From the Auction Desk: Driving Into Summer

RM Sotheby’s closed their Online Only: Driving into Summer sale on Friday, May 29, and they sold some big-dollar cars.

This was one of the most anticipated sales of Spring 2020 for good reason. Cars that could pack auction rooms and headline Scottsdale or Monterey auctions were on offer at rmsothebys.com.

We’re still awaiting full results as I write this, and we’ll share them with you just as soon as they’re released, but some early results provided some big numbers to report.

The headlining 2003 Ferrari Enzo sold for $2.64 million — making it the most valuable car sold in a dedicated online-only collector-car auction to date. If that seems like a number of caveats, well, so be it.

We allow Mopar anoraks to dice up their cars into one-of-one models based on steering wheels and shift handles, so accurately describing one of the most expensive online sales is allowable. The Enzo hit all the right notes: known history with two owners, fewer than 1,250 miles and rare, optional 3D fabric seats. There’s little wonder why it went for the price it did.

That wasn’t the only big-money car to come out of that sale. Pent-up Ferrari demand showed up in force. A 1985 Ferrari 288 GTO went away at $2.31m. Two other Ferraris, a 1958 Ferrari 250 GT Ellena coupe and a 2020 Ferrari 488 Pista Spider, went for $671,000 and $605,000, respectively.

A 1995 Ferrari F50 went unsold and sits with a $2.5 million asking price right now on the RM Sotheby’s website. So, if you have some spare coin….

Now, it wasn’t all just Prancing Horses at the top of the ticket. A 2017 Fort GT sold at $836,000, which looks like a heckuva deal based on other sales during the past 12 months. That wasn’t the only GT there either, as a Heritage Edition ’06 GT sold for below median guide value at $385,000.

RM Sotheby’s Driving into Summer showed that there are still opportunities to get into high-end exotics and sports cars. You just need the right web addresses.

Chad Tyson

Chad opted for a more formal education on automotive technology at WyoTech, in Laramie, WY, after tearing into his 1967 Chevrolet Camaro at age 17. A few years later, he wound up at a Ford dealership for a while, specializing in repairing PowerStroke turbo diesels, and enjoying rekeying Focus ignition lock cylinders. Although his early preference was late-’60s GM muscle, he isn’t afraid of oddball and unique engineering. He has a fondness for dreamily searching for cars on eBay Motors and tromping around junkyards. He is a valuable part of getting auction information into the magazine.

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