RM Auctions Car Sale Yields Over £5 million

By P. Joseph

RM Auctions, the world’s largest collector auction house for investment-quality automobiles, secured £5.1 million in classic car sales at its debut Salon Privé sale in west London last night.

Held in conjunction with the Salon Privé Luxury Super Car Show and Concours d’Elegance, the ‘Quintessentially English’ summer sale presented 57 British-made automobiles and motorcycles before a packed house.

Headlining the top-sellers list were iconic British marques Bentley and Aston Martin, attracting strong interest and lively bidding in the room, on the phones and over the internet.

A 1929 Bentley Speed Six “Le Mans” Style Tourer claimed the top sale of the evening, yielding £470,400, while a 1961 Aston Martin DB4 Vantage Convertible, previously owned by actor Sir Peter Ustinov, spurred a lively bidding war to realise a final sales price of £431,200 – over £110,000 more than its pre-sale high estimate.

Another notable sale was a 1959 Jaguar XK150 3.8S Roadster for £201,600 – making it one of the most valuable XK150’s ever sold at auction.

Max Girardo, Managing Director, RM Europe, said: “We are very pleased with the results from our debut sale at Salon Privé. Strong bidding demonstrated the strength of the market for quality British cars.

“Aston Martins in particular have performed exceptionally well in recent months – a theme that was again evident at yesterday’s sale with spirited bidding and strong results achieved across the board.”

Topping the motorcycle sales was a rare 1939 Brough Superior 11.50 V-Twin for £36,960 and a 1960 BSA Gold Star for £21,280.

RM Auctions returns to England in October for its annual sale at Battersea Park in south London.

By P. Joseph