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Ferrari Auction Makes €34 Million
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Luca Badoer demonstrates the Le Mans-winning 330 TRi LM prior to its $9.4 million sale. Photo: Peter Collins
Racecar News

Ferrari Auction Makes €34 Million

 VR Staff

Ferrari’s big, silver logistics building at Maranello was packed to the gunwales with enthusiasts, many of whom were set on buying themselves a piece of exotic motor racing history. They were attending the exclusive RM Auctions-Sotheby’s May sale of historic Ferraris and associated memorabilia, which fetched a stunning €34 million, the equivalent of almost US$46 million.

Other outstanding lots included this 1953 340/375, which sold for $5.6 million.
Photo: Peter Collins

The highest price was paid for the front-engined 330 TRi LM in which Phil Hill and Olivier Gendebien took pole position, set the fastest lap of 3 mins 57.3 secs and won the 1962 24 Hours of Le Mans. The car was knocked down for €7 million or US$9,433,900 to an anonymous telephone bidder, who was said to be neither Italian nor American. The same went for other enthusiasts who bought a 1953 340/375 sports saloon for €4.2 million (US$5,660,340), a Touring-bodied 4.1-liter 340 MM Touring for €2.35 million (US$3,167,395), a 1970 4,993-cc 512 S for €2.7 million (US$3,638,790) and a pair of Scaglietti-bodied 250 SWBs for €1.9 and €2.1 million (US$2,560,630 and US$2,830,170) respectively. The 248 F1, in which Felipe Massa won the 2006 Grand Prix of Turkey, went for a more “modest” €1.5 million (US$2,021,550).

Photo: Peter Collins
Photo: Peter Collins

At the other end of the scale, a pair of Massa’s yellow racing boots were sold for €1,150 (US$1,550) and one of Michael Schumacher’s driving suits for €18,000 (US$24,259).

One of the organizers of the auction bought a Mille Miglia Cup for €30,000 (US$40,431) and presented it to Ferrari president Luca Cordero di Montezemolo, who attended the sale together with his managing director, Jean Todt.

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VR Staff
Steve Natale has been playing with cars ever since he was old enough to first hold a matchbox car in his hand. A lifelong enthusiast of anything old with an engine in it or wheels on it, Steve has been active in the hobby for over 35 years. Currently he owns a successful marketing company with his wife Mary, is an automotive photographer, blogger and writer for several automotive magazines and regular contributor to various automotive websites. Steve has attended vintage car events and visited car museums and collections around the world.
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Photo by www.dennisnoten.com dennis Noten - www.dennisnoten.com

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