Broad Arrow's second annual Concorso d'Eleganza Villa d'Este Auction ran May 16 and 17 at Villa Erba on the glistening shores of Lago di Como in Northern Italy, presenting a diverse docket with 78 lots comprising everything from classics to modern exotics, across two sessions. The sale achieved 40.8 million euros ($47.4 million) in total sales at an 87 percent sell-through rate, with more than 12,000 collectors watching remotely.
The weekend itself was one of the collector car calendar's most charged, with BMW AG being the official auction partner of the prestigious event. The catalog included more than 20 Ferrari models spanning 1956 to 2024, alongside some truly exquisite automobiles from Pagani, Lamborghini, Porsche, Maserati, Mercedes-Benz, and a five-car collection of Nissan Skyline R34 GT-Rs offered to European collectors for the first time at this level of competition.
As seen at Mecum INDY this past weekend, it was Ferrari that was the top-seller at Villa d'Este as well, more specifically, a low-mileage 2023 Ferrari Daytona SP3 from the Italian marque's famed limited-run Icona Series, settled at 6,250,000 euros ($7.27 million), against a pre-sale estimate of 6,500,000 to 8,500,000 euros ($7.55 million to $9.87 million).
Yet another example from the Icona Series, a 2020 Ferrari Monza SP2, estimated at 2,500,000 to 3,000,000 euros ($2.90 million to $3.48 million), sold before the auction at an undisclosed price per Broad Arrow's official results.
Taking third spot was Saturday evening's standout sale, which was a 1990 Ferrari F40. This European-specification non-cat example with matching numbers throughout realized 2,931,250 euros ($3.40 million) against a pre-sale estimate of 2,300,000 to 2,500,000 euros ($2.67 million to $2.90 million).
It was the only lot in the top five to exceed its pre-auction estimate and drove the most competitive bidding of the weekend. The result is consistent with the upward trajectory of 2026 F40 pricing against a median of $2,150,000 and a duPont REGISTRY Index (dRi) value of $3,141,012.
The Holy-Trinity hybrid hypercars are truly on the uptick, as seen with the record-setting sale of the LaFerrari $8,580,000 at Mecum Indy last week. Against that result, the Porsche 918 Spyder market is following a similar path. A 2015 918 Spyder Weissach fetched €2,256,250 ($2.62 million) close to the model’s dRi of $2,782,500.
A 1968 Ferrari 330 GTS delivered the sale's cleanest result relative to its estimated range of 1,500,000 to 1,700,000 euros, realizing 1,918,750 euros ($2.23 million) at the top of that range. A 2022 Lamborghini Countach LPI 800-4, one of five in Luci del Bosco and estimated at 1,750,000 to 2,000,000 euros, realized 1,581,250 euros ($1.84 million), just below the low estimate.
The sharpest shortfall came from the 1929 Bugatti Type 43 Roadster by Eugene Matthys, which carried a pre-auction estimate of 2,500,000 to 3,500,000 euros ($2.90 million to $4.06 million), and realized 1,007,500 euros ($1.17 million), less than a third of the low estimate. Rounding out the top 10 was a 1956 Ferrari 250 GT Boano Alloy Coupe at €911,875 ($1.06 million).
The aforementioned five-car Nissan Skyline R34 GT-R collection, all offered without reserve, confirmed a growing interest in JDM cars among European collectors. The rarest of the five, a 2002 GT-R CRS by Nismo, one of fewer than 20 to receive the full Club Sport Race-spec conversion at Nismo's Omori factory, led the group at 467,500 euros ($543,000).
The headline lot, a 2018 Pagani Zonda 760 Unica Roadster, estimated at 9,500,000 to 12,000,000 euros ($11.03 million to $13.94 million), drew bidding to 7,975,000 euros ($9.26 million) before the lot passed. The gap between the highest bid and the low estimate tells the story clearly. The market's ceiling for this car, at a public auction, sat roughly 1,500,000 euros below where the consignor was willing to sell.
10. 1956 Ferrari 250 GT Boano Alloy Coupe | (Lot #114)
€911,875 ($1,061,000) | 1-of-14 alloy-bodied examples, Ferrari Classiche certified, factory competition spec
9. 1929 Bugatti Type 43 Roadster | (Lot #243)
€1,007,500 ($1,172,000) | One-off two-seater coachwork by Eugène Matthy
8. 2023 Ferrari 812 Competizione | (Lot #120)
€1,412,500 ($1,644,000) | Green Jewel over Bianco Tervino and Nero, one of very few produced
7. 2022 Lamborghini Countach LP 800-4 | (Lot #239)
€1,581,250 ($1,840,000) | 1-of-5 in Luci del Bosco
6. 1957 Mercedes-Benz 300 SL Gullwing Coupe | (Lot #124)
€1,637,500 ($1,906,000) | 1-of-70 final-year examples, 1-of-6 in White-Gray
5. 1968 Ferrari 330 GTS | (Lot #230)
€1,918,750 ($2,233,000) | Matching numbers Open-top V-12, sold at the top of its estimate range
4. 2015 Porsche 918 Spyder | (Lot #211)
€2,256,250 ($2,626,000) | Weissach aerodynamic package
3. 1990 Ferrari F40 | (Lot #126)
€2,931,250 ($3,411,000) | European spec, non-catalytic, matching numbers throughout, sold without reserve, exceeded estimate
2. 2020 Ferrari Monza SP2 | (Lot #254)
SOLD BEFORE AUCTION | 1-of-499 Rosso California with a Grigio Coburn nose section and Argento Nürburgring accents | ~260 Miles
1. 2023 Ferrari Daytona SP3 | (Lot #253)
€6,250,000 ($7,273,000) | 1-of-599 Rosso Magma Tri-Coat over a Blu Elettrico Alcantara | ~462 Miles
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Images: Broad Arrow Auctions
