Sunday, March 7, 2021

Three rare Ferraris sold for more than $ 2 million each at auction

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  • RM Sotheby’s auctioned off a Ferrari 288 GTO, F50, and Enzo on May 21.
    All three cars fetched more than $2 million apiece.
  • The entire auction was held online-only, and RM Sotheby’s believed that it could be the first auction company to sell a car worth more than $2 million online.
  • Total auction sales totaled $16,385,738.

2003 Ferrari Enzo. Karissa Hosek/Courtesy of RM Sotheby's
2003 Ferrari Enzo. Karissa Hosek/Courtesy of RM Sotheby’s

With the end of the COVID-19 pandemic nowhere in sight, many are consigned to largely staying at home and browsing life through the window of the internet. At least there are online car auctions to flip through.

RM Sotheby’s hosted its Driving Into Summer online-only auction last month, which opened May 21 and ran through May 29. Because of the pandemic, it was the company’s first consignment-based collector car auction held exclusively online.

Three cars that headlined this particular auction. They were iconic Ferraris: a 1985 Ferrari 288 GTO, a 1995 Ferrari F50, and a 2003 Ferrari Enzo. All three fetched well over $2 million apiece.

“I believe we’ll be the first [auction company] to sell a car worth $2 million-plus online,” Gord Duff, RM Sotheby’s global head of auctions, told Robb Report recently.

An RM Sotheby’s spokesperson backed up Duff’s claims, telling Business Insider that to the best of the company’s knowledge, “no other auction house has sold a car at this value in a dedicated, online-only collector car auction.”

In total, RM Sotheby’s raised $16,385,738 in sales during the Driving into Summer online-only auction. The Ferrari Enzo indeed became what the auction house claims is the “most valuable car sold in a dedicated online-only collector car auction to date.” It sold for $2.6 million.

Not too far behind that were the 288 GTO and the F50, which sold for $2.3 million and $2.2 million respectively. You can take a look at a list of the complete results here.

The auction house says more than 80 cars were available.

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