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RM Auctions in Monterey

It seemed everyone was anxious to see whether or not the market could digest everything that RM Auctions had on offer in Monterey. On Saturday night 14 cars crossed the block and passed the million dollar mark which contributed to the event’s 95% sale rate. Not included in this count was the Ferrari 250 TR which fetched a top bid of $10,700,000 but didn’t meet the reserve. The figure would have been higher with a proper livery or if it wasn’t rebodied in 1963 as a coupe.

On Thursday RM staged a Ford-only night with many cars from the company’s own collection. All of Ford’s own cars benefited The Children’€™s Center based in Michigan and there was some exceptional deals. Take for instance the 2002 Lincoln Continental Concept. Powered by an Aston Martin V12 and equipped with a custom body and interior this functional concept sold for $56,100.

Both Friday and Saturday had an impressive lineup which RM called their best to date. With too many highlights to list, we instead refer you to our feature gallery which includes all the prices realized. Among the European cars, we thought the 1978 Lamborghini Silhouette at $60,500 was a good buy.