Once once more, a Ferrari has ascended the throne to develop into the highest-priced car offered throughout an online-only collector automobile public sale, this time throughout RM Sotheby’s Online Only: Shift/Monterey sale.
“The incredible 2001 Ferrari 550 GT1 Prodrive, an icon of modern-era sports car racing, achieved $4,290,000 in a hard-fought bidding war on the final day of the sale,” RM Sotheby’s reported within the outcomes for the August 14-15 public sale, which stood in for the Canadian firm’s customary stay flagship public sale throughout Monterey Car Week, canceled as a result of pandemic.
The complete for the net sale was simply over $30.41 million (outcomes embrace public sale charges) for 78 autos out of 109 provided, for a gross sales fee of 71.56 p.c, together with about $150,000 value of Nostalgia memorabilia objects.
The Ferrari 550 GT1 has fairly an illustrious historical past, the second of 10 Prodrive race vehicles, fully rebuilt and popping out of single possession by Care Racing Development, based on the public sale description. The coupe competed in 49 races, taking 15 pole positions, 29 podium finishes and 14 outright race wins, together with the 24 Hours of Spa in 2004. It is the final V12 Ferrari to win a 24-hour race total.
The Prodrive Ferrari beats out the earlier highest online-only public sale sale, that of a 1966 Ferrari 275 GTB Long Nose lately offered by Gooding & Company for $3.08 million. Before that, the highest online-only vendor was a 2003 Ferrari Enzo offered by RM Sotheby’s for $2.64 million.
But placing the COVID-mandated on-line auctions in perspective, RM Sotheby’s stay Monterey public sale in 2019, which was expanded with an additional day of Aston Martin gross sales, totaled greater than $107 million. In 2018, the Monterey public sale reached a towering $158 million, which included the costliest automobile offered in collector automobile public sale historical past: $48.Four million for a 1962 Ferrari 250 GTO Si coupe.
Still, collector automobile lovers, racers and hobbyists have been heartened by the power of the market throughout this unprecedented time, with public sale firms throughout the board reporting first rate on-line gross sales and values total holding regular.
Ferraris crammed 4 of RM Sotheby’s top-10 on-line Monterey public sale gross sales. A primary-generation short-nose 1965 Ferrari 275 GTB by Scaglietti reached the second highest value within the sale at $1.98 million.
The third-highest vendor was a 2014 Pagani Huayra, which introduced $1.848 million; it’s the 56th of simply 100 bespoke examples produced, powered by a 730 bhp, 6.0-liter twin-turbocharged V12 engine hand-assembled by Mercedes-AMG.
Amidst all of the sports activities vehicles and race vehicles within the prime 10 was a permanent pre-war basic, a 1932 Packard Deluxe Eight Individual Convertible Victoria, which offered for $1.056 million to realize sixth place total.
The prime 10 gross sales for RM Sotheby’s Shift/Monterey public sale had been:
1. 2001 Ferrari 550 GT1 Prodrive, $4.29 million
2. 1965 Ferrari 275 GTB, $1.98 million
3. 2014 Pagani Huayra, $1.848 million
4. 1964 Ferrari 250 GT/L Berlinetta Lusso, $1.496 million
5. 1991 Ferrari F40, $1.386 million
6. 1932 Packard Deluxe Eight Individual Convertible Victoria, $1.056 million
7. 1960 Mercedes-Benz 300 SL Roadster, $1.045 million
8. 1972 Porsche 916, $957,000
9. 1980 BMW M1 Procar, $913,000
10. 1960 Porsche MOMO 356 RSR Outlaw, $858,000
10. 2017 Ford GT, $858,000
(All outcomes embrace public sale charges)
“The Shift/Monterey auction has been a phenomenal success for us,” stated Gord Duff, world head of auctions for RM Sotheby’s. “We’re proud to have grossed more than the combined sales totals achieved by our two nearest competitors during what would have been the Monterey Car Week, and to have set some amazing records along the way.
“It’s also fantastic to see cars from all eras featuring in the top ten results of this sale, proving that there is still robust demand across a broad cross-section of the market.”
RM Sotheby’s continues its Online Only summer time public sale calendar with its 50th annual Auburn Fall sale on September 3-5, with greater than 500 collector vehicles and 400 plenty of memorabilia. The Auburn sale will enable some stay entry as an alternative of being solely on-line.
“The sale will allow admittance to the event for pre-registered bidders and accompanying guests only, making it the only the second RM Sotheby’s sale of 2020 to allow bidders physical access, while maintaining safety protocols as recommended by the State of Indiana,” RM Sotheby’s stated in a information launch.
For data, go to the RM Sotheby’s website.