RM Sells Most Expensive Road-Going Car in Auction History


RM Auctions conducted what will surely be remembered as one of the most historic and successful sales in auction history this past weekend. Over two nights, which witnessed the sale of some of the world’s finest and most significant automobiles, a total of 120 handpicked lots achieved an incredible sales total of more than $125,000,000 with over 87 percent of all lots sold, making RM’s 2013 Monterey sale the highest grossing collector car auction of all time.

History was made on Saturday night when the ultra-rare and ultra-desirable 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider, smashed its way into the record books by selling for an incredible $27,500,000. With all proceeds being donated to charity by the consigning family, the car established a new world-record for a road-going car sold at public auction, whilst also lodging itself in the all-time record books as the second most expensive car ever sold at auction. Footage of the N.A.R.T. Spider crossing the auction podium is available here: http://bit.ly/14gtxJa.

“From day one, our singular aim was to tell our extraordinary father’s story and honor him in a way that would have made him smile, by donating the proceeds to charities that dad and our entire family are fond of. We feel very blessed to be able to touch thousands of lives in such a positive way. RM Auctions did a tremendous job from start to finish, forever linking dad’s legacy with the car he loved so much. Attending the festivities on the Monterey Peninsula with our friends and family was precisely what Dad would have wanted us to do!” said Eddie Smith Jr, son of the original owner.

It’s certainly our hope that the new owner enjoys the car as much as our family has and continues to show and drive it with pride, so that the many Ferrari enthusiasts around the world can partake in the fun,” he added.

My father’s story was not only told by RM Auctions, but $25 million means our father’s story is still being written. My father’s children, his grandchildren and his great-grandchildren will be able to continue his legacy of giving. Eddie Smith, Sr.’s granddaughter gave the eulogy at his funeral. It was entitled “a promise kept.” The sale of his car enables us to keep that promise, by blessing others every chance we get,” said Lynda Smith Swann.

We were certainly delighted and privileged to present the N.A.R.T. Spider on behalf of such a warm and wonderful family. We shared in the laughter and tears of joy with the Smith and Swann families and are thrilled that thousands of people around the world will benefit from their generosity,” said Rob Myers, Chairman and Founder of RM Auctions.

The Friday night sale set the tone which was to continue through to the final lot on Saturday night. Friday saw no fewer than 11 cars achieve more than $1,000,000 each, headed by the wonderful ex-Jim Kimberly 1953 Ferrari 375 MM Spider, a rare car with incredible racing history and a unique one-off pontoon fender body, which sold for $9,075,000. The 375 MM crossed the block shortly after an additional star lot, the 1939 Mercedes-Benz 540K Special Roadster, another rare car sporting one-off coachwork by Sindelfingen, which sold for an incredible $7,480,000.

Saturday night witnessed another wonderful Mercedes-Benz, the 2012 Pebble Beach Best of Show-winning 1928 680S Saoutchik Torpedo Roadster, secure $8,250,000, rounding off the top four places in a list of no less than 26 automobiles which exceeded $1,000,000 sale totals. The sale total of $125,000,000, a more than 30 percent increase over RM’s 2012 Monterey results, correspondingly establishes an average sale value in excess of $1,000,000 for each of the 120 lots sold.

Reflecting RM’s global clientele, the strong results were generated by registered bidders from 30 different countries on the telephone, over the Internet, and assembled in the standing-room-only venue. 


RM Monterey Million-Dollar-Plus Sales (Friday and Saturday):


1.       1967 Ferrari 275 GTB/4*S N.A.R.T Spider – $27,500,000

2.     1953 Ferrari 375 MM Spider – $9,075,000

3.     1928 Mercedes-Benz 680S Torpedo Roadster – $8,250,000

4.     1939 Mercedes-Benz 540K Special Roadster  – $7,480,000

5.     1955 Ferrari 750 Monza Spider – $4,070,000

6.     1955 Jaguar D-Type – $3,905,000

7.     1974 McLaren M16C Indianapolis – $3,520,000

8.     1954 Ferrari 500 Mondial Spider Series I (From the estate collection of the late William H. Tilley) – $3,520,000

9.     1950 Ferrari 166 MM Barchetta – $3,080,000

10.  1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico – $2,750,000

11.  1953 Maserati A6G/2000 Spyder – $2,530,000

12.  1935 Hispano-Suiza K6 Cabriolet -$2,255,000

13.  1960 Aston Martin DB4GT– $2,200,000

14.  1960 Maserati Tipo 61 ‘Birdcage’ – $2,090,000

15.  1958 Lister-Jaguar ‘Knobbly’ Prototype – $1,980,000

16.  1995 Ferrari F50 – $1,677,500 

17.  1971 Ferrari 365 GTB/4 Daytona Spyder – $1,650,000

18.  1955 Mercedes-Benz 300SL Gullwing – $1,485,000

19.  1957 Mercedes-Benz 300SL Roadster – $1,430,000

20.  1964 Ferrari 250 GT/L ‘Lusso’ Belinetta  – $1,386,000

21.  1996 Ferrari 333 SP Evoluzione – $1,375,000

22.  1960 Ferrari 250 GT Cabriolet Series II – $1,292,500

23.  1955 Mercedes-Benz 300SL Gullwing – $1,265,000

24.  1990 Ferrari F40 -$1,155,000

25.  1961 Ferrari 250 GT Cabriolet Series II – $1,100,000

26.  1911 Rolls-Royce 40/50 HP Silver Ghost Roadster – $1,017,500

In addition, numerous world record auctions values were established, with 14 cars setting new benchmarks for individual models or categories. 

2013 Pebble Beach Concours d’Elegance Best of Show restored by RM Auto Restoration:

RM’s fantastic weekend on the peninsula was wonderfully topped-off when the truly spectacular 1934 Packard 1108 Twelve Dietrich Convertible Victoria, which was freshly restored by RM Auto Restoration, won Best of Show at the 2013 Pebble Beach Concours d’Elegance. This marks the fifth time the company has won Best of Show honors in the new millennium – an extraordinary and truly unmatched achievement. The Packard also received the Gwenn Graham Most Elegant Convertible award, along with First in Class in the C-2: American Classic Open Packard category. Additional honors achieved by RM Auto Restoration include the Elegance in Motion Trophy for the 1938 Talbot-Lago 150C SS Figoni & Falaschi Cabriolet and First in Class for the 1931 Cadillac 452A Fleetwood Coupe in the C-3: American Classic Closed category.

RM continues its 2013 calendar with its well established London auction on its new dates, September 8-9. Held in association with the prestigious St. James’s Concours of Elegance, the auction will be a two-day sale for the first time in the event’s seven year history. The European sale will be followed by RM’s annual Hershey, Pennsylvania sale, October 10-11, and RM’s Art of the Automobile sale, presented in association with Sotheby’s, November 21, in New York City. For further information on upcoming events, along with complete official results from RM’s 2013 Monterey sale, please visit www.rmauctions.com.

*All figures are reported in U.S. dollars and include the 10 percent buyer’s premium.

Photo Caption: The 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider crosses the auction podium at RM’s 2013 Monterey sale


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