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RM Sotheby's Dominates 'Monterey Week' Online Auctions with $30.4M in Total Sales

RM Sotheby's Dominates 'Monterey Week' Online Auctions with $30.4M in Total Sales

August 17, 2020 by RM Sothebys

$4.29 MILLION FERRARI 550 GT1 PRODRIVE BECOMES MOST VALUABLE CAR EVER SOLD IN AN ONLINE ONLY COLLECTOR CAR AUCTION

• RM Sotheby's asserts its position as the world's leading collector car auction house with $30,412,810 in total sales in its Online Only: SHIFT/MONTEREY sale

• Competitive bidding from across the globe saw impressive results achieved with sales led by $4.29 million Ferrari 550 GT1 Prodrive

• Bidders from 36 countries took part in the sale with 23 percent representing new RM Sotheby's clientele

• Seven cars exceed $1 million in sales

Complete results available at rmsothebys.com

BLENHEIM, Ontario (17 August 2020) – This past week, RM Sotheby's further reinforced its position as the world's leading auction house of fine collector cars, as it grossed $30,412,810 in its Online Only: SHIFT/MONTEREY sale and established the highest price ever achieved for a car sold in a dedicated Online Only collector car auction. The incredible 2001 Ferrari 550 GT1 Prodrive, an icon of modern era sports car racing, achieved $4,290,000 in a hard-fought bidding war on the final day of the sale.

Consigned to RM Sotheby's Online Only auction directly by the Ferrari 550 GT1 Prodrive program promoter, Care Racing Development, single owner of the car since its race preparation in 2001, the Ferrari 550 GT1 Prodrive, serial number CRD 002/2001, is the second of ten Ferrari 550 GT1 examples built by Prodrive and it competed in 49 races, taking 15 pole positions, 14 outright race wins including The 24 Hours of Spa in 2004. It is the last V-12 engined Ferrari to win a 24-hour race overall and the car finished on the podium some 29 times. Impeccably presented and in fully rebuilt, race-ready condition, this Classiche certified Ferrari racing car was the undoubted star of the sale.

With Ferraris filling four of the top ten sales, it was the highly desirable first-generation 'short-nose' 1965 Ferrari 275 GTB by Scaglietti that achieved the second highest price in the sale. One of the best examples in existence of arguably one of the finest road going V-12 Ferrari sports cars built, this fully restored and Classiche certified car brought a deserved $1,980,000. Rounding off the top three sellers and splitting an all-Ferrari 'top five' in the Online Only: SHIFT/MONTEREY sale, was a low-mileage, highly optioned 2014 Pagani Huayra, which brought $1,848,000. The 56th of just 100 bespoke examples produced and powered by a 730 bhp, 6.0-liter twin-turbocharged V-12 engine hand-assembled by Mercedes-AMG engine, this ultimate modern-era hypercar is one of the highest specification examples created.

The appeal of the Maranello marque continues unabated within the market, and the top five results were completed by the 1964 Ferrari 250 GT/L Berlinetta Lusso by Scaglietti, offered from the Boniface Collection, which surpassed its pre-sale estimate following a flurry of last-minute bids and sold for $1,496,000; and a low-mileage, Classiche certified 1994 Ferrari F40, which sold for $1,386,000.

Gord Duff, Global Head of Auctions, RM Sotheby's, said: 'The SHIFT/MONTEREY auction has been a phenomenal success for us. We're proud to have grossed more than the combined sales totals achieved by our two nearest competitors during what would have been the Monterey Car Week, and to have set some amazing records along the way. It's also fantastic to see cars from all eras featuring in the top ten results of this sale, proving that there is still robust demand across a broad cross-section of the market.'

Other stand out highlights from across the sale include the 1932 Packard Deluxe Eight Individual Convertible Victoria, the sole pre-war car within the top ten results, and a stunning example which brought $1,056,000; the restored 1960 Mercedes-Benz 300 SL Roadster, with only four private owners since 1961, which sold for $1,045,000; and the outrageous 1960 Porsche MOMO 356 RSR Outlaw by Rod Emory, which smashed its pre-sale estimate to bring $858,000. Also worthy of note were the ultra-rare factory prototype 1972 Porsche 916, the first of ten pre-production 916 models built and originally owned by Louise Piëch, which achieved $957,000; a race-winning 1980 BMW M1 Procar, the 36th example of a mere 54 Procars produced and sold new to American racing driver Joe Crevier, which sold for $913,000; and a 2017 Ford GT, one of 138 models built for 2017 and offered from single ownership with just under 1,300 miles on the odometer, which achieved $858,000.

Top Sales

1. Lot 240 2001 Ferrari 550 GT1 Prodrive $4,290,000

2. Lot 227 1965 Ferrari 275 GTB $1,980,000

3. Lot 154 2014 Pagani Huayra $1,848,000

4. Lot 115 1964 Ferrari 250 GT/L Berlinetta Lusso $1,496,000

5. Lot 244 1991 Ferrari F40 $1,386,000

6. Lot 248 1932 Packard Deluxe Eight Individual Convertible Victoria $1,056,000

7. Lot 123 1960 Mercedes-Benz 300 SL Roadster $1,045,000

8. Lot 151 1972 Porsche 916 $957,000

9. Lot 122 1980 BMW M1 Procar $913,000

10. Lot 143 1960 Porsche MOMO 356 RSR Outlaw $858,000

11. Lot 153 2017 Ford GT $858,000

RM Sotheby's continues its Online Only summer auction calendar with its Auburn Fall auction which is now in its 50th year. Taking place on 3-5 September, the sale will see in excess of 500 diverse collector cars and as many as 400 lots of memorabilia go under the hammer, ranging from American classics to European sports cars, muscle, hot rods, customs, and modern collectibles. The sale will allow admittance to the event for pre-registered bidders and accompanying guests only, making it the only the second RM Sotheby's sale of 2020 to allow bidders physical access, while maintaining safety protocols as recommended by the State of Indiana.

Complete results from RM Sotheby's Online Only: SHIFT/MONTEREY auction as well as additional information on upcoming auctions are available at rmsothebys.com.

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Photo credit: RM Sothebys
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1937 Bugatti Type 57 Auction Results
1937 Bugatti Type 57 Auction Results
1937 Bugatti Type 57 Auction Results
1937 Bugatti Type 57 Auction Results
1937 Bugatti Type 57 Auction Results
Chassis Number: 57584
Engine Number: 507
Body Number: 67
Sale DateResultPre-Auction Estimates Auction House
December 2006 $467,500  $400,000 - $500,000  RM Sothebys 
December 2007 $528,000  $450,000 - $550,000  RM Sothebys 
August 2011 $797,500  $600,000 - $750,000  RM Sothebys 
January 2015 $800,000  $800,000 - $1,000,000  RM Sothebys 
August 2020  $700,000 - $850,000  RM Sothebys 

1949 Maserati A6/1500 Auction Results
1949 Maserati A6/1500 Auction Results
1949 Maserati A6/1500 Auction Results
1949 Maserati A6/1500 Auction Results
1949 Maserati A6/1500 Auction Results
Chassis Number: 086
Engine Number: 086
Sale DateResultPre-Auction Estimates Auction House
August 2014 $891,000    Bonhams 
March 2019 $505,500  $800,000 - $950,000 No Reserve RM Sothebys 
August 2020  $550,000 - $650,000  RM Sothebys 

1938 Alvis Speed 25 Auction Results
1938 Alvis Speed 25 Auction Results
Chassis Number: 14579
Engine Number: 15063
Sale DateResultPre-Auction Estimates Auction House
October 2007 $330,000  $200,000 - $250,000  Gooding & Company 
August 2020 $115,500  $175,000 - $225,000  RM Sothebys 

1931 Pierce Arrow Model 41 Auction Results
1931 Pierce Arrow Model 41 Auction Results
1931 Pierce Arrow Model 41 Auction Results
1931 Pierce Arrow Model 41 Auction Results
1931 Pierce Arrow Model 41 Auction Results
Chassis Number: 3050235
Engine Number: 325760
Body Number: 157-3
Sale DateResultPre-Auction Estimates Auction House
October 2012 $385,000  $425,000 - $525,000  RM Sothebys 
October 2016 $456,500  $400,000 - $475,000  RM Sothebys 
August 2020  $375,000 - $450,000  RM Sothebys 

1939 BMW 328 Auction Results
1939 BMW 328 Auction Results
1939 BMW 328 Auction Results
1939 BMW 328 Auction Results
1939 BMW 328 Auction Results
Chassis Number: 85351
Engine Number: 361954
Sale DateResultPre-Auction Estimates Auction House
August 2016 $550,000  $700,000 - $900,000 No Reserve RM Sothebys 
August 2020  $500,000 - $600,000  RM Sothebys 
January 2021 $500,000  $475,000 - $550,000  RM Sothebys 

1959 Porsche 356A Auction Results
1959 Porsche 356A Auction Results
1959 Porsche 356A Auction Results
Chassis Number: 86090
Sale DateResultPre-Auction Estimates Auction House
August 2016 $324,500  $325,000 - $375,000  Gooding & Company 
August 2020 $363,000  $275,000 - $350,000  RM Sothebys 

1970 Ferrari Dino 246 GT Auction Results
1970 Ferrari Dino 246 GT Auction Results
1970 Ferrari Dino 246 GT Auction Results
1970 Ferrari Dino 246 GT Auction Results
1970 Ferrari Dino 246 GT Auction Results
Chassis Number: 00690
Sale DateResultPre-Auction Estimates Auction House
February 2011 $170,500  $150,000 - $180,000  Gooding & Company 
January 2017  $375,000 - $450,000  RM Sothebys 
August 2020 $440,000  $300,000 - $350,000  RM Sothebys 

1967 Ghia 450 SS Auction Results
1967 Ghia 450 SS Auction Results
1967 Ghia 450 SS Auction Results
1967 Ghia 450 SS Auction Results
1967 Ghia 450 SS Auction Results
Chassis Number: BS4042
Sale DateResultPre-Auction Estimates Auction House
March 2010 $82,500  $100,000 - $125,000 No Reserve Gooding & Company 
August 2020 $121,000  $150,000 - $175,000  RM Sothebys 

1928 Rolls-Royce Phantom I Auction Results
1928 Rolls-Royce Phantom I Auction Results
1928 Rolls-Royce Phantom I Auction Results
1928 Rolls-Royce Phantom I Auction Results
1928 Rolls-Royce Phantom I Auction Results
Chassis Number: S275FP
Engine Number: 22757
Body Number: HD2015
Sale DateResultPre-Auction Estimates Auction House
August 2011 Not sold. High bid of $235,000.00 $250,000 - $300,000  RM Sothebys 
March 2018 $335,000  $175,000 - $250,000 No Reserve RM Sothebys 
January 2019  $250,000 - $325,000  RM Sothebys 
August 2020 $170,500  $175,000 - $250,000  RM Sothebys 

1987 Aston Martin V8 Auction Results
1987 Aston Martin V8 Auction Results
1987 Aston Martin V8 Auction Results
1987 Aston Martin V8 Auction Results
1987 Aston Martin V8 Auction Results
Chassis Number: SCFCV81C9HTL15512
Sale DateResultPre-Auction Estimates Auction House
August 2005 $68,750  $75,000 - $100,000 No Reserve RM Sothebys 
August 2012 $103,400  $140,000 - $180,000 No Reserve Gooding & Company 
January 2018 $280,000  $275,000 - $325,000  RM Sothebys 
August 2020 $236,500  $225,000 - $275,000  RM Sothebys 

1959 Facel Vega HK500 Auction Results
1959 Facel Vega HK500 Auction Results
1959 Facel Vega HK500 Auction Results
1959 Facel Vega HK500 Auction Results
1959 Facel Vega HK500 Auction Results
Chassis Number: HK J2-0426
Engine Number: TY41834
Sale DateResultPre-Auction Estimates Auction House
March 2013 $52,800  $180,000 - $220,000  Gooding & Company 
August 2020 $126,500  $175,000 - $225,000 No Reserve RM Sothebys 

1958 Jaguar XK150 Auction Results
1958 Jaguar XK150 Auction Results
1958 Jaguar XK150 Auction Results
1958 Jaguar XK150 Auction Results
Chassis Number: S830856DN
Engine Number: VS1205-9
Sale DateResultPre-Auction Estimates Auction House
January 2014 $242,000    Bonhams 
August 2020 $176,000  $150,000 - $200,000  RM Sothebys 

1956 Mercedes-Benz 300 SC Auction Results
1956 Mercedes-Benz 300 SC Auction Results
Chassis Number: 188.014.5500029
Engine Number: 199.980.5500002
Sale DateResultPre-Auction Estimates Auction House
January 2014 $550,000  $500,000 - $700,000  Gooding & Company 
August 2015 $671,000  $650,000 - $800,000  Gooding & Company 
January 2016  $650,000 - $750,000  Bonhams 
August 2020 $485,000  $475,000 - $575,000  RM Sothebys 

1966 Ferrari 275 GTS Auction Results
1966 Ferrari 275 GTS Auction Results
1966 Ferrari 275 GTS Auction Results
1966 Ferrari 275 GTS Auction Results
1966 Ferrari 275 GTS Auction Results
Chassis Number: 07805
Engine Number: 07805
Body Number: 144
Sale DateResultPre-Auction Estimates Auction House
August 2014 $1,760,000  $1,750,000 - $2,000,000  RM Sothebys 
May 2016 €1,792,000
($2,024,960)
 
€1,650,000 - €1,850,000  RM Sothebys 
August 2020  $1,600,000 - $1,800,000  RM Sothebys 

1973 Porsche 911S Auction Results
Chassis Number: 9113300522
Sale DateResultPre-Auction Estimates Auction House
August 2014 $330,000  $275,000 - $350,000  Gooding & Company 
August 2020 $236,500  $225,000 - $250,000  RM Sothebys 

1956 BMW 502 Auction Results
1956 BMW 502 Auction Results
1956 BMW 502 Auction Results
1956 BMW 502 Auction Results
1956 BMW 502 Auction Results
Chassis Number: 59094
Sale DateResultPre-Auction Estimates Auction House
March 2015 $341,000  $250,000 - $350,000  RM Sothebys 
August 2020  $300,000 - $350,000  RM Sothebys 

1963 Jaguar XKE E-Type Auction Results
1963 Jaguar XKE E-Type Auction Results
1963 Jaguar XKE E-Type Auction Results
Chassis Number: 878834
Engine Number: R8882-9
Sale DateResultPre-Auction Estimates Auction House
June 2016  $225,000 - $275,000  The Finest Automobile Auctions 
August 2020 $170,500  $150,000 - $200,000  RM Sothebys 

1959 Maserati 3500GT Auction Results
1959 Maserati 3500GT Auction Results
1959 Maserati 3500GT Auction Results
1959 Maserati 3500GT Auction Results
1959 Maserati 3500GT Auction Results
Chassis Number: AM101 268
Engine Number: 101 268
Sale DateResultPre-Auction Estimates Auction House
August 2017 $605,000  $650,000 - $1,000,000  RM Sothebys 
August 2020  $750,000 - $1,000,000  RM Sothebys 

1959 Ferrari 250 GT Auction Results
1959 Ferrari 250 GT Auction Results
1959 Ferrari 250 GT Auction Results
1959 Ferrari 250 GT Auction Results
Chassis Number: 1433 GT
Engine Number: 1433 GT
Sale DateResultPre-Auction Estimates Auction House
August 2017 $610,000  $700,000 - $900,000  RM Sothebys 
August 2020 $638,000  $600,000 - $700,000  RM Sothebys 

1936 Lagonda LG45 Auction Results
1936 Lagonda LG45 Auction Results
1936 Lagonda LG45 Auction Results
1936 Lagonda LG45 Auction Results
1936 Lagonda LG45 Auction Results
Chassis Number: 12043
Engine Number: 12043
Sale DateResultPre-Auction Estimates Auction House
August 2018  $350,000 - $450,000  Bonhams 
August 2020  $250,000 - $350,000  RM Sothebys 
September 2020  $250,000 - $300,000  RM Sothebys 

1965 Porsche 911 Auction Results
1965 Porsche 911 Auction Results
1965 Porsche 911 Auction Results
1965 Porsche 911 Auction Results
1965 Porsche 911 Auction Results
Chassis Number: 302757
Engine Number: 902878
Sale DateResultPre-Auction Estimates Auction House
March 2019 $190,000  $210,000 - $250,000  RM Sothebys 
August 2020 $147,000  $160,000 - $200,000  RM Sothebys 

1965 Citroen DS21 Auction Results
1965 Citroen DS21 Auction Results
1965 Citroen DS21 Auction Results
1965 Citroen DS21 Auction Results
1965 Citroen DS21 Auction Results
Chassis Number: 4350009
Engine Number: DX 000712
Sale DateResultPre-Auction Estimates Auction House
February 2011  €80,000 - €110,000  Bonhams 
August 2019  $175,000 - $225,000  Bonhams 
August 2020 $159,500  $175,000 - $225,000  RM Sothebys 

2006 Aston Martin V12 Vanquish S Auction Results
2006 Aston Martin V12 Vanquish S Auction Results
2006 Aston Martin V12 Vanquish S Auction Results
2006 Aston Martin V12 Vanquish S Auction Results
Chassis Number: SCFAC243X6B502007
Sale DateResultPre-Auction Estimates Auction House
August 2019 $95,200  $90,000 - $110,000 No Reserve RM Sothebys 
August 2020 $90,200  $75,000 - $95,000 No Reserve RM Sothebys 

2003 BMW Z8 Auction Results
2003 BMW Z8 Auction Results
2003 BMW Z8 Auction Results
Chassis Number: WBAEJ13443AH62320
Sale DateResultPre-Auction Estimates Auction House
March 2020 $252,000  $250,000 - $300,000  RM Sothebys 
August 2020 $247,500  $250,000 - $275,000  RM Sothebys 

1963 Jaguar XKE E-Type Auction Results
1963 Jaguar XKE E-Type Auction Results
1963 Jaguar XKE E-Type Auction Results
1963 Jaguar XKE E-Type Auction Results
Chassis Number: 889293
Sale DateResultPre-Auction Estimates Auction House
March 2020 $106,400  $175,000 - $225,000 No Reserve RM Sothebys 
August 2020 $100,100  $125,000 - $175,000 No Reserve RM Sothebys 

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