‘Ferrari Only’ auction does $5 million in Germany

‘Ferrari Only’ auction does $5 million in Germany

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.

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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