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Discussion in 'Vintage Ferrari Market' started by Peloton25, Oct 19, 2015.
Lot 219 Ferrari Enzo 3M hammered sold.
I guess the Floyd "ownership" means a 10% haircut.
Lot 220 MB 300 Sc Roadster 975K hammered sold.
Lot 221 Ferrari 290 MM 0626 opening bid 16M.
18 2nd bid. 20 M 3rd bid.
290 MM 0626 25M telephone bid..
290 MM 0626 25.5 M sold to telephone bidder.
So that's 28m all in?
Yes aprox. So, how much will do the 315? 32? 34?
Anyone have the results for Lot 207 - 65 E-Type Roadster?
never mind, posted below
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.
Series II 500 Mondial 0564(0424)MD hammered at $4,450,000
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.
Amazing to me that this didn't sell at this amount.
Even more amazing was the 507 NS....
9 No Sales of 31 lots offered.
Non original engine.
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.
Watching online the bidding looked a bit unnatural to me.
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.
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.
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.
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).
This number may have been guaranteed to the consignor.
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.