‘Ferrari Only’ auction does $5 million in Germany

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1991 F40 tops 'Ferrari Only' auction at $1.2 million | Auctionata photos
1991 F40 tops ‘Ferrari Only’ auction at $1.2 million | Auctionata photos

German auction house Auctionata’s “Ferrari Only” sale generated more than $5 million in transactions from the sale of all 27 available vehicles last weekend.

The total was the most ever for an Auctionata sale, and the $1.2 million paid for a 1991 F40 represented the highest price ever paid at one of the company’s sales.

The auction also was the company’s first to feature split-screen technology. The sale was conducted from two locations; Auctioneer Philipp von Hutten had the gavel in the company’s Berlin studio, where more than 100 bidders were present, while the 27 cars were parked in a helicopter hangar in Munich. Another 350 bidders participated via the online feed.

599 GTO sells for $672,000
599 GTO sells for $672,000

“The successful outcome of our first ‘Ferrari Only’ auction shows that we have established ourselves in the top segment of luxury cars and that we have reached a new milestone in the history of Auctionata,” Wolfgang Jochum, head of the company’s classic cars department, said in a post-sale news release.

Behind the F40, a 2011 599 GTO brought more than $672,000 (prices include buyer’s premium), a 1977 512 BB sold for more than $487,000, a 2015 458 Speciale went for nearly $375,000, much above its pre-auction estimate of $270,000 and a 1993 512 TR sold for nearly $225,000.

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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.