RM | SOTHEBY'S
RM Sotheby's returned to Monaco on 14 May for another successful sale alongside the Grand Prix Historique. Conducting two separate sales sessions during a single day, RM Sotheby's 2016 Monaco tally exceeded €27.5 million ($31,187,305 US) and saw several records tumble.
All eyes were on the star lots offered during Saturday's evening sale, which was packed with an audience of international bidders, creating the electric atmosphere that we have come to expect from the magnificent Le Sporting venue. The top sale of the night was the 1951 Ferrari 340 America Touring Barchetta, chassis number 0116/A, known as one of the first 'big engine' competition Ferraris. Boasting an exceptional competition pedigree, it was raced in the 1951 and 1952 Le Mans 24 Hours and entered in nine Mille Miglia road rallies from 1984 to 2006, and it deserved to make €7.280.000. The second highest price paid on the night was for the incredible 1997 Porsche 911 GT1 Evolution, chassis number GT1 993-117, the only known road-registered example, and one of just 14 GT1 race cars in private hands. Also boasting an extensive competition history, the GT1 came to auction following a recent comprehensive restoration, passing onto its third owner for a record-breaking €2.772.000. Rounding out the top three sales was the beautiful and incredibly original 1966 Ferrari 275 GTS, chassis number 07805, a very desirable car, which realized €1.792.000.
Earlier in the day, eager enthusiasts took their seats for the sale of the famous Italian Quattroruote Collection, which contained an eclectic mix of 37 cars, motorcycles, and memorabilia, all offered without reserve. The collection sold well and was headlined by the beautiful 1939 Bugatti Type 57 Cabriolet, chassis number 57731, which exceeded estimate at a strong €660.800.