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RM Sotheby’s Monterey Auctions Results in Over $170 Million in Sales

by Edward Jones
August 17, 2015
in Auctions, For Sale, Pebble Beach

Last week in Monterey, California, auction house RM Sotheby’s was out to break the record for “highest grossing collector car auction of all time.”

1998 McLaren F1 'LM-Specification'
1998 McLaren F1 ‘LM-Specification’

In a press release issued August 15 by RM Sotheby’s, they touted an unofficial tally sitting at $172.7 million. This figure is a 20 percent increase over their 2014 California auction, and the new record for the highest grossing collector car auction.

To make this astounding result possible were 35 cars auctioned off with $1+ million results. What’s more, four of these lots exceeded $10 million. These included a 1964 Ferrari 250 LM for $17.6 million, 1998 McLaren F1 ‘LM-Spec’ for $13.75 million, 1956 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’ for $13.2 million and 1953 Jaguar C-Type Works Lightweight for $13.2 million.

Included in these numbers is The Pinnacle Portfolio, a private collection of some of the rarest supercars and collector’s cars. The sale of collection amounted to $75 million, almost half of the entire auction’s results. When the official numbers come in, they could be a new record for a private automobile collection sold in the span of one day.

We are still waiting on full official results from RM Sotheby’s, so stay with us for more information. In the meantime, check out the unofficial top 10 sales from their Thursday and Friday night auctions.

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1.      Lot 113 – 1964 Ferrari 250 LM – $17,600,000

Ferrari For Sale

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2.      Lot 107 – 1998 McLaren F1 ‘LM-Specification’ – $13,750,000

McLaren For Sale

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3.      Lot 235 – 1953 Jaguar C-Type Works Lightweight – $13,200,000

1953 Jaguar For Sale

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4.      Lot 118 – 1959 Ferrari 250 GT LWB California Spider – $8,500,000 (post-sale transaction)

1959 Ferrari 250 GT LWB California Spider

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5.      Lot 217 – 1950 Ferrari 275S/340 America Barchetta – $7,975,000

1950 Ferrari 275S-340 America Barchetta

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6.      Lot 103 – 2005 Ferrari Enzo – $6,050,000

2005 Ferrari Enzo

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7.      Lot 116 – 1994 Ferrari F40 LM – $3,300,000

1994 Ferrari F40 LM

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8.      Lot 121 – 1967 Ferrari 275 GTB/4 – $3,300,000

1967 Ferrari 275 GTB4

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9.      Lot 120 – 1972 Ferrari 365 GTB/4 Daytona Spider – $2,750,000

1972 Ferrari 365 GTB4 Daytona Spider

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10.    Lot 105 – 1971 Lamborghini Miura P400 SV – $2,475,000

1971 Lamborghini Miura P400 SV

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(Source: RM Sotheby’s. Photos: Patrick Ernzen © 2015, Courtesy of RM Sotheby’s)

See More Auction News

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