subject: Classic Car News: Rm Auction Is Antidote To Ferrari Fever [print this page] 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 2.5 million. A number of other classic Ferraris also contributed to the enormous total amount, including a 1962 Ferrari 250 GT SWB Berlinetta which sold for 2.3 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, saw five automobiles fetch prices in excess of 1.7 million and two new world records, according to RMAuctions.com. The pinnacle was the 1937 BMW 328 Mille Miglia Bgelfalte, which was sold less than 24 hours 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 different countries were present at the auction over the telephone, via the internet or in person at its 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, making Sporting Classics of Monacos debut one of the most successful automobile auctions ever held.
