Auction Recap: RM Sotheby’s Motor City 2015

1935 Duesenberg SJ Dual Cowl Phaeton, duesenberg sj auction, duesenberg sj for sale, rm sothebys duesenberg

RM Sotheby’s concluded its 21st annual Motor City auction in Plymouth, Mich., on July 25 with a sales total of $7,402,450 and an average sale price of $119,394. Of the 78 cars offered, 62 sold, for a sell-through rate of 79%. These numbers are roughly the same as last year, when RM achieved $7,421,150 in total sales, an average sale price of $123,686 and a sell-through rate of 77% (60 sold out of 78 offered).

Predictably, the top sales of the day were large prewar American luxury automobiles, led by the ex-Lucius B. Manning Duesenberg Model SJ Dual Cowl Phaeton for $852,500. This year, though, RM brought out several European automobiles and late model collector cars, and big sales in the modern category included a ubiquitous low-mileage 2005 Ford GT at $319,000, a 2001 BMW Z8 at $192,500 and a 1988 Lamborghini LM002 for an identical (but a huge result for this model) $192,500. Strong sales at the lower end of the price spectrum included a 1984 Corvette that brought a staggering $19,250 and a 1972 BMW 2002 for an equally surprising $38,500.

Top 10:

  1. 1935 Duesenberg Model SJ Dual-Cowl Phaeton  sold for $852,500
  2. 1933 Packard Twelve Individual Custom Sport Phaeton sold for $506,000
  3. 1934 Auburn Twelve Salon Speedster sold for $506,000
  4. 2005 Ford GT sold for $319,000
  5. 1930 Packard Deluxe Eight Dual-Cowl Sport Phaeton sold for $308,000
  6. 1929 Stutz Model M Four-Passenger Speedster sold for $302,500
  7. 1934 Pierce-Arrow Twelve Convertible Coupe Roadster sold for $297,000
  8. 1938 Packard Super Eight Sedanca deVille sold for $220,000
  9. 1968 Shelby GT500 KR Convertible sold for $203,500
  10. 2001 BMW Z8 sold for $192,500
  11. 1988 Lamborghini LM002 sold for $192,500

RM’s next collector car auction in Monterey is right around the corner and will take place on Aug. 13-15. As always, it will feature a docket full of top-tier collector cars and is one of the most important sales of the year.

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