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RM Auburn Spring Auction 2019 - even in America, the trees don't grow to the sky

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Created on June 9, 2019

Text:

Bruno von Rotz

Photos:

- Courtesy RM Auctions

57

Matt Lynch - Courtesy RM Auctions

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Theodore W. Pieper - Courtesy RM Auctions

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David Sirotinsky - Courtesy RM Auctions

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Joe Martin - Courtesy RM Auctions

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Corey Escobar - Courtesy RM Auctions

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Peter Seabrook - Courtesy RM Auctions

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Darin Schnabel - Courtesy RM Auctions

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Gabor Mayer - Courtesy RM Auctions

1

- Courtesy RM Auctions

57

Matt Lynch - Courtesy RM Auctions

10

Theodore W. Pieper - Courtesy RM Auctions

10

David Sirotinsky - Courtesy RM Auctions

4

Joe Martin - Courtesy RM Auctions

3

Corey Escobar - Courtesy RM Auctions

2

Peter Seabrook - Courtesy RM Auctions

1

Darin Schnabel - Courtesy RM Auctions

1

Gabor Mayer - Courtesy RM Auctions

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Chevrolet Corvette 'Fuel-Injected' (1961) - as lot 6093 at the RM auction in Auburn (31.5.-1.6.2019)

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In addition to the cars, many automobilia and memorabilia were also auctioned - RM auction in Auburn (31.5.-1.6.2019)

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Lincoln Continental Convertible (1965) - as lot 5004 at the RM auction in Auburn (31.5.-1.6.2019)

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MGB (1977) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

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Buick Model 66 S (1932) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

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Porsche 968 Cabriolet (1992) - as lot 5015 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercedes-Benz 450 SL (1980) - as lot 5020 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Nova (1971) - as lot 5023 at the RM auction in Auburn (31.5.-1.6.2019)

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AMC AMX (1979) - as lot 5026 at the RM auction in Auburn (31.5.-1.6.2019)

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AMC AMX (1979) - as lot 5026 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Mustang Mach 1 (1970) - as lot 5027 at the RM auction in Auburn (31.5.-1.6.2019)

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Buick Reatta (2009) - as lot 5028 at the RM auction in Auburn (31.5.-1.6.2019)

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Morgan Plus 4 (1964) - as lot 5031 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Camaro Z28 Pace Car (1993) - as lot 5034 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Corvette 'Collectors Edition' (1982) - as lot 5036 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercedes-Benz 220 SE (1959) - as lot 5039 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Camaro (1971) - as lot 5044 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercedes-Benz SL 500 Convertible (1998) - as lot 5047 at the RM auction in Auburn (31.5.-1.6.2019)

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Bentley Azure (1997) - as lot 5048 at the RM auction in Auburn (31.5.-1.6.2019)

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MG A (1962) - as lot 5050 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Galaxie 500 (1961) - as lot 5053 at the RM auction in Auburn (31.5.-1.6.2019)

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Buick Model 25 Touring (1913) - as lot 5055 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Camaro RS (1968) - as lot 5056 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercedes-Benz 250 SL 'Pagoda' (1968) - as lot 5058 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Model T C Cab Truck (1913) - as lot 5060 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Model T Coupe (1926) - as lot 5066 at the RM auction in Auburn (31.5.-1.6.2019)

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Oldsmobile Dynamic 88 Convertible (1958) - as lot 5067 at the RM auction in Auburn (31.5.-1.6.2019)

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Chrysler 300 G Coupe (1961) - as lot 5071 at the RM auction in Auburn (31.5.-1.6.2019)

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Dodge Coronet R/T Coupe (1967) - as lot 5072 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Mustang Trans Am (1973) - as lot 5078 at the RM auction in Auburn (31.5.-1.6.2019)

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Cadillac V-12 Five-Passenger Sedan (1931) - as lot 5080 at the RM auction in Auburn (May 31-June 1, 2019)

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Studebaker Golden Hawk (1957) - as lot 5085 at the RM auction in Auburn (31.5.-1.6.2019)

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DeLorean DMC-12 (1983) - as lot 5090 at the RM auction in Auburn (31.5.-1.6.2019)

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BMW 2002 (1972) - as lot 5094 at the RM auction in Auburn (31.5.-1.6.2019)

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BMW 2002 (1972) - as lot 5094 at the RM auction in Auburn (31.5.-1.6.2019)

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Oldsmobile Toronado (1966) - as lot 5099 at the RM auction in Auburn (31.5.-1.6.2019)

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Triumph TR3A (1958) - as lot 5100 at the RM auction in Auburn (31.5.-1.6.2019)

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Bentley R-Type Saloon (1953) - as lot 5106 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Terraplane Utility Coupe (1937) - as lot 5108 at the RM auction in Auburn (31.5.-1.6.2019)

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Volkswagen Beetle Convertible (1957) - as lot 5118 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercury Turnpike Cruiser Sedan (1957) - as lot 5124 at the RM auction in Auburn (31.5.-1.6.2019)

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Pontiac Grand Prix (1964) - as lot 5133 at the RM auction in Auburn (31.5.-1.6.2019)

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BMW 2800 CS (1970) - as lot 6007 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Commodore Coupe (1951) - as lot 6013 at the RM auction in Auburn (31.5.-1.6.2019)

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Haynes Model 60 Touring (1923) - as lot 6014 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Hornet Hollywood (1953) - as lot 6015 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Hornet Hollywood (1954) - as lot 6018 at the RM auction in Auburn (31.5.-1.6.2019)

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Packard Clipper Deluxe Sedan (1953) - as lot 6022 at the RM auction in Auburn (31.5.-1.6.2019)

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Packard Super Eight Deluxe Limousine (1948) - as lot 6023 at the RM auction in Auburn (31.5.-1.6.2019)

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Hupmobile Skylark (1941) - as lot 6027 at the RM auction in Auburn (31.5.-1.6.2019)

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Packard Custom Eight Sedan (1948) - as lot 6032 at the RM auction in Auburn (31.5.-1.6.2019)

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Studebaker Champion Regal Deluxe Starlight Coupe (1950) - as lot 6035 at the RM auction in Auburn (31.5.-1.6.2019)

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Citroën 2CV6 Spécial (1975) - as lot 6038 at the RM auction in Auburn (31.5.-1.6.2019)

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DeSoto SG Airflow Coupe (1935) - as lot 6039 at the RM auction in Auburn (31.5.-1.6.2019)

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Jeep Commando (1972) - as lot 6040 at the RM auction in Auburn (31.5.-1.6.2019)

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Packard Super Eight Limousine (1948) - as lot 6042 at the RM auction in Auburn (31.5.-1.6.2019)

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DeSoto Dirt Track Special (1928) - as lot 6044 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford SVT Mustang Cobra R (2000) - as lot 6046 at the RM auction in Auburn (31.5.-1.6.2019)

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MG TD Mark II (1953) - as lot 6047 at the RM auction in Auburn (31.5.-1.6.2019)

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Ferrari Testarossa (1988) - as lot 6048 at the RM auction in Auburn (31.5.-1.6.2019)

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Porsche 911 (1968) - as lot 6051 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Thunderbird (1957) - as lot 6053 at the RM auction in Auburn (31.5.-1.6.2019)

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Austin-Healey 3000 Mk III BJ8 (1967) - as lot 6055 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Corvette Sting Ray 427/390 Convertible (1967) - as lot 6057 at the RM auction in Auburn (31.5.-1.6.2019)

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DeLorean DMC-12 (1981) - as lot 6058 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Hornet Sedan (1952) - as lot 6061 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Deluxe Four-Door Phaeton (1937) - as lot 6062 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Nova (1971) - as lot 5023 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Camaro RS Z28 (1968) - as lot 6064 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercury Custom Coupe (1950) - as lot 6065 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Super Deluxe Convertible (1942) - as lot 6069 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Thunderbird (1957) - as lot 6071 at the RM auction in Auburn (31.5.-1.6.2019)

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Packard Caribbean Convertible (1954) - as lot 6073 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Metropolitan Series II Hardtop (1955) - as lot 6076 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Thunderbird (1955) - as lot 6080 at the RM auction in Auburn (31.5.-1.6.2019)

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Jaguar E-Type Series 1 4.2-Litre Roadster (1967) - as lot 6081 at the RM auction in Auburn (31.5.-1.6.2019)

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Cord L-29 Convertible Phaeton Sedan (1930) - most expensive lot 6088 at the RM auction in Auburn (31.5.-1.6.2019)

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Pontiac Catalina 389 Convertible (1963) - as lot 6091 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Corvette 'Fuel-Injected' (1961) - as lot 6093 at the RM auction in Auburn (31.5.-1.6.2019)

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Porsche 911 (993) Carrera Coupe (1995) - as lot 6094 at the RM auction in Auburn (31.5.-1.6.2019)

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Shelby Cobra 289 "CSX 8001" (1965) - as lot 6101 at the RM auction in Auburn (31.5.-1.6.2019)

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Buick Estate Wagon (1957) - as lot 6102 at the RM auction in Auburn (31.5.-1.6.2019)

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Mercedes-Benz 190 SL (1957) - as lot 6111 at the RM auction in Auburn (31.5.-1.6.2019)

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Ford Bronco (1968) - as lot 6118 at the RM auction in Auburn (31.5.-1.6.2019)

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Cord 810 Phaeton (1936) - as lot 6123 at the RM auction in Auburn (31.5.-1.6.2019)

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Noble M400 (2007) - as lot 6124 at the RM auction in Auburn (31.5.-1.6.2019)

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Hudson Sprint Car (1930s) (1935) - as lot 6136 at the RM auction in Auburn (31.5.-1.6.2019)

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Pontiac Trans Am Turbo (1981) - as lot 6145 at the RM auction in Auburn (31.5.-1.6.2019)

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Chevrolet Corvette (1998) - as lot 6147 at the RM auction in Auburn (31.5.-1.6.2019)

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Lincoln Continental Convertible (1965) - als Lot 5004 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

MGB (1977) - als Lot 5007 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Buick Model 66 S (1932) - als Lot 5007 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Porsche 968 Cabriolet (1992) - als Lot 5015 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Mercedes-Benz 450 SL (1980) - als Lot 5020 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Chevrolet Nova (1971) - als Lot 5023 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

The RM auction in Auburn (Indiana) on May 31 and June 1, 2019 showed that even in the USA, everyday auctioning is not always easy. 274 cars (including two trailers) with a value of USD 10.8 million (EUR 9.7 million, CHF 10.8 million) were offered over the two days.

Chevrolet Corvette 'Fuel-Injected' (1961) - as lot 6093 at the RM auction in Auburn (31.5.-1.6.2019)

Chevrolet Corvette 'Fuel-Injected' (1961) - as lot 6093 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Joe Martin - Courtesy RM Auctions

In total, around two thirds of these were sold. The highest bids were also on average two thirds of the estimated value. The sales proceeds for the cars thus amounted to around USD 4.7 million (EUR 4.1 million, CHF 4.7 million).

51 brands, US dominance

Vehicles from a total of 51 brands were offered. The US manufacturers dominated, with Ford leading the way with 55 vehicles, Chevrolet with 44 cars, Packard with 20 (!) and Cadillac with 14.

Buick Model 66 S (1932) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

Buick Model 66 S (1932) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Theodore W. Pieper - Courtesy RM Auctions

Only Mercedes-Benz was able to contribute a similarly large contingent with 15 cars, while the number of eight Hudson or nine Buick shows that they were in the USA.

Mercedes-Benz 190 SL (1957) - as lot 6111 at the RM auction in Auburn (31.5.-1.6.2019)

Mercedes-Benz 190 SL (1957) - as lot 6111 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: David Sirotinsky - Courtesy RM Auctions

Of course, there were also some exotic cars, such as REO, Haynes, Pierce-Arrow or Amphicar.

On average, the cars were 56 years old, but the spectrum ranged from 1903 to 2016, covering eleven decades.

Packard without brilliance

In many cases, the bidders did not want to follow the auction house's recommendations. The Packard brand vehicles in particular only achieved an average of just 48 percent of the median estimate, compared to 57 percent for Mercedes-Benz, 59 percent for Hudson, 66 percent for Ford, 71 percent for Chevrolet and 72 percent for Chrysler.

Packard Super Eight Deluxe Limousine (1948) - as lot 6023 at the RM auction in Auburn (31.5.-1.6.2019)

Packard Super Eight Deluxe Limousine (1948) - as lot 6023 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Matt Lynch - Courtesy RM Auctions

A 1940 Packard One-Twenty Convertible Coupe sold for just USD 3300 instead of the expected USD 15,000 to 20,000, to name one example.

As around a third of the cars were auctioned without a reserve price, some Packard consignors had to be satisfied with very low bids.

The surprising AMC AMX

The biggest surprise was provided by a 1979 AMC AMX, which was worth USD 24,200 to its new owner instead of USD 6,000 to 10,000, almost three times the estimated value.

AMC AMX (1979) - as lot 5026 at the RM auction in Auburn (31.5.-1.6.2019)

AMC AMX (1979) - as lot 5026 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Joe Martin - Courtesy RM Auctions

Only a 1965 Lincoln Continental Convertible (USD 12,100 instead of USD 3,000 to 6,000) and a relatively new 2001 Bentley Arnage Red Label (USD 38,500 instead of USD 20,000 to 25,000) came close to this achievement.

Lincoln Continental Convertible (1965) - as lot 5004 at the RM auction in Auburn (31.5.-1.6.2019)

Lincoln Continental Convertible (1965) - as lot 5004 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Corey Escobar - Courtesy RM Auctions

Some Europeans were also auctioned above the estimated value, albeit mostly close, such as a Mercedes-Benz 280 SL from 1971 (USD 93,500), an MG TD Mk II from 1953 (USD 27,500) or an Austin-Healey 3000 Mk III BJ8 from 1967 (USD 81,400).

Bargains?

Many cars were sold very cheaply. For example, you could buy a 1998 Mercedes-Benz SL 500 for USD 5060 (estimated at USD 15,000 to 20,000).

Mercedes-Benz SL 500 Convertible (1998) - as lot 5047 at the RM auction in Auburn (31.5.-1.6.2019)

Mercedes-Benz SL 500 Convertible (1998) - as lot 5047 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: - Courtesy RM Auctions

An AMC Javelin SST from 1970 was available for USD 3575, a Mercedes-Benz 300 SL from 1991 for USD 4950.

MGB (1977) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

MGB (1977) - as lot 5007 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: - Courtesy RM Auctions

A 1977 MGB also went for almost nothing (USD 2640).

Mercedes-Benz 450 SL (1980) - as lot 5020 at the RM auction in Auburn (31.5.-1.6.2019)

Mercedes-Benz 450 SL (1980) - as lot 5020 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: - Courtesy RM Auctions

And the USD 2860 for a 1982 Mercedes-Benz 380 SL or the USD 6270 for a 1980 450 SL are also well below what you would pay for a similar car in Europe. However - only a detailed inspection will reveal whether these cars were really bargains.

Many cars with fair prices

A Ferrari Testarossa from 1988 for USD 99,000 or a Chevrolet Corvette Sing Ray from 1967 for USD 81,400 seem to be fair prices. This is also reflected in the fact that well over half of the cars fetched top bids of between 60 and 100 percent of the median estimate.

Ferrari Testarossa (1988) - as lot 6048 at the RM auction in Auburn (31.5.-1.6.2019)

Ferrari Testarossa (1988) - as lot 6048 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: - Courtesy RM Auctions

Nevertheless, those responsible at RM must not have been entirely happy with the result. Although the Auburn auction was positioned differently to the glossy sales at Pebble Beach, Villa d'Erba or Paris, they would of course like to announce new records after every weekend.

Cord L-29 Convertible Phaeton Sedan (1930) - most expensive lot 6088 at the RM auction in Auburn (31.5.-1.6.2019)

Cord L-29 Convertible Phaeton Sedan (1930) - most expensive lot 6088 at the RM auction in Auburn (31.5.-1.6.2019)

Copyright / Photographer: Gabor Mayer - Courtesy RM Auctions

The fact that they did not compete at the highest level is also evident in the most expensive car at the auction, a 1930 Cord L-29 Convertible Phaeton Sedan for USD 157,300.

Offered and Sold Vehicles

The following table lists all offered and sold vehicles with estimated prices, highest bids, and sale prices. The price conversion was made at the exchange rate valid on the auction day. All information is provided without guarantee.

Lot	Car	Year	USD Est from	USD Est to	USD HP	USD SP	CHF SP	EUR SP	% Est	S
5001	Chrysler 200 Convertible	2011	4000	6000	5000	5500	5500	4922	+10%	V
5002	Ford Bronco II	1989	3000	6000	3100	3410	3410	3051	-24.22%	V
5004	Lincoln Continental Convertible	1965	3000	6000	11'000	12'100	12'100	10'829	+168.89%	V
5005	Mercedes-Benz 250 C	1971	6000	10'000	4000	4400	4400	3938	-45%	V
5006	Ford Roadster Custom	1932	20'000	25'000	18'500	20'350	20'350	18'213	-9.56%	V
5007	MG MGB	1977	5000	8000	2400	2640	2640	2362	-59.38%	V
5009	Buick Model 66 S	1932	20'000	25'000	26'000	28'600	28'600	25'597	+27.11%	V

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All information is provided without guarantee.

Legend: Column S = Status (V = Sold, N = Not sold, Z = Withdrawn, U = Under reserve)
Est = Estimate, HP = Hammer Price, SP = Sale Price

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Images of this article

Lincoln Continental Convertible (1965) - als Lot 5004 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

MGB (1977) - als Lot 5007 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Buick Model 66 S (1932) - als Lot 5007 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Porsche 968 Cabriolet (1992) - als Lot 5015 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Mercedes-Benz 450 SL (1980) - als Lot 5020 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

Chevrolet Nova (1971) - als Lot 5023 an der RM-Versteigerung in Auburn (31.5.-1.6.2019)

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