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.
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.