Single-Owner Private Classic Car Collections Bring HUGE Prices at $15.6 Million Hershey Sale!
RM Auctions sold some seriously impressive cars at its 13th annual Hershey sale, making $15.6 million and selling 97 percent of the lots. The auction ran over two-evenings and auctioned over 200 classic cars, the majority offered from impressive single-owner collections, along with a large variety of classic car memorabilia gracing the auction stage. Nearly 25 percent of bidders turned out to be first-time clientele, and bidders came from all over the world, over 23 countries to be exact!
A stunning 1930 Cadillac V-16 Sport Phaeton by Fleetwood was the star of the show, presenting the opportunity to obtain potentially the most widely known V-16 sport phaeton around today. It went for a whopping $1,221,000. Other incredible cars up for auction included a sumptuously restored 1911 Oldsmobile Model 28 Autocrat Roadster offered from the Noted Collection of Mr. Jim Bradley which sold for $495,000, a 1931 Marmon Sixteen Coupe (one-of-six!) offered from the Collection of Jack Dunning brought $550,000, rare 1900 Rockwell Hansom Cab, the first motorized taxi in NYC, offered during an entire evening dedicated to the Merrick Auto Museum Collection and finally a 1925 Duesenberg Model A Four-Passenger Sport Phaeton by Millspaugh & Irish, equipped with a race-bred overhead-cam eight-cylinder, which fetched $236,500.
“Hershey has proved once again to be the perfect destination for the offering of private collections and important early automotive design,” said Gord Duff, Global Head of Auctions, RM Sotheby’s Group, following the auction.“Both sale nights saw numerous lots secure prices well above their pre-sale estimates, demonstrating a very strong interest in historic American motor cars. We also saw continued lively bidding in the auction room and from clients participating remotely via phone and internet for rare cars from single-owner collections offered without reserve. We could not be more pleased with this year’s results, a show of strength for the Brass and Classic era market.”
Visit RM Sotheby’s website to see the entire collection of beautiful classic cars offered, all of the results from the auction and a list of RM Sotheby's upcoming auctions.