February 21, 2024

Linkage Mag

Geared for the Automotive Life

RM Sotheby’s Sells 96% of Lots in Hershey

RM Sotheby’s just wrapped its 17th annual Hershey event, held during the Antique Automobile Club of America’s Eastern Division Fall Meet in Hershey, PA. In total, 96.33% of the lots on offer sold for a combined total of $10,675,350 over the two-day sale.

In terms of lots, Hershey tends to trend toward early motoring, which makes RM Sotheby’s reports of 20% new bidders on hand at this event an interesting take-away in terms of market interest for early examples.

1909 Rolls-Royce 40/50 HP Silver Ghost Roi des Belges in the style of Barker Maxx Shostak ©2023 Courtesy of RM Sotheby’s

Indeed, the high sale of the event was square in the pre-War zone: a 1909 Rolls-Royce 40/50 HP Silver Ghost Roi des Belges in the style of Barker, well restored and well presented, and sold for $698,500.

Other highlights included the first production 1954 Hudston Italia, wearing an older restoration in cream over red and white, which was the top selling car of Wednesday night at $495,000. Just behind it was a 1933 Auburn Twelve Salon Speedster offered for the first time in over 30 years. It sold for $385,000.

1954 Hudson Italia by Touring Nathan Deremer ©2023 Courtesy of RM Sotheby’s

A 1947 Cadillac Series 62 Convertible Coupe sold for $90,750 — or 72% over its high estimate, according to RM Sotheby’s. 

“The Hershey sale and swap meet is a staple of the collector car industry,” said Jake O’Gorman, Car Specialist, RM Sotheby’s. “These cars are all unique, many hand-built, standing in stark contrast to high-production modern cars; there truly is nothing like them in the world. Even as modern classics continue to gain traction in the market, there will always be a profound desire to own the classic cars that are offered in Hershey. We take pride in providing a space where passionate collectors can come together. Sales totaled $10.6m with an impressive sell-through rate of 96.33% over the two-day event, underscoring the enduring appeal and demand for such exceptional vehicles. The results unequivocally showcase the thriving market for these unparalleled automobiles.”

See the complete results here.

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