102 cars were sold recently at the RM Auctions Classic Muscle and Modern Performance event, including a $231,000 1969 Chevrolet Corvette 427/435 Convertible and a $401,500 1969 Chevrolet Corvette L88. The full release from RM Auctions can be found below:
"Overall, we saw some very strong prices for both select, rare and outstanding muscle cars as well as on the like-showroom-new, late model cars, and it was very encouraging," Ian Kelleher, President and COO, RM Auctions.
Detroit Muscle entries were led by the Corvette marque's overall solid showing at today's auction, including achieving the top-seller of the day with a super-rare, tire-shredding 1969 Chevrolet Corvette L88 selling for $401,500. Other Corvette highlights include a 1969 Chevrolet Corvette 427/435 Convertible out-performing its high pre-sale estimate by fetching $231,000, and a 1967 Chevrolet Corvette 427/435 Roadster realizing $214,500. The late-model BMWs and Mercedes-Benz also enjoyed a strong performance.
RM's San Diego event continues the company's strong presence in California which has included a string of highly successful private collection sales in recent years.
RM's busy summer season continues with two of its annual events: the Vintage Motor Cars of Meadow Brook held in conjunction with the Concours d'Elegance of America at Meadow Brook in Rochester, Michigan on July 24; and, the Sports & Classics of Monterey event in California, August 12 - 14, 2010.
Complete results of the Classic Muscle & Modern Performance event are posted online at www.rmauctions.com
About RM Auctions RM Auctions is the world's largest auction house for quality automobiles. With over three decades of experience in the collector car industry, RM's vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top 10 - and more significantly, four of the top five - all time records for the most expensive motor cars sold at auction. RM's restoration division has achieved unprecedented accolades earning "Best of Show" honors at the world's top concours events. For further information, visit www.rmauctions.com.
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