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1964 Ferrari 250 LM by Scaglietti. Sold for $9,625,000. Photo: Darin Schnabel ©2015 Courtesy of RM Auctions.

PHOENIX, AZ.- RM Auctions kick-started the 2015 collector car season on a strong note last week (January 15-16), generating $63,700,375* in total sales, with 90 percent of all lots sold at its 16th annual Arizona Biltmore sale. RM’s strongest Arizona performance to date, the impressive results – which reflect an average of $10 million generated per hour – are an almost 40 percent increase on the company’s 2014 Arizona tally.

Reinforcing the company’s position as the market leader, the sale, which attracted bidders from 20 countries, set numerous new benchmarks, including that for the most valuable automobile sold in Arizona auction history. Proudly taking this title was a Classiche-certified 1964 Ferrari 250 LM, chassis 5899 GT, with an impressive competition record. Roaring onto RM’s Arizona Biltmore stage before a packed house on Friday evening, the thoroughbred Ferrari was hotly contested by bidders in the room and on the phones, eventually selling for an outstanding $9,625,000.

Ferraris reigned supreme at the two-day RM sale, constituting eight of the event’s overall top 10 sales. Among other highlights, a freshly restored 1966 Ferrari 275 GTS and a low-mileage 1984 288 GTO, each established new auction records for their models, selling for $2,365,000 and $2,750,000 respectively. It wasn’t just top-tier examples that achieved top dollar: prices for Ferraris of all eras were strong, as demonstrated by a 1974 Ferrari 365 GT4 BB, which sold for a record $511,500, and a 2005 Ferrari 575 Superamerica, which soared past high estimate, realizing $517,000.

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1966 Ferrari 275 GTB by Scaglietti. Sold for $2,750,000 ©2015 Courtesy of RM Auctions.

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1984 Ferrari 288 GTO. Sold for $2,750,000 ©2015 Courtesy of RM Auctions.

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1974 Ferrari 365 GT4 BB by Scaglietti. Sold for $511,500 ©2015 Courtesy of RM Auctions.

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2005 Ferrari 575 Superamerica. Sold for $517,000 ©2015 Courtesy of RM Auctions.

We’re thrilled with the results from our Arizona sale. Carefully curated by our specialists, our offering was defined by its quality and uniqueness, with fantastic prices recorded across the board,” says Ian Kelleher, Managing Director, RM Auctions’ West Coast Division. “The results not only prove that quality sells, but reflect our commitment as a company to deliver the best of the very best. Arizona provided a terrific start to our new collector car auction calendar and we look forward to continuing to raise the bar throughout the 2015 season.”

Reflecting RM’s strength across all segments of the market, additional lots exceeding expectations in Arizona included:

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1971 Mercedes-Benz 280 SE 3.5 Cabriolet sold for $473,000, to establish a new record for the model at auction ©2015 Courtesy of RM Auctions.

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1969 Porsche 911 S ‘Soft Window’ Targa realized a terrific $286,000 against a pre-sale estimate of $175,000 – $225,000 ©2015 Courtesy of RM Auctions.

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1984 Audi Sport Quattro illustrated the growing appeal of poster cars of the 1980s, garnering a superb $401,500 ©2015 Courtesy of RM Auctions.

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1956 Continental Mark II well surpassed its pre-sale estimate at $247,500 ©2015 Courtesy of RM Auctions.

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1975 Lamborghini Urraco P111 by Bertone established a new auction record at $126,500 ©2015 Courtesy of RM Auctions.

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1930 Rolls-Royce Phantom II Shooting Brake more than doubled its pre-sale estimate at $181,500 ©2015 Courtesy of RM Auctions.

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