SALES RATE: 93%                  TOTAL SALES: $26,725,400

ON JANUARY 18th, RM Auctions kicked off their 2008 auction calendar with an exceptional array of motor cars at the Arizona Biltmore Resort & Spa. The single-day auction attracted collectors from across North America and Europe, with its broad range of automobiles spanning several eras.

Bidders were unconcerned by the sharp volatility in financial markets during the week of the event. Six automobiles broke the million-dollar mark, with prewar cars dominating the top sellers list. As well, the sports and racing segment continues to prove solid, with rare and notable examples also doing very well.

Unique offerings included two of the first concept cars, the Chrysler Thunderbolt and Newport, along with hot rods and custom cars, well represented by three outstanding examples by Rick Dore, Ken “POSIES” Fenical, and the late Boyd Coddington.

This spectacular event also marked the launch of a new look for RM’s North American events, with choreographed video presentations highlighting each car as it crossed the block. A gala cocktail reception in the Biltmore Pavilion preceded the auction, with the 1963 Shelby AC Cobra dramatically elevated above the bar.

Long regarded as a premier event on the auction calendar, RM’s Arizona sale has grown tremendously in recent years, and we look forward to continued momentum throughout 2008.