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By Jordan Aquistapace –  March 07, 2024

ModaMiami 2024 Ignites A Record-Breaking $50M Auction For...

This past weekend, The Biltmore Hotel in Coral Gables, Florida, became the center of automotive excellence as ModaMiami made its grand debut. With over 8,000 attendees, the event has quickly positioned itself as a premier luxury lifestyle and automotive event on the East Coast. Drawing a global crowd, ModaMiami showcased over 250 of the world's rarest automobiles, including eight Pebble Beach Concours d'Elegance Best of Show winners. The event marked a significant moment for RM Sotheby’s, which saw a triumphant return to Miami with over $50 million in sales during the highly-anticipated auction. New Records 1966 Porsche 906 Carrera 6 - Sold in Miami for $2,205,000 (Previous Record: $2,040,000) 2010 Bugatti Veyron 16.4 Grand Sport 'Sang Bleu' - Sold in Miami for $3,085,000 (Previous Record: $2,640,000) 1953 Ferrari 250 Europa Coupe by Vignale - Sold in Miami for $4,295,000 (Previous Record: $3,300,000) The success highlights the event’s new reputation as one of the most eagerly awaited gatherings globally, showcasing everything from Ferrari F40s to the historic Duesenbergs and even classic boats and airplanes. Among the heavy hitters, the 1953 Ferrari 250 Europa Coupe by Vignale stole the show with a selling price of $4.295 million, setting a new world record for the model. Additionally, the 1930 Duesenberg Model J and the 2010 Bugatti Veyron 16.4 Grand Sport 'Sang Bleu' also fetched massive, seven-figure bids. Top 10 Lots Sold 1) 1953 Ferrari 250 Europa Coupe by Vignale - $4,295,000 2) 1930 Duesenberg Model J 'Disappearing Top' Convertible Coupe by Murphy - $3,855,000 3) 1990 Ferrari F40 - $3,360,000 4) 2010 Bugatti Veyron 16.4 Grand Sport 'Sang Bleu' - $3,085,000 5) 1963 Mercedes-Benz 300 SL Roadster - $2,260,000 6) 1939 Mercedes-Benz 540 K Special Cabriolet A by Sindelfingen - $2,205,000 7) 1966 Porsche 906 Carrera 6 - $2,205,000 8) 2005 Porsche Carrera GT - $1,721,000 9) 1998 RUF Turbo R - $1,517,500 10) 2017 Ferrari F12tdf - $1,242,500 ModaMiami exceeded the expectations of a conventional automotive event by offering experiences like the Moda Drive and the Magic Hour at Moda, along with the ModaMiami Cruise, allowing attendees to immerse themselves fully in the luxury car collector lifestyle. The event’s approach to celebrating the 'best of collection' rather than traditional judging resonated well with guests, setting ModaMiami apart as a must-attend event for avid car collectors and enthusiasts. View all RM Sotheby's inventory for sale on duPont REGISTRY by clicking the link below. View All RM Sotheby's Inventory Source: RM Sotheby's

250 Main

By Jordan Aquistapace –  February 07, 2024

RM Sotheby's Reports Over $811 Million In Global Public S...

In 2023, RM Sotheby's soared to over $811 million in sales, marking a historic year with unforgettable car auctions. 2023 was nothing short of sensational for the luxury auction professionals RM Sotheby's, as they capped off the 2023 year with a jaw-dropping $811 million in sales. This monumental achievement is an example of RM Sotheby's expertise in the world of luxury and classic collector cars. From live auctions to online events and its ultra-exclusive Sotheby's Sealed program, they've found endless ways to bring the action to you. The auction house reported a sell-through rate of 96% across its multiple sales platforms, including 16 live auctions, five online auctions, and 11 Sotheby's Sealed auctions. What's more interesting is that nearly half of those in attendance were first-time bidders, flexing RM Sotheby's continuous popularity in the collector's market. Top 10 Live Auction Results for the Year 1962 Ferrari 330 LM / 250 GTO by Scaglietti sold for $51,705,000 USD in New York in 2023 2013 Mercedes-AMG Petronas F1 W04 sold for $18,815,000 USD at Las Vegas 2023 1957 Jaguar XKSS sold for $13,205,000 USD at Monterey 2023 1972 Ferrari 312 PB sold for $12,996,266 USD at Villa Erba 2023 2022 Bugatti Chiron Profilée sold for $10,622,806 USD at Paris 2023 2002 Mercedes-Benz CLK GTR Roadster sold for $10,235,000 USD at Las Vegas 2023 1961 Ferrari 250 GT SWB Berlinetta by Scaglietti sold for $7,107,881 USD at Villa Erba 2023 1959 Ferrari 410 Superamerica Coupe Series III by Pinin Farina sold for $6,605,000 USD at Monterey 2023 1955 Ferrari 121 LM Spider by Scaglietti sold for $6,169,857 USD at Le Mans 2023 1967 Ferrari 275 GTB/4 by Scaglietti sold for $5,395,000 USD at Monterey 2023 The big money sales included the auction of a 1962 Ferrari 330 LM / 250 GTO by Scaglietti, which sold for a whopping $51.7 million, making it the the most valuable Ferrari ever sold. Additionally, the sale of Lewis Hamilton's 2013 Mercedes-AMG Petronas F1 W04 for $18.8 million broke records as the most valuable modern Formula One car ever auctioned. The Monterey auction also made waves with $164 million in sales, featuring the unique Lost & Found Collection. And let's not forget Sotheby's Sealed and Private Treaty sales, which offered exceptional examples, including two exceptional ex-Michael Schumacher F1 Ferrari race cars. As RM Sotheby's gears up for 2024 with plans to expand into the Middle East and launch new sales in the USA and EMEA, it's clear they're driving into the future with ambitious goals. View all RM Sotheby's inventory for sale on duPont REGISTRY by clicking the link below. View All RM Sotheby's Inventory Source: RM Sotheby's

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