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RM's €41 million bonanza in Monaco

Published 12 May 2014

RM Auctions' sale, which ran alongside the Grand Prix de Monaco Historique posted a spectacular set of results in a market that continues to hold firm amid some fears of softening values at the top end of the market. Total sales amounted to €41,303,830 with 93 per cent of all lots sold - clearly Monaco during the race weekend is the place to sell - especially if it's a Ferrari.

Six of the Top 10 sellers were Ferraris. The highest selling car of the night was the ultra rare 1966 Ferrari 275 GTB/C with coachwork by Scaglietti. This one was the the ninth of 12 examples, and when the hammer finally fell at €5,712,000, it was predictably a new world record, this time establishing this as the most valuable fixed-head Ferrari 275 ever sold at auction.

Next up was a 1959 Ferrari 250 GT Pininfarina, which made €4,704,000 to become the most valuable of its model ever sold at auction. Rounding off the top three sellers was the 1967 Ferrari 330 GTS, a multiple concours winner, which found a new home for €2,128,000.

Ferrari 275

There were some pretty impressive racing cars on offer, too. The race-ready 1966 Brabham-Repco BT20, 1967 Monaco Grand Prix winner in the hands of Denny Hulme during his championship-winning year, made €1,092,000, while James Hunt's Hesketh made €250,000.

Max Girardo, Managing Director of RM Auctions, Europe, said: 'From a results perspective, this has been our biggest ever European sale and the 93 percent sell through figure is testament to the diversity and depth of quality that we had on offer. The atmosphere and energy was incredible right through to the final lot and it’s a particular delight that we have attracted so many enthusiastic new bidders from all around the world.'

Top 10 - RM Auctions, Monaco, 10 May: