HomeThe MarketFerraris lead RM's record-setting $56.7-million Monaco sale

Ferraris lead RM’s record-setting $56.7-million Monaco sale


1966 Ferrari 275 GTB/C sells for $7.8 million at RM Monaco auction | Tom Wood/RM
1966 Ferrari 275 GTB/C sells for $7.8 million at RM Monaco auction | Tom Wood/RM

Anyone who has ever attended an RM auction with Max Girado at the podium knows the significance of what you are about to read:

“It’s not often I’m lost for words,” said Girado, who is both RM auctioneer, and thus the face and voice of RM, and the managing director of the company’s European auction arm.

“But,” Girado continued, finally rediscovering his words, “I am simply stunned by what we have achieved tonight in Monaco.”

And what did RM achieve with its third auction in the Principality of Monaco?

RM Monaco 2014

Total sales$56.7 million
Catalog90 automobiles
Sell-through92 percent
High sale$7.86 million for a 1966 Ferrari 275 GTB/C
Next 9 price range$1.155 million to $6.472 million
Next auctionPlymouth, Mich., July 26

“This has been our biggest-ever European sale,” Girado said, “and the 93-percent sell-through figure is testament to the diversity and depth of quality that we had on offer. The atmosphere and energy was incredible right through to the final lot, and it’s a particular delight that we have attracted so many enthusiastic new bidders from all around the world.”

In the span of just five hours, RM sold cars, a couple of boats and motorcycles, and a batch of memorabilia for more than $56.7 million.

And the total might have been significantly more had a couple of 7-figure bids not fallen short of the owner’s reserve (the minimum amount needed for an object at auction to sell).

RM stages its Monaco auction every other year in conjunction with the Grand Prix de Monaco Historique vintage racing weekend. In alternate years, RM stages a sale at the Concorso d’Eleganza Villa d’Este on the shores of Italy’s Lake Como.

The four high-dollar sales of the 2014 Monaco auction were Ferraris, led by a 1966 275 GTB/C that sold for nearly $7.86 million (price includes buyer’s premium). With coachwork by Scaglietti, the car was the 9th of 12 produced and is now is the most valuable hard-roofed Ferrari ever sold at auction.

Series I Ferrari cabriolet brings nearly $6.5 million | Tom Wood/RM
Series I Ferrari cabriolet brings nearly $6.5 million | Tom Wood/RM

Its sale came just a few lots after what had been the high point of the auction, the nearly $6.5 million spent on a 1959 250 GT Pininfarina Series I cabriolet.

Exceeding $2.75 million were a 1967 330 GTS ($2.92 million) and a 1967 Dino 206 S Spider ($2.85 million).

Also selling for more than $1 million were a 1968 Alfa Romeo Tipo 33/2 Daytona, a 1958 Lister-Jaguar Knobbly prototype, a 1966 Repco-Brabham BT20 Formula One race car, a 1997 Ferrari F50, a 2003 Ferrari Enzo, a 1956 Porsche 356A Carrera 1500 GS Speedster, a 1969 Lamborghini Miura P400S, a 1955 Lancia Aurelia B24S Spider America, a 1954 Mercedes-Benz 300SL Gullwing AMG, a 1955 Lancia D50/A F1 recreation, a 1926 Bugatti Type 35B Grand Prix racer, and a 1968 Toyota 2000GT.

A 1956 Maserati 450S prototype was bid to $4.81 million but did not meet the owner’s reserve price.

The Brabham F1 racer was the car Denny Hulme drove to victory in the 1967 Monaco Grand Prix.

Another vehicle with a strong local connection was the 1958 Riva Tritone boat formerly owned by Prince Rainier III and his wife, the former Grace Kelly. The historic boat sold for more than $554,823.

RM Monaco / Top 10 sales

  1. 1966 Ferrari 275 GTB/C, $7,859.997
  2. 1959 Ferrari Series I cabriolet, $6,472,939
  3. 1967 Ferrari 330 GTS, $2,928,234
  4. 1967 Ferrari Dino 206 S Spider, $2,851,175
  5. 1968 Alfa Romeo Tipo 33/2 Daytona, $1,733,823
  6. 1958 Lister-Jaguar ‘Knobbly’ prototype, $1,618,234
  7. 1966 Repco-Brabham BT20 F1 racer, $1,502,646
  8. 1997 Ferrari F50, $1,733,823
  9. 2003 Ferrari Enzo, $1,194,411
  10. 1956 Porsche GS Speedster, $1,155,882
  • 1969 Lamborghini Miura P400S, $1,155,882

(Prices include buyer’s premium)

Larry Edsall
Larry Edsall
A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.


Comments are closed.

Recent Posts