Weekend Edition – Million Dollar Dreams Acquired in the Arizona Sun at RM Auctions

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This is a continuation of the Auction Weekend here at Hooniverse. I’m switching gears for a moment, and decided to look at the auction results from the RM Auction held at the Arizona Biltmore Resorts. While not as large as the Barrett-Jackson extravaganza, there were some great cars that were auctioned off. Make the jump to see the ones that were sold for over a Million Dollars…

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RM Auctions marquee vehicle within their catalog this year was this 1967 Shelby 427 Semi Competition Roadster, one of only 29 produced. Auction estimates for this particular car ranged from $1,400,000 to $1,700,000 and is well documented within the catalog.

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This car went across the auction block, and the new owner paid $2,007,500 to call this car his own.

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The next million dollar classic is this 1938 Delahaye 135 MS Coupe, with coachwork by Figoni et Falaschi. According to RM Auctions Catalog, this car was displayed on the Figoni et Falaschi stand at the 1938 Paris Salon, and received a Concours restoration by marque specialists Atelier Automobiles Anciennes Dominique Tessier and overseen by Mr. Claude Figoni. The winner also received an invitation to the 2013 Amelia Island Concours d’Elegance, where it will compete with other breathtaking classics for Best-In-Show. Auction estimates for this car ran from $1,000,000 to $1,400,000.

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It was pronounced sold for $1,540,000.

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This is an exceptional 1954 Ferrari 250 Europa Coupe, with coachwork by Carrozzeria Pinin Farina. According to the RM Auctions Catalog this car is one of only 16 examples produced, with Legendary Lampredi V-12 power. This car has received an extraordinarily high quality restoration and received subsequent care throughout. Initial auction estimates for this car ran from $800,000 to $1,000,000.

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When this car ran through the auction show line, the final price hammered was $1,017,500.

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Lot number 141 is a gorgeous 1931 Duesenberg Model J Tourster with coachwork by Derham. Of course this car was going to fetch over a Million Dollars, since that seems to be the going rate for these cars. This one is a bit special though, and according to the Catalog, this car was stored under a haystack on a farm in Italy during the war years, and was discovered by an American Soldier near the end of the conflict. It was brought back to the states by a Connecticut Businessman, who’s family still owned the car prior to selling it at this auction. Initial estimates were between $1,200,000 and $1,600,000.

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This car was sold to a new owner for $1,320,000, a bit less than the high estimate, but still a great deal of money.

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This is a beautiful 1967 Ferrari 275 GT/4, with coachwork by Scaglietti from a design penned by Pinninfarina. This car is a numbers-matching example, Certified authentic without exception by Ferrari Classiche. The restoration was completed in July of 2012, with a complete transaxle rebuild by Ferrari expert Patrick Ottis. Only 500 km was accrued since restoration, and is finished in rare,original colors, and includes desirable factory power windows. Initial auction estimates for this very desirable Ferrari was between $1,400,000 and $1,750,000.

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This beautiful Blue Ferrari crossed the auction stage and was hammered sold for $1,842,500.

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Another Ferrari 275, this time a 1966 GTB version, also surpassed the Million Dollar Mark. Again this is a car with coachwork by Carrozzeria Scaglietti, and penned by Carrozzeria Pinninfarina. This car is said to be the most desirable and iconic sports GT cars of the mid-20th century, and at this price, why not? Initial Auction Estimates put this car at between $1,200,000 and $1,600,000.

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This car found a new owner at the Biltmore, with the final price of $1,320,000.

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Another Ferrari, only a bit more modern. This is a 2003 Ferrari Enzo, one of only six painted silver, and this is the only one in the States. Only 9,000 miles from new, and the initial Auction Estimates ranged from $1,250,000 – $1,500,000.

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This car sold for $1,320,000. I don’t really see this car appreciating any further as it ages, but what do I know?

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By the way, the Cover Car of the Catalog, A 1960 Ferrari 250 GT SWB Berlinetta ‘Competizione’ by Carrozzeria Scaglietti, was sold for over $8,000,000!

All Photos Courtesy of RM Auctions.

14 Comments

  1. Fairly priced. I generally think that these auctions are rigged to frive up the market prices, likely an investment scam if you scratched harder than auto journalists usually do. But I find it hard to argue with the values of these cars: they're exceptional and rare.
    I'll agree that the Enzo seems very high, and the Duesey may be a harbinger of declines for most pre-WWII cars, since they're prime audience is busy cashing in assets to buy some retirement home now, instead of trying to find their Rosebud.

  2. I really like the grille colors on the delahaye. I tried finding info on why it's like that and apparently Figoni wanted to show his newfound french patriotism. Looks really cool.

  3. Lucky little boys who can dream about these iconic cars not grasping that they'll never own one. One of the major drawbacks of growing up.

    1. It is pretty sad. I'm still happy they exist though, so there is that! I almost wonder if the next big automotive trend will be repros of iconic cars like this that don't exist in large numbers or are so expensive as to be out of range of nearly everyone. Even if it was 200k to make a repro of a car like this, I think buyers will eventually go for it.

      1. I wouldn't want to actually drive a two million car. By drive i mean flog the shit out of it. So for a Cobra, no matter how much money I had, i would rather go for a really good aluminium-bodied replica than a real one.

          1. His workmanship is certainly much better than his website editing skills, and somehow it feels like that's just how it should be.
            I got halfway thru the front page before i realized i've read the site sometime before but i read everything on it anyway, it doesn't seem like anything has been added in the last three or so years… And there's really not much information about the KAI 3000 SPYDER. The only other result on google, apart from the original site, is half a screenshot of an earlier version of the S.T.C site. I guess the project never got off the ground…

        1. It's odd that the Chinese, traditionally honouring a good original by copying it, haven't got the trend started yet. With 3D printers and all kinds of crazy technical advances I guess the car of the future will largely be individually designed – or carry the possiblity of it. Might make a lot of cool designs return to the streets.

    2. I view it sort of like art. Yeah, I'll never have a genuine Picasso in my house, but I can look at pictures, maybe see a genuine one in a museum. With the cars there's also a chance Polyphony Digital or Turn 10 (or whatever racing game dudes pop up in the future) will put it in a game and I can drive around in a fake one.

  4. (1.) If I had a Ferrari 275 with power windows, I would pretend they were broken, because that should not be a point of pride on a classic like that. (2.) I believe the mystique and margin from cars bought as an investment is gone for two reasons: (a.) I'm not saying the sale of the Enzo doesn't represent a substantial profit, but the days of a 250 GTO or Cobra being an old used up car for sale for a few grand is long gone. The manufacturers of cars that will be worth a small fortune have caught on, and they cost a small fortune when released. (b.) With a rare model of a modern car, at least since the late '80s, the number of units bought and squirreled away as an investment probably may exceed the total number of original 427 Cobras built. (3) I've been on the internet, and I've found this:
    <img src="http://i615.photobucket.com/albums/tt237/jskitter/1965WillmentCobra_zps4d286616.jpg&quot; width=512>
    It's a Willment Cobra. I couldn't decide if it's brilliant or blasphemous, even for 1965, but supposedly the Supersonic body was found in a junkyard and stretched over a spare chassis, which makes me feel better.

    1. I'd rock that in a haahtbeat. So, blasphemous. If the rest of its angles look as good as this, it's magnificent.

  5. Those overpriced rare beauties are nice to look at. But imagine the insurance premium.
    Cars that are too special to drive??
    Rather not, Thank You.

  6. Very rarely can you find a steal at an internationally televised auction which puts cameras underneath the car, inside the exhaust pipe etc, and where they have "fantasy bidding" and thousands of people watching it live on the intertubes with price guides at the ready. The only time its possible to get a good deal at a venue like is when stuff is basically crashing down en masse as a part of a market correction that shifts everything 20% (like in 2007-2008).
    And of course whatever advantage in price you can get, its offset by auction fees and transportation costs. Most of the interesting stuff trades hands privately anyway, where the buyer can visit and drive the cars several times, instead of guessing about service records and weird bubbles on the paint.

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