Art News

RM tops 2011 Pebble Beach auction results with record $80 million in sales

BLENHEIM, ON.- RM Auctions confirmed its standing as the world’s leading collector car auction house for investment-quality automobiles on the weekend, posting the highest auction results of this year’s famed Pebble Beach motoring week with a record $80,142,000* in total sales, including a select series of private after sales, and 88% of all lots sold. The impressive results tally – up from $67 million in 2010 – represents the highest auction results ever achieved during the Monterey classic car week and includes 14 individual million-dollar-plus sale results. In addition, the sale established a number of new auction records, including that for the highest dollar single-day collector car auction in history** with over $60.5 million in sales generated during RM’s Saturday sale session on August 20. Additional records included the sale of an exceptional 1937 Mercedes-Benz 540 K Spezial Roadster, chas