RM Sotheby’s Pop-Up Miami Auction Delivers Record-Breaking Results

Unique architectural venue set the stage for record auction results for several significant models, $40,261,160 in total sales, and a 98% sell-through

• Drawing inspiration from the energy of Miami nightlife and the striking backdrop of the architecturally significant venue at 1111 Lincoln Road, the RM Sotheby’s team created a new destination auction event
• There is a new world-record price for a Ferrari F50 sold at auction. The Miami event saw the sale of one of the best examples of Maranello’s mid-1990s hypercar, with two previous owners and showing only 625 miles
• The “Youngtimer” sports car segment is becoming a staple in the market, with Mercedes-Benz, BMW Alpina, and Porsche cars selling over high estimates
• Supercars and hypercars score the top results; the auction’s top five sales include a Bugatti Chiron Sport, a Ferrari F40, a Ferrari Enzo, and a Porsche 959SC Reimagined by Canepa

MIAMI, FL – December 13,  2022 – (Motor Sports NewsWire) – Building on its calendar of annual sales, RM Sotheby’s hosted a one-night-only destination event for car collectors in Miami this past Saturday. On the top floor of an architectural icon, 1111 Lincoln Road, a mix of desirable supercars and hypercars were offered.

Highlights

• Many models sold for record prices, led by the sale’s top lot, a 1995 Ferrari F50, which brought $5,395,000
• A 2,188-mile 2019 Bugatti Chiron Sport clad in a carbon fiber black-over-red color scheme sold for $3,305,000
• The cover car of the Miami catalogue and current celebrity of the vintage supercar world, a 1990 Ferrari F40, previously owned by Microsoft co-founder Paul Allen, achieved $3,250,000
• Rounding out the selection of halo models from Maranello, a Classiche-certified 2003 Ferrari Enzobrought $3,195,000
• A 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti sold for $2,205,000
• Miami proved a perfect venue for a selection of cars from the Youngtimer Collection. Setting new records, a 1987 Mercedes-Benz 560 SEC AMG 6.0 ‘Wide-Body’ brought $720,000, nearly three times its high estimate
• The ultimate example of a modern, low-volume collectible, a 2019 Subaru WRX STI S209 showing only 37 miles brought $123,200
• The first 1988 Porsche 959SC Reimagined by Canepa to be offered at public auction sold for $2,920,000

Statistics

• Total sales: $40,261,160
• Sell-through rate of 98%
• 379 bidders hailed from 27 countries and 34 US states
• 91 bidders were first-time bidders
• 8 lots sold over $1 million

Top 10 Lots Sold

1.	1995 Ferrari F50	$5,365,000
2.	2019 Bugatti Chiron Sport	$3,305,000
3.	1900 Ferrari F40	$3,250,000
4.	2003 Ferrari Enzo	$3,195,000
5.	1988 Porsche 959SC Reimagined by Canepa	$2,920,000
6.	1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti	$2,205,000
7.	2005 Porsche Carrera GT	$1,655,000
8.	2020 Ford GT Heritage Edition	$1,490,000
9.	1994 Porsche Turbo S ‘Package’	$912,500
10.	2007 Mercedes-Benz SLR McLaren 722 Edition	$808,000

Quote

RM Sotheby’s Global Head of Auctions, Gord Duff, summarized the event: “What a night! Our team was excited to push the envelope for live auctions and produce an event that would be a memorable experience for our clients. To our loyal clients who followed us to Miami, as well as the many brand-new bidders, we say thank you. We look forward to creating more unforgettable auctions in special settings around the world in 2023 and beyond.”

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About RM Sotheby’s

RM Sotheby’s is the world’s largest collector car auction house by total sales. With over 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 seven of the top ten most valuable motor cars ever sold at auction.

Source: RM Sotheby’s

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