Market: Bugatti and Maserati top RM Sotheby's Paris sale
21st century supercars top the RM Sotheby’s Paris prices during Rétromobile as all three classic headliners fail to sell
After a weighty dump of overnight snow had fallen on the see-through roof of one of the European market leader’s upmarket auction tents and safe viewing of some of the cars had to be delayed on sale day, a well-attended evening event saw bidders from 34 countries buy 83% of the lots for 23.75m euro (£21.13m).
After the Ferrari 166MM Spider that did the Mille Miglia in 1953 and 1954 ran out of gas at a below reserve €3.45m and a GTO Engineering-restored 1965 275 GTB Alloy with desirable ‘long-nose’ also failed to achieve €2.4m, it was down to a 2017 Bugatti Chiron (above) to be the night’s top seller in the RM Sotheby’s auction tent in Place Vauban.
With no less than 1500bhp on tap and a top speed limited electronically to 420km/h, the Slovakian registered supercar – with less than 1000km on the clock – powered to a premium-inclusive €3.32m (£2.96m) result. This is a record for the Chiron at auction.
One of 50 Maserati MC12s meanwhile, a 2005 road-going version of what essentially is a street legal GT1 race car, with 12,500km on the clock, was offered without reserve and achieved €2,001,875 (£1,781,669), the second highest priced car.
A still-quite-original 1958 BMW 507 Series 2 Roadster from single German ownership for over four decades, which had been maintained by the same factory-trained mechanic since new, rounded off the top three by realising €1,581,419 (£1,581,419).
Another post-WW2 Bugatti also fared well under the gavel. The 25-year-old EB110 SS prototype with UK V5C and only 3300km from new in 1993 seduced several bidders until hammered for €1,152,500 (£1,025,725), another new auction record and the sale’s fourth highest price.
With the Ferrari 166 (parked front of house) and the 275 both failing to sell, the top-priced Prancing Horse was therefore a ‘no reserve’ F40 – a late production car with catalytic converter and adjustable suspension from 1992 and fuel tanks replaced in 2017.
It sold for €933,125 (£830,481). Other cars to make the top ten were a race-winning in 1954 Osca 2000S with Barchetta bodywork by Morelli at €792,500 (£705,325), one of only 37 1967 Maserati Mistral 4.0 Spyders at €736,250 (£655,263), one of 125 1970 Ghibli 4.7 Spyders at €708,125 (£630,231), one of 14 1995 Porsche Exclusive 911 Turbo Cabriolets at €680,000 (£605,200) and one of just 54 1954 Mercedes-Benz 300SL Roadsters at €646,250 (£575,163).
Among other standout valuations here were the €516,875 (£460,019) paid by the buyer of an apparently meticulously restored and Classiche-certified 1962 Ferrari 250GTE Series 3 2+2 Coupe that soared past its €430,000-470,000 pre-sale estimate.
A 1988 RUF CTR Clubsport, believed to be the only CTR in Porsche RS Mint Green, also exceeded €275,000-325,000 expectations to sell for 348,125 euro (£309,831). An Italian-delivered in 1995 ‘Dealers Collection’ Lancia Delta HF Integrale Evo 2 convincingly overtook the €90,000-120,000 guide to fetch €161,000 (£143,290).
Another record buster was a Triumph TR3A that had been a member of a four-car works team on the 1958 Monte Carlo Rally, finished second on the Circuit of Ireland and been a Tulip Rally class winner in the same year. By selling for a more than top estimate €184,000 (£163,760), the Coventry sports-car with hardtop and bend-spotting Lucas roof light has become the valuable TR3 ever auctioned.
Largely ignored by most was a 50,137km 1965 Porsche 912 with nearly three decades of undisturbed storage dust. But after it was announced from the rostrum that this recently-discovered sleeper had been first owned by a Dutch Royal, the project was keenly contested until finally taken on for €92,000 (£81,880), more than double the lower estimate.
Although the reserves of the two star Ferraris were not met and the 1964 Iso Grifo A3/C formerly owned by Jean-Philippe Smet (the late French pop idol ‘Johnny Hallyday’) failed to pick-up a fan with the €2.5m or more suggested, this was not only a confidence-inducing sale in depth for stake holders, but a positive starter for what would be a four-course auction menu during Rétromobile week in the French capital.
Next up: Bonhams in Paris.
Classic Cars for Sale
In the annals of motor racing history few cars, if any, rank higher than the Bugatti Type 35. Between 1924 and 1931, in various guises, they won over 1,000 races and were quite simply the carto beat during the vintage period of Grand Prix racing. It is not, however, simply its race winning credentials that give the Grand Prix Bugatti such iconic status. The distinctive horseshoe shaped radiato
To Be OFFERED AT AUCTION WITHOUT RESERVE at RM Sothebys' Monterey event, 24 - 25 August 2018. Check back soon for complete catalogue description. To view this car and others currently consigned to this auction, please visit the RM website at rmsothebys.comTo view this car and others currently consigned to this auction, please visit the RM website at rmsothebys.com/en/auctions/MO18.
Outstanding Maserati 3500 GTi. Supplied to it`s 1st owner on 4th April 1962. We have acquired the car from it`s 4th owner, who recently had the car completely restored and mechanically revised. This was a `Bare-metal/ body off’ restoration carried out by a well-known Dutch Maserati specialist. Cost was not a consideration during this restoration. When viewing the car it becomes immediately obvio