Good Results at RM Auction in Fort Lauderdale
March 30, 2010 by admin · Leave a Comment
The results are in. The RM’s Collector Car Auction of Ft. Lauderdale, closed with strong results! Of a total 365 cars sold, 138 cars were from the O’Quinn car collection. Among the highlights was a 1935 Auburn 851 SC Convertible that set the event’s record with $211,750.
RM’S FORT LAUDERDALE EVENT POSTS SOLID RESULTS
Annual ‘Collector Cars of Fort Lauderdale’ event posts $16 million in sales with 79% of motor cars sold
Motor cars from the estate of Mr. John O’Quinn bring a collective $7 million
Top seller -1935 Auburn 851 SC Convertible Sedan achieves $211,750
RM to offer 12 additional cars from the O’Quinn Collection in Monaco, May 1st
RM Auctions, the world’s largest collector car auction house, completed its second March sale in the Sunshine State with the Collector Cars of Fort Lauderdale event this past weekend at the Broward County Convention Center. In all 365 cars sold achieving $16 million in total sales and a solid 79% percent sell through rate.
“The combination of interested bidders in attendance, on the phone and over the Internet produced an exciting sale in Fort Lauderdale, with many lots surpassing their pre-sale estimates,” said Donnie Gould, RM partner and 30-year veteran of the collector car market.
RM once again represented automobiles from the estate of Mr. John M. O’Quinn. A total of 138 O’Quinn motor cars, all offered without reserve, crossed the block in Fort Lauderdale, representing $6,843,000 million in sales.
The top-seller of the weekend was a well-documented and restored 1935 Auburn 851 SC Convertible Sedan, from the O’Quinn estate, which brought $211,750.
Other high sales include:
a dashing 1931 Cadillac Model 370-A V12 Convertible Coupe for $209,000;
a 2008 Lamborghini Murcielago LP640also for $209,000;
a perfectly restored 1954 Buick Skylark Convertible for $187,000;
a majestic 1935 Packard Twelve Convertible Sedan, from the O’Quinn estate, for $165,000; and,
a high-quality 1969 Ford Boss 429 Mustang, from the O’Quinn estate, for $151,250
