RM Auctions, the world’s largest collector car auction house for investment-quality automobiles, ended its Monterey sale August 16-17, 2013 with an incredible record-breaking Saturday auction which saw the star lot, an ultra-rare 1967 Ferrari 275 GTB/4*S N.A.R.T Spider, smash records and sell for an astounding $27,500,000. (All figures are reported in U.S. dollars and include the 10 percent buyer’s premium.)
This incredible price makes the car the second most expensive car ever to be sold at public auction and comfortably the most expensive Ferrari ever sold at auction. Alongside the N.A.R.T Spider, eyes were also firmly fixed on the 2012 Pebble Beach Best of Show-winning 1928 Mercedes-Benz 680S Torpedo Roadster, which sold for $8,250,000.
The 275 GTB/4*S N.A.R.T Spider is one of the world’s rarest cars, with only 10 cars having been built in the 1960s, commissioned by Ferrari’s American importer, Luigi Chinetti. The particular car sold in Monterey this weekend is even rarer for the fact that it has been in the same family’s ownership since new. The price realized for the car establishes a new world record for a Ferrari sold at public auction and makes the car the second most valuable car to ever be sold at auction as well as the most valuable road-going car ever sold at auction. Furthermore, all proceeds from the sale will be donated to charitable causes close to the heart of the late owner, Mr. Eddie Smith Sr.
The 1928 Mercedes-Benz 680S Torpedo Saoutchik Roadster is an exquisite, multi-award-winning car which was judged Best of Show at the 2012 Pebble Beach Concours d’Elegance. The car achieved a remarkable $8,250,000, as international bidders battled to secure what is widely considered to be one of the most desirable pre-war cars ever made.
The two star lots headed a remarkable sale which saw 15 cars sell for in excess of $1,000,000 each and numerous auction sale records established.
1967 Ferrari 275 GTB/4*S N.A.R.T Spider – $27,500,000
1928 Mercedes-Benz 680S Torpedo Roadster – $8,250,000
1954 Ferrari 500 Mondial Spider Series I – $3,520,000
1974 McLaren M16C Indianapolis – $3,520,000
1953 Maserati A6G/2000 Spyder – $2,530,000
1935 Hispano-Suiza K6 Cabriolet -$2,255,000
1960 Maserati Tipo 61 ‘Birdcage’ – $2,090,000
1960 Aston Martin DB4GT– $2,060,000
1995 Ferrari F50 – $1,677,500
1971 Ferrari 365 GTB/4 Daytona Spyder – $1,650,000
1996 Ferrari 33 SP Evoluzione – $1,375,000
1955Mercedes-Benz 300SL Gullwing – $1,265,000
1990 Ferrari F40 -$1,155,000
1961 Ferrari 250 GT Cabriolet Series II – $1,100,000
1911 Rolls-Royce 40/50 HP Silver Ghost Roadster – $1,017,500
The Saturday August 17 sale session concluded RM’s 2013 Monterey auction.
In total, the two-day sale presented approximately 120 blue-chip automobiles as part of the most significant auction offering ever presented on the Monterey Peninsula. Full sale results will be posted online shortly at www.rmauctions.com.