Texas-Sized Sam Pack Five Star collection achieves impressive 11.5 million at auction

News Release:
November 17, 2013
Source: http://www.auctionsamerica.com/media/release.cfm?ID=1115.  Reproduced with permission.

DALLAS, Texas (November 16, 2014) – RM Auctions together with Auctions America reaffirmed its position as the industry leader in private automotive collection sales on the weekend, generating an impressive $11,543,400 in sales with 100 percent of lots sold at its Sam Pack Five Star Collection sale in Dallas, Texas.

The result of more than a decade of dedicated acquisition by respected businessman, Sam Pack, the collection presented a broad range of ownership opportunities for enthusiasts. From a terrific series of fifties and sixties icons, through to a remarkable collection of Detroit muscle, and a superb series of concepts, customs and modern collectibles, the offering was marked by incredible diversity and quality. In total, Saturday’s sale lifted the gavel on 131 vehicles before a packed house. The offering represented just a portion of Mr. Pack’s immense collection, offered in an effort to downsize the group to a more manageable level and allowing him to remain active in the hobby. Impressively, bidders represented eight countries from around the world and 36 states across the U.S.

“We were incredibly honored to have been entrusted by Mr. Pack to handle this sale, and thrilled to continue our strong track record in Texas” said Ian Kelleher, Managing Director of RM Auctions’ and Auctions America’s West Coast Division. “The results reflect not only a great group of motor cars, but an appreciation for the passion of a true gentleman and collector. Mr. Pack’s unwavering commitment to quality was industry known and wonderfully represented by the offering this weekend. As an owner, he instilled confidence in many of the first time bidders and veteran collectors in attendance, who were more than happy to take home a car of excellent presentation and condition. All in all, it was a fantastic sale with plenty of spirited bidding and numerous lots exceeding expectations.”

Headlining Saturday’s sale and the subject of one of many lively bidding contests, was an iconic 1967 Shelby 427 Cobra. A part of the collection since 2008, the iconic American sports car achieved seven figures, selling for a strong $1,292,500. Another hotly contested lot was the “as-new” 2006 Ford GT, one of 60 Fords that crossed the podium. Featuring delivery mileage only with less than 13 miles on its clock, the GT garnered a fantastic $418,000 – a strong result that reflects the continued popularity and rising values of these late-model collectibles. Additional Fords exceeding pre-sale estimates included a supercharged 1957 Ford Thunderbird “F-Code”, which passed onto its fourth owner for $247,500, and a one-off 2012 Ford Mustang Boss 302 Laguna Seca Parnelli Jones Edition, showing just 38.5 miles, which commanded $88,000.

Illustrating the collection’s incredible diversity, a superb series of customs also drew big bids. Tremendous pre-sale interest in the 1939 Lincoln-Zephyr Coupe Custom, a stunning creation with 600bhp, translated into an outstanding $253,000 (above estimate), while a 1937 Ford Roadster Oze Custom, described as a street rod for the 21st century, achieved $99,000 against a pre-sale estimate of $60,000 – $80,000.

Other notable sales included:

• a 2006 Chevrolet Monte Carlo SS NASCAR, campaigned by Jeff Gordon in the 2006 and 2007 seasons, fuelled one of the most intense battles of the day. Roaring onto the auction stage to applause from the audience, it shattered its pre-sale estimate at a healthy $165,000.

• Highlighting the collection’s unique group of concepts was a 2005 Ford Sport Trac Adrenalin Concept, unveiled at the 2005 New York Auto Show, which tripled its pre-sale estimate at $173,250. A bold, one-of-a-kind 2004 Lincoln Mark X Concept, shown at the 2004 North American International Auto Show, also surpassed pre-sale expectations at $129,500.

Full proceeds from the sale of the collection’s 1970 Ford Mustang Boss 302 ($126,500), along with part proceeds from event admission, will be donated to Holy Angels, a residential and training campus for individuals with intellectual and development disabilities, in Shreveport, Louisiana.

“When I made the decision to pare down my collection, a lot of people asked me who I was going to use. Without hesitation, I said RM Auctions / Auctions America. In my opinion, they are the best in the business,” said Sam Pack. “I chose them based on years of respect and trust, and a relationship built on interacting with them as both a buyer and a seller. From their organization and process to their follow through and execution, the level of service they provide is unmatched. They are incredibly client-focused, and the fact that this weekend’s sale represented their 30th private collection in 35 years of business, speaks volumes.”

Sam Pack Collection Top 10 sales:

Lot 188 – 1967 Shelby 427 Cobra $1,292,500

Lot 158 – 1963 Shelby 289 Cobra $880,000

Lot 156 – 2006 Ford GT $418,000

Lot 187 -1931 Chrysler CG Imperial Roadster $341,000

Lot 153 -1969 Shelby Mustang GT500 Convertible $280,500

Lot 172 -1939 Lincoln-Zephyr Coupe Custom $253,000

Lot 200 -1957 Ford Thunderbird ‘F-Code’ $247,500

Lot 201 -1965 Shelby 289 Cobra Alloy Continuation $225,500

Lot 205 -1932 Packard Eight Coupe Roadster $209,000

Lot 183 -2005 Ford Sport Trac Adrenalin Concept $173,250

The Sam Pack Five Star Collection rounded out a record year for RM Auctions. Auctions America will conclude its 2014 calendar of events this week, November 21, with its debut BidAnywhere collector car sale held exclusively online at www.auctionsamerica.com.

For full results from the Sam Pack Five Star Collection or to view upcoming RM Auctions’ events, please visit www.rmauctions.com. Upcoming Auctions America events can be found online at auctionsamerica.com.

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*Results are listed is USD and include 10 percent buyer’s premium

About RM Auctions

RM Auctions is the world’s largest auction house for investment-quality automobiles. Celebrating 35 years in the collector car hobby in 2014, 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 an international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top ten all-time records for the most expensive motor cars sold at auction, and their restoration division has achieved unprecedented accolades, earning Best of Show honors at the world’s top concours events. For further information and to view the company’s 2015 roster of events, please visit www.rmauctions.com, find us on Facebook, or follow us on Twitter @rmauctions.

About Auctions America

Founded in July 2010, Auctions America specializes in the sale of American classics, European sports cars, Detroit muscle, hot rods and customs. Headquartered at the historic Auburn Auction Park in Indiana, Auctions America boasts an expert team of full-time car specialists, who offer more than 180 years of combined experience buying, selling, racing and restoring collector vehicles, making them uniquely qualified to advise on all aspects of the hobby. The company’s established roster of annual events are held in some of the country’s leading automotive destinations including Auburn, Indiana; Fort Lauderdale, Florida; and Burbank, California. In addition, the company is an auction house of choice for the sale of private and estate collections. In 2014, Auctions America entered a multi-year agreement with the Sports Emmy Award-Winning NBCSN (NBC Sports Network) to provide exclusive live television coverage of its US-based collector car auctions, helping deliver the Auctions America experience to more than 80 million homes across the country. To learn more about Auctions America, visit auctionsamerica.com, find us on Facebook or follow us on Twitter @auctionsamerica.

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