The 1964 Ferrari 250 LM race vehicle which sold for NZ$26.8m at auction in California.
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The sale of 25 exotic cars from a collection billed the “Pinnacle Portfolio” fell short of its $80 million estimate, but did eclipse the previous single-day private collection record of $66 million, set by Bonhams past year.
Ultimately, the headline results were the $17.6m paid for the Ferrari 250 LM, and the $13.75m for the “LM-spec” McLaren F1 – the latter all the more desirable with its “Brilliant Orange” metallic paintwork illuminated by the saleroom lights (it looked a little flat in the press shots). A 2005 Ferrari Enzo, built as a gift for Pope John Paul II, fetched NZ$9.3m, which was at the high end of its estimate.
The conclusion of the three-part sale on Saturday saw the Ferrari 250 GT “Tour de France” sell for a staggering $13.2m – a new World Record for the model, and nearly treble the price of a similar example (albeit without the inspiratory TdF win under its bonnet-belts) at RM’s London auction less than a year ago. Unsurprisingly, the Pope decided on auctioning off the auto with the proceeds benefitting victims of the 2004 Boxing Day Tsunami in Southeast Asia.
A 1994 Ferrari F40 LM sold for $3.3 million, as did a 1967 Ferrari 275 GTB/4.
This 1986 Ferrari Testarossa, featured in the 1980s hit TV show “Miami Vice”, is set to hit the auction block.
The auction in Monterey, part of an annual classic vehicle event centered around the Pebble Beach Concours d’Elegance, kicked off a weekend-long sale for southern Ontario-based RM Sotheby’s.
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Red Ferraris continued their white-hot run in the market at Bonhams’ Quail Lodge auction, held August 13 in Carmel, California.
