RM AUCTIONS, IN ASSOCIATION WITH SOTHEBYS, EXPECTS RECORD BREAKING RESULTS FROM FIRST LONDON SALE

. October 25, 2007

The Bernie Ecclestone collection will contain some of the most expensive Mercedes classics ever sold at auction, while the Abba Kogan collection will include some of the most important sports-racing cars ever offered. A Ferrari 250 GT Nembo Spyder, a Ford GT 40 and a BMW 507 Roadster are offered in addition to three major collections. RM in association with Sotheby’s to host „Roaring Twenties“ party on preview night.

AuctionPublicity.com London, England (October 18, 2007) – RM Auctions, in association with Sotheby’s, is expecting to break records at their first ever London sale on October 31, 2007, in Battersea Park. With three exclusive collections for sale, RM founder Rob Myers is confident that the company’s inaugural European sale is sure to turn over more than 15 million pounds worth of classic cars. “Almost 100 cars from three major collections are going to bring the most discerning buyers to London on the 31st of October. We will be showcasing the very best and rarest of European and American automobiles”.

The star of the show alone, Bernie Ecclestone’s 1937 Mercedes-Benz 540K Spezial Roadster, is estimated to bring 3.250.000 to 4.000.000 million pounds (round about 6.5 to 8 million US-$ at the current exchange rate). Another very rare Mercedes-Benz, a 1928 SSK Roadster is estimated to attract bids of 2.5 million pounds (5 million US-$) or more. Collectors will further note the 1935 Mercedes-Benz 500 K Spezial Cabriolet, which RM estimates to bring 1 to 1.5 million pounds (2 to 3 million US-$).

The 1927 Delage 15-S-8 Grand Prix car from the Abba Kogan collection featured in the October 18 RM press release is estimated to fetch between 1.2 and 1.8 million pounds (2.4 to 3.6 million US-$), the 1936 Delage D6 70 is estimated at 500.000 to 700.000 pounds (1 to 1.4 million US-$). The 1952 OSCA 2000S, is estimated to bring 500,000 to 625,000 pounds (1 to 1.25 million US-$).

But not all high interest collectors’ cars are part of major collections. RM Auctions is bringing a number of unusual and rare cars from private owners to the sale as well. The 1956 BMW 507 Roadster, no 17 of only 253 cars in total ever built, was discovered in Spain in 2001. Since its acquisition, the car has undergone a full and very professional restoration, which was just recently completed. This very rare BMW is estimated to fetch 300.000 to 400.000 pounds (600.000 to 800.000 US-$).

The 1960 Ferrari 250 GT “Nembo” Spyder (1777GT) offered here for sale was recently featured in British specialist magazine Classic & Sportscar’s January 2007 issue and has been recognized for decades by major Ferrari authorities as one of the most beautiful Ferraris of all time. This unforgettable gem in the beauty pageant of Ferrari history is expected to sell for 700.000 to 900.000 pounds (1,400,000 to 1,800,000 US-$).

The 1966 Ford GT40, chassis number 1065, is a beautiful example of a GT 40 MKI and is certainly one of the most original GT40s in existence. The recorded mileage of just 4,500 miles MKI may well make this car unique. “While any GT40 is a rare beast with 103 built in total and just 31 road cars, the opportunity to purchase one of these legendary cars doesn’t come often,” says RM’s Rob Myers. This very rare Ford is estimated to sell for 800,000 to 1,000,000 pounds (1.6 to 2 million US-$).

Highlight of the Prevosti collection will undoubtedly be the 1967 Ferrari 275 GTB/4, a very well preserved, highly original example with only two owners since new. It was originally delivered to Washington D.C., USA. In 1990 the present owner purchased this car and shipped it back to its mother country where it has remained ever since. In addition to being the first production Ferrari to feature a quadruple camshaft V-12 powerplant, many consider the 275 GTB/4 to be the finest production Ferrari ever built. This Giallo Fly example is expected to fetch an estimated 475,000 to 575,000 pounds (950,000 to 1,150,000 US-$).

But not all lots will command purchasing power of hundreds of thousands of pounds. For sale in London will also be a number of rather “humble” cars, two of which being 1970s VW Beetles. Collector Ecclestone acquired both, a 1978 and a rare 1971 example, both RHD, with no miles on them as collectors’ items. Both have never been registered, display limited mileage and their estimate is set at 10,000 (12,500) to 15,000 pounds (20,000 or 25,000 US-$ respectively to 30,000 US-$)

Category: Auction News

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