Ferrari – Leggenda e Passione, may,20

Discussion in 'Events' started by ajzahn, Mar 28, 2007.

  1. The auction organised by RM Auctions in association with Sotheby's at Ferrari's Fiorano Circuit in Maranello on Saturday proved to be extraordinarily successful. Not only were almost all of the cars put up for auction sold but they also achieved record prices: the 330 TRI/LM Testa Rossa Spyder, the last front-engined car to win at Le Mans, went for 7 million Euro (including taxes and auction fees); the 1953 340/375 Berlinetta Competizione in the Carrera Panamericana livery was sold for 4,200,000 Euro; the 340 MM Touring for 2,350,000 Euro; and two splendid 250 SWB Scagliettis reached prices of 1.9 million and 2.1 million Euro respectively.

    There was also very heated bidding for the yellow 1971 Daytona Spider which went for in excess of 1 million Euro, while the famous 1970 512 S, one of the great protagonists of the World Sports-Prototype Championship, was sold for 2.7 million Euro and the "little" Dino Sport, with a capacity of just under two litres, went to a Japanese collector for 2.4 million Euro.

    The memorabilia section attracted enormous attention from collectors too with the F1 steering wheel achieving in excess of 60,000 Euro and the bidding for a 1:2 scale model of the F1 car made for wind tunnel testing reaching over the 47,000 Euro mark.

    Other unusual lots that caught the eye and imagination of bidders included a poster for the Cuban GP (15,000 Euro), an old Ferrari watch (12,000 Euro) and the tandem made by Colnago for the Ferrari Store (in excess of 10,000 Euro). Last but far from least was the Mille Miglia Cup that Luca di Montezemolo wanted to buy for the Galleria Ferrari and which RM Auctions co-founder wanted to give the Company as a gift, was sold for 30,000 euro while the 599 GTB Fiorano that starred in the 2006 Panamerican 20,000 tour - still complete with decals and still with a slighter higher set-up to cope with the tough Andean roads - went under the hammer for 300,000 Euro.

    The auction ended at 18.30 with a burst of enthusiast applause: a spontaneous acknowledgement of the enormous value placed on the magical world of Ferrari by enthusiasts and collectors all over the world. (
  2. #27 ajzahn, May 29, 2007
    Last edited by a moderator: Apr 25, 2016
    RM Auctions - Ferrari Leggenda e Passione 20th May 2007 - Review
    Scarlet Fever

    A little bit of North American showmanship came to Maranello last Sunday, in the form of Ontario auctioneers RM, in association with Sotheby’s, holding their first all-Ferrari sale at the Fiorano track. The results were, to say the least, spectacular.

    So successful was the sale that all but one car was sold – and I’m sure Rob Myers will be trying to post-sale that one as I write – at an average selling price of over one million dollars, the auction as a whole grossing $US46 million.

    Top money went to the 1962 Ferrari 330 TRI/LM Testa Rossa , selling for Euro 6,875,000 (a figure that includes buyer’s premium, as all our prices do, and equates to around £4,708,904 or $US9,231,063). This was the Le Mans-winner of that year, had been driven by the ultra-successful pairing of American Phil Hill and Belgian Olivier Gendebien, and was the last in the famous Testa Rossa series of sports racers. Ticking all the boxes in a big way, the saleroom erupted when the hammer finally went down on the aggressive racing Ferrari driven, as were so many of the cars, ‘onto the block’ in the time-honoured North American fashion.

    This was a colossal price, and was just one of several records for the marque made over just a few hours in the technical building at the Fiorano track, normally home to the Scuderia’s transporters and support vehicles.

    Saturday had seen a visit from Michael Schumacher and extensive activities at the circuit, including a VIP reception, while prospective bidders on Sunday enjoyed the company of Ferrari’s President, Luca di Montezemolo, and Chief Executive Officer, Jean Todt, who were showing great interest in the fabulous selection of cars (and automobilia) on offer, all entries carrying full certification of authenticity via the company’s Classiche programme.

    First on stage was the 1986 Ferrari 328 GTS, selling for Euro 44,000, followed by the 1963 Ferrari 250 GTE (Euro 143,000) and ex-Lauda family 1973 Ferrari Dino 246 GT (Euro 132,000). These were strong figures for nice cars, albeit ones of a type available from dealers worldwide.

    The pace hotted up with the arrival of the ex-Massa 2006 Ferrari 248 Formula 1 Grand Prix Car that sold for Euro 1,650,000, while the silver 1966 Ferrari 275 GTB/4, a running car that really needed a restoration, found a new buyer on market value for Euro 605,000 (£414,384/$US812,334). The strong money than started coming in as the red 1985 Ferrari 288 GTO we drove recently went for Euro 440,000 (estimate Euro 325,000 - 375,000) and the big sports racing 1970 Ferrari 512 S went for a top-estimate Euro 2,640,000.

    Edsel Ford was in the saleroom to see his yellow 1971 Ferrari 365 GTS4 Daytona Spider sell for a storming Euro1,045,000 (Estimate Euro 575,000 - 725,000), while the first of the SWBs, a 1960 Ferrari 250 GT SWB Competizione, sold for Euro 2,090,000, the white and green car was on display part-completed, as the new owner will receive a totally restored car from Ferrari Classiche. The ‘Street’ SWB went for Euro 1,870,000.

    Rob Myers, Max Girardo and the rest of the RM team weren’t letting the saleroom - still buzzing from the 330 TRI’s price - rest, because next lot up was an ideal Mille Miglia car (the sale was held the day after this year’s retrospective finished), the 1953 Ferrari 340 MM Competition Spyder, duly selling for Euro 2,310,000.

    The yellow 1985 Ferrari 288 GTO Prototipo wowed onlookers for Euro 506,000 (Estimate Euro 400,000 - 450,000), and then both the 1967 Ferrari 365 California (Euro 715,000) and 1966 Ferrari Dino 206 SP (Euro 2,420,000) had experts reaching for their calculators, before the sale closed with another ‘big one’ the 1953 Ferrari 340/375 MM Berlinetta, resplendent in its Carrera Panamericana livery, sold for Euro 4,235,000 (that’s £2,900,685/$US5,686,335) against an estimate of Euro 2,800,000 - 3,200,000.

    Prior to the motor cars the 70-odd pieces of automobilia garnered Euro 457,413, with only one lot unsold, and the 2005 Formula 1 Steering Wheel achieving Euro 63,250.

    A truly sensational sale, and one that for those used to understated ‘Old World’ auctions a real eye-opener - but an event that made for riveting viewing, with professionalism and showmanship in good measure.

    RM are likely to be holding further sales in Europe this year; as an opener, they couldn’t have wished for more.

    To see the full results, including approximate conversions to £Stg and $US, please CLICK HERE: >>>

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