Sotheby’s acquires 25 percent of RM Auctions

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Two of the greatest auction houses are teaming up as Sotheby's acquires part of RM Auctions to operate under the joint banner of RM Sotheby's.

Continue reading Sotheby's acquires 25 percent of RM Auctions

Sotheby's acquires 25 percent of RM Auctions originally appeared on Autoblog on Fri, 20 Feb 2015 07:59:00 EST. Please see our terms for use of feeds.

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Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video]

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1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi

Classic car auctions take place in locations all around the world, from Monte Carlo and Maranello to Monterey and Manhattan. Or so you might think, but last week marked the first time a major classic car auction took place in the Big Apple in over a decade. And boy did it return with a bang.

The highlight of the auction was the 1964 Ferrari 250 LM we reported on just a few days ago ahead of the event, which sold for a massive $14.3 million. Not only did that come in near the top of its pre-sale estimate of $12-15 million, but it also set a new record for that model and wet down in history as the second most expensive Ferrari ever sold at auction (after the $17 million '57 Testa Rossa sold by Gooding & Company in 2011).

The story would end there following any other auction, but this event - held in conjunction with RM Auctions at Sotheby's headquarters in New York - brought in a whopping $62,797,500 in sales after 93 percent of all lots sold. After the 250 LM, the next most notable set of wheels belonged to the one-of-a-kind 1938 Talbot-Lago T150-C SS Teardrop Cabriolet pictured above. The only surviving convertible version of an iconic art deco car of which only 20 coupes were made, this unspeakably gorgeous classic sold for an impressive $7,150,000.

Other top earners included a 1959 Ferrari 250 GT SWB Competition Berlinetta that sold for $7,040,000 and a 1954 Maserati A6G/2000 Spyder Zagato for $4,455,000. All told, 16 out of the 31 cars sold went for over a million, and eleven set record prices. Scope out the full list in the press release below.

UPDATE: The 250 LM is the third most expensive Ferrari ever sold at auction, after the aforementioned $17 million 250 Testa Rossa and the 1967 275 GTB/4 NART Spyder that sold at Pebble Beach for $27.5 million which we neglected to take into account. (Of course auction standings exclude private treaty sales like the $52 million 250 GTO.) We've also included a video summary of the auction event below for your viewing pleasure.

Continue reading Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video]

Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video] originally appeared on Autoblog on Sun, 24 Nov 2013 14:30:00 EST. Please see our terms for use of feeds.

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1955 Lincoln Indianapolis concept up for auction

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1955 Lincoln Indianapolis Concept

Lincoln was never a brand known for making sports cars. In fact it hasn't offered anything with less than four doors since the demise of the Mark VIII, and that was hardly what you'd call "performance oriented". But that doesn't mean that Ford's luxury marque never toyed with the idea.

In 1955 Ford delivered a Lincoln chassis (along with a 200-horsepower V8 engine and four-speed automatic transmission) to Carrozzeria Boano, an Italian coachbuilder that had just branched off from Ghia the year before. The resulting orange coupe you see here was named after Indianapolis and was unveiled at the Turin Motor Show. And while its detailing may have been divisive, the overall shape certainly caught the eye.

A shining example from the era when Detroit dreamed big and took us along for the ride, the original concept car has since been restored and has toured a select few concours. It's now going up for auction, consigned to RM Auctions for its upcoming Art of the Automobile event to be held in conjunction with Sotheby's on November 21 in Manhattan.

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1955 Lincoln Indianapolis concept up for auction originally appeared on Autoblog on Sat, 21 Sep 2013 09:01:00 EST. Please see our terms for use of feeds.

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