Thursday, August 16, 2012

What Recession ?












The ultra rare FERRARI 625 TRC SPIDER with its fine coachwork by Scaglietti is one of the most exceptional cars ever created. Ferrari made only two of these 625 TRC Spiders. The Ferrari 625 TRC Spider was one of the first Ferrari cars designated with the mystical name "Testa Rossa".
This ultra rare FERRARI 625 TRC SPIDER ( in my own home-made animation movie specially created for this blog ) was up for auction at the RM Auctions’ eagerly-awaited biennial event in Monaco, coinciding with the 8th Grand Prix de Monaco Historique. Before the auction the estimate was still to be determined...but expected to dig deep in your offshore trust fund for this one, the nouveau riche from the Middle East, Russia and China were expected to face off with European and American collectors.

If you need more proof the recession is just a myth - created to control the masses - here are the results of the RM Auction held in Monaco in May last.
RM Auctions, the world's largest collector car auction house for investment-quality automobiles, continued its record-breaking sales run in Europe generating a spectacular €33,521,710 in sales* ($43,410,615 million USD**) with 87 percent of all lots sold at its biennial Monaco sale at the Grimaldi Forum.

· The two-day auction represented RM's highest grossing auction to date in Europe
· Top seller: 1957 FERRARI 625 TRC SPIDER , one of just two built, achieved a record €5,040,000
· Ten lots exceeded €1 million with four lots surpassing €2 million
· Clients hailed from 33 countries around the world; 34 percent of bidders represented first time clientele.

Held during the same weekend as the Grand Prix de Monaco Historique, the two-day auction presented a magnificent collection of more than 90 blue-chip automobiles, 100 Ducati motorcycles and three boats. As many as ten motor cars achieved individual prices exceeding €1 million, with four lots surpassing €2 million. In addition, the sale boasted several new all-time records for a number of specific cars and motorcycles sold at a public sale. The spectacular results rank the sale as one of the most successful collector car auctions ever staged in Europe as well as RM Europe's highest grossing sale to date, eclipsing the strong results achieved by the Company at both its debut sale in Monaco in 2010 as well as the highly successful 2007 Ferrari Leggenda e Passione event.

Illustrating RM's extensive international client base, bidders hailed from 33 countries around the world, including as far away as China, Brazil and the United Arab Emirates.

"Monaco 2012 has been a fantastic success. With in excess of 33.5 million sold, this sale rates as one of Europe's highest grossing collector car sales of all time and most certainly the highest grossing collector car auction in Europe this year. Once again, RM Auctions has proved itself to be the preeminent force in the collector car auction scene," says Max Girardo, Managing Director, RM Europe.

Reinforcing RM's reputation as the global leader in the presentation of important and historic Ferraris at auction, examples from the Modenese Prancing Horse dominated the top seller's list. In total, the sale lifted the gavel on 22 different examples spanning over 60 years of production. Headlining the group was the exceptionally rare, one of two 1957 Ferrari 625 TRC Scaglietti Spiders, chassis 0680 MDTR, which was offered for sale the first time in 30 years. The rarest of all TRs produced, 0680 MDTR attracted spirited bidding in the room and on the phones, selling for a remarkable €5,040,000, a record for the model.

Another wonderful Ferrari competition car entering the history books was the 1952 Ferrari 225 Sport Spyder 'Tuboscocca', chassis 0192 ET, one of only 12 Vignale Spyders produced, which realized an incredible €2,520,000 to establish a new world record for a 225 S sold at auction. The historically significant 1966 Ferrari 206 S Dino Spyder, chassis 006, also drew fierce bidding to achieve the same sales price of €2,520,000. Other Ferrari highlights included the 1971 Ferrari 365 GTS/4 Daytona Spyder, chassis 14415, one of only 18 European-specification, LHD examples for €1,008,000; the Ferrari F1-2000 Racing Car, chassis 204, raced by Michael Schumacher on his way to the 2000 Driver's Championship for €806,400; and, the highly anticipated 1953 Timossi-Ferrari 'Arno XI' Racing Hydroplane for €868.000, a record for a Hydroplane sold at auction.

RM Monaco lots exceeding €1 million:
Lot 321 – 1971 Ferrari 365 GTS/4 Daytona Spyder- €1,008,000
Lot 333 – 1968 Alfa Romeo Tipo 33/2 'Daytona'- €1,008,000
Lot 345 - 1957 Ferrari 625 TRC Scaglietti Spider - €5,040,000 (world record for a 625 TRC at auction)
Lot 353 – 1936 Mercedes-Benz 540 K Sport Cabriolet A- €2,324,000
Lot 357 – 1996 Ferrari 206 S Dino Spyder- €2,520,000
Lot 362 – 1952 Ferrari 225 Sport Spyder 'Tuboscocca'- €2,520,000 (world record for a 225 S at auction)
Lot 367 – 1948 Ferrari 166 Inter Spyder Corsa- €1,010,000
Lot 373 – 1969 Alfa Romeo Tipo 33/3 Sports Racer- €1,232,000 (world record for an Alfa Tipo 33 at auction)
Lot 382 – 2007 Peugeot 908 V-12 HDi FAP Le Mans Racing Car- €1,680,000 (world record for a Peugeot at auction)
Lot 385 – 2006 Ferrari FXX Evoluzione- €1,338,400

For further information on upcoming events, visit www.rmauctions.com.