Auctions America by RM Posts over $6.75 Million at Debut Auburn Spring Sale

By Auto News Log • May 19th, 2011

• Auctions America by RM generates over $6.75 million with 66% of all lots sold at its inaugural Auburn Spring sale in Indiana, May 12-15, 2011
• Top-seller: a 1932 Duesenberg Model J Five-Passenger Sedan fetches $404,250
• Auctions America by RM and Carlisle Events return to Auburn, September 1st – 4th, 2011 for the Auburn Fall Collector Car Auction, Swap Meet and Car Corral

Auburn, Ind. – Auctions America by RM continued its mission to rebuild the Auburn Auction Park over the weekend, hosting a successful debut Spring sale in Auburn, Indiana, May 12 – 15.

Attracting collectors and enthusiasts from across the continent and as far away as Argentina, Belgium and Austria, the three-day Auburn Spring Collector Car Auction presented 424 automobiles and a select range of memorabilia, generating over $6.75 million in sales* with 66% of all lots sold.

“We are delighted with the results and support received for our debut Auburn Spring sale, particularly from the local Auburn community who has been very welcoming to our team. Despite unseasonal weather conditions, the event was a great success with almost 10,000 enthusiasts visiting the park over the course of the weekend,” says Donnie Gould, President, Auctions America by RM.

Gould continues, “When we purchased the Auburn Auction Park last summer, it was our vision to return the park to its former glory and re-establish the annual Spring and Fall sales as ‘must attend’ events on the global collector car calendar. Our two Auburn events to date have provided a strong foundation which we will continue to build on.”

A pair of majestic Model J Duesenbergs were the toast of the auction, returning to Indiana to claim the top sale results of the weekend. Presented before a packed house during Saturday’s session, a 1932 Duesenberg Model J Five-Passenger Sedan (pictured) achieved $404,250, while aDuesenberg Model J Dual-Cowl Phaeton from the same year brought $375,000.

Also offered on Saturday was Baseball Hall of Famer, Reggie Jackson’s1965 Shelby Mustang GT 350, which attracted lively bidding, exceeding its pre-sale estimate to sell for $247,500. The sale followed Mr. Jackson’s participation in a celebrity collector car panel discussion earlier in the day, which saw Jackson, along with Wayne Carini, Host of Chasing Classic Cars, Joe Bortz, concept car expert, and Glenn Bator, Head of Auctions America by RM’s new vintage motorcycle division, discuss the state of the market and their shared passion for the hobby.

Auburn Spring top five auction results:

1. 1932 Duesenberg Model J Five-Passenger Sedan – $404,250
2. 1932 Duesenberg Model J Dual-Cowl Phaeton – $375,000
3. 1965 Shelby Mustang GT 350 – $247,500
4. 2005 Ford GT – $176,000
5. 1938 Packard Twelve All-Weather Cabriolet – $152,900

In addition to the auction, the weekend’s program included a car corral and swap meet with over 450 spaces sold. Presented by Carlisle Events, the car corral saw many vehicles exchange hands over the course of the weekend, while the swap meet proved a treasure chest for enthusiasts, featuring a wide selection of performance parts, porcelain and neon signs, gas pumps, memorabilia and more.

“We were thrilled to welcome the Carlisle Events team to Auburn for the first time and look forward to joining forces with them again in the Fall,” says Gould.

Bill Miller III, partner, Carlisle Events comments, “Following a highly successful Spring Carlisle Event last month, it was wonderful to partner with the Auctions America by RM team for another great collector car weekend, this time at their Auburn headquarters. I used to attend the Auburn Spring and Fall sales as a child and look forward to continuing to work with the Auctions America team to rebuild the park and return it to its heyday.”

Auctions America by RM and Carlisle Events return to Auburn, September 1st – 4th for the Auburn Fall Collector Car Auction, Swap Meet & Car Corral. A long-standing Labor Day tradition, the auction will feature over 1200 American classics, Detroit muscle, customs and hot rods, in addition to Auction America’s first extensive bike offering since announcing the development of its new vintage motorcycle division last month.

For further information on upcoming events, or to view full sale results from the weekend, please visit www.auctionsamerica.com.

*Results are listed in USD and include 10% buyers’ premium for automobiles.

About Auctions America by RM

Auctions America by RM was formed in July 2010 as a subsidiary of the world’s largest collector car auction house, RM Auctions. It is headquartered in Auburn, Indiana at its 235-acre Auburn Auction Park and will host five multi-day events in 2011. The Auctions America by RM team, led by collector car expert Donnie Gould, specializes in American classics, Detroit muscle, hot rods, customs, and vintage motorcycles. To learn more about Auctions America by RM and its calendar of events, please visit www.auctionsamerica.com or join us on Facebook.

Media contacts:

Auctions America by RM:
Amy Christie
+1 734 649 9156
amy@auctionsamerica.com

Carlisle Events:
Chris Hann
+1 717 254 0027
chrish@carlisleevents.com

Source: Auctions America by RM

 

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