Record set R
M Sotheby’s, the world’s largest auction house for investment-quality vehicles, generated an outstanding US$70.9M in sales, with 90 per cent of all lots sold at its 19th annual Amelia Island sale on March 12, 2017. A new benchmark for an Amelia Island auction, the impressive total comfortably exceeds the combined tally of all the other auctions held during this year’s Amelia weekend.
Leading Sotheby’s string of 19 individual million-dollar-plus sales and claiming top honours was a striking 1937 Bugatti Type 57S Cabriolet, one of only three examples sporting rare coachwork by Vanvooren of Paris. Offered for public sale for the first time in its 80-year history, the Type 57S sold for US$7.7M. Just moments prior to the Bugatti’s sale, a well-known 1929 Stutz Model M Supercharged Coupe, one of only three supercharged Stutzes in existence, proved that demand remains strong for great American classics at auction, selling for US$1.705M against a presale estimate of US$1–1.2M.
Other noteworthy sales include the 5694-mile 1995 Ferrari F50, originally delivered to famed heavyweight champion boxer Mike Tyson, which sold for an above-estimate US$2.64M and a 1938 Graham 97 Supercharged Cabriolet, exquisitely restored by RM Auto Restoration, which set a new benchmark for a Graham at auction with its strong US$770K final price.