Thursday, May 6, 2010

Ferrari Superamerica sells for £2.4 million

Top auction house RM made its way into the record books yet again when it sold a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB for £2.4 million at a prestigious auction in Monaco in May 1 - the highest recorded price for a Superamerica.

The Sporting Classics of Monaco sale, held at the Grimaldi Forum, was packed with rare and exotic classic cars, five of which sold for over €2 million (£1.7 million). Four of the top five sellers were Ferrari 250s from the 1950s and 1960s, along with a 1960 Maserati Tipo 61 Birdcage, which sold for £2.11m.

A total of 105 cars went under the hammer, 88 of which sold at auction to produce an 86 percent sell-through rate and total sales of over £28 million. The sale's cover car - a 1937 BMW 328 MM Bügelfalte - failed to sell at auction, but it was bought after the event for an undisclosed sum.

Bidders from 33 countries fought it out over the telephone, online and in the standing only venue. RM estimates that around 3,300 people watched the live steaming footage of the auction online.

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