new records. The top price was the $6,600,000 achieved at the RM Auction for a 1937 Delahaye – simultaneously the highest price ever paid for a Delahaye car and the highest price ever paid at an Amelia Island auction. Gooding’s top result was for a 1968 Porsche 907 Longtail racer that achieved $3,630,000. New model records were set for a BMW 507 and Mercedes Benz 300 SL Roadster. For once, Ferraris played a minor role at both auctions.
Top Amelia Island Auction 2014 Results
The following cars achieved a million dollar or more at the RM Auctions and Gooding & Co Amelia Island 2014 sales:
|Year||Car||Auction House||$ Price|
|1||1939||Delahaye 135 Competition Court Torpedo Roadster by Figoni et Falaschi||RM||6’600’000|
|2||1968||Porsche 907 Longtail||Gooding||3’630’000|
|3||1959||Porsche 718 RSK||Gooding||3’300’000|
|4||1955||Ferrari 250 Europa GT||Gooding||2’530’000|
|5||1958||BMW 507 Series II||RM||2’420’000|
|6||1964||Mercedes Benz 300 SL Roadster||Gooding||2’035’000|
|7||1957||Mercedes Benz 300 SL Roadster||RM||1’842’500|
|8||1958||BMW 507 Series II||Gooding||1’815’000|
|9||1961||Ferrari 250 GT Series II Cabriolet||RM||1’760’000|
|10||1934||Duesenberg Model SJ Convertible Sedan by LeBaron||RM||1’567’500|
|11||1933||Rolls Royce Phnatom II Henley Roadster||Gooding||1’430’000|
|12||1973||Porsche 911 Carrera 2.7 RS Lightweight||Gooding||1’402’500|
|13||1956||Lancia Aurelia B24S Spider America||Gooding||1’292’500|
|14||1988||Porsche 959 Sport||Gooding||1’100’000|
RM Auctions Amelia Island 2014 Results
RM Auctions set a new record for Amelia Island when a 1939 Delahaye 135 Competition Court Torpedo Roadster by Figoni et Falaschi achieved $6,600,000. This was also a new record for the marque and twice the highest price previously paid for Delahaye car.
RM Auctions’ Amelia Island 2014 sale achieved $36 million with a remarkable sell-through rate of 97% on 91 cars on offer. Five cars sold for over a million dollars each.
In addition to the record-setting Delahaye, a new record was set for a BMW 507 and Natalie Wood’s Mercedes Benz 300 SL also sold above expectations – see below.
Only the fourth highest price was achieved by a Ferrari while an interwar Duesenberg also achieved more than a million dollars. Two 1965 Shelbys – a 289 Cobra and a Mustang GT350 R – missed out on the million dollar mark by $10,000 and $15,500 respectively.
Gooding & Co Amelia Island 2014 Auction Results
Gooding & Company’s Amelia Island 2014 auction achieved $30.9 million with 9 cars selling for over a million dollars. The auction house sold 78 of 88 lots for a sell through rate of 89% and an average price of $396,839. Gooding set 15 new model records including for the Porsche 907, 911 Carrera RS, Ferrari 250 Europa GT and for a Mercedes Benz 300 SL Roadster.
As at the Amelia Island RM Auction, Ferraris played a relatively minor role at the Gooding sale. Only the 1955 Ferrari 250 Europa GT achieved over a million dollar but set a model auction record in the process. Top Ferrari prices are more commonly expected at the summer week on Monterey Peninsula in California.
The 1968 Porsche 907 won the Daytona – the first ever overall victory for a Porsche in a 24 hour race. Gooding’s top two results were for Porsche racing cars with a further two Porsche cars achieving over a million dollars each. Porsche 959 models have been more common at recent sales although mostly just missing out on the million-dollar mark – a 959 Vorserie at RM Auctions achieved $687,500.
Mercedes Benz 300 SL at Amelia Island Auctions
Mercedes Benz 300 SL cars from the 1950s and early 1960s have increased phenomenally in value in recent years. At least 13 Mercedes Benz 300 SL cars have sold for over a million dollars each thus far in 2014.
Many experts believe it is only a matter of time before buyers will realize that these very desirable cars are not particularly rare and that these high prices may not be sustainable in the long run. More than 3,000 were built in various formats and most have survived.
RM Auctions achieved $1,842,500 for the 1957 Mercedes Benz 300 SL Roadster that originally belonged to Natalie Wood – the car is fortunately no longer in pink.
Gooding’s set a new record for a Mercedes Benz 300 SL Roadster when a 1964 garage find in original but unrestored condition sold for just over two million dollars. The recent irrational craze for barn finds, where unrestored cars sold for more than ones in concourse condition, seems to be continuing.
BMW 507 at Amelia Island Auctions 2014
In contrast to the 300 SL, which was produced over a decade, BMW 507 cars are far harder to find. Only 251 were ever built and BMW reportedly lost money on each of them.
After a BMW 507 sold at the RM Auctions / Sotheby’s New York Art of the Automobile sale in November 2013 for a record $1,650,000, several 507s have came up for sale.
Gooding’s set a new model record at Amelia Island when a 1958 BMW 507 Series II achieved $1,815,000. However, a day later, a new record was again set at the RM Auctions Amelia Island 2014 sale when a 1958 BMW 507 Series II from the Pray Collection sold for $2,420,000.