Ferraris new and old top RM Sotheby’s London sale

Ferraris new and old top RM Sotheby’s London sale

Auction house announces plans to shift London event to November in 2019

Ferraris, one from this century and one from the middle of the previous century,  topped the sales list at RM Sotheby’s 12th annual London sale this week at the Battersea Evolution. The auction generated £9.4 million ($12.18 million) in sales, RM Sotheby’s reported. The auction company did not release a sell-through rate.

A 2003 Ferrari Enzo that had been driven just over 6,000 kilometers, topped the list, selling for £1.97 million ($2.558 million). Prices reported include buyers’  fees. 

1953 Ferrari 212 Europa is one of only four with left-hand drive

Next-highest sale was the £1.02 million ($1.3 million) paid for a 1953 Ferrari 212 Europa coupe. The car one of only 78 of the 212 Inter models produced between 1951 and 1953, one of only 26 with the Europa chassis designation, and one of only four left-hand drive examples.

Third-highest sale was for a 1993 Porsche 911 Carrera RS 3.8, one of only three with right-hand drive and driven only 20,000 kilometers. The car brought £933,125 ($1.2 million). 

One of only three 1993 ’93 RS cars with right-hand drive

A 1931 Cadillac V16 sport phaeton, one of just 75 built and the only known factory right-hand-drive example, was fourth among the top sellers. The car, originally delivered to the Maharaja of Tikari, sold for £522,500 ($677,267). 

Top 5 sales, RM Sotheby’s London 2018

  1. 2003 Ferrari Enzo, $2.558 million
  2. 1953 Ferrari 212 Europa coupe, $1.318 million
  3. 1993 Porsche 911 Carrera RS 3.8, $1.209 million
  4. 1931 Cadillac V16 sport phaeton, $677,267
  5. 1971 Iso Grifo 7-liter Series II, $648,102
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(Prices include buyers’ fees.)

RM Sotheby’s also announced a new and later date for its 2019 sale. 

Only right-hand driven ’31 Cadillac V16 sport phaeton

“Looking at the top five sales in London this year, it’s satisfying to see stand out individual prices achieved for exceptional cars across several categories, from American Classics through early Ferraris and modern supercars,” RM Sotheby’s Europe auction manager Augustin Sabete-Garat was quoted in a news release. 

“We look forward to furthering the success of our London event in 2019, remaining at Battersea Evolution but moving to 5 November to accommodate the busy summer collector car calendar.”

RM Sotheby’s next collector car auction is scheduled for October 11-12 at Hershey, Pennsylvania. 

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