{"id":371156,"date":"2016-08-23T20:00:18","date_gmt":"2016-08-24T00:00:18","guid":{"rendered":"https:\/\/sportscardigest.com\/?p=100980"},"modified":"2024-12-06T03:44:59","modified_gmt":"2024-12-06T03:44:59","slug":"rm-sothebys-monterey-2016-auction-results","status":"publish","type":"post","link":"https:\/\/www.supercars.net\/blog\/rm-sothebys-monterey-2016-auction-results\/","title":{"rendered":"RM Sotheby’s Monterey (2016) – Auction Results"},"content":{"rendered":"

The RM Sotheby’s Monterey 2016 auction was held August 19-20 at the Portola Hotel and Monterey Convention Center in Monterey, California, resulting in $117.9 million in total sales and an 82 percent sell-through rate at its flagship sale during the Pebble Beach Car Week.<\/p>\n

\u201cThis year\u2019s Monterey auction once again reinforced the notion that if you offer some of the most special and unique motor cars in the world, on the global stage at RM\u2019s flagship event during the Pebble Beach weekend, anything can happen and records will be broken,\u201d says Ian Kelleher, Managing Director, RM Sotheby\u2019s West Coast Division.<\/p>\n

Due to construction at the event venue, the 2016 RM Monterey sale presented a smaller offering this year (a total of 100 cars versus the 150 vehicles presented in 2015, including 25 from the Pinnacle Portfolio), though the quality of entries remained high, with 21 vehicles commanding million-dollar-plus results, including three vehicles exceeding $13 million.<\/p>\n

One of the most exciting auction moments of the weekend came when the 1956 Le Mans-winning Jaguar D-Type, XKD 501, roared onto the stage before a packed audience during the Friday (August 19) sale session. The first D-Type supplied by Jaguar to a privateer team, XKD 501 was sold new to Scottish racing team, Ecurie Ecosse, who campaigned it to victory at the 1956 24 Hours of Le Mans. Offered in Monterey following almost two decades in one of America\u2019s leading collections, the Jaguar was the subject of a 15-minute bidding contest between four collectors before selling for a final $21.78 million. The result ranks the car as the most valuable vehicle sold during this year\u2019s Monterey auctions, in addition to representing a record price for any British car sold at auction.<\/p>\n

The sale of the D-Type was closely followed by an American legend: CSX 2000, the very first Shelby Cobra. One of the most anticipated lots of this year\u2019s Monterey week, the Shelby was constructed and kept from new by Carroll Shelby and never left his care. Offered in Monterey by the Carroll Hall Shelby Trust, it entered the auction room on Friday (driven by Carroll Shelby\u2019s grandson, Aaron Shelby) to a sea of camera flashes and applause, before climbing to a $13.75 million — a new benchmark for an American car at auction.<\/p>\n

The auction continued on Saturday evening, led by the 1939 Alfa Romeo 8C 2900B Lungo Touring Spider from the Sam and Emily Mann Collection. Chassis 412041 was the first Alfa \u201c2.9\u201d to be offered for public sale this century. Bidding on the Alfa opened at $14 million, quickly jumping in $500,000 increments before selling for a final $19.8 million. The second highest price paid for an automobile during this year\u2019s Monterey auctions, the result represents a record for any pre-war automobile at auction and, along with the D-Type, secures the Alfa a spot on the list of most valuable cars ever sold at auction.<\/p>\n

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Additional notable sales from RM Sotheby\u2019s two-day Monterey sale included:<\/p>\n