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RM Sotheby’s ‘game-changing’ London sale brings $28.7 million

RM Sotheby’s celebrated its 10th anniversary in London this week with a "game changing" sale, setting numerous records on the way to a total of £21.65 million ($28.79 million).
The auction saw bids fly in from 33 countries around the world, with more than a third placed by first-time clients.

Leading the sale was a matching-numbers 1960 Aston Martin DB4GT, one of just 75 factory-built examples, which sold for £2,408,000 ($3.2 million), setting a new world record price for a factory-bodied model at auction

Central to the auction was a remarkable single-owner Porsche collection, which achieved a combined total of £4.72 million ($6.27 million), and set four notable new world auction records.

Top of the list was a 1995 Porsche 911 GT2 which sold for £1,848,000 ($2.45 million), surpassing the previous record for the model by more than £1 million.

It was followed by a 1993 Porsche 911 Turbo S Lightweight which fetched £974,400 ($1.29 million); a 1993 Porsche 911 Carrera RS which realized £716,800 ($953,430); and a 1995 Porsche 911 Carrera RS Clubsport which sold for £403,200 ($536,300).

Further notable results from the London sale included a 1960 Ferrari 250 GT Cabriolet Series II which sold for £1,288,000 ($1.71 million); a 1939 Alfa Romeo 6C 2500 Sport Cabriolet which sold for £952,000 ($1.26 million); and a 1963 Aston Martin DB4 Series V Convertible which also sold for £952,000 ($1.26 million).

"Our 10th anniversary London sale has been a game-changer for a number of reasons”, said Peter Wallman, Managing Director, RM Sotheby’s Europe. "Clearly, the Porsche Collection generated some remarkable results, however from the evening preview to the sale itself there was an energy that hasn’t been seen in European auction rooms for a little while.

"This year’s auction tally is within a whisker of RM’s best ever, peak-of-the-market, London sale totals. We offered cars spanning 117 years and from £5,000 to £2,400,000, so the sale was representative of almost all areas of the market. Good cars, well presented with sensible estimates are selling strongly, and that is good news for the market as a whole."

Next up for RM Sotheby’s in another 10th anniversary auction, this time in Hershey, Pennsylvania, on October 6-7, before it rounds off 2016 with a private collection sale in Northern Italy in the late Autumn.

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