Top tier supercars go for top dollar at RM Sotheby’s Pinnacle Portfolio auction

Filed under: , , , , , ,

The 25 vehicles in RM Sotheby's Pinnacle Portfolio collection were all special, but at the end of the night four Ferraris were among the auctions top five sellers. The only one to break the Prancing Horse's lead was a very rare examples of the McLaren F1.

Continue reading Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction originally appeared on Autoblog on Fri, 14 Aug 2015 16:44:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

1964 Ferrari 250 LM sets Arizona auction record at $9.6 million [w/video]

Filed under: , ,

RM Auctions moves $63.7 million worth of metal, including a 1964 Ferrari 250 LM that set the record for the highest ever paid at the Arizona event at $9.6 million.

Continue reading 1964 Ferrari 250 LM sets Arizona auction record at $9.6 million [w/video]

1964 Ferrari 250 LM sets Arizona auction record at $9.6 million [w/video] originally appeared on Autoblog on Mon, 19 Jan 2015 10:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

$11.55 million 1964 Ferrari 250 LM highlights RM Auctions’ first night in Monterey

Filed under: , , , ,

RM Auction in Monterey

Some of the biggest auto auctions of the year are held during the weekend of the Pebble Beach Concours d'Elegance. Millionaires gather in hopes of outbidding their contemporaries for incredibly rare cars. As Bonhams' record sale on Thursday of a 1962 Ferrari 250 GTO for $38 million showed, these days the world's most expensive vehicles are found at auctions, often with a prancing horse on the nose.

RM Auctions' Friday sale reinforced this even more when a 1964 Ferrari 250 LM topped the evening by bringing in $11.55 million, after the 10 percent commission. It wasn't the only million-dollar vehicle of the event, though. A 1965 Ford GT40 Roadster Prototype garnered $6.93 million, and a 1966 Shelby Cobra 427 brought $1.705 million. Even a classic 1948 Tucker 48 had a final price of $1.57 million.

Surprisingly, some rather new cars actually brought in quite big money, too. A 2013 Bugatti Veyron 16.4 Vitesse Le Ciel Californien sold for $2.42 million, and a 2006 Ford GT with just 13 miles sold for $407,000.

A few classic racers weren't quite able to nab a sale, though. A 1986 March 86C that won the Indy 500 stalled out at $1.55 million. That was also true of a 1986 Porsche 962 IMSA GTP where bidding reached $575,000 and a 1963 Lola Mk6 GT at $1.2 million.

RM has another night of auctions on Saturday, and there are likely to be even more million-dollar cars changing hands. Check out our gallery of Friday's highlights.

$11.55 million 1964 Ferrari 250 LM highlights RM Auctions' first night in Monterey originally appeared on Autoblog on Sat, 16 Aug 2014 17:44:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video]

Filed under: , , ,

1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi

Classic car auctions take place in locations all around the world, from Monte Carlo and Maranello to Monterey and Manhattan. Or so you might think, but last week marked the first time a major classic car auction took place in the Big Apple in over a decade. And boy did it return with a bang.

The highlight of the auction was the 1964 Ferrari 250 LM we reported on just a few days ago ahead of the event, which sold for a massive $14.3 million. Not only did that come in near the top of its pre-sale estimate of $12-15 million, but it also set a new record for that model and wet down in history as the second most expensive Ferrari ever sold at auction (after the $17 million '57 Testa Rossa sold by Gooding & Company in 2011).

The story would end there following any other auction, but this event - held in conjunction with RM Auctions at Sotheby's headquarters in New York - brought in a whopping $62,797,500 in sales after 93 percent of all lots sold. After the 250 LM, the next most notable set of wheels belonged to the one-of-a-kind 1938 Talbot-Lago T150-C SS Teardrop Cabriolet pictured above. The only surviving convertible version of an iconic art deco car of which only 20 coupes were made, this unspeakably gorgeous classic sold for an impressive $7,150,000.

Other top earners included a 1959 Ferrari 250 GT SWB Competition Berlinetta that sold for $7,040,000 and a 1954 Maserati A6G/2000 Spyder Zagato for $4,455,000. All told, 16 out of the 31 cars sold went for over a million, and eleven set record prices. Scope out the full list in the press release below.

UPDATE: The 250 LM is the third most expensive Ferrari ever sold at auction, after the aforementioned $17 million 250 Testa Rossa and the 1967 275 GTB/4 NART Spyder that sold at Pebble Beach for $27.5 million which we neglected to take into account. (Of course auction standings exclude private treaty sales like the $52 million 250 GTO.) We've also included a video summary of the auction event below for your viewing pleasure.

Continue reading Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video]

Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m [UPDATE w/video] originally appeared on Autoblog on Sun, 24 Nov 2013 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

1964 Ferrari 250 LM expected to net $12-15 million at RM’s NY auction

Filed under: , , ,

1964 Ferrari 250 LM

If you're one of the very fortunate souls that has $12 to $15 million burning a very large hole in your pocket, we've found the perfect way to liberate yourself from the burden of so much money - buy this Ferrari, which is being put up for auction. It's a supremely rare Ferrari 250 LM, the 24th member of a 32-car run, that rolled off the assembly line on what we imagine was a brilliant, sunny Italian summer's day in July of 1964.

Officially known as Chassis 6107, this 250 LM is rare because unlike its brothers, it wasn't originally bought to be a race car. Its first owner used it more or less as a toy, both around town and on the infamous Mulholland Drive, in California. After a pair of owners, it found its way into the hands of an Ecuadorian pair, who kicked off its racing career. Its best result was at the 1968 24 Hours of Daytona, where it finished eighth overall and first in class, although subsequent runs at Daytona and Sebring were less successful. Its most recent owner was a Japanese collector, who purchased the car in 1983 and has had it on display ever since.

The car has been, according to the press release, "gently freshened," and shows just 10,000 miles on a numbers-matching powertrain. It's this originality that separates this 250 LM from the other, hardened racers that made up the 32 original cars. It doesn't have quite the provenance or rarity of a certain Ferrari 250 GTB/4 NART Spider, but its status as a competitor from the glory days of road racing and it's achingly handsome sheetmetal make this a rare car in its own right.

Interested buyers should make their way to RM Auctions' New York event, set to kick off on November 21. This rare 250 LM will be lot number 141, and will be sold on the first day of the show. Take a look below for a detailed press release on Chassis 6107's history, and be sure to check out the gallery of the rare racer up top.

Continue reading 1964 Ferrari 250 LM expected to net $12-15 million at RM's NY auction

1964 Ferrari 250 LM expected to net $12-15 million at RM's NY auction originally appeared on Autoblog on Tue, 19 Nov 2013 17:59:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments