RM auction results
By: Ben Klemenzson
Record results for RM's recent Detroit Muscle auction...
Now that's a collection
Over 35,000 horsepower sold without reserve. On 19 June, a total of 102 automobiles, including many high-horsepower Detroit muscle cars combined with a selection of AMG Mercedes-Benz and M-Powered BMWs, crossed the auction podium in San Diego, resulting in $6.9 million in sales and a 100 percent sell through rate.
Detroit Muscle entries were led by the Corvette marque’s overall solid showing at today’s auction, including achieving the top-seller of the day with a super-rare, tire-shredding 1969 Chevrolet Corvette L88 selling for $401,500.
Other Corvette highlights include a 1969 Chevrolet Corvette 427/435 Convertible out-performing its high pre-sale estimate by fetching $231,000 and a 1967 Chevrolet Corvette 427/435 Roadster realizing $214,500. The late-model BMWs and Mercedes-Benz also enjoyed a strong performance.
Top sales:
1969 Chevrolet Corvette L88 Coupe $401,500
1970 Chevrolet Chevelle SS LS6 Convertible $231,000
1969 Chevrolet Corvette 427/435 Convertible $231,000
1967 Chevrolet Corvette 427/435 Roadster $214,500
1969 Chevrolet Corvette L88 Coupe "Automatically Yours" $211,750
1969 Ford Mustang Boss 429 $181,500
2005 Ford GT $162,250
1970 Ford Mustang Boss 429 $156,750
1965 Chevrolet Corvette 396/425 Roadster $129,250
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Current Issue: Feb 2012
■ CLASSIC AMERICAN - 250TH ISSUE!
■ 140 PAGES
■ '59 CADILLAC
■ '68 CHEVROLET CAMARO Z/28
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