Filed under: Classics, Auctions, Ferrari

The various auctions that happen during the Monterey car week have been slowly releasing the list of cars that will be up for bid, and from the looks of it there should be some very impressive automobiles finding new owners. A new addition to that list is a 1958 Ferrari 250 TR being sold through RM Auctions, perhaps topping Mecum’s 1959 Ferrari 250 GT TdF as the most significant car available. In fact, RM is calling the car the most important ever offered at its Monterey auction, which is this year celebrating its 25th anniversary.

This particular TR is just one of 21 “Pontoon Fender” 250 Testarossas ever built. It has an extensive racing history in South America, and for the past 14 years has competed in various vintage racing events. While it might not reach the record-breaking $12.2 million paid for another 250 TR last year, we expect a very healthy seven figure price tag. Hit the jump for the press release from RM and browse through the high-res image gallery below.

[Source: RM Auctions]

Continue reading RM to offer 1958 Ferrari 250 TR at Monterey auction

RM to offer 1958 Ferrari 250 TR at Monterey auction originally appeared on Ferrari News on Thu, 24 Jun 2010 09:29:00 EST. Please see our terms for use of feeds.

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Filed under: Classics, Auctions, Ferrari

Back in February we reported that RM Auctions was conducting a private treaty sale for a coveted 1963 Ferrari 250 GTO worth an estimated $16-20 million. This past week, the auction house announced that they had found a buyer for the car, but released limited details on the sale.

According to The Sun, however, the buyer is none other than British radio host Chris Evans, who also paid more than $10 million for a 1961 Ferrari 250 GT California Spyder at an RM auction. The 250 GTO tops his previous purchase, though, at a reported

Filed under: Classics, Auctions, Ferrari

Call it a sign that the recession is abating, or count it as an indicator that, for the extremely wealthy, the recession hardly ever crossed their minds. But any way you cut it, classic Ferraris continue to fetch record prices at auction. And exceptional though it was, this past weekend’s Sporting Classics of Monaco event, held by Canadian firm RM Auctions, was no exception.

The event marked the first time that the venerable auction house - a growing force to be reckoned with on the classic car scene - held an event during the Grand Prix de Monaco Historique. Yet RM still managed to rake in a mind-blowing €33,235,917 ($45 million), matching the all-time record for single-day auction results, which RM itself set in Maranello in May 2007.

The headline results were boosted by the sale of a rare 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB, which went for a high bid of €2,800,000 ($3.8 million), exceeding its estimate and fetching the highest price ever paid for such an example. Several other Ferraris went for seven-figure prices as well, including a 1957 250 GT Tour de France ($3.2M), a 1959 250 GT California Spyder ($2.8M), and a pair of mid-60s-era 275 GTBs that each fetched a million and change.

The rare Prancing Horses were joined by such other notable examples as a 1960 Maserati Birdcage ($3.3M), a 1930 Alfa Romeo 6C Zagato Spider ($1.2M), a Le Mans-spec ‘63 Shelby Cobra 289 ($1M) and a whole slew of Rolls-Royce classics. Follow the jump to delve further into the auction results, and check out the high-resolution images of the headline Superamerica in the gallery below.

[Source: RM Auctions]

Continue reading $3.8M 1962 Ferrari Superamerica boosts record $45 Million at RM Auctions in Monaco

$3.8M 1962 Ferrari Superamerica boosts record $45 Million at RM Auctions in Monaco originally appeared on Ferrari News on Wed, 05 May 2010 14:29:00 EST. Please see our terms for use of feeds.

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Filed under: Classics, Auctions, Ferrari

While the iconic 250 series of 1960s-era Ferraris - including the GTO, California Spyder and Testa Rossa - continue to break records at auction, the models that followed are quickly catching up, as those who lusted after them in their wonder years are coming up with the cash to acquire them today. As with any great collector cars, the more perfect and more rare the specimen, the more it’ll fetch at auction.

Case in point, three classic Ferraris hovering around the 40-year-old mark each sold for seven figures last week at the RM Auctions Amelia Island event in Florida. One example, a rare Daytona Spyder once owned by Edsel Ford II, brought in $1,017,500 - safely inside the $1-1.25 million estimate range. Another, an alloy-bodied 275 GTB/4 in stunning copper, which was purchased new by Luigi Chinetti and displayed at the 1967 New York Auto Show, went for $1,265,000 - a little short of its estimate. It was bested, however, by a meticulously-restored, concours-winning 275 that greatly exceeded its estimate with a $1,650,000 winning bid.

Along with the headline-catching Duesenbergs, these classic cavallinos helped RM achieve an 88% sale rate at Amelia Island, accounting for over $19 million in sales. Further details in the press release after the jump.

[Source: RM Auctions]

Continue reading Three classic Ferraris break the million-dollar mark at Amelia Island

Three classic Ferraris break the million-dollar mark at Amelia Island originally appeared on Ferrari News on Sun, 21 Mar 2010 18:06:00 EST. Please see our terms for use of feeds.

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Filed under: Motorsports, Classics, Auctions, Ferrari

Very rarely does a Ferrari 250 GTO come up for sale, and if it does, you’ll probably never hear about it. Most sales are done behind closed doors, and the amount of said transactions are almost never disclosed to the public. That’s just part of the mystique behind the world’s most valuable car, and it’s partially why the cars are so coveted. Just 36 examples were built between 1962 and 1963, each still in existence and easily carrying an eight-figure price tag. A few years ago, a 250 GTO supposedly changed hands for nearly $30 million, but no one can completely confirm the rumor.

We will, however, have more details about the next sale of a 250 GTO. RM Auctions have announced that they will be doing a “private treaty sale” of 1963 250 GTO chassis #4675GT. The car has been in possession of its current Japanese owner, Yoshiho Matsuda, since 1996 (a low point for the value of the car compared to the high prices of the late 1980s), and it has an extensive racing history.

We saw the car at the Pebble Beach Concour d’Elegance back in 2004, and while its Series II bodywork isn’t quite as stunning as earlier models, it’s still an extraordinarily beautiful car. If you’ve got millions of dollars just sitting around, now is the time to break out the checkbook and buy your very own rolling piece of V12-powered Italian artwork. Hit the jump for the official press release from RM or click the high-res gallery below for a beautiful studio shot plus several of our photographs from our 2004 encounter with the car.

Non-Studio Photos by Drew Phillips / Copyright (C)2010 Weblogs, Inc.

[Source: RM Auctions]

Continue reading Ultra-rare 1963 Ferrari 250 GTO up for sale by RM Auctions… will it set a record?

Ultra-rare 1963 Ferrari 250 GTO up for sale by RM Auctions… will it set a record? originally appeared on Ferrari News on Thu, 04 Feb 2010 16:56:00 EST. Please see our terms for use of feeds.

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