RM Sotheby's Elkhart sale takes in $44 million

RM Sotheby's sees $44 million in sales with a 100% sell through at the Elkhart, Indiana sale October 23-24
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1952 Ferrari 225 S Berlinetta by Vignale

1952 Ferrari 225 S Berlinetta by Vignale

BLENHEIM, Ontario – This past weekend, October 23-24, RM Sotheby’s presented the Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Featuring over 240 highly collectable cars and a wide selection of memorabilia offered almost entirely without reserve, the two-day auction executed on behalf of trustees of U.S. Bankruptcy Court saw spirited bidding activity both in the auction room and remotely from no less than 2,500 bidders from 53 countries, with 55 percent of bidders representing first-time RM Sotheby’s clientele.

LEFT: 1955 Cooper-Jaguar T38 Mk II RIGHT: 1953 Fiat 8V Supersonic by Ghia

LEFT: 1955 Cooper-Jaguar T38 Mk II RIGHT: 1953 Fiat 8V Supersonic by Ghia

Strong prices were achieved across both sale days with a total of eight motor cars achieving in excess of $1,000,000. The undoubted star of the auction was a rare and beautifully finished 1952 Ferrari 225 S Berlinetta by Vignale, which sold for a final $2,810,000 during the Saturday sale session. The fifth of an estimated 21 examples built, the 225 S Berlinetta was highly competitive in period, having finished 2nd overall at the 1952 12 Hours of Casablanca, 4th overall at the 1952 Monaco Grand Prix, and 10th overall at the 1952 Mille Miglia, among other events. Another rare competition car also snagged one of the top five sale slots, a 1955 Cooper-Jaguar T38 Mk II, selling for $1,765,000. The second of a mere three examples built of this unique Cooper design powered by Jaguar’s racing-specification XK engine, the highly authentic Cooper-Jaguar saw six victories at Goodwood and Silverstone in the 1956 and ’57 seasons and today has been recommissioned by marque specialists for recent participation in prestigious international events.

LEFT: 1954 Fiat 8V Coupe by Vignale RIGHT: 1954 Fiat 8V Coupe by Vignale

LEFT: 1954 Fiat 8V Coupe by Vignale RIGHT: 1954 Fiat 8V Coupe by Vignale

Rare and sought-after Fiats within the collection also drew much pre-sale attention, as well as in the auction room, with a one-of-15 1953 Fiat 8V Supersonic by Ghia, originally delivered to famed General Motors designer Henry S. Lauve, leading the pack and taking the top second sale slot at $2,040,000. Following close behind was a unique pair of 1954 Fiat 8V Coupes by Vignale, the first of which was based upon the famous Demon Rouge design and the second of which wears stunning, subtle coachwork and is believed to have been exhibited at the VII Concorso d’Eleganza di Roma in 1954. The two Otto Vu examples achieved $907,000 and $775,000, respectively.

LEFT: 1957 Jaguar XKSS Continuation RIGHT: 1963 Jaguar E-Type Lightweight Continuation

LEFT: 1957 Jaguar XKSS Continuation RIGHT: 1963 Jaguar E-Type Lightweight Continuation

Also claiming spots within the top ten were three extremely rare Jaguar continuation cars— believed to be the first example offered publicly, a 1957 XKSS, one of nine examples produced, sold for $1,985,000; an as-new 1963 E-Type Lightweight, known as “Car 0”, the first of seven built by Jaguar Classic and used as the North American press car, brought $1,710,000; and a 1955 D-Type, one of 25 D-Types produced by Jaguar Heritage and finished in the iconic Scottish Racing Blue of Ecurie Ecosse, generated a final $1,325,000.

Additional standout highlights include a 1955 Mercedes-Benz 300 SL Gullwing, originally delivered to Scuderia Ferrari driver Umberto Maglioli and retaining its matching-numbers chassis, engine, gearbox, and body, which achieved $1,495,500 during the Friday sale session; a wonderful example of the original supercar, a 1969 Lamborghini Miura P400 S by Bertone, boasting a very well-maintained restoration, which sold for $1,160,000 on Saturday; and a 1967 Toyota 2000GT, one of 62 original left-hand-drive, U.S.-market examples and retained for over 30 years by the original owner and famed American racer Otto Linton, which brought $912,500.

Top Ten Sales

  • 1952 Ferrari 225 S Berlinetta by Vignale - $2,810,000
  • 1953 Fiat 8V Supersonic by Ghia - $2,040,000
  • 1957 Jaguar XKSS Continuation - $1,985,000
  • 1955 Cooper-Jaguar T38 Mk II - $1,765,000
  • 1963 Jaguar E-Type Lightweight Continuation - $1,710,000
  • 1955 Mercedes-Benz 300 SL Gullwing - $1,495,500
  • 1955 Jaguar D-Type Continuation - $1,325,000
  • 1969 Lamborghini Miura P400 S by Bertone - $1,160,000
  • 1967 Toyota 2000GT - $912,500
  • 1954 Fiat 8V Coupe by Vignale - $907,000

RM Sotheby’s continues its 2020 auction calendar with the Online Only, charitable auction of an all-new 2021 Ferrari Roma, one of the earliest production examples to be delivered to North America, offered in partnership with Ferrari. Currently open for bidding through 29 October, the online auction will see proceeds benefiting Save the Children. Also taking place via the company’s proprietary Online Only auction platform is RM Sotheby’s 14th annual London sale, open for bidding October 26-31 and featuring a wide array of collector cars alongside a handful of memorabilia.

Visit: rmsothebys.com

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About RM Sotheby’s

RM Sotheby’s is the world's largest collector car auction house by total sales. With 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction.

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