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RM Auction - Automobiles of London

London, October 29, 2008

RM Automobiles of London Auction braves the "Financial Crisis".

RM auctioned at the Automobiles of London an open headlight Ferrari 250 GT LWB TdF Berlinetta s/n 1385GT for a new World Record Price for this model of PDS 2.225.000 ($ 3.603.089 or € 2.833.270) to an Russian Broker. Even more fascinating to watch was the bidding fight on the McLaren F1 resulting in another World Record Price - PDS 2.530.000 for the as new F1.

Needless to say that the Worlds Top Classic Car Market is fine. In anamera's server statistics one can see an overwhelming demand for Lancia Stratos, BMW 507, Porsche 959 and the McLaren F1 and so it was no surprise for all of us to see the McLaren F1 going that high.

But the emphasis has to concentrate on the word "Top" due to the fact that almost all more or less murky lots - rightfully - didn't find new homes. To experts it was absolutely no surprise that the RHD Ferrari Lusso, by the way resprayed just three weeks ago in an attractive blue metallic, was a no sale with an highbid of only PDS 260.000. Besides the respray the condition of this car was "so-so" and - more importantly - the Lusso suffered from an installed 250 GTE engine which makes it impossible to get a certificate form Ferrari Classiche.

Or take the Ferrari 365 GTB/4 as another example. Interestingly a car with the same chassis number and modified as a Spyder conversion appeared in the 80's. Now one can either believe that this car was later rebuilt again as a Coupé or....

Really cheap was the 250 LM and this may be the result of a some dealers/brokers "bad mouthing" this car as to have had a huge accident recently. Anyway it has to be said also that the 250 SWB California Spyder's highbid of only PDS 2.650.000 was disappointing. The vendor privately offered his cars to all major dealers asking € 3.0mio for it. It seems that RM promised the vendor a better price but Pandora's box was already open as there were at least four telephone bidders who stopped bidding at a slightly higher price as € 3.0mio....

The 288 GTO fetched a highbid of PDS 325.000 and we at anamera are wondering why the reserve was even higher for a car with Thai (!) papers. The expecations seems to have been over optimistic as well as for the red 275 GTB/4, a no sale at an highbid of PDS 700.000.

And last but not least the Alfa Romeo TZ, s/n 7500003 has to be discussed. Virtually no bidding on this car took place and searching the internet for the history of this car will completely explain the full story behind 003.

Bjoern Schmidt

some notable results

Lot 221 1938 Bugatti Type 57C Atalante Sold £660.000
Lot 223 1967 Ferrari 275 GTB/4 Berlinetta NS
Lot 235 1959 Ferrari 250 GT Tour de France Berlinetta Sold £ 2.255.000
Lot 239 1965 Ferrari 275 GTS Sold £ 300.000
Lot 243 1996 Iso Grifo NS high bid £60.000 (very nice car)
Lot 244 1996 Ferrari F50 Sold £319.000
Lot 246 1938 Horch 853 Special Roadster Sold £1.127.500
Lot 247 1966 Ferrari 275 GTB/4 Berlinetta Sold £ 525k
Lot 250 1961 Aston Martin DB4 GT Zagato Recreation Sold £330.000
Lot 257 1965 Ferrari 250 LM Berlinetta Sold £2.255.000

Lot 266 1954 Lancia Aurelia B24 Spyder America Sold £ 165k
Lot 269 1964 Ferrari 250 GT Lusso Berlinetta NS high bid £ 260k
Lot 274 1963 Ferrari 250 GT SWB California Spyder NS high bid £ 2.65mio
Lot 275 1997 McLaren F1 Sold £ 2.530.000
Lot 277 1953 Bentley R-Type Continental Fastback Sold £308.000

Ferrari in the RM Auction, London / England
October 29, 2008


s/n remarks result £ result in €

250 GT Coupé Ellena

0817GT new engine block, 120.000 DNS 152.482 DNS

wrong taillights

250 GT SWB Replica

1345GT new frame, 189.975 240.714

330 GT-engine #8383GT

250 GT LWB Berl. Scagl. TdF

1385GT open headlights, 2.290.875 2.907.530

Swiss papers

250 GTE

2895GT non matching numbers, 67.050 85.199

replacement engine


250 GTE/GTO 62 Replica

3731GT 160.000 DNS 203.069 DNS

250 GT California Spider SWB

4121GT open headlights, hardtop 2.625.000 DNS 3.335.057 DNS

250 GT Lusso (RHD)

5685GT 250 GTE-engine #3069GT 260.000 DNS 330.378 DNS

plus supplemental

250 GT Lusso

engine #4467GT

250 LM

6173 2.290.875 2.907.530

275 GTS

07317 304.773 386.171

330 GT 2+2 Series II (RHD)

7353GT 58.923 74.784

330 GTC

9607 139.687 177.473

275 GTB/4

09783 700.000 DNS 888.425 DNS

275 GTB/4

09803 restoration project; 586.687 745.385

US papers

275 GTB/4 (RHD)

10545 600.000 DNS 762.299 DNS

365 GT 2+2 (RHD)

12025 44.700 56.791

365 GTB/4 Daytona

14347 identity of car possibly 134.100 170.197

changed years ago:

engine & gearbox numbers

were restamped

512 BBi

47865 EPA/DOT for California 72.637 92.299

288 GTO

56337 Thai papers 325.000 DNS 412.483 DNS


105193 2.724 kms. only 324.075 411.737

F355 Challenge

111662 34.642,50 43.968

360 N-GT

122903 75.000 DNS 95.188 DNS

Results include 10% commission on hammer price plus 17,5% VAT upon
commission for sold lots; for unsold cars, figures represent the high bid without any
addition. Twelve out of 21 Ferrari on offer in total were sold.
Exchange rate GBP vs. EUR: 1.0 GBP buys 1.26708 EUR

© Andreas Birner

October, 2008

 RM Auction 2008 - Automobiles of London
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