A rare Canadian-built 1951 Monarch convertible sold for a record $192,500 at a recent auction in Ontario, and it went to an unnamed American car collector.
The 1951 Monarch was a Canada-only Ford Motor Co. product that shared sheet metal with corresponding American Mercurys that year.
The sale of the impeccably restored, award-winning Monarch is reported to be the highest price ever paid for a Canadian car. It went under the hammer at RM’s annual spring “Classic Car Auction of Toronto” event in Mississauga, Ontario, April 3-5.
RM noted that the 1,000-point show car, originally built in Windsor, Ontario, is one of only four known examples and one of several cars offered at the event that were built in Canada.
The one-of-a-kind model featured fender skirts, power steering and leather power seats, and was painted a rare Fezz Red.
Sales in general at the weekend event were considered strong by RM. “We are very pleased with the increase of new visitors and the gavel prices on the auction block,” remarked RM’s veteran car specialist, Dan Spendick. “Most surprising is the number of inquiries from consignors for our Toronto fall event, indicating the market remains positive.”
The next RM event on the car calendar is the annual Classic Car Auction of Michigan, which will offer several hundred collector vehicles on April - 25 at the Rock Financial Showplace in Novi, Mich. RM will return to Toronto for its fall sale October 23-25.
CLICK HEREfor complete results of the spring Toronto auction