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

$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

• 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.

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.

Photo credit: RM Sothebys
posted on conceptcarz.com

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