RM/Sotheby's Maranello Auction: anyone going?

buster bram · May 22, 2007

http://www.ferrariownersclub.co.uk/happenings/2007/may/RM/RM%20Maranello%202007.pdf

dan360 · May 22, 2007

Note on this link that the estimates are excluding 10% commission and the results are including it.

Rory J · May 22, 2007

lesliewales said: ↑

Hello there.
I'm curious - how come the 246 GTS only made slightly more than the GT at this auction? Was the GT a better car condition wise or has the fixed head closed up in price on the targa top?

Any answers would be appreciated.

Cheers
Les
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In Europe, the GT is more highly desired than the GTS, more often than not. So values for the GT stays closer to the GTS in typical European sales. It is really only in America that GTS values are so high.

Birel · May 22, 2007

Rory J said: ↑

In Europe, the GT is more highly desired than the GTS, more often than not. So values for the GT stays closer to the GTS in typical European sales. It is really only in America that GTS values are so high.
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Lauda connection or not, neither of those Dino's were very special cars. Spectacular event though !! Would be interesting to know if the pre production F40 sold after the auction, that would give RM 100%.

DM18 · May 22, 2007

dan360 said: ↑

The prices on the RM website are including commission, but not including the VAT.

On the cars, the VAT is only due on the commission, hence 10 going to 12%.

On the automobilia, its 20% on the whole price including commission.

In both cases if you are exporting, then you can get the VAT back - allegedly.

So for example the Red GTO sold for 400K EUR, 440 inc commission the number on RM's site, 448 inc VAT or a shade over 600K for a car that would need work to be US legal. The car in fact had a nice posting on it indicating it could be made US legal "quite easily"

It was fun to be there, but the Daytona was to me the stand out over priced car.

I did pick up the Filippe Massa driving boots from his race winning drive last year in Brazil for 1000 EUR (before all the commission taxes etc) which was half the estimate. Given that someone paid more for a set of Raikkonen gloves that were just used in a practice session as opposed to a race win, I was quite pleasedto have something to bring home.

I'd say it was well run it was certainly a big success from RM's perspective. I looked at a couple of cars and as you'd expect they pulled out the stops to get me access to the right information on the cars - including people from Ferrari. All the cars were Ferrari Classiche certified, and that was a centrepoint of the whole thing - majoring on the "buy with confidence - this car is the real deal".
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Excellent post! Congrats on the boots. You did well!

amenasce · May 22, 2007

dan360 said: ↑

Bear in mind that the Comp car was in pieces and part way through the restoration and was a "pay 50% now the rest later" deal.

I'd say it was still the much better buy, the Lusso is a car with no period history, versus an important car.

There were bidders on most lots in the room, but the big cars seemed to be bought by phone bidders. The 512S went via a Sotheby's rep who was sat directly behind me on the phone to a client.

The Testarossa went to a phone bidder also. There were bidders on both cars in the room as well.

The 288 GTOs both went to bidders in the room.

It seemed to me a crowd of enthusiasts, I certainly enjoyed my trip. I'd go again if this event is held again, its a great excuse to spend a few days at the Ferrari.

One other anecdote, I saw the EVO editor owned Pagani in the parking lot, and when I sat down, imagine my surprise when I realized I was sat directly next to Harry from Evo! I had a very nice chat with him, they're real petrol heads and he had some nice stories to share about their various cars and readers that share cars with them for stories.
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Ahh, so it went for 4m Euros ?!!!

dan360 · May 22, 2007

amenasce said: ↑

Ahh, so it went for 4m Euros ?!!!
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No the price was for the post restoration, the buyer only had to pay half now

tx246 · May 22, 2007

Birel said: ↑

Lauda connection or not, neither of those Dino's were very special cars. Spectacular event though !! Would be interesting to know if the pre production F40 sold after the auction, that would give RM 100%.
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when you say "very special" what do you mean. almost no dino is a special car, are you referring to the condition?

xs10shl · May 22, 2007

Wow, some of these results are truly over the top. I guess everything currently for sale in the States has either quickly sold on Monday, or has already been price-adjusted upward.

DAYTONASME · May 23, 2007

Bill Noon was spot on with his view.

RM's formula of well selected lots + classiche approval + rising market + top location + well organised = staggering results

Good buys - the 330GTMk1 (metallic black) and the 250LM brochure

The Edsel Ford II consigned Daytona Spyder was Ok but not a condition 1 and it would have been good to see either a Lusso or Daytona coupe cross the block - purely for interest!

I just hope the 206SP,340MM and 330TR1 have gone to new homes where they're going to get used and raced hard.

The auctioneering duet of Max Girardo and Peter Bainbridge also worked really well

Overall - a weekend with a factory tour of Ferrari,the RM auction and the '07 Mille Miglia at the Scaglietti factory had this car nut on near overload.......

Well done RM

tomgt · May 23, 2007

Car believed sold to well known UK collector.

dan360 · May 23, 2007

DAYTONASME said: ↑

The auctioneering duet of Max Girardo and Peter Bainbridge also worked really well
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Agree, apart from Peter's tendency to say "1 million dollars" instead of "euros" only to have the audience chant "euros". Funny if you're a brit or an America, I sense less so if you're an Italian...

Craigy · May 23, 2007

Zegna said: ↑

True, but I'm more shocked about the DNS status on the F40 Prototipo. But then again, there had always been a chance of that because the Prototipo is not exactly US legal from what I have gathered.
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Neither is the '62 330 TRI/LM

Hairy · May 23, 2007

tomgt said: ↑

Car believed sold to well known UK collector.
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PK or DC?

Poolshark · May 23, 2007

neither PK or DC...
sold through DC probably

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