Media Release


RM AUCTIONS TO OFFER MOST VALUABLE CAR

Monterey Sports & Classic Car Auction

Famed 1958 Ferrari 412 S, One of the Greatest Racing Ferraris in History, Expected to Break $6.5 Million Record at Prestigious Auto Auction – August 19, 2006

BLENHEIM, Ontario, Canada (June 27, 2006) – RM Auctions, North America’s premier collector car auction house, is honored to present the legendary 1958 Ferrari 412 S race car at the 2006 Monterey Sports and Classic Car Auction on Saturday, August 19, 2006 at the Portola Plaza Hotel in Monterey, California. This one-of-a-kind racing Ferrari, one of the greatest racers in Ferrari’s famed motor sports history, driven by legendary drivers like Phil Hill and Richie Ginther, is the most valuable car ever offered before at a North American auction. The 412 S is predicted to smash RM's own record-breaking sale of the Le Mans winning 1962 Ferrari Testa Rossa 330 TRI/LM that sold at RM’s 2002 Monterey sale for $6.5 Million.

“The 412 S is by far, one of the most valuable automobiles in the world,” said Rob Myers of RM Auctions. “From the dominant engine to the long list of racing giants who have climbed behind the wheel, the 412 S has everything serious collectors could ask for. We anticipate significant international bidding at our Monterey sale for the opportunity to own one of the rarest Ferraris in history.”

There is no question the ex-Scuderia 1958 Ferrari 412 S (with chassis number “0744”) with coachwork originally by Scaglietti is one of, if not the greatest, sports racing Ferraris ever built. This historically significant car represents one of the only examples Ferrari built specifically to challenge American racers on the North American SCCA circuit. Throughout its life and different owners, the 412 S was continually raced by a who’s who of famed drivers such as Phil Hill, Richie Ginther, Skip Hudson, Fred Knoop and Steve Earle, who used it to promote the first Monterey Historic Races in 1973.

This absolutely singular and peerless racecar is capable of developing more than 440 horsepower from its Vittorio Bellantani-designed four-cam, twelve-cylinder engine, the most powerful engine offered by Ferrari at the time. The engine installed by the Ferrari Factory in the 412 S was originally used in the De Portago 335 S racer that had been constructed for use in the 1957 Mille Miglia race. Following the race, the engine was returned to the Factory where it was further improved and essentially hot rodded for use in the single seat racecar entered in the “Race of Two Worlds”. At the Monza Indianapolis “Race of Two Worlds,” Luigi Musso qualified for the pole, pushing the car to speeds in excess of 174 mph on one of the world’s most competitive tracks.

Following the race and at the request of its first privateer owner, John Von Neumann, the special engine was mated to a new sports racing chassis which had just finished competing as a Ferrari factory team car. It was at this juncture that the nomenclature of the 412 S became widely known and designated as the 412 MI (Monza Indianapolis). Von Neumann campaigned the car until he sold it to J.B. Nethercutt in 1959. The 412 S has since changed several times and has competed in some of the world’s premier vintage racing events.

The 412 S represents the ultimate opportunity to own a singular example of Ferrari’s greatest achievements with a provenance that includes nearly every major racing event around the world while offering, as the great Phil Hill describes, “the most delicious sound of any vintage Ferrari.” The 412 S was visually inspected, scrutinized and certified in 2005 by the Factory, which verified that the engine and drivetrain have been maintained regularly while in the stable of its current owner for the last 11 years.

RM Auctions will offer approximately 200 of the world’s finest vintage motor cars at the 2006 Monterey Sports & Classic Car Auction. The auction will be held at the elegant Portola Plaza Hotel at Fisherman’s Wharf in Monterey, California. Activities are held August 17, 18 & 19, with auction previews daily on Thursday, Friday and Saturday from 9:00 a.m. until 6:00 p.m. The auction sale times are 6:00 p.m. to 12:00 a.m on Friday, August 18 and Saturday, August 19.

Admission to the Monterey Sport and Classic Car Auction sale is $30 per person, with children 12 and under admitted free of charge. An auction catalog is available for an additional $80 U.S., including shipping and handling within North America, by calling 800-211-4371 or the website below.

Celebrating more than 26 years in the collector car industry, RM Auctions Inc. and its sister companies are responsible for acquiring, restoring and selling of the world’s rarest and most expensive vintage automobiles including Best of Show winning cars at the prestigious Meadow Brook and Pebble Beach Concours. For additional information on RM Auctions Inc., and this event please contact Terrance D. Lobzun at: (800) 211-4371 tlobzun@rmauctions.com or visit the corporate web site at www.rmauctions.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