It’s a known fact that for many who enjoy a yachting ‘lifestyle’, a parallel interest in classic cars also exists.
The design, provenance and technological nuances of rare and historically interesting classic road and racing cars is fascinating subject and nowadays with so many organized ‘retro’ events and competitive and non-competitive rallies and tours available, the enjoyment and pleasure derived from owning and participating with a classic car is significant.
While there’s no doubt that buying the right kind of classic can offer significant investment potential, to guarantee your enjoyment, the best advice is always to buy with your heart and not with your wallet.
Classic cars come to people in a variety of different ways. Many cars are passed down through different generations of a single family, others are bought and sold either privately, through specialized dealers or at a classic and collector car auction. One of the most well known auction companies is RM Auctions who have consistently built on their reputation as the global leader in the investment-grade collector car market and with each passing sale continues to raise the bar in terms of the cars it brings to auction and the prices it achieves.
Many of RM’s auctions are associated with many of the world’s leading Concours and motor sport events, but RM is also known for innovation in the auction market which brings a fresh approach to the selling of classic cars. In November 2013, RM, in association with Sotheby’s, conducted a ground-breaking ‘Art of the Automobile’ sale in Sotheby’s prestigious New York headquarters, where 36 spectacular cars grossed over $63,000,000 in sales. As recently as March 2014, RM’s Amelia Island sale in Florida, another spectacular success which grossed $35,947,500 in sales topped off by a record-breaking sum achieved for a 1937 Delahaye 135 Competition Court Torpedo Roadster, which garnered $6,600,000.
The 10th May 2014 will see RM return to Monaco for what is always a highlight in the auction calendar. The auction is timed to coincide with the famous Grand Prix de Monaco Historique weekend, and befitting the such a setting RM has consigned an incredible line-up of great competition cars that includes a 1968 Alfa Romeo Tipo 33/2 Daytona, a 1966 Ferrari Dino 206 S Spider, a 1989 Aston Martin AMR1 Group C Sports-Prototype, the 1958 Lister-Jaguar 'Knobbly' Prototype and James Hunt’s 1974 Hesketh 308 Formula One car.
But automobiles aren’t the only stars – RM will also offer a 1958 Riva Tritone, known as VIA, which was originally ordered new by His Majesty Prince Rainier of Monaco.
For further information or to view a full schedule of events, visit www.rmauctions.com or call RM’s London office at +44 20 7851 7070.