RM SOTHEBY’S PALM BEACH ONLINE ONLY AUCTION MARCH 20-28, 2020

Jim Weed

Volume 45 Issue 09

Apr 25, 2020

RM Sotheby’s was able to quickly transition this auction to an online auction only. It allowed bids to filter in over several days.

    330 GT 2+2 SERIES II, S/N 8627 GT (1966). Rosso Rubino with crema leather interior accented with dark red carpets and seat belts. Estimate $300,000 to $325,000. Sold for $225,000 plus commission of 15.5 percent = final price $260,000. Originally finished in rosso with a pelle beige interior. Series II U.S.A. model with single headlights with power windows and late-model “hanging pedal” setup. Between 1999 and 2000, Gran Touring Classics, of Long Beach, California, performed work on the car which saw the brakes, suspension, cooling, and carburetion fully sorted. In addition, the exhaust system and various seals were replaced, the wheel bearings were serviced, and the drive shaft and yoke were rebuilt. In subsequent years, the paint and chrome were fully restored, a cosmetic freshening was performed on the engine bay, and in 2004, the interior upholstery was extensively freshened. Gold at Concorso Italiano in 2005. Platinum at Concorso Italiano in 2006, 2007, and 2008 and Platinum at Bella Italiano in 2007 and 2008. Classiche certification issued in 2010. Recently shown at 2017 Cavallino Classic and Amelia Island Concours d’Elegance. Complete with manuals and owner’s pouch, tool kit. Lot 335.

    TESTAROSSA, VIN ZFFSG17A2H0068399 (1987). Nero with tan interior. Estimate $80,000 to $100,000. Sold for $70,000 plus commission of 10 percent = final price $77,000. Accompanied by service records, factory books, and jack. Lot 242.

    TESTAROSSA, VIN ZFFSG17A1K0081622 (1989). Giallo Fly with tan interior. Estimate $130,000 to $175,000. Sold for $115,000 plus commission of 10 percent = final price $126,500. Engine-out service performed in 2016. Accompanied by tool roll. 6,969 miles. Lot 213.

    TESTAROSSA, VIN ZFFSG17A7L0084669 (1990). Rosso Corsa with beige interior. Estimate $100,000 to $130,000. Sold for $91,000 plus commission of 10 percent = final price $100,100. One-owner example  with less than 4,200 miles. Recent belt and engine service performed approximately 100 miles ago. Accompanied with copy of window sticker, bill of sale, owner’s manuals, invoices, and tools. Lot 225.

    550 BARCHETTA, VIN ZFFZR52B000124220 (2001). #242/448. Rosso Corsa with black. Estimate $360,000 to $410,000. Not sold at high bid $275,000. Sold new to German dealer Axel Urban of ProTrade Gmb in Hamburg. Imported to the U.S. in June of 2002. Recent major engine service performed by Ferrari of Fort Lauderdale. Accompanied by owner’s manuals, tool kit, car cover, and import documentation. 1,161 miles. Lot 325.

    599 GTB FIORANO F1, VIN ZFFFC60A690165949 (2009). Avus white with blue medio. Estimate $135,000 to $145,000. Sold for $120,000 plus commission of 10 percent = final price $132,000. Odometer shows 8,474 miles. Scuderia shields. Daytona seating package, carbon fiber trim, full leather headliner, and luggage shelf with straps. Equipped with optional carbon ceramic brakes. Polished ‘Scaglietti’ Challenge wheels with Pirelli tires. Original owner’s manuals. Lot 331.

    599 GTB FIORANO F1, VIN ZFF60FCA7A0171302 (2010). Rosso Corsa Fiorano with cuoio interior. Estimate $135,000 to $150,000. Sold for $125,000 plus commission of 10 percent = final price $137,500. Options include Alcantara boot carpeting, special request carpet coloring, iPod connection, carbon fiber steering wheel, power seats and Scuderia shields. 20-inch Monolithic wheels with yellow brake calipers. 7,379 miles. Lot 314.

    LAFERRARI APERTA, VIN ZFF86ZHAXH0227678 (2017). Giallo Triplo Strato  with yellow accents throughout the black interior. Estimate $4.5 million to $5.5 million. Not sold at high bid $3,840,000. The Ferrari Extracampionario (triple layer) paint was a $28,000 option and gives the car a slightly pearlescent appearance, making it much more striking than standard yellow. Options include exterior carbon  fiber trim, yellow brake calipers, sport exhaust pipes, racing stripe, 20-inch forged black wheels, large seat cushions, and the Ferrari horse stitched on the headrests. Optional suspension lift prevents the nose from scraping. 175 miles from new and is in virtually new condition. Included is books in their leather case, battery charger, soft top, and other accessories. Lot 355.

    MONDIAL QV CABRIOLET, VIN ZFFLC15B000051101 (1984). Red with black leather. Estimate $40,000 to $45,000. No reserve. Sold for $35,000 plus commission of 10 percent = final price $38,500. Euro-specification example. Fitted with Marmitte ANSA exhaust and new Michelin TRX tires. Over $10,000 spent in service; maintained by marque specialists. Equipped with air conditioning; power windows, convertible top, and brakes. Service records, tool kit, service manual, and first aid kit. 30,173 km. One of 629 Quattrovalvole Cabriolets produced from 1983-1985. Lot 153.

    F355 SPIDER, VIN ZFFXR48AXV0109437 (1997). Nero with black interior. Estimate $45,000 to $55,000. Sold for $48,000 plus commission of 10 percent = final price $52,800. Major service completed in September of 2014; less than 1,000 miles since. Complete fluid change in July of 2019. Equipped with Tubi exhaust and Challenge rear grille. Complete with service records, owner’s manuals, tonneau cover, and tire inflator. Lot 140.

    F430, VIN ZFFEW58A750141879 (2005). Rosso Corsa with tan interior with red stitching. Estimate $180,000 to $200,000. Not sold at high bid $150,000. 6-speed. Less than 19,000 miles. 19-inch Challenge wheels. Upgraded with Tubi exhaust. Accompanied by owner’s manuals, service records, and tool kit. Lot 218.

    SCUDERIA SPIDER 16M, VIN ZFFKW66A690167276 (2009). Rosso Corsa with black Alcantara. Estimate $225,000 to $250,000. Sold post-auction for $210,000 including commission. Delivered new to Wide World Ferrari of Spring Valley, New York. Carbon-ceramic disc brakes, power windows, free-flow exhaust, and Pirelli P Zero tires. Options include red-painted brake calipers, fire extinguisher, and interior stitching in body color. Optioned with Ferrari infotainment system, allowing satellite radio functionality and Bluetooth connectivity. Less than 8,000 miles. Accompanying the car is a second key, laminated window sticker, books, tools, radio, manuals, and a Ferrari battery tender. Previous service history is included. Lot 145.

 

    458 SPECIALE, VIN ZFF75VFA0F0208869 (2015). Rosso Corsa with NART racing stripe, black Alcantara with rosso stitched headrest. Estimate $285,000 to $325,000. Sold for $295,000 plus commission of 10 percent = final price $324,500. Scuderia shields, red brake calipers, titanium exhaust pipes, carbon fiber racing seats and trim. Radio with navigation, Bluetooth, and parking camera. Recent annual service at Ferrari of Fort Lauderdale. One owner from new; showing 271 original miles. Lot 240.


 

    RM Sotheby’s was able to quickly transition this auction to an online auction only. It allowed bids to filter in over several days.

    Registered bidders were able to view high resolution photos which documented flaws not typically revealed in the normal catalog ‘glamour’ shots. Other documentation, invoices, service records, etc., could also be viewed.

    This level of transparency helped to provide a level of comfort to the buyer who would normally be able to inspect a vehicle in person.

    Without making a statement on the direction the market may be headed, after reviewing each Ferrari and comparing the prices realized, it would appear there was no appreciable over or undervaluation from a live auction.

    Time will tell if this format will continue or whether the excitement of a live auction will return.                        ed.