Right timing for Ferrari sale?
Ferrari factory to be venue for one-marque auction
RM Sotheby’s is to hold a sale of Ferraris at the Maranello factory on September 9 as part of the marque’s 70th anniversary celebrations. It will be a belated return after RM held a series of ‘Leggenda e Passione’ sales at Maranello between 2007 and 2009.
It’s that date that poses the biggest question: are there enough top-end collectors and cars to go round? It’s three weeks after the sales bonanza around Pebble Beach, and on the same weekend that Bonhams hosts big sales at the Goodwood Revival and alongside the Chantilly concours. RM is obviously hoping the onemarque focus and the company’s association with it will carry the sale.
CEO and founder Rob Myers says, ‘Of the 660 million-dollar-plus cars sold in RM’S history, 40 per cent are Ferraris. The event will build on previous success in the sale of important Ferraris at auction, which accounts for nearly half of all examples sold for over $10m.’
Until recently the rise of modern era supercars and hypercars has bolstered results at high-end auctions, but there are signs that buyers’ apetites for ever-inflating prices in this sector are abating.
‘Of the 660 million-dollar-plus cars cars sold in RM’S history, 40 per cent of the have been Ferraris’
RM’S all-ferrari sale in September will clarify the market for Prancing Horses