RM Ferrari Leggenda e Passione Auction

Stalling a bit.
@ about $9.5mm reserve comes off.
It's @ $11mm before fees.
(I think the original owner started this car's asking price last year around $15mm.)
Sold @ 8.2mm euros...around $12.2mm with buyers fees.

 

no reserve on the TR?

edit: didn't see post above

 

$11M......there still seems to be plenty of money available for the right car.

 

List of results (these are my notes not official results and do not include any commissions)

Paul

LOT 201
SOLD 70,000 Euros
Bidder in room

LOT 202
SOLD 75,000 Euros
Bidder in room

LOT 203
SOLD 700,000 Euros
Telephone Bidder

LOT 204
SOLD 350,000 Euros
Bidder in Room

Lot 205
SOLD 115,000 Euros
Bidder in room

LOT 206
Engine overhauled at EUR 20,000 before auction
SOLD 55,000 Euros
Bidder in room

LOT 207
SOLD 115,000 Euros
Bidder in room

LOT 208
Registered 21644 H
NOT SOLD 1.25 Million Euros
Telephone Bidder

LOT 209
SOLD 250,000 Euros
Bidder in Room

LOT 210
WITHDRAWN

LOT 211
SOLD 95,000
Telephone Bidder

LOT 212
SOLD 400,000 Euros
Bidder in room (front row)

LOT 213
NOT SOLD 4 Million Euros
Telephone Bidder

Lot 214
NOT SOLD 750,000 Euros
Telephone Bidder

LOT 215
NOT SOLD 1.35 Million Euros
Telephone Bidder

LOT 216
NOT SOLD 575,000 Euros
Telephone Bidder

LOT 217
NOT SOLD 1.6 Million Euros
Bidder in room

LOT 218
SOLD 600,00 Euros
Bidder in room

LOT 219
SOLD 60,000 Euros
Bidder in room

LOT 220
NOT SOLD 7.25 Million Euros

LOT 221A
430 Coupe (proceeds to earth quake in Italy victims)
SOLD 180,000 Euros
Bidder in room

LOT 221
NOT SOLD 2.1 Million Euros

LOT 222
SOLD 105,000 Euros
Telephone Bidder

LOT 223
SOLD 650,000 Euros

LOT 224
NOT SOLD 225,000 Euros

LOT 225
SOLD 235,000 Euros
Bidder in room

LOT 226
SOLD 365,000 Euros
Bidder in room

LOT 227
Dutch registered DM-21-24
SOLD 190,000 Euros
Bidder in room


LOT 228
WITHDRAWN

LOT 229
SOLD 310,000 Euros
Bidder in room

LOT 230
NOT SOLD 1.35 million Euros

LOT 231
SOLD 100,000 Euros

LOT 232
SOLD 2.1 Million Euros

LOT 233
SOLD 725,000 Euros
Bidder in room

LOT 234
SOLD 1.92 million Euros

LOT 235
SOLD 320,000 Euros
Bidder in room

LOT 236
SOLD 260,000 Euros

LOT 237
SOLD 8.2 million Euros
Telephone Bidder

 

World Record

 

Thanks!

 

The car had a little confusing history. Another point is that the body was changed many years ago. When Moss drove it in Monaco `56 it was shortnose, now its a longnose body.
Then - there are some other -and better!- 250F`s for sale.

Ciao!
Walter

 

Thanks!

It finally connected at the first car on the block.

 

...out of the crowd.

 

Here's a complete but unofficial list in PDF with all prices incl. buyer's premium (10%) and Italian taxes (20% on premium).

Really nice auction !!!
Image Unavailable, Please Login

 

Does anyone know if all cars are subject to the Italian Tax (20% on premium) or just those cars that are being sold out of Italian ownership?

-Jarrett

 

Only a few lots (203, 211 & 219) were subject to 20% VAT as all others are just there on a temporary import bond so the tax does not apply in most cases and it's better to see the prices without. Also, missing are several lots (as reported in Paul's post) since I would assume you are not including them because they are either Dino's, Maserati's but what about Lots 219 and 235?


LOT 219
SOLD 60,000 Euros
Bidder in room

LOT 235
SOLD 320,000 Euros
Bidder in room

Rangemaster

 

Very nice job, but why did it take so long (almost 15 minutes) for you to publish these results?


Just joking of course! Great stuff!

 

Some others out thee for sale at this price point??
Seems like remarkable value... at 0.75 the price of a steel SWB.

shocking

 

Hi Jarrett,

The 20% Italian VAT on the premium only has nothing to do with the origin of the car, but with the fact that a commission is received within Italy.

Here's the information published on the RM Auctions website:

"BUYER’S PREMIUM
The buyer’s premium in effect at Legenda e Passione is 10%. Since the sale is conducted in Italy, IVA (Italian VAT) on the buyer’s premium at the Italian rate of 20% will be collected by RM and remitted to the Italian tax department. For example, a tax paid automobile purchased for a hammer (block) price of €100.000 will be invoiced at €112.000 (€100.000 purchase price + €10.000 buyer’s premium + €2.000 VAT on the buyer’s premium)."

Here's the link:
http://www.rmauctions.com/EventInfo.cfm?SaleCode=FF09

Best regards

Kevin

 

To me, a 1989 328 GTS and a 1990 Ferrari 641/2 F1 aren't classic Ferrari's so not listed.

 

Wow! 0714 brought a good number $12+ million US is pretty good, at least IMO.
Erik

 

IMO, strong price for 250 TR in todays market, BUT all of these values seem to be settling where they were 5 years ago, and some sellers will be shocked to find there California's back at 2 - 4 mil. Euros, SWB's at the same, and TDF's at 1 - 2 mil.
Just what is a 330p4/350 CanAm/ ? worth tho - 7.25 mil. Euro I would have thought was all the money in the current climate. Especially considering it could be 10 - 15 years before we get back to the BIG prices again.

 

No - not to that RM-price from today!

Ciao!
Walter

 

Here is a story on the record 250 TR auction result, including a picture of it being hammered sold.

http://www.sportscardigest.com/archives/5690

 

Anyone know what Lot 219, the 212 Inter Europa went for. Total price, ie, all the money that came out of the guys wallet.

 

I was there this afternoon and it looked like someone did his homework: the bider stepped out and could not be tempted to pay € 7.5 mil. And he is right: although advertised as a 330P4, the car is officially a 350 Can Am, since the factory did the conversion back then. When you buy a car like this and restore it back to 330P4 configuration, you will not receive a Certificate from Ferrari Classiche. Something to think about when you like Pebble Beach or Villa d 'Este. So: the prices of a P4 will be in the range as Cavallino listst them: 10-14 mil $, but this car is not a P4 (according to the factory sheets)

 

Were you able to identify the bidders for the 350 in the room? Was Walter Medlin there for RM to try getting the reserve reset?

Any word on post auction sales?

Jeff

 

it raced at the 1956 Australian AGP.

 

Napolis has been strangely silent for awhile

THANKS everyone for the photos and updates throughout the weekend- the next best thing to being there.