RM Sotheby’s held its first-ever Milan auction at the Palazzo Serbelloni, with the 19 lot auction exceeding €11,000,000 and achieving a new world record price for a 1988 Lamborghini LM002.
On June 15, RM Sotheby’s hosted their first-ever Milan sale with an exclusive 19 lot auction at the Palazzo Serbelloni and they closed with a gross of €11,635,000. The event was RM Sotheby’s first auction in Europe to welcome their clients back to a live auction environment. It was well-attended with a gorgeous roster of cars displayed against a backdrop of the most beautiful historic buildings in Milan.
“We are really delighted with the results of our first-ever Milan sale. Our intention was to bring a small boutique style auction to Milan, close to the hub of the Mille Miglia activity in the region, and offer a selection of very high-quality cars.”RM Sotheby’s Europe Head of Sales, Augustin Sabatié-Garat.
Unsurprisingly, the top seller was the 1966 Ferrari 275 GTB, chassis #08641, which Roger Vadim bought new in 1966 and was eventually owned by his wife, Jane Fonda. The car has been exquisitely restored and presented in its original Azzuro finish, matched with a black leather interior. The Ferrari Classiche certified car sold for €2,255,000.
The second-highest price achieved was another performance Ferrari, the 2000 Ferrari 550 GT1. It is one of only two cars Italtecnica made for Team Rafanelli for the 2001 FIA GT Championship. The car was originally driven by Schiattarella and Naspetti and had two full seasons of successful competition in GT racing. The car was sold for €1,805,000.
A third Ferrari rounded up the top three sales for the event being an impressive 1963 Ferrari 250 GT/L Berlinetta. The car is 65th of only 350 units manufactured. It is presented in its original metallic silver grey finish matched with a black interior. The Ferrari Classiche certified car is proudly a matching number example and was sold for €1,478,750.
The last car that was sold for more than €1,000,000 was a 1957 Mercedes-Benz 300 SL Roadster. It has an impressive history and a unique glass hardtop. It was sold for €1,051,250.
Other notable sales during the event include the 1996 Alfa Romeo 155 V6 TI ITC, a 155 DTM/ITC Works Touring Car from Alfa Corse. In the 1996 ITC Season, Nicola Larini drove the example. It was offered in race-ready condition and sold for €792,500.
The next car was the first CCR that made its public appearance at the 2004 Geneva International Motor Show, being the 2004 Koenigsegg CCR. It went above its pre-sale estimate with a final price of €798,125.
A vehicle that went above its pre-sale estimate was the 1963 Ferrari 250 GTE 2+2 Series III which is a beautifully restored example and was sold for €466,250.
Another notable sale was the 1988 Lamborghini LM002. Only 328 units were produced by Lamborghini from 1986 to 1993. The example was a coveted early production, carburetor-engined version. It exceeded its pre-sale estimate with a final sale price of €393,125, breaking the auction price record for an LM002.
Top 10 Sales from the 2021 RM Sotheby’s Milan Auction
|Lot Number||Vehicle||Sale Price|
|Lot 110||1966 Ferrari 275 GTB||€2,255,000|
|Lot 117||2000 Ferrari 550 GT1||€1,805,000|
|Lot 116||1963 Ferrari 250 GT/L Berlinetta Lusso||€1,478,750|
|Lot 114||1957 Mercedes-Benz 300 SL Roadster||€1,051,250|
|Lot 118||2004 Koenigsegg CCR||€798,125|
|Lot 119||1996 Alfa Romeo 155 V6 TI ITC||€792,500|
|Lot 111||1951 Alfa Romeo 6C 2500 SS Villa d’Este Coupé||€640,625|
|Lot 113||Bugatti Type 46 Coupé ‘ Superprofilée’||€545,000|
|Lot 112||1963 Ferrari 250 GTE 2+2 Series III||€466,250|
|Lot 108||1960 Aston Martin DB4 Series II||€455,000|
1966 Ferrari 275 GTB – Lot 110
Sold for €2,255,000
2000 Ferrari 550 GT1 – Lot 117
Sold for €1,805,000
1963 Ferrari 250 GT/L Berlinetta Lusso – Lot 116
Sold For €1,478,750
1957 Mercedes-Benz 300 SL Roadster – Lot 114
Sold for €1,051,250
2004 Koenigsegg CCR – Lot 118
Sold for €798,125
1996 Alfa Romeo 155 V6 TI ITC – Lot 119
Sold for €792,500
1951 Alfa Romeo 6C 2500 SS Villa d’Este Coupé – Lot 111
Sold for €640,625
1931 Bugatti Type 46 Coupé ‘ Superprofilée’ – Lot 113
Sold for €545,000
1963 Ferrari 250 GTE 2+2 Series III – Lot 112
Sold for €466,250
1960 Aston Martin DB4 Series II – Lot 108
Sold for €455,000
[Source: RM Sotheby’s]