Media Release


1951 FERRARI 340 AMERICA BARCHETTA TOPS THE LOTS AT RM SOTHEBY'S €27.5 MILLION MONACO SALE

Monaco

 

  • 1951 Ferrari 340 America achieves €7.280.000 in packed auction room at Le Sporting Monte Carlo
  • Six lots achieve prices in excess of €1.000.000
  • 1939 Bugatti Type 57 Cabriolet highlights the Quattroruote Collection, achieving €660.800
  • 1995 Lamborghini Diablo SE30 Jota also achieved a record price €672,000
  • Complete RM Monaco results available at www.rmsothebys.com
  • RM Sotheby’s continues summer auction calendar in Monterey, California, 19-20 August, closely followed by its 10th annual London sale, 6-7 September in the UK

 

MONACO (16 May, 2016) - RM Sotheby’s, the world’s largest collector car auction house for investment-quality automobiles, returned to Monaco this past weekend (14 May) for another successful sale alongside the Grand Prix Historique. Conducting two separate sales sessions during a single day, RM’s 2016 Monaco tally exceeded €27.5 million* ($31,187,305 US) and saw several records tumble.

 

All eyes were on the star lots offered during Saturday’s evening sale, which was packed with an audience of international bidders, creating the electric atmosphere that we have come to expect from the magnificent Le Sporting venue. The top sale of the night was the 1951 Ferrari 340 America Touring Barchetta, chassis no. 0116/A, known as one of the first ‘big engine’ competition Ferraris. Boasting an exceptional competition pedigree, it was raced in the 1951 and 1952 Le Mans 24 Hours and entered in nine Mille Miglia road rallies from 1984 to 2006, and deserved to make €7.280.000. The second highest price paid on the night was for the incredible 1997 Porsche 911 GT1 Evolution, chassis no. GT1 993-117, the only known road-registered example, and one of just 14 GT1 race cars in private hands.  Also boasting an extensive competition history, the GT1 came to auction following a recent comprehensive restoration, passing onto its third owner for a record-breaking €2.772.000. Rounding out the top three sales was the beautiful and incredibly original 1966 Ferrari 275 GTS, chassis no. 07805, a very desirable car which realized €1.792.000.

 

 

Earlier in the day, eager enthusiasts took their seats for the sale of the famous Italian Quattroruote Collection, which contained an eclectic mix of 37 cars, motorcycles and memorabilia, all offered without reserve. The collection sold well and was headlined by the beautiful 1939 Bugatti Type 57 Cabriolet, chassis no. 57731, which exceeded estimate at a strong €660.800. The imposing 1930 Hispano-Suiza H6B Coupé Limousine, chassis no. 12306, was the second most valuable car in the collection, bringing a final €106.400.

 

Peter Wallman, Managing Director of RM Europe says: “By any standards, we have enjoyed a successful sale this weekend with in excess of €27.5 million sold. The Ferrari 340 America was the most expensive car sold in Monaco this weekend and a number of model specific records have also been achieved. We remain broadly positive about the continued growth in certain areas of the market and are looking forward to a summer of strong sales.”

 

Proving that demand for modern era supercars remains strong, other notable sales included the 2004 Aston Martin DB AR1 for an auction record-breaking €336.000, while the 1995 Lamborghini Diablo SE30 Jota also soared past high estimate to bring €672.000 – a record for a Diablo at auction. The 2001 Ferrari 550 Barchetta Pininfarina was another notable sale, achieving an excellent, above-estimate €504.000.

 

 

RM Sotheby’s Monaco 2016 – Top 10 Sales

1.     Lot 232 - 1951 Ferrari 340 America Barchetta: €7.280.000

2.     Lot 261 - 1997 Porsche 911 GT1 Evolution:  €2.772.000

3.     Lot 243 - 1966 Ferrari 275 GTS: €1.792.000

4.     Lot 266 - 1948 Tucker 48: €1.344.000

5.     Lot 224 - 1955 Mercedes-Benz 300 SL Gullwing:  €1.232.000

6.     Lot 262 - 1952 Ferrari 212 Inter Cabriolet : €1.176.000

7.     Lot 253 - 1988 Porsche 959 'Komfort' Stage II: €896.000

8.     Lot 241 - 1995 Lamborghini Diablo SE30 Jota: €672.000

9.     Lot 139 - 1939 Bugatti Type 57 Cabriolet: €660.800

10.   Lot 244 - 1973 Porsche 911 Carrera RS 2.7 Touring: €610.400

 

RM Sotheby’s returns stateside to continue its busy summer schedule, hosting its annual Motor City sale, 30 July in Michigan, closely followed by its flagship Monterey, California sale, 19-20 August, during the world-famous Pebble Beach Concours d’Elegance week. RM Sotheby’s returns to Europe, 6-7 September to celebrate a decade of central London sales. A fixture on the global collector car calendar, the London event – the official auction of the UK’s Concours of Elegance – will present approximately 100 blue-chip motor cars.

 

For complete results from RM Sotheby’s Monaco sale and further information on upcoming events, please visit www.rmsothebys.com or call RM’s London office at +44 (0) 20 7851 7070.

 

*Results are listed in Euros and include 12 per cent buyer’s premium for automobiles and 17 per cent on all other lots. Sale totals include post-sale transactions. Exchange rate used: €1 = $1.13 USD, €1 = 79p GBP.

 

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About RM Sotheby’s

RM Sotheby’s (formerly RM Auctions) is the world's largest auction house for investment-quality automobiles. With 35 years’ experience in the collector car industry, RM's vertically integrated range of services, from private treaty sales and auctions to estate planning, and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. As a company, RM Sotheby’s has established numerous auction benchmarks, including the current record for the highest-grossing collector car auction of all time, with $172.9 million in sales at its 2015 Monterey event. In February 2015, RM formed a strategic partnership with Sotheby’s, uniting the two companies for the full calendar of future automobile auctions. For further information, visit www.rmsothebys.com.  

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more