RM Auctions' Monaco event scores big with record sales

Ferrari 625 TRC Spider

RM Auctions’ in Monano has proved yet again that classic Ferrari models will never lose their value. A 1957 Ferrari 625 TRC Scaglietti Spider was auctioned off for an staggering €5,040,000, or about $6.4 million, a record for this particular model. This was the first time in 30 years that this model was available for auction and it is one of the only two models ever built.

Next to this Ferrari, Monaco scored impressive sales of up to €33.5 million, about $43 million at the current exchange rates. The list of the most expensive models include: a 1952 Ferrari 225 Sport Spyder ’Tuboscocca’ and a 1966 Ferrari 206 S Dino Spyder each fetching an impressive €2,520,000 (about $3.2 million), a 1971 Ferrari 365 GTS/4 Daytona Spyder sold for €1,008,000 ($1.3 million), the Ferrari F1-2000 Racing Car raced by Michael Schumacher on his way to the 2000 Driver’s Championship for €806,400 ($1 million), and the highly anticipated 1953 Timossi-Ferrari ’Arno XI’ Racing Hydroplane for €868,000 ($1.1 million).

"Monaco 2012 has been a fantastic success. With in excess of 33.5 million sold, this sale rates as one of Europe’s highest grossing collector car sales of all time and most certainly the highest grossing collector car auction in Europe this year. Once again, RM has proved itself to be the preeminent force in the collector car auction scene," says Max Girardo, Managing Director, RM Europe.


4 comments:

Elongated vehicle, but still unattractive to me. It’s luxurious, but not appealing.

I don’t expect this car would be the biggest asset of RM auctions to have huge record sales.

How did this happen? To me, it is a big impossibility as one would rather choose a newer car.

This is appalling to me, who has never appreciated the value of deeply vintage cars. I just don’t see the point of collecting it or driving it, when you can avail of a much flashier one at the same price.

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