RM Sotheby’s Milan Auction a Resounding Success with Over €11.6 Million Sold in Exclusive Boutique Event

SALE LED BY THE EX-ROGER VADIM AND JANE FONDA 1966 FERRARI 275 GTB WHICH ACHIEVED A FINAL PRICE OF €2,255,000 

NEW WORLD RECORD PRICE FOR 1988 LAMBORGHINI LM002 HAMMERING FOR €393,125

  • RM Sotheby’s conducted its first ever Milan auction, a boutique sale with the 19-lot auction grossing €11,635,000 at the Palazzo Serbelloni
  • The auction, which was held live with in-person bidding saw high levels of interest and activity across all lots, with the 1966 Ferrari 275 GTB, the 2000 Ferrari 550 GT1 and the 1963 Ferrari 250 GT/L Berlinetta Scaglietti filling the top three sale results
  • Full results available at rmsothebys.com

LONDON, ENGLAND – June 17, 2021 – (Motor Sports NewsWire) – RM Sotheby’s conducted its first ever Milan sale on 15th June, with the exclusive 19 lot auction grossing €11,635,000 at the Palazzo Serbelloni. The sale was the first RM Sotheby’s auction in Europe to welcome clients back to a live auction environment, and the well-attended event was a stunning spectacle with the incredible roster of cars displayed under the Italian blue sky and surrounded by some of Milan’s most historic buildings.

It was perhaps no surprise that the 1966 Ferrari 275 GTB, chassis #08641, bought new in 1966 by Roger Vadim and subsequently owned by his wife, Jane Fonda, was the top seller on the day. Beautifully restored and presented in its original Azzuro with black leather interior, the Ferrari Classiche certified car achieved €2,255,000. A performance Ferrari from another era, the 2000 Ferrari 550 GT1, was the second highest price achieved on the day. One of 2 cars built by Italtecnica for Team Rafanelli for the 2001 FIA GT Championship and originally driven by Naspetti and Schiattarella, and with a successful period racing career over two full seasons of GT racing, the car sold for an impressive €1,805,000. Rounding out the top three sales was the much-admired 1963 Ferrari 250 GT/L Berlinetta, the 65th of a total of only 350 units built and presented in its original shade of metallic silver grey and fitted with a black interior. This matching numbers and Ferrari Classiche certified example brought €1,478,750. The final car to bring over €1,000,000 in the sale was the 1957 Mercedes-Benz 300 SL Roadster, a car with fantastic provenance and featuring a unique glass hardtop, which brought €1,051,250.

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Other notable sales include the 1996 Alfa Romeo 155 V6 TI ITC, a formidable 155 DTM/ITC Works Touring Car from Alfa Corse. Piloted by Nicola Larini during the 1996 ITC Season,  and offered in race-ready condition, this car achieved €792,500. The 2004 Koenigsegg CCR sold in Milan was the first CCR revealed to the public at the 2004 Geneva International Motor Show, and achieved a final price of €798,125, exceeding its pre-sale estimate, as did the 1963 Ferrari 250 GTE 2+2 Series III, a stunning, restored example which brought a very impressive €466,250.

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Another stand-out result of the auction, was the 1988 Lamborghini LM002. Lamborghini only made 328 of these imposing vehicles between 1986 and 1993, and the car offered was a desirable early production, carburettor-engined version. It smashed its pre-sale estimate and sold for €393,125, a world record auction price for a LM002.

Augustin Sabatié-Garat, Head of Sales at RM Sotheby’s Europe, said: “We are really delighted with the results of our first ever Milan sale. Our intention was to bring a small boutique style auction to Milan, close to the hub of the Mille Miglia activity in the region, and offer a selection of very high-quality cars. We have achieved our goal and we have once again proven that demand for exceptional cars is very strong, and that the traditional live auction format taking place in an outstanding location, is still highly sought after by both buyers and sellers of high-end automobiles.”  

Top 10 Sales

Lot 110.       1966 Ferrari 275 GTB €2,255,000
Lot 117        2000 Ferrari 550 GT1 €1,805,000
Lot 116        1963 Ferrari 250 GT/L Berlinetta Lusso €1,478,750
Lot 114        1957 Mercedes-Benz 300 SL Roadster €1,051,250
Lot 118        2004 Koenigsegg CCR €798,125
Lot 119        1996 Alfa Romeo 155 V6 TI ITC €792,500
Lot 111        1951 Alfa Romeo 6C 2500 SS Villa d’Este Coupé €640,625
Lot 113        Bugatti Type 46 Coupé ‘Superprofilée’ €545,000
Lot 112        1963 Ferrari 250 GTE 2+2 Series III €466,250
Lot 108        1960 Aston Martin DB4 Series II €455,000

For full results and more news on all forthcoming live and online only sales, please visitrmsothebys.com.

FOR MORE NEWS FROM RM SOTHEBY’S: #RMSothebys #RMMilan

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About RM Sotheby’s

RM Sotheby’s is the world’s largest collector car auction house by total sales. With 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction.

Source: RM Sotheby’s 

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