RM Sotheby’s made waves during ModaMiami Week, achieving an impressive $74.5 million in auction sales over February 27-28, 2025. The renowned auction house recorded an impressive 83% sell-through rate, showcasing the allure of the automotive treasures presented and marking an exhilarating start to this premier East Coast luxury event.
Held at the historic Biltmore Hotel, the auction not only featured exquisite automobiles from private collections but also celebrated the culmination of the Indianapolis Motor Speedway Museum Collection. Among the treasures offered were iconic models that have left an indelible mark on automotive history.
Leading the charge was the stunning 1966 Ford GT40 Mk II, sold for a remarkable $13.2 million, surpassing its estimate by over $2 million. It was followed closely by the rare 1908 Mercedes 17.3-Liter 150 HP ‘Brookland’ Semmering Rennwagen, which secured $8.25 million, and the legendary 1957 Chevrolet Corvette SS Project XP-64, fetching a striking $7.7 million.
Thursday evening witnessed the sale of the last remaining cars from the Indianapolis Motor Speedway Museum collection, totaling $34.4 million in sales and setting the stage for what was a thrilling auction spectacle. Notably, both the 1966 Ford GT40 Mk II and the 1996 Ferrari F50 achieved new world records, cementing their status among automotive legends.
“This year’s auction was particularly special as we continued our partnership with the Indianapolis Motor Speedway Museum,” said a representative from RM Sotheby’s. “The proceeds will go towards preserving the rich history of the Indianapolis 500 and its artifacts, ensuring that future generations can appreciate these magnificent pieces of history.”
Event Highlights:
– The 1966 Ford GT40 Mk II, campaigned by Holman-Moody at Sebring and Le Mans in 1966, captured attention with a final price of $13,205,000.
– The Mercedes 17.3-Liter Rennwagen, one of only three surviving examples with a fully documented race history, sold for $8,255,000.
– The 1957 Chevrolet Corvette SS Project XP-64, notable as GM’s first purpose-built race car and a personal endeavor of Zora Arkus-Duntov, sold for $7,705,000.
Among other standout sales, the jet-powered 1965 Spirit of America Sonic I, which etched its name in history by reaching a land speed record of 600.601 mph at Bonneville, sold for $1,325,000, exceeding its estimate by $325,000. Furthermore, the highly coveted 1996 Ferrari F50, one of only 349 examples ever produced and a celebration of Ferrari’s golden anniversary, achieved a record-setting $5,532,500.
Top 10 Lots Sold:
1. 1966 Ford GT40 Mk II – $13,205,000
2. 1908 Mercedes 17.3-Liter 150 HP ‘Brookland’ Semmering Rennwagen – $8,255,000
3. 1957 Chevrolet Corvette SS Project XP-64 – $7,705,000
4. 1996 Ferrari F50 – $5,532,500
5. 1991 Ferrari F40 – $3,580,000
6. 1937 Mercedes-Benz 540 K Cabriolet A by Sindelfingen – $2,920,000
7. 1988 Porsche 959 SC Reimagined by Canepa – $2,865,000
8. 2005 Porsche Carrera GT – $1,545,000
9. 2015 McLaren P1 GTR – $1,435,000
10. 1930 Bugatti Type 35B Grand Prix – $1,380,000
As the world’s largest collector car auction house, RM Sotheby’s continues to set benchmarks in the collector market. With over 45 years of proven results, their spectrum of services, combined with an expert team, ensures an unparalleled experience for clients worldwide. Looking ahead, the auction house is poised to maintain its reputation, having been responsible for six of the top ten most valuable motor cars ever sold at auction.
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