Coys claims F40 auction-record price at Nurburgring sale

0
403
One-owner 1992 Ferrari F40 brings auction-record $1.24 million price | Coys photo
One-owner 1992 Ferrari F40 brings auction-record $1.24 million price | Coys photo

European classic and collector car auction house Coys says the
€1,12 million paid last weekend for a 1992 Ferrari F40 at its sale in conjunction with the 43rd annual Oldtimer Grand Prix at Germany’s Nurburgring was an auction-record price for the model. The price is $1.24 million in U.S. dollars.

“This is one of the last privately owned, one-owner from new F40s in the world and we were entrusted with its sale by the Italian family who bought it,” Chris Routledge, managing partner at Coys was quoted in a post-sale news release.

“For such an important car to come to the market, it created interest from around the world and was in the end sold to a delighted German buyer, followed by a round of applause in the auction room. The record Ferrari F40 is a remarkable achievement which we are really happy with.”

Other “notable” sales at the auction included a 1937 BMW 328 roadster that sold for nearly $622,000, a Ford GT that sold for more than $251,000, a 2003 Foerrar 360 that brought more than $201,000 and a 1971 Lamborghini Espada SII that sold for more than $160,410, which Coys said also represented an auction-record price for that model.

RELATED:  Le Mans-winning Matra heading to Retromobile auction

Coys’ next sale is September 6 when it offers pre-1974 Porsches at the Porsches Classics at the Castle event at Hedingham Castle in Essex, England. Twenty days later Coys stages the first classic and collector car sale at the Frankfurt Motor Show in Germany.

Advertisement
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.