Pre-WWII Alfa Romeo tops Paris auction with $4.18 million sale

Cars Crazy

Cars Crazy

2017-02-09 16:19:41

A historic Alfa Romeo has topped the latest RM Sotheby's classic car sale, selling in Paris for more than $4 million.

The auction, held as part of the renowned, week-long Retromobile event, realized a grand total of €27,576,400 ($29,451,595), setting a new record for an RM Sotheby's sale in Paris.

The 1934 Alfa Romeo Tipo B P3 on offer was the 6th of 7 second-series wide-body examples built, and had previously been driven by racing legends such as Tazio Nuvolari and Rene Dreyfus.

Having been campaigned by Scuderia Ferrari during the 1934 and 1935 seasons, the car was described as "one of the most important and coveted of all pre-war Grand Prix cars" and fetched a final price of €3,920,000 ($4.18 million).

The sale was notable for a string of impressive results achieved by modern-era Porsches, as the market for the German marque continues to rise.

Leading the selection was a highly original, 1988 Porsche 959 Sport, one of only 29 examples ever built, which sold from a private Swiss Collection for a record €1,960,000 ($2.09 million).

There were also strong prices achieved by a 1995 Porsche 911Turbo Cabriolet which sold for €1,344,000 ($1.43 million), and a rare 1994 Porsche 911 Turbo S 3.6 which sold for €901,600 ($962,277).

There were also seven-figure results for a 1973 Ferrari 365 GTB/4 Daytona Spider which sold for €2,156,000 ($2.3 million); 1965 Ferrari 275 GTB which fetched €1,932,000 ($2.06 million); and a 1962 Ferrari 250 GT Cabriolet Series II which realized €1,232,000 ($1.31 million).

"The Paris sale has been important on a number of levels," said Peter Wallman, Managing Director of RM Sotheby’s Europe. "More than anything, the results demonstrate that the European market remains incredibly strong, with the prices achieved providing a robust continuation of what we achieved in London last September and Milan in November.

"Collectors are looking for quality, and rarity remains the key driver to some of the most significant values. Clearly, Porsche is still the star marque in the ascendance, although the Alfa Romeo P3 reminds us that the true greats of the pre-war era still command much attention from serious collectors where pure beauty, heritage and provenance are the cornerstones of desirability."

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