RM SOTHEBY'S ACHIEVES €30,918,292 AT MONACO AUCTION DURING THE GRAND PRIX DE MONACO HISTORIQUE WITH NIGEL MANSELL FORMULA MACHINES LEADING THE SALE

RM Sotheby’s stormed back to Monaco for another successful sale alongside the Grand Prix Historique. Conducting a single-day sale, RM Sotheby’s 2022 Monaco tally exceeded €30 million with an 82% sell-through rate and continued a record-breaking season for the world’s leading collector car auction house.

You could feel the energy in the packed room as all eyes fell on the pair of stunning Formula One cars offered from the private collection of former World Champion Nigel Mansell. It is an incredibly rare opportunity to acquire two completely original Formula One cars directly from their World Champion owner and driver and, as expected, both machines found delighted new owners. Selling for €1 million over the high estimate, the iconic ‘Senna Taxi’ 1991 Williams FW14 was the undoubted star of the show with a final sale price of €4,055,000 after a heated bidding battle. Equally as stunning and historic, Nigel Mansell’s 1989 Ferrari 640 crossed the block at €3,605,000. The success the Mansell Formula cars achieved is testament to their historical significance. After the excitement, Nigel Mansell said “I am delighted with all the work that RM Sotheby’s did to bring my beloved cars to market. Deciding to sell them after all these years was a huge decision, but I wouldn’t have entrusted them to any other auction house other than RM Sotheby’s.”

Not to be outdone by the Formula machinery, other significant sales included a stunning 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti. Finished in Giallo Fly over Pelle Nera Vaumol leather, the car is thought to be one of just 16 US examples to feature the classic combination and sold for an impressive €2,592,500. Keeping the Italian marques going, a truly special 1971 Lamborghini Miura SV crossed the block powered by its original “sperimentale” engine and expertly restored to factory specifications, selling for €2,480,000.

Other notable highlights from the sale include a 1973 Porsche 911 Carrera RS 2.7 Lightweight, which is believed to be one of only 200 examples produced for 1973 in factory “Lightweight” configuration. Going under the hammer in factory-correct Light Yellow over black, this matching-numbers example went to its second owner for €1,287,500. With multiple victories under its belt, a fascinating history file, and a great portfolio of newer entries in historic racing, the 1967 Tecno T/67-Ford Formula 3—the 1967 Ex-Works Tecno Racing Team car—sold for €132,250.

Augustin Sabatié-Garat, Director of Sales – EMEA stated “It is fantastic to be back in Monaco after a break of four years. This year we brought a truly stunning selection of road and competition machinery to the Grimaldi Forum and there was a lot of anticipation around the sale. It is fitting that the results were led by Nigel Mansell’s incredible collection as those cars really grabbed the imagination of the public, and it is clear that the market for historic Formula One cars is stronger than ever.”

Additional Fees to Be Considered

Buyer’s Premium

For Motor Car Lots:

  • In the event of a final Hammer Price of €200,000.00 and below on all motor car lots, RMS will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium).
  • In the event of a final Hammer Price above €200,000.00 on all motor car lots, RMS will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium) on the first €200,000.00 and will receive a Buyers’ Premium of 12.5% (plus VAT on the Buyers’ Premium) on the Hammer Price above €200,000.00.

For Non-Motor Car Lots:

  • Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, clothing, and automobile parts, accessories, tools, and/or engines, are required to pay RMS a Buyers’ Premium of 20% (plus VAT on the Buyers’ Premium) on the Hammer Price of those particular lots.

Taxes/Import Duties

Bidders are responsible for any applicable duty and/or local taxes on any motor car(s) or any other lot(s) purchased. International bidders are advised to inform themselves of potential import duties that would be due upon arrival of the lot(s) to its final destination. You are advised to speak with your local representatives in advance of the sale to understand what these costs would be. The location in which the lot is sold is clearly indicated on the lot page found on rmsothebys.com.

Please pay careful attention to any lots that are:

  • VAT Applicable
  • VAT Implication
  • Temporary Import

Lots Under Temporary Import

Those cars subject to temporary importation restrictions cannot be discharged from RMS’ custody without the completion of customs procedures and until full payment has been received. Customs charges will be levied appropriately depending on each individual scenario and will be payable directly to the relevant authorities, which RMS will provide the details of as and when necessary.

Lot Removal/Shipping

Following the auction, all lots will be removed from the venue and taken to a secure facility in Nice managed by CARS. The cost for this removal will be €650 + VAT per lot with daily storage charges to commence on Monday, 23 May at a rate of €50 + VAT per lot. Memorabilia will be removed to a separate location. Please note that it is the Buyer’s responsibility to insure their purchased lot(s) whilst in storage, as insurance is the Buyer’s responsibility once the lot is sold.

Important note: Any party wishing to collect purchased lots must first confirm directly with RMS who is authorised to collect the lot in order for RMS to issue an authorised release.

RMS strongly advises Buyers to make immediate arrangements for the collection and transport of purchased lots. It is the Buyer’s responsibility to make their own arrangements, but RMS is pleased to offer our clients the services of the following preferred companies:

CARS EUROPE
Contact - Samantha Green
+44 (0) 1284850950
samantha@carseurope.net

Menaklars
Contact – Diana Varga
+39 3497559207
events@menaklars.com

Client Service and Administration Contacts

Caterina De Bartolo

Manager, Client Development and Operations Monza, Italy

Languages: English, Italian, French, Spanish, Turkish

Amy O'Brien

Auction Administrator London, United Kingdom

Languages: English