Unique architectural venue set the stage for record auction results for several significant models, $40,261,160 in total sales, and a 98% sell-through
- Drawing inspiration from the energy of Miami nightlife and the striking backdrop of the architecturally significant venue at 1111 Lincoln Road, the RM Sotheby’s team created a new destination auction event
- There is a new world-record price for a Ferrari F50 sold at auction. The Miami event saw the sale of one of the best examples of Maranello’s mid-1990s hypercar, with two previous owners and showing only 625 miles
- The “Youngtimer” sports car segment is becoming a staple in the market, with Mercedes-Benz, BMW Alpina, and Porsche cars selling over high estimates
- Supercars and hypercars score the top results; the auction’s top five sales include a Bugatti Chiron Sport, a Ferrari F40, a Ferrari Enzo, and a Porsche 959SC Reimagined by Canepa
Building on its calendar of annual sales, RM Sotheby’s hosted a one-night-only destination event for car collectors in Miami this past Saturday. On the top floor of an architectural icon, 1111 Lincoln Road, a mix of desirable supercars and hypercars were offered.
Highlights
- Many models sold for record prices, led by the sale’s top lot, a 1995 Ferrari F50, which brought $5,395,000
- A 2,188-mile 2019 Bugatti Chiron Sport clad in a carbon fiber black-over-red color scheme sold for $3,305,000
- The cover car of the Miami catalogue and current celebrity of the vintage supercar world, a 1990 Ferrari F40, previously owned by Microsoft co-founder Paul Allen, achieved $3,250,000
- Rounding out the selection of halo models from Maranello, a Classiche-certified 2003 Ferrari Enzobrought $3,195,000
- A 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti sold for $2,205,000
- Miami proved a perfect venue for a selection of cars from the Youngtimer Collection. Setting new records, a 1987 Mercedes-Benz 560 SEC AMG 6.0 ‘Wide-Body’ brought $720,000, nearly three times its high estimate
- The ultimate example of a modern, low-volume collectible, a 2019 Subaru WRX STI S209 showing only 37 miles brought $123,200
- The first 1988 Porsche 959SC Reimagined by Canepa to be offered at public auction sold for $2,920,000
Statistics
- Total sales: $40,261,160
- Sell-through rate of 98%
- 379 bidders hailed from 27 countries and 34 US states
- 91 bidders were first-time bidders
- 8 lots sold over $1 million
Top 10 Lots Sold
|
$5,395,000 | ||
|
$3,305,000 | ||
|
$3,250,000 | ||
|
$3,195,000 | ||
|
$2,920,000 | ||
|
$2,205,000 | ||
|
$1,655,000 | ||
|
$1,490,000 | ||
|
$912,500 | ||
|
$808,000 |
Quote
RM Sotheby’s Global Head of Auctions, Gord Duff, summarized the event: “What a night! Our team was excited to push the envelope for live auctions and produce an event that would be a memorable experience for our clients. To our loyal clients who followed us to Miami, as well as the many brand-new bidders, we say thank you. We look forward to creating more unforgettable auctions in special settings around the world in 2023 and beyond.”
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Ethan Gibson ©2022 Courtesy of RM Sotheby’s