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RM Auction on Villa Erba Posts More Than $35.5 Million

At its exclusive sale during the Concorso d’Eleganza Villa d’Este weekend on Lake Como, Italy, RM Auction has had sales of $35,519,120 during the past weekend. They set the new world record for 1953 Ferrari 340/375 MM Pinin Farina Berlinetta ‘Competizione’ which was sold for $12,812,800 and also has become the most expensive automobile sold at auction.

1953 Ferrari 340/375 MM Pinin Farina Berlinetta Competizione

At the historic Villa Erba, more than 1000 people witnessed the Ferrari lot lead the sale in which five cars exceed $1,300,000 and 11 lots exceed their pre-sale estimates. At the auction were participate people from across 30 countries and from all four corners of planet by internet.

Max Girardo, Managing Director, RM Europe, said: “Once again, we have demonstrated that auction really is the only way to sell important cars. Over 25 percent of lots exceeded their pre-sale estimates, with a number of model specific records achieved. It is clear that RM’s truly global reach and its unsurpassed investment in exceptional marketing and promotion brings an international audience to our sales that would be impossible to access any other way.”

Ferrari was the star among the cars and beside the Berlinetta other Ferrari sales includes the 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico, which realised $2,839,000, the 2004 Ferrari Enzo, which achieved $1,390,480, the 1965 Ferrari 275 GTB, for $1,456,000, and the 2010 Ferrari 599XX, which brought $1,193,120.

Also on the offer was the stunning 1962 Mercedes-Benz 300SL Roadster who was sold for $1,450,400, and always popular with collectors, the 1967 Lamborghini Miura P400 sold for $553,280.

RM Auctions continues its European events calendar in England, 8-9 September.

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Written by Michoni

Milan Jovicic's passion is cars, men fashion and gadgets. As an editor and blogger for Extravaganzi he writes articles about fast and luxury vehicles, yachts and fashion, especially interested in expensive watches. When not working, he enjoys watching F1 and motorcycle racing.

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