RM takes Europe by storm with €41million Monaco mega-sale

0

Auction records tumbled during RM Auctions' frenzied €41million Monaco auction on 10 May, with Ferraris dominating the results. 

Top of the pile – and a new world record for the model – was a 1966 Ferrari 275 GTB/C, which crossed the block for a massive €5,712,000. It went into the sale with an upper estimate of €5m, but its fantastic provenance (as well as being just the ninth car off the production line) was enough to excite the packed saleroom.

Coming close to breaking the €5m barrier was a 1959 Ferrari 250 GT Cabriolet by Pinin Farina, which eventually sold for €4,704,000. It has covered just 50,583 miles since new, and was previously owned by Bob Grossman, William McKelvy and Glenn Mounger. 

Next in the big money stakes was a 1967 Ferrari 330 GTS. The pretty droptop had previously won Best of Show at the 2011 Concorso Italiano and was one of only 99 built. It sold for €2,128,000. 

Fourth in line, again from 1967, was a Ferrari Dino 206 S Spider. Estimated at €1.5-2m, it beat its upper estimate to sell for €2,072,000. One of just 18 cars produced, it had travelled from Italy to the United States and was successful in concours events. 

Completing the five top results was a 1968 Alfa Romeo Tipo 33/2 Daytona, raising a healthy €1,260,000 – going close to it's upper estimate of €1,350,000. The car was raced in period by Nino Vaccarella and offered its new owner an easy ticket to countless historic motor races. 

The Italian success didn't translate into English, with a 1958 Lister-Jaguar 'Knobbly' – believed to be the first prototype – falling some way short of its €1,500,000 lower estimate to sell for 'just' €1,176,000. 

The last car to top the million Euro mark was a 1966 Brabham-Repco BT20 Formula One car, which sold for €1,092,000. 

It was followed by two more Ferraris, a 1997 F50 that made €907,200, and a 2003 Enzo at €868,000.

Best Maserati bid came for a 1956 450S prototype by Fantuzzi, but despite and offer of €3.5m it remained unsold.

The much-publicised ex-James Hunt Hesketh 308 fell disappointingly short of estimate, making just €280,000 against a low estimate of some €70,000 more.

For us the biggest bargain of the auction was a fantastic rally De Tomaso Pantera that was sold for just €40,000. At that price it was worth either running on the rough or converting back to a road car.

It may seem bizarre, but if the boom keeps going, the €728,000 paid for a 1968 Toyota 2000GT could prove to be a bargain. Matching the inexorable rise in values for the Toyota is the Lancia Aurelia B24S Spider, a 1955 example making €784k in the principality.

Perhaps the biggest surprise was the €308,000 paid for a 1962 Ferrari 250GTE 2+2; let's hope it's not destined to become yet another replica of a more valuable model. 

Equally astounding was the €571k shelled out for a 1959 Lancia Flaminia Sport Zagato and the €268,000 paid for a De Tomaso Mangusta.

Similarly, the Lancia D50 recreations instigated a decade ago were obviously a good investment, one of them selling for more than €800k in Monaco.

RM has hailed the Monaco event as its best ever European sale results, claiming 93% of lots sold. Its next sale will take place at Motor City, Michigan on 26 July.

Click here for more information 

Add your comment

  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <p> <br> <img>
  • You may quote other posts using [quote] tags.

More information about formatting options

You must be logged in to comment
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.