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RM Paris February 5th 2020

https://rmsothebys.com/en/auctions/pa20#/collapse-1-PA20-A

5.30pm, February 5th, 2020

Place Vauban, Paris, France 75007

Image result for 1955 jaguar RM Paris"

RM Sotheby’s joined Artcurial and Bonhams when they hosted their first sale in Paris and offering a fine Australian collection including a Jaguar D-Type they managed to turn a 79% sellthrough rate into a $21 million gross. Following sales saw RM turn from hosting a boutique sale into a smaller version of their US extravaganza’s. Despite offering some fairly humdrum lots, 2018s sale offered a Porsche 917/10 and Alfa Romeo Tipo B, both examples of the greatest racing cars ever made and while the former failed to sell, the later did make a relatively strong $4.2 million. Whatever the style or relative success of the auction, RM Sotheby’s continue to offer an interesting selection of the worlds finest automobiles. 2019 saw RM offer a fine set of consignments topped by the finest Ferrari F40LM extant and it hit $5.5 million thus driving the sale to a new record gross of $36.2 million. 2020 looks to be even better than the last two with an excess of million dollar cars topped by the same Jaguar D-Type that they sold at the inaugural sale.

Key – Year – sold/ offered/ % – Gross total US$ – Top sale US$

2014 41/52 (79%) $24,978,818 $5,005,493 1955 Jaguar D-Type
2015 54/12 (82%) $22,716,471 $1,852,984 1963 Ferrari 250GT Lusso
2016 49/61 (80%) $20,846,068 $3,225,235 1962 Ferrari 400SA
2017 60/77 (78%) $29,517,056 $4,191,264 1934 Alfa Romeo Tipo B
2018 69/83 (78%) $29,142,514 $4,079,238 2017 Bugatti Chiron
2019 64/84 (76%) $36,228,242 $5,517,545 1987 Ferrari F40LM
2020 55/79 (70%) $18,237,099 $2,200,466 1958 BMW 507

Jaguar were originally known as SS cars but post WW2 they needed a name change for obvious reasons and ended up with the famous big cat moniker. Their first post war sportscar, the XK120 saw them leap ahead of the best European marques while the C-Type follow up was a step forward again as shown by their 1951 and 1953 Le Mans wins. A further step forward was needed yet again and Heynes designed a aero style monocoque to which he attached front and rear spaceframes to hold the engine and drivetrain. The D-Type was fitted with an aerodynamically effective and beautiful body that remains one of the most iconic shapes ever seen. 75 D-Types were built before a fire at the Browns Road plant saw production end although Jaguar had pulled out of racing after winning the 1955 Le Mans while the new 3 litre limit effectively stopped the Ecurie Ecosse continued dominance of the French epic. RM are offering XKD520, an early production example that was sold to Australian Bib Stillwell and he had plenty of success before it passed to a couple of other racers including Frank Gardner. Various Australian ownerships followed before it was exported to the UK and sold to Richard Attwood who owned it for a decade. A couple of British owners conserved this fine D-Type through 2014 when it was sold by RM to Australian Peter Harburg and it remains one of the best documented, most honest D-Types available. There is a huge difference between a works or Ecurie Ecosse D-Type and your ordinary customer D-Type and that is shown in the value strata that ranges from $3 to 20 million. Now while the $3 – 5 million range is for non original cars, a works cars begin at $10 million while a Le Mans winner would be $15 million or more. Gooding tried to offer XKD518 with a $10 – 12 million estimate in 2018 and failed but with the market where it is €5.9 – 6.4 mil. ($6.5 – 7 mil.) doesn’t seem unreasonable. That said Tom Hartley has been shopping this car for some time and hasn’t sold it so what chance RM/ Sothebys can get the job done?

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Lamborghini has always been a byword for the outrageous and flamboyant, a place where the shy needn’t tread but they have recently had competition from Pagani and Koenigsegg for the title of most outlandish. Hence the Veneno at $4 million a piece, looking like Darth Vadar and a Dyson vacuum cleaner had a love child and with just 14 in existence, either the greatest or the worst car ever built depending on your taste. Underneath the skin it is but a very hot Aventador but even that is pretty wicked as supercars go and 750bhp is plenty of go. Even the oldest Veneno is six years old and before last year there was little evidence of the crazy pricing many Facebook pundits claimed these were worth. When Bonhams sold their Veneno Spider for $9.1 million many including your author were shocked to put it mildly so here is the first to test the waters since then and still RMs estimate of €4.5 – 5.5 mil. ($4.95 – 6.05 mil.) seems like crazy talk but maybe lightning will strike twice.

Image result for lamborghini veneno RM Paris"

Ferrari had already rationalised their production with the 275s in 1964 and yet by the time the Daytona dropped in 1968 needed to do so again with multiple models in concurrent production. The Daytona proved to be a brilliant Grand Tourer capable of very quick, comfortable continent crossing and was the tradition to the Miura’s future. Ferrari began to look at an open topped variant soon after the launch and by 1971 had the finalised GTS/4 Cabriolet ready to export to the USA where most of the 122 cars built were sold. Noted to be rather limited by the much poorer aerodynamics and loss of rigidity sans roof the Daytona Spider is still one of the most iconic cars ever built, not harmed by a replica being used in the early seasons of Miami Vice. RM are offering one of just 19 Euro spec Daytona Spiders, a car sold to Lebanon and later passed to French, Dutch and Italian ownerships with a restoration to as new condition in 2000. Recent sales of US spec. 365GTS/4s have seen them fetching $2 – 2.5 million and RMs €2.4 – 2.6 mil. ($2.6 – 2.9 mil.) estimate seems a touch high but probably not too high at the low estimate.

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BMW had seen the success Mercedes-Benz had with their sporty 300SL and built their own teutonic sports car, the 507. Despite Elvis Presley famously owning one and a improved Series II variant the type was never a sales success and was soon dropped. Fortunately this lack of sales meant that the type was always much rarer than their Stuttgart opposition, just 252 were built, and thus while arguably not as good, they are worth 50% more. Fast forward to 2018 when John Surtees unique 507 was sold at Bonhams Goodwood sale for $5 million and it seemed that every auction had one chasing that pot of gold. Clearly these normal 507s were neither Surtees nor had the improvements his did and prices have settled back to around the $2 million mark. RM are estimating their 507 at $1.9 – 2.5 million which is a touch high for even this original, US delivery, restored in the 2010s example. I would say market correct at the low estimate.

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Porsche had been running various versions of the 356 in racing before they decided to replace the 718 series with the new 904 based on a ladder chassis and lightweight fibreglass bodywork. The new car was designed around either a Type 587 twin cam flat four, many were actually fitted with the flat six that was recently developed for the 901/911 and 906 Carrera 6. RM are offering a 904 that was delivered to Portugal but shortly ended up in France with Raymond Touroul and passed through multiple collections. This 904 was restored in 1980 before further use and it eventually ended up being fitted with a 906 Carrera 6 engine transplant. The average Porsche 904 is roughly a $1.5 – 2.5 million proposition depending on originality and race history so the €1.6 – 1.8 mil. ($1.76 – 1.98 mil.) estimate is probably market correct all things considering.

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Ing. Fusi first two designs for Alfa Romeo were the P2 racing car and the 6c1500 road car. The 6C1500 would later spawn the 6C1750 and this would reach its apogee with the Gran Sport with its 85bhp dohc straight six engine. Easily the most iconic 6C1750GS were those with Zagato Spider coachwork and RMs car on offer was possibly fitted with Zagato Spider coachwork but noone knows if that was original or fitted by a postwar US owner. Carrozzeria Pettenella rebodied this 6C1750 is the 1970s and is one of the most exact Zagato Replica’s extant. This car is not the original Zagato Spider that would be worth $2 – 3 million but is an authentic 6C1750GS and thus the estimate of €900k – 1.3 mil. ($990k – 1.43 mil.) seems realistic at the low end.

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Bugatti rationalised their model range into one, the Type 57, and offered it in a wealth of different forms to compensate but in doing so created one of the greatest 1930s cars yet made. Bugatti pretty soon developed a supercharged (C for compressor) variant in 1936 and when fitted with Atalante or Stelvio coachwork created one of the finest 1930s cars. RMs example was a French delivered Stelvio and remained in France through the 1980s when it would pass to Germany and be restored. Noted to be totally original and suitable for either further restoration or preservation class type events this Bugatti is very good buying at €1 – 1.2 mil. ($1.1 – 1.32 mil.)

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Pre war hightlights include:

  • 1913 Hispano-Suiza Alfonso XIII Torpedo – Est. €650 – 900k ($715 – 990k)
  • 1924 Isotta – Fraschini Tipo 8A Sala Landaulette – Est. €400 – 550k ($440 – 605k)
  • 1939 Delahaye 135 Figoni et Falaschi Roadster Rep. – Est. €500 – 800k ($550 – 880k)
Image result for delahaye RM Paris"

Mid century highlights include:

  • 1946 Delahaye 135 Figoni et Falaschi Cabriolet – Est. €350 – 425k ($385 – 467k)
  • 1952 Porsche 356 Pre A 1300 Cabriolet – Est. €600 – 700k ($660 – 770k)
  • 1954 Mercedes-Benz 300SL Gullwing – Est. €800k – 1.2 mil. ($880k – 1.32 mil.)
  • 1957 Mercedes-Benz 300SL Roadster – Est. €800 – 900k ($880 – 990k)
  • 1959 Facel Vega Excellence – Est. €120 – 160k ($132 – 176k)
  • 1965 Aston Martin DB5 – Est. €550 – 700k ($605 – 770k)
  • 1970 Ferrari 365GTB/4 – Est. €450 – 550k ($495 – 605k)
  • 1971 Maserati Ghibli SS 4.9 Coupe – Est. €130 – 170k ($143 – 187k)
  • 1973 Ferrari 246GTS – Est. €380 – 420k ($418 – 462k)
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Modern highlights include:

  • 1981 Ferrari 512BB – Est. €170 – 200k ($187 – 220k)
  • 1989 Mercedes-Benz 560SEL 6.0 AMG – Est. €100 – 140k ($110 – 154k)
  • 1998 Mercedes-Benz SL70 AMG – Est. €150 – 200k ($165 – 220k)
  • 2005 Porsche Gemballa Mirage GT – Est. €775 – 875k ($852 – 962k)
  • 2012 Bugatti Veyron 16.4 Super Sport – Est. €1.2 – 1.8 mil. ($1.32 – 1.98 mil.)
  • 2017 Nissan GT-R Nismo – Est. €140 – 160k ($154 – 176k)
Image result for nissan nismo RM Paris"

Affordable classic highlights include:

  • 1979 Mercedes-Benz 450SEL 6.9 – Est. €80 – 90k ($88 – 99k)
  • 1963 Lancia Flaminia 3C Cabriolet – Est. €50 – 70k ($55 – 77k)
  • 1991 Honda NSX – Est. €50 – 60k ($55 – 66k)
  • 1966 Abarth 695SS – Est. €50 – 60k ($55 – 66k)
  • 1952 Dyna-Veritas Cabriolet – Est. €40 – 60k ($44 – 66k)
Image result for 1952 dyna veritas RM Paris"

Results

RMs return to Paris saw them offer a D-Type Jaguar and Lamborghini Veneno with hopes of matching 2019s $36 million gross. The failure of both their star cars saw them sell just $18.2 million off the back of a 70% sellthrough rate. The big Jag ran out of puff at 5.4 million EUROs, the Lambo at 3.95 million, although there is no evidence of whether these bids were real, and the high sale was the 1958 BMW 507 at €1.99 mil. ($2.2 mil.). Two cars did sell well, the 1969 Mercedes-Benz 300SEL 6.3 Rote Sau Replica at €432k ($476k), 116% above its high estimate and the 1964 Porsche 904GTS at €1.92 mil. ($2.11 mil.) or +7%. Two cars sold well at mid estimate amounts, the 1954 Mercedes-Benz 300SL Gullwing at €1.07 mil. ($1.18 mil.) and 2012 Bugatti Veyron 16.4 Super Sport at €1.52 mil. ($1.68 mil.). Poor sellers were the 1963 Mercedes-Benz 300CE Coupe at €39k ($43k) or 35% below its low estimate, 1949 Delahaye 135 at €32k ($35k) or -34%, 1924 Isotta – Fraschini Tipo 8A Sala Landaulette at €247k ($272k) or -38% and 1929 Chrysler 75 Roadster at €44k ($49k) or -51%. No sales were the 1938 Bugatti Type 57C Stelvio at a reported high bid of €850k, 1972 Ferrari 365GTS/4 €1.9 mil. and the 1930 Alfa Romeo 6C1750GS Spider Replica at €750k although again its hard to know if these were real bids or not. Not a bad sale by any means but certainly not the best and RM have more work to do.

Key – Lot # – Year – Make – Model – Chassis/ VIN – Est EURO – Low/High – N.R = No Reserve – Est. US$ – Low/High

120 1993 Land Rover Defender SALLDHMF8KA928461 €8,000 €10,000 N/R € 12,650 $13,944 27%
121 1949 Delahaye 135 Chapron Coupe 801432 €50,000 €60,000 N/R € 32,200 $35,494 -55%
122 1946 Delahaye 135 Figoni et Falaschi Cabriolet 800308 €350,000 €425,000 € 376,250 $414,740 Mid
123 1939 Delahaye 135 Figoni et Falaschi Roadster Rep. 47420 €500,000 €800,000 € 455,000 $501,547 -10%
124 1970 Mercedes-Benz 280SL Pagoda 113.044.12.012558 €60,000 €80,000 N/R € 62,100 $68,453 Mid
125 1998 Bentley Azure SCBZK15C2WCH61653 €60,000 €80,000 N/R € 92,000 $101,412 15%
126 1952 Jaguar XK120 Coupe 679471 €70,000 €90,000 N/R € 122,475 $135,004 36%
127 1991 Honda NSX JHMNA12600T001037 €50,000 €60,000 N/R € 66,125 $72,890 10%
128 1954 Mercedes-Benz 300SL Gullwing 198.040.4500034 €800,000 €1,200,000 € 1,073,750 $1,183,595 Mid
129 1992 Jaguar XK220 SAJJEAEX8AX220873 €300,000 €350,000 € 398,750 $439,542 14%
130 1973 Ferrari 246GTS 06290 €275,000 €325,000 N/R € 263,750 $290,732 -4%
131 1967 Iso Grifo GL GL 640068 €200,000 €250,000 N/R € 275,000 $303,133 10%
132 1988 Ferrari Testarossa 75456 €60,000 €80,000 N/R € 109,250 $120,426 37%
133 1971 Maserati Ghibli SS 4.9 Coupe AM115/492110 €130,000 €170,000 N/R € 126,500 $139,441 -3% 134 1959 Jaguar XK150S 3.4 Roadster T820028DN €140,000 €180,000 N/R € 126,500 $139,441 -11% 135 1981 Ferrari 512BB 35409 €170,000 €200,000 N/R € 230,000 $253,529 15% 136 1963 Maserati Sebring 3500GT Series I AM10101559 €150,000 €200,000 N/R € 138,000 $152,117 -9%
137 1937 Jaguar SS100 3.5 Litre Roadster 39011 €350,000 €400,000 N/R € 252,500 $278,331 -39%
138 1989 Ferrari 328GTS 79746 €80,000 €100,000 N/R € 66,125 $72,890 -21%
139 1959 Facel Vega Excellence EX1-B052 €120,000 €160,000 N/R € 106,375 $117,257 -13%
140 1970 Maserati Ghibli SS 4.9 Coupe AM115/491570 €150,000 €200,000 N/R € 166,750 $183,809 Mid 141 1973 Mercedes-Benz 600 Pullman 100.016.12.002274 €150,000 €200,000 N/R € 212,750 $234,514 6% 142 1953 Bentley R-Type Continental Fastback Saloon BC15B €700,000 €800,000 N/R Not sold Not sold 143 1958 BMW 507 Series II 70134 €1,750,000 €2,250,000 € 1,996,250 $2,200,466 Mid 144 1970 Ferrari 365GTB/4 12841 €450,000 €550,000 € 522,500 $575,952 Mid 145 1966 Abarth 695SS 110F 1060634 €50,000 €60,000 N/R € 43,125 $47,537 -16% 146 1964 Porsche 904GTS 904-061 €1,600,000 €1,800,000 € 1,917,500 $2,113,660 7% 147 1952 Porsche 356 Pre A 1300 Cabriolet 10436 €600,000 €700,000 Not sold Not sold 148 1969 Mercedes-Benz 300SEL 6.3 Rote Sau Replica 109.018.12.002140 €150,000 €200,000 N/R € 432,500 $476,745 116% 149 1982 BMW Alpina B7S Turbo WBACJ710XB6579934 €130,000 €150,000 Not sold Not sold 150 1957 Mercedes-Benz 300SL Roadster 198.042.7500594 €800,000 €900,000 € 764,375 $842,571 -5% 151 2000 BMW Z8 Roadster WBAEJ110X0AF77846 €200,000 €250,000 Not sold Not sold 152 1959 Ferrari 250GT Coupe 1533GT €390,000 €500,000 Not sold Not sold 153 2015 Lamborghini Veneno Roadster ZHWEB3ZD5FLA03002 €4,500,000 €5,500,000 Not sold Not sold 154 1996 Porsche 911 Carrera RS Clubsport WP0ZZZ99ZSS390270 €325,000 €375,000 Not sold Not sold 155 2009 Ferrari 16M Scuderia Spider 168279 €250,000 €280,000 € 260,938 $287,632 Mid 156 1961 Jaguar E-Type Series I 3.8 Roadster 875295 €200,000 €260,000 € 161,000 $177,470 -24% 157 1997 Bentley Turbo RT Mulliner SCBZP26CXWCX66733 €90,000 €110,000 € 149,500 $164,794 36% 158 1913 Hispano-Suiza Alfonso XIII Torpedo 2192 €650,000 €900,000 Not sold Not sold 159 1925 Bugatti Type 23 2400 €350,000 €375,000 Not sold Not sold 160 1938 Bugatti Type 57C Stelvio 57-737 €1,000,000 €1,200,000 Not sold Not sold 161 2012 Bugatti Veyron 16.4 Super Sport VFSG25282M795011 €1,200,000 €1,800,000 € 1,523,750 $1,679,630 Mid 162 1973 Ferrari 246GTS 06002 €380,000 €420,000 Not sold Not sold 163 1957 Aston Martin DB2/4 Mark III Coupe AM300/3/1364 €200,000 €225,000 € 218,500 $240,853 Mid 164 1965 Aston Martin DB5 DB5/2028/L €550,000 €700,000 € 623,750 $687,560 Mid 165 1982 BMW Alpina B7S Turbo WBAEC3101C5593059 €175,000 €225,000 Not sold Not sold 166 2005 Porsche 911/996 GT3 RS WP0ZZZ99Z4S691888 €225,000 €275,000 € 252,500 $278,331 Mid 167 1953 Alfa Romeo 1900C Sprint Coupe AR1900C01422 €275,000 €325,000 Not sold Not sold
168 1972 Ferrari 365GTS/4 15535 €2,400,000 €2,600,000 Not sold Not sold
169 1963 Lancia Flaminia 3C Cabriolet 826.134 1007 €50,000 €70,000 N/R € 64,400 $70,988 Mid
170 1971 Ferrari 246GT 01824 €300,000 €375,000 € 325,625 $358,936 Mid
171 1955 Jaguar D-Type XKD520 €5,900,000 €6,400,000 Not sold Not sold
172 1955 Moretti 750 Gran Sport Barchetta 1612 €150,000 €200,000 € 161,000 $177,470 Mid
173 1961 Ferrari 250GTE 2619 €330,000 €380,000 Not sold Not sold
174 1993 BMW B12 Alpina WAPBC57C03D200021 €300,000 €350,000 € 265,000 $292,110 -13%
175 2005 Porsche Gemballa Mirage GT WP0ZZZ98Z5L000102 €775,000 €875,000 Not sold Not sold
176 1982 Porsche 924 Carrera GTS WP0ZZZ93ZBS710029 €220,000 €280,000 € 212,750 $234,514 -3%
177 2018 Ferrari 488GTB 70th Anniversary 229458 €275,000 €325,000 € 303,125 $334,135 Mid
178 1924 Isotta – Fraschini Tipo 8A Sala Landaulette 655 €400,000 €550,000 N/R € 246,875 $272,130 -62%
179 2008 Spyker C8 Laviolette XL9BA11G98Z363029 €200,000 €250,000 € 246,875 $272,130 Mid
180 1930 Alfa Romeo 6C1750GS Spider Replica 8513034 €900,000 €1,300,000 Not sold Not sold
181 1998 Mercedes-Benz SL70 AMG WDB1290761F164253 €150,000 €200,000 Not sold Not sold
182 1971 Jaguar E-Type Series III Roadster 1S20122 €75,000 €100,000 € 70,500 $77,712 -6%
183 1961 Mercedes-Benz 190SL 121.040.10.022232 €100,000 €130,000 € 123,625 $136,272 Mid
184 1979 Mercedes-Benz 450SEL 6.9 116.036.12.006761 €80,000 €90,000 € 109,250 $120,426 21%
185 2007 Aston Martin Vanquish WDB1290761F164253 €130,000 €160,000 Not sold Not sold
186 2007 Bentley Arnage T SCBLF44JX7CX12033 €60,000 €80,000 Not sold Not sold
187 2010 McLaren Mercedes SLR Roadster WDD1994761M001866 €320,000 €360,000 Not sold Not sold
188 1991 Mercedes-Benz 300CE AMG 3.4 WDB1240511B581941 €80,000 €120,000 € 112,700 $124,229 Mid
189 2000 Ferrari 550 Maranello WSR 117411 €150,000 €200,000 € 209,875 $231,345 5%
190 1987 BMW M6 WBAEE1408H2560546 €80,000 €90,000 € 74,750 $82,397 -7%
191 1962 Jaguar E-Type Series I 3.8 Roadster 877306 €160,000 €200,000 Not sold Not sold
192 2017 Nissan GT-R Nismo JN1GANR35U0181312 €140,000 €160,000 € 140,000 $154,322 Mid
193 1989 Mercedes-Benz 560SEL 6.0 AMG WDB1260391A497466 €100,000 €140,000 Not sold Not sold
194 1952 Dyna-Veritas Cabriolet 28854 €40,000 €60,000 N/R € 70,150 $77,326 17%
195 1970 Fiat Dino 2400 Coupe 135BC 0003751 €60,000 €80,000 N/R € 43,125 $47,537 -39%
196 1963 Mercedes-Benz 300CE Coupe 112.021.10.003829 €60,000 €80,000 € 39,100 $43,100 -53%
197 1929 Chrysler 75 Roadster CY282E €90,000 €100,000 N/R € 44,275 $48,804 -103%
198 1972 Jaguar E-Type Series III Coupe UC1S73641BW €60,000 €80,000 N/R € 50,600 $55,776 -19%

All information is copyright Auto Auctions Monthly except images which are copyright of Artcurial, Bonhams, Gooding & co., Mecum, RM/ Sothebys, Russo & Steele and Worldwide Auctioneers. All figures are US$ and gross unless specifically stated. All figures are accurate in the home currency for the sale, any figures in other currencies are calculated based on the exchange rate for the date of sale accessed from FxTop.com. Percentages as given are calculated as the % below low estimate or above estimate as noted. All information given for recreational use only and cannot be personally guaranteed for accuracy by the author.

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