Classic Ferraris top RM Sotheby's London sale

Le Mans Lover

Le Mans Lover

2015-09-09 09:07:28

Classic Ferraris led the way at the most recent RM Sotheby's London auction.

In front of a packed house at Battersea Evolution in central London, a stunning selection of hand-picked automobiles raised more than $25 million in the space of just four hours.

In total the auction realized a total of £16,658,410 ($25,404,075), topped by a historic 1958 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’. With a rich period racing history, and a freshly rebuilt V12 engine, the car offered an entry into the world's most exclusive vintage racing events and sold for £4,760,000 ($7.3 million).

“Last night represented our ninth consecutive sale in Battersea Park and it turned out to be another great success. The market is seeing that real quality is still commanding strong money, and it doesn’t come much better than the Ferrari 250 Tour de France which headlined Monday’s sale,” said Max Girardo, Managing Director of RM Sotheby’s Europe.

Further notable results for the Italian marque included a 1964 Ferrari 250 GT/L Berlinetta 'Lusso' which sold for £1,232,000, and a 1992 Ferrari F40 which realized £845,600.

Elsewhere, highlights included a 1964 Maserati Mistral 3.7 Spyder once owned by British screen icon Diana Dors, which sold for a new model-record of £526,400; a stylish 1965 Aston Martin DB5 Vantage which brought £784,000; and a 1995 Bugatti EB110 Super Sport which sold for £627,200.

“To achieve in excess of £16.6 million in sales demonstrates that the market still has a lot to offer, and RM Sotheby’s is definitely leading the way," added Girardo. "We welcomed bidders from 26 countries, of which 23 percent were new clients to RM Sotheby’s. It was particularly fantastic to welcome so many Sotheby’s clients to the sale, further demonstrating how the partnership is working to build a truly global platform for collector cars.”

The next RM Sotheby’s car sale takes place in Hershey, Pennsylvania on October 8-9.

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