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RM Sotheby’s 2016 Monaco Auction Results

by Andrew Nabors
May 17, 2016
in Auctions, Events, News
RM Sotheby’s 2016 Monaco Auction Results

If you missed out on Monaco’s automotive events this year, RM has released the top sellers from this year’s auction. The star of the show was a 1951 Ferrari 340 America Touring Barchetta which sold for $8.25 Million. It was fielded at LeMans for 1951 and ’52 along with the Mille Miglia Rally in the 80’s. Runner up went to a 1997 Porsche 911 GT1 Evolution, which is the only known street legal example. Built to compete against the CLK-GTR, it was a preview of the 996 generation that is ready to race. It was expected to bring up to $3 Million, and it hammered for approx. $3,141,479. This sets a new benchmark for the downforce cars of the 90’s, so hopefully we will see more of them resurface.

1952 Ferrari 212 Inter Cabriolet by Vignale. Sold for ~$1,330,585 USD. Photo Credit: Dirk de Jager ©2016 Courtesy of RM Sotheby's
1952 Ferrari 212 Inter Cabriolet by Vignale. Sold for ~$1,330,585 USD. Photo Credit: Dirk de Jager ©2016 Courtesy of RM Sotheby’s

RM’s European Manager Peter Wallman said: “By any standards, we have enjoyed a successful sale this weekend with in excess of €27.5 million sold. The Ferrari 340 America was the most expensive car sold in Monaco this weekend and a number of model specific records have also been achieved. We remain broadly positive about the continued growth in certain areas of the market and are looking forward to a summer of strong sales.”

1966 Ferrari 275 GTS by Pininfarina. Sold for ~$2,027,558. Photo Credit: Tim Scott ©2016 Courtesy of RM Sotheby's
1966 Ferrari 275 GTS by Pininfarina. Sold for ~$2,027,558. Photo Credit: Tim Scott ©2016 Courtesy of RM Sotheby’s

Earlier on Saturday bidders and spectators gathered to watch the Quattroruote Collection cross the block. Offered without a reserve, it consisted of 37 cars, bikes and automotive collectibles. Two noteworthy lots included an original 1939 Bugatti Type 57 Cabriolet which sold for $748,878 and a 1930 Hispano-Suiza H6B Coupé Limousine for $120,575. Given the current exchange rate between the Dollar and Euro, the auction amounted in total sales of $31,187,305.

1951 Ferrari 340 America Barchetta by Touring. Sold for ~$8,237,0. Photo Credit: Tim Scott ©2016 Courtesy of RM Sotheby's
1951 Ferrari 340 America Barchetta by Touring. Sold for ~$8,237,000. Photo Credit: Tim Scott ©2016 Courtesy of RM Sotheby’s
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