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


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.

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