RM Auctions Concorso Villa d’Este 2013 – Auction Results

Ferrari 375MM Auction Block
1953 Ferrari 340/375 MM sold for €9,856,000, a world record for a closed ‘Berlinetta’ Ferrari sold at auction (photo: Tim Scott / Fluid Images)

The RM Auctions Villa d’Este 2013 sale was held 25th May at Villa Erba on the shores of Lake Como, Italy, resulting in total sales of €27,322,400 ($35,519,120 USD) and an 84 percent sell-through rate.

As part of the Concorso d’Eleganza Villa d’Este weekend, a crowd in excess of 1000 people saw five cars exceed €1,000,000 and 11 lots surpass their pre-sale estimates. Spirited bidding was seen in the room and on the phones and internet, with international interest received from 30 countries.

The top result at the 2013 edition of the RM Auctions Villa d’Este sale went to the 1953 Ferrari 340/375 MM Berlinetta Competizione that sold for a record-breaking €9,856,000 ($12,812,800 USD). Chassis 0320AM is one of three works 375 MM competition cars entered at the 1953 24 Hours of Le Mans. With its well-known racing history, including the 24 Hour of Spa, Carrera Panamericana, and winning the 12 Hours of Pescara, the Ferrari was only works race car to have been driven in the World Sports Car Championship by three World Champions: Hawthorn, Ascari, and Farina.

Max Girardo, Managing Director, RM Europe, said, “Once again, we have demonstrated that auction really is the only way to sell important cars. Over 25 percent of lots exceeded their pre-sale estimates, with a number of model specific records achieved. It is clear that RM’s truly global reach and its unsurpassed investment in exceptional marketing and promotion brings an international audience to our sales that would be impossible to access any other way.”

In addition to the 340/375 MM result, other notable Ferrari sales included the 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico, which realised €2,184,000 ($2,839,000); the 2004 Ferrari Enzo, which achieved €1,069,600 ($1,390,480); the 1965 Ferrari 275 GTB, for €1,120,000 ($1,456,000); and the 2010 Ferrari 599XX, which brought €918,400 ($1,193,120). In total 15 Ferraris were offered at Villa Erba, all of which sold strongly.

Other notable results included the 1962 Mercedes-Benz 300SL Roadster that found a new owner for €1,114,400 ($1,448,720), the 1955 Lancia Aurelia B24S Spider that made €492,800 ($640,640) and the 1967 Lamborghini Miura P400 that brought €425,600 ($553,280).

RM Auctions Concorso Villa d’Este 2013 – Top Ten Auction Results (Includes 12% buyer’s premium)

1. 1953 Ferrari 340/375 MM Berlinetta Competizione – €9,856,000 ($12,812,800 USD)
2. 1962 Ferrari 400 Superamerica SWB Coupe Aerodinamico – €2,184,000 ($2,839,200 USD)
3. 1965 Ferrari 275 GTB – €1,120,000 ($1,456,000 USD)
4. 1962 Mercedes-Benz 300SL Roadster – €1,114,400 ($1,448,720 USD)
5. 2004 Ferrari Enzo – €1,069,600 ($1,390,480 USD)
6. 1964 Ferrari 250 GT Lusso Berlinetta – €974,400 ($1,266,720 USD)
7. 1985 Ferrari 288 GTO- €963,200 ($1,252,160 USD)
8. 2010 Ferrari 599XX – €918,400 ($1,193,920 USD)
9. 1961 Ferrari 250 GT Series II Cabriolet – €834,400 ($1,084,720 USD)
10. 1965 Ferrari 275 GTS – €795,200 ($1,033,760 USD)

(See RM Auctions Concorso Villa d’Este 2013 – Complete Auction Results Euro)
(See RM Auctions Concorso Villa d’Este 2013 – Complete Auction Results USD)

Rob Myers, Chairman and Founder of RM Auctions, said, “In discussion with a long-time friend and London-based broker, he conceded that he is now advising clients to sell great, important automobiles at auction. He, like many within the market, has realised that it’s incredibly hard to know the correct selling figure of a car before it is offered to a truly worldwide clientele. The Ferrari 340/375 MM proves this to be true, having achieved an amazing price here at Villa Erba.”

RM Auctions continues its 2013 European events calendar in England, 8-9 September with its London sale held in partnership with the St. James’s Concours of Elegance. For more information, visit rmauctions.com.

[Source: RM Auctions]