RM Sotheby’s held its 15th annual London auction on November 6th, during ‘The London Motor Week’. The auction, hosted at The Royal Automobile Club and with previews taking place in the historic Waterloo Place just off Pall Mall, grossed £7,765,265 with a pair of iconic supercars topping the sales.
The 2016 Ferrari LaFerrari, finished in an exquisite one-of-one special order livery of Vinaccia paint over Pelle Chiodi Di Garofano interior, sold for £2,142,500. A star of the legendary hypercar trio that set the standard for high performance and high technology motoring in the last decade, this LaFerrari has covered just 918 miles, boasts a documented service history by authorized Ferrari dealers, and is accompanied by fitted luggage, manuals, and toolkit.
Thirty years before the LaFerrari was made, it was the Porsche 959 that embodied all that automotive technology had to offer in the 1980s. The Grand Prix White 1987 Porsche 959 offered in the London sale, was first delivered to Germany and had, unusually, been in the same ownership since 1989. The ultimate ‘poster car’ of the 1980s, the 959 exceeded its pre-sale high estimate bringing £1,158,125.
Another car which garnered a huge amount of pre-sale interest, was the 1928 Mercedes-Benz 630 K which had, incredibly, been in the same family’s ownership for the past 90 years. This historic and powerful supercharged pre-war touring car was presented in entirely unrestored condition and boasted unique features such as bullet holes inflicted during the 1936 Spanish Civil War. This wonderful car made an outstanding £792,500 and was the third highest selling lot in the sale.
Will Smith, Car Specialist at RM Sotheby’s Europe, says: “It has been great to host a live sale in London this year and to conduct the auction in such a prestigious new location in Pall Mall as part of The London Motor Week. Our partnership with The Royal Automobile Club has been an exciting new element to the sale, and we look forward to working alongside them for many years to come. A hallmark of our London sale has always been the diversity of the cars offered, and this year we had cars ranging from 1928 to 2016 which found new homes amongst an international client base. To also participate in the London to Brighton Veteran Car Run, as the title sponsor, is a fantastic way to finish the sale weekend.”
For Motor Car Lots:
- In the event of a final Hammer Price of £200,000 and below on all motor car lots, RM Sotheby’s (“RMS”) will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium).
- In the event of a final Hammer Price above £200,000 on all motor car lots, RMS will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium) on the first £200,000 and will receive a Buyers’ Premium of 12.5% (plus VAT on the Buyers’ Premium) on the Hammer Price above £200,000.
For Non-Motor Car Lots:
- Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMS a Buyers’ Premium of 20% (plus VAT on the Buyers’ Premium) on the Hammer Price of those particular lots.
Bidders are responsible for any applicable duty and/or local taxes on any motor car(s) or any other lot(s) purchased. International bidders are advised to inform themselves of potential import duties that would be due upon arrival of the lot(s) to its final destination. You are advised to speak with your local representatives in advance of the sale to understand what these costs would be. The location in which the lot is sold is clearly indicated on the lot page found on rmsothebys.com.
Please pay careful attention to any lots that are:
- VAT Applicable
- VAT Implication
- Temporary Import
Lots Under Temporary Import
Those cars subject to temporary importation restrictions cannot be discharged from RMS’ custody without the completion of customs procedures and until full payment has been received. Customs charges will be levied appropriately depending on each individual scenario and will be payable directly to the relevant authorities, which RMS will provide the details of as and when necessary.
Please work with our Administration team post-sale to finalise collection details and arrangements before Monday, 15 November. Following the auction, all lots will be removed from the auction venue and taken into storage. Smaller items of memorabilia will be stored in Richmond, United Kingdom. All other lots will be taken into secure storage in either Chedburgh or Chobham, United Kingdom. The fee for this removal is £395 +VAT to be paid by the buyer. Daily storage charges at a rate of £25 + VAT per car and £15 + VAT per item of memorabilia will be charged from Monday, 15 November onwards. All charges will need to be paid prior to the lot being released. Please note that it is the Buyer’s responsibility to insure their purchased lot(s) whilst in storage, as insurance is the Buyer’s responsibility once the lot is sold. RMS strongly advises Buyers to make immediate arrangements for the collection and transport of purchased lots. It is the Buyer’s responsibility to make their own arrangements, but RMS is pleased to offer our clients the services of the following preferred company:
+44 (0) 1284 850 950