RM Auctions Yields $11.5m at ‘Car of Dreams’ Museum Sale

By Paul Joseph

Canadian auction house giants RM Auctions completed its 2012 calendar of events in style on Saturday, generating more than $11.5 million in sales at its John Staluppi ‘Cars ofDreams’ Collection sale in North Palm Beach, Florida.

Consisting of a decade’s worth of collecting by renowned entrepreneur John Staluppi, the single-day auction presented a stunning range of American automobiles and memorabilia before a standing-room only crowd.

Notable sales included a 1956 Cadillac Series 62 Convertible for $299,750 – a new world record for a 1956 Cadillac Convertible sold at auction – and a 1968 Shelby Mustang GT500-KR Convertible for $264,000.

But perhaps the most striking lot of the event was the sale of a historic 1918 Herschell-Spillman 32’ Carousel. Fully operational after restoration, the carousel sold for an impressive $460,000.

“We’re thrilled with the results from the John Staluppi ‘Cars of Dreams’ Museum sale,” said Donnie Gould, Partner & Specialist at RM Auctions.

“Well-respected in the hobby, John had a very precise collecting philosophy that focused on securing only the ‘best of the very best’. The results from the sale reflect the great quality and presentation of the offering.”

RM Auctions will kick off its 2013 auction season in Phoenix, Arizona in January, followed by the presentation of the Bruce Weiner Microcar Museum Collection - a collection of the world’s smallest cars - in Madison, Georgia in February.

By Paul Joseph