This was no game-changing auction with values achieved reflecting the current market and RM Sothebys’ pre-auction estimates bear testament to this with nearly 60% of the lots selling within estimate – a big uplift in accuracy. By the numbers sums up the results. A Ferrari 288 GTO sold for £1.3 million + 12% premium and the Ferrari F40, F50, and Enzo offered sold for £648,000, £792,000 and £810,000 + premium respectively (the Enzo was well above a conservative estimate, but we didn’t see the car). Add the premium and convert to Euros and the prices sound a whole lot more impressive.
What did well?
2015 Ferrari 458 Speciale A – sold for £331,200 + 12 % premium – a chunky premium on new but not outrageous for a car with a run of only 499.
2007 Ferrari 599 GTB HGTE – sold for £230,400 + 12% premium. Again, not outrageous.
1952 Ferrari 212 Export Barchetta by Touring – sold for £4.32 million + 12% premium. This heavily publicised car sold in the lower half of its estimate but broke the previous record achieved at auction all the same.
What didn’t do so well?
1973 Porsche 911 Carrera RS 2.7 Sport Lightweight – sold for £648,000 + 12% premium, below the £684,000 estimate.
1955 Austin-Healey 100S – unsold and end a run of good results for 100S
1960 Ferrari 250 GT SWB Berlinetta Competizione – unsold. Bid to £6.5 million – a surprise for a car that represents the pinnacle of Ferrari’s GTs.
1961 Ferrari 250 GT SWB California Spider – unsold. Bid to £7.4 million. The new owner of the car sold from the Baillon Collection must be getting a little hot under the collar.
Patterns and trends
The market appears to have stabilised at this level. Two rare Ferrari 250’s remaining unsold is a surprise but no doubt there are ongoing negotiations over the future of these cars. The heat looks to be coming out of this sector of the market but prices are still strong.
You can see our pre-auction picks below.
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|Sold over estimate||3||8.33%|
|Sold under estimate||7||19.44%|
|Sold in lower half of estimate||17||47.22%|
|Sold in upper half of estimate||3||8.33%|
|Sold in lower half of estimate or below||24||66.67%|
|Sold in upper half of estimate or above||6||16.67%|
|Sold at median estimate||1||2.78%|
|Sold within estimate – ACCURACY||21||58.33%|
Click here for full results with estimates and heatmap
Images courtesy of RM Sothebys