The Finest Automobile Auctions Draws $3.46 Million - Press Release

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THE FINEST AUTOMOBILE AUCTIONS DRAWS $3.46 MILLION IN SALES FOLLOWING INAUGURAL LIVE AUCTION AT THE ELEGANCE AT HERSHEY


Hershey, Pennsylvania (June 15, 2016) - The Finest Automobile Auctions<http://www.thefinest.com/>, a new auction house focused on delivering the finest experience for collector car enthusiasts, held its inaugural live and online auction at The Elegance at Hershey on Saturday, June 11, resulting in $3,463,700 in sales and a 63 percent sell through rate. Of the overall sales, four vehicles were sold online via Proxibid, the world's most trusted way to connect buyers and sellers of highly valued items like collector cars.

The auction was led by the 1968 Lamborghini 400GT, which sold for $577,500. A beautiful, thoroughly sorted example of one of Ferruccio Lamborghini's early masterpieces, this vehicle is rare to find at this level of restoration and quality of finish.

The Finest's unique bidding platform extends the auction experience so bidders continued to bid on several cars from the live auction from their tablet or mobile device. The online process, developed in partnership with Proxibid, has the seller's best interests in mind and extends the timeframe for bidding thus reducing the pressure to make a deal on-site.

"Bidders and sellers both onsite and online were extremely receptive and enthusiastic about our technologically advanced bidding platform," said Bradley Farrell, CEO of The Finest Automobile Auctions. "It is important to establish trust between the auction house, sellers and buyers - this live auction did exactly that and we can't wait for what's to come at our next auction."

The Finest Automobile Auctions Top 5 Hershey Sales Include:

1.      Lot 133 - 1968 Lamborghini 400GT 2+2 for $577,500

2.      Lot 127 - 1927 Bugatti 38A for $440,000

3.      Lot 144 - 1929 Bugatti Type 40A for $375,000

4.      Lot 132 - 1952 Siata 300BC for $330,000

5.      Lot 128 - 1950 Delahaye for $308,000
Lot 123, a 1923 Hupmobile Series R-11 5 Passenger Special Touring donated by the Bosack Family in Hershey, Pennsylvania, sold for $11,000 with all proceeds benefiting the Juvenile Diabetes Research Foundation.
The Finest is now accepting consignments for its upcoming September 17 Aspen Snowmass auction. For more information about The Elegance at Hershey auction results, to consign a vehicle or to sign up to receive more information, please visit The Finest Automobile Auctions<http://www.thefinest.com/>.
Frequent updates and images can also be seen by following The Finest on Instagram @TheFinestAuctions<http://www.thefinest.com/%20%20https:/www.instagram.com/thefinestauctions/>.

About The Finest Automobile Auctions
The Finest Automobile Auctions<http://www.thefinest.com/>, based in Bedford Hills, New York, is a technology company and auction house focused on delivering the finest experience for collector car enthusiasts and offers customized buying opportunities for onsite and online buyers. Powered by Proxibid, the world's most trusted way to connect buyers and sellers of highly valued items, The Finest's unique online platform offers an unparalleled risk management system unlike any other collector car auction house. In addition to the inaugural auction at The Elegance at Hershey, The Finest will be hosting an auction in Aspen Snowmass on September 17. To receive the latest news and information please visit www.TheFinest.com and follow The Finest on Instagram @TheFinestAuctions<https://www.instagram.com/thefinestauctions/>.



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