Media Release


$5.6 MILLION FERRARI TOPS RECORD BREAKING CLASSIC CAR WEEKEND IN MONTEREY

Monterey Sports & Classic Car Auction

Historic 1958 Ferrari 412 S is Top Seller at Monterey’s Famed Classic Car Weekend as RM Auctions Establishes New Sales Record of $43 Million

BLENHEIM, Ontario, Canada (August 25, 2006) – RM Auctions, North America’s premier collector car auction and restoration house, sold the legendary 1958 Ferrari 412 S race car for $5.61 Million at the 2006 Monterey Sports and Classic Car Auction on Saturday, August 19, 2006 at the Portola Plaza Hotel in Monterey, Calif. This one-of-a-kind racing Ferrari, was the top car sold at auction during the prestigious Monterey Classic Car Weekend.

The two-day auction (held on August 18-19) set the record for total sales during the Monterey weekend with $43 Million collected for 191 extraordinary automobiles offered, including a rare 1957 Ferrari 500 TRC Spider, that sold for $2.28 Million. Eight cars from RM’s offering sold for seven-figure prices. A full list of results from the auction is available at www.rmauctions.com.

“Very rarely do cars of the 412 S’ significance cross the auction block which led to considerable bidding, not only domestically but from an international audience,” said Rob Myers of RM Auctions.

The ex-Scuderia 1958 Ferrari 412 S with coachwork by Scaglietti is one of the most significant sports racing Ferraris ever built. This car was one of the only examples Ferrari built specifically to challenge American racers on the North American SCCA circuit. The 412 S was raced by a who’s who of famed drivers such as Phil Hill, Olivier Gendebien, Richie Ginther, Skip Hudson, Fred Knoop and Steve Earle, who used it to promote the first Monterey Historic Races in 1973. Hill described the sound of the 440 HP Vittorio Bellantani-designed, four-cam, twelve-cylinder engine as “the most delicious sound of any vintage Ferrari.”

Eight cars in total surpassed the million dollar mark including: § 1929 Bentley Speed Six Dual Cowl Tourer $1.82 Million § 1994 McLaren F1 $1.71 Million § 1930 Duesenberg Model J Sport Berline $1.65 Million § 1937 Bentley 4 ¼ Liter Fixed Head Sport Coupe $1.27 Million § 1964 Shelby Cobra “B” Production Racing Car $1.24 Million § 2004 Maserati MC12 (the first in the U.S.) $1.07 Million

Another historically significant offering at the Monterey auction was Pope Paul VI’s 1964 Lincoln Continental Limousine. This Papal limo’s distinctive “bubbletop” design is a lasting image of the Pope’s landmark U.S. appearance, the first by a Pontiff to the Western Hemisphere. The $319,000 sales price showed the value a celebrity, political or religious figure can add to a collector car and the limo joins a numerous list of “star cars” sold by RM including James Bond’s 1965 Aston Martin DB5 (in January 2006) and another Lincoln limousine built for Jackie Kennedy (January 2005).

Radical “Kustom” cars featured during the Friday night portion of the sale brought strong prices like the radical, space-age 1955 Ford Custom “Beatnik Bubbletop” from designer/builder Gary “Chopit” Fioto which sold for $396,000.

Rounding out a tremendous Monterey weekend, RM’s acclaimed Restorations Division captured the coveted “Best of Show” honors at the famed Pebble Beach Concours d’Elegance for the 1931 Daimler Double-Six 50 Corsica Drophead Coupe owned by Robert M. Lee of Reno, Nevada. The win is RM Restorations third in the last six years (the first time ever for a restoration company) and completes the Concours d’Elegance “triple crown” as RM-restored automobiles were also awarded “Best of Show” honors at the Amelia Island and Meadow Brook Concours events earlier this year.

Following the success of the Ferrari 412’s sale, RM Auctions has announced an exclusive auction at the lengendary Ferrari factory in Maranello, Italy in May 2007. The sale is the first announced for RM’s new European Division that will host European auction events in association with Sotheby’s. Further details will be announced soon.

Celebrating nearly 30 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 North America’s most prestigious Concours events. For additional information on RM Auctions Inc., and this event please call: (800) 211-4371 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