Filed under: Classics, Auctions, Earnings/Financials
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When collectors like Bob and Paul Milhous sell off their entire collection, you know it’s going to be a momentous occasion. And that’s just what it was when RM Auctions dropped the hammer on a staggering array of classic automobiles, mechanical musical instruments and various other collectibles in Boca Raton over the weekend.
We brought you details of the collection and its imminent sale a couple of weeks ago, but now the results are in, and the numbers are staggering. Every last item in the collection was successfully sold, bringing in a whopping $38.3 million all told. The top seller in the auction and collection was the headline 1912 Oldsmobile Limited Five-Passenger Touring - the last remaining example of its kind and fitted with unique coachwork - which sold for $3.3 million. Just a touch more than that used Alero you saw sitting at the local lot, and a considerable premium over the $1.5 million it was projected to fetch, setting a world record in the process for the most expensive Oldsmobile ever sold.
A 1939 Lagonda V-12 Rapide also more than doubled its pre-sale estimate at $990k (itself setting a record for the most expensive roadgoing Lagonda). Other big ticket items included a custom-made 46-foot carousel that sold for $1.2 million, similar to the prices paid for each of a pair of vintage organs. Everything’s coming up Milhous, and you can check it out in further detail in the press release after the jump.Continue reading Milhous Collection hammers at $38.3M in Boca - including record-breaking $3.3M Oldsmobile
Milhous Collection hammers at $38.3M in Boca - including record-breaking $3.3M Oldsmobile originally appeared on Autoblog on Thu, 01 Mar 2012 10:59:00 EST. Please see our terms for use of feeds.
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