Home / Auto News / News article: On the Up: RM's Michigan Auction Sees an Increase in Attendance - AutoGuide.com News
 |  May 05 2010, 2:33 PM

RM Detroit

When it comes to cars, few places are as mad about the automobile as Metro Detroit. It’s nicknamed the world’s motor capital and for good reason. Aside from the headquarters of  Ford, General Motors and Chrysler, it is also home to thousands of tier one and tier two suppliers, aftermarket companies, performance and restoration shops. On April 24-25, classic car fever was running hot as RM Auctions hosted it’s annual Classic Car Auction of Michigan, held at the Rock Financial Showplace in Novi, west of Detroit.

This particular auction tends to attract a sizable number of cars and is billed as the largest indoor event of its type in the Midwest. Naturally, being in the Detroit area, a lot of cars that cross the block are American classics and muscle cars, but other marques also tend to be well represented.

This year’s auction witnessed a flurry of activity as cars crossed the block on Saturday and Sunday, with strong bidder interest on both days. By the time the gavel fell for the last time, a 1958 Pontiac Parisienne convertible had garnered top sale honors, going for a robust $104,500. The Parisienne is a unique Canadian market Pontiac that features Arrowhead division body work and interior embellishments, with Chevrolet chassis and running gear. Pristine survivors are rare, but clearly in demand as witnessed here.

Behind the Parisienne, the next highest sale price was for a 1960 Cadillac Eldorado Biarritz, which went for $82,500. Other notable vehicles of interest that crossed the block, included a selection of early “Brass Era” vehicles, notably the earliest known Ford still in existence – a 1903 Ford Model A (not to be confused with the 1928 version), a 1904 Rambler Model L; 1904 Overland and 1918 Nash truck. Big 1930s luxury cars, that pay homage to Detroit’s rich automotive past and continue to be among the most blue chip of investments in the hobby, were also out in healthy numbers, including a 1929 Dusenberg Model J convertible sedan, with bodywork by Murphy, a 1932 Dusenberg Model J Torpedo Berline Rollston and a 1931 Chrysler CG Imperial.

According to Ken Wallace, Car Specialist and Manager of RM’s Ypsilanti, Michigan based office, “RM was very pleased with the attendance and results from the April 24-25 auction. Bidder registrations were up substantially over 2009 – more than 45 percent with interest from across the U.S. and Canada and even beyond, including the UK, Ireland and Norway. Strong interest and enthusiastic bidding led to some great results, with prices realized that are consistent with current market values.”

[Source: RM Auctions]