2018 RM Sotheby’s Auction – Monterey Review

RM Auctions already had a track record of selling 4 out of the 5 highest price cars ever (in an auction), when they started their partnership with the 270-year-old Sotheby’s in 2015. They have their in-house restoration shop whose products have been nominated and won Pebble Beach Concours several times. This year the most prestigious auction house took it to the next level with a jaw-dropping line up when they offered two of the most valuable Ferraris, at Monterey.

1962 Ferrari 250 GTO by Scaglietti s/n 3413GT - Sold for $48,450,000
1962 Ferrari 250 GTO by Scaglietti s/n 3413GT – Sold for $48,450,000

First was the third 250 GTO made in 1962. this masterpiece started life as the factory test car in the hands of Phil Hill & Mauro Forghieri and has an extensive list of hill climb class wins in Italy including twice at Targa Florio. Also one of the 4 GTOs, transformed to the Pininfarina stunning  64 look by factory through Scaglietti. Well, on Saturday, August 23rd of 2018, RM Sotheby’s made history and 3413GT became the most expensive car ever sold in an auction for a whopping $48,405,000 however, since David McNeil had already paid a staggering $70M+ (undisclosed amount) for another GTO, 4153GT (which is, of course, considered to be one of the top 3 GTOs in terms of condition and originality) only a few weeks prior to this auction, expectations were set pretty higher than the lower side of the estimate and some seeking extravaganza were probably disappointed.

The other Ferrari offered by this auction for private sales, had even a higher profile. In fact, the well kept secret story of this 1963 Ferrari 250/275 P (Chassis # 0816), being not only once but twice Le Mans winner (1963 & 1964), was just revealed a week before the auction, on the day that marked 30 years since Enzo left us (Aug.14th), and took this legendary piece of motoring history to the pinnacle of Ferraris most victorious league. Offered after 48 years, off of the late Pierre Bardinon estate, changed hands for an undisclosed sum to an unknown collector. Visiting this car in flesh was such a joyous moment. Signs of wear and tear from its glorious life and apparent flaws of fabrication caused by quick and purposeful repairs, had made an epic sculpture that would invite every visitor’s eyes to moments of silent lovemaking.

1963 Ferrari 275 P s/n 0816
1963 Ferrari 275 P s/n 0816

A total of 24 collectable Ferraris were sold out of the 33 offered by RM Sotheby’s at Portola Plaza hotel. Here, as this report is well overdue, we shared more of the unsold and still available ones. They also happen to be the most precious ones after the top 2 mentioned above.

As of “Significant others” we must mention the most significant one-off Works Aston Martin that was also the last competition car developed by David Brown. The 1963 Aston Martin DP215 Grand Touring Competition Prototype (chassis # DP215) fetched a well deserved highest price ever paid for an Aston Martin at $21,450,000. The 1966 Ford GT-40 (s/n 1016), the 3rd of the Epic GT40 winning trio at 66 Le Mans, sold for $9,975,000 and 2013 Pebble Beach concours overall winner, the 1934 Packard Twelve Individual Custom Convertible Victoria by Dietrich was sold for $3,745,000. A 1957 Porsche 550A Spyder made $4,900,000 and the 9th of the 25 Mercedes-Benz AMG CLK GTRs as well as the 11th of the 20 Zagato bodied Maserati A6G/2000 Berlinettas, both, changed hands for $4,515,000.

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