Chasing Cars Ferraris make big money in Monaco, and family classics from Triumph show promising movement
The right Ferraris still find new homes, but top end buyers are hard to find
Though its Monaco sale catalogue’s cover star Ferrari 250 TDF failed to find a home – or any serious bids – RM Sotheby’s did find a way to still get strong prices for Ferraris. Not that it’s a revelation that the right cars in the right surroundings tend to open wallets. In this case the surroundings were the Grimaldi Forum in Monte Carlo. The cars included the 195 Inter we featured as a Temptation two issues ago that made £519,366, and a well-restored long-nose 275GTB that hit £1,886,000, both at the top end of their estimates. Even better was the ’62 250GT Cabriolet SII, restored in recent years in Italy. It beat its top estimate to make £1.49m.
Other marques fared less well, but the end result was a middling 66.3% sale rate for the 86 cars. That brought a total of near enough £20m, which is down on the last sale held there two years ago, but then so is the high end of the market.