RM AUCTIONS LONDON SALE RESULT HIGHLIGHTS

SPECTACULAR 1956 FERRARI 250 GT 'TOUR DE FRANCE' LEADS RM AUCTIONS' £22 MILLION LONDON SALE

 RM concludes yet another incredible London auction with approximately £22 million in sales and 86 percent of all lots so

• Packed auction room sees international audience representing 35 countries fight to secure some of the best preserved, low mileage collector cars ever offered to market
• Top sellers: 1956 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’ secures £4,872,000, while rare 1966 Ferrari 275 GTB Alloy achieves £1,960,000
• Highly original 1964 Shelby 289 Competition Cobra with wonderful provenance realizes £1,176,000
• Full results available online at www.rmauctions.com

 

LONDON (9^th September, 2014) – RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, successfully concluded its eighth London sale in Battersea Park last night, bringing 80 fabulous motor cars - and one rocket - to market in a £21,811,945 ($36,348,733 USD)* auction extravaganza.  With an impressive 86 percent of all lots sold, the central London sale, held in partnership with the Concours of Elegance at Hampton Court Palace, rounded out RM’s 2014 European calendar in spectacular style, attracting a packed room of international bidders.

 

Top sales honours went to the highly anticipated 1956 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’, chassis 0563 GT, one of only nine built by the Maranello factory. With extensive period racing history, including two top ten finishes in the legendary Tour de France road race, the pure-bred competition Ferrari attracted strong interest from bidders in the room and on the telephones, eventually selling for a remarkable £4,872,000. The second highest sale of the evening went to another rare Maranello car, a 1966 Ferrari 275 GTB, chassis 08199, one of only 60 constructed with alloy bodywork. Freshly restored, this magnificent matching-numbers example achieved £1,960,000. Proving that not every big-selling car needs a prancing horse on its badge, the third top sale went to the awesome 1964 Shelby 289 Competition Cobra, CSX 2430, which rumbled its way onto the block, shaking the seats of the excited audience before achieving £1,176,000.

 

“It is wonderful to be reflecting on yet another remarkable sale,” says Max Girardo, Managing Director, RM Europe. “The London auction has always delivered great cars to the market and achieved strong results, and this year has been no exception. The results, which include a strong 86 percent sell through, are a true reflection of the quality of the vehicles presented.”

 

It wasn’t just the top-tier automobiles that drew strong attention from bidders during the four-hour sale. Many of the cars offered were noteworthy for their low mileage, ‘as new’ presentation. One prime example, a 1989 Ferrari 328 GTS, presented in the classic colour combination of Rosso Corsa with beige leather interior, and showing less than 200 kilometres from new, achieved an amazing £156,800 against a pre-sale estimate of £65,000 - £95,000.  Proving that supercars of the 1980s and 90s are very much in demand, a stunning 1990 Lamborghini Countach 25^th Anniversary model with just 2,600 kilometres, made a very impressive £224,000 against a pre-sale estimate of £140,000-£180,000. Another 1980s icon, a 1984 Peugeot 205 Turbo 16, a rare example of the mid-engined, Group B homologated WRC car in road-going trim, more than doubled its pre-sale estimate at a final £156,800.

 

The amazing CIAM-NASA Hypersonic Flying Laboratory ‘Kholod’, which garnered significant pre-sale media attention, took pride of place outside the Battersea auction venue. The fastest serially produced machine to travel within Earth’s atmosphere at 4,925mph, this fascinating aerospace artefact sold for £38,025.

 

RM Auctions London - Top 10 sales

Lot 156	1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France'	£4,872,000
Lot 163	1966 Ferrari 275 GTB Alloy	£1,960,000
Lot 139	1964 Shelby 289 Competition Cobra	£1,176,000
Lot 140	2003 Ferrari Enzo	£952,000
Lot 151	1989 Ferrari F40	£761,600
Lot 130	1968 Lamborghini Miura P400	£649,600
Lot 126	1958 Mercedes-Benz 300 SL Roadster	£616,000
Lot 157	1937 Bugatti Type 57C Stelvio	£593,600
Lot 121	1955 Lancia Aurelia B24 Spider America	£560,000
Lot 117	1970 Ferrari 365 GTB/4 Daytona Berlinetta	£543,200

 

RM Auctions rounds out its 2014 auction season with two upcoming North American sales: its annual Hershey, Pennsylvania sale, held October 9-10 during the renowned AACA Eastern Regional Fall Meet, and the Sam Pack Collection, a single-vendor sale, November 14-15 in Dallas, Texas. RM’s next scheduled European sale will be hosted in Paris, France on February 4, 2015 during the world-famous Retromobile show week.

 

Full results from RM’s London sale along with further information on upcoming events is available online at www.rmauctions.com.

Source RM Auctions 2014