MONTEREY, CA.- RM Sotheby’s has continued its strong sales run in Monterey, California, generating in excess of $120 million in auction and post-auction private sales during the first two nights of its flagship event.

Setting the tone for the weekend, the Pinnacle Portfolio - an extraordinary single-vendor collection of post-war sports cars - generated a record $75.4 million on Thursday evening. The outstanding result represents a new record for a private automobile collection sold during a single-day sale.

Comprising a superlative group of iconic sports and racing cars of the 1950s and 60s joined by a superb roster of contemporary supercars, the two-hour Pinnacle Portfolio auction saw 25 vehicles cross the auction podium before a standing-room only crowd, with active bidding throughout the evening both in the room and on the phones, including collectors bidding with Sotheby's representatives.

Road-going race cars topped the bill at the Thursday sale, with the historic 1964 Ferrari 250 LM and the 1998 McLaren F1 ‘LM Specification’ leading a string of 14 individual million-dollar-plus sales. Boasting a rich racing history, the 1964 Ferrari 250 LM roared onto the auction stage to applause from the crowd before selling for a final $17.6 million – a new record for the model at auction. Likewise, the 1998 McLaren F1 ‘LM-Specification’, one of the most iconic supercars of the modern era, also set an auction benchmark. Extraordinarily rare – it is one of only two examples upgraded by McLaren Special Operations to feature an LM-spec engine and the ‘Extra High Downforce Package’ – it realized a remarkable $13.75 million.

As a group, the roster of contemporary supercars included in the Pinnacle Portfolio attracted tremendous pre-sale attention, which translated into spirited bidding and numerous lots exceeding expectations. Rounding out the top three sales of the evening, the 2005 Ferrari Enzo, gifted by the factory to Pope John Paul II and later sold to benefit tsunami victims, achieved a terrific $6,050,000, shattering the previous auction record for the model.

Within hours of the sale’s conclusion on Thursday, the 1959 Ferrari 250 GT LWB California Spider of the Pinnacle Portfolio sold privately for $8,500,000, which has been added to the impressive sale tally.

The momentum continued Friday evening with an additional 12 vehicles achieving million-dollar-plus results. Top honors went to the legendary 1953 Jaguar C-Type Works Lightweight, chassis XKC 052, one of just three examples built, which raced to an outstanding $13.2 million to enter the history books as the most expensive Jaguar ever sold at auction. Other highlights of Friday’s auction included a landmark 1950 Ferrari 275S/340 America for $7,975,000; and, a stunning 1952 Jaguar XK120 Supersonic for $2,062,500. A 1910 American Underslung Traveler Toy Tonneau soared past high estimate to achieve a record $1,815,000.