RM Auction Corvette #005 sells for $445,500

Photo courtesy RM Auctions

Illustrating the depth of the top-end sales at the recent RM Auctions event at the glamorous Arizona Biltmore in Phoenix, Corvette #005, which we previewed here last month, sold for $445,500, an impressive number, but one that didn’t even gain it admittance into that sale’s top 10 list.

Featuring fewer cars than last year’s sale – entries were capped at 140 cars rather than the 180 of 2011 – RM’s final sales figures remained suitably impressive, with 126 of those 140 finding new homes, and the total selling price for all vehicles topping $25 million.

Photo courtesy RM Auctions

It was prancing Modenese horses that proved gold at RM: Their biggest number was achieved by the 1957 Ferrari 410 Superamerica Scaglietti Coupe, which brought $1,815,000, coming in right at the lower end of RM’s pre-auction estimate of $1.75 million to $2.25 million. Other bell ringers included a 1973 Ferrari 365 GTB/4 Daytona Spyder that sold for $990,000, a 1957 BMW 507 that sold for $990,000, a 1963 Ferrari 250 GT Lusso Berlinetta that sold for $979,000, a 1930 Duesenberg Model J Long Wheelbase Dual Cowl Phaeton that sold for $880,000, and a 1966 Shelby Cobra 427 that sold for $880,000. These prices include the 10 percent buyer’s premium.

“Our Arizona sale proved to be a great kick-start to what is shaping up as another terrific auction year,” said Rob Meyers, Chairman and Founder of RM Auctions. “We are very pleased with the results of the sale and were delighted to welcome the world’s premier collectors back to the Arizona Biltmore.”

For more information and results, visit RMAuctions.com.