Me too, staying at the NH Fiera etc. Yes, the majority of lots will get sold for more than they are worth, because there will be so many people willing to buy something and believe in miracles, like turning rust into gold. There are some really interesting, important cars, and they will catch a lot of attention. Then there are some average classics in very poor state, no paperwork etc. But regardless everything will sell well. In Aalholm, Denmark 2012 (IIRC) ther were 900+ bidders and it was crazy. Now I heard they (RM Sotheby's) are expecting 8000 people. It's going to be a madhouse, but should be pretty entertaining to watch, I think. Cheers, Pekka T. Fin.
I'm guessing that the €100 admission charge to the auction will keep the numbers down (in that specific area) but I would expect to see thousands of folk milling around Hall 24 where all the lots are going to be on display from Thursday onwards for anyone with an €18 general admission ticket. The show itself opens on Friday and Hall 24 is thus going to be open for 4 days (Thursday-Sunday). Online bidding would appear to be worth considering but serious bidders may not wish to take the risk that there will be adequate cellular or WiFi connections for anyone onsite (or offsite for that matter!)
Here's a little story I wrote.. https://lux-mag.com/2016/11/16/europes-biggest-car-auction-rm-sothebys-two-thousand-wheels/
Interesting piece, Darius. It is indeed a "sweetie shop" - I just hope some of them don't leave a bitter aftertaste! Should you be wondering what to get me for Christmas, my tastes are modest - lot 880 or 852 would do me very nicely, thankyou!
Darius- Nice article and the opportunity to pick up a bargain or, alternatively, a headache since very little is known about the cars or their condition. One of your minions corrected "Ruote" to "Route" along the way, or auto-correct did it for them.
Taz, well spotted, and now corrected, thank you. Judging by the number of people going, it may be a place to buy some very expensive headaches.. Aside from the 599 manual and the 275, all the other Ferraris there are freely available with some great cars on the market. No reason to buy an expensive 575 manual or 550 with zero history there.
I was scouring Twitter for some images from today's preview in Milano and found this article written by a journalist from The Classic Car Trust who enjoyed a preview of the lots some weeks ago. https://classiccartrust.com/2016/11/exclusive-preview-of-duemila-ruote-collection/ The author confirms that most of the cars were seized (in the legal sense!) seven years ago and went on to say.. “We allocated a given amount of time to each car, based on its estimate. The higher its value, the longer we could spend preparing and starting it. With a few exceptions, we chose not to start the cars with a distribution belt because of the risk of starting an engine with an old belt, jammed in the same position for seven years. Instead, we did work on starting up the cars with chain distribution engines, a good number of them at least. And it was always a thrill bringing them back to life! Weather not looking great but I'm going to head down there tomorrow and spend the afternoon mooching around the show and will try to take a few pictures. #DuemilaRuote
I am at the fair at the moment. It is quite unbelievable. What a collector and what a character. Look up Luigi Campione North East Services. Italian is a pre-requisite . I can see no line in his collection, but I must say that most are above what I would have expected condition wise. Some are superb. The 550 and 575 are all in very good condition with minus 50k Km on them. One has a severe case of sticky buttons! THe RM organisation is nowhere. They where caught by the intrest with pants down. I see big issues tomorrow for RM during the actual auction.....
MogulBoy and Vereeken, please keep the dispatches coming! Fascinating. I stayed away in the end, too much interest. Any sell prices always welcome. (And if you happen to catch the hammer prices of the 996 GT2s I was going to bid on, I'd love a PM).
A fascinating event. I'm heading home now but will post an update later on. Image Unavailable, Please Login
The world has gone crazy. I did not even have to waive my number. It stayed in my pocket. A BMW M635 CSI, 135k km ,original but no books, solid and well maintained, no special options, S38 engine so not the M88 you want....please sit down Are you sitting down? Sure? 50.000 Euro plus premium. You can buy these S38 M engines on Bringatrailer once a month for 25K (dollar) A 2.0 911 S 1967. I would buy it for spares. But people say that I am pessimistic. I think I am a realist (front/back bumpers missing, interior ? What Interior). 65.000 A Porsche 2.2 S with an VIN issue (special disclaimer by RM, so all are aware unlike the BMW above that I discovered had a S38) 30.000 ANd now for the Pantera...I am not going to start the list of major flaws. Someone on drugs bought this for 120K plus premium. You can find them for 80 sorted and tested in the color of your liking. I was away from Planet earth last week so something must have happend. I will investigate what happend. Happy bidding.
Black Friday auction craziness. I blame all those journalists for writing about it! Or it's the syndrome (among private buyers, I am sure, not dealers?) of "I came all the way to this auction, and I'll be darned if I'm leaving empty handed". Reminds me of the buyer in Hong Kong who bought a future (a certificate!) for an unreleased case of Lafite 2009 for 50% over the market price. Fascinated to hear what happens to the 'feature lots'.
Back home after a 750km round trip in my Boxster and a Grand Day Out. I stayed until Lot 304, the 1965 Alfa Romeo Giulia Sprint GTA which hammered at €300k. I dearly love these and would have one over most '300k' classics but I would be [just about] as happy with a replica for circa 20% of that level. Were you able to follow the auction live Darius on the web? Not sure if they are doing the usual live feed but those who register to bid via internet would of course have some form of live access. Just as a taster Lot 298, the first GT2, a 2002 Porsche 996 GT2 hammered at €120k plus commission and this guys twitter feed will give you a preview of most of the results from today. https://twitter.com/antonio_brunet P.S. Someone paid €12k (plus commission) for the 1998 2.5L Boxster which is about two to three times the going rate IMO.
Some pictures of the manual 575M for posterity.. It is Lot 606 which could mean Saturday but I was convinced that it was parked amongst the cars that are to be auctioned on Sunday.. There is no battery but it was possible to open the doors and I had a good look at it. It hasn't really been prepared for sale in any way but under that grime, I'm sure that the paint would come up nicely and I saw no dings or scratches that wouldn't polish out. It has the leather rear shelf and hi-fi upgrade. It also has a Shell service sticker dated March 2008 that stated 25,003 kms. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
The instrument binnacle trim looks ropey but it has not shrunk. It does appear to be the same Alcantara(?) material that they used on the 550 Barchetta and it looks like it could have been a factory special. The rest of the upper dash and the passenger air bag cover clearly have issues. The optional passenger airbag switch is fitted and there is what could be a hands-free speaker in the passenger footwell. The front brakes (floating rotors) have seen some use but the standard rears are more or less in new condition. The modulars are unmarked but the fronts are the non-HGTC variants. There is a Provincia Di Treviso solution control sticker on the windshield that shows April 2011 which would be an expiry date but I have no idea when the car last ran given the reports that some of them were seized 7 yrs ago. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
And finally, the front grille has been painted matt silver... I didn't see many folk taking too much interest in it to be honest. There was more interest in the TDF 550 that was nearby. There is a slightly damp smell in the interior but a good clean would probably shift that and then the new owner can set about restoring the dash and dealing with the stickies... The auction was packed today and if that continues, I can see this car making more than it really should! Image Unavailable, Please Login
Lot 606 is on Saturday right after the Superamerica and Barchetta. Maybe it coule be a steal but after the Boxster. I liked the auctioneers comment. Well done madame you are the first female bidder....(and overpaid only 10k).
Hammered at €190k so let's call it €220k including commission, VAT and incidentals.. That's all the money for a car with potential but clearly in need of a dashboard refurb, a recommissioning service and a thorough detailing and it should make a number of other cars currently for sale like 635CSI's look like bargains... I wonder if this auction will be seen as a tipping point and future auctions in Europe will be much larger with no reserve more commonplace or if it will be back to business as usual.
Thanks Mogulboy. It's good to have an actual selling price for the record. 200k pounds/euros should buy a very good 575 manual with no stories. This car will always have a story.
Goodness that manual is a dog, certainly makes RHD look cheap at present. Glad did not sell mine is different league to that and soon resplendent in its new rims !! Pictures to follow. Cold in England now, hope all regulars are well.
It's cold in England but it was also glorious topless Ferrari weather this morning (see my post in 430 forum!). Your 575 looks 10x nicer than the RM one.
Very interesting story guys. I was there too and it seems like it is hard to find a mint condition Maranello even if it is supposed to be very very good. Different cars have different problems... Although non of them are not familiar. The 575 Super America was in fact in really good condition though! For the money I spent soon four years ago and with some replacement costs, my 112.000 km Pozzi/crema 550 is not a bad value at all. I had it to 310 kph. The other day and now I will dyno test it before new exhaust goes on (Hyperflow cats for sale now!). The fact from this auction just strengthen my believe that if you have a no-issues original car, The more money you can put in it, the higher the value will be. And in value for me who is not going to sell, it is a great value every day I drive it or look at it in the garage for that matter!!
I attended and bought NOTHING. I am dissappointed but the audience was in a bidding trance. I was there for: LOT 239 BMW 635 CSI LOT 284 Detomaso LOT 540 Escort RS 1600 LOT 847 Capri RS 2600 LOT 861 BMW 2002 Crazy.
Can anyone explain how if it was so well attended and everything was no reserve there are some lots showing as unsold (eg 861) ?
