$172.7M In Sales Made At RM Sotheby’s 2015 Monterey Auction

RM Sotheby’s auctions always attract pricey exotica, however this past weekend’s Monterey 2015 sale was truly something else, setting a record as the highest grossing collector car auction of all time. The unofficial tally for auction and post-sale auction private sales currently sits at $172.7 million, with the ‘Pinnacle Portfolio’ collection raking in $75.4 million alone.

The Pinnacle Portfolio, described by RM as “an extraordinary single-vendor collection of post-war sports cars,” garnered plenty of attention prior to the auction, which drove prices up when the exquisite collection of cars was ready to be auctioned off. The collection included a 2005 Ferrari Enzo gifted to Pope John Paul II by Ferrari, which broke the record for Enzo sales and took in $6,050,000.

However nothing in the Pinnacle Portfolio came close to the 1964 Ferrari 250 LM by Scaglietti, which sold for $17,600,00. The same day, a McLaren F1 LM also crossed the auction block, selling for an equally as shocking $13,750,000. A 1953 Jaguar C-Type Works Lightweight was also among the top-sellers, taking in $13,200,000.

Another Ferrari to make headlines at the event was the 1956 Ferrari 250 GT Berlinetta Competizione ‘Tour de France’, which was purchased by Spanish racing driver Marquis Alfonso de Portago and driven to victory in the 1956 Tour de France Auto. After an active bidding war between multiple interested parties, the car sold for $13.2 million.

No Comments yet

Leave a comment