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RM-Sotheby's to auction 290MM – 0626 in December

Discussion in 'Vintage Ferrari Market' started by Peloton25, Oct 19, 2015.

  1. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    Lot 219 Ferrari Enzo 3M hammered sold.
     
  2. amenasce

    amenasce Two Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    27,461
    Paris / Chicago
    Full Name:
    Andrew Menasce
    I guess the Floyd "ownership" means a 10% haircut.
     
  3. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    Lot 220 MB 300 Sc Roadster 975K hammered sold.
     
  4. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    Lot 221 Ferrari 290 MM 0626 opening bid 16M.
     
  5. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    18 2nd bid. 20 M 3rd bid.
     
  6. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    290 MM 0626 25M telephone bid..
     
  7. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    290 MM 0626 25.5 M sold to telephone bidder.
     
  8. amenasce

    amenasce Two Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    27,461
    Paris / Chicago
    Full Name:
    Andrew Menasce
    So that's 28m all in?
     
  9. nschots

    nschots Formula Junior

    Jan 7, 2011
    275
    Buenos Aires.
    Full Name:
    Nicolás Sch.
    Yes aprox. So, how much will do the 315? 32? 34?
     
  10. barchetta

    barchetta Formula Junior

    Nov 5, 2003
    638
    Anyone have the results for Lot 207 - 65 E-Type Roadster?
     
  11. sperry

    sperry Karting

    Aug 6, 2013
    106
    never mind, posted below
     
  12. lopena

    lopena Formula Junior
    Rossa Subscribed

    Nov 3, 2003
    391
    The 1965 E-Type sold for $270k (above its low estimate of $250k). I looked this car over earlier this week. It was very nice and pretty but not quite 100% correct...wrong steering wheel, polished components that should not have been, etc.
     
  13. Bryanp

    Bryanp F1 Rookie
    Silver Subscribed

    Aug 13, 2002
    3,703
    Santa Fe, NM
    Series II 500 Mondial 0564(0424)MD hammered at $4,450,000
     
  14. kmeighannj

    kmeighannj Formula Junior
    Silver Subscribed

    Feb 21, 2006
    541
    Far Hills, NJ
    Full Name:
    Kirk M
    I thought it was overall a pretty strong showing. A few no sales, but, on a number of them, I thought the bid level achieved was pretty high. As an aside, I watched the whole thing via wifi on my iPad on a plane coming back from the West Coast tonight -- maybe I'm old, but that just seems amazing to me.
     
  15. merstheman

    merstheman F1 Rookie

    Apr 13, 2007
    3,584
    São Paulo, Brazil
    Full Name:
    Mario
    Amazing to me that this didn't sell at this amount.

    Even more amazing was the 507 NS....
     
  16. 375+

    375+ F1 Veteran
    Silver Subscribed Rossa Subscribed

    Dec 28, 2005
    6,796
    9 No Sales of 31 lots offered.
     
  17. 375+

    375+ F1 Veteran
    Silver Subscribed Rossa Subscribed

    Dec 28, 2005
    6,796
    Non original engine.
     
  18. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    I believe their estimate was 800K-1M for the BMW M1.

    I can't really relate to any of these prices. Obviously it's what people are willing to pay but if I had this kind of bread to go car shopping I would feel dizzy in a room like this.

    I really only watched the middle of the auction.
    The standout to me was the Pegaso. It seemed to be a steal (even to me) and a car I would have willingly paid more for.
     
  19. 375+

    375+ F1 Veteran
    Silver Subscribed Rossa Subscribed

    Dec 28, 2005
    6,796
    Watching online the bidding looked a bit unnatural to me.
     
  20. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    On a similar note, I love PF Cabriolets and always have but 5.2M for one with a Classiche engine seemed like LOL pricing to me.
    To be clear, it may be consistent with market, but it just seemed like a trophy purchase to me.
     
  21. Bryanp

    Bryanp F1 Rookie
    Silver Subscribed

    Aug 13, 2002
    3,703
    Santa Fe, NM
    maybe I've been to too many Monterey auctions - it seems weird to me not having the car on the stage; the energy is lacking.
     
  22. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    I watched online as well and appreciate your perspective.
    I've been to auctions but never a car auction and certainly nothing of this magnitude.

    A friend who used to have a GTO among other many significant cars once explained auction shenanigan stories to me but I've yet to sit amidst one and see.
     
  23. readplays

    readplays Formula 3

    Aug 22, 2008
    1,715
    New York City
    Full Name:
    Dave Powers
    I noticed that as well. I don't know the logistics for them but it would almost seem worth it to auction somewhere else if they can't roll cars through there (RM Sotheby's York Avenue building in NYC).
     
  24. Marcel Massini

    Marcel Massini F1 World Champ
    Honorary

    Mar 2, 2005
    14,096
    This number may have been guaranteed to the consignor.

    Marcel Massini
     
  25. BIRA

    BIRA Formula Junior

    Jun 15, 2007
    889
    Funnily I had said this exact hammer number to PW during the drinks at Ralph Lauren store 2 month ago and he was very upset, saying it would be much much more than that. Well was half million more😬
    And I would say definitely in line with current market for this type of car with both this fantastic pedigree but not to the top list of the must have toys for billionaire. We all know that the seller had a GTO earlier in his life and he kind of felt upset that he sold it, so he is partly vindicated...still the acceleration of growth of the price of the GTO and specially 250TR has been stellar in the last free years . While in around 10 years this car more or less tripled ( likely less as meeting RS I think in 2006 he estimated his car to be 10 m USD at that time) in price. Seem massive increase, but from memory ( of compounded numbers) it is a low double digit annual compounded growth.
    In any case a very nice car and let's hope that the next owner will also use it. First time I met the car, the owner had broken something in the transmission in first day of Italia Classica.
     

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