Autoweek.com is calling it the “feast of Ferrari”, which would indicate the RM auction held in Monaco at the weekend was led by a “stunning line up of rare and classic automobiles” – including a superb collection of Ferraris.

It is no surprise that the auction totalled more than £29 million, with a rare 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB going for a record breaking £2.five million. A number of other classic Ferraris also contributed to the enormous total amount, such as a 1962 Ferrari 250 GT SWB Berlinetta which sold for £2.three million and a 1957 Ferrari 250 GT LWB Tour de France which sold for £2.1 million and last but by no means least, a 1959 Ferrari 250 GT LWB California Spyder, which garnered £1.8 million.

“The inaugural Sporting Classics of Monaco auction, held at the Grimaldi Forum on 1st May well, saw five automobiles fetch costs in excess of £1.7 million and two new world records”, according to RMAuctions.com. The pinnacle was the 1937 BMW 328 Mille Miglia Bügelfalte, which was sold much less than 24 hours soon after the end of the auction for a confidential figure- having reached a high bid of £3.8 million.

It has been reported that registered bidders from 33 diverse countries had been present at the auction over the telephone, via the internet or in individual at its very first ever event in Monaco, held in conjunction with the Historic Grand Prix.

RM have reported that “88 of the 105 pre and post war motor cars changed hands to produce an 86% sell-through rate”, generating Sporting Classics of Monaco’s debut one of the most profitable automobile auctions ever held.

 

Ferrari Motor Sports