Sunday, January 30, 2011

Record setting Gullwing Auctioned in Scottsdale

Last week (Jan 18-23) was "Action Week" in Scottsdale Arizona. All of the big players were on hand....Barrett-Jackson, Gooding, Russo & Steele and RM. Several Mercedes-Benz 300SL Gullwings and Roadsters crossed the auction block with a '55 Gullwing at the RM Auction pulling in a world record amount of $1,375,000. Gooding had a '56 Gullwing that went for $858,000 and an unrestored '63 300SL Roadster fetched $951,500. No doubt the price paid at the RM Auction was a bit of an abberation resulting from a bidding war that broke out between a European and a Middle Eastern gentleman....none the less, it would appear the market value of these vehicles continues to rise and they are consistently knocking on the door of the million dollar mark. What this means to our customers is that the money they have invested in the restoration of their cars is money well spent as only the top quality vehicles will attain these higher prices. We're thrilled to see the value of these special cars continue to rise and can only hope the trend continues!

Here is a link to the RM Site for more details about the record setting Gullwing:
http://www.rmauctions.com