11/4/2013 - RK Motors Collector Car Auctions Registers $9.5 Million in Sales
Charlotte, N.C. - Spanning two days, two continents and real-time bidding from a global audience, this past weekend's RK Motors Collector Car Auction saw the hammer come down on 104 investment-grade racers, rare muscle cars and European classics, generating nearly $9.5 million in total sales.
Headquartered at the Charlotte Convention Center, the event was highlighted by the debut of an industry-first remote auction hub at Abu Dhabi's Emirates Palace Hotel on Saturday. During a special four-hour window, consigned cars were auctioned in person to on-site attendees, as well as simulcast to bidders in the UAE through innovative high-definition, high-resolution, real-time streaming technology.
Setting the pace over two days of non-stop action was the sale of a 2002 Mercedes-Benz CLK GTR. One of only six roadsters, the pristinely conditioned CLK GTR (chassis #3) has just 71 original miles and drew a hammer price of $1.3 million.
Only miles away from the site of Sunday's Formula 1 Grand Prix at Abu Dhabi's Yas Marina Circuit, James Hunt's iconic 1977 McLaren M26 hammered at $1.2 million on Saturday. Driven to Hunt's last-ever Formula 1 win at the Japanese Grand Prix in 1977, the M26, chassis #3, boasts a Ford Cosworth DFV V8 that pumps out 525hp at 10,600 rpm. Beautifully preserved, the McLaren is race-ready, and capable of 195mph.
The RKMCCA was also highlighted by the $505,000 hammer price on a 2012 Lexus LFA Nurburgring Edition. One of 50 built and the only model offered with a white exterior and Alcantara interior, the supercar is powered by a 562 hp 4.8-liter V10 engine, and had only 366 original miles on its odometer.
One of only 17 GTO convertibles built in 1971, a Pontiac GTO Judge brought a hammer price of $232,500. Impeccably restored by noted GTO expert Scott Tiemann, the vibrant Laurentine Green muscle car has a vaunted Pontiac 455cid High Output V8. Assisted by a Ram Air system, it churns out 335hp and a mountainous 480 lb-ft of torque.
NASCAR followers took particular note of the $140,000 hammer price of Dale Earnhardt Sr.s 1977 Chevy Nova, which won the 1986 season-opener Goodys 300 at the Daytona International Speedway. More recently, the Nova has participated three times at England's Goodwood Festival of Speed including the 2009 celebration of NASCAR-Daytona's 50th anniversary. Last year, the fabled race car underwent a complete mechanical and paint restoration, in preparation for competition at the Rolex Monterey Historics at Laguna Seca.
Other notable sales included:
1970 Plymouth Cuda $137,000
1969 Dodge Charger Daytona $136,500
1963 Corvette Stingray $136,000
1971 Plymouth Cuda $135,000
"The opportunity to launch a two-day auction with sites both here in Charlotte and across the world in Abu Dhabi, combined with the debut of real-time bidding, truly made these collector cars available to bidders from throughout the world," said RKMCCA executive vp Bill Mathews. "We look forward to our next auction, and are already conducting extensive outreach to locate pristinely conditioned, investment-grade cars for international bidders and collectors."