Guide to buying a Ferrari

McLaren-Mercedes MP4-25 – LAT ©2021 Courtesy of RM Sotheby’s

RM Sotheby’s made the headlines in July with the first ever public auction of a Lewis Hamilton Grand Prix winning F1 car. Held during the British Grand Prix, the Silverstone crowd was treated to demonstration laps of Hamilton’s 2010 McLaren-Mercedes MP4-25 while the live auction was conducted on the winner’s podium, the 2010 Turkish GP-winning car changing hands for £4,730,000 (estimate £3,600,000 – 5,000,000).

Guide to buying a Ferrari

De Tomaso Pantera GT5-S – © Bonhams

July also saw Goodwood open its doors to the public for the first time since 2019, with Bonhams heading down to the Sussex venue for its traditional Festival of Speed sale. Ferraris locked out the top three results, led by the ex-Corrado Cupellini Dino 246/60 Formula 1 at £967,000 (estimate £900,000 – 1,300,000), while the ex-Paul Vestey 1990 F40 with 17,789km made £883,000 (estimate £800,000 – 1,200,000). Other highlights included a one-owner 7,400-km 1990 De Tomaso Pantera GT5-S, one of just 18 in right hand-drive, that went for £156,400 (estimate £150,000 – 250,000), and a non-running 8,000-km 2007 Mercedes-Benz SLR McLaren 722 Edition, not registered in the UK, generated £287,500 (estimate £180,000 – 240,000).

Guide to buying a Ferrari

Lamborghini Miura P400 – © Kevin Van Campenhout

Artcurial returned to Monaco as parts of Europe gradually eased restrictions, where a 1968 Lamborghini Miura P400 was the star performer, selling for €977,440 (estimate €850,000 – 1,200,000) to join a Monegasque collection. Among the other notable sales on the day, a Middle Eastern collector picked up a 2018 Mercedes-Maybach G650 Landaulet with 1,535km from new at €754,464 (estimate €600,000 – 800,000), and a 34,900-km 1989 Lamborghini Countach 25th Anniversary was hammered away for a mid-estimate €274,160.

Guide to buying a Ferrari

McLaren F1 – Mike Maez ©Gooding & Co

August heralded the auction year’s highest profile sales, taking place during Monterey Week in the US. Gooding & Company bagged the overall honours, with its 1995 McLaren F1 that had been estimated to achieve in excess of $15,000,000 bringing a world record $20,465,000. The Holy Grail of supercars had covered just 390km, having remained in a private collection with its first owner in Japan for 17 years, before being imported into the US in 2013 by the consignor – its third owner.

Guide to buying a Ferrari

Aston Martin DB4GT Zagato – Rasy Ran ©2021 Courtesy of RM Sotheby’s

RM Sotheby’s three-day sale featured an impressive roster of 56 cars with million dollar-plus estimates among the 159-lot catalogue. A 1962 Aston Martin DB4GT Zagato from The Paul Andrews Estate Collection drew the top result, selling for $9,520,000 (estimate $11,000,000 – 14,000,000). RM set five new world auction records, notably among the supercars a two-owner, platinum award-winning 1995 Ferrari F50 with 8,496 miles realised $3,965,000 (estimate $3,600,000 – 4,000,000) and a barely-used 1991 Jaguar XJR-15 showing just 78 miles achieved $1,902,500 (estimate $1,750,000 – 2,100,000) – helping RM towards an auction total of $148.5 million and a 90% sell-through rate.

Guide to buying a Ferrari

Porsche 911 Turbo S – © Bonhams

A 1928 Mercedes-Benz 26/120/180 S-Type that had been purchased ‘sight unseen’ for $15,000 by the consignor’s father in 1964 headed the results at Bonhams, blitzing its $3,000,000 – 4,000,000 estimate and going for $5,395,000. Other strong results included a 1997 Porsche 911 Turbo S with fewer than 1,700 miles at $654,000 (estimate $260,000 – 320,000) – a new auction record for a 993 variant of the model.

Guide to buying a Ferrari

Jaguar XJ220 – © Bonhams

Jaguars ruled at Bonhams’ Goodwood Revival sale in September with Valentine Lindsay’s D-Type – assembled from Jaguar and reproduction parts in the 1980s using chassis XKD 570 – finding a new home at £799,000 (estimate £900,000 – 1,200,000). Meanwhile, a left-hand drive 1993 XJ220 with only 620km set a new auction record at £460,000 (estimate £400,000 – 500,000).

 

Guide to buying a Ferrari

Porsche 928 from the film “Risky Business” – © Barrett-Jackson

Other stand-out results in the quarter, also establishing new auction records along the way, included a Porsche 928 that starred alongside Tom Cruise in the 1983 film Risky Business making $1,980,000 at Barrett-Jackson in Houston; a two-owner 9,700-mile 1991 Audi Quattro – the final right-hand drive 20 valve built – sold to an in-room bidder for £163,125 at Silverstone Auctions, smashing its £75,000 – 95,000 guide; and a time-warp 1990 Citroën 2CV Charleston, unregistered with only 9km on the clock, took an incredible €141,960 (estimate €50,000 – 70,000) at Aguttes’ Paris sale in August.

Did you know, this famous car featured in our Porsche History – find it in the films section.

 

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Visit Glenmarch to view the full auction results and upcoming auctions

Glenmarch Q3 – Top 10 auction sales

Car Price Auction House Location Date
McLaren F1 $20,465,000/£14.93M Gooding & Co USA Aug
Ferrari 250 GT LWB California Spider Competizione $10,840,000/£7.91M Gooding & Co USA Aug
Aston Martin DB4GT Zagato $9,520,000/£6.94M RM Sotheby’s USA Aug
Ferrari 268 SP $7,705,000/£5.62M RM Sotheby’s USA Aug
Ferrari 275 GTB/C $7,705,000/£5.62M RM Sotheby’s USA Aug
McLaren-Mercedes MP4-25 Formula 1 £4,730,000 RM Sotheby’s UK Jul
Ferrari 250 GT TdF $6,000,000/£4.37M RM Sotheby’s USA Aug
Bugatti Type 35 B Grand Prix $5,615,000/£4.09M Gooding & Co USA Aug
Mercedes-Benz 26/120/180 S-Type $5,395,000/£3.93M Bonhams USA Aug
Ferrari 250 GT Cabriolet Series I $4,405,000/£3.21M Gooding & Co USA May

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